DELO is a multichain decentralized lottery share all protocol fees DELO holders

Funding Proposals Grants
1

DELO is a multi-chain decentralized lottery share all protocol fees DELO holders

PROPOSAL OVERVIEW

cover twitter
cover twitter6000Ă—2000 480 KB

DELO is a multi-chain decentralized lottery managed by DELO holders. Token holders will act as shareholders of the protocol and benefit from the operation of the platform.

As a decentralized application, DELO providers our users with security, fairness, and transparency throughout the entire platform experience. The automation provided by the smart contract ensures that every lottery has a fair outcome.

PURPOSE

The purpose of registering this program is that we want to receive support from Harmony ONE for the cost to develop the project. In addition, the project hopes that through this program, it will receive communication support in the Harmony ONE ecosystem.

HOW TO GO MARKET

Our plan to bring the product to market is as follows:

  1. We have a list of about 300 KOLs who are YouTubers in the blockchain space to work with. We will communicate through these YouTubers about the project and engage the community about the groups we manage. In addition, we also organize AMA sessions with many communities. To do this, the project needs a sufficient budget for implementation.

  2. Retroactive: Our project is a sustainable business model, but the model is a lottery, with the modification of the usual lottery model, we make this project somewhat similar to the GameFi model ( Click To Earn). Therefore, we use the majority of Tokens to Airdrop to the community of players, the more you play, the more Airdrops you will receive. The amount of this Airdrop Token we will pay with xDELO (A type of token with no liquidity), users can only use xDELO for Staking and share the fee of the protocol, for the entire amount of airdrop tokens for users, then users can receive per block for 12 months, this helps the project keep good liquidity, but users still receive the benefit of sharing the protocol’s fees.

  3. Advertising program through Google Ads to Target to specific groups of Youtube channels. A member of our Marketing team is the Head of Marketing at the Luna Rush project (A GameFi project with a great reputation and players on the BNB bottle network), he will use his skills and experience at Luna Rush to drive user growth for the project.

We are already in the MVP Test phase. Our development team members are spanish, we originally wanted to build on AVAX ecosystem first, so our MVP Test version is on AVAX. However we are currently taking feedbacks from a community of original project supporters (500 members) to launch V2 before mainnet.

We are planning to build on the Harmony ONE system in the next few weeks.

We need as much funding as possible, as much as possible to use for community development.

Now that we have the MVP Testnet, we can evolve to Harmony ONE in just a few days if we push fast. We are now in the process of documenting the Pitch Deck to raise investment from the Private - Sale round, as well as preparing for the community growth promotion and the upcoming IDO plan.

We look forward to receiving Harmony ONE’s financial and communication support for the project to promote the project’s growth.

ABOUT TEAM

About the project team, we have 4 co-founders including:

  1. Ryan Ho. He has 8 years of working experience in Marketing and Financial field. He is in charge of Community and Partnership activities. In addition, he is also a Micro KOL with a reputation for in-depth market analysis.

  2. Alfonso. He has 3 years of working experience in Blockchain field. He is currently CTO at Myconstants. He is the CTO of the project.

  3. Tuan. He has 12 years of experience as CTO of many technology startups. He is currently Head Of Data Analytics at Thetan Arena (A hit GameFi project on the BNB Chain network). He is in charge of being the BO of DELO project.

  4. Matheo. He has 6 years of experience in the field of outsourcing sales, BOT sales… Currently, he has only been moving to Blockchain for 1 year. He joined the Team as Tech Lead of the project.

PROPOSAL ASK

We’re asking for $50,000

METRIC FOR SUCCESS

The measure for the development of the project is the number of users participating in playing each day on the protocol is 2,000 - 20,000 rounds/day.

EXTERNAL LINKS

Project MVP Test: www.delo.ai
Docs: What's DELO? - DELO
Version 2 Design: DELO.pdf - Google Drive

3 Likes
2

This proposal fits best to the Launch grant based on the guidelines at Apply for Grants or DAO

Applications of each launch must have prototyped a feature-full product. Harmony helps incubate these founding teams with product development, fundraising, and talent recruit.
We recommend a $50K equity-free contribution each:

$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 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).

Moreover, we recommend a 5-out-9 multisig account on Gnosis Safe with 3 governors from the project team, 3 governors from the project community, and 3 governors from Harmony DAOs – namely, ONEcommunityDAO, ONEdeveloperDAO, ONEincubatorDAO.

Can we agree to the above terms?

1 Like
3

Yes, we agree with the above target milestones.

4

Approved for $50K Launch grant. Congratulations! Looking forward to seeing this built out with the first milestone for a Testnet Launch built on Harmony :tada:

“Testnet Launch” means launching a feature-complete product on Harmony Testnet. We define feature complete to include a user interface, connection to a wallet (Metamask, Harmony ONE Chrome Extension, etc.) on Testnet, and can be tested end-to-end by at least 100 users.

Meanwhile, to prepare receiving funds, email your identification documents to kyc@harmony.one and create a Gnosis Safe MultiSig wallet at https://multisig.harmony.one and using instructions below
:arrow_right: Setup Gnosis Safe with MetaMask & 1Wallet

Checkout the Funding FAQ for further info at Harmony Funding FAQ. Please join the Harmony Grants Telegram channel and Harmony’s Discord server.

Read about our Harmony Ventures Network program if you are seeking to raise capital.

We’d love :blue_heart: to see weekly updates on this thread here, to keep the community posted on this proposal’s progress!

6

So, is this live on harmony or was this funded to be build on other chain? How does that funding improves the Harmony eco system? Does it bring transaction value on Harmony chain or any other benefits? Honestly to me this is a scam!

1 Like