Karat Network

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The verify to Earn mechanism helps communities reward their users, using Dashboard to help them learn more about their user's Web 2&3 identities. This revolutionizes Web 2&3 ID data ownership, by letting users own their data and earn. Together as one, creating the largest shareable DID network.

Verify to Earn incentivizes users to verify their ID by offering rewards based on their ETH and KARAT balance and the total distribution amount of the day. This helps the network gain more data access and assets, encourages users to hold more KARAT, and encourages validators to compete and stake more KARAT. The total daily distribution cap prevents potential attacks from large mining pools and exchanges with a lot of wallets.

To incentivize users and project parties to join the network, KaratDAO has launched an activity called "Space Odyssey" which involves Validators and Claimers. Validators must purchase a Bunny Captain NFT, while Claimers can obtain a SBT Bunny NFT through free minting under a validator. The free minting will also get the claimer a KAT score based on the Claimer’s wallet age and wallet holding. Once they have an NFT, users can interact with the network.

Each time when a validator has a new claimer verified under the validator’s node, the validator will get a score increase based on the claimer’s score.

Every wallet will get KAT token airdrops based on it’s KAT scores.

Verify to Earn incentivizes users to verify their ID by offering KAT Token rewards based on their ETH and KARAT balance and the total distribution amount of the day.

Validators are captains that designate the Karat team to run the physical nodes for them.

Validators then share their unique link to claimers.

Claimers will be able to mint a SBT NFT Bunny after verifying their social IDs.