AMA Recap: Game Changing Multidimensional Model & Sociality of Rh!noX SBT
This is the third AMA after the official launch of the Rh!noX Whitepaper, which is also the first ever Whitepaper for Soulbound Token on BNB Chain.
We set up AMA regularly with our community because the Soulbound Token is a relatively complex innovation on Web3, and we want to break every part of it into little chunks that are easier to digest. Also, we want to take this opportunity to listen to the community and the questions they have in their minds about different aspects of this unique token.
This week we talked about one of the most important key mechanisms of Rh!noX — — Multidimensional Behavior Analysis Model, and the innovative sociality that comes with it.
Below is the official summary of the AMA hosted on August 16, 2022.
Q1: Will Rh!noX holders receive some sort of fixed income/benefits?
Rh!noX NFTs utilise PoS (Proof of Stake); all holders are eligible to join BinaryX’s DAO and be able to take part in community governance. Holders will also be eligible for future monthly airdrops.
Q2: What is special about the Rh!noX DAO?
Unlike conventional DAOs, the built-in credit rating system and the multidimensional user analysis model of Rh!noX allow Rh!noX holders or partners to create agreements for mutual benefits based on our community protocol.
For example, User A can request assistance from User B to complete a P2E in-game mission with the agreement to share a certain percentage of his or her profit with User B.
When there is a breach of contract from one party, the other party is allowed to refer the case to the community. Every Rh!noX holder will have the right to participate in deciding the final verdict. In addition, the credit score of the party that breached the contract will be deducted as a punishment, and the Soulbound Token will record the event for future reference.
Q3: I have noticed that Rh!noX has quite a number of applications in Web3. Does Rh!noX also have applications in Web2?
Yes, it does. Under the right circumstances, we will be able to provide offline VIP experiences, such as VIP lounges in the airport or free concert tickets to our target audience.
Q4: It is a known fact that Rh!noX is able to collect user data. Does this mean we could use the Soulbound Token to show off our achievements?
That is true. We have a built-in showroom for ‘My Achievements’ that allows us to show off their Web 3.0 status. Users are able to see and appreciate the achievements of other users. For example, if holders hold over 10000 USD worth of BTC in their wallet, they will unlock the ‘BTC Whale’ achievement. As this information cannot be manually added, our system eliminates the possibility for one to use a fake identity to promote themselves in Web 3.0 anonymously.
Q5: There are already tons of existing social networking platforms. Why did Rh!noX decide to make its own social networking platform?
The social networking platform of Rh!noX (Rh!neT) is not just a conventional platform. Users will be able to search for and see a specific user’s personal information, social status, and social network. Our goal is to create the best environment for our holders, and we believe we can create a significant platform.
For instance, when you search for the social network of a specific wallet, and you find out that this user has connections with Vitalik Buterin, you can be sure that this person has a certain level of influence in Web 3.0 space.
So what is the benefit of achieving an excellent social status? First, an identity with good social status can work as a project’s spokesperson and ensure its reliability, similar to using their credibility as an endorsement. Moreover, the person you connect with will also affect your credibility on Web3.0. For example, if you connect with someone that is involved in suspicious trading activity, it will indirectly bring your status down to a lower level as a punishment. This creates an environment where every member is encouraged to behave appropriately and be more cautious towards who they are connecting with.
Q6: Is it correct to interpret this NFT as a pass after reviewing the whitepaper?
The Rh!noX NFT is not just a pass. The team will develop a comprehensive decentralized social ecosystem, and we will promote this ecosystem to other parties. We already have plans to collaborate with other Web 3.0 projects and establish a true partnership. With Rh!noX, creating a fake identity is no longer possible. Everyone will be able to obtain the necessary information before making any decision in Web 3.0
That basically covered everything that happened during the AMA. Thanks again for spending your precious time with us, and we are looking forward to seeing you guys next week!
Feel free to reach out to us via any of our social media platforms available here https://linktr.ee/rhinox_nft
BAGMI.
