With the current community leader vacant, we need to visually represent who is most committed to this community.
Binance is the organization that is currently burning the Luna Classic the most. And why are other companies enthusiastically participating in this incineration?
That’s because there’s a parameter to see who’s burn LUNC the most.
The ranking system seems trivial, but it creates motivation for participants. The first place tries to maintain its position, and other companies also invest more to be ranked.
They are clearly credited with this ranking system and are honored and supported by the community as rewards for it.
Since the IBC became active, many people expect on-chain volume to become increase.
However, it is also necessary to aggregate which individuals or organizations are contributing the most, not abstract whole-body data.
It is a clear promotion of the transactions they make, and at the same time a means of taking credit to the community.
And beyond the simple ranking system, giving them an honorary medal should also be considered.
Generates trophy NFTs from 1st to 3rd and provides them to the holder of the wallet that caused the most on-chain transactions.
Other than that, you can consider a system that gives some special mark next to ID if he got Trophy NFT in his wallet. so that they can get different highlights when they write on Agora or propose a proposal.
Finally, by granting participation in the reward grant program, which is led by Edward Kim, we can be a little more decentralized in evaluating the assets of the community.
This proposal is an abstract proposal and can be proposed more specifically and clearly with the discussion of several people. And we also need to classify whether this participant is an individual or an enterprise. Individual liquidity cannot beat a company or an organization.
In addition to the ranking system, you may want to consider a rating system.
The system may be reasonable to operate on a quarterly or semi-annual season. (Ranking and cumulative data will be initialized at the end of the season)