➕Topic selection

• The author will pick 2 topics each week that he considers interesting.

• Anyone can submit topics using a bidding system.

• Minimum bid is 1 EGLD.

How the bidding system works:

• The highest 2 bids will go to the DAO vote for the current week.

• If more than 2 bids have the same value, the ones submitted earlier will be chosen for vote.

• If a topic with a bid fails to receive sufficient votes from the DAO members 3 times, the bid will be returned to the sender as it indicates that the community is not interested in that particular topic.

• When a bidding topic is approved by the DAO members, the bid value is divided into two equal parts:

  • 50% goes to the author for writing the thread

  • 50% goes to a randomly chosen member who voted on the topic, regardless of whether they voted for or against it

Examples

Ex. 1

The author picks Project A and Project B.

Project C is submitted with a bid of 1 EGLD on 20th of February.

Project C is added to vote with Project A (because the author choose that one).

Case 1: Project C wins the vote - 0.5 EGLD goes to the author and 0.5 EGLD goes to a random DAO voter.

Case 2: Project A wins the vote - no EGLD is distributed.

Ex. 2

Project B is picked by the author.

Project C lost last week vote, still has 1 EGLD bid.

Project D is submitted with a bid of 1 EGLD on 1st of March.

Project E is submitted with a bid of 1 EGLD on 2nd of March.

Projects C and D will be selected because they are the oldest ones. Project E will not enter the DAO vote.

Project D wins and 1 EGLD is 50-50 split between the author and a random DAO voter.

Ex. 3

Project C - lost already 2 votes.

Project E - lost 1 vote.

Project F - submitted with a bid of 2 EGLD.

Project G - submitted with a bid of 1.01 EGLD.

Project F and G are selected, highest bidders.

Case 1: Project F wins - 2 EGLD are 50-50 split.

Case 2: Project G wins - 1.01 EGLD are 50-50 split.

Ex. 4

Project C - lost already 2 votes (1 EGLD).

Project E - lost 1 vote (1 EGLD).

Project G - lost 1 vote (1.01 EGLD).

No new projects.

Project C and G are picked(C oldest from the ones with the same bid, G highest bid).

Project G wins -> 1.01 EGLD are 50-50 split.

Ex. 5

Project C - lost 3 votes -> all moneys are returned to sender.

Project E - lost 1 vote.

No more projects available.

Project E goes to vote alongside with a project picked by the author since no other paid projects are are available.

And the process continues as described.