🪙NadCred: The Reputation System of NadDAO

In our community, understanding who to trust and identifying those with proven abilities is crucial. Our reputation system, NadCred, is designed to capture and quantify member contributions, giving project leads insight into which members are reliable and have a track record of successful work.

NadCred points function like a DAO credit score. They reflect the value a member has added to NadDAO and the broader ecosystem through their skills and contributions. Higher NadCred scores indicate a member's consistent and impactful involvement in community projects.

How is NadCred Allocated?

NadCred points are allocated based on a simple formula:

Here’s how it works:

• Effort: The total time and energy a member dedicates to a project.

• Molandak: A multiplier that ranges from 1.0 to 5.0. This number reflects the project's importance and impact.

Total Creds = Total Time taken * Molandak * NadCred

example:- 100hrs * 1 * 170

The multiplier, referred to as the "Molandak," ranges from 1.0 to 5.0. A low multiplier is applied to projects that are useful but not groundbreaking, while a high multiplier is given for critical or impactful projects.

For example, if a project requires significant effort and has high importance, it might receive a Molandak of 4.0 or 5.0, resulting in higher NadCred. Conversely, a less critical project might only receive a Molandak of 1.0 or 2.0.

Factors Affecting Molandak Score

Several factors can influence the Molandak score for a project:

• Impact of the open-source contribution on the project

• Visibility of the project

• Benefits to the community

• Attracting more talent to the community

• Creating future business opportunities for community members

NadCred Sources

There are three main ways to earn NadCred:

1. Bounties Contribution

   • Type: Fixed and one-time NadCred.

   • Details: Available for winning a bounty or reviewing a bounty. The NadCred rewards for these contributions are listed on our bounties platform, which provides a clear breakdown of how NadCred is allocated based on different tasks and their respective impacts.

2. Fixed Contributions

   • Type: Generally fixed and one-time NadCred.

   • Details: Fixed contributions can take various forms. Some have predefined NadCred allocations listed in the NadCred Menu, while others may require separate applications. Once approved by designated reviewers, NadCred is awarded accordingly.

3. Work with NadDAO

• Type: Recurring NadCred.

• Details: Members engaged in part-time or full-time community-focused work within NadDAO receive fixed, recurring NadCred on a monthly basis. This is automatically granted at the end of each month. Examples of NadCred allocation for various roles include:

  Full-time at NadDAO: 1000 Cred

  • Project Leads at NadDAO: 500 Cred

  • Part-time work at NadDAO: 250 Cred

  • Open-source project lead at NadDAO: 170 Cred

Notes:

• Some contributions don't have specific NadCred allocations mentioned in the table. These may require additional details or evaluation.

• Each contribution type is linked to specific skills, reflecting the diverse ways members can earn NadCred by leveraging their talents and interests within the DAO.