How the Rare Protocol Algorithm for Allocating Points Works
With the recent update, the Rare Protocol algorithm for the SuperRare tipping program has been completely redesigned to allocate allowances based on user activities and interactions. The system comprises two main components:
1. USD-Based Points
60% of your daily points: This is based on the amount of USD you have spent through buying and selling on SuperRare over the past 183 days.
Calculation of USD: USD spent in the last 30 days is fully considered, while only half of the USD spent from day 31 to 183 contributes to your points.
2. Channel Rank Points
40% of your daily points: This is based on your OpenRank in the /superrare channel on Farcaster.
Ranking Criteria: You will earn points if you are in the top 500 users or if you are ranked between 501 and 2000 and have received tips from a top-ranked user (ranked 500 or below) in the last 5 days.
Note: The term "points" used in this algorithm is for internal purposes only and does not directly equate to the number of $RARE you will receive. The actual amount of $RARE you get may vary based on these points.
Competition Among Users and Fair Distribution System
The SuperRare tipping program is designed to ensure that even users who are not in the top ranks have a chance to compete and receive a fair share of the allowance. Here’s how the system handles competition and fairness:
Opportunities for All Users: Even if you are not in the top 500, you can still earn significant allowances by receiving tips from top-ranked users (those ranked 500 or below) in the past 5 days. This means that users in lower ranks also have the chance to earn substantial rewards by being active and engaging with top users.
Fair Distribution: The distribution of points is based on logarithmic and exponential scales. This ensures that while more active and engaged users earn more points, no single user (including high spenders or "whales") can dominate the distribution. The logarithmic scale is used for USD-based points, while the exponential scale is used for channel rank points. This design ensures a fair allocation of allowances among all users.
Conclusion
The SuperRare tipping program uses a fair and competitive algorithm to allocate allowances based on your activities and interactions on the platform. The system is designed to give all users, even those in lower ranks, a fair opportunity to participate and earn allowances. By staying active and engaging with the community, you can make the most of this program and be recognized as a notable user in the SuperRare ecosystem.
An exciting and unique aspect of the Rare community is its supportive feature, which sets it apart from many other distribution platforms. According to the new algorithm, artists have the opportunity to support their community by creating sharing opportunities for others. By participating in these events, artists can help elevate work that might otherwise go unnoticed, fostering a collaborative environment. This system allows artists to leverage their Boost factor and periodically offer sharing opportunities, thus reinforcing their commitment to supporting fellow creators. It’s a powerful way to both showcase your own art and contribute to a vibrant, supportive artistic community.
We hope this detailed explanation answers all your questions and provides a clear understanding of how the algorithm and program work.
If you need more details, the page below is always updated when new changes are made.
https://help.superrare.com/en/articles/9274364-rare-tipping-faq#h_31df49d3f6
