Smoothie Litepaper (v.3.0)
Web3 Is Lacking Safety & Trust
Web3 is supposed to be about decentralization, community, and trust. Yet, the reality is that discovering quality products in the space can be difficult, and trusting them can be even harder. The current system is broken.
Smoothie is a review platform that helps users find the best web3 products in the space.
Product Reviews
To leave a review for a web3 product on Smoothie, go to a product’s page and scroll down to the reviews section. From there, you can rate the product on a scale of 1 to 5 stars and leave a written review of your experience with the product. This feedback is helpful for both the product creators and other people.
Smoothie weighs reviews based on several factors, including the reputation of the person leaving the review and whether the review is on-chain verified. This helps to ensure that reviews are trustworthy and provide accurate feedback on the product. By considering multiple factors, Smoothie can provide an accurate picture of the quality of a product. Please note that wallets that have never made a gas transaction will not be considered for reviews, ratings, and upvotes.
On-chain verified reviews prove that a specific wallet address has interacted with a product's smart contract on the blockchain. This type of review is considered more trustworthy because it shows that the reviewer has actually used the product. It helps to provide a more accurate picture of the product's quality and value.
Smoothie Awards
Smoothie also hosts weekly contests where founders can showcase their web3 products.
These are called the Smoothie Awards.
10-20 products are selected to participate. Users can upvote up to 3 of their favorite products.
The winning product is determined based on a combination of factors including total upvotes and engagement.
Earning on Smoothie
On Smoothie, you can earn both Points and $USDC by writing high-quality reviews.
Our advanced algorithm removes reviews that are low quality. Some factors include:
- Quality of your review
- Your wallet history
- Your activity on Smoothie
Then our team evaluates the remaining reviews to approve the most helpful ones.
The people whose reviews are approved - are rewarded.
(The approved reviews that get more impressions, get more rewards!)
Earning Points
When you write a review and it passes the evaluation check, you earn 100 points!
Points represent Smoothie’s proof-of-discovery reputation metric.
Some things to know about Smoothie Points.
- As you earn more points, your reviews & ratings gain more weight.
- As you earn more points, you earn more $USDC.
- There’s no max supply of points.
- You cannot buy/sell points.
Earning $USDC
You will also be able to earn stablecoins ($USDC).
We will have a fixed daily Reward Pool amount.
Each day, people who write high-quality reviews will earn $USDC. This is calculated by:
(Your review impressions / All users’ review impressions) * Reward Pool = Your Reward
Remember, this is only for high-quality reviews that our team at Smoothie approves 👍
Reward withdrawals will be coming soon. Until then, get a bigger bag before everyone else joins.
Add a Product
Benefits For Products On Smoothie
- Increase user acquisition for product
- Get early feedback from the community.
- Build credibility by winning Smoothie Awards.
How do you apply?
Launch Tips
Smoothie Newsletter
Smoothie has a newsletter where we deconstruct crypto trends with visual storytelling. We will be sharing the winners of Smoothie Awards here so that products get extra visibility!
Future of Smoothie
Our mission is to connect people with authenticity. This is enabled with the open ecosystem of on-chain data.
Get excited. There is so much happening.
If you have any questions, feel free to reach our CEO Matt directly: [email protected]
FAQ
What is the process for approving products on Smoothie?
Currently, Smoothie’s internal team approves products. We consider several factors including quality, legitimacy, and safety. However, we may not always filter out the bad products. That’s where Smoothie’s community can support via upvoting and commenting!
What do I earn when I upvote?
You get 10 points per upvote. There are no financial incentives for participating on Smoothie. However, we’re planning on releasing an earning mechanic in the future.
Who can review a product?
Anyone who has used a product can review it. Without using the product yourself, it’s an opinion that might not be valuable to other users. If you’re a manager who hasn’t used the product yourself, make sure to include your team members in the review process.
What is a helpful review?
Reviews are a great strategy for businesses to acquire and convert more customers/users. Helpful reviews are the ones that help users make a decision about whether to purchase/use a product or not. Helpful reviews often provide more information about their buying journey and experience with the product.
What can I do with points?
As you earn more points, you gain more upvoting weight. Points will continue to become more important on Smoothie.
Litepaper subject to change with future version updates.