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Use Cases

This section explains how DUA token is involved in various use cases inside the app.

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Contribute and earn DUA

All verified users can perform specific actions inside the app regardless of the chosen mode (Love, Biz, Friends). These actions lead to the community's well-being and build up user reputation. Those with the highest reputation can get rewarded with DUA tokens based on a well-defined schedule.

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Send and receive DUA

Users of dua.com can use their in-app wallet to move DUA freely within the network, to each other, without any middlemen.

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Pay with DUA as an individual

All verified users can pay for the premium subscription or single features of the app in DUA tokens through their in-app wallets.

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Pay with DUA as a creator or business.

All creators and businesses can pay for ad impressions in DUA tokens through their in-app wallets.

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Exchange tokens for DUA

All users can exchange (swap) tokens inside the app through API integration with decentralized exchanges.

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Stake and earn DUA

All users can stake their DUA amounts and earn rewards directly in their in-app wallets.

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Borrow and Lend DUA

All verified users can either borrow or lend DUA to DeFi protocols completely peer-to-peer and in an automated and permissionless manner.

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Gift or tip with DUA

All users, especially those that follow their preferred celebrities in the dua Friends app mode, will be able to send a gift or tip in DUA through their in-app wallets. Once the dua Friends launches, a proper guide will be made available to the public.

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Credit Scoring

In countries with low income and generally not well-established institutions, financial institutions face challenges regarding risk-score users. That is why they have already started using alternative risk-scoring methods from the digital world, which have provided positive results.
There might be cases where financial institutions or other institutions that need to rank the risk of a user might request their data through our platform. In such agreements for cooperation, we can follow up with the user, or the user can provide his reputation score through smart contracts. Once the user provides permission, we can provide our scoring of that particular identity to the external solution using a zero-knowledge method in which only a boolean is returned. We can achieve this with the user’s consent, for example, if they are applying for a car loan with a bank that is our partner.

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Identity & Reputation - Individual (Example)

Bob is at the center of this example, explaining our DID system.
He is a 38-year-old software developer that works for a large corporation doing frontend and backend development. He has accumulated a rich presence on the internet over the years, spending a few hours a day as an influencer on several social networks. He uses Twitter for his online discussions, mainly for social causes he supports. Then he uses Reddit for personal development forums and Youtube, where he has a channel for his mini-golf hobby. He goes to Instagram to share his sunset pictures. He occasionally visits Facebook to keep up with his extended family. At the same time, he reads hacker news obsessively and engages in discussions there.
He used dua Biz for a conference he attended in Amsterdam to connect with like-minded folks who also like photography but are in software development. When he used dua Biz, he created a crypto identity that uses his own client-side non-custodial identity. He wanted new innovative ideas, so he gave it a go. After creating the identity and claiming it inside the application, he sees a list of AE’s within the dua ecosystem. He decides to verify his Twitter first. The instructions told him to:
  • Add his Twitter handle to the system
  • Make a public post signed with his private key
The dua system crawled that message and connected Bob’s handle (hackerBob) with his public key => 0xc730…9890d.
Dua is an oracle operator for Twitter, and it added Bob’s handle to the handles it indexes. It indexed his Twitter account’s followers, date of creation, number of tweets, and general interactions and created a reputation score for Bob on Twitter. Bob now has connected his crypto-generated identity with his Twitter account in an anonymous way in the immutable blockchain and adjusted his online reputation. Next, he does the same with his Reddit, Instagram, and Hackernews profiles. The system now creates a reputation for each entity based on Bob’s interaction with these networks. He is rewarded with DUA whenever he connects to a new network.

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Identity & Reputation - Business (Example)

At the periphery of the example, we have ANY Corp. This young company just raised venture capital to build a new social network where you can share posts only once daily. It’s a minimalistic social network to differentiate itself from the rest. Their marketing team has created a significant buzz, and many users are waiting for the app to be ready to use it. When the application launches, they wish to allow only users they think would initially add the most value to the network.
They stumble upon DUA and create a script that will enable dua ID holders to sign up with their service only if they have an overall reputation in the top 10% of dua ID. They have already connected more than seven other authorized entities. Users now have found a way to join the network, sign up and provide ANY Corp with a one-time key which the script verifies automatically. ANY Corp sees the value of vetting their users; therefore, they do not mind paying in DUA tokens for background checks run on smart contracts.
Given that the network is growing, they can have another campaign to allow users with a reputation higher than 50. Given the success of the user campaign for ANY Corp, their next step is to recruit community ambassadors to share the news about their new social network and reach the masses. They are specifically interested in people with fitness knowledge since this niche community is missing within their social network.
They create a bounty campaign. The first hundred users that sign up to the network and have a higher score than sixty on other social media channels related to fitness will get an NFT gift for joining the network. The NFT they receive will allow them to have one-day-a-month access to an exclusive gym.