Starfish OS aims to create a starfish-style organizational consensus and collaboration platform, bringing together users, communities, media, institutions and other stakeholders to promote the development of Web3.0. At the same time, the decentralized Starfish Dao governance platform tool based on smart contract is for use by major Dao communities.This article will analyze the Starfish OS platform through some of the phenomena of the current encryption economy and give reasonable comments.
The gameplay of Web3.0 world is changing with each passing day. GameFi, NFT, DAO and other new tracks are constantly breeding new projects, but But there are only a handful of successful projects, and many projects are reduced to the hunting ground of speculators. Regardless of the feasibility of specific encryption projects landing, there are a series of problems in the economic model design stage:
1. Single agents for the economic model
Economic models often only define the governance rights and interests of ordinary users, while third-party media, communities and institutions fail to be included in the decentralized economic governance system, only providing purchase services. For third-party media, community KOLs and institutions, there is no opportunity to share in the long-term value growth benefits of encryption projects. For encryption projects, the lack of internal support from third-party resources leads to limited ecological development. Every successful encryption project is inseparable from the support of the community, media and institutions.
2. Single mode for users to make money
Hustling and bustling, all for benefits. There’s nothing wrong with that. But many encryption projects make money in a single mode, only through the rich effect and secondary market price imagination to attract users, and eventually become the gathering place of speculators. Driving users to contribute spontaneously is the basis for the value precipitation and long-term development of encryption projects. It cannot provide users with rich ways to make money. Without value creation, all good imagination will only be castles in the air.
3. Failure to achieve value closed-loop
Value closed loop is the basis for sustainable development of ecology. The development of many encryption projects either relies on external resources or relies on forced consensus. In the end, once the market changes, the consensus in the early stage will be scattered like birds and animals, ending up in a field of chicken feathers. The fundamental reason lies in the failure to form a closed loop of value. The issuance speed of tokens far exceeds the speed of value appreciation, resulting in the devaluation of tokens. The real value creators fail to get corresponding incentives, and the market pattern of speculators driving out believers is formed.
Starfish OS aims to build a model of the encryption economy with healthy interaction and long-term growth. It tries to solve the current dilemma of the encryption economy, so that different participants in the encryption economy can contribute and gain through Starfish OS.
1. Use NFT to link different subjects
Participant value represents sustainability and can only be aggregated by providing tangible benefits.
Starfish OS has designed four categories of NFT, general NFT, KOL NFT, Media NFT, and institutional NFT, to take advantage of the expertise or resources of all participants, based on the characteristics of the participants. Different classes of NFT have different exclusive rights:
User NFT has the rights and interests of participating in GameFi and receiving tasks.
KOL NFT strengthens KOL leadership by providing community management interests;
Media NFT can provide accurate information services for users or organizations;
Institutional NFT can customize tasks and deliver benefits.
The different NFT holders of Starfish OS share a common interest despite their different roles. Starfish OS is developing a data sharing protocol interface based on Web3.0 technology to enable data communication between the platform and industry’s top media and institutions, allowing different NFT holders to seamlessly connect to KOL, media, and institutional resources. Work together to increase the overall value of Starfish OS.
Starfish OS provides a new engagement position for different players in the encryption economy, giving KOL an option to increase influence and value in the community. It provides media with the path of brand building and content realization. Institutions are provided with a credible mission implementation plan. With a lot of help, Starfish OS has the potential to become the top Web3.0 traffic aggregation platform.
2. Rich user profit model
Gold mining is the original driving force of the encryption world, and the wealth effect is a huge boost to the development of the encryption economy. The wealth effect of many encryption projects shows a parabolic development trend. The fundamental reason lies in the user’s single profit model, which can only make money through the secondary market. The participants in such projects are just speculators. The monetization model is not simply about attracting users, but about attracting precision, high-value users. Continuous improvement of user quality is the basis to realize the overall value-added of the project. Therefore, the profit model provides users with a multi-way profit model, so that each user can give full play to their own value.
Let’s take a look at the Starfish OS’s profit model:
Users can achieve P2E (Play to Earn) by feeding starfish with GameFi.
Users can achieve M2E (Mission to Earn) by doing tasks based on personal expertise;
Users can achieve S2E (Share to Earn) by sharing fission promotion;
The expansion of starfish PVP module and other sub-ecosystems will further enhance the value of NFT, user NFT support transfer and transaction;
Holders of NFT will receive the right of return, dividend and airdrop of Starfish DAO Fund investment incubation;
NFT provides access to timely and accurate market information, whitelist privileges and airdrop benefits for potential encryption projects.
The Starfish OS profit model provides a clear contribution path and revenue model for users, and long-term followers and believers of Starfish OS have the opportunity to benefit the most. The Starfish OS GameFi design lays a solid value base for ecological development. The realization of revenue requires effort and time, which reduces the speculative sentiment of the market and enables Starfish OS supporters and supporters to become the mainstream of the market.
3. Value closed-loop system
The core of the value closed-loop is the relative balance between the output and demand of tokens. Excessive issuance of tokens or insufficient demand will cause excess liquidity, and the collapse of market price will affect the confidence of users. In real economy, consumption is the fundamental driving force of economic growth; while in the encryption world, demand is the driver of continued value growth. How is Starfish’s OS value closed loop built?
Starfish OS’s platform token is SFO, with a total of 1 billion coins. SFO outputs through NFT and the output rate gradually decreases; The higher the NFT grade, the higher the output rate. SFO have various scenarios:
In the upgrading process of starfish NFT cultivation, SFO is consumed for starfish NFT feeding and traveling.
Media need to consume SFO for accurate information delivery;
Institutions need to consume SFO for customized tasks, release tasks and welfare distribution.
Users need to consume SFO to purchase Starfish NFT in the future;
KOL consumes SFO to upgrade the farm;
The expansion of sub-ecology requires SFO consumption;
The use of tools such as data interface sharing requires pledging and consuming SFO.
The value closed loop system of SFO is constructed by rich application scenarios and periodic destruction of deflation model. Value closed loop is the basis for reducing market risks. With more and more aggregated media, institutions and KOLs, new gameplay and sub-ecology will also have ground and strong resource support, consensus will continue to expand, and ecological value is expected to realize geometric fission growth.
Starfish represents the vision of decentralized organization development. Starfish OS provides users, KOLs, media, and institutions with a new way to organize resources and a new path to add value through the establishment of Starfish consensus collaboration organization.
The development potential of the encryption project lies in its resource aggregation ability, and the wealth password of the encryption market lies in the vision of the project that discovers the potential due to the situation. Starfish OS has a clear path in resource aggregation, profit model, value added and other aspects, which deserves continuous attention!