Recently, I sent private messages to several foreigners and tried for two days, unfortunately, they ignored me completely. I also messaged a well-known Chinese person mentioned in many posts, but evidently, I don't know if they didn't see my message or just didn't want to respond, haha...

I originally wanted to wait until I got an invitation code to properly discuss this project, but it seems difficult to get one in the short term.


However, I still have something to say about this project, as per usual.


Let me explain this project in simple terms that even your grandma can understand - @ethos_network

In the Web3 world, what is the 'Reputation Badge', and how does EthosNetwork protect you?

In this Web3 world filled with infinite possibilities, but also numerous hidden pitfalls, people lose heavily every day due to various scams, from fake identities and off-market trading fraud to seemingly attractive 'airdrops', with losses reaching tens of billions of dollars in a year. It's like the western frontier era, full of opportunities, but also requires constant vigilance against hidden dangers. In such an environment, 'trust' has become more scarce than gold.

At this time, Ethos Network appeared. You can think of it as your exclusive online 'Reputation Badge' in the Web3 world. Want to know if the person you are dealing with is reliable? Just take a glance at the evaluations and guarantee records generated by Ethos, and you'll have a clearer idea. Whether buying and selling NFTs or participating in other collaborations, this 'badge' can give you more peace of mind and greatly reduce the risk of falling into traps.

How does Ethos work?

The core of Ethos is to establish a reputation system that everyone can understand and use. It mainly operates through the following ways:

Reputation Points and Experience Points (XP): This is the cornerstone of Ethos. When you give a reliable positive evaluation to others or receive good reviews from others, your reputation points and XP will increase. Of course, if you receive a negative review, your score will decrease, but the person giving the evaluation can still earn XP.

Don't worry about malicious negative reviews; the system has restrictions, and those who make random evaluations will also have their scores affected. No one wants to do something that harms others without benefiting themselves. Ethos also categorizes reputations from 'Untrustworthy' to 'Model', which is clear at a glance. The higher the score, the more trustworthy it is.

Guarantee Mechanism: Do you think someone is very reliable? You can use your ETH (Ethereum) to 'stand up' and guarantee them. The more ETH you stake, the greater the help to improve their reputation points. But this has risks like real-world guarantees; if the guaranteed person behaves improperly, your guarantee funds may be damaged, and your reputation may also be implicated. So, it's important to be cautious before guaranteeing.

Invitation Mechanism: When you invite someone to join Ethos, your reputations will affect each other for 90 days. If they perform well, your score can also benefit; conversely, the same applies. This encourages everyone to invite truly reliable friends to maintain the trust atmosphere in the community.

Reputation Market: This gameplay is a bit exciting, like a 'word-of-mouth' prediction game. You can 'bet' on someone's or a project's reputation. If you think it's promising, buy 'trust tickets'; if not, buy 'distrust tickets', with prices fluctuating according to market supply and demand. This tests your judgment of people and events within the community.

Why is now a good time to join Ethos?

Ethos's current development strategy is 'slow growth', with no fast invitation speed and increasing difficulty in earning XP, which is intended to reward early participants. The founder has explicitly stated that this is a deliberate design and a selection mechanism. This means that now is the golden window period for accumulating XP. Seize the opportunity to participate actively; even without invitation bonuses, continuous activity can give you an advantage in the future.

Beginner's Guide to Earning Points

You can try these tricks to quickly improve your Ethos reputation points and XP

Daily Check-in: The simplest and most direct way, just a quick tap each day to earn XP.

Staking Guarantee: Find reliable people and use ETH to guarantee them, you can earn XP, and if they perform well, you get additional benefits.

Active Interaction: Post, comment, and participate in discussions on Ethos Network's official Twitter @ethos_network, get familiar, and you might just receive an invitation code or airdrop surprise.

Give Evaluations: Actively and fairly evaluate others can also increase your score and XP. Remember to be objective; malicious evaluations will backfire on yourself.

Capital favors, a promising future

It is worth mentioning that EthosNetwork is not a castle in the air. In July 2024, it completed a $1.75 million Pre-Seed round of financing, with many well-known angel investors in the industry. This funding will be used for technological upgrades and expansion, also proving the market's recognition of the Ethos model.

In summary

EthosNetwork is trying to solve a major pain point in the Web3 field - the lack of trust!

Through a relatively complete reputation mechanism, it aims to create a safer and more transparent interaction environment for users.

Although still in the early stage, the concept and gameplay are worth paying attention to. If you are active in the Web3 world, you might as well understand this 'Reputation Badge'; it might help you avoid many pitfalls and find more reliable partners.