⚡ Hey everyone, I want to talk to you about @ethos_network, which has been quite popular lately. A big thank you to my good brother TokenBrother丨通证一哥 @tokenbrother for providing me with the Ethos invitation code, sending a big heart.
Ethos is like a credit ID card in the Web3 world, establishing trust through user evaluations and endorsement mechanisms.
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1. What is Ethos
Ethos is an on-chain credit scoring system, similar to seller credit scores on Taobao, but it scores Web3 accounts and projects. Each user has a credit score determined by the community through mutual evaluations, endorsements, and feedback, recording your on-chain behavior and others' evaluations of you.
Clear objectives: Address the trust crisis in Web3, expose scammers, and protect trustworthy players. Its Chrome extension can display account reputation directly on the X platform, helping users make more confident decisions when investing or collaborating.
2. How is it different from KaitoAI
Ethos introduces financial gameplay similar to Friend.tech, particularly its endorsement mechanism. You can stake ETH to endorse a user's reputation; if they perform well, you will be rewarded; if they behave maliciously, the staked funds may be at risk. This mechanism is similar to voting with money, increasing the cost of trust while enhancing participants' sense of stakes, easily triggering FOMO.
KaitoAI prefers to use AI for influence scoring, analyzing your activities on social platforms (like X) to score you. It doesn't require much proactive socializing, making it suitable for users who prefer a low-key, automated management style. Even with minimal social participation, you can still receive a score, with a lower threshold, making it more suitable for I individuals.
Ethos is more suitable for extroverted users (E individuals), requiring proactive socializing and interaction to boost credit scores. You need to actively write evaluations for others, endorse, or invite new users; the more social interactions, the higher the score. KaitoAI, on the other hand, acts as a quiet recorder, analyzing your behavior and automatically scoring you, suitable for those who don't enjoy frequent socializing.
In summary: Ethos is like a social party that requires your active participation, while Kaito is more like a quiet observer recording your performance. Ethos's financial gameplay and social drive make it more exciting, but also more demanding of your participation.
Three, The core mechanism of Ethos: How to navigate credit scores
1. Invitation system and anti-cheating:
Users must join through invitations from existing members, and the inviter and invitee's credits are bound for 90 days. If the invitee behaves maliciously, the inviter's credit score will also be affected. This mechanism effectively curbs score manipulation by small accounts.
2. Credit scoring system:
Scoring dimensions: Include endorsement staking amounts, evaluations from others, on-chain asset holdings, etc. The algorithm dynamically adjusts weights to ensure fairness.
Level classification: 0-2800 points, divided into five tiers (untrustworthy → excellent), with an initial default of 1200 points (neutral).
3. Endorsement and punishment mechanisms:
Stake ETH to endorse others: The more you stake, the greater the increase in the endorsed person's credit score; if they behave maliciously, the endorser may lose their staked funds.
Social slashing: The community can punish malicious behavior by directly reducing credit scores without requiring capital staking.
4. Reputation market (Ethos Market):
Users can buy and sell trust tickets and distrust tickets, speculating on the reputation of individuals or projects, with prices fluctuating based on market supply and demand, similar to a prediction market.
Four, How can ordinary people participate? Practical guide
1. Obtain an invitation code:
Currently, it is invitation-only; you can actively contact established KOLs or participate in community activities (like Twitter interactions, content creation).
2. Increase credit score:
Daily check-in: Complete basic tasks through the Chrome extension to accumulate XP (experience points).
Proactive endorsement: Stake ETH to endorse trusted users, earning XP and potential rewards.
Write more evaluations: Objectively evaluate others and avoid malicious negative reviews (or it may backfire on your own credit).
More interaction: Ethos values social activity. Increase your chances of getting noticed by the official team by posting content and participating in discussions on X @ethos_network. You might just get an invitation code or an airdrop.
3. Risk avoidance:
Be cautious when inviting newcomers to avoid binding reputation bombs; diversify endorsement targets to reduce the risk of joint losses.