Jakarta, Pintu News – The Shiba Inu ecosystem team recently launched the Karma system on the Shibarium test network, Puppynet. The system is designed to track and reward user engagement in the Shiba Inu ecosystem.
Using smart contracts like KarmaLogic and KarmaStorage, the system promises to transform the way users interact and contribute to the network.
The Karma System in Shibarium uses smart contract technology to manage and calculate the points earned by users. KarmaStorage acts as the main ledger that records every user action, while KarmaLogic is responsible for converting those actions into karma points.
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Each action such as burning a Shiba Inu (SHIB), adding liquidity, or buying land in the Shibverse, has a different point value. Karma utilizes Decentralized Identifiers (DIDs) to track user engagement, which gives full control over their personal data.
DIDs were introduced in 2023 and support aspects such as portability, security, and compliance, all of which are important in maintaining user data sovereignty.
The process of awarding points in the Karma system is quite unique and integrated. For example, when a user makes a SHIB exchange on ShibaSwap, an off-network service detects the transaction and sends it to KarmaLogic.
The smart contract then calculates the points earned and updates the user’s total karma points in KarmaStorage. Each action has a different point weighting, designed to encourage certain types of participation in the ecosystem.
For example, burning SHIB or adding liquidity of more than $1,500 gives users 1,500 points, while purchasing land in Shibverse gives 1,000 points.
Furthermore, the system also awards points for staking and other activities, with details governed by specialized contract logic.
The launch of the Karma system on Shibarium’s main network is highly anticipated as it is expected to boost the overall growth of the Shiba Inu ecosystem.
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By tying each action to a reward, the system encourages broader and more active user participation across different projects in the ecosystem.
In addition, the implementation of the Karma system across various aspects of Shibarium, from DeFi to NFTs and metaverse games, will open up new opportunities for users to engage and earn rewards. This marks a major step in the evolution of the Shiba Inu ecosystem, with the potential to attract more users and investors.
Overall, the newly launched Karma system by the Shiba Inu team at Shibarium promises to revolutionize the way users interact with and benefit from the crypto ecosystem.
With advanced features and incentives designed to increase engagement, the system is set to become a game changer in the blockchain industry.
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