Proof of Building

Hello, it’s Jacques,

I'd like to shed some light on an exciting concept that's gaining momentum in our ecosystem:

The Proof of Building.

What is PoB?

In simple terms, PoB is a mechanism designed to reward our valued builders based on their contributions to the network.

How does PoB reward distribution work?

The procedure is split into two pivotal stages:

1. Early Building Phase (February 1, 2022 - February 1, 2023)

During this time, our MVC LABS members play a crucial role.

Each member gets a vote to decide on the PoB reward distribution plan.

2. Post-mainnet launch.

Once our mainnet is launched and the MVC DAO is established, the DAO committee takes over. 

It will define the builder contributions based on various criteria: node development, research, infrastructure, publicity, and much more. 

The aim? 

To add value to MVC and realize our shared vision.

Who gets on the reward list?

The DAO committee takes the lead in formulating the list of deserving PoB reward recipients. 

Every ordinary member also has the chance to nominate candidates. 

In practice, rewards are allocated proportional to contributions, and a majority (over 60% of votes) is needed to validate the distribution.

What happens if no one gets rewarded during a specific period?

No worries! 

Undistributed rewards simply accumulate until the next distribution period.

We hope we've shed some light on the nuances of PoB for you. 

It's an exciting journey, and we're thrilled to have you on board.

Stay curious and let's build the future together!

JACQUES - SPACE EXPLORER

PS: Tell me about your project by DM https://twitter.com/Jacques_deBrie