Use Cases
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.
Scenarios to Use Orange
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:
Granting Entry
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.
Participation, Engagement, and Contribution
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
Reputation and Influence
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
Creditworthiness
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.
Use Cases in Different Sectors
DeFi: User Segmentation
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.
DAO: Reputation-based Voting
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.
Read more details here.
SocialFi: Content Recommendation
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
Reputation NFT
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
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