Why Your Nomis Score Is So?

Briefly about Nomis

1. Nomis is made to establish the first iteration of reputation in web3. You can read more on how we feel it here and here). Transparency of blockchain gives us an opportunity to build reputation on a strong basis of open on-chain data.

2. The core of Nomis is strong mathematics and hierarchy analysis in particular. This makes score multifaceted, obvious and independent.

3. Nomis is designed to help developers deliver a personalized Web3 experience to users in various Web3 verticals such as DeFi, DAO and Web3 Social.

How Nomis scores

1. Nomis analyzes over 30 parameters. The math model behind Nomis Protocol could be flexibly adjusted to the needs and priorities of a certain web3 project. It means that weights of parameters counted by Nomis Protocol could change from project to project. And thus a unique architecture could be provided.

2. Even though Nomis score is adjustable and final combination depends on the project it is always integral. High value of one particular parameter (e.g. number of transactions) doesn’t necessarily causes high final score.

3. More over, the correlation between parameters isn’t linear. Thus increment in one parameter (few more NFT’s bought or a contract deployed) doesn’t lead to the increment in the final score directly.

4. The fact that the score is lower than required (for example, Sybil Prevention Credential on Galxe requires the score to be above 40) is certainly not an accusation of your bad intentions or whatever. It just means that the on-chain data doesn’t provide enough reason to assign a higher score in this architecture of parameters. Yes, a fine but important line. In fact, the same data could provide one score value to decide if a wallet can get an undercollateralized loan, and a completely different score value if we are assessing eligibility for an airdrop.

5. In the most general sense, the recommendation is: be an active web3 user and have as many on-chain records of your activity in different web3 verticals (DeFi, NFT, DAOs, Social, etc). The world of web3 is growing every moment with new opportunities.

If you feel that it’s a good time to mint your score, we feel it too!