Basics #
In order to keep the network safe from spam attacks, each transaction on NCOG requires a transaction fee to be paid. Maintaining the integrity and security of the NCOG network requires this transaction fee. Due to the expenses involved in each transaction, it serves as a disincentive for potential spammers.
Transactions fees are paid to validators to reward them for processing transactions.
Reward Protocol #
You may earn tokens for your assessments using NCOG. All participants will be incentivized to participate in useful platform behavior, resulting in a trustworthy ecosystem that rewards those who offer honest feedback while removing any harmful actors or touts! Smart Contracts are created when there is an activity with our Reward mechanism, which is depending on how many transactions occur inside it. Assume you run a restaurant and want to make your customers addicted to ordering from the same spot. You may provide them discounts for becoming frequent consumers of your service. This way, they know where their food originates from without any associations between customers gazing about at other possibilities.
Smart Contract holders will be rewarded tokens once the criteria for utilizing Rewards have been established. Rewards might include experience points or a higher search ranking. Transaction tokens, for example, are intended such that NCOG customers may earn them by creating a large number of orders and reviews inside their ecosystem. Consider a future in which restaurants are rewarded for their excellent reputation. This works because some protocols let them pay for advertising expenses using transaction tokens obtained through transactions conducted at these places or by buying products and services directly from the application host’s website.
