🧑🏫Understanding Quest Rewards
By contributing to the proposed actions, you may be eligible to receive rewards. Discover how these rewards can be calculated.
❓What are the reward terms?
👉 The reward administrator can configure the payment as follows:
Payment Periodicity: weekly, monthly, quarterly, semi-annually, annually.
Associated time zone to ensure consistent periodicity calculation.
Minimum Eligibility Threshold: A minimum number of points may be required to be eligible for rewards.
👉 The budget can be defined in various ways:
Fixed Amount: Regardless of the number of participants, this fixed amount will be shared.
Fixed Amount Per Eligible Member: A fixed amount is multiplied by the eligible member count to form the total amount.
Fixed Amount Per Point: Each point can be worth a fixed amount.
❓ How are rewards calculated?
👉 Case 1: Fixed amount of 1,000 Meeds per week & threshold of 50 points
Out of 120 contributors, only 100 have a minimum of 50 points and are eligible.
Among these 100 eligible contributors, you have participated in actions up to 25%.
You will receive 250 Meeds for your contribution.
👉 Case 2: Fixed amount of 20 Meeds per eligible user, per week & threshold of 50 points
Out of 120 contributors, only 100 have a minimum of 50 points and are eligible.
The total amount will be 2,000 Meeds.
Among these 100 eligible contributors, you have participated in actions up to 25%.
You will receive 500 Meeds for your contribution.
👉 Case 3: Fixed amount of 1 Meeds per point collected, per week & threshold of 50 points
Out of 120 contributors, only 100 have a minimum of 50 points and are eligible.
Among these 100 eligible contributors, you have participated with a total of 350 points.
You will receive 350 Meeds for your contribution.
ℹ️ Only accepted contributions are considered in the Rewards Computing
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