Introducing Distrikt’s New Tipping Feature
GM distrikters! It’s been a while since our last update, but we’ve been busy building one of the most interesting features we’ve ever released!
In our previous product update, we opened distrikt for public view, meaning anyone can browse the platform without needing to sign up or log in. Now we are getting ready to introduce a tipping system that will enhance your distrikt experience.
This upgrade introduces the first SoFi element to distrikt and paves the way for future developments that will support the web3 creator economy.
The First Step Towards Decentralized Creator Economy
Social media networks are the playground of content creators and the main catalyst for an emerging creator economy. Web3 social media networks have the potential to take this empowerment of digital creators even further, enabling them to take full ownership of their content and facilitate a more equitable relationship between them and the platforms they use.
distrikt’s commitment to user sovereignty and decentralization makes it a valuable addition to the emerging world of decentralized social media, offering users a more private and secure way to connect and share content online.
Distrikt offers a highly secure and private social media experience compared to centralized platforms.
By leveraging the Internet Computer Protocol, distrikt offers users the comfort of engaging without concerns of being tracked, exploited, or monetized by the platform.
With the introduction of a tipping system, distrikt will facilitate the means through which content creators can monetize their content and introduce the first of many features that will help them benefit from the value of web3 tokenization.
The power of tokenization
If done right, tokenization can become a powerful tool that unlocks innovation and new digital experiences. Used in governance, tokenization facilitates ownership and control over the platforms and infrastructure we use, including our digital identity, assets, content, and associated data.
The appeal of a decentralized platform is that token holders can decide how the product evolves, how their data is being used, and how to better monetize their content. Which enables content creators to grow their community without being encumbered by the gatekeeping of many social media networks today. This is a significant paradigm shift that will level the playfield between platforms and their users.
Tokenization can also fuel thriving micro-economies and automated revenue streams for brands, influencers and content creators.
By implementing distrikt’s tipping system we aim to help kickstart the emergence of its own Web3 creator economy.
Our goals for this new release are to help boost valuable content creators and encourage new users to engage with the distrikt community and start their web3 journey with us.
Tipping feature overview
While we are busy with last minute testing, we thought it best to give you an overview, let you know what you can expect, and gather some early feedback.
So what have we been cooking? A tipping system that will enable users to tip content creators with ICP and ckBTC tokens. All tipping features will be available on both the Web version and the distrikt mobile applications.
Who can users tip?
You can tip any distrikt account you wish to, there are no restrictions on who you can tip.
How can users tip
You can tip other users on distrikt in various ways:
- directly on posts on their feed
- via the tip button on a user’s profile.
- In their DM conversations
With what tokens can users tip?
- With your own ICP or ckBTC tokens: user-to-user direct tipping via posts, profiles, and messages
- With ICP tokens from the distrikt community pool: Tipping other users from a pool of tokens accessible to eligible accounts.
What features does the tipping system introduce:
- Dashboard: wallet, stats, transaction history & claim tip
- Community Pool: predefined eligibility, allocation, and timeline
- Tip option on profiles, posts, and DMs
! Important: the distrikt tipping system is a non-custodial service, if you lose access to your II, you will lose access to everything attached to it including your distrikt account and all associated assets.
The new and improved dashboard
The distrikt dashboard started out as the home for your PODs but has now evolved into the centerpiece of the distrikt tipping system, a place where you can manage and keep track of your tokens.
The distrikt dashboard will now be the place where you:
- Deposit the ICP and ckBTC tokens you want to use within the distrikt platform
- Store and Manage your POD and PokedBots NFTs
- Use your tokens for tipping other users
- View your community pool allocation(if eligible)
- Claim tips from the community pool
- Keep track of all tips and transactions
In our previous articles, we discussed how a user profile can act as a wallet on decentralized social platforms. This offers many advantages, including seamless authentication for NFT-gated features (on our roadmap for this year). To that end we have added support for the PokedBots NFT collection to the distrikt dashboard.
Community Pool Tipping
To kickstart this tipping system and incentivize its use, we’ve set up a 12 week long community pool of 300 ICP, that offers eligible accounts a weekly allocation of 1 ICP/week to use for tipping other users.
Eligibility: who can claim?
The distrikt platform will randomly select 25 users out of the top 50 popular accounts each week and grant them access to the community pool allocation for the duration of that week.
Please note that eligible users cannot tip themselves via the community pool.
The community pool is meant to encourage the creation of quality content, and although this measure is not a bulletproof protective measure, it will make it harder for malicious accounts to abuse the community pool.
The distrikt community pool is a particularly exciting feature and we will be monitoring it closely to see if it becomes an efficient tool for rewarding users that contribute with quality content.
How can users claim a tip?
If you have received a tip, a notification will inform and redirect you to your distrikt dashboard where you can claim the tip for up to 3 days.
If you have received a tip but you haven’t logged in distrikt for more than 3 days and failed to claim it, then the tip will return to the community pool. You will know this is the case if you see a tip labeled as expired in your dashboard.
Community pool tipping rules
- Users can tip the same post just one time/week
- Users can tip max 3 posts of the same account/week
- Users can directly tip an account just one time/week
- Users cannot send tips from the CP via DM
User to User Direct Tipping
The direct tipping feature is pretty self-explanatory. All you need to do is have enough funds in your Wallet to send IC or ckBTC tokens to another distrikt account by signing a transaction with your Internet Identity.
Users can tip other users with their own tokens the same way they would via the community pool: on posts, profile or in their DMs with another user.
User-to-User direct tipping requires no claiming by the receiver. When you receive or send a tip to someone, the balance gets updated as soon as the settlement of the transaction finalizes on the ledger.
DM tipping
Users can now send ICP and ckBTC tokens directly via chat messages. This feature is available for user-to-user tipping only, no part of your community allocation can be used to tip via DM.
Privacy vs Transparency
The users that have tipped you and the amount tipped will be added to a supporter list that will be visible on your profile. You can decide to make the number of supporters public if you wish but everything else is set as private.
The amount of tips received on a post will be public, but the accounts that have tipped the post will not be publicly displayed. You can view all transactions and supporters’ details in your dashboard.
Optimized Notifications
While preparing for this release we took the opportunity to optimize the notification system and make it easier for you to have an overview of your engagement. You can now sort notifications based on likes, followers, tips or replies.
About distrikt
distrikt is a decentralized social network built 100% on the Internet Computer Protocol blockchain.
distrikt is fully self-funded and supported by the Open Internet Foundation.
distrikt users will not be the product and will not pay with their data to use the platform. Instead, distrikt users will own their data and identity and have a say regarding the governance of the platform and its future development.
distrikt is to become a strong user-centric alternative to the status quo and it will become a fully decentralized and user-owned social media network soon. Each iteration of distrikt will lead us closer to this goal!
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Our Previous Posts
https://medium.com/distrikt/distrikt-v1-25-introducing-pinned-posts-and-link-previews-aea18048bac
