Community Members
Last updated
Last updated
Similar to how shareholders invest in the stock of a company, Metaoracle’s community members who are excited about the tech or the business model may find ways to invest time and/or money to help grow the system and earn some benefit.
Community members is a broad definition. At its broadest, it can mean anyone holding one METAO token or simply posting a promotional tweet. Community members provide services such as
Marketing Activities
Providing Liquidity
Increasing system safety & security
Community members' motivations can include earning rewards, airdrops, or bonuses from their activities in the system. They may also want to see adoption of Metaoracle’s services, so that they may earn a greater yield for providing liquidity, while METAO token holders may be able to delegate their stake to help improve the security of the node runner software.
The goal of the marketing activities of community members is to ultimately increase the number of customers, feed providers, and node runners. Ultimately, as a B2B ecosystem, the adoption of the Metaoracle network by developers, end users, and network participants will drive self-sustaining growth. The impact of marketing activities can be classified as either direct or indirect.
Direct Impact
The addition of Feed Consumers, Feed Providers, and Node Runners can be considered a direct-impact marketing activity. It provides measurable growth.
Indirect Impact
Marketing activities that lead to the growth of the Metaoracle ecosystem may incentivize community members to contribute in other ways such as increasing the liquidity of the METAO token.
Liquidity (especially in the early days) is important for participants to be able to transact conveniently. As the vision of Metaoracle is a decentralized application with no central entity, liquidity would ultimately need to be provided by the community. While the Metaoracle team may bootstrap liquidity, ultimately the community will need to grow large enough to supply liquidity on its own.
Community members may also contribute to the Metaoracle safety and or security by delegating their tokens to node runners.
The amount of stake a node runner has committed is the primary way the Metaoracle protocol chooses who should propose, vote, and certify the next block to the Binance Smart Chain blockchain, and receive a monetary reward for doing so. Community members who do not wish to run the node infrastructure may be able to delegate their tokens to a stake pool, increasing the likelihood their delegate will propose, vote, or certify the next block – and the rewards are shared between everyone who delegated their stake to that stake pool.
