Today I will talk about the comparison and contrast of DAO LABS DAOVERSE against other incentivization methods

Types of cypto incentive methods known

1. Crypto faucet---> Get a small amount of crypto from crypto platform. For gas or other usage.

2. Bounty campaigns---> This is where time, research and trust matters in this type of work and incentive because as a bounty hunter, you do market the project's coin or token with the hope of getting paid after the bounty campaign.

3. Airdrops---> A project will give a portion of their tokens to their community just by joining their Discord or Telegram and doing certain easy tasks unlike in the bounty campaign that needs more sophistication.

4. Yield farming---> A project do create a liquidity pool wherein people can provide liquidity and then in return, the longer you are staked into the pool, the more tokens of the project you accrue.

5. Staking---> You will lock your coins or tokens in a wallet or a crypto-staking platform and the longer you stay your crypto there, the more coins/tokens you get coming from the inflationary rewards of the coin/token.

6. HODL this, get crypto-specific gas coin---> This is for specific crypto such as NEO and Ontology. Wherein the more you HODL, the higher you get in more GAS and ONG.

7. Parachain loan offering---> This is for Polkadot. Wherein you will vote using your Polkadot coin and if what you picked wins, you will get some coins from that project that is running on the parachain. Your polkadot will be locked for 96 weeks.

8. Giveaways---> A person can win a certain amount of cryptocurrency based on the raffle made by the project's team.

9. Social mining---> A type of community-based governance and staking wherein holders of a certain token can do certain tasks of high quality and get rewarded based on their influence, reputation and Points in the platform. This is where I invest my time and effort now because of its legitimacy and they do walk the talk. Check their documentation here!
   https://docs.daolabs.com/social-mining-docs/#why-do-projects-and-their-communities-need-social-mining

Competitive landscape chart

Key attributes to compare and contrast Social Mining with other crypto incentive methods

In this type of web 3.0 work, the key attributes being tested and the one to go to for the KPI or key performance indicators are these:

1. Time
2. Effort
3. Quality submissions
4. Cheating/botting prevention
5. Legitimacy of the payment
6. Short or long term
7. High or low stakes
8. Venture capitalist manipulated or not
9. Sustainability

The competitive advantages of Social Mining

----> With DAO LABS and the DAOVERSE, I know that being a social miner will do have the advantages than others and here is what I understand and checked on my own:

1. Staking as a service (SaaS)---> This is the first and only one with a unique type of staking wherein you will need to have a certain amount of tokens being held in your non-custodial wallet to be able to register and do the tasks for the present and future social mining hubs! Hence, it will be hard for cheaters to do multiple accounts because the more they do, the more they need gas fees and more time and more effort! Aside from that, the DAOVERSE has anti-bot protection so it will be fatal for cheaters to cheat once seen.

2. Earn based on your social media power's influence---> The DAO Labs' Daoverse has the only platform wherein it can track your tweets and retweets as well as your social media influence and reward you for points that has an equivalent from the crypto rewards pool! No cheater or botter can manipulate that!

3. Quality people with quality submissions are highly rewarded---> This is meritocracy. If you are going to reward someone, quality will always be greater than quantity and with more engagement to the post. That is what being made in here. If you follow the instructions and do it legibly, you will get rewarded. It can also be converted to 'Reputation points' once the DAO Labs team see your effort and time with along with its quality.

4. No Venture Capitalists (VCs) can manipulate----> No VCs can dump on the community. That's it!

5. Multiple income flow for social miners---> If you are diligent and has time, you can earn multiple times in the DAO Labs platform. Provided that you are still following the rules and doing the tasks with high quality. You'll enjoy it I promise!

6. Legitimacy---> The DAO Labs team and its platform are legit and true to their word. Unlike crypto bounty programs wherein you work for free and after quite some time, either you are not get paid or the project was not successful to raise funds in the end.

Threats and weaknesses of Social mining

Threats

1. Multiple account creation and botting---> People who are greedy and wanted to create multi-accounts for purpose of getting a larger rewards pool.

1. Plagiarism---> Self-explanatory, other people spin words or just are getting the sequential order of words being jumbled

2. Low-quality submissions---> These are attempting to be social-miners but when they do the work, it is like they did it in under a minute. No punctuations, no elaboration, no explanation and with wrong spellings are a sure to get your work get rejected.

Weaknesses

1. Funds are needed---> Because you need to stake/HODL your coins or tokens on your non-custodial wallet to be able to have your tokens get scanned for the 'workdrop' after the period that the DAO Labs team and other crypto projects team integrating into DAOVERSE. This is not the type where you are only investing your time and effort.

2. Skills-based tasks---> Not all social miners have the same skill-set. Others do not know how to code, how to design, how to edit videos and pictures and so on. That is where the imbalance of rewards goes to. Improving yourself and learning more is the key!

3. Time-based volatility---> You are being paid on your workdrop in crypto. Therefore, the current situation of the market will determine on how much are you getting not in USD value but in the amount of crypto. You will be lucky if your workdrop is given on the bearish market and then after a month, the market pumps. You gain more. What if it is the opposite scenario? That is the risk and weakness I am seeing.

Conclusion

---> Being a social miner for about over a year now, I can tell you that the future of social mining is bright! To tell you, I already experienced all crypto-incentive methods that you can name at this time. And the only one where I got my focus to is social mining! Because they do have a platform and all instructions are in there. The automation is accurate and they are professionally created as well. Aside from that, the DAO Labs team is comprised of different developers and community builders from top crypto projects so they walk the talk!

For more information about DAO LABS community and its DAOVERSE, go here:

Website: https://www.daolabs.com/

DAO Labs documentation: https://docs.daolabs.com/social-mining-docs/

Pitch Deck: https://drive.google.com/file/d/1gIkfAyaO8DzdQJO7DoGnFOsi5gr2nN5Y/view

Medium Blog: https://medium.com/dao-labs

Twitter: https://twitter.com/TheDAOLabs

Telegram: https://t.me/DaoLabs

Youtube: https://www.youtube.com/channel/UCF6ZIYuwezGjG1wOPW8Fctw

About the author: Francis3
in the DAO Labs app.