Taking the Plunge: Diving into the Two Activity Reward Pools in the Scorum Sports Blogging Platform

There are those to whom water brings no fear, those who find a leisurely swim a relaxing and meditative experience, those who bask in the rush of a high dive, invigorated by the shocking sensation of immediate immersion. As central pillars of our vision at Scorum, our activity reward pools are designed to mirror these renewing experiences. A cleverly orchestrated system of benefits that will enrich and enable all our members no matter whether they start with a tentative toe dip or plunge in head first.

Two Tokens that make it work

Authors and voters on Scorum will be rewarded in both Scorum Coin (SCR) tokens and Scorum Power (SP) tokens for the content they create, up-vote, and comment upon. Both are essential for the proper functioning of the Scorum ecosystem, benefit participants in different ways and pull from different sources.

Keeping in mind the constant that 1 SP = 1 SCR, let’s dive deeper into how the Scorum community reaps rewards from both pools. Scorum Power tokens can be gradually converted to Scorum Coin tokens over a 12 month timeframe, while SCR can be converted into SP and used within the platform immediately.

Scorum Power token and Voting Power

The Scorum Power (SP) token has been designed as an internal platform currency that will drive the sharing of rewards among the user base. Equal to each user’s Voting Power (VP), a member’s SP dictates how much value each of their up-votes gives to a particular article. To ensure fairness, users will not be able to transfer directly to other users.

SP tokens can be earned in several ways within the blogging platform:

• Users can convert SCR immediately into SP.
• Authors will be rewarded for the votes and comments that their articles receive.
• Readers will be rewarded for upvoting articles, weighted towards early voters to incentivize the “discovery” of quality content.

As mentioned, voting power (VP) will be a metric that shows how much “influence” a user has within the blogging platform. 5% of VP will be spent with each vote for articles and VP will be replenished back to 100% over a rolling five day time frame. As a result, over-enthusiastic voting will simply lead to a devaluation of each vote.

It’s time to do away with mindless scrolling and “liking” every post in the feed. Let’s bring an engaging level of quality assessment back to content and give authors who pour their creative effort into sports coverage the rewards they deserve. By finding the best content quickly after it’s published, readers can gain influence more quickly.

Scorum Coin token

The Scorum Coin (SCR) token reward pool will take 40% of advertising revenue and distribute it among authors and voters, with 75% of that reward going to authors and 25% going to voters. This distribution will be weighted in the same way as SP rewards – more highly rated articles will share higher rewards among participants. This approach is aimed directly at bringing and retaining high-quality content creators to the blogging platform. Our team realizes that the long-term success of Scorum depends heavily on the quality of the sports coverage the writers within our platform.

By creating two channels for reward distribution, we have devised a system that benefits participants in an internally useful way through the Scorum Power reward pool and enriches users cryptocurrency accounts with rewards in SCR. As the community grows, the process of content curation becomes more entertaining and rewarding, advertising revenue increases, and SCR accumulation spreads among the active fan base.

Brought to fruition, the Scorum reward system will be a swirling cycle of profit sharing, community engagement, and content creation. Jump on in, the water’s just fine…

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Scorum’s Crowdsale ends February 11th at 17:00 GMT. Score your SCR now to get in the game!