HeartX: A new Web3 platform for NFT experience
HeartX is a Web3 platform thoughtfully designed for artists and art collectors alike. With HeartX, creators can proudly showcase their artwork while earning fair compensation for their creative talents.
On this page
The HeartX team is not content with merely expanding its market presence; rather, their goal is to cultivate a dynamic community enthusiastic about creating, exploring, and collecting art. Presently, the website operates within certain limitations, and artists are admitted by the HeartX team alone. Nevertheless, in the future, the community will have sole authority over this matter.
We believe that the value of arts can be redefined by community consensus. We also believe that ‘art’ shouldn’t be that out of reach, which is why we are bringing people the HeartX platform
, – © the founder of HeartX said.
HeartX voting mechanism
Users will be empowered to evaluate every work presented in the collection, expressing their appreciation for the artists. There will be two voting modes available: a Tinder-style analogy, or a validator mode where one must choose the best image out of a pair. The whole mechanism is based on a decentralized consensus mechanism that rewards enthusiasts with HNX tokens as an incentive to cast their votes, whether the feedback is positive or negative.
Apart from the outcomes, the reward also relies on two additional factors:
1. Credit ratings
The system includes anonymous user evaluations to detect fraudulent behavior. Tokens cannot be earned if the rating drops below the norm. Points may be deducted for frequent logins from the same IP, rapid buying and selling of NFTs, or mass one-sided voting. The rating will increase automatically with regular application use.
2. HeartX energy
Earned by completing simple tasks, such as linking an email, Twitter account, staking governance tokens, etc., only once. The higher the score, the greater the reward.
HeartX tokens
The platform operates with two tokens: HNX (utility token, already released) and HTX (governance token, launching soon).
Despite the unlimited supply of HNX tokens, pricing volatility is prevented by using a reward pool based on community voting results. In addition to earning tokens through the Vote2Earn system, users will be able to participate in their burning process through:
1. Boost2Earn: a feature that allows users to increase the rating of their favorite artwork, promote it on the HeartX leaderboard, and earn HTX tokens.
2. Personalized NFT display: Provides basic NFT items.
The HTX governance token allows direct participation in HeartX development and can influence platform growth, such as artist admission or treasury fund distribution. 45% of the tokens will be allocated to the community, and the more HTX staked, the stronger the voting power will be.
While the ability to trade NFTs for HTX tokens will be introduced later, for now, the HeartX team is urging artists to submit their work for inclusion in the collection and for art enthusiasts to join in on all upcoming activities. As the saying goes, patience is a virtue, and the potential rewards of trading NFTs for HTX tokens will be worth the wait.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
