Scenarios and use cases
Web3 communities can benefit largely from Orange as a decentralized protocol that makes the capturing, storing, and utilization of user reputation easy, agile, and transparent.
Each system applies a set of rules on assessing if a particular user is legit to be involved in certain activities. Below are a few scenarios we envision where such assessment is essential and potential criteria to consider:
A user's entry into a system can be designed based on criteria such as:
- Sybil-resistant identity verification
- Possession of particular fungible or NFT assets
- Social-media verification
- Subscriber count and endorsements, and more.
A user's participation in a system can be reflected in actions such as:
- Proposal initiation and discussions
- Voting participation
- Work contribution to treasury management, etc.
- Records of donations to public goods
- Participation data of certain activities
A user's influence in decision-making can be agreed upon by taking different factors into account, such as:
- past decision results
- verified credentials of expertise
- endorsed trust by other community members
A user's credit-worthiness to avail particular levels of a service can be established using data such as:
- history of transactions
- asset attributes
- off-chain verified financial risk data
- verified identities
And so on.
Orange streamlined the process of identity reputation assessment design and execution. Set free from the effort of dealing with scattered data, decentralized applications and systems can get user reputation reports straightaway.
In DeFi, user identities are concealed behind addresses. Failing to determine the reliability and engagement level of a user not only hinders DeFi projects to further develop the relationship with high-quality users, but also threatens the security of the ecosystem.
Orange makes it possible to group users according to their reputation calculated using on-chain and off-chain data associated with wallet addresses, such as:
- Age of address
- Transaction history
- Holding of assets on specific chains
- DeFi participation history
- Social media verification
User reputation assessment helps DeFi projects prevent potential security incidents such as Sybil attacks. Also, a deeper insight on users establishes a foundation for marketing activities targeting a distinct user group.
DAOs provide a more democratic way to cooperate. Any changes to the rules of a DAO must be approved by DAO members through voting. Today, token-weighed voting is the primary mechanism, in which a member's voting power is decided by the token holding. But this model brings potential inequality and security risks.
Orange enables a new solution of reputation-based voting. Voting power is distributed according to each member's reputation score represented by their reputation NFTs.
With this new mechanism, the direction of a DAO will no longer be in the hands of the wealthy few. It will also incentivize users to be more active in DAO governance.
SocialFi are platforms where users can monetize their social interactions and communicate their ideas on cryptocurrencies. Users with different levels of experiences expect to obtain different information from these platforms.
Orange allows platforms to suggest personalized contents to a user based on their:
- Token holding
- NFT holding
- Transaction frequency
- DeFi & DAO participation
Communities and dApps can issue reputation-based NFTs with different user reputation requirements, so they can provide users with utilities that certain NFT holders are eligible to be entitled.
NFT eligibility takes into account of user information such as:
- DeFi activities
- DAO participation
- Discord activities