Social Mining is a reward system that rewards those who that add value to a project or network.
But social mining is not just a stipend or reward, it's a sophisticated reward system that accurately reflects the value that each person contributes to the ecosystem and the rewards that are applicable to such contribution.
Many projects out there use various methods such as organizing airdrops and bounties to reward what they consider productive, such as a social media post or motivating people to join a social media channel or platform such as Telegram, Reddit, e.t.c.
A big issue that can be seen today is that a one-time incentive does not adequately motivate valuable behavior by individuals.
Airdrops in particular have proven to be an inefficient way to reward hardworking members of a project's community, as such airdrop programs are being hijacked by freeloaders who create multiple accounts, to drain the tokens off such airdrops and in the process, depriving the true followers of their benefits.
Social Mining changes this, as it ensures that members or individuals are only rewarded when they add value to the ecosystem. In addition, Social Mining promotes the use of native tokens of the project by expanding voting rights and providing monthly rewards to individuals.
Adding value can be defined in a variety of ways, and it ranges from creating and sharing content to using products and giving feedback, to much more demanding tasks such as translating an article to various languages, participating in bug bounties.
What projects are making use of Social Mining platforms?
There are Several leading cryptocurrency projects, with a combined market capitalization of $50 billion USD that are using Social Mining platforms for their community. Examples of these platforms are blockchain networks that includes; Ethereum, Binance Smart Chain, Polygon, Symbol, Avalanche, and Elrond.
A major platform that is revolutionizing social mining is DAOLabs. In the DAOLabs community, individuals are rewarded with reputation and points for their valuable contribution.
Community members can participate in a variety of tasks that suit their skills and expertise. Specific roles job members can have at the DAOLabs community include the following;
•Marketing
•Business Development
•Blockchain Enthusiast
•Graphic Designer
•Web Designer
•Social Media Influencer
•Content Writer
•Content Translator
•Strategic Partner
Community members have the opportunity to get a role by completing the onboarding survey on the dashboard.
Tasks available on the DAOLabs platform include: Article writing, Graphic Designs such as memes, bug bounties, article translation, tweeting on social media about the platform and many more.
Community members earn points and reputation when they complete tasks on the platform. These tasks submitted are checked and reviewed by other community members and the deserved points and reputation are given.
Reputation is earned when a submitted task meets a standard of quality, the higher the quality, the higher the reputation earned.
Points on the other hand is about the quantity of content submitted such as the amount of characters and words in an article or the length of a video.
For users to earn more reputation, points and place higher in the community leaderboard, the quality as well as quantity of the task submitted must be high.
Typically, participants that have met a minimum amount of points earned by task completion can be a beneficiary of the periodic workdrop that is done by DAOLabs.
A workdrop is similar to an airdrop, but a difference is that it eliminates freeloaders who do next to nothing to earn on a system, as individuals have to do tasks to be eligible.
DAOLabs Native token is called Labor $LABOR which is coming soon on the platform and will be earned as payouts. In the meantime, eligible individuals can earn BUSD tokens based on the number of points and reputation earned.
Joining the DAOLabs community to participate in social mining is not a daunting task, all individuals have to do is to register on the website DAOLabs Community and fill out their profile.
Connecting the social media accounts is necessary for individuals to start earning points for their contributions. Users need to connect at least a telegram account as well a Twitter account to the dashboard.
To connect a telegram account;
• Click on the profile image at the top right of the dashboard and select profile
• Fill your Telegram handler in the box provided
• Join the Telegram group @DaoLabs
• Give an adequate Introduction of yourself in the telegram group.
• Contact the bot @daolabscommunitybot in private and click the Start button
Individuals who have correctly followed these steps will be awarded points on the dashboard.
To connect to twitter;
• Click on profile image at the top right of the dashboard and select profile.
• Scroll down and click on the connect Twitter button.
• Authorize the connection on Twitter, and the system redirects you back to the dashboard.
The twitter connect button on the profile page turns red for a successful account linkage.
Ensure to click on the green update button to save your progress.
Connect with DAOLabs via the following links;
Twitter: https://www.twitter.com/TheDAOLabs
Telegram: https://t.me/DaoLabs
YouTube. https://youtube.com/c/DAOLabs