Nomis is a reputation protocol that uses users' onchain activity to assign reputation points to their wallets. In essence, it serves as a personalization layer for Web3, allowing users to create, develop, and use their online reputation in the same way they do with their IRL reputation.
Nomis Use Cases
The core primitive of the Nomis protocol is Nomis Score. This score system functions as a decentralized indexer of identity and reputation for blockchain addresses.
Nomis is designed to be an integral part of the web3 ecosystem. Theapplications of the protocol are as diverse as the internet itself:
Credit. In finance, Nomis Score can assess creditworthiness in a fully decentralized manner, facilitating lending in the cryptocurrency realm.
Wallet Rating. The Nomis protocol provides a robust wallet rating system. This feature enhances security and trust in the cryptocurrency realm.
Fraud Prevention. Nomis contributes significantly to fraud prevention by providing a transparent and publicly available reputation system. This feature plays a key role in building trust and growth in the sector.
Targeting and personalized UX in dApps. Nomis Score is a powerful tool for decentralized applications. It allows you to deliver a personalized user experience, improving interaction and engagement in dApps.
Social Ranking. Nomis advocates for a fair social reputation system, a platform that promotes equality and fairness in online interactions.
Professional Reputation. Nomis envision a web3-LinkedIn where employer-validated professional credentials are available globally. This approach fosters a truly global and decentralized labor market. Projects can use the protocol and offer various benefits to their members: personalized offers, exclusive access or eligibility for rewards!
Fair distribution of tokens. With Nomis, fair and equitable token distribution and airdrops are no longer a dream. Nomis can serve as an Anti-Sybil solution to protect ecosystem projects from Sybil attacks, TVL drops and decreased user trust.
Nomis Reputation Layer
The Nomis protocol transforms Web3 interactions by assigning reputation scores based on user activity on the blockchain, effectively acting as a digital reputation layer without the need for traditional KYC or social media verification.
How Nomis Works
The Nomis Score algorithm is a combination of statistical methods and machine learning technologies, including neural networks. Its goal is to analyze data and identify dependencies between multiple parameters.
The algorithm uses a systematic approach that starts by extracting data from the chain and then enriches it using third-party services. Expert judgment is also included in the process.
Nomis analyzes over 50 blockchains and 30 parameters including but not limited to: wallet balance, transaction volume, wallet age, etc. In addition, the mathematical model underlying the Nomis protocol can be flexibly customized to meet the needs and priorities of a particular ecosystem or project.
This means that the weights of the parameters taken into account by the Nomis Protocol can change from project to project. In this way, a unique architecture can be created.
The calculated score reflects how closely the wallet matches the ideal audience out of 100 points.
Nomis Reputation Score is a non-transferable NFT, aka SBT, so there is only 1 token per 1 given wallet. If your score has changed and you want to get another SBT to prove that your current score is higher than before, you can do so.
Updating the score is an action on the blockchain and the protocol takes a fee for minting and you will also have to pay a gas fee. There's no need to update your score too often, and you can still check your score for free.
Nomis ScoreFront
ScoreFront is a universal platform for Nomis Score owners to leverage their reputation in onchain. With this option, anyone can start earning rewards for their scores by exploring exclusive offers from Nomis partners.
Nomis API
The most common way to integrate with Nomis is through the REST API using the OpenAPI specification.
