Economic Incentives

To incentivize user participation and contributions to the ecosystem, PowerU has designed various economic incentive measures targeting different ecosystem participants:

1. Early investors of $POCO tokens - Early Bird Staking Pool

The Early Bird Staking Pool is exclusive to a select group of investors who participated in the Presale and IEO (investors holding no more than 1% of the total token supply). The pool has a maximum duration of 2 months.

Early investors can stake their $POCO tokens in the pool and receive corresponding token rewards based on the duration and amount of their staking, thus gaining additional venture rewards.

2. Early investors of LIWA NFTs - License Staking Pool (Mining with License Staking)

Through holding LIWA NFTs, investors can participate in staking mining with Mining Licenses. This incentive mechanism adopts a Proof of Stake (PoS) approach, where the longer and more Mining Licenses are held, the higher the rewards received.

It is worth noting that the License Staking Pool is only available during the first 18 months of LIWA's launch. It provides an additional economic reward mechanism for LIWA holders during the early stages of PowerU's ecosystem development, when the number of energy-sharing devices is limited, and user habits are gradually cultivated.

The purpose of this economic incentive measure is to encourage investors to hold and participate in the ecosystem's staking mining, thereby increasing the value and scarcity of LIWA NFTs. During the first 18 months of LIWA's launch, investors have the opportunity to earn additional income and gradually increase their mining efficiency as the ecosystem develops, providing greater returns for investors.

3. Energy-sharing device suppliers, operators, and investors - Revenue sharing from shared orders

Cost bearers or owners of energy-sharing devices can independently set user prices within a certain range and receive a significant portion of the user order payments to achieve profitability and increase investment returns. This economic incentive measure aims to maintain the stable operation of the ecosystem and provide quality services.

4. Energy-sharing device suppliers, operators, and investors - Mining by valid orders (Share to Earn Mining Pool)

By holding both Mining Licenses and energy-sharing devices, users can bind their Licenses to the devices and earn $POCO rewards from valid orders. This incentive mechanism can be understood as a Proof of Work (PoW) mining model. The mining process is similar to a combination of a mining license and traditional mining machines.

5. Users of energy-sharing devices - Random rewards or task-based rewards

When users rent or use energy-sharing devices to complete order payments or other tasks, they have the opportunity to receive rewards in the form of $POCO, LIWA, or other assets. When designing this incentive mechanism, PowerU focuses on gamification to cultivate users' active participation and habits in using energy-sharing devices, increasing user engagement and fun. Users can withdraw the crypto assets they earn after meeting certain conditions, which will encourage them to become Web3 users and participate in a broader crypto-economic system.

6. Future

As the PowerU project develops and the ecosystem thrives, we will introduce more incentive mechanisms to incentivize and reward various participants. These may include providing economic rewards to developers and maintainers who contribute to the PowerU BoT application chain, as a token of gratitude for their contributions to the ecosystem, and offering tradable carbon credit certificates to participants in the PowerU ecosystem to encourage them to take more environmentally friendly actions. These incentive mechanisms will continue to enhance the sustainable development of the ecosystem and bring more economic rewards and benefits to participants. We will continuously explore and refine various incentive mechanisms to ensure the prosperity and attractiveness of the PowerU ecosystem.

Last updated