The Glory System
Regulates Secondary Distributions ( the ones that end up in your wallet )
Last updated
Regulates Secondary Distributions ( the ones that end up in your wallet )
Last updated
Glory Points are an internal unit of measurement of our systems that ultimately determine individual shares of public distributions of revenue (Secondary Distributions) of CryptoArena.
All Users earn glory points from all fee-bearing activity (e.g. trading).
This is a weighted model measuring individual contributions to the network, and taking into account various factors like volumes traded, profitability, continued performance, cooperation, and more. This system is designed to establish a ranking of the Users producing value for the network in each period for the purpose of distributing revenue.
The points you accumulate are tallied at the end of each period into a Score, this is a measure of your performance and contributions to the network, within a specific span of time.
Then your Score is compared to that other qualifying Users to determines the individual share you receive from that period's platform revenue distribution: the higher your score, the more % you'll get from the next distribution. Scores reset after each distribution.
All payouts are in monthly arrears. This means if you earn a share of January's distribution, it's accounted in February and disbursed in March; February is paid in April, March in May and so on.
Users compete with one another for the highest monthly score, to earn the largest share of the platform's revenue distributions fund. And as they compete, they create exponentially more value for the network, which in turn grows the next period's payout of revenue distributions.
