Recently, Maxity.io officially announced its first “Volunteer and Reward” model. This plan will bring the Web3 world to volunteers around the world, encourage volunteers to put various public welfare actions and practices on the chain, and encourage more people to become Web3 volunteers and contribute to the realization of the 17 Sustainable Development Goals set by the United Nations.

From P2E to V&R Model

Maxity is the world's largest charity NFT Marketplace and the world's first Web3 social impact protocol. The "Volunteer and Reward" model (hereinafter referred to as the "V&R" model) is designed to encourage volunteers to publish, verify and disseminate public welfare actions and volunteer activities on the chain based on Web3 and blockchain technology, spread positive energy in the blockchain world, and attract more people from all over the world to participate in volunteer services and solve various social problems around the world through token rewards.

During the bull market cycle from 2021 to 2022, the "Play and Earn-P2E" model represented by Axie Infinity became popular, allowing players to earn tokens and make a living while playing games. This sounds great, but the reality is not so.

The price of Axie coin peaked in November 2021, but due to the unsustainable reward model, the price of the coin began to plummet. As of now, AXS has fallen by more than 90% and SLP has fallen by more than 99%. In March 2022, a hacker attack on the Axi Infinity sidechain Ronin Bridge caused it to lose nearly $625 million and prevented Ronin players from withdrawing money for a time. AXS and SLP plummeted again. In the end, a large number of players suffered heavy losses and were left in a mess. According to Bloomberg, this incident made Web3 look like "an unguarded financial tool that allows hackers to attack anyone at will."

Blockchain technology should have changed and reshaped the world at an unprecedented speed, bringing people a new and better industrial future. However, as people have seen, the Web3 field is being used by some people with ulterior motives to squeeze money from users. A large number of Ponzi schemes and dog projects have emerged, treating users as leeks and harvesting them crazily, which has made many users feel indignant and fled the blockchain world. Several projects of the Move-to-Earn model that have exploded this year have not escaped the double death spiral of plummeting coin prices and shoe prices. The "X 2 Earn" model that attracts users with the expectation of recovering costs in a few weeks or months seems to be a new Ponzi scheme.

Based on the current situation, it is worth paying attention to how the "V&R" model based on the symbiotic metaverse created by Maxity will solve this industry problem. It is also exciting to see how this "V&R" model can better attract more people to participate in volunteer activities to solve various sustainable development issues around the world.

The birth of the “Volunteer Rewards” program

In June this year, Maxity announced the birth of the world's first "Volunteer and Reward" Web3 model at the Maxity 2.0 launch conference held by the British House of Lords. The program will be integrated into Maxity's Symbiotic Metaverse, bringing Web3 to volunteers around the world and applying blockchain technology to the sustainable development goals of mankind proposed by the United Nations. These goals revolve around themes such as no poverty, zero hunger, good health and well-being, quality education, gender equality, clean water and sanitation, affordable clean energy, decent work and economic growth, industry/innovation and infrastructure, reducing inequality, sustainable cities and communities, responsible consumption and production, climate action, underwater life, terrestrial life, peace/justice and strong institutions, and partnerships to promote the achievement of goals, drawing a blueprint for people to build a better and more sustainable future. ​

At first, Maxity named the model the "Volunteer-to-earn" model so that people can better understand the plan and set up the economic model accordingly. However, in practice, we realized that this naming method would distort the original intention of volunteer activities and have a negative impact on charitable activities full of positive energy. The purpose of volunteer activities is not to make money. At the same time, the reason why the X to Earn model cannot escape failure is that most projects are just trying to make money, but there is no outward income. In Maxity's model, moderate rewards for volunteer actions can be given back to volunteers, and these rewards can be reasonably absorbed by the industry dividends of Web3, ensuring the sustainability of the incentive model. Therefore, Maxity iteratively upgraded the "Volunteer-to-earn" model to the "Volunteer and Reward" model.

Web3 industry first "Volunteering is rewarding"

Former US President Nixon once said: "Volunteer service is one of the hallmarks of the American way of life." According to statistics, there are nearly 1 billion volunteers in the world, and more and more volunteers are coming into people's sight. In the name of volunteers, they care for others, make contributions without compensation, and convey the positive energy of helping each other, helping the needy, and helping others with love. The volunteer spirit of "dedication, friendship, mutual assistance, and progress" has also penetrated into people's hearts with the footsteps of volunteers and has become a global fashion that will never fade.

In the current situation, many businesses and schools are forced to close, social inequality and global poverty are exacerbated, and many offline volunteer activities are restricted. The "Volunteer-to-earn" model proposed by Maxity will be an affirmation of volunteer activities from the Web3 world. When various NGOs and charities are struggling to know how to better motivate people to participate in volunteer services, or encourage them to spend more time and energy on volunteer activities to solve social problems, the "Volunteer-to-earn" model will become an effective incentive tool for them.

This model innovates the connotation of the Web3 industry and opens the door to the Web3+ social impact model. The long-term development dividends of the Web3 industry can make the incentive model sustainable, and also encourage many philanthropists to join the blockchain world and solve global social problems in a sustainable and positive way.

How do volunteers get rewarded through Maxity?

Maxity invites volunteers to join the Symbiotic Metaverse to serve the charitable tasks issued by charities, changing the behavior of traditional volunteers. Various charities publish different charitable tasks on the virtual land of Maxity's Symbiotic Metaverse. These tasks are based on the problems they are committed to solving, and they work with Maxity and the charity's DAO organization to formulate reward standards.

Volunteers around the world can start taking on charity tasks as long as they hold the Avatar NFT of the Symbiotic Metaverse, and will receive certain rewards after completing each task and being certified.

Rewards come in two forms: Max Token, the token of the Maxity platform, and MAXI Token, the token of "voluntary action is reward".

For example, if a charity organization in the Symbiotic Metaverse plans to hold a volunteer event, they can recruit participants from all over the world, and each participant can complete the task offline or online. At the same time, with the help of innovative implementation forms such as AR technology, volunteer activities can become very interesting (think Pokemon Go).

Completing tasks will bring rewards to charities and volunteers. These rewards can come from Maxity or from various organizations in the Symbiotic Metaverse, such as charities, governments, businesses, etc.

According to the size of their contribution, participants can receive MAXI coins as rewards. Maxity members can use MAXI coins to redeem equipment in the metaverse, upgrade facilities on virtual land, build buildings, etc.

All facilities, buildings, and land in the Metaverse exist in the form of NFTs, and users can trade them on Maxity's NFT trading platform.

Maxity will rationally customize the return on investment ratio for Avatar NFT and the "V&R" model. The external income from donors, government and corporate funding, and the return elasticity corresponding to the dividends of the Web3 industry can ensure the sustainable operation of the model, and the incentive model will not be broken, thus solving the short life cycle problem of the X to earn model.

Conclusion

In summary, the world's first "Volunteer-to-earn" model created by Maxity will be a Web3 application that combines innovation and social responsibility, and has the opportunity to become a disruptor that escapes the fate of failure of X to earn model Dapp.

The plan will attract many Web2 users and socially responsible volunteers from around the world to enter the Web3 industry, and to a certain extent change people’s prejudice against the blockchain industry, so that blockchain technology can better serve the society, thoroughly reform the traditional Internet industry, and achieve a comprehensive upgrade of the information industry.