Project Spotlight: KnoxEdge (KNX)-community-driven knowledge market

Published in

Ubeswap

5 min readOct 19, 2021

Visit Ubeswap to checkout the new KNX-CELO pool going live on 10/21! If you already hold KNX on Ethereum, you need to bridge it back to Celo using the Optics bridge. Note the ‘Project Spotlight’ is an Ubeswap community initiative and the KnoxEdge team is primarily responsible for the information contained in this article. The information in this post is for educational purposes only and should not be taken as financial advice.

KnoxEdge Project Introduction

KnoxEdge is a Community-Driven Learning & Investing Platform, where weekly peer-prediction knowledge markets are hosted to allow anyone to contribute-to-earn. The team is re-thinking the way the world shares knowledge and their mission is to transform vast bytes of information consumed in today’s world and tomorrow’s Metaverse into easy bits of knowledge, making it seamlessly accessible to everyone. Read more about KnoxEdge’s use case in their KnoxMarket launch post.

Q&A w/ KnoxEdge:

What’s the goal of this project?
A DAO for community-driven learning & investing. A DAO for everyone & by everyone. So that everyone could learn and earn together.
Why did you decide to build on Celo?
Celo has the most collaborative & humble community in Web3. KnoxDAO is built for everyone and run by everyone. Therefore, we build most of the core features on Celo because of our aligned visions.
How is the protocol designed?
KnoxMarket relies on Cryptoeconomics & Natural Language Processing algorithms to ensure high-quality results. Users can participate in a knowledge market topic by submitting their thoughts and bidding $ on them. When an active topic ends, a leaderboard is released and users are ranked according to their scores. This score represents the contribution and alignment of the user to the wisdom of the crowd. It is calculated by scoring the submissions from each user against all other submissions using the KnoxEdge natural language processing algorithm. The bidding payout depends on their scores on the leaderboard: users who submit better peer predictions win money from losers. A detailed PNL simulator is available here.
What inspired your team to work on this project?
Since all of us are born too early to explore the galaxy or too late to discover planet Earth, we are destined to migrate into the Metaverse economy. Notably since the pandemic, many friends & families have been asking, learning, & investing in crypto, NFTs, and the Metaverse for the first time. Unfortunately, they cannot tell what’s good & what’s bad; what’s real & what’s scam; what’s ETH & what’s ADA. To make things worse, the amount of information asymmetry and deleterious shills are growing at the same rate, if not more, than the growth of Metaverse itself. If left unchecked, this might lead to the demise of what could have been the most important socioeconomic transformation since the industrial revolution. To ensure prosperity for all in the Metaverse, we need “less shilling, more education; less maximalism, more collaboration”.
How can the community help or join?
The community is already running Knox.Market. There are 3 roles on KnoxMarket with different risk-reward ratios: Bidders, LPs and Sponsors. Bidders put money where their mouths are, while LPs put their assets at work by providing liquidity to a topic. Sponsors are likely to be foundations/protocols/users who are interested in seeding a topic.

Screenshot from the KnoxMarket dapp @ https://market.knoxedge.com/#/Celo

Roadmap

Q1 2022: SuperKnoxer Status & Community-Driven Investing (KnoxFund)

Empowering the right community members as opposed to having a governance circus where everyone voices unqualified opinions and nothing gets done — Santiago Santos

In V2, top-performing users on the leaderboard will be accredited with SuperKnoxer status NFTs. SuperKnoxers have the opportunity to participate in KnoxFund decision making and share performance fee made from KnoxFund. Moreover, SuperKnoxer status will be crucial to unlock other use cases that are more dependent on expert insights than crowd wisdom: asset appraisal, fact-checking, decentralized McKinsey, etc.

2022 & Beyond: DAO Tools for Knowledge Coordination

KnoxEdge is primarily a knowledge coordination platform, and the team is continuously developing new knowledge coordination DAO tools to help users to discover, enrich and monetize their knowledge. KnoxEdge would like to make this whole process as seamless as possible for them, since knowledge itself is so seamlessly present within each of us. Moreover, following the progressive decentralization approach, we will gradually decentralize KnoxMarket and expand to use cases that the community would love to have.

Team

Core team: dslee.eth + anon team. You can reach them on their Telegram.

Introducing $KNX — the governance token for the KnoxEdge DAO

KNX tokens will be required to participate in KnoxMarket, KnoxFund and KnoxGov. In KnoxMarket V2, users will need to stake KNX to propose topics. KNX is also required to participate in KnoxGov governance proposals. KnoxFund will require SuperKnoxers to use KNX to participate in peer-prediction investment topics. SuperKnoxers will also need to stake KNX to share KnoxFund performance fee. For passive users who do not want to compete on KnoxMarket to become SuperKnoxers, they can stake KNX instead. However, this will be very competitive: a minimum stake of ~500,000 KNX (~$50,000) will be required to become a SuperKnoxer. This is because SuperKnoxers are entitled to share the performance fee made from KnoxFund. If LBP successfully bootstraps a $1M KnoxFund and KnoxFund grows from $1M to $2M, SuperKnoxers will split the $200k performance fee along with KnoxDAO. In short, the bigger the KnoxFund, the higher the profit, the higher the performance fee shared with SuperKnoxers, the higher the demand for KNX. For the full tokenomics, please refer to the team’s announcement.

Token Allocation

Token Symbol: KNX
Total Supply: 1,000,000,000 KNX
Contract Address (Celo): 0xa81D9a2d29373777E4082d588958678a6Df5645c
Contract Address (ERC20): 0xe93a27d4ed64f44a2b356d78c06115e5c9d97da0

10,000,000 KNX tokens were bridged from Celo to Ethereum and deposited into CopperLaunch LBP:

Liquidity Mining

To kickstart liquidity, 100,000 KNX/week will be rewarded to the CELO-KNX Ubeswap pool. These rewards will be active for 1 year.

KnoxEdge Contact Info