Ambass

A platform to incentivise community/fan for projects(art/movies/literary/social)/cause for playing the role of ambassadors to make the project/cause successful.

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Inspiration

Today in the age of social media, user and user generated content plays a vital role in making a product/services successful. The fan following of an endeavour/project such as movies/music/book etc play the role of ambassador in spreading the reach of the project to wider audience. With this view in mind, i have been visualising a platform which can provide a service to user for participating in making a chosen project successful as well as earn while doing so. Also the platform helps low budget project creator to create public campaigns for the projects for user/fan to join and distribute some of the earning.

What it does

With this vision in mind, i am creating #"Ambass" platform. It has its own token #"AMB" which allows a create to create campaign specific SubTokens. These subtokens will be pegged again platform token AMB and a creator can choose how much token can be distributed to users via final distribution(Distro) and via initial AirDrop. Once a campaign is created, it is denominated with is subtoken and user can join the campaign after acquiring the campaign subtoken. Once a campaign achieves its objective, campaign owner distributes all the campaign subtoken to campaign users.User can exchange the subtokens with platform token AMB for joining future campaigns. User will also be able to surrender AMB token.

How we built it

The most important step for me was to determine how to reward the fans while making each project campaign having it's independent subtokens. The value of each subtoken will depend on the perform objective of the campaign while pegging subtokens with AMB. While the tokenomics is still in progress, i went ahead and build contracts for platform token as well as for creating subtokens. Once the smart contract took some share, then created a simple frontend application to follow through the main flow.

Challenges we ran into

The major challenge i faced was to design the token economics, which is still in progress. Apart from it the major implementation challenge includes the subtoken design and saving the meta data off-chain. As of now minimal on-chain data is being stored.

Accomplishments that we're proud of

Ambass is just a concept as of now but putting an idea into action have been a proud step.

What we learned

Learning about the Web3 stack, how to think and research about token economy specially tokenising a body of work involving real word efforts.

What's next for Ambass

A lots of moving parts such as subtoken pegging conversion, subtoken surrender, platform token surrendering, platform token minting, designing services for gathering success/failure metrics for automating campaign airdrops and distro.

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