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Hack0x

hack - the status quo. hack0x is a decentralized venture studio to create unsupervised, exponentially innovative projects in the web3 space. we use profit-sharing to disrupt the founder<>proprietary paradigm - and create a sustainable model for open-source and public goods.

Hack0x

Created At

Superhack

Project Description

an hacking collective to disrupt the proprietary software paradigm and bring decentralized, sustainable business models and long-term returns to open-source and public goods

now, if you are here chances are that you already heard of things like the tragedy of the commons or how often highly innovative, tech-based projects try to create positive impact in the real world but at some point they run out of funds, and boom they get abandoned

or how hard it is for a dao contributor to rely on a certain income how hard it is to measure the value that each member brings to a project and all that jazz

well, that’s why we have built hack0x a profit-sharing dao backing a platform to create, build and invest in decentralized projects

How it's Made

the core of our architecture relies on a safe dao newcomers can join it by signing our on-chain manifesto and pledging 10 ops

after that, they will receive an EAS attestation, and will be able to interact with our dapps contracts

the main contract is the project factory from this simple flow you can add title, description, and the skills needed for your project - as well as an important parameter that we call “predictive value”

the predictive value allows the algorithm to calculate both “investments” and “contributions”

as “merit” – the weight that each member of the collective has, both at project level, and in the general dao

after a project has been created, it will be available from the project market as a pretty-looking card that dao members can select through different filters such as project type, or skills needed and join through a quest, or fund through an investments

whenever a project becomes profitable, or attract hackathons prizes the individual weight of a member allows the protocol to distribute funds in 2 steps 60% to the project’s members 40% to active members of the dao

eas is the stronghold of our meritocratic economy not only we use it to issue members attestations whenever a new member joins in but also by backing the project room – from which members can create internal tasks for their project and assign it a varying weight between 1 and 5 points

whenever a task is complete, the member who completed it will receive the equivalent of that task’s weight in $MERIT, our non-transferable, contribution token

in just a few days, we were able to meaningfully integrate safe for dao + project orchestration, use eas for a brand-new, meritocratic economical model, and deploy our main contracts on optimism gorli to leverage on optimism's existing retropublicgoodsfunding, and use our protocol to support further democratization of the ecosystem

together with the orchestration aspect, we are relying on safe{core} to build a web2-like ux based on account abstraction and meta-txs – that you can already check from our frontend, deployed on the link in the description

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