VIP3 Pass
The VIP3 Pass is an on-chain membership card issued by the VIP3 platform, available in multiple different levels. Users must hold a VIP3 Pass to become a member of VIP3 and thus enjoy the various Web3 product benefits offered by the VIP3 platform. As of January 2024, the VIP3 platform has issued over 100,000 SBTs on chains such as Ethereum, Polygon, Zksync, and Scroll. The use of SBT (Soul Bond Token) for VIP3 Pass has specific reasons:
Nature of VIP3 SBT: VIP3 SBT is not a typical NFT. Users can perceive it as a non-transferable NFT bound to the Mint address. However, being non-transferable or non-tradable doesn't mean it lacks liquidity. VIP3 has conducted technical pre-research and plans to provide liquidity to some VIP3 Passes at good timing through a Bonding Curve model.
Proof of Genuine and High-Quality User Identity in Web3: The VIP3 Pass serves as a marker or proof of identity for real and high-quality users in Web3. For identity proofs like ID cards, diplomas, or MasterCards, the issuing institutions do not intend for them to be traded freely, as this could lead to confusion and inconvenience. Similarly, we want the VIP3 Pass, which is a proof of high-quality and genuine users in Web3, be non-tradable.
VIP3 offers four different levels of Pass passes:
Silver Pass: This is the most basic level of membership on the VIP3 platform, introduced at the launch with a price of 0.08 ETH per pass. To encourage wider participation, VIP3 will offer limited-time free Mint services, allowing more users to enjoy most of the rights and benefits of VIP3. Silver passs are expected to be the most common among VIP3 users, accounting for over 80% of the total user base. Having a larger number of Silver pass users will strengthen our bargaining power with Web3 platforms, securing more benefits for users.
Gold pass: Planned to be introduced six months after the Silver pass launch, Gold pass users must pass a series of verifications to be eligible. We expect Gold pass users to have richer Web3 experience and enjoy higher-level benefits. User interaction on the blockchain will be analyzed to establish criteria for Mint eligibility. Additionally, high-quality Web2 users might also qualify for a Gold pass, possibly verified through Twitter, LinkedIn, Steam, or using work/educational email addresses. Gold pass users are expected to make up about 15% of VIP3's overall user base.
Diamond pass: This pass will be released one quarter after the Gold pass, targeting top-tier Web3 users with a limited issuance of 10,000 passes. Diamond pass holders will enjoy rare rights and benefits, such as whitelists for top projects and even private investment opportunities for some high-quality projects. We plan to provide liquidity for Diamond passs through the Bonding Curve model, allowing users to Mint a pass at market price and return it (not a trade, more like returning or destroying the pass) at the current market price. The refund amount will be roughly equivalent to the price paid by the last person who minted the pass, minus some transaction fees.
Black pass: The release date of the Black pass is not yet specified, with a total supply of 1,000, making it extremely rare. It's prepared for the top whales in Web3 or developers who have made significant contributions to the industry. Black pass holders will not only enjoy all top-tier Web3 benefits but also have the chance to directly receive VIP3 platform Token rewards. Additionally, we plan to offer Black pass users numerous top-tier Web2 and real-world benefits, such as airlines, star-rated hotels, and luxury brands.
At VIP3, we segment users into different categories based on their preferences and attributes in Web3. For instance, we might classify users into GameFi enthusiasts, DeFi enthusiasts, CEX traders, NFT collectors, etc. This segmentation helps us expand more benefits efficiently, distributing them automatically to users who need them, thus enhancing the match between benefits and users. This approach allows users to easily access the Web3 benefits they are interested in, ensuring an excellent experience.
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