Identify and reward users who have made volunteering contributions to the platform—a form of signalling, which those users can parlay into public reputation with NFTs in the form of Decentralised Identifiers (DIDs)
Users will be rewarded for their time, effort, energy and contributions with VAE tokens.
PoR uses a reputation & rewards system linked to the user’s Digital ID NFT (DID NFT), whereby reputation serves as a non-transferrable reputation signal and ‘Volunteer And Earn’ “VAE”, token is a transferrable asset dispensed on a regular cycle.
The DID NFT stores the relevant data specific to each volunteer such as experience, hours volunteered, donations, and NGOs they volunteer for. Similarly, companies, non-profits, sports teams, conferences and NGOs, will also be assigned a DID NFT in order to verify their volunteers.
PoR leverages blockchain to incentivize people to volunteer - providing opportunities to earn cryptocurrency for volunteering
Ability to earn crypto assets that can be traded as a currency and act as a utility in the network
Ability to build a decentralized reputation on the blockchain, not dependent on third parties
NFT DID serves as a non-transferrable Onchain reputation signal
Volunteer And Earn (VAE) is a transferrable asset dispensed on a regular cycle
VAE Tokens can be used as tradeable currency. Moreover, because VAE Tokens accrue to holders of NFT DID, VAE Tokens also have a link to the underlying reputation