Orexn and Snowball Money Partner to Bring On-Chain Identity and Reputation to Web3 Launchpads

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Orexn and Snowball Money have officially revealed that they have formed a partnership strategy to enhance trust, identity, and transparency in the Web3 launch ecosystem. The partnership combines the decentralized launchpool and airdrop platform of Orexn with the Modular Naming Service (MNS) and on-chain reputation platform of Snowball Money. The two projects will entrust a more secure and verifiable environment of early-stage Web3 participation by integrating these technologies.

The collaboration indicates an increasing industry concern on resolving the decades-old issues of identity, sybil resistance, and credibility within decentralized ecosystems. As Web3 usage grows, both teams perceive verifiable identity and reputation as lower layers to the growth of sustainability.

Combining Launch Infrastructure With On-Chain Identity

Orexn has currently established itself as a launch space of early-stage Web3 projects, providing services like launchpools, airdrops, and community onboarding of new protocols. This collaboration will ensure that Orexn implements the Modular Naming Service of Snowball Money directly into its platform, so that users can work under a single cross-chain identity.

The MNS offered by Snowball Money offers a chain-agnostic naming system which allows decentralized identities to operate across multiple blockchains. It means users will be able to use launchpools, and receive rewards as well as engage in campaigns with the same recognizable identity instead of fragmented addresses in wallets.

The integration will also be user-friendly and create an added level of accountability to both the participants and not to mention the project teams.

Strengthening Trust Through On-Chain Reputation

One of the pillars of the collaboration is the establishment of a On-Chain Reputation Score created by Snowball Money as a part of the ecosystem of Orexn. This reputation layer considers the activity and activity record of users to aid in sorting legitimate contributors and customers versus malicious or robotised actors.

Through reputation data, Orexn will minimize sybil attacks, enhance the quality of interaction at launches and have more equitable results in rewards allocation. Members of the community that express feedback of active and genuine engagement may be identified and rewarded in line with it, which further strengthens good conduct throughout the platform.

In the case of project teams that are starting with Orexn, they can also access a more valid and active user base; minimizing the risks of bots and low-quality participation.

Cross-Chain Identity for a Growing User Base

The announcement states that all OXN contributors, project initiators, and members of the community will be given a cross-chain identity under the Snowball Naming Service Modular. This identity layer will facilitate smooth communication between blockchains without using multiple identities or credentials.

The partnership will serve a fast growing userbase with over 200,000 users predicted to enjoy the conglomerate ecosystem. With the increased usage of cross-chain activity, both groups are convinced that the presence of a single identity standard will be deeply important to accommodate the next generation of Web3 users.

Building a Trusted Web3 Launch Ecosystem

The Orexn x Snowball Money initiative is a more general adoption of trust-based infrastructure of decentralized markets. The alliance is an indication of the shared vision of the Web3 in which identity, reputation, and opportunity overlap into one, user-centric experience.

The two projects intend to establish an environment in which early-stage innovation can flourish without undermining the issues of security or equity by aligning launch infrastructure with identity and reputation tools. This practice may become a precedent in the future launch platforms that aim at balancing between decentralization and accountability.

Source: https://blockchainreporter.net/orexn-and-snowball-money-partner-to-bring-on-chain-identity-and-reputation-to-web3-launchpads/