According to the Nomis official website, the Web3 scoring solution has scored over 2.4 million wallets and 507K unique score holders to date.
By Anisha Pandey
Edited by Julia Sakovich
Updated
3 mins read
Nomis, a reputation protocol, has announced the debut of its on-chain reputation score feature for The Open Network (TON), one of the leading blockchain networks that has risen to popularity in the current market cycle. Based on their wallet activity, the user will receive a score ranging from 0-100. Nomis new scoring feature aims to strengthen the TON blockchain system by introducing “a robust on-chain reputation system”.
“This system assigns users a reputation score (ranging from 0 to 100) based on their crypto wallet activity. It can detect bot farms and Sybils, helping TON and projects on it to prevent abuse, identify genuine users and early adopters, and thus reward them for their contributions to the entire ecosystem,” said Nomis.
Along with the scores, Nomis will also provide personalized experiences for users via ScoreFront. ScoreFront is a platform that allows Nomis score holders to use their scores as leverage and gain additional rewards from Nomis’ partners, including Interport, Timesoul, and others. Each partner has different reward schemes that score holders can explore and gain “unique access, custom terms, rates, and powers.”
Further, the score holders will also have the ability to “convert their crypto traction into DEX discounts, whitelist on launchpads, eligibility for airdrops,” among other things. Currently, around 1,500 people have signed up for this activity, according to the data from the TON Society.
It is important to note that Nomis is the first scoring solution for the TON blockchain, and to celebrate this important milestone, the scoring solution is offering free reputation scores to the first 1 million users. They will only have to pay for the gas fees. Nomis also confirmed that users will get several benefits, like exclusive access and airdrop eligibility, from various TON Ecosystem projects, including Storm Trade, DeDust, Tonkeeper, AquaTON, and Nimbus.
According to the Nomis official website, the Web3 scoring solution has scored over 2.4 million wallets and 507K unique score holders to date. It also supports more than 50 blockchains and is growing at a significant rate.
Following the success of viral Telegram-based games, Notcoin (NOT) and Hamster Kombat, TON-based applications have been in the spotlight this cycle. Despite the crypto market meltdown, Toncoin (TON), the native cryptocurrency of the decentralized layer-1 blockchain, ranks among the top 10 largest digital assets by market capitalization.
Also, according to DefiLlama’s data, the total value locked (TVL) in the TON network is $588.2 million and has shown a significant increase this year. With a market cap of $16.6 billion, Toncoin holds the 8th position in the market and has experienced a 379.54% increase since July 2023. The token is currently trading at $6.67 and has experienced a 61.38% surge in trading volume, which stands at $701 million.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
With a background in finance and a passion for innovation, Anisha has been covering the ever-evolving world of crypto for over four years. Her deep understanding of the crypto market have made her a trusted source for analysis and news. Whether it's dissecting the latest trends or decoding whitepapers, Anisha is dedicated to bringing clarity to the world of digital assets.
