Name of Project
Chedda is an NFT launchpad and rewards platform where users are incentivized to contribute and win NFTs and other prizes in the process.
Chedda solves the problem of fair NFT launches and airdrops by using on chain raffles to determine winners of prizes. Chedda also makes it possible for projects to automate the process of verifying off-chain user engagement to qualify for NFT giveaways.
The platform consists of multiple dapps; a Dappstore, an NFT Market, NFT Launchpad and Rewards Leaderboard based on user activity. The user experience is heavily gamified in the following ways:
- Earn Chedda XP (non-transferrable token) for contributions (ratings, reviews, voting).
- Rank on leaderboard based on Chedda XP earned in a given time period and win the platform utility NFT (Chedda NFTs).
- Enter raffles to win NFTs, whitelist and airdrops for projects launching in the market and dappstore. The number of raffle entries are determined by a users Chedda XP and NFT balance. Each Chedda NFT has a set number of raffle tickets, with higher ranking NFTs offering more tickets. Thus, more active users have a higher chance of winning.
The Chedda Network is a multi-dapp/multi-chain platform is made up of the following dapps:
The Chedda Dappstore provides a gamified experience where users can discover new interesting projects and interact with their favorites. Users rate and review dapps to provide insights to other users, earning Chedda XP in the process. Dapps can also run campaigns in the Drops section (see below) to further engage users and reward them.
The Chedda NFT market is a curated market where select talented artists and niche NFT projects can connect with their audiences. User-engagement is also built into the market. The problem of fair NFT launch is a very common one with many projects having to re-invent the wheel for each launch. Chedda Network fully automates the solution to this problem efficiently by bridging off-chain data to the smart contract layer allowing winners to be whiltelisted to mint NFTs on-chain without manual intervention. Users trade these prizes and other NFTs listed in the market.
User activity on Chedda is rewarded with Chedda XP. The Rewards module provides a leaderboard that ranks users based on their activity level within a given time period. The most active users at the top of the leaderboard win a Chedda NFT, which is the utility token on the platform. Chedda NFTs entitle the holders to raffle tickets to enter draws for NFT drops and airdrops. Chedda NFTs have a graduated ranking system, where users can level up over time, earning more valuable NFTs which offer more raffle tickets and other perks. The ranking system is based on mafia ranks, where users start our as an Associate, and over time, can graduate through the ranks, ultimately to Godfather. Each rank is represented by an NFT.
The Drops module governs NFTs launching in the marketplace and airdrops for projects listed in the dappstore.
Chedda aims to be the most fair NFT launch and airdrop platform that does away with gas wars and the dominance of bots by awarding prizes by on-chain lottery. To enter a lottery, a user must hold Chedda XP or Chedda NFTs. The number of lottery tickets is determined by the rank of Chedda NFT the user holds.
NFT giveaways, have become a popular way to distribute tokens. In these giveaways, users are typically required to complete tasks off-chain, such as follow a twitter account or retweet to qualify. It is usually a manual, time intensive task to verify entries and select winners in a fair manner. Automated verification of the completion of off-chain activity is handled by Chedda’s hybrid smart contracts, using Chainlink Any API integration and signed messages. Thus, NFT drops and airdrops that want to engage their users and have them complete specific tasks to gain access can automate these processes with Chedda Protocol.
Chedda will partner with such projects to have fair NFT launches, without having to build the infrastructure to do so.
This is a service we will provide to other projects in the Harmony ecosystem.
With Chedda, projects can reward their users on-chain for off chain activities, bridging off-chain data onto our smart contracts.
We are in active development with our smart contracts and dapps deployed to the Harmony ONE testnet.
We have completed most features of the dappstore and NFT market. We are on track to complete the Rewards and Drops sections in the coming weeks.
Additional work to be done includes redesigning to optimize the UI/UX ahead of main net launch.
$10K after launching a feature-complete product on our testnet
$10K after forming a DAO with 5-out-of-9 multisig with our DAOs
$10K after launching on our mainnet with smart contract audit
$10K after 1K daily active users (with launch video, full PR promotion)
$10K after 10k daily active users (with a detailed roadmap, governance process).