User Groups

Phi Protocol has 5 key types of users:

1. Cred Creator

2. Curator

3. Verifier

4. Artist

5. Minter

Cred Creator

Credential Creators can suggest/create an Onchain credential by indexing blockchain data.

Curator

Curators show support for specific credentials by buying or selling Shares. Purchasing Shares helps the protocol understand which credentials are in higher demand. This is defined by the bonding curve for each Credential along with how early the Curator bought their share. Curators also earn a portion of mint fees for the credentials they share.

Verifier

Verifier's help create the logical criteria to verify that the Minter is eligible to claim a credential by querying the user's onchain data. Verifier's achieve this by creating the backend validation logic and hosting this for Phi Protocol. Verifier's also earn a portion of mint fees for the credential they help verify.

Artist

Artists help create credential content which can be minted by Minters who want to collect the credentials. Multiple artists and artworks can be created for an onchain credential, which allows various styles of art to be collected.

Artist's also earn a portion of mint fees for the credential they help verify.

Minter

NFT Collecter focus on meeting eligibility requirements to collect Credentials. Collectors mint Credential NFT's and pay a small fee in the process.