Smoothie Litepaper (v.1.1)
Web3 Discovery Is Broken
There’s no reliable way to find new web3 products.
Where do people go to find the latest products?
How do they know if they’re good?
Why should they care?
Web3 discovery is broken.
Introducing, Smoothie Awards. A discover-to-earn awards platform for web3 products.
Each week, founders share the web3 products they're building.
Smoothie’s users choose the winners by upvoting up to 3 of their favorite products per week.
Each product is given a score based on many factors including total upvotes and engagement.
The product with the highest score (and NOT upvotes) will be the winner.
(A product with a lower upvote count might rank higher and eventually win the competition. Number of upvotes is visible to everyone. We do not disclose a product’s score or the algorithm behind the score.)
Upvotes & Points
Users are rewarded for discovering and curating for the community.
Each active upvoter is rewarded with Smoothie’s proof-of-discovery reputation metric: points.
Here is how you can earn points:
- As you earn more points, you gain more upvoting weight.
- There’s no max supply of points.
- You cannot buy/sell points.
Smoothie Awards winners (1st, 2nd, 3rd place) are given Award NFTs.
These badges will be in the form of non-transferable (soulbound) NFTs and will be given to each team member listed on the product.
We will only give these to maximum 3 people on your team. So make sure you include them in your Smoothie product page! All winning team members are required to add their professional email address in their profile.
If you win, you will receive these in the next couple weeks.
Here is an example of what they look like:
Nominate a Product
Do you know innovative web3 products? You can now nominate them.
When you nominate a product, you will be recognized for it:
- Your name will be listed on the product’s page on Smoothie.
- You will earn 100 points.
- You will be a trusted source for discovering web3 products.
Products nominated by notable users will get priority in the application process.
Submit a Product
Benefits for Featured Products
- Increase your product’s user base.
- Get early feedback from the community.
- Build credibility by winning Smoothie Awards.
- Earn a Smoothie Award NFT.
- A web3 product you’re working on.
- Right now, Smoothie is completely free. This may or may not change in future.
- The approval process takes 2-3 weeks. Once approved, we will notify you!
How do you apply?
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 supercharge web3 startups. And more importantly, we will do it together with each and every one of you. The community ❤️
Get excited. There is so much happening.
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!
Why are some products with lesser upvotes ranked higher?
Smoothie’s product ranking algorithm is based on many factors. For example, users with more points have a higher upvoting weight. Also, wallets that seem like bots or fake accounts are not considered in the ranking calculation.
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.
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.
Can I re-post a startup on Smoothie?
Yes. But it has to be a meaningful update! For example, if you’re releasing a brand-new product, you can post again. If it’s just a minor upgrade, not a good fit.
Litepaper subject to change with future version updates.