💧$DREAM Airdrop Seasons

Gamifying Incentives

$DREAM Airdrops:

Airdrop Season 1 is live, with announcements to follow about the specifics for XP Points accumulation and how these will be transformed into claimable $DREAM tokens. For now, please be aware snapshots have been taken, snapshots will continue to be taken, and early supporters of the Leaderboard development will be rewarded for their participation. #DreamTime.

Why Airdrops:

We all witnessed what took place when Blur introduced a token tied to specific user incentives onchain. By employing data-driven analytics, we can see what worked well, what didn't work quite so well, and continually refine user acquisition to the DREAMBYT3 marketplace. And with the team's foundational focus on sustainability, an example of which is using the veToken model, the ability to retain those users on the DREAMBYT3 marketplace grows exponentially.

We asked: what if we could break down Blur's algorithm, and use Machine Learning to dramatically improve the effectiveness of the incentives being offered?

What we ended up with is the DREAMBYT3 Airdrop Seasons Formula, of which there will be 3 Seasons. In total, the Airdrop Seasons will end up comprising a majority of the entire $DREAM token supply allocation. As a concrete example, have a look at how we've optimized Season 1 for building marketplace NFT liquidity while also encouraging a healthy supply of the $DREAM token liquidity onchain.

Blur used 4 primary factors in accumulating Points, in addition to those 4, we identified 3 specific areas to that make logical sense for improving upon the Blur formula. These additions will allow users to earn additional XP Points in an even more economically aligned format between the marketplace and users, which is always our goal - finding new avenues for sustainability. Like Blur, we will operate a 24 hour rolling leaderboard, with a new round set to begin every 24 hours at 00:00 UTC. DREAMBYT3 Algorithm Innovations:

1. Trading Frequency, rewarding users based on the frequency of their trades.

2. Loyalty Decay, introduces a decay factor for loyalty.

3. veDREAM Boost, rewarding users based on the amount of veDREAM tokens they have staked in proportion to the total veDREAM tokens in existence.

// The DREAMBYT3 Airdrop Algorithm Design Adds 3 New Factor When Calculating XP Points

Risk_j: Encourages users to place riskier bids.
Time_j: Rewards users for the time their bids are active.
CollectionActivity_j: Emphasizes collections with higher trading activity.
ItemIncentive_j: Incentivizes specific items within collections.
TradingFrequency_j: Rewards users based on the frequency of their trades.
Loyalty_j: Introduces a decay factor for loyalty.
Boost_j: Rewards users based on the amount of veDREAM tokens they have staked in proportion to the total veDREAM tokens in existence.

Blur Algorithm = XP_j = k1 * Risk_j + k2 * Time_j + k3 * CollectionActivity_j + k4 * ItemIncentive_j 

DREAMBYT3 Algorithm = XP_j = k1 * Risk_j + k2 * Time_j + k3 * CollectionActivity_j + k4 * ItemIncentive_j + k5 * TradingFrequency_j + k6 * Loyalty_j + k7 * Boost_j

Season 1

Season 1 will be largely about creating momentum for DREAMBYT3 and showing NFT users that not only is there a sustainable NFT marketplace that has been built, but also that they can be rewarded in a potentially significant way by trading on this marketplace.

Season 2

Will begin after Season 1, and will incentivize different onchain actions and outcomes as the DREAMBYT3 marketplace matures and establishes a strong moat in the NFT marketplace arena.

Season 3

Season 3 will be the longest lasting, and will also comprise the largest allocation of $DREAM tokens, refined and designed to be delivered to the most loyal DREAM DAO community members.

$DREAM