Evolving the Xercher NFT Utility 2.0: A New Paradigm of Contribution and Reward

Enter the Era of Participation

TL;DR: Xerberus has updated the utility of Xercher NFTs from a simple subscription model to a dynamic participation economy around our “proof of useful” work framework. The NFTs enable users to post research, run nodes, and earn rewards based on their contribution to the platform. Positive contributions to the Xerberus platform increase the reputation and potential rewards of the NFT, while negative actions will result in the opposite. Lastly, the NFT contains rights to claim $XER tokens via an airdrop and guaranteed allocations during the public sale.

New Paradigm of Contribution

As the Xerberus platform has been developed and tested by users, our thinking of how a decentralized platform should work has evolved. After an intensive internal discussion about the fundamental model that drives decentralized platforms, we’ve decided to move away from a centralized and traditional web2 subscription model and instead focus on a radical decentralized and community-driven approach.

The future we envision isn’t about a monolithic entity serving many small customers. The future we want to build is to facilitate a community that collaborates and thrives on a platform where they collectively have a stake. At the heart of Xerberus is the principle of redistributing power and ensuring accountability at all levels. It’s about moving power to the network’s edges, empowering individuals, and maintaining a system of checks and balances. Embracing this vision, we’ve decided to rework our NFTs’ design fundamentally. We are shifting their utility to the right, contributing, participating, and securing the platform.

These ideas have been a collaborative effort shaped by our community’s think tank, round-table events, and valuable feedback from the beta testers of our platform. As we progress to the release of the latest version Xerberus Platform, we’re excited to introduce a broader audience, inviting everyone to experience and engage with a platform in which the community has a stake.

The reimagined Xercher NFTs are a gateway — a testament to our belief in a new world where community cooperation and ownership take precedence. Join us as we enter this new era, one where your contributions directly impact the ecosystem and where the rewards are a shared success.

Enhanced Utility: Beyond Access to Active Earnings

The Xercher NFTs now go beyond granting access to premium features; they serve as a gateway to earning rewards by contributing to the Xerberus ecosystem.

Key Features of the New Xercher NFT Utility:

1. Contribution: Share your research on the Xerberus platform and become a thought leader in the community. Find your special niche and dominate it with your knowledge. Provide long reports or just add tiny but important details to existing works and earn a reputation for your actions as they are appreciated by the community using the platform.
2. Node Operations: Host a Xerberus Node and become part of the network’s infrastructure. The number of NFTs you need will depend on their rarity (1%,3%,5%,8%,13%,20%, and 50%); for example, a single 1% NFT (the rarest NFTs) will be enough to run a node. There will be a dynamic NFT requirement model (combination of different NFT rarities) based on the network growth, which will be published closer to the time and will explain more about node hosting in more detail. Earn a reputation as a node provider and earn the rewards it generates.
3. Reward System: Exchange your reputation for $XER tokens at regular intervals and earn a reward for your work in the community. $XER tokens are part of a larger economy; read about the economy and the natural demand for $XER tokens in our white paper.
4. Premium Access: Enjoy exclusive alpha features that enhance your ability to build especially powerful portfolios.
5. Report Access: Xercher NFT holders will always have priority access to new reports before public access, which may contain information regarding a token/project that may be of benefit.
6. $XER Allocation: All NFTs will receive an allocation for the public sale. Additionally, all NFTs have a chance of airdrop based on their rarity, whereby 1% of NFTs have a guaranteed airdrop. We will publish more information about the token launch in 2024.

Understanding NFT Reputation

The concept of reputation is integral to our new utility model. It serves as the bedrock of trust and quality on the platform.

• Positive Reputation (R): Every piece of research posted and every node hosted that gains community approval contributes to your NFT’s positive reputation score. Higher positive balances translate to higher potential earnings, aligning incentives with the quality and impact of contributions.
• Negative Reputation (NR): On the other hand, actions that go against the community’s standards can lead to a negative reputation. This negative score diminishes your reputation. For instance, a good reputation score of (R) 100 reduced by an (NR) of 25 would result in a net reputation of 75.

Regaining Positive Standing

Negative reputation, while it detracts from your standing, isn’t permanent. It can be mitigated in two ways:

• Positive Contribution: Make better contributions to the platform, earning enough positive reputation to outweigh any negatives.
• NFT Redemption: Offer your negatively impacted NFT back to the Xerberus DAO Treasury for a $Xer fee, which ‘cleanses’ the NFT and resets its base reputation.

It’s important to note that nodes associated with NFTs carrying a negative reputation will be unable to earn $XER. This also means that $XER token holders who have delegated to such nodes will not receive rewards until the reputation is restored to a positive balance.

The Self-Regulating Ecosystem

The beauty of the Xercher NFT utility lies in its self-regulating nature. The system dynamically adjusts rewards based on the total positive reputation (R) within the ecosystem and the available rewards pool. This approach promotes a healthy, competitive environment that naturally rewards quality and deters malicious behavior.

Xercher Roadmap

As we release the first version of the Xerberus Platform, some but not all Xercher features will be available. The timeline below is our anticipated plan for rolling out the features.

• On the day of the launch: The Xercher NFT will provide you with a small set of Alpha Features on the launch day. Alpha features allow you to assess the positive potential of a token rather than its risk. The platform will be iterative, introducing new alpha features steadily.
• Within 6 months after the launch: The ability to post your own reports on the platform and earn a reputation.
• Within 12 months after the launch: Within 12 months after the launch, we will provide the Xerberus Node Version 1.0. The exchange of reputation for $XER tokens will have started by the latest.

Note that the $XER token launch depends on many factors and developmental milestones. Xercher NFT holders will be kept up to date via our regular round table events.

The Self-Regulating Ecosystem

The Xercher NFT system is self-regulating, a testament to the sustainable beauty of the Xerberus ecosystem. It’s a design that rewards ebb and flow with the collective positive reputation, ensuring that quality is recognized and upheld. The aim is to become a natural system tending towards homeostasis. This ecosystem promotes a culture where excellence rises to the top, and actions that don’t align with the collective ethos are naturally discouraged, cultivating a thriving, competitive community that celebrates contribution and reflection.

Our pledge to inclusivity ensures that financial barriers never stop the brilliance of potential research. The Xerberus treasury actively repurchases Xercher NFTs from royalties and offers them to researchers as free grants; we empower deserving talents to bring their insights to the forefront. This cycle of recognition and reward, fuelled by our community’s active participation, shapes our community’s soul. The sustained investment by Xerberus in the market underscores our commitment to strengthening the ecosystem where everyone has a voice, and every voice has the power to echo into the future.

Conclusion

The updated Xercher NFT utility marks a significant step forward in our commitment to creating a sustainable, merit-based ecosystem. We believe that by empowering our users to contribute meaningfully and rewarding them for their efforts, we can build a platform that not only stands the test of time but also continually drives the industry forward.

We invite you to join us in this new chapter of Xerberus. Together, let’s explore the full potential of decentralized finance and open a new realm of possibilities for researchers, contributors, and consumers alike.

About Xerberus

Xerberus is a risk rating protocol providing you with comprehensive metrics to understand the risk associated with an asset.

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