Avalanche is going to use Social Mining to advance its community and attract a more decentralized product expansion.
Social Mining is the most advanced resource to convert any tokenized ecosystem into a Decentralized Autonomous Organization (DAO).
To participate in Social Mining, a project’s stakeholders and community members sign-up on a designated community dashboard. After the simple onboarding process, each community member has the opportunity to add value to the project, whether it be through a simple retweet of the project’s most recent announce or by creating a supplementary software that eases the use of the development, i.e. a blockchain scanner for a native token.
Whenever a value-added task is done, it can be documented on the dashboard. The Social Mining dashboard pulls all reported work into a news feed that is presented to all members of a community, who validate the authenticity of each reported work and then decide on how much value said task generated. Subsequently, each reported work is paid project tokens based on the amount of points the reported work received in proportion to all the points given in a reward period.
Avalanche Hub is a community growth platform building an inclusive environment for all aspects of Avalanche. From expansion efforts to open-source development, members directly contribute to vital research, education, and engineering initiatives to earn Avalanche tokens ($AVAX).
Try to do something useful and necessary and get an reward for it.
Now you can use Avalanche points to redeem Avalanche Hub X (AHX) tokens on the Avalanche Hub marketplace. AHX tokens are non-transferable ERC20 tokens granted through Avalanche Hub and redeemable in a 1:1 ratio with Avalanche tokens ($AVAX) after the mainnet launch.
The tokens will be redeemable for eligible participants who complete the KYC process and match the lockup schedule of the private seed investors.