Sight Incentive Plan - Season 2

Overview

  • Sight Incentive Plan Season 2 runs from 10th December 2024 to 10th February 2025: https://sightai.io/dashboard

  • All users can earn points by participating in interactions with Sight ecosystem.

  • Each phase will feature different testnet activities, including daily tasks on Zealy,FHE Prediction Market and FHE Data DAO.

  • All points can be redeemed for Sight tokens, with specific details to be announced in the community.

Total Rewards Allocation

Season 2 will distribute 5 billion points across two core activities:

FHE Data DAO Contributions: 2.5 billion points

Participants earn points by contributing encrypted data to the FHE Data DAO. These contributions ensure privacy while creating actionable datasets for the ecosystem. Rewards are allocated based on the quality and impact of the data, with higher-value contributions earning greater rewards.

Prediction Market Activities: 2.5 billion points

Participants can engage in Sight Oracle’s Prediction Market, leveraging their strategic insights to make accurate predictions. Points are awarded based on engagement and performance, encouraging active participation in this innovative economic model.

How It Works

1. Prediction Market: Players earn points based on their participation and success in predictions. Correctly predicting outcomes awards X (to be determined by each pool) points. This incentivizes active engagement and accurate forecasting.

2. FHE Data DAO: Points for contributions are calculated based on the weight of a player’s participation within different FHE Data DAO programs. For instance, if a player earns 1,000 $zombie tokens in the Zombie program, their share of the total points will be proportional to their weight among all participating Zombie contributors. If the Zombie program is allocated 1 million points, a player’s reward will be determined by their contribution’s weight within the pool.

3. Program-Specific Rewards: Each FHE Data DAO program is ranked based on its final performance, and additional points are allocated to top-performing programs as bonus rewards. This encourages healthy competition among programs and motivates contributors to drive impactful results.

Why Participate?

  • For Data Contributors: Receive recognition and rewards for contributing high-quality, encrypted data, while ensuring privacy and security.

  • For Prediction Market Participants: Earn rewards by utilizing strategic insights in a fair and transparent market.

  • Double Incentives: By participating in FHE Data DAO programs, players not only receive rewards specific to the program (e.g., $zombie tokens in the Zombie program) but also earn Sight Season 2 points as an additional benefit. This enhances the value of participation and promotes broader engagement across the ecosystem.

  • For the Ecosystem: Help drive the growth of a privacy-focused data economy, fostering innovation and decentralized adoption while benefiting from a thriving, community-driven environment.

For More Information:

Website: https://sightai.io/

Twitter/X: https://x.com/theSightAI

Last updated