# Intro to MyShCh

## About the name

You won't believe it, but it reads like... Something similar can be found in English in the word "Queue", where most of the letters are "extra".

On the one hand, the name comes from a misconstrued phrase **"My Soul History Come Honest"**, and our designer has boldly reflected this [<mark style="color:blue;">on the main page of the site</mark>](https://myshch.io/). This is the main message of the project - **"Think differently, not like everyone else"**.

## What's MyShCh?

The event market is estimated at 80-100 billion, but to this we can add an estimate of the [<mark style="color:purple;">NFT</mark>](#user-content-fn-1)[^1] access market and the on-chain cycle, which is not yet highly developed.

The second important aspect is the growth of the crypto market: there are now around 400-600 million wallets in the world, or around 100-300 million users. And the growth has been exponential over the last 10 years: 2013, 2017, and 2021.

This means that the number of users in each segment is increasing: NFT, [<mark style="color:purple;">DeFi</mark>](#user-content-fn-2)[^2]<mark style="color:purple;">,</mark> [<mark style="color:purple;">GameFi</mark>](#user-content-fn-3)[^3], etc. And NFT tickets, access, and gifts are no exception. It's enough to look at the data on Collab.land or Guild.xyz.

At the moment, the platforms are still based on [<mark style="color:purple;">Web</mark> <mark style="color:purple;">2.0</mark>](#user-content-fn-4)[^4] competition rather than [<mark style="color:purple;">Web 3.0</mark>](#user-content-fn-5)[^5] cooperation, although the latter has been developed in the DeFi segment and [<mark style="color:purple;">L0/L1/L2/L3</mark>](#user-content-fn-6)[^6] solutions.

In this respect, the next 5-10 years will see not only quantitative but also qualitative growth:

* The growth of [<mark style="color:purple;">on-chain reputation</mark>](#user-content-fn-7)[^7] tools and the increasing complexity of their invoicing/calculation mechanisms
* Data exchange between different platforms or services (e.g. passport.gitcoin.co)
* Development of ways to represent on-chain reputation: [<mark style="color:purple;">airdrop</mark>](#user-content-fn-8)[^8] accruals, [<mark style="color:purple;">SBT</mark>](#user-content-fn-9)[^9], [<mark style="color:purple;">DAO</mark>](#user-content-fn-10)[^10] activity, etc.
* The final synthesis of offline and online using on-chain tools and their off-chain oracles

For us, MyShCh is a living embodiment of [<mark style="color:purple;">**transactional reputation**</mark>](#user-content-fn-11)[^11]: a phenomenon that now shines with different facets in Airdrop, SBT, and other directions.

He was created as a service to work with on-chain reputation through the **Proof of Event** consensus: we do not recognise a person not by their passport (e.g. Gitcoin, Galxe, etc.), but by activity.

Proof of Event is similar to [<mark style="color:purple;">Proof of Humanity</mark>](#user-content-fn-12)[^12], but based entirely on transactional reputation rather than [<mark style="color:purple;">subject reputation</mark>](#user-content-fn-13)[^13].

In this sense, MyShCh is a full-cycle reputation accounting platform, not just a "place to make NFT tickets".

It is also important to mention a detail that will give you an insight into the ideology of MyShCh.

On the 1st of March, we opened the seed round. But not for funds, as it usually happens with startups, but for **the community**, i.e. with direct participation of funds from members of the future Decentralised Autonomous Organisation on the [<mark style="color:purple;">multi-sig</mark>](#user-content-fn-14)[^14][ <mark style="color:blue;">wallet DAO MyShCh</mark>](https://debank.com/profile/0xcb4dc7a36725a1aba3390eff5b5f311bf4449d01).

## Inside MyShCh

We have identified two main ways to create events:

* **On-chain cycle**: event creation tools; creating, sending, and validating tickets/gifts/certificates are free, but limited to interactions within blockchain networks without third-party infrastructure. Suitable for those who create an event themselves using the MyShCh infrastructure.\
  Ideal for organising workshops, lectures, meetups, online conferences, etc.\
  \
  In general terms, the on-chain process looks like this:

<figure><picture><source srcset="https://2279070543-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FeiHkXYGyhKbPfGHoLr2O%2Fuploads%2FA5iQJu9d7QC9Mdh2WcVY%2FTicket%20(2).png?alt=media&#x26;token=e18af659-78f0-4ee0-802e-d08b4ee5a953" media="(prefers-color-scheme: dark)"><img src="https://2279070543-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FeiHkXYGyhKbPfGHoLr2O%2Fuploads%2FeZXeeZmN1SRuW2oAcOyY%2FTicket%20(3).png?alt=media&#x26;token=f835f299-aee3-4dc6-9ee9-dc3d555cb572" alt="There are three ticket icons in a row, symbolising the onchain cycle. The ticket is transmitted from left to right. The icon on the left is called ‘Ticket’. The icon in the middle is called ‘Used Ticket’. The icon on the right is called ‘SBT Certificate’. The cycle from left to right: first a ticket is minted, then that ticket is used to get into the event, then a SoulBound Certificate is created from the used ticket."></picture><figcaption><p><em><strong>On-chain cycle of ticket usage</strong></em></p></figcaption></figure>

* **It is idealOff-chain additions to the on-chain cycle**: validating tickets/gifts/certificates and access to Telegram groups through a bot.\
  Third-party infrastructure is available for an additional subscription fee.\
  It is ideal for medium and large offline events as well as mixed events.

{% hint style="info" %}
The on-chain cycle is part of the off-chain cycle.
{% endhint %}

The following modules are available for each cycle:

* **Tickets/Tariffs** - this allows you to create collections of NFT tickets (we call them **"NFTickets"**), assign categories (e.g. Basic, Advanced, VIP, etc.), and link tickets to an event.
* **Showcases** - where you can display your tickets/tariffs for sale.
* **Event pages** - home pages for your events.
* **Gifts** - allows you to create greeting cards; wrap tokens, NFTs, invites, etc. in NFTs. \
  You can give such gifts to participants of your events.
* **Certificates** - allows you to create non-transferable SoulBound Certificates (SBTs). These certificates represent the reputation of the event participants.
* **Calendar** - all events created are stored here. The calendar is also a touch point for the Web 3.0 world.
* **Stats** - download sales statistics for your event.
* **Access** to Telegram groups - give your guests access to your Telegram groups with NFT tickets and a bot.

***

## Further Reading <a href="#further-reading" id="further-reading"></a>

[<mark style="color:blue;">Onboarding to Cryptocurrency</mark>](https://docs.google.com/presentation/d/1R9nFuzA-R6SxaGCKhoMbE4Vxe0JxQSTiHXind3LVq_w/edit#slide=id.g2374802cce9_1_5) - Kyle Becker, Valerie Viard, Lauren Serota: Crypto Research & Design Lab, 2022

[<mark style="color:blue;">Introduction to Web3</mark>](https://ethereum.org/en/web3/) - Ethereum Foundation, 2024

[<mark style="color:blue;">Web2 vs Web3</mark>](https://ethereum.org/en/developers/docs/web2-vs-web3/) - Ethereum Foundation, 2023

<mark style="color:blue;">Non-fungible tokens (NFT)</mark> - Ethereum Foundation

[<mark style="color:blue;">NFT 2.0: the Era of Programmable Assets</mark>](https://hackernoon.com/nft-20-the-era-of-programmable-assets) - Menaskop, 2023

[<mark style="color:blue;">Decentralized Society: Finding Web3's Soul</mark>](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4105763) - Puja Ohlhaver, E. Glen Weyl, Vitalik Buterin, 2022

[<mark style="color:blue;">The State of Web3 perception around the world</mark>](https://consensys.io/insight-report/web3-and-crypto-global-survey-2023) - Consensys and YouGov report, 2023

[^1]: NFT, also known as a unique token, is a type of cryptographic token, each instance of which is unique and cannot be replaced or substituted by another similar token, although tokens are usually interchangeable in nature.

[^2]: Decentralised financial systems.

[^3]: Game Finance are blockchain projects that allow users to earn as part of their gaming experience.

[^4]: Web 2.0 is based on interactive platforms and services connected to the World Wide Web. The difference with the first generation is that websites have become web applications that can be used independently by users.

[^5]: Web 3.0 is a decentralised version of the web built using blockchain.

[^6]: Blockchain categories are necessary to quickly understand how a particular project fits into the overall ecosystem.

[^7]: Transactions that take place on a blockchain, which are performed in a distributed manner and reflected publicly.

[^8]: Distribution of a cryptocurrency token or coin after the necessary conditions have been met.

[^9]: Soulbound token (SBT), or non-transferable token, is a type of NFT asset that is issued in a single copy and is permanently bound to a single blockchain address. Such an NFT can prove compliance with certain conditions, serve as proof of community membership, or certify a user's unique status.

[^10]: Decentralised Autonomous Organisation

[^11]: Reputation based on activity rather than the identity of the subject (human, AI, IoT device, script, etc.).

[^12]: System combining webs of trust, with reverse Turing tests, and dispute resolution to create a sybil-proof list of humans.

[^13]: Reputation based on subject identification.

[^14]: A multi-signature wallet is a cryptocurrency wallet that uses two or more individual private keys for transactions. Transactions can only be executed with the consent of multiple or all participants.