From the 24th of July, we let our most active users earn ETH for sharing great content on Kiwi. Since yesterday we have already paid out money to our users 5 times, distributing 0.00378 ETH.
How does it work
Kiwi earns revenue when someone mints a Kiwi Pass.
We take part of this revenue and distribute it among the most active users.
At the moment, the Kiwi Pass price is 0.0319 ETH ($10.06). 0.002 ETH goes to the Kiwi treasury, and the rest is split among the TOP10 most active users, based on the karma score they generated last week.
On web2 social networks, users generate the most value, but they don’t get (directly) paid.
On Kiwi, our community curates the feed. We observed that the better content we have, the more new users come, and we want to reward the community for their efforts. Even if the sums shared are (for now) symbolic.
How to earn Karma
TLDR: Submit great content to earn Karma.
Every Kiwi user can collect Kiwi Karma, that is bound to their wallet address.
There are two major ways to receive Kiwi Karma:
submitting links (1 Kiwi karma point per link),
receiving upvotes (1 Kiwi karma point per upvote received).
So if a user submits a link that gets 0 upvotes, they receive 1 karma point. If a user submits a link that gets 9 upvotes, they receive 10 karma points - 1 for submitting a link and 9 for upvotes.
You can check every user's all-time Karma score by clicking on their profile. You can find users' profiles in the Community section.
The split takes into account only weekly scores, not the all-time ones. So, even if you are a new user, you can earn some ETH. We will soon add the leaderboard that will track the users’ weekly Karma scores.
Comment from our community
"Ping, ping - wallet notifications. You always hope it’s good news, I’m having them on for a reason.
Last days tiny amounts of ETH on OP started arriving - block explorer says Kiwi Pass! It’s always fun to be on the receiving end. It reminds me of my validator notifying me it proposed a block at slot for xDai execution reward. So I think the new Kiwi Rev Share feature feels very aligned with blockchain culture.
On the other hand it is not the small financial incentives why I like hanging out at Kiwi News. With your Kiwi Pass you enter a great community deeply involved with thinking about and discussing crypto and tech news."
mishaderidder.eth
FAQ
Q: How it’s different from airdrop points?
A: With each link shared on Kiwi, you build your karma score. But - contrary to typical airdrop points - there’s no arbitrary “Airdrop day.” The moment someone mints an NFT, you automatically get ETH sent to your wallet address.
Q: What happens if no one mints a Kiwi Pass in a week?
A: This means that no one gets paid. Thanks to that, there’s no incentive to farm karma with low-quality submissions. If people spammed Kiwi, they wouldn’t get any money because new users wouldn’t mint the NFT to use the app full of spam.
Q: What if people treat these mechanics as PvP and stop upvoting each other’s posts?
A: We believe that our users genuinely care about the app plus the sums shared are too trivial to impact their behavior that way.
Summary
Since Day 1, we distributed 10% of our revenue (over $11k) to people who helped Kiwi - built dashboards, shipped code, advised us, and so on. Now we want to also share some revenue with the curators.
We treat the current split as v1 - we might iterate on it to lead to better content and more users on Kiwi. If it works, and at one point we make Kiwi subscription-based, this could lead to very interesting results!
If you have any questions, feel free to ask @timdaub or @macbudkowski.
