Moderator FAQ
We continue to receive a number of questions related to the Moderator role, so in an effort to address all of these once and for all, we’ve created this simple FAQ for the community to refer to. #TokenTuesday
Q: Can I be a Moderator even if my tokens have not yet been distributed?
A: Yes
Q: Are Camp Shares (CS) tradable, or will they be tradable in the future?
A: No
Q: In order to become a Moderator, how and where do I send PLG?
A: Instructions are provided after you pass KYC and sign the User Agreement.
Q: Can I purchase PLG to reach the minimum CS requirement to become a Moderator?
A: Yes, but only in the future (once PLG is available on exchanges). Furthermore, you can acquire more than the 100,000 PLG minimum requirement, in order to acquire more CS and earn greater rewards.
Q: How much CS do I get when I stake PLG?
A: Ordinarily, PLG is converted to CS at a 1:1 ratio. However, starting in July 2019 until early 2020, bonus conversion rates are available. You can find the conversion rate schedule, as well as the complete Moderator signup process, in the following article: https://medium.com/pledgecamp/become-a-moderator-a0f310905f53
Q: What is the minimum holding period of CS?
A: There is no minimum holding period. The greater your average PLG stake, the greater your monthly payout will be.
Q: How long does it take to reverse one’s stake by converting CS back to PLG?
A: 30 days.
Q: What is the source of Moderator revenue?
A: Moderators earn 100% of the platform’s listing fees. In simple terms, a Moderator who hypothetically holds 5% of all PLG staked on the platform will receive 5% of the platform’s listing fees each month.
Q: What is the role of a Moderator on the platform?
A: When moderation for a project is triggered, 12 Moderators are randomly chosen to begin reviewing the project. The Moderators perform a blind vote, consensus is achieved when a simple majority (at least 7 out of 12) agree, and action is taken (either the project continues or the project is cancelled).
Q: What consequence do Pledgecamp Moderators face if they fail to perform their moderation duties on the platform?
A: They are given a strike, and after three strikes, they are suspended.
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