🌳Ecosystem
Last updated
Last updated
In Credit DAO, users can acquire various soul-bound NFTs by establishing relationships and interactions with other users, and the system uses artificial intelligence algorithms to credit-rate users based on the soul-bound NFTs acquired by each user. When users perform any actions on the chain, whether it is transferring money, trading, auctioning NFTs, participating in DeFi or other types of interactions with other users, these interactions represent a certain social significance and at the same time will have a certain degree of correlation with the user's personal credit.
Also in Credit DAO, users are encouraged to build relationships with each other, and when a user introduces a new user to join, he or she will receive the corresponding soul-bound NFT, and all your positive actions and the credit of the users you have built relationships with will receive a positive boost on the chain and raise your credit rating score.
With the gradual iteration of centralized exchanges, OTC exchanges, and decentralized exchanges with Web3, the Credit DAO team has created an original intelligent P2P transfer system exclusively for Web3, which can effectively prevent damage to the on-chain financial system from witch attacks, bloodsucking attacks, and hacking attacks on the Web3 chain, creating an indispensable position for Web3 to build a credit rating mechanism.
Credit DAO is a P2P transfer system created to enable global Web3 users to transact with zero trust, without knowing who the other party is, and without going through any financial real name institution.
User A needs to buy $CDT from the whole network, he needs to deposit the same amount of USDT into the guarantee contract first, the contract will automatically release the buy order, when user B sees the order and feels the price is suitable, he will click the order to transfer $CDT, the contract will automatically credit user A's wallet according to the amount set by user A after receiving $CDT, user B will also receive the money from user A in the same hash after the interaction is completed on the chain, completing the transaction. User B also receives the funds from User A in the same hash after the interaction on the chain is completed, completing the transaction. (As shown in the figure)
The P2P privacy transfer transaction is achieved in Credit DAO by avoiding the fish and chips in reality and in the network. When user A needs to complete a peer-to-peer transaction with user B, he only needs to fill in user B's wallet address and unit price to send a privacy order, which only user B can see. When user B fulfills the order content and transfers the funds to the security contract according to the order content, user A automatically receives user B's funds, while user B also receives user A's tokens, and the transaction is completed. Both A and B are in anonymous state during the transaction. (As shown in the diagram)
First, the SBT-CDP held by the soul reflects a certain amount of information, which requires that they are comfortable sharing publicly, including biographical information, social media, etc. This will be an integral part of achieving on-chain credit as a prerequisite for intra-community lending trials. Assuming that the SBT-CDP is issued by a reputable institution, the data of that SBT can adequately show the personal experience and work history of that soul, which would be sufficient for a soul to obtain a loan (or increase SCED capital) and prove its risk resistance. Such credentials and social connections already informally play an important but opaque role in capital allocation such as venture capital.
The separation of data access rights and data content resolution means that both data access rights are granted and privacy computation steps can be performed, giving greater flexibility to upper-level applications. For example, the "continuous voting" anti-bribery mechanism mentioned in the paper is a desensitized privacy calculation.
SBT can manage a healthier form of "attention economy", enabling "souls" to filter spam from outside their social graphs while boosting communication from real communities.
This would be a huge improvement over today's communication platforms, which lack user control or governance and auction off users' attention to the highest ad bidder, or even a bot. Listeners would know better who they are listening to and be better able to award accolades to works that inspire insight.
Such an economic model can optimize positive and collaborative and valuable contributions. If you've used Google Reader, you've experienced the power of "social reading," where the quality of articles starred by friends is much higher.
The value of the network built by SBT-CDP attached to the social reading field can greatly reduce the spam and increase the quality of information. Einstein said at the 1932 Disarmament Conference that "human organization" has failed to keep pace with "technological progress", which "puts the razor into the hands of a 3-year-old child ".
In a world where his observations seem more prescient than ever, learning to plan for a future based on trust (rather than replacing it) seems to be a must for the survival of humanity on this planet. Humanity needs consensus, trust, and collaboration to survive and thrive, and there is an urgent need for technological advances to drive an upgrade in humanity's ability to organize, encode social trust relationships, and build a trust infrastructure with global reach.
Credit DAO is built on the Polgon network, so due to Polgon's low network transaction fees, everyone can bind and pledge just by having capital. And with the development of the platform community flow, we will subsequently provide issuance and airdrop of various NFTs according to each community or business entity, each NFT will be a community benefit, and the higher the credit rating, the higher the user can enjoy the benefits of quality equity.
When our network reaches 300,000 people, we will issue our own community NFT logo, so far we don't know any date because we are focused on building a strong and loyal community first. Follow us closely on Twitter and Discord for more updates.
With the construction of credit system, Credit DAO has more and more effective credit users in Web3, and will become the traffic giant of Web3, and the huge traffic will attract the giant to invest huge advertising costs, which will be divided into corresponding proportion to allocate to the community guild.
