Airgrabs have been proposed and implemented as an alternative model to airdrops. Instead of dropping tokens for free, a certain amount of self-selection takes place: people have to exert additional effort and spend their RAM to grab the tokens. In this way, people signal their interest in the project by showing that they value these tokens more than the RAM and time spent airgrabbing them. The evolution over airdrops is clear: people are rewarded for the effort they have done instead of being paid for mere existence. Of course, it’s a good question to ask whether such an effort creates any real value at all.
From the developers’ side, there’s hardly any value being created. Developers neither receive any resources they can spend on building their dapp nor do they get any real feedback on what they’re doing. From the side of people doing airgrabs, there’s hardly any value being created as well: people are not incentivised to learn about the project in any meaningful way, instead most just mindlessly grab these tokens.
To further illustrate the point, I want to give you a real story about our dapp. We decided to allow people to create free EOS. The rationale for this was that providing free accounts can help people who don’t have an account or who are suspicious of importing their key in a new dapp. We thought that if we didn’t transfer them any tokens, but just pay for RAM, then they would have no incentives to create lots of accounts. It turned out that people started creating accounts and used their free RAM to airgrab different tokens. Of course, we solved the issue and decided to limit the amount of RAM given to new users, making it impossible for new accounts to trade spare RAM for airgrabs.
Bounties
After seeing the demand from real people spending time manually creating new accounts and receiving free tokens, we have thought to ourselves: if people have the time for doing this, why don’t they do some useful work instead. Thus, we decided to implement an alternative for airgrabs: bounties.
The idea of bounty is simple: people (let’s call them hunters) do some useful tasks and receive tokens for their effort. Instead of just self-selection by interest, hunters can learn about the project in a meaningful way, share their knowledge with other people or help developers. Of course, not every bounty is useful, and that’s why we want to lay out the principles of what kind of bounties we want to see.
1. Bounties that help developers.
These are the kinds of tasks that may help developers in a meaningful way. For example, providing valuable feedback, testing the app and finding bugs, creating infographics or suggesting creative input, e.g. proposing a cool name for the token.
2. Bounties that help hunters and people around them understand the project.
These are the kinds of tasks that spread the knowledge and help the hunters themselves understand the project. For example, creating a short blog post that references white paper is a good example. Or creating a manual for how to use the service.
Since we outline what kind of bounties we want to see, we should describe what kind of bounties we don’t want to see. Generally, the answer is spam. For example, signing up for a Twitter, Telegram or an e-mail list essentially spam the network without creating any value. People just make lots of accounts and sign up for channels mindlessly without engaging in the project and the community, so we don’t want to encourage such behaviour.
Within a week, we’ll be releasing an open-source smart contract, that will facilitate the process of bounties and we will immediately integrate the contract into our dapp so that users can easily participate in them in a safe and user-friendly environment.
In the next article, we’ll look into the implementation of the contract and how it will be integrated into our app.
If you’re a developer interested in listing a bounty, please fill out the form and we’ll get back to you
Scruge is a Dapp for tokenised crowdfunding. Users can safely invest in tokenised projects and control how their funds are being used. The process is similar to that of ICO, except that raised funds get locked in a decentralised stablecoin, and these funds are released gradually by voting. In this way, if developers of the project underdeliver on their promises, investors can vote to return their remaining funds. NO MORE ICO SCAMS
Download our beta app, where you can store and manage your EOS-based tokens and soon participate in bounties:
iOS — https://testflight.apple.com/join/mE5hKgqL
Android — https://play.google.com/store/apps/details?id=com.scruge.scruge
Join the Telegram: https://t.me/Scruge_en
Check our whitepaper to get a more thorough understanding of the depth of the project: https://scruge.world/uploads/scruge-wp.pdf
