TL;DR:
Territories V2 rewards engagement in the Territory by distributing pooled earnings based on Time Points (t.p.) accumulated from reading and writing. Members can securely withdraw their earnings at the end of each Time Period.
With Territories V2, we’ve introduced a completely new monetization system to build collective wealth and distribute it between contributing members.
The premise is simple: get rewarded for reading and writing. In this post, we’ll talk about everything you need to know to earn rewards on t2.
What is a Territory?
Before we dive into more details, let’s define what a Territory is:
A Territory is a community-owned publication that brings people together through the sharing of ideas in long-form writing.
To expand on key terms:
Community-Owned: Every paying member has a stake in the Territory in the form of a digital collectible, making it a shared digital space where each member’s contributions, both as a reader and writer, shape the community’s growth.
Publication: Territories are content-first, and prioritize the creation and discovery of high-quality, impactful posts that elevate community signal.
Idea Sharing Through Long-Form Writing: Territories prioritize long-form posts as the central format, creating a space where thoughtful, in-depth ideas can be expressed and explored.
Here are some great sample posts from the variety of topics on t2:
Why Did We Build Monetization This Way?
With Territories V2, t2 aims to address some of the key problems that plague the current content-subscription marketplace:
- Platform-specific audiences create silos that make initiating new publishing endeavors daunting
- Audiences are often viewed as a source of monetary value extraction, and their readership, which adds measurable value to creators and the network, isn’t fairly rewarded or incentivized.
- Shortening attention spans leads to a perceived decline in interest in long-form, in-depth content types, lowering the demand for well-researched deep-dive posts
- Likes and comments are poor ways to measure audience engagement and interest, and don’t accurately reflect users’ credibility in a community
The Territories V2 monetization system is designed with several guiding principles to address these issues:
- Collective Wealth Building: Members of each Territory contribute to a pooled reward fund so members are aligned with growth in the Territory. New writers are able to join hands to publish content on the same topic together, rather than starting from scratch.
- Recognition of Reader Contribution: Power readers who engage with content also earn rewards, allowing readers to be recognized for their contribution within the Territory.
- Incentivizing Long-Form Content: Utilizing t.p. and rewards to incentivize both the writing and reading of long-form posts fosters deep and meaningful exchanges within each Territory as an antithesis to the current fast-and-short media consumption habits.
- Time Points (t.p.) as a Reputation System: t.p. represent a user’s engagement level and reputation within a Territory, helping to establish trusted voices within the community.
How is t2 different from other writing platforms?
Unlike other writing platforms like Substack, Medium, or Paragraph, t2's monetization model adopts a decentralized, community-driven approach focused on dynamic engagement within Territories. Specifically, t2 offers:
Flexible, Role-Based Participation: Instead of relying solely on subscription fees, t2 enables Admins to create customized Membership Roles with varying access permissions and monetization requirements. Learn more about Membership Roles on t2.
Customizable Role Requirements: Membership Roles can be free, t.p.-based, paid in $USDC, or Invite-Only, allowing for multiple entry points tailored to different levels of engagement, contribution, and accessibility.
Community-First: t2 prioritizes community involvement over individual paid access, as users can earn and utilize Time Points (t.p.) to unlock roles, features, and build credibility.
Collaborative Rewards: Through a co-earning rewards system, Territory rewards are distributed monthly based on accumulated t.p., emphasizing shared growth and active participation within the Territory.
How Does Monetization Work in Territories?
Monetization in Territories works in a simple 3-step process:
- Territory Reward Pool: Each Territory’s reward pool is funded by paid Membership Role Subscriptions.
- Time Points (t.p.) Earning: Members accumulate t.p. by engaging with content, which serves as a measure of their contribution to the Territory.
- Distribution of Rewards: Rewards are distributed proportionally based on the t.p. earned during the Time Period. The distribution of rewards happens at the end of each Time Period.
How do I Earn Time Points?
Readers earn t.p. by reading with content, while writers earn by writing posts that receive readership.
For each t.p. earned by readers, writers receive an equal amount. However, this may change in the interest of striking a fair balance for recognizing the contribution of readers and writers.
In the future, we’ll expand the ways in which t.p. can be earned. Let us know which types of actions you think are deserving of t.p. in the comments! :))
How do Time Periods Work?
Time Periods are distinct durations during which members’ contributions are recorded. They start at the beginning of each calendar month, and conclude at the end of each calendar month. Distribution happens on the 5th of the following calendar month.
Example:
- Time period start date: November 1st
- Time period end date: November 31st
- Distribution date: December 5th
Who can earn rewards?
To earn rewards in a Territory, you need the appropriate permissions and must accumulate t.p. within the Territory during the Time Period.
First, make sure you currently have a Membership Role that has “Territory Earnings & Distribution” permissions turned on. Then, simply read or write within a Territory to earn Time Points (t.p.).
Roles that don’t have “Set-Price” requirements and do not contribute to the Territory funds pool can also earn rewards. For example, a writer (or moderator) may not contribute funds, but are still eligible to earn based on the amount of t.p. they have earned during the time period. The Territory Admin is able to modify and specify which roles are eligible for monetary distribution.
The top 1000 members within a Territory will be eligible for reward distribution.
How Are Rewards Calculated and Distributed?
We use the following approach to calculate the rewards each member receives
- Total Rewards Amount per Time Period: Each time period, the pool available for distribution is calculated based on the number of paying members and the membership fee, minus any platform fees.
- Example: For 10 members paying $10 each, $90 is available for distribution (t2 takes a 10% platform fee).
- Mapping t.p. to the Distribution Pool: All t.p. accumulated during the time period are mapped to the distribution amount.
- Example: If a total of 50 t.p. were generated by eligible members, those 50 t.p. are mapped to the $90 pool.
- Individual Share Calculation: Each member’s t.p. contribution is divided by the total t.p. generated to determine their share of the reward. Both reading and writing t.p. are considered in the distribution calculations.
- Example: following the example above of total 50 t.p. generated and a rewards pool of $90: User 1: 25 t.p. = 50% of $90 = $45User 2: 5 t.p. = 10% of $90 = $9User 3: 10 t.p. = 20% of $90 = $18User 4: 8 t.p. = 16% of $90 = $14.4User 5: 2 t.p. = 4% of $90 = $3.6Users 6-10: 0 t.p. (do not receive any rewards)
How do I Withdraw my Rewards?
Rewards are denominated in $USDC on the Base Network.
At the end of each time period, rewards will be automatically distributed and will be ready to withdraw. Partnering with Splits Protocol, your funds are securely stored using blockchain technology (within a warehouse smart contract), ensuring that only you can withdraw them.
Rewards are accumulated across all eligible Membership Roles across all Territories. All accumulated rewards will be securely held until you withdraw them and will carry over indefinitely.
- Example:
- User1 earns $5 in time period 1 in t/web3, but does not withdraw
- User1 earns $10 in time period 1 in t/timesquare, but does not withdraw
- User1 earns $5 in time period 2 in t/web3, but does not withdraw
- Total available to withdraw: $20.00
Navigate to your rewards dashboard and select the withdrawal option. Funds must be withdrawn to the wallet address associated with your t2 account. Please make sure this wallet address is correct before withdrawing.
FAQ:
Why digital currencies?
We use digital currencies like $USDC on Base to provide global access and eliminate the barriers of traditional banking, such as currency conversion fees and regional restrictions. Blockchain technology ensures secure, transparent transactions, allowing for instant payments and quicker access to earnings. This aligns with t2’s vision of decentralized communities, empowering users with more control over their payments and interactions on the platform.
How are disputes or errors in t.p. calculation or reward distribution handled?
If there are any disputes or errors, please contact t2 immediately via Discord in our #support channel. Once rewards have been successfully distributed, not even t2 can make any further changes.
Are there any fees on the platform?
t2 takes a 10% fee for every membership transaction. This helps keep t2 running and supports the development of new features for you!
Are there any limits on how much t.p. or earnings a member can accrue within a Time Period?
No.
What happens if I don’t engage during a Time Period?
Members who don’t engage will not earn any t.p. and, consequently, will not receive any rewards.
Can I lose rewards if I cancel my membership?
If you cancel your membership before the end of a Time Period, you forfeit your eligibility to receive rewards.
What happens to unused or unallocated rewards in an Territory?
All funds accumulated during a Time Period in a Territory will be distributed.
What are the tax implications for my earnings?
Users are responsible for reporting and paying any taxes on their earnings based on the tax laws of their country or jurisdiction. We recommend consulting a tax professional for guidance based on individual circumstances.
Are there specific rules or guidelines for monetized content within Territories?
Territory Admins determine the guidelines for acceptable content within a Territory, and must follow t2 Admin’s code of conduct. All content on t2 must abide by t2’s user policy, and content in violation may be subject to removal.
