The Contribution Economy

Centralized social networks have become outdated. Rather than rewarding those who are contributing the content that drives traffic and attention to the networks, they exploit them to increase their own advertising revenue and bottom line growth.

Gomezi operates under a new business model that fairly rewards users for their contributions to the network with revenue and expanded reach. Additionally, Gomezi provides content creators with the tools they need to successfully monetize their content independently with their peers. These tools include crowdfunding, paid subscriptions, ad revenue-sharing, tipping, peer-to-peer advertising and a proven contribution-driven reward system.

The implementation of crypto-tokens with the reward system allows users and developers to translate their time and energy into tokens that hold real, lasting value on the Gomezi platform. By coupling peer-to-peer monetization tools with a properly structured, incentive-based reward system, Gomezi has built a sustainable digital economy that effectively rewards the users who contribute the most to the network.

Gomezi will issue tokens for ongoing user and developer rewards. A predetermined number of tokens, based on the number of daily participants, will be rewarded at the end of each day as a Daily Reward Pool. An individual’s daily contribution will be determined by how much they contributed to the network that day relative to the entire community. This percentage will then be applied to the Daily Reward Pool to determine each individual’s daily token grants.

All contribution rewards will be deposited into a recipient’s OffChain address, located in their Gomezi wallet. Users will maintain the ability to withdraw these tokens from their OffChain address into their OnChain address. Users wishing to transfer their tokens to their OnChain address will be required to pay a small ETH transaction fee to cover the gas usage of the payout.

The specific weighted scores for each contribution can be found in the addendum attached at the end of the whitepaper. Gomezi maintains the right to alter these scores, as it is essential to maintain flexibility with the scoring system in order to ensure that the system is fair and can evolve with the network as it grows.