Reward System

*This is a draft of the Reward System of HAIP platform. It describes core concept but is still missing minor pieces. Additional benefits connected to staking $Haip and Project Tokens are to be expected. With the power of gamification, we are creating an ecosystem which is fun and engaging for the benefit of all fans and creators!

What is a Reward System?

Haip Token opens door to the Reward System. With $HAIP, user can stake it to the Community Pool or decide to support a project of the choosing by purchasing Project Tokens.

Community Pool and ProjectGrowth Pool are smart contracts running on the blockchain. When users stake their tokens, they essentially lock them into the smart contract for a specific period of time. This smart contract is programmed to store the tokens, calculate rewards based on factors such as stake duration and total staked tokens. When the time comes, smart contract automatically distributes token shares among stakeholders.