TL;DR
This proposal seeks to request funding to support the development of Thundercat Org and seed liquidity for the Thundercat token.
WHAT IS THUNDERCAT ORG?
Thundercat org is a project that aims to develop apps for the Xian network ecosystem integrated with Telegram.
twitter: https://x.com/thundercat_org
github: izikdepth (IZIK) · GitHub
THESIS:
Telegram is the largest chat app with a MAU of 1 billion. In 2023, Telegram introduced Telegram mini apps, allowing developers to integrate web apps into Telegram. Telegram has also integrated a Ton wallet into the Telegram app, making it possible for crypto users to transact within the chat app and chat without leaving the app. With these user experience improvements, projects like the Notcoin tap game have been able to achieve hundreds of millions of users. We believe that the simplicity of Xian and its core selling point (the ability to write efficient smart contracts in Python) could gain mass adoption by integrating Telegram web apps into the ecosystem. We are working on using the Xian Telegram wallet in our web app so users can connect their wallet with a click of a button that takes them to Telegram and back to our app. We have so far created a Telegram tap game with a referral system. We are working on features that would allow our users to interact positively with Xian on other social networks such as Twitter (post, reply, repost), perform tasks such as 1. download Xian extension wallet and create a wallet, 2. download Xian mobile wallet, 3. chat in Xian-related group chats, and earn from a weekly reward pool.
We understand that the best way to onboard users into the ecosystem is by rewarding participation with tradable rewards. This will motivate users to learn more about the ecosystem to earn more. With this in mind, we plan to launch the Thundercat token exactly 7 days after the app has gone live and allow users to withdraw their earned rewards every 7 days after the last withdrawal.
TEST APP:
Interested DAO members can test out the app on the testnet to view our progress.
We would be grateful for all feedback (positive and negative) and would work on improving the project to your taste. Please note that the app is currently being served on ngrok, and ngrok has a limit of 120 requests per minute.
FUNDING AMOUNT REQUEST:
We are requesting a total grant amount of 300,000 Xian and 500 xUSDC. 300,000 will be used partly to seed a liquidity pool for our token and keep a small treasury (to run other activities to support the network), while 500 xUSDC will be used to cover app expenses like server costs, web costs, etc
TRANSPARENCY:
Grant wallets will be publicly labelled on-chain, and expenses will be disclosed to the community (at a bare minimum). The app will go live within 2 days after the funding request has been approved and sent.
GRANT REQUEST WALLET:
e7126c3d78e7fc38d61a8048683185c028b6be1ea11d905fa2ea801dd5d51369
CALL TO ACTION:
We call on the DAO to discuss, critique and approve our proposal.
