metadata: {"signature": "0xe55369f7f561fc97fa1798e87eeca2d5bb83f2f3bfa73a485740a0d5f6dc63643813c2cedd7b86b289a7bcc3de5442de1628fe23ee5a7640cf0d081c4d0248b71c", "application": {"round": "0xadd9b8cc34d9f36fa37cb9c6941e6209f4eea6c6", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "a6dhn1PMJls0rhZBhIbzxyqpd1ifQvPVRZfnqo7uIuUqNIewaNoCH7SFnhNUvJ7j", "encryptedSymmetricKey": "3fa90005888dc2a44ce25d00864ff228525a99d89ed98c370e6c17df208a4dfb028d2f897c002980eb2ae487653f6a110e4b4be93dac77db0a1c383f4ba0faa780a4d3bb59dab741fc45ecd3dcf1637a43766e16de708e0cb38d5e7459a665900e4c995390d4987592d7d7ed98bd15ba16af751faf6067254bd015bddbd25bb50000000000000020d9d0f570b6fd5c6ba7a635cab722ec1b54804e30121dbd8b9b66ca35a961f6b9388de25042e316582419fb04c70e6292"}}, {"type": "short-answer", "answer": "@daniel_simplicity", "hidden": true, "question": "Telegram handle", "questionId": 1}, {"type": "link", "hidden": false, "question": "Karma profile (if available)", "questionId": 2}, {"type": "checkbox", "answer": ["Yes, I confirm"], "hidden": true, "question": "Have you read and confirmed that your project abides by the Program General Eligibility Policy https://tecommons.notion.site/Eligibility-Policy-7cf5ff8c323149cf84011712f070f009 ?", "questionId": 3}, {"type": "paragraph", "answer": "Simplicity Group is a boutique consultancy specialising in tokenomics, dedicated to helping crypto projects build sustainable economic models. Our long-term vision is to see blockchain technology integrated across all industries, revolutionising the way businesses operate and creating more efficient, transparent, and equitable systems.\nWe aim to position Optimism at the forefront of this transformation by ensuring that projects built on Optimism have robust, sustainable tokenomics. By providing expert guidance grounded in sound economic principles, we help these projects endure and thrive over time.\n\nQualitative Benefits:\n* Enhanced credibility and trust in projects built on Optimism, attracting more developers and investors.\n* Strengthened community engagement and support due to transparent and sustainable economic models.\n* Increased innovation within the ecosystem as projects with strong tokenomics can focus on long-term development.\nQuantitative Benefits:\n* Higher project survival rates, leading to a more stable and resilient Optimism ecosystem.\n* Increased transaction volumes and activity on the Optimism network as successful projects attract more users.\n* Greater investment inflows into the ecosystem, driven by the success and sustainability of projects.", "hidden": false, "question": "Vision Statement and Impact: Describe the long-term vision of your project and its intended impact on the Optimism and broader Superchain ecosystem, including both qualitative and quantitative benefits", "questionId": 4}, {"type": "paragraph", "answer": "To achieve our intended impact and key goals for the next 3-6 months, Simplicity Group will implement the following high-level strategy:\u2028\n1. Free Office Hours:\n We will offer free office hours for projects building on Optimism, providing direct access to our tokenomics expertise. This initiative will allow us to give tailored advice and support to ensure projects are on the right track and don't fall into common pitfalls\n2. Educational Content and Research:\nWe will create comprehensive content and research materials aimed at founders. These resources will highlight the importance of proper tokenomics and provide actionable insights on how to implement sustainable economic models. This will include articles, webinars, and workshops.\n3. Tokenomics Review Tool Development:\nOur ultimate goal is to develop a user-friendly tool that allows founders to simply conduct deterministic modelling to get a data driven approach to tokenomics. This tool will be designed to identify potential weaknesses and provide suggestions for adjustments to enhance sustainability and long-term success.\n\nBy focusing on these strategic initiatives, we aim to build a strong foundation for projects on Optimism, equipping them with the knowledge and tools needed to succeed. This will not only benefit individual projects but also contribute to the overall growth and stability of the Optimism and broader Superchain ecosystem.", "hidden": false, "question": "Initial Strategy: Outline a high-level strategy for how you will achieve your intended impact and key goals for the next 3-6 months", "questionId": 5}, {"type": "paragraph", "answer": "Our project applies token engineering within Optimism by providing expert advice, conducting thorough research, and developing advanced tools to enhance tokenomics. We offer tailored guidance to projects, helping them design balanced and sustainable economic models. Through data-driven analysis, including simulations and stress tests, we ensure these models can withstand market fluctuations. Our educational initiatives, including resources and workshops, empower project teams with a deep understanding of token engineering principles. Additionally, we are developing tools to automate the tokenomics review process, offering real-time insights and recommendations to optimise economic health and sustainability.", "hidden": false, "question": "Integration Approach: Explain how the project applies token engineering within OP", "questionId": 6}, {"type": "dropdown", "answer": "Consulting & other services", "hidden": false, "question": "Project category ", "questionId": 7}, {"type": "short-answer", "answer": "Consulting and Research launched and already being applied. Tooling is in Planning phase.  ", "hidden": false, "question": "Project stage: What stage do you consider your project is currently in? (F.e.: Plan, Proof of Concept (PoC), Minimum Viable Product (MVP), Fully integrated project)", "questionId": 8}, {"type": "paragraph", "answer": "The team has an extensive economic and research background having provided advice on tokenomics to over 100 projects, and designed token economies for over 40 projects including modelling. ", "hidden": false, "question": "Team Expertise: Provide a brief summary on the team\u2019s background and relevant expertise in token engineering and/or OP", "questionId": 9}, {"type": "paragraph", "answer": "Example 1: DLC Link Tokenomics Design - https://docsend.com/view/57pbxb6sf5wpw4cn\n\nExample 2: EOracle tokenomics audit\nhttps://docsend.com/view/332s22vic7fvywqy\n\nExample 3: Uprising Modelling & Stress Test\nhttps://docsend.com/view/yf7rqdg8bbbkpukx", "hidden": false, "question": "Existing Work: Provide evidence of any existing work, such as prototypes, research papers, or previous projects. If you have already done work within OP/ Superchain, please include that here too", "questionId": 10}, {"type": "paragraph", "hidden": false, "question": "Returning grantees: If your project has received prior funding from the Token Engineering Grants Program, please describe the impact that funding has had on the project", "questionId": 11}, {"type": "checkbox", "answer": ["I agree"], "hidden": false, "question": "Agreement checkbox: By checking this box, grantee commits to participating in the two milestones outlined below (exact dates will be communicated after your admission to the round): September: Milestone 1 requires completion of a grant profile in Grantee Accountability Protocol (GAP). The profile outlines the specific outcomes to be achieved by Milestone 2.  October: Milestone 2 requires a progress report on the grantee's progress towards achieving the outcomes agreed to in Milestone 1. ", "questionId": 12}, {"type": "paragraph", "answer": "Not in the plans now, but if other opportunities arise possibly.", "hidden": false, "question": "Have you applied or are planning to apply for additional funding rounds within the Optimism ecosystem? https://sovs.notion.site/d24bc00e3ed14139beb44b82a5e145c5?v=50ae5a8b531641e0b78f39a710f3ffa6", "questionId": 13}, {"type": "short-answer", "answer": "Met Jade at ETHCC in Brussels", "hidden": true, "question": "How did you hear about the Token Engineering Grants Program?", "questionId": 14}, {"type": "paragraph", "answer": "Our consultancy has provided tokenomics expertise to over 100 projects, who have raised over $80m including those with investments from top-tier venture capital firms like Sequoia, Hashkey, OKX, Spartan, and Kucoin Ventures. ", "hidden": false, "question": "Anything else you'd like to share about your project, previous work, or other project affiliations? Anything you'd like to add that has not been covered?", "questionId": 15}], "project": {"id": "0x0a756564715114df32b9140cca4fe3000f89bd130c569b750872b5cac2d1620b", "title": "Simplicity Group", "logoImg": "bafkreig6gwwpuqxffjpoiu46w3t75fnr36hgkpy7jrzg7azr2kkrxrvlkm", "metaPtr": {"pointer": "bafkreih3euq2vpw5qxxxpgyflmwrcy7qh4vsmkqvnqul5wgjrvlgk2yvw4", "protocol": "undefined"}, "website": "https://Simplicitygroup.xyz", "bannerImg": "bafkreiafjnysbpkook4rrqg43d6kxwotxm5m7d6fhgwh7fohlwyhn5lycq", "createdAt": 1722658981672, "userGithub": "SimplicityGroup", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..GlASKQRgo4FHuMCG8LSYY5C2EdyGQnWPU5gSw1JANFflPmnEzLc543dDzbcYYUX8Jt8Cpe-GYmnzLkxhKW41BA", "type": "Ed25519Signature2018", "created": "2024-08-03T04:31:29.706Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-08-03T04:31:29.706Z", "expirationDate": "2024-11-01T04:31:29.706Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xE6da5c4012D1991366c3AD81c644616531A4595C", "hash": "v0.0.0:p7KCVUjXZznaZ/XlJUIOdfoEtSPZZa/KMBq0mkd6my4=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#SimplicityWeb3"}}}, "description": "Simplicity Group is a boutique tokenomics consultancy comprised by a team of economists and researchers.", "lastUpdated": 0, "projectTwitter": "simplicityweb3"}, "recipient": "0xE6da5c4012D1991366c3AD81c644616531A4595C"}}