For a long time we have sat with the question…. What will motivate the broader ethereum ecosystem to fund public goods?
We are extremely excited to announce the PG sweepstakes, one of the biggest experiments to launch with Octant to date. Why is it significant?? Because we are thinking really BIG in terms rewards that our community can win! Significant enough to where anyone, public goods maxi's or not, will be motivated to participate.
Anyone who funds public goods in Octant, even with very small amounts of their rewards, are eligible to win. Opting into the sweepstakes will be a two step process:
We will be combining your donations with the points acquired from Guild, together that will create a specific weight. The more you donate, and the more points you acquire, the more likely you are to win. The formula for winning will be your weight divided by the total weight of all eligible participants.
We’ll be announcing the winners on our Discord! Make sure you have marked your calendars for Tuesday November 5th at 10am PST. During our regularly scheduled bLockparty, we’ll be hosting some of the normal activities that we do during these calls, and then having a special event towards the end of the call to draw the winners LIVE!
I was one of the winners, what happens next?
It’s important to understand that these tokens will not be released immediately. Instead, they will be locked within Octant for a 1 year period. These are your tokens, and so you will be earning rewards in Octant from these tokens. We will also be confirming that each of the winners understands exactly how this works, as full transparency is really important here.