Coordinape Overview

What is Coordinape?

Coordinape is a web3 tool that standardizes how DAO contributors are tasked and rewarded. Once contributors complete specific tasks, the vault can be funded and each contributor will receive their shares out of the budget. In addition to rewards, Coordinape also facilitates an efficient system to provide feedback.

Main Features
Amplify the people and projects making an impact
Foster ownership and belonging
Attract and engage contributors
Build reputation
Start fast and adapt fast
Blockchains
Ethereum

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Frequently asked questions

A circle refers to a Gift Circle within a DAO (Decentralized Autonomous Organization). It is a group of contributors who use the Gift Circle to decentralize the payment process and determine each other's value to the organization. The Gift Circle allows for the creation of a compensation map, where contributors allocate GIVE tokens to each other based on the value they see being created. At the start of an epoch (a set period of time), each member of the Circle receives a number of GIVE tokens determined by the Circle Admin. When the epoch ends, allocated GIVE tokens become locked, and unallocated GIVE tokens are burned. Budget distribution is then formulated based on the percentage of total GIVE tokens received by each member of the Circle.

An Epoch is a set period of time during which a group of DAO contributors can perform the GIVE allocation process. It allows for the decentralized payment process within the Gift Circle, where contributors identify each other's value to the organization and create a compensation map. At the start of the epoch, each member of the Circle receives a number of GIVE tokens determined by the Circle Admin. When the epoch ends, all allocated GIVE tokens become locked, and all unallocated GIVE tokens are burned. The budget distribution is then formulated based on the percentage of total GIVE tokens that each member of the circle has received.

The team/circle members get paid through the distribution of GIVE tokens. At the start of each epoch, each member of the Circle receives a certain number of GIVE tokens determined by the Circle Admin. When the epoch ends, all allocated GIVE tokens become locked, and any unallocated GIVE tokens are burned. The budget distribution is then formulated based on the percentage of total GIVE tokens that each member of the circle has received. The allocated GIVE tokens can be converted into a specific amount of USDC (United States Dollar Coin) as payment.

GIVE tokens represent a percentage of the Circle's total budget allocation for a given Epoch. During the Epoch, each member of the Circle receives a number of GIVE tokens determined by the Circle Admin. Members then allocate their GIVE tokens to other members based on the value they see being created. At the end of the Epoch, all allocated GIVE tokens become locked, and all unallocated GIVE tokens are burned. Budget distribution is then formulated according to the percentage of total GIVE tokens that each member of the circles has received.

There is no limit to the number of contributors a circle can have. However, it is recommended that circles have between 5 to 20 contributors for optimal functioning. For teams with more than 20 contributors, it is suggested to create additional circles based on the type of work those contributors are doing, such as Developers, Community, Content, etc.

To determine who gets GIVE tokens, each member of the circle should allocate their GIVE tokens to other members based on their own logic and assessment of the value created. The goal is to recognize and compensate valuable contributions as accurately as possible. This process allows the community to collectively identify and reward those who are doing good work. Additionally, GIVE tokens and attestations received can also contribute to building one's reputation within the organization and the wider web3 ecosystem. If you want to help allocate GIVE tokens but not receive any, you can select the "Opt-Out" option on the Epoch settings tab.

Yes, it is possible to help allocate GIVE tokens without receiving any. You can select the "Opt-Out" option on the Epoch settings tab to indicate that you do not want to receive any GIVE tokens.

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