Ubiquity (UBQ Token)
This is an additional incentive to get the bounties done promptly. If a bounty is completed within the defined "Time" associated with the bounty, a 1:1 USDC:UBQ bonus will be added to the bounty hunter's compensation. As the bounty hunter is late , then we taper off the UBQ reward (but still pay 100% of the cash compensation). The formula can be calculated linearly, by the day. For example, for a bounty labeled as "<1 Week" we expect a max of 7 days for it to be completed.
- Scenario A: Bounty hunter takes 2 weeks; Gets 1000 USDC + 0 UBQ.
- B: Bounty hunter takes 1 week; Gets 1000 USDC + 1000 UBQ.
- C: Bounty hunter takes 10 days; Gets 1000 USDC + 571 UBQ.
10 days / 7 days = 1.4285714286 (the hunter used 143% of the allotted time, aka they are late) 2.0 - 1.4285714286 = 0.5714285714 (57% remaining until 200% time, aka 0 UBQ rewards) 0.5714285714 * 1000 UBQ = 571.4285714 UBQ (57% of the originally promised UBQ rewards, because they are late)