What has been the most interesting mechanism design since the beginning of this year? There is a project working on a reputation-based NFT public sale model, which is quite worth analyzing.

The core logic is actually very straightforward: how high your social capital is directly determines your level in the project. What does a higher level mean? Better discounts.

This creates a positive feedback loop: users with high reputation get better terms → naturally have more motivation to promote the project → the project's popularity further increases → the influence of these users also rises accordingly.

In simple terms, it makes influential people feel more involved. When they promote the project, they are not just speaking for others, but speaking for their own interests. This design, which ties user incentives to project growth, is indeed a paradigm worth studying.