Introduction
Analyzing the Algorand community
Many people are showing the .algo mark, but
There were few factors affected by influencers
On Twitter, there was only price talk and unnecessary talk like “we are the best”.
If you’re truly community-building, we need a few people to keep community
(People who are not working for Algorand or who are not Foundation people)
Appropriate rewards must be given to induce this.
The way I think is similar to the direction of securing Defi liquidity with compensation obtained through participation in existing governance.
It is to give appropriate compensation to those who build communities through compensation.
Existing ambassador systems are less obligatory and it is difficult to intuitively see what activities they are doing. In fact, I don’t even know who they are.
Main subject
It uses the same method of applying for voting rights by applying according to the current governance period, and delegates your voting rights to each representative.
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Representative
Anyone can become a representative and form a delegation, and they form their own proxy voting group.
The formed proxy voting is entrusted with the Algo voting rights of delegators and fulfills the voting role.
1-1) There is a minimum delegation $Algo limit to get rewards (prevents multi-cherrypickers)
1-2) There is a maximum delegation $Algo limit that can be rewarded (adjusted via saturation)
1-3) If you fulfill the role of representative, you can receive part of the reward through commission.
(Representative role and promotion of community formation)
1-3) The decentralization of voting rights can be promoted through parameter adjustment.
(Adjust the maximum and minimum delegated Algo quantity through parameter adjustment)
1-4) Fees can be changed, and malicious attacks can be prevented by depositing representative collateral
(Adjustable from 0 to 100%, fees and collateral of the delegation transparently disclosed on the blockchain) -
Delegator
2-1) Delegate your right to vote to the delegation so that you can cast your vote instead
2-2) Possible to vote for opinions different from those of the delegation delegated by himself (re-vote system under the delegate himself)
2-3) Can be delegated to the desired delegation
2-4) If the fee is too much, you can run your own delegation or conduct your own governance vote and use the existing system.
This method was conceived from the community method built through the free competition system through Cardano’s SPO (Stake Pool Operator) community.
In the case of Algorand, the PPOS method is used, but since rewards are not currently given and rewards are distributed through governance, a free competition system is established through voting rights to compete (good faith) among representatives and promote a sustainable growth system for the Algorand community. is to create
Content-Based Bibliography
https://docs.cardano.org/learn/pledging-rewards
https://docs.cardano.org/learn/stake-pools