Introduction to XP System — Explained
The introduction of the XP system is the first stage to the Proof of Mastery protocol. If you have not read about the Proof of Mastery, you can read more about it here (Proof of Mastery).
The XP system was born out of a desire for increased platform usage and utility. XP points not only bring depth to the user experience but also bring together tokenization (with the Tap Coin) and the benefits of cryptocurrency. With XP points users will be rewarded for their platform usage and interacting with the Tap Coin. Currently, most tokens see their volume and use from exchanges. The XP system looks to change this mindset and reward users for bringing utility to Blockchain platforms. With the recent update and introduction of the XP system, we thought it would be important to list some basic details on the system itself.
Lets begin by jotting down what is the XP System:
- The XP system is a rewards system that provides additional incentive for platform usage.
- Users can level up by continuously using the platform.
- Users receive badges for leveling up. These badges show user prestige and ultimately, when a user reaches max level (lvl 100), they earn Proof of Mastery.
- Completing tasks on the platform provide XP points. The difficulty of each task serves as a mark for how much XP points a user recieves.
- The XP System is not a new cryptocurrency — The XP system is not a cryptocurrency, token or coin. It operates on the Tap platform as a way to reward players for their use.
How does the XP system work? ( real example )
Let’s provide an example of how the XP system works in a real life example on the platform.
User A logs onto the platform and is currently level 1 with 0/100 XP. After logging in they add a game to their Vault, they are rewarded 50 XP points. Once their game is added they download it from the playstore and begin playing. Once they have earned enough points they decide to transfer their in-game points to the platform. They convert their points and receive 20 XP. They realize they have some extra points from another game and import them into the game they’re currently playing, receiving 50 XP. With 120XP gained, the user levels up, bringing their level to 2!
As illustrated above, simply completing tasks, and interacting with the platform raises the users level and gets them that much closer to Proof of Mastery — Not to mention bonus XP given out for simply logging onto the platform daily. Furthermore, leveling up exposes the user to new content and non-fungible items and rewards.
The first iteration of the XP system is currently live and we encourage users to go over and check it out and let us know your thoughts!
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