Evaluation Toolkit: Tokens

Tokens

We are always looking for new tools to help you evaluate ideas and select the right ones for your business. The newest tool in the Evaluation Toolkit is Tokens, which allows a Challenge Manager to assign tokens to everyone, or select groups or individuals, that can represent time, money, sponsorship, votes - the sky's the limit.

Some examples of Token driven Challenges include:

Kickstarter Challenges

The Challenge Manager can assign Tokens to represent Money, and then require Creators to drive enough support to progress their Idea to the next stage. Just like Kickstarter, Creators can have defined periods to get the minimum resource required in order to progress to the next stage.

Hackathons

If you are running a Hackathon,  the Tokens can represent Time (Hours or Days) and Creators can be tasked with getting commitments to build their Idea within the specified period.

Senior Sponsorship

Encourage your Senior Leadership to publicly endorse Ideas and commit to getting them implemented, by using Sponsorship Tokens for limited individuals.

To learn more about how Tokens can support your objectives email support@wazoku.com or contact your Customer Success Manager.

 

Admins and Challenge Managers, read more to learn how to set-up Tokens for your Challenge.

Contributors, read our article demonstrating how to grant Tokens to individual ideas!

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