We at YOM spent quite some time thinking about a reputation system. It started as a conversation about staking $YOM and the concerns with regulations and the like, and the full conversation ranged into what governments do, the sometimes onerous nature, and our goals of creating a better structure for our ecosystem. The $YRX system outlined in our whitepaper is a great summary of where we landed.
The system is not meant to be a simple quid pro quo. We truly feel that the best system is one of meritocracy, that those who add value to our ecosystem should be rewarded for that value add. Morally, that’s the correct way to govern a project. So the reputation system we envision is not just for levelling up and cashing out, but more for rewarding reliability, demonstration of confidence, promotion of our product and vision, and being an overall contributor to the project.
How does all that look in a practical example? Let’s take a walk.
Chapter 1: Entering the Realm of Rewards
Enzio (who is our fictional community member with a sweet name) listened intently to the AMA announcing the establishment of the $YRX reward program. But with the popping and static of the X Spaces audio, he didn’t fully understand. Enzio, a curious lad, ventured to the whitepaper to learn more about the program.
From the whitepaper, he realised that his fears that the $YRX was going to water down the value of all of the $YOM he had accumulated were unfounded. As a soulbound token, unable to be traded or sold, he came to understand that the two do not compete. But this presented a new question for him. If it can’t be traded or sold, what was the value and purpose?
Chapter 2: Understanding the Rating System
As he read the whitepaper section covering the program, and being an avid gamer, he started to discover a parallel to traditional video games. In legacy experience systems, players gain points as they accomplish tasks and complete missions, unlocking rewards that aren’t available at lower skill levels. And experience level only ever increases; those points are not exchanged for reward, they are just the key to getting those advanced items. The picture was beginning to come into focus.
Traditional experience systems, however, are tied to the game Enzio was engaged in, and rarely translated from Game A to Game B. And each player’s level was stored as game data, on a central database owned by the game creator. This $YRX … is different.
By rewarding $YRX, Enzio began to understand, the YOM ecosystem was creating a dataset in each holder’s wallet, eliminating the need for a centralised system. “Clever”, he thought aloud.
So our hero started to take an inventory of the various ways he might earn $YRX called out in the document and planned to pursue as many as was reasonably possible. Staking $YOM was well within his capabilities once it became available. He is familiar with the practice, and was confident in the value of the DePIN that YOM was building. And he is on the waiting list for Beacon activation, so he liked the idea that a higher $YRX count meant his beacon was more attractive to the network. So what else was available?
Not much of a social media user, but active enough in the Discord group, Enzio put it to himself that he was going to become more structured in his social media presence. As the $YRX system gets stood up, he wanted to be ready to engage online to bring more attention to the YOM project, the $YOM token, and the DePIN narrative. Practice and routine, he knew, would be his keys to higher $YRX rewards. So he set an alarm on his phone for twice-a-day postings he was committing to on X and Instagram to pump the project.
Chapter 3: Stacking $YRX
Timewarp: Enzio’s bag has been steadily increasing after 8 months, and he’s received his first airdrop of note. When the Airbike racing game sponsored by MegaSplurge Energy Drink was announced, Enzio’s gamer brain was engaged. He loved the idea of racing against his Discord friends in what looked to be an incredibly new racing genre. And waking to see his own custom airbike in his wallet, gifted by Mega-Splurge because of his $YRX holdings, he was ready to go. He drops a message in Discord, with the link to the Mega-Splurge site, and it was off to the races.
Timewarp again: Four years ago, when Enzio got involved in the YOM community, he was excited for the gains in $YOM, the free drops for his $YRX, and supporting the concept of the 3D internet powered through decentralisation. As time has passed and his understanding of the change that is taking place in how people engage in this growing sector, his thinking has matured, as have his ambitions. With his large holding built up over time, he is getting ready to assume the role of Cardinal in the YOM DAO. As a Cardinal, he will have the ability to bring forward a policy that he always felt the ecosystem needed, the idea of a $YOM return review for beacon holders each quarter. He wanted to ensure that the value of the GPU space he and other beacon holders were receiving kept pace with the inflation rate that was affecting his energy costs, and quarterly instead of yearly reviews were more necessary in his mind. He was now positioned to bring this to a vote.
Chapter 4: Celebrating Success
Enzio is where he wanted to be through his dedication and hard work. There were certainly times that he had questions, even disagreements, with some announcements and partnership chances that the project was pursuing. He offered constructive feedback on occasion, and was happy to see when it had an impact. His financial success was not built on $YOM alone, but having a beacon came in handy over the years. More importantly in his mind was the friendships and community he was a part of through the ecosystem. He liked being able to support campaigns to drop $YRX to others like him who were helping bring projects to the network. He’s watched many of his long-term project members rise in the ranks, and while they were successful, he was never going to let them forget that he alone was the all-time Mega-Splurge Race Cup Champion.
Let’s End Here
Enzio (should have been my kid’s name) is obviously fictional, and the above account is just one path that we envision for the $YRX program. While airdrops and DAO governance is certainly part of the vision, the significant part in these early stages is the decentralisation of data and rewards based on merit. The idea that we can build a system to replace centralised data collection for player accounts with decentralised wallet accounts holding soul-bound tokens is to my mind yet another example of where web3 is changing the game.
There’s an essay to come at some point about how traditional development and web3 development differ so much because of community involvement. Be on the lookout for that. Until then, look for the rollout of the $YRX system over the coming weeks and get involved early. Offer constructive feedback and help with the conversation. Expect that there are a lot of intelligent voices playing roles, but publicly and privately. And get ready for that Airbike racing. It’s going to be Mega-Splurge-tastic!
The (soon to be doxed) Ecosystem Director
About YOM:
YOM is the 1st cloud gaming DePIN powering white label metaverses, immersive experiences, and games at near-zero prices and at global low-latency coverage to any device and channel. YOM is providing studios with the tools, grants and an accelerator program they need to easily craft and deploy their own Unreal Engine 5 experiences built for their brand, clients, product, or interest. YOM’s pixel-streaming infrastructure is optimised for quality, performance, and flexibility. The project is backed by a network of top-tier advisors that will be revealed over the coming weeks.
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