Creator's Rewards

How to Earn on Burning Meme

REDO

This article outlines the different ways meme creators can earn rewards on the Burning Meme platform. Whether through the voting process or the bonding curve, we've designed a system that incentivizes creativity and engagement.

The voting process provides multiple opportunities for meme creators to earn rewards, while also increasing the visibility of their creations. Here are the ways creators can earn:

1. Initial Vote Impact: When meme creators submit their memes, they have the option to cast their vote first. This first vote has a maximum effect on the final results, increasing the weight of their vote in the final score and contributing to higher rewards should the meme get launched.

2. Fair First Buy Rewards: If the community votes to launch the meme, all locked $Guru tokens from both the boosters and burners are used to buy the launched meme token on the bonding curve. The meme author then receives a share of the purchased tokens, which is calculated by the following formula:

   • $G_a$ - author's initial amount voting power share in Booster pool

   • $G_i$ - voting power share in Booster pool by Boosters

   • $M$ - total amount of collected $Guru during the voting.

   Distribution:

   • Author's share: $M_{author} = M \times \frac{G_a}{G_a + \sum G_i}$

   • Each Booster's share: $M_i = M \times \frac{G_i}{G_a + \sum G_i}$

3. Burners Win Reward (Creator Commission): If the community votes against the meme, the meme is retired, and the locked $Guru tokens are redistributed among the burners. In this case, the meme creator receives a 2% creator commission of the total locked $Guru tokens.

4. Airdrop Participation: If the meme is launched through the voting path, after it hits $60,000 market cap on the bonding curve and is listed on the DEX, the meme author will receive a share of the 5% airdrop proportionally to the initial boost, along with all other boosters.