Crypto

DeFAI project DexCheck launches REPS & Proof of Support protocol


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DeFAI project DexCheck launches REPS and the Proof of Support protocol for effective community development.

Web3 marketing teams are constantly exploring strategies to boost social activity and grow a thriving community around their projects. Ideas such as Stake-to-earn, random giveaways, and task-based reward programs have been introduced in recent years. Each of these attempts to incentivize communities as a way of building loyalty and long-term community support. While these ideas yield significant results, each has its caveats.

Highlighting the bottlenecks of existing community-building strategies, DeFAI and InfoFi project DexCheck announced the launch of its novel community-building and incentivization infrastructure, REPS. With REPS, DexCheck introduces the Support-to-Earn narrative and aims to improve the effectiveness of community-development strategies through a measurable and progressive incentivization infrastructure.

REPS is an InfoFi protocol that tracks conversations on social media platforms, collates insightful data, and enables crypto projects and investors to gauge the social presence of their projects in real-time and promote positive conversations through a weighted, transparent, and fair reward system. REPS serves KOLs and regular community members who devote time and resources to promoting their favorite projects through viral conversations.

REPS is powered by the Proof of Support (POS) protocol. POS is a set of advanced algorithms powered by a central AI model that validates posts and their content. The protocol determines the weight score of posts by analyzing their content and engagement and drawing inferences. POS is a self-learning system and optimizes where needed to maintain a fair scoring system.

REPS presents a transparent and inclusive reward system for X users and encourages more users to start engaging in conversations and participating in ongoing discussions. The platform is open to Web3 projects looking to launch and manage their campaigns.

DexCheck continues its action-packed year. The DeFAI project has also teased DEXPLORE, its AI-powered on-chain explorer with off-chain intelligence. According to sneak peeks and information shared so far, Dexplore is an advanced blockchain explorer that enables anyone to get information from blockchain networks using simple queries.

Dexplore is not trained on on-chain data alone; it has access to off-chain data and is equipped with deep search features.

About DexCheck

DexCheck is an ecosystem of advanced DeFAI, InfoFi, and data analytics tools built on a central data engine and powered by a high-performance AI model. We develop software applications that improve the success rate of crypto investors through data-driven and actionable insights. The DexCheck Ecosystem is powered by the DexCheck token, ensuring a thriving economy and tokenized ownership through community involvement. DexCheck is viable for small, medium, and large-scale applications.

Visit the DexCheck platform

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