Announcing the Relevant Token +Betting Game 🤑

Relevant Tokens are now trading on Uniswap Exchange. This means you earn real COIN when using the Relevant app. Find out how below.

We’re working to abolish digital feudalism by creating a social network owned by users, not venture capitalists.

Centralized social networks like Twitter and Facebook use information silos and unhealthy engagement algorithms to exploit users and extract value they create on the network’s “property.”

By building decentralized social networks, we can equitably distribute platform assets and disperse decision-making power to prevent lone CEOs from seizing control of the platform.

But in order to build a healthy and sustainable social network, we need to create an economy that can compensate users and developers for their contributions.

That’s why we’re launching the Relevant Token, an Ethereum-based cryptocurrency that represents both the value created by users on the Relevant network, and ownership in the platform itself.

Read more about our grand vision here.

The Relevant Token

The Relevant Token allows us to build an economy around the information we value. Instead of manipulating user behavior to extract capital, we’ve created economic incentives that reward the creation and dissemination of quality content. By keeping the Token decentralized and in the hands of the users, we can ensure that those who create value reap its economic benefits.

As the network matures, the Relevant Token will also play a role in the governance of the platform. Users will be the ones who decide what kind of features and policies will be implemented on Relevant.

Relevant Coins

Relevant Tokens are called Coins in the Relevant App and can be found in the Relevant Wallet. Relevant Coins are distributed to users via a zero-stakes betting game where users are encouraged to predict the Relevance of posts.

The Betting Game

Each time a you upvote an article on the Relevant network you automatically bet 10% of their available coins on the future Relevance of the post. Three days after a post goes live, all coins bet are returned to users. If the post achieved a high Relevance score, rewards are distributed to upvoters.

How to Earn Relevant Coins

1. Signup for Relevant and confirm your email address or connect your Twitter account to get some free Coins.
2. Select a community you would like to join (Relevant Feed is the most active one at the moment).
3. Familiarize yourself with the type of content that ranks highly in the community.
4. Upvote new posts that you think will also rank highly in the community.
5. Wait for your rewards — after about 3 days you will get a payout if your predictions are correct.

Betting Mode

“Betting Mode” allows you to decide exactly how many coins you want to bet on each post. The higher the bet, the higher the potential payouts.

Betting Mode can be enabled via Wallet or User Settings. When enabled, you will see a Betting Modal every time you upvote a post.

Why betting?

Bets don’t impact content rankings but provide a way to reward users for their expertise.

The Relevant Betting System allows us to leverage the wisdom of the crowd to predict which content will be Relevant to a given community (similar to a prediction market).

Relevant Betting is independent from the Relevant Reputation System. As a result, money has no impact on the final ranking of content.

In the future, posts with the highest bets will appear in a “Predictions” feed, enabling users without Reputation to signal what they think will be Relevant within community networks.

Can I lose money on bets?

Relevant Betting is zero stakes. All coins bet on posts are always returned to users at the end of the betting period, regardless of whether or not they receive an additional payout.

How do I cash out?

Coins earned on the Relevant network can be exchanged for Ethereum and other cryptocurrencies on Uniswap Exchange.

Relevant coins can be transferred to your Metamask wallet via your wallet. Once in your Metamask wallet, coins can still be used to bet on posts as long as your Ethereum account is connected to Relevant.

*We are currently enforcing some cashout limits which we will gradually raise as the network matures

*Relevant Tokens are an experimental technology. Relevant Token Contracts have not been audited and there is a high likelihood they will not have any monetary value.

Questions? Email us at info@relevant.community

Sign up for Relevant, or get in touch via Slack, Twitter or Instagram.