Rewards Type

Points

Points are distributed by the projects and serve as a measure on the project's leaderboard. They reflect your loyalty to this project and might be a crucial indicator for the project team to assess your involvement as an active community builder.

Token

In the context of blockchain and cryptocurrencies, a token refers to a digital asset or unit of value that is created and managed on a blockchain network. Tokens can represent a wide variety of assets, such as currency, assets, or even voting rights.

Tokens can be created on various blockchain networks, such as Ethereum or Binance Smart Chain, and can be used for various purposes, such as payment for goods and services, fundraising, and governance of decentralized autonomous organizations (DAOs).

Tokens are typically created and managed through smart contracts, which are self-executing code that runs on the blockchain. Smart contracts can be programmed to enforce various rules and conditions around the use and distribution of tokens, such as limiting the total supply of tokens or requiring certain conditions to be met before tokens can be transferred.

There are different types of tokens, including utility tokens, security tokens, and governance tokens. Utility tokens are used to access a specific product or service, such as the use of a decentralized application (dApp) or platform. Security tokens represent ownership or equity in a company, similar to traditional stocks or securities. Governance tokens allow token holders to vote on decisions related to the development and management of a decentralized network or organization.

Overall, tokens are a fundamental concept in blockchain technology and play a critical role in enabling decentralized networks and applications.

NFT

NFT stands for Non-Fungible Token, which is a type of digital asset that is unique and not interchangeable with other assets. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged for one another, each NFT represents a distinct and one-of-a-kind item, such as a piece of digital art, a video game item, or a music album.

NFTs are created using blockchain technology, which provides a secure and decentralized way to verify ownership and authenticity of the asset. Each NFT contains a unique digital signature that serves as proof of ownership and is stored on a blockchain ledger that is accessible to anyone.

On TaskOn, an NFT is usually used as a reward to users.

Whitelist

Whitelist refers to an authorized list containing specific users or addresses permitted to participate in a particular project, ICO (Initial Coin Offering), NFT (Non-Fungible Token) sale, or other activities. Only users or addresses included in the whitelist are eligible to participate, while those not on the list are excluded. This helps the project or organization control access and ensure that specific users can engage in the activity.

Discord Role

Earning a Discord role reward means you’ll have a unique badge of recognition within the project community, potentially granting you special privileges to help you engage more deeply in community building.