What are blockchain-based online communities?

Compared with traditional online communities, blockchain-based online communities (e.g., Steemit) utilize unique token-based incentive mechanisms. In the Steemit community, STEEM, SP, and SBD can be analogized to cash, shares, and debt in a common economic system.

Do blockchain-based communities have incentive mechanisms?

As for blockchain-based communities, token-based incentive mechanisms are provided. Therefore, this paper explores the impacts of these unique mechanisms and factors (e.g. share capital and economic feedback) of the blockchain-based community. The research results increase our understanding of the knowledge community's incentive mechanism.

Are blockchain-based communities better than traditional communities?

Compared with traditional communities, blockchain-based communities have formed better value co-creation and achieved incentive compatibility with users. The characteristics of DAOs lead to different user participation behaviors.