Overview

Our Mission: Leverage the power of web3 to Create and sustain a zero-barrier entry point for quality of mental healthcare.

Compass matches the product experiences closely with the tokenomics design. We begin our flywheel and create liquidity through our product game-mechanics and initial rewards - creating incentives for users to both spend (on rewards) and hold (for clinical services) tokens.

What makes Compass unique is that the challenge for therapists is the “work” that happens in between sessions. Compass provides value for both sides of the marketplace by rewarding users for continuous engagement between sessions - working to earn more tokens to exchange for their next therapy session.

We have continued to be thoughtful about when and how we introduce rewards - working closely with our clinical advisors to refine our user journey and game mechanics to match the latest academic research on Gamification as an approach to improve resilience and Gamification for mental health.

We envision a world where Compass can serve individuals throughout the lifecycle of their mental health journey and be the friendly nudge to engage in a daily mental health practice and lifestyle of holistic wellness.

Tokenomics Breakdown

Compass Tokenomics Cliff and Vesting Model Schedule

Ecosystem Assets

• $COMPS - reward token. Earned through game-mechanics, completion of learning sprints, and achievement of health goals. Used as currency within Compass marketplace
  • Starting with our affiliate marketplace and evolving into payment for therapy services.
  • Infrastructure needed: Compass will pay 3rd party therapy networks in USD for services (with greater adoption, this could evolve to payment in $COMPS)
• Ion’s - Dynamic NFT Badge that is awarded upon account creation. Positive charges are earned through completion of daily tasks (mood check in, peer encouragement, journaling)
  • Value: Positive charges allow for greater use of the platform, unlock access to new content. Lack of engagement will result in negative charge, users will not unlock new content without a threshold of Ion’s.
  • Ion’s will also serve as a users system of record for their health data. We deploy a smart contract with a user's biomarker data to allow for full ownership. Should a 3rd party want access, the user will be paid a royalty.
• Downstream: Governance token. Used to for community to guide decisions around programming and partnerships

Tokenomics Design

Notes:

• We recommend moving forward with an unlimited supply of $COMPS with a burn mechanism in place every time $COMPS are spent in the marketplace to maintain stability in the ecosystem.
• For our governance token, when introduced, we recommend a fixed supply (that allows for adjustments) in order to create a stronger reason for users to hold the token.

What Informed Our Tokenomics