1. Briefly go through the parameters
🔸CreatorPad is a task-driven creation platform launched by Binance Square. By completing tasks released by the official team or project parties and producing high-quality content, you have the chance to share in token rewards.
🔸Since July, the Square has launched 20 project activities, including leaderboard tasks, among which there are 17 leaderboard activities and 3 essay activities. Except for the essay activities, the number of participants in leaderboard activities has generally remained above 12,000.
It is important to distinguish between the two existing leaderboards:
•Creator Leaderboard: All-site creator leaderboard
•Project Leaderboard: Single project creator ranking
(The lists mentioned below use CL and PL as abbreviations)
2. Mechanism changes
🔸Time mechanism:
Due to community feedback, square massage therapist @Anitahityou posted on 8.18 to explain that the CreatPad activity has been shortened to 1 month, but the reward amount remains unchanged.
🔸Reward mechanism:
Since each project's prize pool is designed separately, I will differentiate the distribution methods into standard reward type and bonus reward type.
Standard rewards: PL Top 300 scores 70%, changed to PL Top 100 scores 70%, and the remaining eligible creators share 30%
Bonus rewards: On top of the PL creators and eligible creators, a new parallel role of 7-day CL ranking players is added. Meanwhile, 10% is allocated from the original 30% designated for 'eligible creators' to reward the 7-day CL ranking players.
The initial 10% allocated to creators ranked in the top 100 on the CL leaderboard has changed to the top 50.
🔸The distribution of equivalent value in USD tokens will change to a fixed number of tokens, resulting in fewer rewards; refer to the P1 I posted 😂
3. Activity method
🔸It was mentioned in the parameters section about the leaderboard activities and essay activities. The essay activity encourages high-quality and highly interactive articles, and only the top 50 high-quality articles are selected for rewards.
This is the change that has happened in the square over the past month. Tomorrow is the time for the first batch of rewards to be distributed. Let's look forward to it and see if what I said before has any small surprises 🥳🥳
