The FreshCredit® DAO
Asset Monetization Protocol (AMP)
BlockIQ® Protocol – The Value of Big Data
As every user provides first-party data to the network, increasing the efficiency and accuracy of the overall credit scoring model, whether that data is positive or negative, that user’s BlockID® dNFT appreciates value simultaneously with the network. The user’s BlockID® dNFT is a dNFT or data-based NFT. The more data the user provides the network, the more valuable their dNFT becomes. The longer the BlockID® dNFT is active on the network, the more it matures, increasing the total tokens connected to the user’s dNFT ‘s contribution allowing the user to capitalize on their direct involvement with the network.
“An asset is a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity.”
The more we do with data, the more the marginal costs flatten, and economic value grows. If the economic value of data in terms of marginal cost and value work that way, then the liquidity pool would, in fact, work that way.
Replacing the need to pay for data with the value of the data itself by tokenizing the data using parachain technology generating tokens representing a fractionalized value in the liquidity pool. The value of the pool grows with the amount of verified data being synced with the network. The data increases the accuracy of the deep learning algorithm, which is transparently governed adjusts the globally standardized scoring protocol. Constantly providing new data to the network changes the distribution of tokens and interest rates automatically and organically. When they adjust, they communicate with the FreshCredit® DAO, algorithmically processing network transactions.
Users can earn more interest on staked tokens, including the new data they introduced to the network. Suppose users borrow assets from the network liquidity pool by staking their BlockID® dNFT. In that case, their network data interest for the data they contribute can be used to pay off the interest + principal over time, nullifying defaults and stabilizing the pool for the long term.