The Magic Club Marketplace utilizes "reward points" to measure user contributions within the ecosystem and offers weekly rewards in the form of Magic Club Token (MCT). User contributions on the Marketplace platform are evaluated through two reward pools.
The buying and selling of NFTs serve as the most important metric on the Marketplace. Reward points are allocated to both buyers and sellers based on the transaction volume, proportional to the amount (KRW) involved in the transactions.
TRi = Rewards pool for user i in week n's trading activity
Tn = Rewards pool for week n's trading activity
TPi = Reward points for user i's trading activity in week n
TPt = Total reward points for trading activity in week n
Social Activity Pool
For community engagement within the platform, the following reward points are given:
- Referral: 25 points
- Minting: 3 points
- Likes: 1 point
- Comments: 1 point
SRi = Rewards for user i in week n's social activity
Sn = Rewards pool for week n's social activity
SPi = Total social activity reward points for user i in week n
SPt = Total social activity reward points for week n
Reward point distribution will be based on the Magic Club Points(MCP) policy during the beta testing period, and the details will be announced.