Summary: * Title: DeVault Faucet Portal (Development Fund) * Total Amnt: 500,000 DVT * Author: JSKitty * Receiver: JSKitty * Address: devault:qp5yfjs3pgmyxjpad432ek9gh7jgc4k5yyqv3y9zjh * Created: 28th August 2019 * Status: Draft
This is a proposal aimed to fully fund the development and maintenance of a Dedicated DeVault Faucet Portal website, a gamified portal that distributes DVT for free based on certain actions.
The ‘gamified’ part comes in with social-actions, such as sharing DeVault media via platforms like Twitter and Reddit, earning extra DeVault for potentially helping onboard more members into the DeVault community.
This aims to distribute DVT fairly, and help encourage members of the community to reach out to their friends and introduce them into the community, hopefully, encouraging a domino effect of user onboarding and community growth, and giving anybody a chance to own a small amount of DVT and participate within the ecosystem of Voting and ColdReward-powered hodling.
Recently the idea of a dedicated faucet popped up within the community, as exchange-supplied faucets are generally heavily botted, underperforming, and don’t encourage users to visit our community and participate. This system will encourage productive contributions for DVT in return, instead of simply dashing out DVT to the world “for the lulz”.
This portal will have a “standard” faucet, as expected, this will freely distribute very small amounts of DVT to users on an strict interval, protected by a custom captcha and some tricks to avoid “botting” and usage of multiple devices / networks to game the faucet.
Along with a regular faucet, will be “social actions”, such as tweeting about DeVault, or sharing via forums, or one-on-one onboarding of friends into the community. These actions will pay higher than the regular faucet, encouraging productive contributions instead of rewarding “leech” behaviour as the regular faucet generally does.
Payouts will be entirely automated, and will adjust to the amount of funding within the internal wallet at a set percentage per-task, I would like to avoid adjusting payouts based on USD or BTC prices, as to help remove the mindset of “profiting” as soon as someone receives DVT from the faucet.
Every faucet payment will be made on-chain upon collection or action-completion, and users will not have to register accounts. If traffic gets extremely high, this may need to change.
The development costs presented in the proposal are one-time, purely for the creation of the system, both the Frontend and the Backend of the portal are included.
Maintenance costs include all additional future updates and uniqueness of the platform in favor of DeVault’s ecosystem, and will repeat once every 4 months.
A small breakdown:
- Development: 400,000 DVT (One-time)
- Maintenance: 100,000 DVT (Once every 4 months, including the initial proposal)
*The “Maintenance” portion of the platform will be re-adjusted every 4 months to equate to $100 (USD) worth of DVT at the time of their respective proposals. Excluding this initial proposal, as a sort of “starter discount”, and because I really like round-looking numbers.
Included with “Maintenance” funding: I will make the portal unique to DeVault, meaning I will not re-sell, rent or otherwise distribute the platform’s code to external projects or cryptocurrencies. Essentially a “No-compete clause”, but based on Good Faith of me and my work.
All proceeds from the proposal will go to my personal address, written at the top of this document.
The faucet itself will be funded initially by me, this funding is also excluded from the proposal. I will be adding an initial 25k DVT into the faucet, coming from the discord bot’s balance, and a public donation address will be visible on every page of the faucet.
During a normal scenario, I could probably get a very basic version of this faucet online within a week of the proposal passing. But I start a long 500-ish mile journey on Friday (30th August), so this may delay development a bit.
I can guarentee a public and usable state of the portal within 1 month of the proposal passing, and past then, many consistent updates to keep the portal fresh with new activities.
Thanks for reading my proposal!