Basics of the TCR system

There are many designs for the game system based on needs and properties, but every game system is essentially designed such that the economic incentives are aligned to curate the desired properties in list for each and every player in the system with the assumption that every player is rational i.e. tries to maximise the outputs from the participation in the game

Broadly TCR’s have the same structure:

It has 4 primary stakeholders also called as players:

1. Consumers

2. Candidates

3. Token holders

4. Listees

These players have some roles and actions that they can perform to maximise their individual output.

Use-cases for players

1. Consumers desire high quality list so that they can passively consume the highly curated quality content.

2. Candidates want to be listed on the TCR’s and become listees so that they can have the attention and consideration of the consumers

3. Token holders wants to increase the demand of tokens so that there is an upward pressure on token price

4. Listees want to remain in TCR’s so as to reap the rewards of consumer attention

System

1. Candidates can apply to the list by sending a proposal along with some tokens.

2. Token holders can choose to claim against the proposal, if none of the token holder puts the claim against the proposal before the expiry, candidate’s proposal is accepted and candidate is listed in the list.

3. If any token holder puts the claim against the proposal, a voting procedure is instantiated and based on outcome of voting, candidate’s proposal is accepted or rejected (there are many ways to conduct voting with many different properties, i’ll not go into the details)

4. If the proposal is accepted, token sent by candidates along with proposal are staked and if it is rejected, tokens are distributed to the winning group of voters

5. Now, to ensure the quality of system, any token holder can raise a claim against a listee and same voting procedure is followed to determine the validity of claim, upon which tokens of either the claim holder or the listee would be forfeited and distributed to winning group of voters

6. This way the list continues to maintain the quality of its items and remain useful for consumers for a long time

This article is highly inspired by this article on TCR’s by Mike Goldin

This is first of a series of articles on TCR’s and it’s use cases, more advanced articles will follow.

UPDATE: here is the link to article 2 focussed on economic principles of TCRs