On Feb 15, 2023, For Metas hosted an in-depth AMA at the Fomoin community.
Fomoin is a digital marketing solution and one-stop incubation engine for blockchain startups.
This AMA assists Fomoin users to have a deeper understanding of the entire platform of For Metas and its future plan.
Today, we are honored to invite Stan [Director Marketing of FOR METAS] to do an AMA about FOR METAS. First of all, please allow me to express my warm welcome and heartfelt thanks to Stan!
Glad To See You here! Thanks for bringing us FOR METAS! I’m pretty sure that our AMA participants are very excited to learn more about FOR METAS, so let’s get started!
Here is the first question for you. Lets start with the introduction. What does For Metas do?
FOR METAS is building an aggregated application platform that provides a seamless and engaging entertainment experience for users. Our goal is to build a one-stop hub for users to gain access to various entertainment resources including but not limited to blockchain games, live streaming, social Dapp, metaverse and AR/VR within one platform in a fast, secured, permissionless, incentivized and decentralized way.
We aim to bring together specialists from many sectors to create Web3-native entertainment ecosystem! Gaming, streaming, and virtual life to create, listen to, watch, and play many forms of entertainment with us under the core tokenomics of $4MW.
For metas is a Web 3 gaming dapps. What are the difference from other gaming platform?
The content on For Metas platform is quite unique. We are the first one to integrate games, live streaming, social, Metaverse,AR/VR, and other features probably in the coming future.
Then nobody is building an aggregated web3 application like we do. If you find yourself dividing your time between your computer, your games console, your streaming application and your stereo. Then For Metas is definitely a place for you to go, all the best dapps for you to have fun let out your steam while having a chance to earn.
So coming to the earning part, most people might be interested in, you know, most gamefi projects. They have a really short life circle, and it’s more like a game of “Pass the Parcel”, needing constant inflow of users and funds to support the survival of the game. Though the traditional game with a millions downloads can suffer from this short-life problem and is kinda inevitable. In For Meta’s case, we’ll launch and incubate 10–20 games, and this means platform users can constantly have new experiences and we also solve the above problem by injecting vitality through new ones.
What is more, even For Metas game NFTs is recyclable, It allows users to use a single asset across the “borders” between multiple games. That is to say, one game asset can be used in another game, even across categories. In contrast with other NFTs that quickly lose its value after the “death”of the game, For Metas game NFTs have the potential to preserve or even appreciate in value.
What kinds of game is about to launch on For Metas?
There will be 5–6 different types of games launch on For Metas every year. Among them, there is a big production like Gloryland.
Of course, there are also some simple games for daily entertainment.
Since users have different preferences for game types, we need a feasible mechanism to regulate those games that are launched on For Metas. With this in mind, we will launch related governance NFTs in the future.
Would you consider governance by DAO? In which way?
We mentioned the governance of NFT in the last question. This is an important part of For Metas planning. As a Web3 based application platform, For Metas is also considering referring to some good project to design the top governance NFTs.
We hope to divide the rights and benefits of users through different NFTs. For example, users who hold platform governance rights NFT can participate in the platform’s DAO governance, vote for which games can be launched on For Metas, and enjoy platform revenue sharing and so on. For another example, users who hold the NFT of game governance rights can have the right to propose the game, and enjoy the game’s dividends, the highest level of VIP benefits in the game, and so on. Of course, all this is still in the conception stage and has not yet been implemented.
In addition, For Metas will launch a variety of mini-games one after another to meet the needs of players.
In addition, as a top priority, For Metas will launch a series of governance NFTs to lay a solid foundation for the future ecosystem.
That’s the wraps up of our first part of the AMA session
Thank you very much Stan [Director Marketing of FOR METAS] for the great answer.
Now moving to our Twitter Segment
1.Collaborations and partnerships are some of the most important cornerstones to help improve adoption. Could you please tell us about the current partners, plans for partnerships and what everybody stands to gain from these partnerships?
Our team has many blockchain and game partnerships and communities in East and Southeast Asia, such as COCOS-BCX, LINK3, EthereumFair, Mail3,etc. These relationships come from our team members’ past experience and network accumulation in the industry.
We will carry out in-depth cooperation with these partners, such as holding some activities and so on. Users will benefit from these collaborations.
2. How this project can survive in the current crypto market competition?
Although the cryptocurrency industry is highly competitive, I have great confidence in our team. Because we have a very strong social network and resources. At the same time, we have many years of experience in this industry. We have excellent team members and partners who understand the market and the future of the industry.
What we need to do now is to lay a solid foundation to allow more web2 users to enter the world of blockchain games. When the trend comes, For Metas will naturally be the high-quality platform that attracts everyone’s attention.
3. Many projects start with inexperienced team members and some of them don’t go well because of mistakes. How was the experience and background of the your team effective in project success? And how are you going to instill trust in your user base, since the team is anonymous?
Behind the For Metas project is my team, our team was born with a mission to create a leading web3 application ecosystem and has many blockchain and game partnerships and communities in East and Southeast Asia, such as COCOS-BCX, LINK3, EthereumFair, Mail3 and sure, Fomoin as well. You can check in our discord channel #partnerships under LEARN FOR METAS IN MINS.
Team members of For Metas have been working in the entertainment industry for years, covering the space of games, movies, and high tech companies. For Metas has also received millions of funds in its seed round from well-known individual & institutional investors, we will disclose the detailed information at a certain stage. This investment will enable For Metas to develop and grow while adding more valuable changes to the entertainment industry across a longer time expectancy.
Our team has more than 6 years of operating experience in the encryption industry, so we have a lot of resources in the industry. Also because we have experienced bull markets and bear markets many times, we know very well what the market is like and what kind of things should be done at what stage. This is very important for a new project.
In which ways do you generate revenue/profit? So many projects just like to speak about the “long-term vision and mission” but what are your short terms objectives? What are you focusing right now?
Despite the ongoing bear market, the JPEX exchange continues to expand its territories of operations, and constantly upgrades and optimizes its website functions so that desktop and mobile users can enjoy better technological resources.
To ensure that clients’ funds are safe, JPEX followed in the footsteps of other mainstream cryptocurrency exchanges by providing PROOF OF CAPITAL RESERVES to allay the fears of traders that the platform will not head in the direction of bankrupt exchange FTX. The On-Chain Data on JPEXs official website shows that two wallet addresses belonging to the exchange have about 9,000 Bitcoins (BTC) in reserve which is equivalent to around $150 million, per current market rates. Additionally, there are several assets locked in different cold pockets (currently going through a third-party audit stage). Once the auditing phase is complete, details of the assets will be disclosed in a future official announcement in addition to a more detailed audit report.
About JPEX Exchange
The full name of the exchange is JP-EX CRYPTO ASSET PLATFORM PTY LTD. and its operating headquarters is located in Dubai, United Arab Emirates (UAE). JPEX is supervised by Dubai’s Virtual Assets Regulatory Authority (VARA) and it’s fully compliant with regulatory measures in all the jurisdictions it operates. With a primary focus on blockchain technology and cryptocurrency, JPEX has more than $2 billion in global assets and technology under its management and tags itself as a capital-rich exchange.
The business activities of JPEX cover Hong Kong, Malaysia, and Australia. The company uses the cryptocurrency market as its base point and spreads its resources across various industries. A great example of this can be attributed to JPEX spending more than HK $40 million on advertisements in Hong Kong which included contracting a Hong Kong celebrity as a Brand Ambassador. Moreover, JPEX launched an exclusive non-fungible token (NFT) “J-BALL” with Australian Football League (AFL) club Western Sydney Wanderers.
About JPEX Relevant Licenses
Since its establishment, JPEX has been constantly applying for the relevant licenses associated with the operation of virtual assets which includes cryptocurrencies. The exchange currently holds licenses from the appropriate regulatory bodies in Canada, Australia, and the United States of America.
In Canada, JPEX holds the Canadian MSB Fintrac License which regulates currency trading and currency exchange service enterprises.
In the United States of America (USA), JPEX holds the FinCEN MSB financial license which is issued by the Financial Crimes Enforcement Bureau (it falls under the Department of Treasury). Services performed under the license include foreign exchange, international remittance, and currency trading and transfer which includes virtual or digital currency, issuance of initial coin offering (the cryptocurrency version of an initial public offering for centralized companies), advance payment provision, and traveler’s checks issuance.
In Australia, JPEX holds an operating license from the Australian Securities and Investments Commission (ASIC).
Aside from Asia and North America, JPEX has also entered the European cryptocurrency market.
JPEX has applied for the Lithuanian cryptocurrency exchange and wallet operator registration license. As one of the few countries that operate within the European Union and European Economic Area, Lithuania is a member state of the Virtual Asset Service Providers (VASP) and is recognized as a traditional financial jurisdiction in Europe for payment and electronic money licensing.
On the functioning of our website and mobile applications powered by iOS and Android, JPEX introduced functions such as a multi-signature cold wallet, insurance mechanism, VISA Signature Financial Card, and the metaverse game JP Planet to bolster the interest of existing and potential customers.
About the JPEX Exchange Insurance Mechanism
To allay all forms of fear of customers, JPEX introduced the user funds insurance mechanism. Due to the waning crypto market and extreme volatility in addition to complexities surrounding the use of crypto wallets, should a JPEX customer lose funds on legitimate grounds, JPEX can pay every user a maximum of 75,000 United States Dollar Tether (USDT) in protection money. The figure stated and reserved as insurance covers 90% of potential fund losses and falls within the international financial requirements designed to safeguard the funds of traders across the globe. While 75,000 USDT is available to all customers, those seeking a part of the insurance package must have completed the exchange’s Knowing Your Customer (KYC) verification process.
About JPEX Exchange Multiple Signature Cold Wallet
With hackers making off with billions of dollars in stolen money through the compromising of crypto wallets, JPEX has maximized security on the storage of cryptocurrencies using multiple signature cold wallet technology. Generally, in crypto, cold wallets are paired with a set of private keys or passcodes, and it is not available online. As a result, hackers and cybercriminals do not have access to the contents of a particular wallet. The same holds for multi-signature cold wallets but they come with more than a single set of private keys which also guarantees security. This technology helps JPEX maximize the protection of customer assets.
About JPEX Exchange ‘Best Staking Platform’ Title
JPEX has been a major force in the cryptocurrency industry since its establishment in 2020. Since that time, JPEX has headlined many activities in the decentralized finance and blockchain technology sector which includes serving as a Sponsor of the Blockchain FEST in Singapore as well as a Crypto EXPO in Dubai. Such involvement has transitioned JPEX from being seen as an EMERGING exchange to a more mature and ESTABLISHED exchange.
About JPEX Exchange VISA Payment Financial Card Function
In the first half of 2022, JPEX and Simplex by Nuvei co-launched JPEXxSimplex Visa Transaction Financial Card to help the growing number of cryptocurrency users convert virtual and fiat currency.
The card is currently available free of charge through the JPEX website, with the physical cards issued before the end of 2022.
Some users have already received physical cards by the end of 2022.
The JPEX Visa Card has been made available to European customers first, initially covering France, Germany, Italy and Lithuania.
About JPEX Exchange JP Planet Metaverse Game
JP Planet is JPEX’s first metaverse game and the first phase is expected to launch in mid-February 2023. YAMI will be the first NFT series of JPP ecology with 888 characters. Each YAMI will be presented in a unique style and its props and rarity will vary according to character level.
To provide users with the ultimate trading experience, JPEX launched an integrated comprehensive trading mechanism including spot trading, contract trading, and copy trading.
For the spot trading section, JPEX gathered the world’s mainstream 100 cryptocurrencies with the largest market capitalization and trading volume and it comes with the lowest fee of 0.04%.
For the contract trading section, JPEX screened 30 types of high liquidity coins, with the highest leverage of 200 times. At the same time, JPEX gives a minimum 50% discount on transaction fees and 30 USDT contract experience gold benefits.
For copy trading boards, JPEX strictly audits the trader qualifications. Users can choose the right trader according to risk tolerance, principal, return and other parameters to fully automatically copy or semi-manual semi-automatic copy, and pay 10% of the revenue as copy fee.
In response to the financial needs of users with different risk tolerance, JPEX launched three (3) types of financial services and they are demand finance, DEFI finance and liquid finance which involve 36 currencies in addition to stablecoins.
About Demand Finance
It includes BTC, Ethereum (ETH), USDT, United States Dollar Coin (USDC) and other mainstream cryptocurrencies. It provides interest returns ranging from 10% to 23%, and users can choose to deposit 1, 7, 15, and 30 days to receive the corresponding remuneration. JPEX finance earnings come from JPEX EARN’s automatic arbitrage technology.
About DeFi Finance
Decentralized finance has taken the world by storm with above-average interest rates. Through JPEX, users can choose a good DeFi platform to pour liquidity and receive consistent passive income while reducing the risk of losses related to personal and professional resources. Due to the uncertainty of engaging with the crypto market, the insurance mechanism is put in place by JPEX to protect customer funds.
About Mobile Banking
Mobile banking refers to the user depositing cryptocurrencies to provide liquidity to the trading system. JPEX provides additional incentives to reward these liquidity providers (LPs).
JPEX also officially launched the platform’s currency JPC in September 2022 which has a maximum supply of 10 trillion tokens and reached an all-time high (ATH) price of $0.01049 on Feb.2, 2023.
In addition to having many functions, holding JPC comes with many perks such as enjoying a significant reduction in transaction fees, and having access to the first subscription offer for newly listed items. To remain competitive in a market whereby more than 20,000 crypto assets search for buyers, JPC continues to carry out periodical token-burning exercises to reduce the number of coins available to JPC holders. In the process, JPC as a token will function as a currency due to its scarcity attribute.
JPEX launched LAUNCHPAD to repay the exchange’s loyal users. Users can subscribe with JPC or USDT for the lottery. In the USDT lottery, users who win will exchange the corresponding percentage of new coins, and if they don’t win, they will be returned in the same way.
To give back to users, JPEX has slated the period January 15, 2023, 00:00 – April 15, 2023, 00:00 (GMT +8) for the YEAR OF THE RABBIT CONTRACT ROYALTY CONTEST. Prizes will be given out to the number of trading profits of USDT local contract trading. The top three (3) leaders in the contract profits will share a total of 150 million JPCs as long as they have fully completed the Know Your Customer (KYC) phase of verification.
First Place: 75 million JPC
Second Place: 45 million JPC
Third Place: 30 million JPC.
Along with the introduction of cryptocurrency-related regulations in various countries, the crypto market is gradually accepted by more retail investors and institutions.
JPEX always grasps the trend, constantly improves its functions and services from a development perspective, developing new technologies to provide the ultimate trading services for global traders, and strives to become the industry pioneer.
With the rapid growth of the web3 market, CGS has begun to accelerate the globalization. As the gamefi market has been recognized in recent years, the audience of CGS is gradually moving from gamefi enthusiasts to the entire web3 crowd. As the blockchain is gradually recognized by the public, CGS will face new opportunities and challenges. So CGS (Crypto Gladiator Shards) brand upgrade was renamed CGL (Crypto Gladiator League), which will grow from the original single game ecosystem to a game platform and become the game traffic portal of the entire web3.
CGL (Crypto Gladiator League) will complete the overall upgrade from the three
1. No longer stick to the ecosystem of a single game type, and develop into a full-category game platform.
Compared with a single game type, full-category games allow users to experience more games, and can also collect user data in multiple dimensions. Based on data, CGL can build a larger ecosystem at the bottom of the game.
2. Build CGL’s season challenge mode
The season challenge mode is jointly initiated by CGL and game developers. Several games with strong relevance are selected, special tasks for each game are specially set up, and all tasks are packaged into one challenge. Users who complete the entire season challenge will get special rewards set up by CGL.
3. A variety of basic services have been added, game ID, NFT marketplace, and financial services.
1) The setting of the game ID is to give the user a brand new game identity in the ecosystem. With the more game behaviors of the user, the information of the identity on the chain becomes more and more perfect, and establishes its own at the bottom of the whole game is established to promote the development of the entire ganefi.
2) The establishment of the NFT marketplace provides good liquidity for ecosystem NFT and ensures the transparency and security of transactions.
3. CGL will provide a series of lending and pledge services for NFT in the gamefi, and will also increase insurance to protect the asset security of every user. Further enhance the user’s experience of the gamefi world.
From these three, CGL has ushered in a brand new image. This brand upgrade of CGL is not simply adding a few services, but preparing to create the largest game ecosystem on web3 and complete the data integration of the entire web3 gamefi. Become the game traffic portal of the entire blockchain world.
From financiality to gameplay, GameFi has received more and more attention as the accessible scenarios continue to expand, but it also faces its own problems and needs to find a balance between playability and profitability. In terms of economic model, GameFi has created a new game economic model of Play-To-Earn. The Play-To-Earn economic model brings a high percentage of players to create revenue and a flat ecological relationship, which solves the core pain points of the Free-To-Play model.
KING is a decentralized game created by integrating technologies and concepts such as blockchain, DeFi, GameFi, metaverse, DAO, etc. Users can not only enjoy a wonderful and rich gaming experience, but also earn income through their gaming skills. Developed by A16Z jointly with the Riot Games team and the KING team, KING will accommodate wireless game lovers to create a more immersive virtual world in this game.
The KING team has studied the economic model and life cycle of nearly 100 GameFi games on various public chains, summarized the strengths and weaknesses of the top chain games, and combined the fun of traditional games and the financial nature of on-chain games to design a complete and mature game ecosystem and economic system. It is fun, competitive and P2E.
Players need to buy admission tickets first, and different admission tickets correspond to different income limits. After players get the admission ticket, they can use USDT to draw the mystery box, and open the box for a maximum of 10 times a day. The interesting thing about KING Chain Tour is that if you don’t win the dinosaur mystery box, the platform will refund the principal amount of the entrance ticket used to open the mystery box, and you will also get a 1% subsidy on the principal amount. In other words, players will not lose money in participating in the KING chain tour, but will only make money. the expandability of the KING chain tour itself and the redefinition of NFT for the ownership of game assets, fully give the imagination of the future practical value of NFT.
According to the players’ own arithmetic power, they can do arithmetic mining on the KING platform and generate King platform tokens. The number of players involved in the initial stage of the platform is small, but if you upgrade to a higher level miner with higher arithmetic power, you can harvest more King tokens. In the future, as the platform gradually matures, King will be given more important missions, and users will get more rights and protection from it.
The growth of the KING community requires the joint efforts of every player, as KING has designed referral rewards and community rewards to better reward users who contribute to the community.KING is committed to providing players with a fair, just and open gaming environment, transparent data, transparent rules, and a GameFi 2.0 gaming aggregation platform without backend manipulation of burst rates and malicious guided spending.
The SZR public chain of digital people is the world’s first public bottom public chain of digital people. It is a digital character image created by using digital technology and close to human image. It is a new technological revolution in human history. SZR has attracted strong attention from global blockchain enthusiasts since its launch, attracting the focus of major groups and investors.
In a narrow sense, digital human is the product of the integration of information science and life science. It is to use the methods of information science to simulate the shape and function of human body at different levels. Its research process includes four overlapping stages of development, “visible human”, “physical human”, “physiological human”, and “intelligent human”, and finally establishes a multi-disciplinary and multi-level digital model and achieves accurate simulation of human body from micro to macro. The “digital human” is expected to be able to replace the real person to complete many tasks that the real person cannot complete, such as the weightlessness area of the universe, the cold and anoxic area and the area inconvenient for long-term residence. And complete the automobile impact protection experiment, anti-nuclear experiment, anti-biochemical experiment and anti-biological weapon experiment that are injurious to real people. Due to the continuous upgrading of technology, more and more virtual digital people have entered our lives.
Digital artificial intelligence, blockchain and big data can be effectively combined and mutually compatible. On the blockchain-based network, the liquidity of big data will be significantly improved, and AI will play a greater role in value.
In terms of financing, from the perspective of industry classification, AR/VR complete machine or hardware is still a hot spot in the industry. At the same time, the digital human industry has grown significantly. Medical care is still the long-term focus of the vertical industry. Virtual social networking, virtual training, game entertainment are still the three unchanged focuses of AR/VR in recent years. From the perspective of regional classification, China has leapt to the second place in terms of total financing due to more than 22 years of AR brand financing events, surpassing the former financing regions of Britain and Israel.
The trend of acquisition and integration in the industry is also more obvious. It can be predicted that with the increasing market heat and audience, there will be another series of reshuffles. For example, although Meta was blocked in acquiring Within, it still acquired 6 companies in 22 years, including 3 content production companies. Niantic has acquired a very mature WebAR service provider, such as 8thWall, and Snap has acquired core hardware technologies such as Compound Photonics and NextMind. Everyone is expanding towards consolidating their own ecosystem.
Internationally, the industry has made steady progress without waiting for Apple to enter the market. At the same time, Meta laid off a large number of employees, and Magic Leap, a star start-up company, ha
s undergone a series of adjustments, with its sharp edge reduced, showing a mixed trend. Digital people are a very popular sector of investment and financing in 2022, with an annual financing amount of 593 million US dollars, accounting for 17%, ranking second in the industry category, which includes various virtual avatars, virtual idols and other digital person-related enterprises.
SZR Digital Man is a new generation of blockchain network, which integrates many disruptive innovations. As an important infrastructure of the “Internet of Value”, it combines advanced economic models and technologies such as blockchain defi+GameFi+sofi+Metaverse+NFT++DAO to create a “super planet” in the blockchain world. Participating in the global top 100 community nodes: Mana, Gala, Link, AXS, VDS and other well-known communities to jointly build community ecology; In addition, hundreds of global investment institutions have participated in the research of BTC, ETH, FIL, EOS and other early preachers; At that time, more than one thousand media organizations will cooperate with the community to be publicized. SZR Digital People is the world’s first to create multiple super-strong ecological layout and economic landing mechanism. Based on blockchain technology, SZR Digital People has developed a set of decentralized, low-cost and private global first decentralized digital people cloud space platform, and provided a complete scientific tool flow system. The artificial intelligence computing node in the SZR chain can be composed of various forms. Based on the Web3 ecosystem, a set of efficient and decentralized blockchain data index and query API service layer is built to make DApp data access easier and faster.
SZR will rely on blockchain technology to build the world’s first digital person consensus underlying public chain in the global perspective, and develop a variety of application scenarios, such as: AI data trading platform, multi-function wallet, MetaUniverse digital person, smart contract, hard human brain and nerve. Relying on a variety of application scenarios at different levels, create a unique industrial closed-loop, rely on Token as the link, realize the upgrading of the big data industry ecosystem, let the value transfer perfectly, and finally create the world’s first blockchain-based AI operating system, let the blockchain+AI will change all aspects of our lives.
The blockchain artificial intelligence public chain built by the SZR ecosystem has effectively realized the storage and encryption of big data. Other projects can also build a technology system suitable for individual users and enterprise users to use for distributed storage and the infrastructure for unified blockchain technology by issuing a pass on the SZR chain. The goal of SZR is to apply blockchain+AI technology to construct a trusted distributed SZR AI public chain that can both self-cycle and expand outward.
In this SZR ecosystem, information is relatively transparent and symmetrical. A large part of profits come from the realization of real value, and only a small part comes from information asymmetry (absolute symmetry does not exist;
In this SZR ecosystem, each business participant can minimize the trust friction of cooperation, make the distributed collaboration between all parties more simple, efficient and low-cost, and then concentrate resources on more advanced technologies, better products and better services to generate greater value;
In this SZR ecosystem, every natural person and every enterprise can find their own place, contribute their own value according to what they are good at, and get a relatively fair reward;
In this SZR ecosystem, blockchain technology should have room to develop in all aspects, including commercial activities and corresponding supporting economic activities;
In this SZR ecosystem, value is accompanied by high-speed transmission of business activities in an expanding closed-loop. The form of value may be goods, services or direct “funds”.
[SZR Digital Man] Technical advantages:
1. Decentralized data index protocol, anyone can create and publish index data based on its open API.
2. Provide a more convenient way for developers to obtain blockchain data.
3. It is to build an efficient and decentralized blockchain data index and query API service layer based on the Web3.0 ecosystem, making DApp data access easier and faster.
4. The principle is to index the blockchain data and generate sub-graphs, thus allowing fast digital human interface.
5. Digital person index: provide a fair ranking algorithm and define the value scale
6. The Force of Digital People: providing the self-evolution of blockchain systems and applications
7. Digital human virtual machine: provide the construction of blockchain application ecological environment
8. Beyond the technological dimension of the metauniverse
[SZR Digital People] Global advantages:
1. The world’s first decentralized digital cloud space platform
2. The first parent currency+space station+human brain neuron+digital human identity system
3. One-stop ecological application platform
4. Complete scientist tool flow system
5. Let digital currency lovers learn more easily.
6. The circulation is less than that of standard BTC
7. Global Vision The world’s first digital person consensus underlying public chain
8. Multi-stage ecological development
9. Permanent vitality, the first digital human project in the history of blockchain
SZR may become a new era in the blockchain world. Let’s focus on its growth with a global perspective, and let all lovers find their own wealth direction here. It is the blue sea and blue sky of global consensus lovers.
Recently, the founders of the Web3.0 project RunbitDAO announced that RunbitDAO2.0 will launch a Giveaway event to reward the early supporters, to encourage more enthusiasts to participate and promote the development of RunBit DAO.
Giveaway event winners can get the in-game equipment and attribute cards for free, and after completing the daily step count, participants can get corresponding rewards.
RunbitDAO is a Web3.0 aggregation platform, which aims to promote Web3.0 technology to accelerating the industrial interconnection, improve social production efficiency, and effectively improve people’s lives through the combination of Web3.0 technology and people’s sports, entertainment, consumption, etc.
Runbit DAO’s first version—step counting project has been launched, and RunBit DAO APP users can get the $RT rewards through the exercise.
Stanley Milgram, a professor of psychology at Harvard University, proposed the theory of Six Degrees of Separation, there will be no more than six people between you and any stranger, that is to say, there will be no more than six degrees of separation between you and any stranger. You can meet any stranger through the middleman. The theory of Six Degrees of Separation is a good illustration of a network structure, which strengthens the connection and connection relationship between different nodes. However, it is not complete, but to a large extent, it allows people to have a deep understanding and exploration of human society in the information age.
Universal Basic Asset (UBA) aims to analyze users and their relationship through research, and introduce the concept of UBI (UBI proposes to issue a certain amount of funds unconditionally to everyone as its basic income to solve the growing inequality and unemployment caused by automation), through token incentives for fair distribution, transfer the user relationship that originally existed off-chain to the chain, establish a user relationship network on the chain, and use the UBA network rating and analysis mechanism, in conjunction with PageRank and other algorithms, to achieve the accurate analysis for users, open to Web 3.0 developers to use, build a SocialFi network with privacy protection and Decentralized Identity (DID) system in Web 3.0.
There are three basic analysis units in the UBA network: User, Relationship and Group. The user is the subject of behavior. The relationship refers to the association formed between users through invitation and communication. The group refers to the collection of relationships between users.
In the UBA network, the user is the subject and the smallest unit in the network structure, and the relationship between users is considered to be the skeleton of the UBA network and the starting point of communication activities. The relationship between users often exhibits multifaceted nature and interweaves to form a complex UBA network. The research on users and their relationships is the focus of UBA network analysis and the basis for analyzing the phenomena and data reflected by the relationship network. Deepening the understanding of UBA network user relationship can not only motivate and guide the development trend of UBA network, but also accurately and efficiently carry out information dissemination and personalized product recommendation.
Users with active behavior are called UBA network nodes, and the characteristics of nodes can reflect the influence of users. UBA analyzes nodes from the three dimensions of initiative, centrality, and activity. These nodes are often key users or KOLs.
Relationships are often manifested as invitations and interactions. Users can form vertical associations by inviting friends to join the UBA network, and users in different vertical structures form horizontal associations by teaming up. Each user is in a position of equal rights to each other, which is an intersubjective relationship of mutual recognition, interdependence and mutual influence, thus forming a huge user relationship network.
Information spreads quickly within an ethnic group, but it is more difficult to interact across ethnic groups. UBA uses algorithms such as PageRank, combined with the UBA user system, and incorporates social features to help users interact better, deepen connections, and form a more complete group relationship. Starting with the user address, UBA continuously and recursively captures relationship information to build a multi-level relationship network.
By researching and analyzing users and their relationships, UBA will form a huge on-chain user relationship network and provide it to corresponding developers.
So how to participate in the construction of UBA?
Enter the UBA official website (https://uba.finance/) in the wallet, you can directly start mining or pledge NFT mining on the page (NFT has been listed on Binance NFT and OKX NFT), and share the link on various media , invite more friends to participate in the construction of UBA. The more invitations, the greater the contribution to the ecology, and the more rewards you will get.
UBA can use the above advantages to solve the current problems better, build a new set of human relationship maps in the blockchain world, and build different social relationships and organizational structures while ensuring privacy. Promote the development of the human world.