In case you weren't aware, read.cash has implemented a new fund to attract users. Currently the fund is showing a total of $2,342, but I believe the actual amount is closer to $30,000 based on the top donors listed at the top of the site (update: top donors are for read.cash overall, not the fund itself).
The fund will be distributed to the site's users based on an intricate points system. Click the link for details, but the basic gist is that you get points for achieving various goals for different engagement levels. Each day 0.5% of the fund will be distributed based on a total points allocation. For example, if the fund ever reaches $1,000,000, each day $5,000 will be distributed to users who earned points the previous day. You can even track your daily progress by hovering over your balance on the top right to reveal how many points you've earned that day. Next to your points total, if you click on the "?" you'll see a pop-up like this:
The idea is to incentivize people to engage with the site and grow the community using an incentive model. I think it's a fascinating experiment, but it will only work if more people know about it, so let's spread the word!
I think it's a fascinating experiment, but it will only work if more people know about it, so let's spread the word!