The Itheum Protocol has introduced a groundbreaking approach to data ownership and exchange in the Web3 space. By incorporating Data NFTs and a blockchain-agnostic XP system, the protocol aims to enhance user involvement and trust, tackling the challenges of user engagement and community growth that the industry faces.
One of the main obstacles in the Web3 space is the presence of malicious entities such as bots and bad actors, which undermine the foundation of trust and security that the industry strives to establish. This issue is particularly evident in sectors beyond decentralized finance (DeFi), where projects focused on NFT infrastructure struggle to attract active users.
To address these challenges, experience point (XP) systems have emerged as a promising solution to boost user engagement across the Web3 landscape. However, for these systems to reach their full potential and attract a diverse user base, they need to be independent of any specific blockchain. By implementing blockchain-agnostic XP systems, projects can appeal to users from various blockchain protocols, expanding their reach and impact.
The Itheum Protocol is a decentralized platform that leverages blockchain technology to revolutionize data management, ownership, and exchange with a focus on security and transparency. It introduces a game-style XP system called BiTz, which enhances user engagement and distinguishes legitimate users from bots and bad actors. The BiTz system is not limited to a single blockchain but integrates with Itheum’s omni-chain features, inviting users from different blockchains to participate and mint their data as Data NFTs.
The BiTz XP system encourages active user participation by rewarding them based on their accumulation of BiTz, which is the smallest data XP unit within the Itheum Protocol. Users can climb the platform’s monthly and all-time-high leaderboards, earning benefits such as airdropped Data NFTs, boosts on monthly Itheum Trailblazer quest rewards, and future perks like giveaways and merchandise.
To acquire BiTz, users must possess a BiTz-compatible Data NFT in their wallet, enabling them to participate in the “Get” game. Initially, these Data NFTs were distributed through airdrops to early supporters of the Itheum Protocol. However, users who didn’t receive the airdrops can purchase BiTz-compatible Data NFTs on various NFT marketplaces.
In the “Get BiTz” game, which is playable every 6 hours (reduced to 3 hours during the launch window), users are required to “burn” a meme as an offering to the BiTz Generator God. The chance of winning BiTz is determined by luck after the meme sacrifice.
In addition to the game, users will soon be able to earn BiTz points by engaging with the Itheum Protocol through activities like exploring and favoriting Data NFTs and Data Creators via the Data DEX, utilizing Data Uptime Checks, or embedding Data Widgets within the Itheum Explorer. Users are also invited to contribute their insights and suggestions through the suggestion form, offering an opportunity to influence BiTz utility and the development of the ecosystem.
Through these initiatives, Itheum, a participant in the Cointelegraph Accelerator, aims to address the challenges of data ownership and trade in the digital economy. The leaderboard system and associated rewards reflect Itheum’s commitment to valuing user contribution and interaction, highlighting the platform’s dedication to enhancing data control and ownership in the digital age.
To learn more about the Itheum Protocol, visit their website.