ONTACT PROTOCOL EN
  • SUMMARY
  • Challenges in existing IoT Market
    • Data Sovereignty Issues
    • Personal Information Leakage Problem of Centralized Companies
    • Problems in Data Storage Process
  • Experiments to Realize Data Sovereignty
    • Decentralization
    • Decentralized Storage System
  • Ontact Protocol Solution
    • The Concept of Development
    • Decentralized Personal Authentication and Data Management
  • Use Cases of DIA & DPS
  • Ontact Protocol Ecosystem
    • Multi-directional Data Ecosystem Establishment
    • Ecosystem Expansion
    • The Strengths of the Ontact Protocol
    • Reward System using Tokens
  • Ontact Protocol Token
    • Token Information
    • Token Allocation
    • Tokenomics
  • Roadmap
  • Legal Disclaimer
  • Channels
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  1. Ontact Protocol Ecosystem

Reward System using Tokens

An effective reward system is an essential element of building a healthy ecosystem. The current system is an unreasonable system in which a small number of companies with data monopolize a huge profit for holding data. We will build a fair and efficient ecosystem by improving the current irrational structure through an effective reward system.

All participants (individuals, companies, organizations, etc.) of Ontact Protocol have to clarify the scope and purpose of use of the data produced by others before accessing them. In addition, clear rewards should be paid for data provision. Because of individuals who have produced data receive reasonable rewards according to the quantity and quality of data, they will recognize the value of data, and at the same time, will be motivated to share better data and receive more rewards.

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Last updated 2 years ago