Each creator will have a staking pool created for them when they onboard Only1. Users and supporters can stake LIKE tokens to earn Annual Percentage Yield (APY) Rewards. The APY of each creator will adjust according to their social activities across various platforms.
Creator Staking Pool APY serves to exercise content control. APY of a creator is ‘slashed’ when bad content is flagged from DAO Community (we call this “Proof-of-Content”) and vice versa when the creator is actively creating content that abides by the DAO’s community guidelines.
Annual Percentage Yield (APY) Algorithm
Factors and Metrices
APY of a creator’s staking pool should correlate to his/her social activities across different platforms. The APY calculation algorithm takes into account the following factors, and will be continually reviewed and updated to optimize for maximum social engagement and fair rewards for all users;
A. Following (F)
Number of followers/friends/subscribers
B. Content (C)
Twitter - Number of Tweets
Facebook - Posts, Albums, Live Streams, Groups or Forums joined
Youtube - Number of of Videos, Live Streams
Instagram - Number of Posts, Stories, Reels
TikTok - Number of Videos
C. Engagement (E)
D. Tokenomics (T)
Tokens release should be in accordance with our vesting scheduled for Community Pool outlined in here [Insert Link]