📅On-chain Reputation Score

On-chain Reputation Score

decentralized identity and reputation will play a critical role in defining each individual’s onchain persona, and reputation protocols (like Google Pagerank type) should natively support onchain entities to build trust onchain, while preserving user privacy and autonomy.

🔮Lens: Computing unit of OCR

community.dioxide.network/myscore/

🎲 Components of on-chain reputation score

For now, the on-chain reputation score which is summed as $LENS has four components.

[1] Social influence score, citizens with community or social media influence can receive dynamic scores by leveraging and the use of

[2] On-chain Activities: a collection of wallet address activeness within a certain period of time, on Dioxide Network but also on blockchains like Ethereum, and Solana.

[3] Roles: Consider it as your on-chain job paid bi-weekly. It includes ambassadors, moderators, etc,.

[4] Coindays of $DIO (coming soon)

RelayTxnCount	// (# of relay transactions confirmed on this address)
FirstRelayed	// Confirm height of its first txn targeting on this address, including normal and relay txn
LastRelayed	// Confirm height of its last txn targeting on this address, including normal and relay txn
NormalTxnCount  // (# of relay transactions confirmed on this address)
FirstIssued	// Confirm height of its first issued txn
LastIssued	// Confirm height of its last issued txn
IntegralGasFee	// Total gas fee paid from this address
IntegralGasFeeDecay // Total gas fee paid from this address, with time-decay (99%-decay: 180 days)

🤝 Lens Utilities

The native and cryptographically-secure, fungible protocol token of Dioxide Protocol (ticker symbol – DIOX), is a transferable representation of attributed utility functions specified in the protocol code of the Dioxide Network. DIOX functions as a utility token within the Vertex ecosystem, while affording users several advantages:

[1]: As Validators: Higher Probability of block producing, compared to the same staking-level nodes. You can read about consensus at xx

[2]: As network contributors: You will receive $DIOX constantly without bothering staking. Think of a pension that pays you every month, according to the total revenue of the network and your rank among all contributors.

[3]: As Governers: Higher voting power. For example, you will also need to be in the top 5% of the rank to be eligible to initiate a network proposal.

[4]: As Developers: Grant to role {developers} with different levels (Silver, gold, platinum} will be distributed once a certain level of txns number, TVL is achieved at a smart contract level.

[5] As Investors:

🌍Notes

The final mechanism and metrics are under discussion, they may change before the mainnet is launched.