Introduction
BUILD is a unique token within the Base network designed to recognize and reward onchain builders through a social game involving peer nominations. This 100% community-owned project emphasizes the contributions of undervalued builders, with no team or investor allocations.
Peer Nominations: Participants receive a daily budget of BUILD points to donate to three builders. This gamified approach ensures active community participation and recognition of valuable contributions.
Token Conversion: The points collected through peer nominations will convert into $BUILD tokens in June, providing tangible rewards for the builders’ efforts.
Community Ownership: BUILD is entirely community-owned, highlighting its grassroots approach to recognizing and incentivizing contributions within the blockchain ecosystem.
Daily Points Allocation: Each participant gets a daily allowance of points, which they can distribute to three builders they deem deserving. This process fosters a culture of appreciation and mutual support among developers.
Token Distribution: The points earned by builders will be converted into $BUILD tokens, offering a monetary incentive for their contributions. This conversion is set to occur in June, ensuring a structured and fair distribution process.
BUILD is a pioneering initiative that leverages the power of community to recognize and reward onchain builders. By fostering a supportive and appreciative environment, BUILD not only incentivizes valuable contributions but also strengthens the overall blockchain ecosystem.
For more information, you can visit the BUILD website and the BUILD FAQ.
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