Promotions

Gurus and users are able to promote any fund to have it appear on the main page, in the "Promoted" section. $GURU is used for each promotion.

How it Works

Funds are ranked in the promoted section by amount of $GURU spent.

  • Spend some $GURU to promote a fund for 24H

  • Spend some more $GURU to keep the fund in the promoted section, resetting the 24H expiration timer

  • Upon expiration of a promotion, 75% of $GURU accumulated is burnt, and 25% is awarded to the most recent promoter

This mechanism incentivizes users to continue refreshing the pot, while allocating most of the pot to burning $GURU.

Example:

  1. Bob uses 5000 $GURU to promote $BOB fund, and now there are 5000 $GURU waiting to be burnt after 24H.

  2. Alice uses 3000 $GURU to promote $BOB fund, now reaching an accumulated 8000 $GURU to be burnt after 24H from Alice's promotion.

  3. No one promotes the fund for 24H. Alice is awarded 2000 $GURU tokens, and 6000 $GURU is burnt.

Funds can be promoted via their respective fund page.

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