Vote and Earn v2
Rules
Vote and Earn V2 is an optimized version with more unpredictable elements than V1
The system will randomly select a song every day so that the singer can participate in the contest by singing that song.
The SingSing system will automatically choose two records from 2 singers to be included in the voting event from among the cover songs that singers submit each day in order to compete in the contest. Voters will predict which song will receive a higher score from the AI when the voting event is launched the following day inside a day.
Voting is open to all users of the SingSing system, however in order to vote and be eligible for rewards in the form of $Sing Token, participants must have $Sing Token.
Voters will listen to 2 cover songs in the event and decide to vote with $Sing tokens on which cover song will be scored higher by AI (1 out of 2 songs).
The winning song indicates that the voters will win, and the prize will be distributed equally based on the amount of $Sing Tokens each voter used to participate in the voting process.
For a song to win, a higher score is required. The total points of a song will include:
AI Score (Scored by AI): Artificial intelligence (AI) automatically grades songs, averaging the results of three AIs according to the criteria of timbre, pitch, and lyrics (out of 100).
Voting participants Bonus: The score is calculated by dividing the number of voters cast for the song with the highest number of votes by the voters cast for the song with the lowest number of votes. 6 points is the maximum.
Voting Sing tokens Bonus: The ratio of the total $Sing tokens of the song with the most votes to the total $Sing tokens of the song with the fewest votes determines the amount of points awarded for each song. 6 points is the maximum.
For Example
The voting indexes are as follows:
| Index | Song A | Song B |
|---|---|---|
AI Score | 90 | 89 |
Voting participants | 100 | 50 |
Voting Sing tokens | 5000 | 40000 |
Points will be calculated as follows:
| Result | Song A | Song B |
|---|---|---|
AI Score | 90 | 89 |
Voting participants Bonus | 2 | 1 |
Voting Sing tokens Bonus | 1 | 6 |
Total Points | 93 | 96 |
In the end, Song B will win
Timeline
Day 1 | 0:00 - 24:00 : Start receiving content records from users
Day 2 | 00:01 - 7:59 : The system analyzes the data and chooses two songs for voting
Day 2 | 8:00 - 22:00 : Voting Event
Day 2 - Day 3 | 22:01 - 7:59 : Result announcement & reward distribution
Reward Pool
5% of total voted $Sing will go to SingSing system (*)
Reward pool will be the total number of $Sing tokens of those who voted for the non-winning song.
80% for voters who choose the winning song (**)
10% will go to the singer of the winning song
5% will go to the singer of the unsuccessful song
(*) In case the loser's pool is 80% lower than the winner's pool. Then the winner will not lose 5% fee for SingSing system.
(**) Depending on the percentage of $Sing tokens that were used to cast a vote, divide equally.
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