How does Reputation Power work
Reputation Power (or RP) is accrued by performing actions on-chain. Each action has its own RP value set by projects, allowing projects to reward community members and DApp users for valued achievements and milestones. For example, a DEX might value governance voting more heavily than trade executions, as an action that helps the project shape the future of their design; therefore, the project can award more RP for voting than trading on the DEX.
RP accrual is a bit like earning XP in a video game. Similar to a game, individuals can earn RP to level up and gain benefits like the ability to mint nontransferable NFT Badges on their Matrix profile, representing milestone achievements on-chain. NFT Badges are issued by MetisDAO or other DApps on Andromeda and are tied to a users’ wallet addresses on the Metis network. Individuals will be able to build their own profiles, check out new RP features, and look up profiles for other users and DACs. Long-term community engagement is empowered, even adding a social element for communities to uniquely reward users for their engagement and contributions.
- 1.Reputation Power System: the Polis backend which empowers every Andromeda DApp to deploy and issue their own NFT Badges as well as the Reputation Power Matrix which is the frontend user portal for interacting with all things RP.
- 2.NFT Badges: As the first integration of Reputation Power, the Matrix team and projects on the network will release the first wave of RP NFT Badges. NFT Badges will be issued to eligible users based on multiple categories such as early usage of Andromeda or governance voting.