Are you interested in learning more about Trust Exchange and their reward distribution plan but find the technical jargon overwhelming? Look no further! In this simplified guide, we'll break down Trust Exchange's reward distribution plan and explain it in easy-to-understand terms. Read on to learn how you can earn rewards for contributing data to the platform.
Trust Exchange has created a platform that solves problems in the business information industry by enabling participants to create their own information network and collaborate in the creation and validation of mission-critical information. To incentivize contributions to the platform, Trust Exchange has allocated 1.5 billion TREX tokens to the reward pool for participants who contribute data to the platform.
There are two types of rewards that will be distributed to participants:
The System Rewards will be calculated based on a formula that distributes:
The Bonus Rewards will be variable each day and will consist of:
Trust Exchange has set aside 1.5 billion tokens for the daily reward pool, and during the first year of operation, 20% of the lifetime total (300 million TREX) will be distributed to participants. The reward pool will be halved each subsequent year for the entire life of the project.
Each day, participants will receive their allocation of rewards, which will be calculated as follows:
Total Rewards = System Rewards + Bonus Rewards
Trust Exchange has set a limit of 81,000 "Founder Members" for Year 1, and multiple memberships do not stack rewards. Founder Members will receive a perpetual Founder's Bonus for each subsequent year.
To learn more about this project, read our whitepaper, join our Discord, or visit our website at https://whitepaper.trustexchange.com.
