Review proposal: Minimum spends to be counted as spend transaction by aggregation #174
Polype01
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KRE 4.0 Discussion
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Minimum Spend | The minimum spend amount needed to be made by an active user to be counted as a spend transaction. | 0.01c USD worth of Kin. | 833 Kin
Regarding this point, I think the KRE 4.0 should check all the spends amounts made by one user per day that are above the valid spend threshold (833 KIN) + determine the number of valid spends by aggregating the smaller amounts that are under the valid spend threshold (833 KIN).
The 0.01 cents spends can still be high for social apps/chat apps like Cafeteria and Metakin.io.
To-Be proposed solution
During a period of 24h (daily), check the spends made by a user in the in-app wallet
check all spends from that user
if a user spent KIN in-app like this in one day:
select all the spends that are above the valid spend threshold
833 KIN in 1 separate transaction -> automatically counts as 1 valid spend
1000 KIN in 1 separate transaction -> automatically counts as 1 valid spend
10000 KIN in 1 separate transaction -> automatically counts as 1 valid spend
then take all smaller amounts that are below the valid spend threshold (833) and aggregate all those amounts.
8330 KIN were spent by user during the day but all those amounts were smaller than the valid spend threshold
-> take 8330 KIN / valid spend threshold = 10 valid spends
-> In this example, 13 spends transactions should be taken into consideration
and do this for all users of the App.
Currently, with the proposed KIN KRE 4.0 proposal, with my example, only 3 spends of 833 KIN and above would be taken into account for the KIN KRE weekly rewards
I understand that the idea is to get rid of apps that would create artificial KIN spends of very little amounts artificially all the time and prevent those apps to game the KRE but in practice, a lot of smaller spends by social media apps should also be considered.
In Metakin, all users that will perform very little spends (1 KIN, 10 KIN, 100 KIN) will be made by real users so those transactions deserve to be included in the KIN KRE 4.0
Polype01
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