Earning
How does a writer earn $BABEL?
The DAO will allocate a certain number of $BABEL to reward good works within a specific period of time. (i.e. allocate 1M $BABEL every month)
Every citizen (Tree & Author badge holder) has certain votes to delegate to pieces that they believe are adding value to the whole IP.
As the citizens delegate their votes, the allocated $BABEL will be issued to the authors of the pieces according to the number of votes they receive by the end of the period. It is basically a "Coordinape" system.
With this design, authors who write appreciated pieces will earn more $BABEL than those who don't. As our validation process doesn't ensure the artistic quality of the piece, this mechanism facilitates that.
Authors can then exchange $BABEL to other currencies (i.e. USD) on the exchanges.
Last modified 8mo ago