Ethos Status – Powered by the Ethos Token

Now that we've released our flagship app – Ethos Universal Wallet – and have successfully performed over 1-million transactions to date, we're ready to integrate one of our initial layers of token utility into Ethos Universal Wallet, called Ethos Status.

What is Ethos Status?

Essentially, Universal Wallet users will be assigned a status and badge based on the amount of Ethos tokens that they currently hold inside the Universal Wallet. Your badge and status will be interactive and responsive to the number of tokens you hold in your SmartWallet, and will change as you add or subtract Ethos tokens.

The level of your Ethos status will correlate to enhanced features in the wallet, which we explain below. And in the future, Ethos Status will expand to include discounted rates on exchange and fiat gateway functionalities, etc.

We built Ethos Status through an enhancement to Bedrock xAlert, in which we are now able to associate the amount of ETHOS a user is holding with their account and in-turn implement a tiered system of benefits.

Today, we announce our first round of benefits, although they will expand as Ethos and the Universal Wallet functionalities grow.

Ethos Status Tiers

In this first implementation of token utility, we encourage users to stake their ETHOS in the Universal Wallet. The amount of ETHOS you have staked in the wallet, will determine your status from Shrimp to Humpback Whale! With each level you get a badge that’s displayed on your profile.

Disclaimer: Ethos Status Levels and Badges may change in the future – as we learn more about how to enhance and refine this feature for our community.

While the Ethos Badge will be a default feature, we understand some users may want the benefits that come with their Ethos Status tier, but not want others in the community to have insights into their holdings, so we’ve made displaying your status a feature that is optional and can be simply turned off in your user profile settings.

Ethos Status Perks

We have built a new feature for all users, the ability to leave and rank a written review. At each ascending level of Ethos Status, we increase the the power of your coin ratings, so that your vote matters and your voice stands out in the community.

Increased Voting Power

Your Ethos Status impacts the weight of your Thumbs Up or Thumbs Down on reviews written by fellow crypto enthusiasts. Each review can be up or down voted by community members in the Ethos ecosystem, and reviews can be sorted by helpfulness.

Below is the chart which outlines the levels of thumbs up power we have for our various Ethos Status levels.

Showcased Comments

The higher your Ethos Status, the greater the likelihood that your comment on a Token will be featured in the showcase, and put towards the top to inform others on your insights on a given coin.

These showcased comments will then have the opportunity to be voted on by the community with a thumbs up or thumbs down, based on how helpful your comment is. Of course these votes will be powered by their Ethos Status, as outlined above.

By having a greater influence on the platform through being a Ethos Token Holder, you have the opportunity to support guiding the community with your crypto insights and opinions, which are then self-regulated by other members in the community with their own voting power.

Build Influence on the Ethos Platform

As you leave helpful reviews on various coin profiles, you have the opportunity to get upvoted, which can lead to our Ethos users clicking on your coin profiles, and following you on social.

Status Tip: Before Ethos Status launches, make sure you update your user profile with your social media info!

See a review you like? Check out the users profile and follow them on other platforms. Learn from the community, join the discussion, and grow your crypto network!

Important: All users have the opportunity to not disclose their social information and can remain anonymous at all times.

The ETHOS Token Utility Future is Bright

This is just the beginning of ETHOS token utility. We will be testing these features and enhancing them as we continue to grow, to explore enriching the users experience of the Universal Wallet.

We are so excited to share what’s in store. Stay tuned, get engaged and wear your Ethos Status with pride!