DAOs: Empower Your Community with Respect Game

What is a Respect Game?

Respect Game is an innovative Web3 social application designed to enable communities to self-organize and thrive. By engaging in the Respect Game, community members collaboratively build decentralized autonomous organizations (DAOs) that help achieve their shared mission. Essentially, it is a game that provides communities with both a novel economic and governance system, fostering active participation and fair reward distribution to all who contribute in achievement of the shared mission. Core of the game is based on the ideas from this whitepaper.

Main Benefits of the Respect Game for the Communities:

• Active and Thriving Community Building: Incentivizes participation, leading to an engaged and vibrant community.

• Reputation Layer Creation: Establishes a reputation system using non-transferable RESPECT points (ERC-1155 standard), reflecting each member’s contributions.

• Reward Distribution System: Distributes liquid tokens (ERC-20 standard) through the gameplay to the participants (rewards are distributed based on Fibonacci sequence — 33% contributors get 66% of the rewards).

• Formation of a Decentralized Autonomous Organization (DAO): Empowers the community to self-govern through a multi-signature system controlled by members who have been recently most respected.

• Transparency and Accountability: All user activities are recorded on-chain, with AI-generated summaries enhancing transparency and accessibility.

RESPECT point provide a reputation layer.

How to Set Up a Respect GameSetting up a Respect Game for your community is straightforward and user-friendly:

1. Create a Respect Game: Login using your email address or wallet (eg. Metamask); submit a name and description of your community, takes a minute.

2. Invite Members: Share the invitation link with your community members.

3. Establish Founders: The first five members to join become the founders, automatically gaining membership status.

4. Approve New Members: Subsequent members require approval from at least two existing members to participate in the game.

Upon creating the community, a unique token is automatically generated, laying the foundation for your community’s economic system.

How to Play

Each game cycle lasts one week, requiring approximately 15 minutes of participation per member per week. The game consists of two main phases: Earning Respect and Giving Respect.

Stage 1: Earning Respect

• Submit Contributions: Members submit a textual description of their contributions toward the community’s mission via the app.

• Contribution Types: Contributions can range from small acts like retweeting or spreading the word to friends, to significant efforts like coding, marketing, or financial support.

• Validation: All contributions that align with advancing the community’s mission are valid, regardless of size.

Stage 2: Giving Respect

• Randomized Group Assignment: Members are randomly assigned to small groups (up to six people) for evaluation.

• Ranking Contributions: Within these groups, members rank each other’s contributions, assigning higher ranks to those they perceive as having the most significant impact.

• Point Allocation: Based on a fair and transparent formula, RESPECT points are allocated to members according to their rankings.

• Reputation Building: Accumulated RESPECT points contribute to a member’s reputation within the community, with leaderboards displaying the most respected members.

How Does Respect Game Make the Community Thrive?

Respect Game fosters community growth through two key incentives:

• Non-Transferable RESPECT Points: Serve as a reputation system, encouraging members to contribute meaningfully to enhance their standing.

• Liquid $VALUE Tokens: Tradable tokens that can be earned through participation, providing tangible rewards for contributions. These tokens can be backed by the community’s assets by creating a liquidity pool on a decentralized exchange.

By aligning individual incentives with the community’s mission, Respect Game ensures that members are motivated to contribute positively, leading to a more active and cohesive community.

How is a DAO Formed?

The formation of a DAO is a natural progression within the Respect Game ecosystem:

• Council Formation: The five members with the highest average RESPECT points over the last 12 weeks form a council. Meaning that those members who have been recently most respected become the decision-makers.

• Governance Roles: The council holds special privileges, including the ability to manage the treasury, decide on weekly token distribution amounts, mint new tokens, and oversee community membership.

• Decision-Making Process: Actions require approval from at least three out of the five council members (3/5 multi-signature).

Council has the ability to further build out the organizational structure and truly make the community's effort a success.

Council member with decison-making powers.

Conclusion

Respect Game offers very innovative and promising way for communities to organize and achieve their missions by integrating gamification with decentralized governance. By participating, members not only contribute to the collective success but also build their reputation and receive tangible rewards. Start empowering your community today by setting up your own Respect Game!

Originally Published by @Vlad, Respect Games community member on medium:

https://medium.com/@vladislavhramtsov/empower-your-community-with-respect-game-3ef28ea7c8e9