3.5.1. Quiz mining

Tokens that are acquired by taking quizzes through the QUIZTOK ecosystem are given as rewards to individuals. This is like the mining method that is given as a reward for blocks when finding hash values in the existing PoW method.

The quiz mining method is a good alternative approach to inefficient PoW method and this can make the QUIZTOK block chain-based ecosystem more efficient and productive.

A portion of the total token issuance of QTCON is given as a reward when an individual solves a quiz, and the QUIZTOK team deposits an amount that can be regularly distributed every day for a certain period in the Reward Pool for quiz mining.

The number of tokens provided as a reward to users may vary depending on the exchange value of points.

Tokens’ exchange rate is calculated by reward points in QUIZTOK platform. Even though users have same number of points, Tokens exchange rate can be flexible based on the number of users.