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Stakes

We have created a platform concept to help creators with a unique business model where users stake their crypto risk-free and receive non-financial benifits for doing so.

Stakes

Created At

ETHGlobal Brussels

Project Description

Centralized platforms have long been exploiting artists and content creators. These platforms often underpay creators and compel them to produce content in ways that align with algorithms designed to maximize engagement and profits, rather than fostering genuine creativity.

Our project aims to address these issues by providing a decentralized and completely free platform to fund and support creators. Fans and Supporters are able to stake a fully refundable amount to let their time work for them, instead of their money. In turn, they get special perks, selected by the artist. Our goal is to revolutionize creator culture by redefining artist freedom, for unconditional creativity.

How it's Made

The key technologies of our project are:

  1. @Dynamics as SSO Tool: We use Dynamics as our Single Sign-On tool, providing a secure login experience for users. This streamlines authentication and ensures security.

  2. @Dynamics SDK and Ethers.js for on-chain interactions: An Dynamics SDK with Ethers library is employed for interacting with the Ethereum blockchain, specifically handling transactions and executing smart contracts.

  3. @Arbitrum Sepolia as a chain for deploying smart contract: For testing purposes, we are using Arbitrum Sepolia, a testnet that allows us to simulate transactions and smart contract interactions in a controlled environment.

  4. Token-Based Purchasing System: Tokens earned by users can be exchanged to the special merchandise or activities from artists, creating an incentive system and adding value to the tokens.

  5. Telegram Bot for Notifications: We have developed a Telegram bot that notifies artists when a purchase is made. This real-time notification system keeps artists informed about their sales and enhances user engagement.

  6. Deployment on DigitalOcean with Docker: Our entire solution is deployed as a Docker container on a DigitalOcean droplet. This setup ensures scalability, easy management, and reliable uptime for our application.

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