Rewarding achievements through Hive Cryptocurrency - Magic Monk Achievements

Hi everyone, first time posting in Leo Finance. My nickname is Magic Monk, I started posting on Hive about 8 years ago (when it was called something else). If you have heard of me at all you probably remember the "Hive Mates" tool that I created, which you can use to look up how much money someone has contributed towards your posts.

In this article I would like to propose a prototype for using a mixture of Hive, Hive Mates and Magic Monk Achievements to reward achievements. What are achievements? Well, recently I started attempting to break the world record for "Fastest speed to type A to Z with spaces in between blindfolded". I started telling people that I was breaking this world record and a lot of questions goes like this: "How much do you get paid for breaking it?" After doing some research, I can't see anyone who would directly pay me for this world record. If I became famous and got some brand deals and started endorsing their products, then maybe there is money, but that is not payment for the world record itself.

In fact, if I want a judge to come verify my world record, I would have to pay the world record authority. Or, if I want to speed up the world record application, I would have to pay money as well. So it's the opposite of getting paid really.

A lot of us play PC / console games and the cool thing is achievements through games are already tracked. Defeated the final boss in Elden Ring? Got promoted to Vanquisher in Tekken? Earned an MVP award in Rocket League? They're all achievements that take time and skill. How much did you get paid? $0. I would like to start changing that. Maybe through doing this we will bring some new excitement into Hive.

Change happens naturally one small amount at a time. I am currently only rewarding typing speeds, but I will get onto other achievements. I didn't have much of a plan to start with, so It started off with looking for someone who can beat my typing speed. As nobody can do that, then I changed to achieving 100 words per minute. Now I would like to set up a proper system around typing, and then use that as an example to gradually move into other learning areas.

Magic Monk Achievement Rewards for Typing:
80 Words Per Minute = 5 Hive reward.
Every 10 words per minute after that = 3 Hive reward.
Typing Reward pool limit = 200 Hive

For example, if someone can type 90 words per minute (proven using the criteria I stated in this article), then will get 5 Hive for being able to type 80 words per minute, then they will get another 3 Hive for the additional 10 words per minute, which means they will have earned 5+3=8 Hive in total.

If someone can type 100 words per minute (100 = 80 + 10 + 10), they will be rewarded with 5 + 3 + 3 = 11 Hive.

The rewards pool limit is how much money I'm willing to pay in total for now for typing rewards. The amount will be constantly re-evaluated and is subject to change depending on what happens next.

If you don't know about Hive Mates, this article explains the tool that I have made in the past. It was simply a tool for you to look up some data related to your voting patterns on Hive. Eventually I would like to integrate Magic Monk Achievements into Hive Mates, people can use it to look up other people's achievements. For now I will probably just track people's achievements on a spreadsheet until we get bigger.

If you're interested in participating in Magic Monk Achievements for typing to get some rewards, please see my previous article on how to prove your typing speed. Essentially you will need to comment your Nitrotype public profile URL (e.g. mine is https://www.nitrotype.com/racer/eddiethemagicmonk) which will show your WPM and you need a minimum of 10 races.

Thank you for your support and consideration. Look forward to seeing where this idea leads.