HackathonAttestation

Challenges in Hackathon-based projects. It's very tough! 😢

1. Many projects struggle with insufficient funds.
2. Sponsors face difficulties in monitoring and evaluating the progress of projects.
3. Uncertainty about user adoption and engagement.

In the context of post-hackathon support, attestation from strong investors, early donations from potential users, and strong financial incentives tied to milestones can effectively contribute to a project’s success.

1. Attestation from Strong Investors: After a hackathon, securing support from reputable and experienced investors can significantly benefit a project. Such backing not only provides funding but also offers credibility and validation. Investors often have industry connections and expertise that can help guide the project toward success. Additionally, their endorsement may attract other investors and create a positive image for the project in the market.

2. Early Donations from Potential Users: Receiving early donations from potential users after a hackathon can demonstrate a genuine interest in the project and validate its value proposition. It shows that people believe in the idea and are willing to support its development financially. This early support can also create a strong user base and foster community engagement, which may lead to invaluable feedback, word-of-mouth marketing, and user-driven growth.

3. Strong Financial Incentives upon Reaching Milestones: Offering strong financial incentives to the project team if they reach specific milestones can help keep them motivated and focused on achieving their goals. By tying incentives to the accomplishment of milestones, project teams are encouraged to work diligently and efficiently, leading to a higher likelihood of success.

So, we believe this could effectively work, we propose a seamless donation ecosystem based on attention and voting.

Key Features

Our product benefits all parties involved...

• Sponsors can effectively support and monitor projects
• Project owners receive the necessary funding and validation based on their performance
• Donors can confidently contribute, knowing that their donations are tied to the achievement of milestones and can be refunded if the project does not meet expectations.

This creates a win-win situation for everyone involved in the project’s development and growth.

Overview

https://github.com/ZaK3939/ETHGlobal_TOKYO/blob/main/hackahon-overview.png

Contract

https://gnosisscan.io/address/0xb76BdAAf88679FaCb2108179f146dc77bD5CaFDb

Our product uniquely combines OP Attestation, oSnap, and Gnosis Safe to create a secure and accountable system for receiving donations upon achieving specific milestones.

1. OP Attestation: By integrating OP Attestation into the product, we can establish a system where sponsors can make attestations about project owners and their Ethereum addresses. This process validates the project’s credibility and ensures that only trustworthy projects can receive donations.

2. oSnap: Our product leverages oSnap’s benefits, such as decentralization, security, flexibility, and interoperability, to facilitate an efficient and reliable donation system. With oSnap, we can create customized smart contracts tailored to each project’s needs and milestones. This ensures that donations are only released when projects achieve specific milestones, providing a level of accountability for project owners.

3. Gnosis Safe: By incorporating Gnosis Safe, our product provides a secure decentralized custody solution for managing collective assets. This platform enables secure funds management, ensuring that donations are safely held until projects meet their milestones.

Build on Gnosis Chain

Gnosis Chain stands out in the blockchain space due to its cost-effective safe usage and stable, dollar-pegged gas pricing. These features make it a compelling choice for our system.

Detailed Flow

https://github.com/ZaK3939/ETHGlobal_TOKYO/blob/main/flow-of-system.png