The **Proof of Effort Token (POET)** is a blockchain-based reward system that incentivizes users based on the effort or time they spend on a particular task. Unlike traditional reward mechanisms that
The Proof of Effort Token (POET) is a blockchain-based reward system that incentivizes users based on the effort or time they spend on a particular task. Unlike traditional reward mechanisms that rely on financial investments or computational power (such as Proof of Work), this project focuses on rewarding individuals for their actual effort.
Users can log their time spent on tasks by interacting with the smart contract. When a user submits their effort (measured in time), the contract calculates and distributes tokens as a reward. To prevent abuse, there is a minimum time interval between effort submissions.
Effort-Based Rewarding: Users earn tokens proportionally to their time spent.
Fairness & Transparency: The contract ensures that only legitimate efforts are rewarded.
No Initial Supply: New tokens are minted as users log their efforts.
Abuse Prevention: A time restriction prevents rapid or repeated submissions to manipulate the system.
Education & Learning: Reward students for studying or completing courses.
Work & Productivity: Encourage workers to track and improve their productivity.
Fitness & Well-being: Incentivize physical activities like exercise or meditation.
This project provides a decentralized and fair method to recognize and reward individual contributions based on effort, making it applicable in various real-world scenarios. 🚀
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