In the Newbie Reward Contest, the point value and rewards will be calculated taking tip from read cash random rewarder system.
The Newbies reward contest random rewarder is our preferred way to distribute the weekly payout from the community fund
Reward Point Price
This is the value of each point earned in the community's contest.
The value/price of each point depends on the amount in the community's fund. So the value of each point will vary weekly depending on amount in the community fund.
This value or price is a bit hard to predict.
Instance 1
Let's say at the end of the week the total points earned by participants is about 100 points and the community fund has about $10.
The Point value/Price = Fund ÷ total points
= 10 ÷ 100
= $0.10
This means that in this situation every point gets you $0.10
So if you accumulate just 10 points in a week you stand to earn
10 x 0.1 = $1
Instance 2
If the fund has about $2 to pay in a week and the participants have gathered 1000 points.
2 ÷ 1000 = 0.002
So each point is now worth $0.002
This be a but hard to predict before the end of the week and any value we give before that will probably be way off.
So the Point price will be announced at the end of the week - on Sunday and will be used to calculate users reward.
The more total points participants earn per week, the less price of each point is.
The more the amount in the community fund, the more the price per point.
At the end of the week all points earned would be combined and weekly amount from the fund would be distributed proportionally to the points. Payment happens as soon as the fund donors go online (warning: this might take days).
We would like to hear your thoughts or suggestions on this. See you in the comment section.
You can donate to the community fund through upvotes or direct donation to us.
Contact macronaldsilas@gmail.com
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