Recently, in the Web3 world, the project @ethos_network has become incredibly popular!
Many bloggers are asking for invitation codes everywhere. I got an #Ethos invitation code from @TheKimjim, and I'm really grateful to him. Everyone should follow him; he's super nice! Today, I will take everyone to understand @ethos_network in depth.
So what exactly is Ethos?
In a nutshell, in the virtual world of Web3, which is full of opportunities and risks, Ethos serves as your exclusive online "reputation badge." If others want to know if you are trustworthy, they can take a look at the evaluations you have received and the guarantee records, instantly understanding your trustworthiness, making all collaborations and transactions much safer and more secure!
Core points of Ethos:
1) Reputation points and XP (experience points)
The way to obtain reputation points and XP is straightforward: giving others positive evaluations and receiving positive evaluations from others will both work. However, if you receive a negative evaluation, your reputation points will decrease, while the person giving the evaluation will still earn XP. Some may be concerned about malicious evaluations, but don't worry! The project team has already considered this; if an evaluation is not genuine or does not match the facts, the evaluator's own reputation points will also be affected. Therefore, generally, no one would do this, after all, no one wants to shoot themselves in the foot.
Its level classification is as follows:
- Untrustworthy: 0 - 800, this range indicates significant issues with reputation. In Web3 collaborations, users may need to be cautious of such users.
- Problematic: 800 - 1199, users in this category need to improve their reputation and should work to accumulate good records in future interactions.
- Neutral: 1200 - 1599, being in this score range indicates that the user's reputation performance is quite average, with no particularly outstanding highlights or blemishes.
- Good reputation: 1600 - 1999, reaching this score means that the user has performed well in past Web3 activities and received quite a bit of positive feedback.
- Exemplary: 2000 - 2800, this is the level of a "top student" in terms of reputation, representing a user who is trustworthy and can serve as a role model in the community.
2) Guarantee mechanism
You can stake ETH to guarantee others. The more you stake, the more significant the effect on the credit score of the person being guaranteed. However, there are risks involved—if the other party does something bad, you will also be affected, and you might lose the guarantee funds.
3) Invitation mechanism
After being invited, the reputations of both parties are bound for 90 days. During this period, their reputations influence each other; if the invited person's reputation increases, the inviter can gain a 20% increase as well. Similarly, if you invite someone very reputable who brings positive influence to the platform, your reputation points will also increase!
4) Reputation market (Ethos Market)
This is like an exciting prediction game about reputation, where users can bet on the reputation of individuals or projects. If you are optimistic, buy trust tickets; if you're not, buy distrust tickets. The price of the tickets will fluctuate based on buying and selling demand, testing your judgment of the market and reputation.
➣Points increasing strategy:
1) Daily check-in: This is the most basic and simplest way to earn points. Completing the daily check-in task will earn you XP; little by little, don't miss this easy opportunity to earn points.
2) Staking guarantees: Stake your ETH to vouch for trustworthy people. Doing this not only earns you experience points, but if the guaranteed person's performance is outstanding, you also have the chance to earn extra income, provided you have enough knowledge and confidence in the person you are guaranteeing.
3) Interaction: Actively post on Twitter @ethos_network, engage in the comments section, participate in discussions, and try to become familiar. Who knows, one day luck may strike, and you could receive an invitation code or airdrop rewards, which many people dream of.
4) Evaluate others: Actively giving evaluations to others can increase your reputation points and XP, but always remember not to give malicious reviews; maintain an objective and fair attitude, or it will negatively impact your own score.
@KaitoAI #Kaito #Ethos #web3