Tuesday, July 10, 2018

[Hilarium ICO Talk] Start of the Hilarium Coin Reward Platform - Token Economy




People, of course, are doing things for themselves when they have a new challenge, but a considerable amount of time and effort must be put in place before meaningful outcomes are achieved. 
In general, the progressive phase of exercise or studying indicates a cascading rise, such as above, compared to input resources.

Therefore, the period in which the outcome is not achieved is maintained for a considerable period, compared to the time and effort put in. 
Because of this, after a certain amount of time passes, most people are failing to wait for the achievements of the exercise or studying. 
This is because people instinctively want maximum results or reward for input efforts, whereas it takes too long to get the feedback on results.

So, if feedback on this outcome takes a long time, we start to think about the necessity of a new reward system, that gives rewards for own efforts, and not for results. 
In this case, it will be much easier to achieve long-term outcome by encouraging people and sustaining their efforts.

However, the existing reward compensation system is almost impossible to be used for this purpose. 
The reason is that it is difficult to solve the issue of how the entrepreneur will raise funds the incentives.

Also, even if you earn points for your efforts, it is difficult to convert these points into rewards, and if your reward usage is extremely limited ,eventually, it is hard to expect big effects, for the customer will not feel that it is a practically useful incentive. 
So, for now It can be said, that there is no proper system as a reward for this purpose.

Hilarium can solve this issue easily. 
Entrepreneurs do not have to worry about capital consumption due to the reward payment, and rewards paid to customers are valuable for immediate using. 
Therefore, regardless of outcomes, customers will be motivated to work constantly simply by receiving a valuable reward in proportion to how much effort and time they have spent.

In fact, Hilarium was initially designed In order to solve the incentive issue for continuous exercising in Hilarius.




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