Recently, we have partnered with Crowdsourcing Week, where CH will be present at the conference in Washington DC from October 24th to the 28th. Our CEO Ethan Clime will be speaking on the topic of how cryptocurrencies can monetise crowdsourcing. You can check out more about the event here.

Last week we pushed our new product features to help improve the usability for project admins and allow sharing features for Facebook, where you earn tokens directly from sharing specific content. We are exciting to begin testing these out with all of you.

So let’s go into what was made:

The new admin console allow projects to view their latest activity, they can easily top up YUP credits and add their tokens while viewing their account balance. From the example above, we showcase the Crowdholding project admin console, where we only place YUPs. From here you can select either a feedback task or bounty task for CH users to participate in. Soon we will incorporate Twitter bounty and Telegram bounty to also place as tasks.

When selecting the feedback icon, you are able to view and search all the tasks. By selecting the tasks you can view comments directly on the right side and reply.

Simultaneously, you can view and manage your bounties as well by clicking the bounty icon.

We also have a section for community where we will be collecting feedback directly from admin users. To discover what other features they would like.

Lastly, we have statistics to be able to analyze user interaction and how active with participating. This is the first version of our admin panel and we look forward to making improvements from our admin feedback.

Now lets look at our new bounty feature, which we have begun testing where projects can share interesting links regarding their project via Facebook, you can check out the screenshot below to see how the UI looks.

You can check it out here: https://bit.ly/2N5ykXW.

Project admins can place multiple links they want promoted such as blog posts, bounty campaigns or even their website in return for the projects tokens. Once the Facebook bounty expires, the tokens are distributed. If the project is in Pre-ICO and tokens are not distributed yet, it will be virtual until their smart contract sends out the tokens after ICO completion, which will be available and showcased on your profile page.

Our system utilizes stakes which represent your influence. It is determined based on number of followers and friends. With this system a share from one person with 1000 friends count as 5 shares of someone with 100 friends. In addition, your FB account must have a minimum of 50 friends/followers.

Here is some info on how it works

List of stakes

1 stake per share: 50–100 friends

2 stakes per share: 101–300 friends

3 stakes per share: 301–500 friends

4 stakes per share: 501–1000 friends

5 stakes per share: more than 1000 friends

When the task expires, the task will be closed and you will receive a piece of the reward based on how many stakes you received.

Limits

Every user can share the same item max 1 time per day and max 5 times per week.

In case of low participation there is a limited max reward per user. The default is 1/1000 of reward. Also, there is a minimum a user will receive for each share. Therefore the task automatically expires if this threshold would not be reachable. The default is 1/50 of total reward.

Example

We have a Bounty task with 50,000 TOKEN. We set minimum reward to 100 and maximum to 1000. Now, if only 20 people share our post (assuming each have just one stake). we only spend 20,000 (20x 1000 (Maximum reward). The rest can be used for other tasks.

We can get maximum of 500 stakes (eg. 500 shares from people with 100 friends) in this example..

This feature automates fully the reach and token distribution of the project, and will help boost CH’s crowd marketing agenda along with the feedback tasks. In addition, you can give us direct feedback on the new bounty system here and earn YUPs!

For more information about Crowdholding or to start co-creating for crypto: