[PRESS RELEASE – Singapore, Singapore, 2nd August, 2022]
BinaryX, a leading P2E game development company, has released the official whitepaper for RH!NOX, a collection of 10,000 NFTs that will enable holders to use their assets as avatars on various GameFi and DeFi applications on the BNB chain. makes.
The Rh!noX NFT series draws inspiration from the Soulbound item in the World of Warcraft game and aims to become the first Soulbound token on the BNB series. In addition, the collection links holders’ NFTs to their interactions, thus developing them into unique assets.
Above all, it gives them many features, such as beta testing for games, NFT whitelisting, projects, new tokens on the BNB chain, and more. The team spent several months improving the project’s approach and roadmap, which is now available in a new and enhanced whitepaper. For the first time ever, readers can explore the full functionality of Web3.0 and understand the underlying mechanisms, possibilities and features of Rh!noX. Here is a brief summary:
Rh!noX Soulbound Token Analytic System
This facility will calculate the credit score of the wallet based on the amounts owned and trading history. It works in the same way as the credit card company’s standard credit calculation system. Simply put, it determines what a user is eligible for based on their credentials.
The system will classify Rh!noX owners into different levels with different benefits. For example, members of the highest level will enjoy more perks than those at the lower levels, decreasing the number and quality of perks with each level.
A good credit score will reward NFT holders with several benefits, such as:
VIP treatment
Exclusive Airdrops
Airdrops from various projects
Closed-beta entry/early access to DeFi projects/whitelist slots
rebate on processing fee
Unsecured Loans ($RUSD)
The latter is a loan that does not require collateral. Also, the maximum amount a user can request depends on their credit rating. The initial funding for the unsecured loan will come from the Rh!noX Treasury and the Rh!noX represents the proceeds from the sale of NFTs. Ultimately, the loan amount will affect the interest rate and will be collected in $RUSD.
Trading of Rh!noX NFTs will not affect the credit ratings of their respective owners. In addition, the accumulated credit score is linked to the Rh!noX NFT and can be transferred to any other user.
Multidimensional Behavior Analysis Model
The system has a built-in aggregated analysis model studying the characteristics, personality and credibility of the NFT owner. To arrive at this conclusion, the system will consider wallet addresses and interactions, such as:
trading history
On-chain behavior
Project Preferences
asset portfolio
position of liability
Participated in campaigns and events
Airdrop History
Eventually, this list will expand to include more factors without sacrificing the anonymity of Web3.0 technology. Here is a use case of this analysis model.
rh!drop
With Rh!Drop, developers can target on-chain users based on asset values, interests, trading styles, credit ratings, and more. This feature will be an on-chain airdrop targeting service and will be the primary tool for on-chain project developers. For example, they can use it to deliver airdrops to target receivers who match specific criteria. To understand this idea better, think about Google Ads. Google Ads delivers customized ads to selected users based on their past behaviors on the Internet.
Suitable ads will be shown to the right target audience. Rh!noX works similarly. In simple words, this benefits not only the project owners but also every user on Web3. Project owners and developers can improve their project awareness and expand their communities easily once they identify the right audience for their projects. Also, as long as their overall credibility and ‘personal profile’ is good, ordinary users will enjoy early information from various projects without airdrops or even doing any extra work.
Rh!noX NFT . sociality of
The project also comes with various social features, such as:
social identity
The Rh!noX officer will verify the background of the individuals. Also, it will allow users to identify the credibility of another person based on the data SoulBound Token collects. In this way, future Web3.0 users can visit the wallet address profile and identify the required details, such as capital level, project preferences, active areas, trading style, etc. This tool also eliminates fake IDs, false claims on property, and more. Its level of transparency will be accessible to all. For example, if a user has more than $10,000 in BTC in their wallet, they will receive the title “BTC Whale”, which tells the developers everything they need to know about this person.
Rh!neT
The feature will work like a Web3.0 networking platform, allowing users to check one’s profile, social status, social networks, send instant messages, etc. Its main goal is to help users connect and build a community at a high level of transparency, credibility and Quality recognition.
Rh!noX . about
Team Rh!noX has extensive experience in the blockchain industry, traditional game development, and game publishing (learn more about BinaryX). The core team members are from Silicon Valley and participated in the development of the early BNB chain and Polkadot chain and have made outstanding contributions to the growth of the industry.
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