Guys, I glanced at your paper and saw that you have two different tokens. Can you clarify the use of both?
Both tokens have incentive value. Combination of liquid ABC and non-transferable EXP tokens will motivate all members to be active and behave professionally. It will solve two main problems of the community: content quality and sustainable expansion.
ABC is an openly tradable utility token. We will issue a limited number of it. The token will be used as a payment option for collaborations. Also, all protocol fees will be paid in ABC, i.e. fees for profile attestation, contract completion, raising disputes or using the API. We issue it to economically motivate the network effect and ensure steady growth of the system. The token distribution model will give first members strong incentives to join and start using Collabs. We will give ABC grants to attract members whose work is recognized and respected, which will further increase the network effect and total value of Collabs.
EXP is the Expertise token, we introduce it to drive professional behavior. It will serve as a quantitative measurement of users’ expertise and reputation. EXP is a part of incentive mechanism that is presented on the platform. EXP cannot be bought, it can be only earned for positive actions in Collabs.
Okay, I get it with the first one. Though I have a trouble understanding the second one. What do you mean by positive actions?
We consider positive actions that lead to the growth of the network and reputation of users. For example contributing to a task, paying for a fulfilled task, inviting new members, who contributed to a task or paid for its completion.
