From 6507b3b09d14d16b813bae66bb8a44e4402c431c Mon Sep 17 00:00:00 2001
From: hscott <hscott@foundrydigital.com>
Date: Fri, 20 Dec 2024 14:17:04 -0500
Subject: [PATCH] updated incentive mechanism section of readme

---
 README.md | 10 ++++++++--
 1 file changed, 8 insertions(+), 2 deletions(-)

diff --git a/README.md b/README.md
index 648dc3c..044997b 100644
--- a/README.md
+++ b/README.md
@@ -117,8 +117,14 @@ make validator
 ```
 
 
-## About the Rewards Mechanism
-Optional but recommended.
+## Incentive Mechanism
+Incentive mechanism whitepaper coming soon.
+
+Briefly, miners are rewarded based on two factors:
+1. A point estimate for the price of BTC in USD one hour from prediction time
+2. An interval estimate (the minimum and maximum price of BTC over the next hour based on a 1s frequency)
+
+For more information, feel free to investigate [reward.py](https://github.com/coinmetrics/precog/blob/master/precog/validators/reward.py) or [base_miner.py](https://github.com/coinmetrics/precog/blob/master/precog/miners/base_miner.py)