metadata: {"signature": "0xee73c43f2f67d9311827316c7410be4ee15f1d866be1d486ee5bf8b7b022eb6b179cea221ccf9f40635339036448285a6673cedd7ae167dfbb547ef0f37044f31c", "application": {"round": "0xdd906d46876ec8a10e4cf80fb5c4992091e87e46", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "dmqwCEaC15GUAQKkgq4+WOclFVtccKR31Xx+jHIPzJ+DE9wUSln3mfSAjpTbBQPk", "encryptedSymmetricKey": "d0839742c2a98891de2ea98f7a6ea72c293ddde42645dbbf38b762b27d9b3b9d058f507637018cc77e6104723a56be06eadb9a562f99c1f18d90d2082de45195d9333bcbad949777319708ca90dd9e0ba3a952d64a7d771447d9cf927bc3e8b81ccf36e9f31579320ef70472178b609f6aefb6b13a97e85657bcef26510cc54a0000000000000020831e846af49eafc23d51d2c20f65ea3b69f9025252149dff899aa70e3c01f19c1399c2f331181d9561271b22c0b4ed92"}}, {"type": "dropdown", "answer": "Yes", "hidden": true, "question": "Please confirm the Payment Wallet you have provided is on Polygon PoS and can accept MATIC", "questionId": 1}, {"type": "paragraph", "answer": "The project focuses on seamless token launches through Farcaster Frames, allowing users to trade tokens directly within social media posts. The bonding curve model, combined with social engagement rewards, makes blockchain interactions simple and rewarding for everyday users.", "hidden": true, "question": "Explain your project's consumer-centric approach and how it innovatively uses Farcaster Frames to enhance user experience", "questionId": 2}, {"type": "paragraph", "answer": "The project turns each launched Farcaster Frame into an interactive token launch platform, where users can buy, sell, and earn rewards for engaging with posts. This approach transforms social media activity into a gamified financial experience, solving the problem of making DeFi accessible and engaging.", "hidden": true, "question": "Describe how your project uses Farcaster Frames in a novel or unique way to solve a consumer problem or create new opportunities.", "questionId": 3}, {"type": "paragraph", "answer": "The project runs entirely on Polygon PoS, utilizing its low fees and scalability for handling token issuance, bonding curves, and liquidity provision.  We plan to deploy pools to QuickSwap on Polygon PoS.", "hidden": true, "question": "Describe how your project functions independently on Polygon PoS", "questionId": 4}, {"type": "multiple-choice", "answer": "Memecoins / distributed communities", "hidden": true, "question": "Select from the provided categories or specify other if none of these are applicable", "questionId": 5}, {"type": "paragraph", "answer": "Developer of OnchainAffiliates.com, a Farcaster Frame that achieved over 800k engagements, 40k+ user interactions, and 300+ on-chain transactions on Base. Finalist at ETHGlobal Framehack as a member of the becomeagi.com team.  Builder of web3gpt.app open source developer tooling for smart contract developers.", "hidden": true, "question": "Describe your team's relevant expertise in developing in Web3 and (if applicable) with Farcaster Frames.", "questionId": 6}, {"type": "paragraph", "answer": "https://docs.google.com/document/d/1S3fhSo_KNy9X1Az5PRNPMA_czpq5TNFxt2nxpzuPfIM/edit?usp=sharing", "hidden": true, "question": "Please provide key milestones with budget for integrating Farcaster Frames and developing your application. You can link to a spreadsheet outlining this information.", "questionId": 7}, {"type": "paragraph", "answer": "The project will leverage viral social sharing on Farcaster, rewarding users for engaging with Frames.  Additionally token holders may be able to boost their launches, providing further incentives to the community and driving both token trading and social interaction.", "hidden": true, "question": "What is your plan for driving user adoption of your application", "questionId": 8}, {"type": "paragraph", "answer": "The project targets 3,000 users, 500k frame views, 2,000 frames casted,   2,000 transactions in the first 60 days.  We plan to do this by incentivizing engagement  (likes, recasts, comments) and daily reward claims.  The estimated 2,000 transactions comes from the fact that each frame will have a token associated to it further increasing onchain transactions.\n\nStatistic based on past performance with onchainaffiliates.com Frame (also ~2 month period):\n5,000 registered users, 4,000 Frames casted, 800k engagement, 40k interactions, 350+ on-chain transactions (all reward claims made the frame).", "hidden": true, "question": "Describe how your project will increase DAA and transaction volume on Polygon PoS.  Provide estimates on the expected volumes over the next 60 days.", "questionId": 9}, {"type": "paragraph", "answer": "OnchainAffiliates.com, a previous project by the developer, achieved over 800k engagements, 40k+ user interactions, and 300+ on-chain transactions on Base. \n\nOnchain Affiliates Metrics Screenshot:\nhttps://lvjt7wkmlmpwhrpm.public.blob.vercel-storage.com/Screenshot%202024-09-24%20at%201.55.00%E2%80%AFPM-t7yJtZ4lGghaa47pL7pajye8t9Py5j.png\n\nBaseScan Onchain Data:\nhttps://basescan.org/address/0x0Da1877367645EF300df6924A06Ac06dB95F0a69\n\nGloom Meme Token Partnership:\nhttps://basescan.org/address/0xbb5d04c40fa063faf213c4e0b8086655164269ef", "hidden": true, "question": "If applicable, describe any existing user base, partnerships, or traction your project has achieved. Include metrics if available.", "questionId": 10}, {"type": "dropdown", "answer": "Yes", "hidden": true, "question": "Do you understand and agree to complete Gitcoin's KYC process before processing payments?  All grantees receiving more than $15K will be required to complete KYC/KYB.", "questionId": 11}], "project": {"id": "0x788393cd2c1bc535899a6a34ac83d377fb66f04d4bd12e314f15e3f1e43c0ed1", "title": "FrameLaunch", "logoImg": "bafkreiar5kcfs5wvx6a6qgfrtzyde3gvlq2xysfjotdlkbh4wmxeoe6jrm", "metaPtr": {"pointer": "bafkreibpsenj56snypdjdhgque2elqefulcacjmchqrh2indx7a53zmnzi", "protocol": "undefined"}, "website": "https://framelaunch.xyz", "bannerImg": "bafkreihfzfpy6oydwmv7bg5mepqljhay5cv52mbbryrzwuatwryvc6hul4", "createdAt": 1727199941272, "userGithub": "markeljan", "credentials": {}, "description": "FrameLaunch Overview\nInteractive Token Launches via Farcaster Frames\n\nFrame-Based Token Launch: Transform Farcaster Frames into a launchpad for new tokens. When a creator launches a frame, a single, unified contract manages the entire token lifecycle.\n\nSingleton Contract Functionality: This central contract handles all aspects:\n\nBonding Curve Management: Determines token pricing based on supply and demand.\nRewards Vault and Distribution: Accumulates fees and distributes rewards to eligible users.\nLiquidity Provision: Automatically moves liquidity to Quickswap upon reaching specific thresholds.\nUser Engagement Tracking via Farcaster: Users eligible for rewards are tracked through their interactions on Farcaster. Actions like liking, commenting, or sharing are recorded on-chain by the singleton contract.\n\nMechanics and User Flow\n1. Frame Creator's Actions\nMinting the Frame: The creator crafts a post and mints it as a Farcaster Frame, initiating a new token launch.\n\nUtilizing the Singleton Contract: Instead of deploying individual contracts, the creator leverages the existing singleton contract, which manages all token-related functions.\n\nSetting Parameters: The creator customizes parameters within predefined limits:\n\nInitial Token Supply\nTransaction Fee Percentage\nLiquidity Thresholds\n2. Singleton Contract Functions\nBonding Curve Management:\n\nDynamic Pricing: Adjusts token prices based on the bonding curve model (e.g., linear, exponential).\nSupply Control: Manages token minting and burning to maintain economic balance.\nRewards Vault Management:\n\nFee Accumulation: Collects a percentage of each buy/sell transaction into a rewards vault.\nOn-Chain Tracking: Records user engagements on Farcaster to determine reward eligibility.\nLiquidity Provision:\n\nThreshold Monitoring: Tracks when certain conditions are met (e.g., total tokens sold).\nAutomated Liquidity Addition: Moves a portion of liquidity to Quickswap, enhancing market accessibility.\n3. User Interaction\nPurchasing Tokens:\n\nDirect Buying: Users can buy tokens directly from the frame interface.\nBonding Curve Pricing: Purchases are executed at prices determined by the singleton contract's bonding curve.\nSelling Tokens:\n\nContract Sell-Back: Users can sell tokens back to the singleton contract.\nQuickswap Trading: After liquidity provision, tokens can also be traded on Quickswap.\nSocial Engagement:\n\nOn-Chain Activity Recording: Likes, comments, and shares are tracked by the singleton contract.\nReward Eligibility: Engaged users become eligible to claim rewards from the frame's vault.\n4. Rewards Distribution\nEligibility Criteria:\n\nEngagement-Based: Only users who interact with the frame on Farcaster are eligible.\nTransparent Tracking: The singleton contract maintains an immutable record of eligible users.\nClaiming Rewards:\n\nDistribution Schedule: Rewards are claimable at set intervals or upon specific events.\nFair Allocation: Rewards are proportionally distributed based on the level of engagement.\n5. Liquidity Transition to Quickswap\nAutomatic Liquidity Provision:\n\nTrigger Points: Predefined thresholds (e.g., total volume sold) activate liquidity moves.\nSmart Contract Execution: The singleton contract handles liquidity addition without manual intervention.\nEnhanced Market Dynamics:\n\nExternal Trading: Tokens become available on Quickswap, increasing exposure and trading opportunities.\nPrice Discovery: Open-market trading helps establish a fair market value for the token.\nTechnical Implementation\n1. Singleton Contract Design\nUnified Management:\n\nEfficiency: Reduces redundancy by eliminating the need for multiple contracts.\nConsistency: Ensures uniform rules and operations across all token launches.\nModular Architecture:\n\nUpgradeable Components: Allows for updates without disrupting the entire system.\nSecurity Focus: Simplifies auditing processes and reduces potential vulnerabilities.\n2. Farcaster Integration\nOn-Chain Engagement Tracking:\n\nSmart Contract Interface: Connects Farcaster's social actions with blockchain records.\nImmutable Records: Ensures engagement data is tamper-proof and transparent.\nUser Interface Enhancements:\n\nInteractive Frames: Users can trade tokens and engage socially within the same interface.\nReal-Time Updates: Displays live token prices, available rewards, and engagement metrics.\n3. Polygon Network Utilization\nScalability and Speed:\n\nHigh Throughput: Handles large volumes of transactions with low latency.\nCost Efficiency: Minimal gas fees encourage user participation.\nInteroperability:\n\nDeFi Integration: Seamless interaction with platforms like Quickswap for liquidity and trading.\nCross-Platform Compatibility: Supports potential expansion to other networks if needed.\nEconomic Model and Incentives\n1. For Frame Creators\nRevenue Generation:\n\nTransaction Fees: Earn a share of the fees collected from token trades.\nIncreased Influence: Successful frames boost the creator's reputation and following.\nContent Monetization:\n\nDirect Earnings: Monetize content creation through token launches.\nCommunity Building: Foster a dedicated audience invested in the creator's projects.\n2. For Users\nInvestment Opportunities:\n\nEarly Access: Participate in new token economies from inception.\nPotential Gains: Benefit from price appreciation driven by bonding curves and market demand.\nRewards for Engagement:\n\nMonetized Social Actions: Earn rewards simply by interacting with content.\nCommunity Participation: Influence token success through collective engagement.\n3. For the Ecosystem\nEnhanced Activity:\n\nUser Engagement: Drives platform usage and retention.\nEconomic Growth: Increases transaction volume and liquidity within the Polygon network.\nInnovation Promotion:\n\nNew Use Cases: Expands the possibilities of DeFi and social media integration.\nEcosystem Expansion: Attracts developers and users to Polygon and Farcaster.\nAligning with Grant Objectives\nConsumer Product Innovation:\n\nUser-Friendly DeFi: Simplifies complex financial interactions into accessible social actions.\nEngaging Experiences: Creates compelling content that encourages widespread adoption.\nSocial Commerce Advancement:\n\nIntegrated Trading: Merges commerce with social engagement seamlessly.\nCommunity-Driven Growth: Leverages social networks to amplify reach and impact.\nDriving Polygon and Farcaster Adoption:\n\nShowcase Capabilities: Demonstrates the potential of both platforms in real-world applications.\nAttracting New Users: Low barriers to entry encourage participation from non-crypto natives.", "lastUpdated": 0}, "recipient": "0x42e9c498135431a48796B5fFe2CBC3d7A1811927"}}