pMokoo Points
What is pMokoo?
pMokoo is a centralized points system designed to reward Mogaokoo users for their contributions.
How is pMokoo rewarded?
- pMokoo follows the same GMV reward mechanism as Mokoo. GMV reward model (Model) is the mathematic algorithm which takes the Gross Merchandise Value (GMV) contribution from a verified user activity as input and calculates pMokoo rewards for the activity.
- Gross Merchandise Value (GMV) is the monetary value of a verified user’s activity. Some activities have a direct contribution to GMV, such as sales and tipping. Some have indirect contributions, such as referral, and preassigned GMV by the platform. All verified activities and their GMV are maintained in the GMV index table (GMVI).
- The model assumes $1B is the ultimate accumulated GMV target for the platform.
- The model considers every $1M accumulated GMV as one ePoch. Given $1B GMV target, there are totally 999 ePochs in the model and the first $1M accumulated GMV is called ePoch 0.
- pMokoo total supply is 1.5B, which is from the community allocation of Mokoo token.
- Unit Reward is pMokoo reward per $1 GMV. Unit reward in every new ePoch gradually reduces but never reaches 0. In ePoch 0, unit reward is 10 pMokoo per $1 GMV.
- For each verified user activity, the rewarded pMokoo rewards will be allocated between the user who initiates the activity and the creator who owns the work. For example, the rewards for license sales is split between the buyer and the creator.
GMV Reward Formular:
pMokoo per $1 GMV = [Initial Unit Reward] * EXP( -0.000000003 * [Accumulated GMV] ) * ( 1 - [Accumulated pMokoo Rewards] / [Total pMokoo Supply])
How can I earn pMokoo now?
You can earn pMokoo now by purchasing a non-free work, claiming a free work, or tipping on any work.
What can i do with pMokoo?
Currently, pMokoo holders cannot do much with pMokoo as we are building out the decentralized governance mechanism of the platform. pMokoo will be converted to Mokoo tokens during the future Mokoo Initial Coin Offering (ICO) event.