GitHub metaverse - Bounty DAO

[sergfeldman]

GitHub metaverse - Bounty DAO

Start the Bounty DAO (or Bounties DAO) - the ecosystem of bounties for developers.

There are yield-bearing stablecoins on the market.
We can provide a discount stablecoin (or a discount bond).

Launch the utility token Bounty Dollar - a stablecoin that unlocks discounts.

Info
https://blog.obyte.org/introducing-discount-stablecoins-6e7b5e9a8fd6
https://en.m.wikipedia.org/wiki/Zero-coupon_bond
https://ostable.org/create
TBD

Bounty DAO ecosystem markets

Bounties marketplace

Earn a Bounty Dollar for completing bounties.
"Come code - get paid"

As a developer you
Give
Your work at a suitable time
Get
Income

As a project you
Give
Tasks for developers-freelancers

Get
The lower total cost of development
The higher overall quality of solutions

Discounts marketplace

Purchase digital products and services with discounts for Bounty Dollar.
"Pay upfront - get discount"

As a developer you
Give
Lock your liquidity
Get
Access to exclusive discounts for the demanded products

As a project you
Give
Discounts on your products
Get
New customers from your demographic
More stable revenue

Easy integration with traditional payments

Develop the Bounty DAO in partnership with Visa/MasterCard/Stripe

The only way to get Bounty Dollar is to deposit USD to the Bounty pool

The Bounty pool is a Bond-style pool.
After a lockup period, you will get Bounty Dollar with a discount.
The longer the deposit period - the higher discount
For example, 1 day lock = 0.1% discount, min 1 week, max 1 year, withdraw anytime

For degens providing liquidity to the Bounty pool is similar to Bonds in case they are able to sell Bounty Dollar.

What to do with black market for the Ubiquity Dollar?

Direct swap like UCDC-Bounty Dollar prohibited or with high fees?

Research Bounty Dollar as an ERC-3525 token

Research ERC-3525 use cases
https://foresightnews.pro/article/detail/13775
TBD

[0x4007]

This sounds like what we're already looking to do with the DevPool except you're proposing to make a new token which I'm very hesitant on. We would then have to build liquidity for new markets, again. We should discuss on our research call.

[sergfeldman]

Ponzi elements for our products

The purpose of Ponzi elements is to increase activity driven by greed, the anticipation of future revenue, and a risks-on attitude.

Ponzi and gamification mechanics:

• Discounts, cumulative discounts (like in Bonds)
• High APY
• Gambling, random airdrops, raffles (do-win)
• MLM (do once - get passive income)
• Referrals (invite - get passive income)
• Big or attractive ideas (participate - get a sense of belonging)

Products and ponzi elements
Credit system (Dollar, Credits, Bonds) - Discounts, High APY, Big or attractive ideas (utility)
Vault - Gambling, Referrals
Lootbox - Discounts, MLM