Coordinape 🌊🏆
- Coordinape 🌊🏆
- What's Coordinape?
- How does it work?
- Who to gift?
- During an Epoch
- Opting Out
- Should I join? How can I join?
- What are uGMI tokens?
- Useful Links
What's Coordinape?
Decentralized Payroll Management for DAOs
Coordinape is a platform for DAOs to incentivize and reward contributors. DAOs usually have no HR department or fixed salaries, so the decision making is moved to the community.
Offers valuable insights about:
- What kinds of work is prioritized
- What the community finds most valuable
- Who are the key contributors in different areas
Enables everyone in the community to:
- See who is working on what
- Find opportunities for collaboration
- Reduce duplication of effort
How does it work?
Coordinape is currently off-chain. There are no gas fees involved. GIVE tokens alone have no worth and are only from imaginary value. GIVE has no value if it is not given to another Circle member.
Coordinape runs in epochs: periods of time in which contributors can send each other GIVE tokens. At PoolTogether epochs are 14 days.
Each member of the Coordinape circle are allocated 100 GIVE tokens, which they can freely distrubute to other contributors during the epoch.
All GIVE tokens of all contributors in the circle combined represent the total budget allocation. When the epoch ends all un-given GIVE tokens are “burned”, increasing the per token-worth of the given GIVE tokens.
The GIVE each member has received will be exchanged for a pro rata amount of the epoch’s budget and distributed via Collab.Land in form of uGMI tokens (find out more below).
Who to gift?
The purpose of the gift circle is to reward all the ways value is brought to your DAO. Over the course of the epoch, each member should allocate their GIVE tokens to other members using whatever logic that makes sense to them with the goal of making sure valuable contributions are recognized and compensated as accurately as possible.
The goal is not to share money equally, give from obligation, or to pay people for spending time within the community (unless you think that is valuable). The goal is to reward valuable contributions. If someone doesn’t get any GIVE tokens, that’s OK. Maybe they were busy that month? Or maybe they aren’t bringing value. There is nothing wrong with that.
Use your own judgment in allocating GIVEs. In general, give them when you have first-hand experience of people creating value. If you are working with someone on a project and you think they did a good job, allocate some GIVEs.
Try not to allocate GIVEs based on who is “supposed” to get them, or based on hype. Give them where you see value happen. Give them to people that help you or PoolTogether. Don’t worry too much about getting the numbers right, go with your heart.
During an Epoch
- Go to https://app.coordinape.com
- Opt in / Opt out for the current epoch
- Share what you’be been doing in "What you have been working on”
- Creates opportunities for collaboration
- Rreduces duplication of effort
- Transparency about other compensation channels
- Allocate your GIVE
- Consistently allocating small amounts works better than trying to remember and allocate it all at the end of the epoch
- Leave a note as well, they seem to have a far bigger impact than actual incentives
Opting Out
Members can also opt out if they receive funding elsewhere, allowing them to send GIVE but not receive it.
Should I join? How can I join?
If you are actively participating in our community someone should ask you to join Coordinape. If that hasn’t happened yet and you feel you should be a part of the circle that’s fine! Don’t be shy to ask in #coordinape for someone to add you to our circle.
