Reputation System & Social Integrations
Last updated
Last updated
One of the biggest user pain points on token marketplaces is that sophisticated bad actors snipe token supply from many new, exchange-funded wallets and then dump it on users. Since these addresses are fresh and untraceable, Bubblemaps and other safety features can’t help detect this. This creates a dangerous marketplace where many users lose money. We believe the best way to make it safer for users is to implement a reputation system and link wallets to social profiles like X and Farcaster. Users will be given the option to link their X and Farcaster profiles when they use the Printr platform. The hypothesis is creators will be less likely to snipe and dump tokens when their public profile is associated with their creator profile. In addition, creators will be given a star between 1-3 based on their previous track record. If they previously have launched a token that reached certain market cap and volume thresholds, they will be given stars. The logic here is we want to reward creators who have a history of creating tokens that lived long and obtained traction. This will concentrate user attention and liquidity on these higher quality and safer creators.
Printr will enable creators to launch tokens directly from X, Farcaster, and Telegram by entering key inputs (ticker description, image/video, social links) in a specific format. Traders can buy and sell within X, Farcaster, and Telegram via web extensions and bots.
Social integrations on Printr’s UI will allow users to communicate, coordinate, and increase engagement. These integrations will complement existing social features such as user profiles, reputation scores, and comment sections.