Phemex Web3 Whitepaper
  • Overview
  • Features
    • Phemex Soul Pass
      • Use Cases
      • Minting
    • Phemex Token
      • Tokenomics
      • xPT
      • PT
      • vePT
      • Token Benefits
        • DAO Governance
        • Treasury Management
        • Staking Yield
        • Trading Reward Boost
        • Fee Discounts & Earn Boosts
        • Launchpad & Launchpool Access
    • Phemex DAO
      • Governance Model
      • Proposal & Voting
        • Voting System
        • Request for Comments System
      • Contributor Incentives
        • Detailed Breakdown
  • Incentives
    • Trading Rewards
      • xPT Pre-mining
        • xPT Reward Calculation
        • xPT to PT Conversion & Distribution
        • Boost Factor Leaderboard
        • Additional Perks
        • API Users Special Offer
        • Prohibited Actions and Consequences
      • PT Trading Rewards
    • Liquidity Provider Rewards
    • Phemex Collaborator Program
  • Concepts
    • Technical Concepts
      • Terms and Conditions
    • Privacy
    • Vision
Powered by GitBook
On this page
  1. Concepts

Privacy

PreviousTerms and ConditionsNextVision

Last updated 2 years ago

As a soulbound token, the and its metadata are present and verifiable on-chain. Initially, this on-chain data will be fully public but we are keeping a close eye on the technological strides being made in the field of programmable privacy. In the future, if Phemex Soul Pass holders do not want their PSP information to be public, one option can be to store the data off-chain while leaving a hash of it on-chain. The PSP holder would then be able to reveal the contents of their Soul Pass only when they want to.

Another method to enhance SBT privacy is through zero-knowledge proofs. Since ZKPs can be used to prove the veracity of an arbitrary statement without revealing anything more than the statement itself, they enable SBT holders to prove their legitimacy without having to expose their identity or SBT metadata. Designated-verifier proofs and verifiable delay functions are additional powerful mechanisms that build on top of ZKP as mentioned in . As cryptographic techniques continue to develop regarding privacy, Phemex will assess their viability and look to apply them to the Phemex Soul Pass.

Phemex Soul Pass
Weyl, Ohlhaver, and Buterin’s paper on Decentralized Society