onchain-points
For convos around onchain points mechanics and designs
@tomu
we’re changing our points mechanism a bit at Overgie. Has any other team recently jumped into onchain points? I'd love to see new experiments and find out what’s working so far
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@snark
my first article! on Warpcast's active badge and public reputation systems. Not exactly about onchain points but related.
TLDR: A reputation algorithm should not be made public if the reputation inputs could be easily exploited.
https://paragraph.xyz/@reputation/why-ending-the-active-badge-was-the-right-choice
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@tomu
they are just playing it safe:
- testing out the system
- seeing what works, changing the dynamics
- then minting it
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@snark
I've just had a conversation about points, and it seems there has been some serious confusion between monetary points and reputation points. Quick 🧵 on the differences between the two.
Let's start here:
Reputation points should not be spendable.
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@tomu
great episode from @rsa.eth and @trustlessstate on points
https://www.youtube.com/watch?v=B_i4_6A796I
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@niftytime.eth
Been building a silly but surprisingly sticky daily user check-in game with @chejazi over at StreakPoints.com 💫
Seeing > 80% retention with 200+ Streakers checking in everyday extending onchain streaks & stacking $SP, a useless worthless token (rn)
Much more to come
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@tomu
Revolut is a great example of points system.
On issuance - we can learn a lot from web2 companies that already have big loyalty programs.
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@tomu
Wrote a new piece where onchain points enable new ways to build loyalty programs for fandom.
"Moving beyond crypto tokens, these programs are not about attaching a price tag to loyalty; they're about valuing the time and dedication of fandom"
https://mirror.xyz/tomu.eth/mH_RRjdN6-nONF6R04upu25qmt6BxZWYB0thvvRmd8I
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@snark
found this good article
https://archetype.mirror.xyz/bbLSBkiAQY7gpSTzmvhlXgW93QSMx2goojhXrjOSWVg
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@vinayvasanji.eth
+1 — also quite like their framing of airdrop farmers as e-beggars, if more people used this term perhaps the social stigma would reduce farming demand (although likely optimistic and unrealistic)
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