Soulbound Tokens: What’s on the store

SBTs, a unique advancement in the blockchain world, conceptualized by Vitalik Buterin, Ethereum’s co-founder.

It aims to enhance digital identity security and trust. These tokens, which are non-transferable and tied permanently to a single owner, can store a variety of data such as academic achievements, employment history, social connections, and community involvement. They are designed to be immutable and non-transferable, simplifying processes like onboarding and KYC procedures.

How SBTs can enhance users engagement?

SBTs offer a powerful method for decentralized identity verification, removing the need for central authorities and reducing fraud risks. They can represent voting rights or membership in DAOs, ensuring that governance structures are based on verified identities and contributions. In personalized rewards and loyalty programs, SBTs highlight achievements and unlock special privileges. Furthermore, they help build reputation systems in DeFi.

Nomis Scores: What it knows about you

Nomis Scores serve as digital representations of a user’s active participation and loyalty within blockchain ecosystems. By collecting data from over 50 blockchains, Nomis uses AI-driven models to evaluate wallets based on more than 30 parameters, assigning a Reputation Score from 0 to 100.

It collects such info as:

• How many transactions have you done in month
• What’s the time since the last transaction
• What NFTs do you hold or how many of them have you traded
• Your wallet’s total balance and etc.

These scores are minted as SBTs, linking them permanently to the user’s wallet. Every onchain action affects the score, prompting users to update and remint their scores regularly.

How users can benefit from minting Nomis Score

Nomis Scores address significant web3 challenges, such as Sybil attacks, by providing an immutable record of interactions and reputation. This ensures each identity is unique and verifiable, deterring the creation of multiple false identities and enhancing web3 security. Users can mint Nomis Scores to:

1. Demonstrate Contributions: Higher Reputation Scores reflect significant contributions to projects, providing clear evidence for project teams to recognize and reward users.
2. Record Onchain Activities: Capture a comprehensive view of digital identity and reputation, building trust and credibility.
3. Unlock Personalized Offers: Access exclusive rewards and offers from projects within the Nomis-supported ecosystems like Ethereum, Polygon, zkSync, LayerZero, and more.

Strengthening Community Engagement

By quantifying activities such as transactions and governance participation, Nomis Scores provide users with tangible metrics of their engagement. This visibility allows users to gain recognition and earn rewards based on their contributions, from airdrops to exclusive access to new features or services. For projects, Nomis Scores serve as strategic tools for community engagement and management, aligning user activities with ecosystem rewards.

Nomis Scores enhance trust, security, and community engagement in decentralized networks. They incentivize positive behavior and active participation, allowing users to maintain or enhance their reputation. This leads to more sustainable community dynamics. These scores represent a significant shift in understanding digital identity within blockchain ecosystems. As web3 evolves, users with higher Nomis Scores might find themselves better positioned to influence and participate in new opportunities.

Become a Part of the Nomis Community!

Joining the Nomis community allows users to shape the future of blockchain interactions. Engaging with Nomis Scores means contributing to a transparent and trustworthy digital world. For those who value transparency and trust, exploring Nomis Scores can define their role in the evolving web3 landscape.