Raindrop Batch #4: Continuing the Momentum

Raindrop Batch #3 saw some important milestones for growing the Commerce 3.0 Network. Most notably, our first institutional node joined the network as Bitcoin Addict Thailand introduced Commerce 3.0 to their community, rewarding them for participating in the network through the Raindrop program. Bitcoin Addict Thailand is the largest crypto media group and community in Thailand, so we are thrilled to have them on board as Commerce 3.0 gathers steam.

Following on that success, we are excited to announce Raindrop Batch #4. Batch #4 will be a two-month long batch, beginning on May 1st (US Pacific time) and ending on June 30th. This batch will continue the focus on growing the number and size of Commerce 3.0 communities. Similar to previous batches, this Raindrop batch will involve interacting with a smart contract through the Raindrop interface to join a Raindrop community or to deposit SO token. By providing token rewards shared by community leaders and members, we hope to show our appreciation to our loyal supporters and encourage many more to join the network.

The rules for Batch #4 for community leaders and members are as follows:

Community Leaders

• Community leaders receive 15 SO tokens for each new Ethereum address they bring into the community smart contract, regardless of whether that address deposits any SO token.
• When 100 new addresses are added by a community leader, that leader will receive an additional 15 SO tokens for each new Ethereum address in the community smart contract.
• Reward tokens will be paid out in 3 equal installments at the beginning of the next three months after they joined the smart contract
• As before, community leaders must go through KYC/AML to receive reward tokens.

Members

• Each new Ethereum address in the community smart contract will receive 15 SO tokens simply for joining the smart contract.
• When 100 new addresses are added to the smart contract, each member in that contract will receive an additional 15 SO tokens.
• Reward tokens for new members who join the smart contract will be paid out in 3 installments at the beginning of June, July, and August.
• Members will also receive token rewards based on a percentage of how much they deposit into the smart contract and when they deposit those tokens during the Batch #4 period, as follows:

• In appreciation for their long-term loyalty, existing smart contract addresses with deposits earn ad additional 0.5% reward on a deposited amount >1000 SO tokens, as follows:

• Deposit rewards will be paid out shortly after the end of Batch #4, in early August.
• There is no cap on how many deposit reward tokens a member can receive, since it is based on their deposit amount and timing.
• If the member withdraws any amount of token at any time, they will forfeit all token rewards for that address in the smart contract during this batch.
• As before, members must go through KYC/AML to receive reward tokens.

As you can see, Community Leaders will now have the ability to offer a free 15 SO token drop to any member that joins the smart contract. In addition, the Batch #4 join and deposit period is once again on a rolling basis throughout the two-month period. We hope that will allow community leaders to encourage even more members to join the Commerce 3.0 Network.

Finally, don’t forget about the Community Grant Program to provide SO token grants to individuals who have an idea for how to grow their community or spread the word about Commerce 3.0, SesameOpen, and the Raindrop program. More details about that grant program can be found on Medium.

Thanks again for the support so far and we look forward to a great Batch #4! Please ask any questions in our Telegram group.