The RATE economy

Distribution Mechanisms

There are several ways in which rewards are used to incentivize behavior and guide certain actions:

• Rewarding users who check-in

• Rewarding users who post reviews

• Stimulating the weRate economy by giving occasional boosts to earnings

• Allowing more earnings when Bohemians reach higher levels

• Incentivizing ownership of multiple Bohemians with higher rewards

• Rewarding upvotes

• Funding contests

• Leaderboard prize pools

Removal Mechanisms

To reduce negative pressure on token price, demand characteristics are built into the $RATE ecosystem. This will allow for a balanced economy. Drivers that fuel $RATE demand/removal are:

• Levelling your Bohemians

• Restoring your overall Health

• Less earnings when reviewing and checking-in to:

  • The same venue

  • Frequently visited venues

  • Venues that don’t match Bohemian Speciality

• Reported reviews

• Platform fees

• Bohemian customization (coming soon)

• Buying in-app items

• Improving the Status of your Bohemians when unlocked

• Allowing businesses to participate in our ecosystem with:

  • Becoming a Verified Venue (VV)

  • Push notifications

  • Marketing campaigns

  • Loyalty programs