Introduction to the RabbitHole Platform

accumulate rewards by utilizing decentralized applications

The ecosystem of cryptocurrencies is at a critical juncture. In the past three years, we have dedicated our resources to the launch of new protocols, new smart contracts, and new applications; however, we have not been successful in gaining mainstream adoption.

When it comes to using crypto, users are subjected to an increasing amount of noise with each newly developed protocol or contract. Users won't use decentralized applications because they won't be able to use the applications if new users can't filter through the noise. And if new users don't start utilizing decentralized applications, then we'll be stuck with the centralized financial system that we have right now, which is controlled by a small minority.

In the meantime, cryptocurrency networks are attempting to discover a way to decentralize their operations in an efficient manner and convert investors in cryptocurrencies into users. In recent months, we've seen an uptick in the number of projects launching tokens for their respective ecosystems. Projects are rapidly shifting away from the "buying to own" model and toward the "participating to govern" model. The majority of these projects, however, are plagued by a dilemma known as the chicken-and-egg problem, which states that there must be user participation in order to govern.

How can we help filter out the noise for new users, convert speculators into participants, and make cryptocurrency networks more decentralized?

Welcome to the Rabbit Hole platform, where you can earn rewards by using decentralized applications.

On RabbitHole, users are able to acquire experience points (XP), level up, and earn rewards by interacting with popular blockchain protocols. The goal of RabbitHole is to help users understand the primary functions of a decentralized application while simultaneously bootstrapping the network. This is accomplished by dividing each application into gamified tasks.

A gateway into the world of cryptocurrencies, Rabbit Hole addresses a number of issues that are currently problematic for the crypto industry.

— There is currently no incentive to test the functionality of new networks or bootstrap new networks. Users of a cryptocurrency network can be rewarded on RabbitHole with one-of-a-kind tokens or other prizes for interacting with the network's smart contracts and testnets.

— It can be extremely challenging for a new user to sort through all of the noise. RabbitHole is responsible for the curation of tasks for each application. This allows the user to obtain a guide rail and an understanding of how the network works by actually using the network rather than simply watching videos.

— The "fun" factor is severely lacking in cryptonetworks. By layering game-like mechanics on top of pre-existing smart contracts, RabbitHole makes it simple for new users to experience the paradigm shift that occurs when moving from a centralized to a decentralized environment while simultaneously learning how to use applications that are cryptographically enabled.