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https://github.com/degenbuilder7/thena-points-system


https://github.com/degenbuilder7/thena-points-system

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README 

        
# Thena-Points-System



# Detailed Proposal for THENA Points System



## Overview

The proposed points system for THENA Arena aims to incentivize and reward users for their engagement on the platform. Key activities to be rewarded include active trading, liquidity provision, and participation in platform activities, as well as off-platform engagements like the Zealy initiative. This system is designed to foster a sense of community, promote comprehensive engagement, and enhance the network effect of ARENA, particularly to onboard and retain non-BNB chain communities.



## Objectives

1. **Incentivize Participation**: Encourage active user engagement through trading, liquidity provision, and other value-adding activities.

2. **Reward Comprehensive Engagement**: Recognize and reward both on-platform and off-platform contributions.

3. **Promote Community Growth**: Foster a sense of belonging and support for platform growth.

4. **Enhance Network Effect**: Onboard and retain non-BNB chain communities.



## Technical Specifications



### Point Allocation Mechanism

1. **On-Platform Activities**:

   - **Trading**: Points are allocated based on the volume of trades executed. Higher trading volumes yield more points.

   - **Liquidity Provision**: Points are awarded based on the amount and duration of liquidity provided.

   - **Participation in Governance**: Users participating in governance activities such as voting in the Gauge Weight Voting mechanism earn points.



2. **Off-Platform Activities**:

   - **Zealy Campaigns**: Participation and achievements in Zealy quests and other off-platform campaigns are tracked and rewarded with points.

   - **Social Media Engagement**: Points for promoting THENA on social media platforms (Twitter, Discord, etc.).



### Integration with Off-Platform Activities

- **Zealy Integration**: Utilize Zealy's API to fetch user data and quest completion status.

- **Social Media API Integration**: Connect to Twitter and Discord APIs to track user engagement and validate activities.



### Scalability and Security

- **Scalable Architecture**: The points system will be built using scalable cloud infrastructure, capable of handling a growing user base.

- **Security Measures**: Implement robust security protocols to prevent fraud and abuse. This includes monitoring for suspicious activities and ensuring secure data transmission.



## Points System Design



### Points Calculation

- **Trading**:

  \[

  \text{Points} = \text{Trading Volume} \times \text{Trade Multiplier}

  \]

  - **Trade Multiplier**: A coefficient that adjusts points based on market conditions and trading frequency.



- **Liquidity Provision**:

  \[

  \text{Points} = \text{Liquidity Provided} \times \text{Duration} \times \text{Liquidity Multiplier}

  \]

  - **Liquidity Multiplier**: A factor that incentivizes longer-term liquidity provision.



- **Governance Participation**:

  \[

  \text{Points} = \text{Votes Cast} \times \text{Vote Multiplier}

  \]

  - **Vote Multiplier**: Rewards active participation in governance.



- **Zealy Campaigns**:

  \[

  \text{Points} = \text{Quests Completed} \times \text{Quest Multiplier}

  \]

  - **Quest Multiplier**: Based on the complexity and importance of the quests.



- **Social Media Engagement**:

  \[

  \text{Points} = \text{Engagement Actions} \times \text{Engagement Multiplier}

  \]

  - **Engagement Multiplier**: Rewards for social media activities like tweets, retweets, and Discord participation.



### User Interface

- **Dashboard**: Users will have access to a dashboard displaying their current points, activities contributing to points, and upcoming opportunities to earn more points.

- **Leaderboard**: A public leaderboard showcasing top contributors to foster a competitive environment.



## Prototype Demonstration



### Core Functionalities



1. **User Dashboard**:

   - Displays total points, recent activities, and detailed breakdown of points earned from various activities.

   - Users can view their ranking on the leaderboard and see upcoming point-earning opportunities.



2. **Integration with Zealy**:

   - Automatically fetches user data and quest completion status from Zealy.

   - Updates points in real-time as users complete quests.



3. **Social Media Tracking**:

   - Connects to Twitter and Discord APIs to track user engagements.

   - Awards points based on validated social media activities.



### Prototype Implementation



1. **Backend**:

   - **Database**: Stores user data, activities, and points.

   - **APIs**: Endpoints for fetching and updating user activities and points.

   - **Integration**: Connects with Zealy and social media APIs for data synchronization.



2. **Frontend**:

   - **User Dashboard**: Interface for users to view their points and activities.

   - **Leaderboard**: Displays top users based on points.



3. **Security**:

   - **Authentication**: Secure login for users.

   - **Data Validation**: Ensures data integrity and prevents tampering.



## Evaluation Criteria



1. **Innovation and Creativity**: The points system introduces a unique approach to incentivizing and rewarding user engagement, leveraging both on-platform and off-platform activities.

2. **Effectiveness**: The system effectively motivates desired user behaviors and supports platform growth.

3. **Feasibility**: Practical implementation within the ARENA ecosystem, utilizing existing APIs and scalable infrastructure.

4. **User Experience**: The user interface is clear, intuitive, and enhances the overall user experience.



## Conclusion

The proposed points system for THENA Arena is designed to comprehensively incentivize and reward user activities both on and off the platform. By leveraging innovative point allocation mechanisms, integrating off-platform activities, and ensuring scalability and security, this system aims to promote active participation, community growth, and the overall success of the THENA platform. The prototype demonstrates the core functionalities, offering a clear and effective way to engage and reward users.



---



### Next Steps

1. **Develop and Test the Prototype**: Build the backend, integrate APIs, and develop the user interface.

2. **User Feedback**: Conduct user testing and gather feedback to refine the system.

3. **Full Deployment**: Implement the points system on the THENA platform and continuously monitor its performance.



By following these steps, THENA can create a dynamic and engaging points system that drives user participation and contributes to the platform's long-term success.