🪙Review to Earn

A typical guideline in web2 user review is that you are not allowed to write a review if a company has offered you an incentive. It is political correctness.

However, does it work in practice? Can those platforms have any effective way to check whether the reviewer received any incentive? The answer is NO.

Ironically, they ask the reviewer voluntarily disclose the incentives they received. The reality is that there are plenty of incentivized reviews everywhere in web2, even though platforms forbid and deny it in words.

We are going to challenge this long-standing custom. If there's no way for the platform to know whether the review has received incentives, we must acknowledge that they exist everywhere based on human nature. The forbidden is meanless and even causes erosion of trust, as what the platforms promise in words is obviously very different from reality.

We argue that it is inherently legitimate that user reviews should be rewarded and incentivized. From the perspective of web3, user reviews are data assets generated by users, which create value by helping people make decisions and build trust between people and businesses. It's unreasonable to make that value captured by readers, businesses, and platforms almost free while giving zero return to the value creator - the reviewer. A genuine user who writes reviews, whether positive or negative, 1 star or 5 stars, should have explicitly received some rewards.

So how can we decide who should get rewards? How many rewards do they get?

In web2, we cannot give feasible solution to those problems, which make the imagination above too ideal and unrealistic. However, with web3 on-chain data and infrastructure, the critical data we need is finally available, verifiable, and quantizable. A precise user review rewarding mechanism has become possible with a well-engineered tokenomics and verifiability. We named it "Review to Earn."

Where do the rewards come from?

There is a utility token in the Deviews ecosystem, the DVS. The reviewers will receive rewards in DVS. Those rewards come from two sources. Here's an illustration:

Base Rewards

A big part of DVS total supply will go for base rewards, which will be released linearly in 4 years. Every day there will be a total base reward for all the listed projects to share.

The team will determine the percentage of how much a project gets from the total base rewards every day in the early stage. In the future, the community will determine the allocation with voting in DAO.

Bonus Rewards

There's an independent bonus pool for every project listed on Deviews. Everyone could buy DVS from the market and add DVS to a bonus pool to increase the incentives on top of the base rewards, encouraging more new hodlers / users to write reviews for the project.

The project team would be the most motivated entity to add the bonus, meanwhile the investors, the community, and the DAO of the project are also motivated to contribute by adding some bonus to its pool.

You can only get bonus rewards for one time from a project. The requirement is it's the first time for your account to write a review on it.