Babel Universe Whitepaper
  • Opening
  • Abstract
  • Co-Create
    • Babel Universe
    • An Ever-Expanding Universe
    • The Short Story
    • BabelUniverse.com
  • Co-Govern
    • BabelDAO
    • Governance
    • SBTs
    • Ways to Grow
  • Co-Own
    • $BABEL
    • Rights
    • Earning
    • Inspiration
    • Validation
    • Tokenomics
    • $BABEL Use Cases
  • Conclusion
  • Appendix
    • Animated Series
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  1. Co-Own

Earning

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Last updated 2 years ago

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 "" 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.

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