To put it simply, Hilo is a crypto-powered investment portal, social community, and learning center, all rolled into one. Please read part one of this article, Hilo Is Your Crypto Learning Portal, where we cover all the basics of site mechanics and navigation.
Today I’ll be talking about Hilo’s gamification features and introducing you to the many ways users can acquire H, the site’s own token. Once acquired, users can then use H to reward other users for their participation in the site and to unlock additional site features.
It begins when users gain rewards for completing a simple sign up procedure and receive XP points in return. These experience points are tracked by the site and used to calculate when a user unlocks a new Badge or attains a new level.
For instance, signing up, verifying your identity, completing your profile, and linking a wallet to the site all provide XP points in the form of badges. Once enough badges are accumulated the user levels up. When the user attains the new level, they are rewarded with H tokens from the User Growth Pool and unlock new site features, such as the ability to upload a custom avatar. Uploading a custom avatar then rewards the user with more XP and the cycle continues. New levels are attained by participating in the site through postings and by receiving public upvotes.
A small portion of site fees will be collected to add to the User Growth Pool. The funds in this pool are then used to reward users who achieve placement on Leaderboards, moderate public chat rooms, level up, or invite new users to the platform.
Users may use H tokens in a variety of ways. When users participate and accumulate XP on the site they start out as an Enthusiast as their experience and following grow they are rewarded with the title of Influencer. All users may charge a small fee for access to their asset allocations info, watchlists, and fantasy portfolios, but Influencers may do better at this than newbies. Access to private chat rooms for groups will also be available for a fee.
Additionally, fees may be charged for receiving Direct Messages from followers. This is to cut down on the amount of useless chatter that Influencers receive on a daily basis and only allow through the messages users deem important enough to send. Group chat, both public and private will also be available. Please read the Whitelist, located on the official Hilo website, for more info on chat rooms including how the chat rooms are moderated.
The H token will also be used for voting on site improvements and additional features to add to the site. Voting will be weighted so that the votes from users holding the most H will count more than the votes from users with only a few H. This allows for top investors and influencers to have more of a voice in the direction of the website. Additional token metrics, governance information, and team info is available on the Hilo website.
This article was created in exchange for a potential token reward through Bounty0x by Sunfrog.