Cointime

Download App
iOS & Android

FlerkenS: Moving towards Web3 data democratization

Cointime Official

FlerkenS: Moving towards Web3 data democratization

FlerkenS is a blockchain-based data collection platform that allows users to voluntarily share their behavioral data and record the source and timestamp of the data. To incentivize users to share their data, the platform has designed a token-based incentive mechanism. Users can earn reward tokens by sharing data and can use these tokens on the platform or exchange them for other currencies or goods.

As a digital lifestyle application, FlerkenS aims to achieve user data autonomy, democratization, and tokenization in the Web3 environment. FlerkenS is built based on basic daily activities performed through various terminals in the network, and users can choose different digital partners to equip their NFTs and earn data tokens through network roaming, activities, and behaviors. This digital currency can be used within the application and earn profits through the built-in market.

As a blockchain technology implementation that uses decentralized methods to manage data and transactions, FlerkenS believes that data democratization, data autonomy, and data tokenization are critically important in the Web3 environment as follows:

1、Data Democratization

 Web3 technology can achieve data democratization, where everyone can own and control their own data without relying on centralized data centers or intermediaries to manage and control it. This could help eliminate the risk of data monopolies and data leaks while promoting more fair and transparent data governance.

2、Data Autonomy

In the Web3 environment, each user can own their digital identity and control their identity data and transaction data. This means that users can have complete control over their digital identities and assets without relying on centralized institutions or third-party service providers for identity authentication and data management. This would enhance user data security and privacy protection while reducing the risks of data abuse.

3、Data Tokenization

In the Web3 environment, data can be tokenized, meaning it can be converted into tradable digital assets. This could help create more value and provide more flexible trading and reward mechanisms for data users and owners. For example, data owners can sell data tokens to earn revenue, while data users can use data tokens to purchase and access data. This could promote a more fair and sustainable data economy.

4、Improved Data Exchange Efficiency

In traditional data exchange methods, data needs to be exchanged through intermediaries or third-party service providers, which increases the cost and time of exchange. In the Web3 environment, data can be divided into small data blocks and securely and quickly exchanged and shared. This could significantly improve data exchange efficiency and speed, promoting more efficient data circulation.

5、Promoting Innovation and Collaboration

Data democratization, data autonomy, and data tokenization in the Web3 environment could promote innovation and collaboration. This could provide more possibilities for various data applications and businesses, inspiring more people and organizations to participate in data sharing and innovation. This could help create a more open and innovative data ecosystem, achieving more sustainable and beneficial social development.

6、Achieving Decentralized Data Governance

Web3 technology can achieve decentralized data governance, where data autonomy and governance are implemented through smart contracts and decentralized autonomous organizations. This could help eliminate centralized data control and monopoly while providing users with a more democratic, transparent, and fair data governance mechanism.

In summary, data democratization, data autonomy, and data tokenization are critically important in the Web3 environment, helping to solve some of the problems in traditional data governance and promoting a more fair, transparent, efficient, and sustainable data economy.

FlerkenS Beast: The perfect combination of DataFi and GameFi

FlerkenS Beast is a pet-raising, socializing, and adventure game based on personal behavior data-generated attributes. The core asset, FlerkenS Beast, is a rare egg-laying animal in the metaverse. Their everyday behavior, appearance, and habits are similar to cats, but their stomachs are connected to another dimension. FlerkenS Beasts can open their mouths to swallow anything and release it into another parallel universe.

In the DataFi digital world, they can serve as human pets and help owners swallow, organize, encrypt, and store data. They can also open channels under the command of the owner to release data processed with structured and zero-knowledge proof technology in exchange for digital tokens.

Users can equip themselves with various types of data collectors using the FlerkenS Beast NFT and earn NB/NT TOKENs by providing behavioral data through client output. When users decide to open data output, they become the most critical link in the distributed data industry chain in a secure privacy computing environment, becoming the core data service node in the digital economy and creating external value for the data supply chain.

1、Game Mode Introduction

1)Practice Mode

In practice mode, users can collect data by purchasing FlerkenS-NFTs to obtain data tokens. Users need to choose a FlerkenS-NFT that has been bound to their soul and use the training FlerkenS for localized data collection with the PDP consensus mechanism. After the user selects the start mode, data collection begins and the system calculates the practice energy and the amount of NBs earned based on the user's startup time and data volume.

2)Different Dimension Modes

In different dimension modes, users need to have at least one epic-level (purple) FlerkenS-NFT bound to their soul to collect data and earn data tokens and governance tokens. FlerkenS Beasts from different dimensions can carry and activate the PoSt consensus mechanism for external data transmission. Users can not only earn data tokens in practice mode but also receive data tokens from third-party data users as compensation.

2、FlerkenS Beast NFT

1) Quality and Level

FlerkenS Beast NFT is divided into levels 1-25, with qualities of Rough (gray), Common (white), Excellent (green), Outstanding (blue), Epic (purple), Legendary (orange), and Rough (gray), Common (white), Excellent (green) for Practice FlerkenS; Outstanding (blue), Epic (purple), and Legendary (orange) for FlerkenS from different dimensions. The higher the attribute value of a FlerkenS, the more profits it can earn per minute.

2)Hatching

FlerkenS Beast is an egg-laying animal, and different users' FlerkenS may combine to produce a FlerkenS egg. After hatching, a new FlerkenS is born. New FlerkenS often have higher quality than their parents and are not bound to the soul, so users can auction them.

3)Equipment and Accessories

FlerkenS Beast with Outstanding (blue) quality or above can wear equipment and accessories to enhance their attributes.

4)Upgrade

Users can upgrade their FlerkenS Beast by burning NB to provide growth energy. The required upgrade time for each level of each quality is fixed, and the required growth energy will correspondingly increase. Upgrade time can be accelerated by feeding NB tokens.

Token Economy

FlerkenS adopts a dual-token economic model. NB (NBIT Coin) maps data assets and is produced without limit based on the amount of data collected by users. NT (NBIT Token) is the governance token of the DataFi ecosystem, with a total supply of 10 billion.

1、Data Token: NB (Nbit Data Block Coin)

NB Coin is a decentralized data asset token based on BNB and Ethereum. It aims to encourage users to share their behavioral data through smart contracts and realize the value of data.

1)Features of NB Coin are as follows:

l NB Coin is dynamically issued based on the quantity and time of user behavior data collection. It uses the formula GB*MIN=X NB, meaning that collecting X data in X minutes earns X NB Coins. X is an adjustable parameter automatically adjusted by the smart contract based on market demand and supply.

l The supply of NB Coin is unlimited, with no pre-mining or team allocation, completely determined by user behavior data collection. This ensures the fairness and transparency of NB Coin and prevents centralized organizations or individuals from manipulating the market.

l NB Coin can freely circulate and trade on BNB and Ethereum, and can also be used to purchase or sell user behavioral data. Users can realize the value of their own data through NB Coin and improve their products or services by obtaining other users' data through NB Coin.

l NB Coin can also be used for governance and upgrading of smart contracts, where users can vote to express their opinions and suggestions on contract rules and parameters. This ensures that NB Coin continues to develop and innovate to meet changing market demands.

NB Coin is an innovative data asset token that incentivizes and values user behavior data collection through blockchain technology, providing a secure, efficient, fair, and transparent data trading platform for users. NB Coin is expected to become an important driving force and participant in the future data economy.

2)Token Use Cases

l FlerkenS feeding consumption

l FlerkenS equipment consumption

l FlerkenS upgrade consumption

l FlerkenS hatching consumption

l Excellent quality or above FlerkenS equipment consumption

l Excellent quality or above FlerkenS hatching consumption

l Digital service consumption

2、Governance Token: NT (Nbit Network Token)

1) Token Supply and Allocation

The total supply of NT tokens is 10 billion, allocated as follows:

l 28.3% (2.83 billion) for rewarding data collection miners, dynamically allocated based on the collected data quantity and time using the formula GB*MIN=X NT.

l 15.6% (1.56 billion) for private equity funds to support platform early development and operation.

l 16.8% (1.68 billion) for development team rewards for platform technology development and maintenance.

l 2.3% (0.23 billion) for advisor team rewards for strategic advisors and partners.

l 30% (3 billion) for the platform ecosystem to support various activities and projects such as community building, marketing, education and incubation.

l 7% (0.7 billion) for exchange sales to increase the liquidity and market awareness of NT tokens.

2)Token Use Cases

l NT consumption for FlerkenS-NFT upgrade

l NT consumption for Excellent quality or above FlerkenS-NFT equipment

l NT consumption for Excellent quality or above FlerkenS-NFT hatching

l NT consumption for digital service consumption

3)NFT

FlerkenS-NFT is an NFT based on user behavior data collection tools that allows users to develop and use various types of data collectors on BNB and Ethereum to earn project TOKEN rewards. The features of FlerkenS-NFT are:

l FlerkenS-NFT is a wearable digital asset. Users can choose different FlerkenS-NFTs according to their own needs and preferences. Each FlerkenS-NFT has its own attribute values and functions, such as speed, capacity, stability, privacy, etc.

l FlerkenS-NFT is divided into levels 1-25. The higher the level, the higher the attribute values of FlerkenS-NFT, and the more TOKEN income it can earn per minute. Users can obtain higher level FlerkenS-NFTs through purchasing, trading, upgrading, etc.

l FlerkenS-NFT quality is divided into Rough (gray), Common (white), Excellent (green), Outstanding (blue), Epic (purple), Legendary (orange), with Rough (gray), Common (white), and Excellent (green) being practical FlerkenS-NFTs used mainly for collecting regular user behavior data; Outstanding (blue), Epic (purple), and Legendary (orange) belong to different dimensions of FlerkenS-NFT used for collecting special user behavior data such as emotions, dreams, consciousness, etc.

l FlerkenS-NFT is a decentralized digital asset miner that does not require any intermediary or platform. Users only need to install the FlerkenS client on the BNB chain to use FlerkenS-NFT for data collection and TOKEN mining. Users can view their FlerkenS-NFT status, income, transaction records, etc., and freely sell, transfer, or give away their FlerkenS-NFTs.

FlerkenS-NFT is an innovative NFT based on user behavior data collection tools, providing users with a new way of digital asset mining and possibilities for the value and application of user behavior data.

Community governance and ecosystem funds

The ecosystem fund is owned and managed by the DAO community, with assets not exceeding 30% of the entire NBIT network value. The DAO community has the right to vote on the allocation, liabilities, liquidity, and income of the ecosystem fund, and continuously monitor fluctuations, prices, and other market conditions of data assets on the network. When the ecosystem fund exceeds 30%, the DAO community has the right to vote on the amount and time of destruction.

In addition, all network assets should benefit from curation goals and processes, and the DAO community also has the right to vote on this. All user consumption in the application will be deducted from the digital account, while NT has team benefits within 16.8%. The total amount of the ecosystem fund is within 30% of NT, and 0.1% is released each month for the construction of the NBIT global ecosystem.

Finally, by locking and staking NT, users will gain higher voting power and play a greater role in governance and voting. In this way, governance and ecosystem funds achieve effective management and supervision in the NBIT network, providing a solid foundation for its sustainable development and further growth.

Conclusion

Today, we are about to enter the AI-driven digital era. After the productivity operation of data elements, we will enjoy more digitized services that cannot be provided in the information age. FlerkenS starts our digital journey from the source of data.

We can view user behavior data as a fractal model, where a user's behavior is composed of a series of simple or complex decisions, each influenced by previous and subsequent decisions. This means that we can collect and analyze user behavior data to find hidden patterns and translate them into visual and actionable information.

FlerkenS is trying to use this information to design a product model based on the butterfly effect. By guiding users to make small but meaningful changes at key points, it can influence the development direction and results of their future behavior. It can analyze a user's goals, motivations, preferences, emotions, and other factors based on their behavior data and provide optimal behavioral suggestions, thereby providing users with a more efficient and lower-cost way of exchanging data.

Comments

All Comments

Recommended for you

  • Citi: Global Stock Market Bubble Reaches Highest Level Since 2008, Yet Not Overheated

    On June 5, Citi's bear market warning indicator revealed that the current level of bubble formation in the global stock market has reached a peak not seen since the 2008 global financial crisis, but overall, it has not yet entered an overheating state. The research team led by Beata Manthe stated that despite global stock indices approaching historical highs, the bank's bear market checklist indicator (BMC) has not signaled excessive market enthusiasm. Citi maintains a bullish outlook on the stock market for the year but remains vigilant about rising risks. Strategists noted that historical patterns show that when the indicator triggers warning thresholds above double digits, subsequent movements often accelerate upward.

  • U.S. Adjusted Non-Farm Payrolls in May at 172,000, Expected 85,000

    On June 5, the U.S. reported that the adjusted non-farm payrolls for May stood at 172,000, exceeding the expectation of 85,000. The previous value was revised from 115,000 to 179,000.

  • US Treasury Yields Surge After Non-Farm Payroll Data Release

    On June 5, following the release of the US non-farm payroll data, US Treasury yields surged sharply, with the 10-year Treasury yield rising over 4 basis points to currently stand at 4.520%. Spot gold experienced a brief decline, currently priced at $4,447.73 per ounce.

  • Fed's Rate Hike Probability for December Rises to 63%

    On June 5, U.S. interest rate futures indicated that the probability of the Federal Reserve raising rates in December increased from 48% to 63%.

  • Iran Denies Agreement to Transfer Enriched Uranium to Third Country

    According to a report by Iran's Fars News Agency on the 5th, a source close to the Iranian negotiation team stated that reports from Saudi Arabian media claiming that Iran has agreed to transfer part of its enriched uranium reserves to a third country are false. The source mentioned that current negotiations between Iran and the U.S. do not involve nuclear-related issues, which have been postponed for discussion in future dialogues. (Xinhua News Agency)

  • Canada Unveils Artificial Intelligence Strategy

    On June 5, the Canadian government officially announced a new national artificial intelligence strategy called 'AI for All' on June 4. This strategy plans to invest billions of Canadian dollars in public funding, aiming to address the capital gap faced by high-growth domestic AI companies through key initiatives such as establishing a technology growth fund, expanding sovereign computing infrastructure, and strengthening legal regulations. The government will assist local enterprises in attracting commercial capital, retaining core talent and intellectual property, and enhancing global competitiveness by providing flexible capital and investment support, and even taking equity investment forms when necessary.

  • BTC Falls Below $62,000

    Market data shows that BTC has fallen below $62,000, currently priced at $61,994.01, with a 24-hour decline of 0.83%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BlackRock ETF Deposits 1,978 BTC and 14,244 ETH to Coinbase

    On June 5, according to monitoring by Arkham, the BlackRock ETF deposited 1,978 BTC and 14,244 ETH to Coinbase.

  • Morgan Stanley: SpaceX's Revenue to Reach $3.4 Trillion by 2040

    On June 5, according to The Wall Street Journal: Morgan Stanley predicts that by 2040, SpaceX's revenue will reach $3.4 trillion. The company's adjusted EBITDA is expected to exceed $2.7 trillion by 2040.

  • SpaceX Website Reportedly Blocks Access for Users in Mainland China and Hong Kong

    On June 5, SpaceX, the largest IPO in history, is actively conducting its roadshow, but users in mainland China and Hong Kong are unable to access its official website and marketing documents, while users in most major Asian markets can browse normally. Tests show that whether in mainland China or Hong Kong, attempts to access the SpaceX website or read the prospectus result in an 'Error 1009' message, although users in Macau can browse as usual. According to cybersecurity provider Cloudflare, the most common reason for the 'Error 1009' is that the website owner (i.e., SpaceX) has actively set regional restrictions (Geoblocking) to block IP addresses from specific countries or regions. Tech industry insiders indicate that such blocking is usually a 'business or policy decision made by the company.' It is rare for large multinational corporations to impose a complete site blockade on Hong Kong. As a super unicorn integrating rocket launches, Starlink satellite networks, and artificial intelligence (AI) technology, SpaceX's IPO has become the focus of the global financial market: - Fundraising target: $75 billion, which will set the record for the largest IPO in history and become the first IPO in U.S. securities history to debut with a valuation exceeding $10,000 per share; - Company valuation: Post-IPO valuation is expected to reach $17.5 trillion, making it one of the top 10 largest publicly traded companies in the U.S. stock market.