The Web3 space is so deeply celebrated because of the Builders. If Builders did not exist in the space, we would never have revolutionary CEXs, DEXs, Layer-1, GameFi, SocialFi, DeFi and everything that keeps shipping in the space, 24x7
But is there truly a reward program made FOR the builders? We are talking beyond the usual grants and scholarships handed down by ecosystems. We are talking about the next level of gamification…
Welcome BUILD to the on-chain playground folks!
BUILD as a platform has a very clear and concise messaging: Nominate the best builders you know. Celebrate the unsung onchain heroes. Nominate incredible builders to give and earn BUILD
Bringing the entire gamification angle to the scene, BUILD as a platform is a social game on Farcaster that operates on the principles of peer nominations.
So as an on-chain degen (no pun intended), you see someone building something insanely cool…just go to BUILD and nominate the builder. Simple as 1-2-3.
The Token of BUILD(ing)
When we start throwing the word onchain casually, could you make sure that there is a token in the corner? But as a Builder rewarding centric platform, BUILD also necessitates a native token to actually execute its purpose = Reward the Builders.
$BUILD is an ERC-20 token on Base with a total supply of a 1T. It launched on May 2024, with a crowdfund on party.app, followed by community airdrops to onchain builders.
The token is fully community-focused with 60% allocated towards the Airdrop and 40% reserved for the Liquidity pool on Uniswap.
The 101 of BUILD
Now that we have understood the What & Why of BUILD. Let us now take a look at the How?
The Nomination Saga:
No judge. No jury. No mentor. Any user with onchain credentials can simply head over to build.top and nominate their favourite builder.
Now, you cannot go around nominating your entire dorm room to be a good (onchain) samaritan, so there are certain thresholds in place to maintain decorum.
3 nomination limit per day
Only 1 nomination per builder per season
The above 2 simple criteria make sure that the playground is kept even and “influencers” are not becoming millionaires without doing anything at all.
Nominations can be done by searching for Farcaster, Lens, Talent Passport, or ENS profiles on the Build website.
Every builder nominated by you gets 90% of your daily BUILD allocation. At the end of Airdrop 1, BUILD Points will be converted to $BUILD Tokens, and nominated builders can claim their $BUILD Tokens.
The Gamified Leaderboard
Leaderboard on the Build website takes the competition spirit a notch higher with metrics calculating:
Rank
Build Points
Nominations
Builder Score
Why Nominate???
It’s kind of a win-win situation here.
Nomination allows users to actively reward and recognise work of builders in the space and also allows builders to be confident about their product, especially if they are building public-goods.
Nomination also allows you to earn 10% of your BUILD allocation. So a two-way street benefiting the larger community when seen through a macro lens.
How to be included in the BUILD ecosystem?
Another super way of filtering out low-quality players and airdrop farmers, BUILD requires every individual participant to have a SocialFi profile and a Proof-of-Humanity in the form of a Talent Passport.
Talent Passport is your onchain resume. Connect all your accounts to a user-friendly smart wallet that represents your professional reputation onchain.
Talent Passport is an onchain smart wallet with superpowers. All data is verifiable, which is super cool and will surely have a high adoption rate in the coming time.
The Core of Builder Score
The Talent Passport as discussed above ties in deeply with the Builder platform. This is where the Builder Score enters the scene.
Every Talent Passport holder has their Builder Score calculated by leveraging onchain and offchain data. This makes it possible to have a better determination about the user being a real onchain builder.
This shows the actual use-case of onchain reputation and further down even DAOs can utilise the scoring data for gated access and further enhance the gamification of points where applicable.
In the future, ecosystem apps will be able to define their own scoring systems with the underlying reputation data from Talent Protocol. This means a Passport can have multiple scores, depending on the context in which it’s being displayed.
Conclusion ✍🏻
BUILD is revolutionizing the Web3 space by providing a dedicated platform for recognizing and rewarding the builders who drive innovation.
Through a unique nomination and gamification system, BUILD ensures that the contributions of on-chain creators are celebrated and incentivized.
Leveraging the $BUILD token and incorporating robust on-chain credentials like Talent Passports, BUILD not only rewards builders but also fosters a community of transparency and trust.
It is time to welcome the new era of recognition and rewards for the unsung heroes of Web3.
