What is $TRUST?
TRUST score ($TRUST) is a non-transferrable reputation token that represents the “skin in the game” that value-driven members of the blockchain community have put towards advancing Trusted Seed’s mission. $TRUST lives on Gnosis Chain.
Anyone holding $TRUST is a member of the Trusted Seed, a highly curated list of reputable & experienced community members who are dedicated to creating sustainable funding for public goods using token engineering and commons management best practices.
How can I earn $TRUST?
If you’re new to Trusted Seed, the first step is to apply to become a Trusted Seed member. The Trusted Seed Gardeners will review your application. Once you’ve been accepted, you can proceed with the activation of your membership to receive your initial TRUST score and continue building it with your contributions to Trusted Seed.
Existing members of the Trusted Seed can increase their TRUST score by:
- Donations and membership dues:Â Anytime members donate to Trusted Seed or pay membership dues, they receive a score increase, and the more they donate/pay the larger the increase.
- Getting “Praise”: When people help us advance towards our goals, our community recognizes these contributions by dishing Praise in the Commons Stack Discord channel which increases TRUST scores.
What can I do with my TRUST score?
Governance rights: Individuals with TRUST score will be able to participate in certain Commons Stack governance decisions such as voting to select which communities will participate in future Commons deployments.
Last year, the Commons Prize was launched to choose the next community they would work hand-in-hand with to deploy a Commons based on their cultural and technical design patterns. Using the TRUST score, Trusted Seed members voted for the 3–5 finalists that would advance to the next round and then voted for the final winner.
Participation in future Hatches: TRUST score will enable people to participate in future Commons Hatches, bringing in their experience and expertise to help guide these Commons towards success.
The Hatch phase can be considered the initialization of the Commons. This is where a group of trusted community initiators come together and make the initial decisions on how the Commons will be set up.
In the TEC Hatch, every $CSTK (now $TRUST) held allowed its holder to send 10 xDAI into the Hatch. We expect future Hatches to also parameterize in a similar way where the more $TRUST you have the more funds you can put into an early stage Commons.
For more information about your TRUST score, you may reach out to our Trusted Seed Gardeners iviangita#3204 and Yineisy Mota#1449 on Discord.
*The original version of this article was first published by Commons Stack in 2022.