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What is a good On-chain reputation?
Building Trust in Web3: The Rise of On-Chain Reputation Systems
On-chain reputation is a multifaceted footprint on the blockchain that not only proves you were early and committed to the development of protocols you believe in but also reflects the quality and nature of your interactions. It's not just about when you arrived, but how you've contributed. This includes meaningful participation in governance, innovative problem-solving, or even helping to foster community growth.
Why is Building an On-Chain Reputation Important?
An on-chain reputation is akin to an immutable resume in the blockchain world. It's a trustworthy record due to its permanence and transparency. Beyond opening up work opportunities in Web3, it also establishes your credibility in decentralized communities. Moreover, a strong on-chain reputation can lead to exclusive benefits like being whitelisted for beta access and airdrops, as seen with platforms like Arbitrum.
What Constitutes a Good On-Chain Reputation?
A good on-chain reputation hinges on genuine, diverse, and consistent blockchain interactions. Examining the criteria used by Blur and Arbitrum for their airdrops provides concrete examples:
Blur: They rewarded users who were actively engaged in NFT trading on their platform. This means users who frequently bought, sold, or minted NFTs were seen as valuable community members. It's not just the transaction volume but the regularity and diversity of these transactions that matters.
Arbitrum: Their airdrop favored users who interacted with their Layer 2 protocol in various ways. This includes users who executed transactions, participated in smart contract interactions, and who were early adopters of their technology. The emphasis was on the depth and breadth of engagement, rewarding those who explored different facets of their platform.
How to Build a Good On-Chain Reputation within a Layer 2 Ecosystem?
Diversified Engagement: Engage with multiple aspects of an ecosystem. This could include using different DApps for various purposes, like trading on a decentralized exchange, participating in a gaming platform, or joining a social token community within the same Layer 2 environment.
Consistent and Regular Interaction: Regularly use services and applications on the ecosystems such as Layer 2 platform. Consistent trading, staking, or voting in governance decisions over time can demonstrate sustained interest and engagement.
Depth of Engagement: Participate in both simple and complex activities. This could range from straightforward token swaps to engaging in yield farming strategies or contributing to governance discussions and decision-making processes within the ecosystem.
Financial Involvement: Display financial engagement through varied transactions. This could involve small, frequent trades or liquidity provision, and occasionally larger transactions or investments in promising projects within the ecosystem.
This could also mean taking part in quests on Intract, completing tasks akin to the Linea Defi voyage or zkEVM Saga! 👀 👀
Early Adoption: Get involved with new projects and technologies emerging within the ecosystem. Being among the first to use a new DApp or feature can establish you as a proactive and engaged community member.
Complex Contributions: Undertake more technical or community-oriented tasks. This could include testing new features, reporting bugs, or actively participating in community forums and discussions related to the Layer 2 ecosystem.
By focusing on these areas, your on-chain actions within a Layer 2 ecosystem will reflect a multi-dimensional, committed, and valuable presence, akin to the criteria used by successful airdrops such as Blur and Arbitrum.
Explore and Enhance Your On-Chain Reputation with Intract Explorer Pro
Are you ready to take your on-chain journey to the next level? We have just launched the waitlist for Intract Explorer Pro, a cutting-edge tool designed to help you build a robust on-chain reputation, especially in emerging ecosystems like Base L2.
With Intract Explorer Pro, you can:
Discover: Access a comprehensive list of projects in one place, making exploration seamless and efficient.
Interact: Participate in curated web3 quests tailored to different projects, enhancing your engagement and contribution.
Quantify: Track the impact of your on-chain activities, including transaction volumes, number of transactions, and diversity of interactions.
Personalize: Soon, Intract Explorer Pro will offer personalized exploration journeys based on your wallet activity and goals, aligning your on-chain actions with your aspirations.
Want a sign-up code? Keep an eye out for your favorite Twitter creators who’ll be giving them out pretty soon.