Project Name: BetFI: Decentralized Gaming and Finance on Zenon
Description: BetFI is an innovative platform aiming to revolutionize the online gaming and decentralized finance (DeFi) sectors through a unique suite of decentralized applications (dApps) on the Zenon network. Our project involves creating a range of online games (including Roulette, Price Prediction, Fortune Wheel, Lottery, and Sports Betting), a Decentralized Exchange (DEX), and an Earn platform, all 100% on-chain and transparent. This initiative is crucial for Zenon’s success, as it expands its ecosystem by integrating entertainment and finance, attracting a diverse user base, and promoting the use of ZNN tokens. By enabling users to host gaming rooms with their tokens, we introduce a novel way of generating passive income, thereby enhancing token utility and network activity in both the short and long term.
DApp discussion URL: https://forum.zenon.org/betfi-decentralized-gaming-finance
Team: Our team comprises three co-founders and three employees with diverse backgrounds in blockchain technology, software development, finance, and gaming. With experience in successfully bootstrapping projects and launching innovative products in the Cosmos ecosystem, we possess the skills and resources necessary to execute this ambitious project. Our hands-on experience and commitment make us the ideal candidates to lead this initiative and ensure the effective utilization of Zenon’s funds.
Pitchdeck: BetFI - Pitchdeck.pdf - Google Drive
High-Level Roadmap: The project is divided into five phases, each contributing unique value to the Zenon community.
Phase 1 High-level overview of main tasks:
- Develop and launch Cosmos to NoM bridge.
- Open-source bridge development for community use.
Completion of Phase 1 will be measured by:
- Successful deployment of Cosmos-NoM bridge.
- Bridge adoption and usage by other projects.
Phase 2 High-level overview of main tasks:
- Launch first game on Zenon.
- Develop and deploy DEX.
Completion of Phase 2 will be measured by:
- Active user engagement in the game.
- Functional DEX on Zenon.
Phase 3 High-level overview of main tasks:
- Develop and launch the second game.
- Develop and launch Earn platform.
Completion of Phase 3 will be measured by:
- Successful game and platform deployment.
- User participation and feedback.
Phase 4 High-level overview of main tasks:
- Launch two additional games on Zenon.
Completion of Phase 4 will be measured by:
- Increased gaming options.
- Enhanced user interaction and network activity.
Phase 5 High-level overview of main tasks:
- Develop and launch the final game.
Completion of Phase 5 will be measured by:
- Completion of the gaming suite.
- Overall growth in network engagement.
Total Requested Funding = 110k ZNN Project Duration = 9 months
Budget Calculation: The budget is based on estimated development hours, market research, and resource allocation necessary for each phase. The rate per hour is calculated based on current industry standards and the skillset required for blockchain development. The market price of ZNN is considered at the time of budget formulation. A premium is included for project risks and opportunity costs, ensuring project sustainability and team motivation.
Project and Payment Milestones:
Phase 1 Funding Request: 20% (22k ZNN) Duration: 2 months
Phase 2 Funding Request: 18% (20k ZNN) Duration: 2 months
Phase 3 Funding Request: 18% (20k ZNN) Duration: 2 months
Phase 4 Funding Request: 27% (30k ZNN) Duration: 2 months
Phase 5 Funding Request: 17% (20k ZNN) Duration: 1 month
Risks, Assumptions, Known Issues, Dependencies: Key risks include technological challenges, market volatility, and user adoption rates. Contingency plans include flexible development strategies and constant community engagement for feedback. Dependencies include the stability of the Zenon network and cooperation with other blockchain projects for bridge functionality.
Previous Proposals: This is our first proposal submitted to the Zenon community. We are eager to demonstrate our capabilities and contribute to the network’s growth.
Additional graphs, images, and data showcasing project details and expected outcomes will be added as necessary.