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NEAR Crowd

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Near Protocol
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News

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Key Signals for Predicting Market Behavior

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Modern Financial Markets Driven by Options Market Dynamics

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The behavior of modern financial markets is increasingly influenced by the structural requirements of the options market rather than traditional fundamental data.
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Leo van der Veen

What is NEAR Crowd?

NEAR Crowd — a service that allows people to earn money by completing small tasks.

Contents:

Crypto new NEAR Crowd

More about defi app

NEAR Crowd significantly restricts the powers of the requester and instead delegates power to the crypto defi community. In particular, while the requester provides a specification of what needs to be done for each task, it is the community that decides whether each task is done correctly, according to that specification.

After a participant has completed at least 20 tasks, they can withdraw their rewards to their NEAR wallet until they show at least 85% success.NEAR Crowd

In particular, the system maintains the number of successful and unsuccessful tasks for each crypto platform participant. To withdraw funds, the number of successful tasks must be at least 8.5 times greater than the number of unsuccessful ones.

The rules for updating statistics are as follows:

1. If a common issue is submitted and accepted, both the sender and the reviewer increase the number of successful issues by one.
2. If a common task is submitted and rejected, it is disputed.
3. If at least two of the new reviewers accept it, the original submitter and all reviewers, who accepted it, increase the number of successful tasks by one, and for all reviewers, who rejected it, the number of outstanding tasks increases by one.
4. Otherwise, the original reviewer and all reviewers who rejected it increase the number of outstanding tasks by one, and for all reviewers who accepted it, the number of successful tasks increases by one.

After the customer has funded the task, all other above rules are applied, using a smart contract. This way, the member can be confident that as long as they get the job done right and the community accepts it, they will eventually receive their pay. This is in stark contrast to centralized systems in which the requester usually has the final say in accepting the job, and situations in which the requester leaves with the results of the job without paying remuneration are quite common.

About NEAR Crowd

There are no WhitePaper and RoadMap documents on the site. Instead, a section is available with a description of the features of the work and the rules of work. From social networks, the community only conducts twitter. There are already over 2500 participants. Subscribe and read the latest news. The smart contract doesn’t have an audit.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.