Key Takeaways:

• They see that other renowned projects have started to notice the potential of what they have built so far;
• More than that, they have obtained an initial grant from NEAR Foundation;
• The decentralized version of the reputation system will be upgraded and built on top of the NEAR Protocol’s infrastructure;
• The NEAR community will be able to enjoy a decentralized dual-function identity system: a registration/login mechanism for the platform and a tool for tracking user reputation scores in a decentralized manner;
• They will build a decentralized reputation tracking system, able to keep track of any user’s reputation history, for all current and future platforms that integrate it.

The revolution of the crypto era through the first layer of trust

In a world full of speculation, trustworthy opinions are in high demand, yet hard to be verified based on objective past performance assessments for crypto influencers. That’s why they want to pave the way for investors by providing a reliable crypto research tool while eliminating FOMO.

Trust & Performance algorithm help:

• Content creators build a reputation in the crypto industry based on the accuracy of their market analyses. All while helping traders & content creators monetize their crypto knowledge;
• Traders to find peer influencers with a proved reputation stored immutably on the Blockchain;
• Projects to grow their trust within their communities, having the possibility to promote their brand with the help of affirmed content creators.

Coreto Collaborates with NEAR — The same vision on the importance of Trust

Coreto relates to NEAR’s mission of making the crypto experience as easy and smooth as possible for its users, working towards mass adoption. The crypto community, especially newcomers, will be able to explore crypto ecosystems with confidence, identifying real crypto investment opportunities.

About Coreto

Coreto.io is a reputation-based crypto research platform; the first platform that is developing and testing the Decentralized Reputation System, with the goal to become the benchmark of trust and performance for the crypto industry ( for projects, exchanges, marketing agencies, traders, influencers, and retail investors).

Website | Twitter

About Near

NEAR is the network for a world reimagining. Through simple, secure, and scalable technology, millions are empowering to invent and explore new experiences. Business, creativity, and community are reimagining for a more sustainable and inclusive future.

Website | Twitter

SOURCE:

https://medium.com/nearprotocol/coreto-and-near-protocol-reshape-crypto-ecosystems-fc99c6f895f5

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