Trusted token data for the Web3 ecosystem
Join the TruSet community and earn rewards by creating accurate token data for Web3.
We’re running a Token Data Beta to test-drive our platform and help the community work together, earn rewards, and establish a foundational dataset for Web3. Beta community members will participate in staged competitions and have a chance to earn shares of over $20,000 worth of prizes. The prize pool for for each competition will be in ETH, which will be distributed to the Beta participants who accumulate a net positive amount of TRU tokens during the competition period.
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Beta participants earn TRU tokens by publishing new content or validating others’ token data proposals.
Beta community members will participate in staged competitions. Each competition will include a prize pool in ETH which will be distributed to Beta participants who have earned the most TRU tokens.
Work with the community to publish, validate, and consume accurate reference data for the ecosystem’s top token projects.
Competition 4 - A Special One Week Competition
January 17th – January 24th
Competition 4 is now live! Comp 4 is a special one week competition. The prize pool is 15 ETH. Competition 4 runs from Thursday January 17 until Thursday Jan 24.
The goal of Competition 4 is to complete the Description, Listings, BKP Taxonomy, and Token Features & Usability sections for all tokens on the platform. You have already made very good progress against the first three sections. To incentivize more work on the Token Features & Usability section, we have made that sections the highest rewards for publishing and validating. Earn the most ETH by publishing and validating Token Features!
For Competition 4, you will still earn TRU tokens for successfully publishing and validating. We are looking for you to both publish the original section proposals and validate your peers’ proposals during this competition. At the end of Competition 4, we will calculate the net tokens earned from the close of Competition 3 until the close of Competition 4. Your share of the Competition 4 prize pool will be calculated based on your net tokens earned during this period. Votes will close after a minimum of 36 hours from publication and a minimum of 5 votes.
Participants start Competition 4 at the same TRU token balance as they exited Competition 3.
New Beta signups will be given a starting balance of 200 TRU.
How to earn TRU tokens
Beta participants can earn TRU tokens by both voting on and authoring token data proposals. Voting on a token data proposal requires a TRU deposit. The earning potential varies by how challenging the section was to validate. Voters receive rewards if their vote is with the majority consensus of voters, in either approving or rejecting a proposal. Authoring and publishing a token data proposal requires a TRU deposit. Successful publications earn TRU reward, with the amount also variable by how challenging the section was to publish. Rewards are paid out if the proposal is approved by a consensus of voters.
To incentivize more work on the Token Features & Usability section, we have made that sections the highest rewards for publishing and validating.
For details about these new sections and fields, see our updated Template Definitions document.
Prize pools and payout
The rewards will be disbursed from a pool of 15 ETH and sent directly to participants' MetaMask accounts after the competition. The prize pool will be divided according to participants’ TRU balances at the end of the competition.
View the TruSet Token Beta Webinar