RLoop is a project that will rediscover the model of cooperation in the invention of innovations. It’s a new blockchain platform that implements security and decentralization in the development of innovative solutions. The idea came when the Reddit community, which later became rLoop, was able to reach such heights: the winner of Elon Musk’s Hyperloop competition, many awards for its prototype of Hyperloop technology. Thus, having passed all the pitfalls in the formulation of algorithms for cooperation and setting tasks for multiethnic, multinational, multi gender, etc. communities, participants of different levels of education and similar factors, they decided to create a platform that solves all these problems. They decided to create a platform where people will communicate on the basis of prescribed digital laws, a platform where a place will be made by a contribution to the development of the project, the platform, the world. They decided to create a platform where people of any level of education, any national and other signs, anywhere in the world will freely participate. Such a platform should become rLoop, with the help of the blockchain technology it can achieve all of the above goals and even more, because the ultimate goal of the platform is to make the world better than it is.
Let’s move on the main points of how the platform will work:
Quality assurance will be provided by certain community members who have already been allocated a portion of the budget from the bounty. Such a person is necessary for the growth and the improvement of the community, with its help, the projects will be able to refine their ideas and product, based on the experience and professionalism of such a person. With the development of the platform, algorithms and mechanisms to check the quality of the product will be added, both automated and manual.
How to evaluate the participants of the platform and their contribution, how to appreciate the expert with ten years of experience, how not to underestimate the new prospective specialist? For this issue, the rLoop project introduces the rating system. The purpose of such a system is to encourage participants to a permanent and qualitative contribution to the development of the platform, this means the development of the projects of the participants and the world as a whole. This rating or reputation is extracted and lost mainly in the phase of the project's cooperative creation. So you increase the reputation of participating in projects, supervising them, checking them for quality (Q & A), putting tokens on the project and the like. Also the reputation will take into account not only your contribution to development, but also your qualification, so the professor of sciences will initially have a reputation higher than a beginner specialist. That is, if they both started at one time, but have different qualifications, then the reputation will reflect this aspect. With all this, the reputation will not be preserved forever, but it will slowly decline with the participant's inaction. Thus, stimulating it to the further activity of the platform.
A system of rewards for accomplishing tasks and completing a project will take place and it will be closely related to the reputation system. After completion of the project development and its successful testing, participants will be rewarded in form of the RLP tokens. Tokens will be levied for joining the ranks of project participants.
The size of the reward will correspond to such factors as urgency and complexity of the project. In this regard, and the amount charged when applying for entry into the project, tokens will correspond to the urgency and complexity of the task, in fact, the larger the reward, the more risks. How to avoid dishonest evaluation on the part of the inspection parties. Q & A of testers? If the tester receives a reward for identifying shortcomings, he simply can reject the project for alleged errors and get paid for it. The concept of checking in rLoop is that the tester will receive a reward only after he finds an error and provides the appropriate feedback about the flaw. If the error was reported, but the developer successfully parried the testers' arguments, the Q & A reward is not awarded to the tester. Thus, participants have an incentive to search for and eliminate project shortcomings and vulnerabilities.
Not every project can get into the platform, every proposed project must satisfy the conditions of the platform, have a development plan and provide information on the project budget, and go through various processes that determine the potential and risks of the project. The project proposal can be created in three ways: created by the rLoop community, can be created individually and openly for collaboration to the rLoop community, created individually and performed alone. Each project will be tested for compliance with the aforementioned rLoop team. To avoid a lot of useless sentences, a certain number of author's tokens are attached to each sentence, this number will be returned to him if the sentence goes through and disappears if not.
The financing of the project begins after the proposal will be independently verified from external sources and will be evaluated in many categories. Further, this proposal is presented to the rLoop community and they decide whether it is worthwhile to spend on it project resources by betting RLP tokens. When the number of tokens invested by the community in the project reaches the bar of the milestone, the development will begin.
Such a project will help to speed up the development of any projects, competently distributed roles, specialists gathered around the world, a decentralized system for adjusting the development process - all this will help in the future endeavors of any team, any project, any start-up. Such a system can be integrated in the future not only in the sphere of technology development, but also in the algorithms of companies' work, etc. The project definitely expects success and, of course, the rise of shares and investments.
For more information, please visit the official platform website:
https://www.rloop.org/
WhitePaper: https://static1.squarespace.com/static/5a96c8e225bf021eda1e901e/t/5b2576068a922d27104a2a79/1529181713994/rLoop+Whitepaper+0.9+1606+1910.pdf
Telegram: https://t.me/rloopteam
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