Meta #34 - XP & Seeds
Meta #34 - XP & Seeds
Chainlog, Seeds minted, traded & explained.
⛓️ Chainlog 📜
The new podcast episode is live! MetaView #9 - Owocki of Gitcoin on Public Goods Funding, Onboarding & Rewarding Systems.
The Wiki continues receiving a stream of updates. After a full remake of the intro, roadmap & how to play - main navigation page receives a major facelift. 👇
mZ writes up a bunch of proposals up on the forums. Proposal #0: Minimum Viable Proposal Procedure, Proposal #1: Cap Issuance Rate of New Seeds & Proposal #2: Treasury Seed Buy Back Policy - go share your thougths.
Based on popular demand on clarity about the XP & Seed system, the post has been rewritten from ~750 words down to ~450, now with much more clarity. 👇
The new Seed Market has been live running for ~5 days now with up to $22.4k liquidity - not bad for an ~$80k marketcap token!
The minting of the next batch of Seeds is underway!
A few more people lose their player status 😬.
Note:
Don’t forget to plant & water your Seeds. 🙏
Go check it out?
❓❓❓ Quests ❓❓❓
If you’ve been chillin’ on the sidelines for long, its time to signal your alignment.
Want MetaGame to succeed?
Want to be/stay a part of the 300 of MetaGame?
❓ So choose your path!
a) Get active on Discord, start doing things & keep your Player status.
b) Stay passive but start accumulating Seeds & get your Patron status.
⚔️ Active Path
💦 Water the crops - The new Seed market is live! Needs a bit of liquidity :)
📣 Shilleth - The wiki looks damn pretty now & the new onboarding system is in place. Help get more people into MetaGame by any means necessary.
🧠 Learn or Teach - We need more knowledge to spread! Go to the #🧠-brain-exchange channel and post “I want to learn X” or “I can teach someone Y”.
🎨 Awardesign - We’ll be minting achievements for the Meta & the wider Ethereum ecosystem - need a design for the “Doer of the Month” achievement.
🛠️ MyMeta Cards - The cards look weird, stretching out like they’re not supposed to. Check the issue & fix them.
🏛️ Tread The Forums - Forums are a crucial place for curating useful information - but very quiet lately. Go reply to mZ or start your own thread.
🚨 Speak up! - We need more people suggesting improvements & speaking up for what sucks in MetaGame. Do that in the #🚨-issues-n-ideas channel.
🏥 Help Others - Go help someone! May be a fellow metagamer or it maybe a a fellow stranger - any philantropic or ecological cause out there.
Open Role:
✒️ Scribe - We need someone to take notes at our weekly Inner Circle &/or Community Gathering calls.
After completing any of the above quests, just go to the #😇-did-a-thing channel, tell us about your quest & claim your reward.
Without further ado, for those still unclear on how the system works… 👇
🧬 XP & Seeds 🌱
Note: We have been running this experiment for almost a year now & I think its fair to say that it works. Its almost time to write the full “minimum viable stack” post so that others may replicate our model.
XP is earned by doing things that the community finds valuable.
Seeds are tokens, minted proportionally to the shares of XP gained.
📊 How does XP work?
Whether it’s completing random quests, sharing things on Discord, writing useful stuff on Discourse, or laying down code on GitHub - your XP is automagically being accrued.
It’s calculated by a system called Sourcecred, which tracks whatever is happening on Discord, Discourse & Github, then spits out numbers based on PRs, references, emojis, props given and a bunch of other, super-granularly-adjustable parameters.
Wait, you leave all the value allocation to an algorithm? 😱
Of course not! Although it does do a pretty damn good job, we regularly review the numbers to make amends for what’s missing or isn’t properly accounted for.
🌱 What about those Seeds?
Seeds are the Phase I token. Its sweat equity, its currency, its whatever you want it to be. Once a month, players of MetaGame receive their Seed tokens.
Seeds may only be created through earning XP; meaning, all the Seeds that are available for sale have been created by past work - not the promise of future work.
One thing to note is that the system optimizes for long-term value creation & alignment. You might create something but end up feeling disappointed with your numbers - despair not! As more people find your work valuable over time, build on top of it or reference it - your value accrues.
📈 WTF is the Seed Market?
Seed Market is the place where Seeds switch hands between the players who created them, and the patrons, who wish to support MetaGame financially.
Because the Seed Market runs on Balancer, an automated market maker, it requires a supply of both Seeds and Ether - so we encourage all Seed holders to plant & water their Seeds.
⚔️ What are Seeds for?
Right now, you just need to hodl a certain amount to stay a member of the community and qualify for the 300 of MetaGame. Other than that, some players are accepting Seeds as payments for services & the Token Engineering community is accepting Seeds for their token engineering course.
Longer term:
Membership dues paying, not just holding.
Staking for guilds & new players.
Speculating on the direction & priorities of MetaGame via boosting.
Any MetaGame’s goods & services, such as: items, premium features, early access to builds, promotion, creation of quests etc.
Goods & services offered by players & guilds.
Resources
More about the XP (cred) system? Check out Sourcecred.
More about DAO token minting? Check out Aragon.
More about making tokens liquid? Check out Balancer.
Onwards! 🐙
The last Community Gathering was pretty damn interesting! We welcomed Magenta & Joshua, and they shared some of their brains. Magenta talked about the DAO-before-DAOs, Bloom Network, and Josh, about math. Josh & Zargham then proceeded with blowing our minds talking about different branches & kinds of mathematics. 🤯
Maybe join the next Community Gathering? We’ll be hanging out, welcoming new members, answering questions and whatnot 🙃
Friday @ 10am PST / 1pm EST / 5pm UTC / 7pm CET / 10:30pm IST