Pledgy

Pledgy is a goal-staking app that gamifies personal goal-setting, fostering accountability, engagement, and rewards within a secure and transparent ecosystem. It allows individuals, known as Pledgers, to set ambitious goals and back their commitment with a penalty stake. At the same time, others, known as Challengers, can participate by either supporting the Pledger’s success or betting on their failure, dynamically engaging with the platform through a bonding curve mechanism.

Key Features

1. Gamified Goal-Setting:
   Pledgers define a goal (e.g., daily exercise, financial savings, skill learning) with a deadline and stake a penalty amount to ensure accountability.

2. Community Engagement:
   Challengers participate by staking their support or skepticism. Early participation requires lower stakes, while later entries demand higher contributions, incentivizing timely engagement.

3. Dynamic Bonding Curve Mechanism:
   The bonding curve adjusts the required stake for Challengers based on when they join, balancing the reward pool and ensuring fair contributions.

4. Outcome-Based Rewards:

   • If the Pledger achieves their goal, they reclaim their penalty stake and earn bonuses contributed by Challengers.
   • If the Pledger fails, their stake is redistributed among the Challengers.

5. Secure Authentication with World ID:
   Leveraging World ID, Pledgy ensures all users are verified, unique individuals, preventing fraud and sybil attacks while enhancing trust.

6. World App Integration:
   Pledgy is a Mini App within the World App ecosystem, allowing users to access the platform seamlessly without additional installations. This integration simplifies the user experience and increases engagement.

7. Blockchain Transparency:
   All Pledges, Challenges, and outcomes are recorded on the World Chain mainnet, ensuring transparency, immutability, and fairness.

8. Smart Contract Verification with Blockscout:
   The smart contracts powering Pledgy are verified on Blockscout, providing users with full transparency and the ability to inspect the underlying code.

How It Works

1. For Pledgers:

   • Define a goal and set a deadline.
   • Stake a penalty amount as a commitment to achieving the goal.
   • Work toward the goal and claim the reward upon success.

2. For Challengers:

   • Browse active Pledges and select a Challenge to join.
   • Stake a contribution based on the bonding curve (early entry = lower stake).
   • Share in the penalty stake if the Pledger fails.

3. Verification:

   • World ID authenticates all users, ensuring each participant is a unique human.
   • Pledges and Challenges are recorded and managed through verified smart contracts on the World Chain.

4. Rewards:

   • Success rewards the Pledger with their stake and bonuses.
   • Failure redistributes the penalty stake among the participating Challengers.

Real-Life Use Cases

1. Health & Fitness: A Pledger commits to daily workouts, with Challengers betting on their consistency.
2. Education & Skill Development: A Pledger sets a goal to complete a blockchain course, while Challengers back or bet against their success.
3. Financial Goals: A Pledger commits to saving a specific amount in crypto, engaging Challengers to share in the journey.

Why Pledgy?

Pledgy addresses the challenges of motivation and accountability in goal-setting by introducing a gamified, community-driven mechanism. It leverages blockchain technology and sybil-resistant identity verification to create a transparent, secure, and engaging ecosystem where users are incentivized to achieve their ambitions.

Whether you’re a Pledger striving to meet your goals or a Challenger engaging with the community, Pledgy makes accountability rewarding and fun.

Technologies Used:

1. World ID: We integrate World ID to authenticate and verify the humanity of both Pledgers and Challengers. This ensures that all participants are unique individuals, enhancing the integrity of our platform.

2. World App MiniKit: Pledgy is developed as a Mini App within the World App, allowing us to reach a broad user base and provide a seamless user experience. This integration enables us to leverage the existing infrastructure and user network of the World App.

3. World Chain: Our smart contracts are deployed on the World Chain mainnet, a blockchain designed for human-centric applications. This allows us to utilize unique features such as free gas fees for verified humans and native mobile distribution through Mini Apps.

4. Blockscout: We have verified our smart contracts on Blockscout, an open-source blockchain explorer, to provide transparency and allow users to inspect and analyze our contracts.

Integration and Benefits:

• World ID Integration: By integrating World ID, we ensure that all users are real and unique individuals, preventing sybil attacks and fostering a trustworthy environment. This integration also allows us to offer free gas fees to verified users, reducing barriers to participation.

• Mini App Development: Developing Pledgy as a Mini App within the World App enables us to tap into an existing user base and provide a seamless experience. Users can access Pledgy directly within the World App, eliminating the need for separate installations and enhancing user engagement.

• World Chain Deployment: Deploying our contracts on the World Chain mainnet allows us to leverage its human-centric features, such as free gas fees for verified users and simplified crypto transactions through Mini Apps. This enhances the user experience and lowers the cost of participation.

• Contract Verification on Blockscout: By verifying our contracts on Blockscout, we provide transparency and build trust with our users. Users can inspect our contracts, ensuring that the platform operates as intended and adheres to security best practices.

Notable Implementations:

• Bonding Curve Mechanism: We implemented a bonding curve mechanism for Challengers, where early participants can stake at lower amounts, and the required stake increases as more users join. This dynamic pricing model incentivizes early participation and ensures a fair distribution of stakes.

• Sybil Resistance: Utilizing World ID's sybil resistance capabilities, we prevent multiple account creations by a single user, maintaining the integrity of our platform and ensuring fair participation.

• Seamless User Experience: By integrating with the World App and utilizing its Mini App framework, we provide users with a seamless experience, allowing them to access Pledgy without leaving the app. This reduces friction and encourages user engagement.