Add ERC: Social SBT #865
Add ERC: Social SBT #865
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The commit 0627bda (as a parent of b23132a) contains errors. |
| created: 2024-01-25 | ||
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| ## Abstract |
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I reviewed the abstract, and it does a great job of introducing SocialSBT and its goals. However, to better align with the purpose of an abstract, I think it could more clearly summarize how the proposal works. Right now, it focuses on the features and intended outcomes but doesn't fully explain the mechanism behind the social point system and its integration with ERC-721.
Clarify the Mechanism – How does the social point system integrate with ERC-721? How are social points assigned and adjusted? What actions contribute to governance power?
A clear flow of how SocialSBT mitigates whale attacks in practice.
ERCS/erc-7869.md
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| ## Motivation | ||
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| Traditional DAO's economic token based governance models are prone to manipulation by entities with significant financial resources, undermining the collective interests of the community. SocialSBT shifts governance influence to social contributions rather than token holdings, mitigating whale attacks and fostering fair participation. |
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| Traditional DAO's economic token based governance models are prone to manipulation by entities with significant financial resources, undermining the collective interests of the community. SocialSBT shifts governance influence to social contributions rather than token holdings, mitigating whale attacks and fostering fair participation. | |
| Traditional DAO's economic token-based governance models are prone to manipulation by entities with significant financial resources, undermining the collective interests of the community. SocialSBT shifts governance influence to social contributions rather than token holdings, mitigating whale attacks and fostering fair participation. |
ERCS/erc-7869.md
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| Traditional DAO's economic token based governance models are prone to manipulation by entities with significant financial resources, undermining the collective interests of the community. SocialSBT shifts governance influence to social contributions rather than token holdings, mitigating whale attacks and fostering fair participation. | ||
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| The system rewards positive contributions and penalizes harmful behaviors. A economic token based voting mechanism ensures equitable participation during social point adjustments, promoting fairness and encouraging active engagement in DAO governance. |
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| The system rewards positive contributions and penalizes harmful behaviors. A economic token based voting mechanism ensures equitable participation during social point adjustments, promoting fairness and encouraging active engagement in DAO governance. | |
| The system rewards positive contributions and penalizes harmful behaviors. An economic token based voting mechanism ensures equitable participation during social point adjustments, promoting fairness and encouraging active engagement in DAO governance. |
ERCS/erc-7869.md
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| ## Abstract | ||
| SocialSBT is a non-transferable ERC-721-based token standard that integrates a dynamic social point system for DAO governance. It aims to mitigate whale attacks and promote equitable, community-driven decision-making. | ||
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| SocialSBT introduces a soulbound token standard built on ERC-721 that incorporates a social point system for DAO governance. Tokens are non-transferable, and governance power is tied to contributions rather than token holdings. Members can vote on adjustments to social points based on behavior and contributions, ensuring fair and community-aligned decision-making. |
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The first mention of "ERC-7869" in ERCS/erc-7869.md is not a hyperlink, which triggers the following validation error:
To fix this, please update the first occurrence of "ERC-7869" to be a hyperlink. You can refer to the guidelines here: Markdown Link First.
Errors have been fixed, Social SBT's point usage area has been explained more clearly, and a flow on how to prevent baline attacks has been created.
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@bomanaps Thank you so much for your feedback. As you said, I showed in practice how SocialSBT prevents whale attacks, and I also have detailed the functions of ERC721 that should not be used and should be overridden |
ERC721 hyperlink updated
SocialSBT is a non-transferable ERC-721-based token standard that integrates a dynamic social point system for DAO governance. It aims to mitigate whale attacks and promote equitable, community-driven decision-making.