⏳Introduction
Creator contests are an experiment in creating incentive systems for community creatives, builders, and artists via retroactive rewards. An eth/erc-20/erc-721 rewards pool is reserved for winners of periodic contests initiated by DAO admins. At the close of a contest submission period, DAO members vote on submissions to contest prompts and rewards are distributed according to the voting results.
Creator Contests will bring more builders to a DAO Community, drive positive engagement amongst existing members, and reward members for creating valuable content that benefits the entire community.
Motivations
Incentivize creatives/artists/builders with voting power or other rewards
Offer path to membership via proof of work which may otherwise be unattainable
Looking forward, it’s possible that the DAO membership costs (pfp / token) could price out constructive community members. Contests could be utilized to allow individuals to gain access by winning contests.
Gamify collaboration amongst community members
With various tunable contest parameters, the DAO leaders can create scenarios that incentivize participants to collaborate. This could surface as the creation of new community projects, proposals, and efforts.
Form a social graph that allows committee/project leads to steward creators into ongoing projects and potential contributor roles
As the DAO continues to grow and more concurrent projects are underway, project leads can reference prior contest results as talent pools to be more proactive about recruiting creatives to ongoing efforts.
Increase voter turnout
Theoretically, incentivising creators and ushering them into ongoing projects will, as a byproduct, turn them into thoughtful/honest governance participants if they aren’t already.
Balanced Incentive Structure
With various tunable parameters, the DAO has ultimate flexibility to create and test balanced incentive structures that can help grow and strengthen the community.
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