In the rapidly evolving landscape of blockchain and data ecosystems, incentive mechanisms play a crucial role in driving user engagement and fostering community growth. At Codatta, we’ve developed a robust system centered around Points, our native reward token. In this engineering blog post, we’ll dive deep into the Codatta Points system, exploring why it matters and how it works.
Why Points Matter
- Contribution Metrics: Points serve as a quantifiable measure of a user’s contribution to the Codatta ecosystem. They reflect the value each participant brings to our platform, whether through data provision, curation, or other forms of engagement.
- Future Airdrop Eligibility: One of the most exciting aspects of our Points system is its direct link to future token airdrops. As we progress towards our Token Generation Event (TGE), Points will play a crucial role in determining eligibility and allocation for our future token airdrop.
- Scalable Rewards: There’s no upper limit as to how many Codatta Points one user can earn. This design choice encourages continual engagement and allows users to accumulate value in proportion to their contributions over time.
- Ecosystem Alignment: By tying Points to various platform activities, we create a symbiotic relationship between user actions and ecosystem health. This alignment of incentives is crucial for sustainable growth and development of the Codatta platform.
How Codatta Points Work
- Earning Mechanisms: Users can earn Points through a variety of activities on the Codatta platform. These may include providing high-quality data, participating in data curation tasks or contributing to the platform’s development. The rewards are calculated in various methods.
For example, the data submission reward to users is calculated through an algorithm based on the novelty, consistency, and coverage of the submitted address, considering both entity and category aspects. Currently, pivot points are set at 200.
Novelty: Novel data contributes the most to the diversity of the system.
Consistency: The ratio of consistency with existing data.
Coverage: Whether the new data expands the coverage of a particular category of labels.
Activity and timeliness are also part of our future iteration plans.
- Flexible Usage: As our ecosystem evolves, we’re continually expanding the utility of Points. Current and planned use cases include:
- Staking for data confidence and additional rewards
- Participating in governance votes
- Accessing exclusive platform data
- Obtaining discounts on data purchases
- Value Accrual: The value of Points is designed to grow with the success of the Codatta platform. As we expand our user base and increase the volume of high-quality data on our platform, the utility and demand for Points are expected to rise correspondingly.
- Transparent Development: We’re committed to keeping our community informed about the future of Points. This includes regular updates on:
- New use cases and features
- Improvements to the Points earning and distribution algorithms
- Progress towards our TGE and how it will affect Points holders
- NFT Integration: In addition to Points, we’re developing a system of NFTs that will offer unique benefits within the Codatta ecosystem. These NFTs will have their own acquisition requirements and associated privileges, complementing the Points system to create a rich, multi-layered reward structure.
Engineering Challenges and Solutions
Implementing a robust and scalable Points system presents several technical challenges:
- Real-time Tracking: To ensure accurate Point allocation, we’ve developed a high-performance event tracking system that monitors user actions across the platform in real-time.
- Fraud Prevention: Our engineering team has implemented advanced algorithms to detect and prevent fraudulent Point accumulation such as robots or sybil, ensuring the integrity of our reward system.
- Scalability: As our user base grows, so does the demand on our Points infrastructure. We’ve designed our backend using microservices architecture to ensure seamless scalability.
- Smart Contract Integration: In preparation for our future token integration, we’re developing smart contracts that will govern the relationship between Points and our upcoming token distribution.
Conclusion
The Codatta Points system is more than just a reward mechanism — it’s the backbone of our ecosystem’s incentive structure. By aligning user actions with platform growth and providing tangible value through future token allocations, we’re creating a sustainable model for collaborative data ecosystems.
As we continue to refine and expand our Points system, we invite our community to engage with us, provide feedback, and help shape the future of Codatta. Together, we’re building a more efficient, equitable, and valuable data economy for all.
Stay tuned for more updates on Codatta Points and our upcoming features!
Meet Codatta
Codatta is a decentralized platform and community that connects data contributors — from everyday users to expert annotators — with AI companies to drive AGI development. Codatta is currently engaged in diverse annotation verticals in multiple domains, including crypto annotation, healthcare pathology annotation, and robotics annotation. It also offers tailored solutions to meet unique business needs.
