RabbitHole Overview
- What is RabbitHole?
RabbitHole is a platform that rewards users for engaging with different blockchain applications. It allows participants to earn cryptocurrency by completing various on-chain tasks, known as quests. These quests involve transacting within the crypto ecosystem and are designed to help users build an on-chain resume, increasing their eligibility for future quests. Upon completing these tasks, users can mint NFTs as proof of completion and claim token rewards.
- Main Features
- Earn cryptocurrency by completing on-chain tasksSkill development through questsVerifiable on-chain resumeNFTs as proof of task completionDistribute ownership of tokens to network participants
- Blockchains
- Ethereum
Frequently asked questions
Quests are targeted earning opportunities on RabbitHole. After completing a Quest, users can mint a receipt, which is a unique NFT representing proof-of-completion for that specific Quest. The receipt can be used to claim a token reward or transferred to others.
Receipts are NFTs (non-fungible tokens) that serve as proof-of-completion for RabbitHole Quests. Each receipt is unique to a specific Quest and can be used to claim a token reward for that Quest. Receipts can also be transferred to others or used as collateral in loans on certain DeFi protocols. To claim a reward in a Quest, you need to mint or own a Quest receipt that has not yet claimed a reward. You can do this by navigating to your Quests in the RabbitHole app and selecting the available rewards you can claim.
The mission of RabbitHole is to distribute ownership of tokens into the hands of high-quality users by incentivizing on-chain work. They aim to create a world where an individual's contributions are valued more than their capital investments.
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