fathom

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Description

Fathom is a decentralized protocol that revolutionizes credential verification by leveraging blockchain technology. Through peer assessments within knowledge communities, it aims to establish trusted proofs of knowledge, skills, and competencies, eliminating dependence on traditional institutions. The protocol fosters a universally respected credential system, enabling transparent and secure skill recognition. Unique features include stable staking with ROI powered by trading bots, supported by six custom smart contracts and a dApp. Following development challenges, Fathom relaunched on PancakeSwap, focusing on sustainable revenue streams. The token utility centers on staking and ROI, contributing to the project's financial ecosystem.

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FAQ

What is the purpose of Fathom in the web3 ecosystem?

Fathom aims to revolutionize credential assessment by leveraging a decentralized protocol that evaluates and attests to individuals' knowledge, skills, and competencies. By using blockchain technology, Fathom eliminates reliance on traditional educational institutions or centralized certifying agencies, fostering a universal and open system for skill recognition.

How does Fathom's system of peer assessments function?

Fathom operates by allowing knowledge communities to form around shared concepts where members can collaboratively define knowledge standards. Through peer assessments, participants evaluate those seeking credentials, creating proofs of knowledge that are secure, portable, and owned by the individual.

What benefits does Fathom offer compared to traditional credentialing methods?

Fathom provides a secure and decentralized alternative to traditional credentialing, empowering individuals to own their credentials. This system addresses privacy concerns and promotes lifelong learning, enabling global collaboration without the need for centralized certifying agencies.

How does Fathom ensure stable ROI for its token holders?

Fathom offers a stable staking method, using contributed USD to determine reward amounts, supported by external revenue streams, primarily via trading bots. This approach ensures a consistent Return on Investment for token holders while promoting project sustainability.

What distinguishes Fathom’s staking mechanism from others in the crypto space?

Fathom's staking mechanism is unique due to its stable staking model combined with external revenue generation. It not only provides ROI but also acts as a part-ownership in the project's revenue streams, supported by six custom smart contracts developed by their robust team.

What challenges has Fathom faced and how have they been addressed?

Fathom initially faced challenges like sniper bot interference during the launch on an untracked decentralized exchange. By launching a corrected V2 on PancakeSwap (PCS) and continuing to stabilize systems and build revenue streams, Fathom has addressed these issues, ensuring a more reliable and secure platform for users.

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