Methodology
Community members compare projects and distribute points to express how much they value each one. Our algorithm aggregates thousands of these preferences into a community value for each project, which is a collective measure of what the community values most.
After determining the community value, the algorithm funds the projects that create the most value with the budget available.
How do we figure out how much the community values a project?
Each vote acts like a spring, tugging projects up or down. With hundreds or thousands of votes, the system stabilizes into a clear consensus, showing exactly what the community values most.
Watch how your vote influences project rankings and how it changes with the rest of the community voting.
Distribute 25 tokens among these 3 projects:
How do we decide which projects get funded?
Once we know each project's community value, we fund projects to maximize total value within our budget. We rank projects by value per dollar and select them in order until the budget runs out.
This means for instance that a small, focused idea with low cost can have a higher value per dollar than a larger project with higher cost.
The algorithm determines each project's community value based on the votes.
Project costs are considered along with their values. (Costs stay hidden while voting to focus on ideas first).
We score each project by its value-per-dollar.
Projects are funded in order of value-per-dollar until the budget runs out.
Project Rankings
Submit some votes to see rankings appear!
How do we prevent people from gaming the system?
We have built in several safeguards in the system so it’s hard to game and easy to trust. Each project is seen by many people, so individual mistakes don’t throw off the results. Because project proposals are assigned at random, no one can just choose to vote only on their friends' proposals. And to keep everything balanced, we run statistical checks in the background to catch anything that looks biased or inconsistent.