The scoring system
In every quarterly competition, each participating Regional Hub will be evaluated and scored based on two key aspects:
The overall activities of all members within a Regional Hub (related to their individual Referral Agreements)
The quality of events organized by a Regional Hub during that quarter
By considering both the activities related to the Referral Agreement and the quality of events, the scoring system aims to provide a comprehensive evaluation of the Regional Hubs' contributions and engagement within the Blocksquare network.
This system encourages active participation, effective referrals, and the organization of impactful events, ultimately promoting growth and fostering a vibrant community within the Blocksquare ecosystem.
You can find the breakdown of points that can be achieved in each scoring category below.
a) Event organization
| Events (duration) | Short (up to 2h) | Half day | Full day |
|---|---|---|---|
live/in-person | 10 points | 50 points | 150 points |
online/digital | 1st event - 10 points 2nd event - 8 points 3rd event - 6 points Every subsequent event - 6 points | 1st event - 50 points 2nd event - 40 points 3rd event - 32 points Every subsequent event - 32 points | 1st event - 150 points 2nd event - 120 points 3rd event - 96 points Every subsequent event - 96 points |
Number of registrations | 0.1 point per registration (Hub members do not count as registered attendees) | 0.1 point per registration (Hub members do not count as registered attendees) | 0.1 point per registration (Hub members do not count as registered attendees) |
Number of actual check-ins | 1 point per checked-in attendee (Hub members do not count as checked-in attendees) | 1 point per checked-in attendee (Hub members do not count as checked-in attendees) | 1 point per checked-in attendee (Hub members do not count as checked-in attendees) |
b) Referral goals
| Referral action | Scoring |
|---|---|
New marketplace operator onboarded | 300 points |
New real estate asset onboarded | owner is an individual = 10 points owner is a company = 100 points |
Total value of onboarded real estate ($) | 5 points per 100,000$ |
Total value of BST tokens sold via OTC ($) (min $ is 50k) | 5 points per 10,000$ |
In order to establish, promote and maintain Regional Hubs at the highest levels possible, the Governance board reserves the right to make adjustments or introduce changes to the scoring system at any time.
Any changes or adjustments will come into affect only in the quarter after the next.
Scoring methodology
The scoring system for the quarterly competition involves several steps to determine the percentage amount of the quarterly prize pool that will be rewarded to each participating Regional Hub. Here's how it works:
Calculation of Regional Hub points
Throughout the quarter, each Regional Hub will accumulate points based on their activities and event quality, as outlined in the previous explanation.
The points earned by a Regional Hub will be tallied at the end of the quarter.
Calculation of total points
The next step is to add up the total points achieved by all participating Regional Hubs in that quarter.
This sum represents the combined efforts and performance of all the Hubs during the competition.
Percentage calculation
To determine the percentage amount of the quarterly prize pool that each Regional Hub will receive, we compare the points achieved by each Hub to the total points achieved by all participating Hubs.
The percentage is calculated by dividing the points earned by a Regional Hub by the total points achieved by all Hubs and multiplying by 100.
Allocation of the Prize pool
Finally, based on the percentage calculated for each Regional Hub, the quarterly prize pool is divided accordingly. Each participating Hub will receive a portion of the prize pool based on their relative contribution and performance, as reflected by their percentage amount.
This scoring system ensures that the reward distribution is proportional to the efforts and achievements of each Regional Hub, taking into account both their individual performance and the overall performance of all participating Hubs. It encourages healthy competition, active engagement, and quality event organization, while fairly rewarding the contributions made by the Regional Hubs.
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