DAO

Ideally, with the Soulbound mechanism, Rh!noX will be representing a group of communities that are willing to push current Web3.0 into the next phase.

Each of Rh!noX NFTs bear individual identities that boast their own accessories, facial features, and backgrounds, making them truly unique and highly distinguishable from one another, not to mention the ‘horny’ element does spice things up a little.

Beyond that, we will implement DAO and set up a comprehensive Web3.0 community. In reality, most of our day-to-day interactions and operations are built upon an underlying credit system. Think about how a loan will be approved without considering a person's credibility. On a microscopic level, an action as simple as borrowing a pen from your peers would be difficult in the absence of credibility.

Due to the anonymity that comes with blockchain technology, everyone is a stranger to each other. Interactions can only be established upon smart contracts with limited flexibility, which is insufficient to encourage the development of financial channels.

By building a credible Web3.0 community with DAO, any Rh!noX holders or partners are allowed to create an agreement based on community protocol and execute it accordingly. Example scenarios:

Scenario A: User A borrows NFTs or Tokens from User B and agrees to return on the proposed date with specific incentives.

Scenario B: User A can request assistance from User B to complete a P2E in-game mission and agrees to share a certain profit percentage with User B.

When a breach of contract occurs by the defaulting party, the other party is allowed to refer the case to the community, and every Rh!noX holder will have the right to participate in deciding the final verdict. In addition, the credit scores of the defaulting party will be deducted as a punishment and recorded by Soulbound Token for future reference.

Under this mechanism, we are able to build a digital space armed with high flexibility and efficiency, allowing the existence of different financial channels. The bottom line is that an individual with good on-chain history, behavior, and credit has a privileged position of trust, more help will be given, and others are more likely to collaborate because of the credibility. On the other hand, everyone with a healthy rating will treasure their credit record, leading to a trustable social environment.

There is no inter-restraint between a well-designed art piece and Soulbound mechanism. On the contrary, Soulbound enables the functionality and practicality of NFT. Every Rh!noX holder stands for a ‘horny’ spirit and the courage to charge forward.