Web 3 communities and projects no longer solely offer native tokens for rewarding contributors, with new standards such as Soulbound Tokens (SBTs). These instruments, along with on-chain achievements, serve as the future of on-chain reward & credentialing for Web 3 businesses & communities.
However, the Web 3 reward system currently lacks use cases and frontend for scaled usage:
- Credential & reward tokens are not currently connected to project & community use cases;
Metopia provides a full-lifecycle reward system flow for projects and communities to implement:
Step 1: event-based reward issuance of SBTs;
Step 2: SBT protocol on the reputation system;
Step 3: DAO governance voting with SBT, POAP, & OAT;