Launches: Metatrone Defi NFT marketplace

Metatrone

website: https://metatr.one/

Application type

Product Launch

Proposal overview

Metatr.one is the Defi NFT run by MetaPunks on Harmony mainnet. Launched on November 4 / 21 with the goal to become the leading marketplace platform on Harmony network. Metatr.one’s core values are accessibility, decentralization, and world-class user experience, with a focus on creating an inclusive environment for creators and consumers alike. The first marketplace sale happened on 12 of December 21

We support 721 and 1155 tokens as well as collections of any size from 1 to 100k items.

Marketplace DeFi

The commission is used to purchase $MET token from and distribute it between Liquidity Providers(90%) and Metapunks (10%).

While the core LP rewards for the $MET token are a strong mechanic in their own right, we are currently exploring other options to further enhance the utility. Currently, our most likely candidates for further utility are an NFT pawnshop and bid to promote features given the rapid growth of the platform as of late.

Creators

Metatrone makes it easy for artists to publish their works on the blockchain so that their customers can buy with confidence, and fully understand the piece’s provenance. Our marketplace makes it easy to connect with customers, and our DeFi innovations, including the NFT LP model, offer their collections a competitive advantage in the growing NFT market. Whether you’re focused on creating 1/1s or a collection of 10000 PFPs, there’s no better place to publish on the Harmony Blockchain.

Collectors

Metatrone’s marketplace makes the experience of finding and purchasing NFT’s a joy. Our robust marketplace allows users to discover new artists and grow their NFT collection with confidence. Our Defi innovations solve one of the biggest problems in NFT collecting, lack of liquidity. Our NFT LP model ensures there is always a liquid floor price, allowing users to collect with confidence, knowing they can easily sell their NFT for the LP floor price if the need ever arises.

Metatrone DAO

Metapunks was the first NFT LP launch on metatr.one, but it is so much more than that. The goal for this project is to become a staple in the collections of our strongest supports, those who truly share our values. We are already seeing active engagement from community members, and have been fostering this by promoting them within the organization. Our broader team is also becoming part of the MetaPunks movement. We see this as an opportunity to create a truly decentralized organization with broader DAO mechanics. We plan on using MetaPunks NFT ownership to grant rights to vote for DAO proposals in the future.

State of the product

  1. Marketplace on mainnet

  2. Numerous UI improvements since launch

  3. Free mint and IFPS support

  4. Turn over in the first month 8580 $ONE

  5. Commission in the first month 429 $ONE

  6. 60k$ liquidity between Sushi and Viper

  7. 20 First generation NFTs sold in 6 minutes

  8. 200 MetaPunks was sold in the first hour

  9. 150 $MET active holders

Objectives

  • Maintain and update the marketplace.

  • Monitor and secure platform.

  • Connect global artists to Metatrone.

  • ConnectNFT gaming developers to Metatrone.

  • Increase the number of users, artists, and $MET holders.

  • Create more utility for $MET token on the platform

Deliverables

  • Advanced artist’s profiles

  • Search/Filter NFTs

  • Rarity tag and search

  • On-chain data API

  • Bid, Auction, Offer

  • NFT exchange

  • NFT details: advanced analytics

  • Collection stats: advanced analytics

  • Transaction history

  • Notification via email

  • Visual snippets for NFT links

  • SEO optimization

  • 700 MetaPunks

  • Bid to promote (MET utility) Q1

  • Pawn (MET utility) Q2

Proposal ask

50000 USD

  1. $10K after launching a feature-complete product on testnet

  2. $10K after forming a DAO with 5-out-of-9 multisig

  3. $10K after launching on our mainnet with audit

  4. $10K after 1K daily active users

  5. $10K after 10k daily active users (with a detailed roadmap, governance process)

Asset allocation

Harmony RPC node

Increase team (backend / frontend / marketing)

Events (educational and entertainment)

Connecting global artists to Metatrone

Metrics for success

10000 NFT collections on the platform

1000000 $ONE daily volume

Contributors

Ivan Kraft

Co-founder & CEO

Full-stack marketing executive with strategic and operational experience, both in b2c and b2b markets. +due diligence. +programming +creatives&ip +crypto +sport.

previously

Marketing Strategy and Business Development at Pegafund

Head of marketing at Arctic15

10 years of interim work

corpoRAT

Co-founder & CTO

10+ years experience in programming.

Mitry

Operations manager

10 years of operational experience, system design, team management

Milkaa

Senior frontend developer

10+ years experience in programming.

Honda

Artist relationship and marketing coordinator

5+ years in SMM, PR, project management.

Broader DAO

Metatrone’s broader team has 19 members that have different skills and experience. They helped us to create liquidity at the beginning and supported us through every step. Community spun out from our Helsinki Crypto Club, Metapunks owners, and interns.

DIfferent experts such as

Marketing Managers
MetaPunks artist in chief
Discord community manager
Copywriter
UX / UI
Designer
Projects manage
Business analyst
System administrator

Sustainability

Self-sustainable operational profit

External links

Website - https://metatr.one/

Documentation - https://docs.metatr.one/

Explorer - Harmony Blockchain Explorer

9 Likes

Welcome to Harmony, Karft! Glad to see the project wanting to continue build on Harmony. I see this is submitted under the Launch category.

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.

In all cases, we ask for 3-month exclusive campaigns with Harmony before more porting with other chains. We also offer follow-on investments – see 50 Investments ($20M) above; but, at the moment, you must have an outside, lead investor for us to match the funding terms. All codes, development materials and production assets must be fully open, preferrably with MIT or BSD licences; weekly updates must on sent on forum; and, all server deploys or mobile apps must be easily clonable.

Can we agree to the above terms?

2 Likes

Hello and thank you for your prompt reply
We agree to the terms above. :blue_heart:

2 Likes

Thank you Metatr Team!

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.

Funds will be released upon completing these milestones

$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)

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. Join the Harmony Grants Telegram channel to share your story and to gain partnerships there by growing your own ecosystem.

Please join the Harmony Grants Telegram channel and Harmony’s Discord server.

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

3 Likes

congratulations my friends from metatr.one @Kraft

looking forward to seeing testnet iteration and dao soon!

2 Likes

loving this platform already, those who know know how much I appreciate this Dapp looking forward to more success and more milestones

4 Likes

Congratulations. I wish you a successful development!

1 Like

Dear Metatroneans and Harmony community,

We very much appreciate the $50k grant offer from the Harmony fund and excitedly accept. We want to thank Harmony and the Metatrone community for their support, we couldn’t have gotten this far without them. We’ve taken a bit of time over the past couple weeks to identify the most important functionality to enhance our users’ experience and power our growth, as well as answering frequently asked questions. These past couple of weeks have been absolutely crazy as a result, but the team has never felt more passionate about the project and is excited to deliver a product that will exceed all your expectations. :tada: :tada: :tada:

Grant Progress

We have provided KYC information as requested to the Harmony team.

Stage 1 - Testnet

https://metatr.one:8443/#/

We shipped the featured full product (V1) to testnet for your consideration. We’ll let you in on a little secret since you’ve made it this far in the post… We are already working on V2 that is going beta next week most likely :shushing_face:

Stage 2 - Multisignature Treasury Wallet

A multisignature wallet with 3 community members and 3 members of the team has been created.

List of members: vFat + IndianaAltzz + Shestov + Kraft + MitryDo + Froggie

View on Gnosis

Update on Metatrone

At the moment we are fully focused on 3 core activities:

  1. We are moving our frontend JS framework to Svelte, and are rebuilding the marketplace practically from scratch. The outpouring of support over the past month has made us realize there is much more demand for our product than we originally imagined. We made the decision to rebuild a stronger foundation now, as we would have outgrown the existing one in well under a year.

  2. UX overhaul to create mobile-first experience, adding new features like sorting, filters, launchpad for NFT collections, advanced analytics and most of the things that are in the roadmap.

  3. LP staking reward program to share commission profits plus a portion of the treasury that was allocated to reward early LP providers. We are confident that in time, platform commission alone will be sufficient reward for staking. We are working on an LP staking reward formula. The main challenges are combining static and injected rewards into one formula, and ensuring that we can use more than one LP pair provider in a contract. If anyone has experience solving either of these, drop us a message on Discord!

Milestones

Obviously, the last couple of weeks was sensational for the Metatrone family. In the last 30 days, Metatrone NFT Marketplace has reached 108 countries, of which :earth_americas: the top 3 countries are the US, UK & Indonesia.

:large_orange_diamond: More than 250+ artists onboarded in two weeks

:large_orange_diamond: 2000 NFTs are listed for sale

:large_orange_diamond: Total number of imported NFTs exceed 100K

:large_orange_diamond: Marketplace turnover has reached 100K+ ONE

:large_orange_diamond: New users: 4,8K

:large_orange_diamond: Daily users: 800

:large_orange_diamond: Tweet impressions 108K (28days)

Thank you for taking the time to read our update
If you have any questions, please contact customer support on discord

8 Likes

the testnet milestone has been funded: Harmony Blockchain Explorer

2 Likes

Hi @Kraft,

Great clean marketplace you have going! Would like to hear more on your next milestone.

Thank You

Hello Metatronians and people of Harmony,:blue_heart:

The past month has been a busy one for our team, and we have delivered a ton of new features in addition to an updated roadmap.

The new marketplace smart contract is now live and verified on the blockchain for public audit, with multiple professionals from our network examining the contract. We are sure that the contract will meet the audit requirements.

Here is a comprehensive list and explanation of the new features that we have added to our platform.

Cashback

Cashback is definitely the largest feature we have rolled out so far. Every NFT purchase on our platform has 1.5% cashback for both the buyers and sellers in the form of $MET. This $MET is acquired from the initial 5% purchasing fee in $ONE, of which 1.5% for each the buyer and seller in $ONE are swapped for $MET on the Sushiswap $MET/$ONE pair. Additionally, the remaining 2% of the purchasing fee goes to LP stakers which provides an economic incentive for people to provide liquidity for the $MET token. In effect, LP stakers are given the opportunity to earn based on NFT sale volume on our platform.

Free listing and price update

Users can now enjoy free NFT listings on our platform. To achieve zero fees, we use signature methods that block old signatures, preventing unwanted purchases and sales. Zero listing fees create a frictionless NFT listing experience for our users.

Metadata filters

A trait search function for NFT collections has been added to our marketplace. By making it easier for users to filter traits, we have now opened up the possibility for larger collections on Harmony to engage with our marketplace. This feature is now live and can be tested on our website metatr.one.

SEO and UX

NFT personal pages have also been added on our platform. Users can simply click on the name associated with an NFT to reach their user page.

We have also added automatic SEO for snipped and meta generation for NFT collections and single NFT

Stage 2 - Multisignature Treasury Wallet

A multisignature wallet with 3 community members and 3 members of the team has been created.

List of members: vFat + IndianaAltzz + Shestov + Kraft + MitryDo + Froggie

View on Gnosis

Stage 3 - Smart contract verified

The new and latest version of the marketplace smart contract with cashback and other new features is live and verified on the blockchain.

View on Explorer

@cheualx

3 Likes

Sounds like you may need a few more signatories for your multisig.

1 Like

Hello Metatronians and people of Harmony :blue_heart:

Thank you @giv and @cheualx for explaining the right DAO configuration.

We spent several weeks preparing and shaping our DAO. We have fantastic community support and we will continue to upgrade our structure and integrate the management model in the near future.

The new board of governors

Froggie (Team)
0x9461535ABA847AA2F78D7752c6E144cBf2a2E43E

Kraft (Team)
0xC41543427E78E5720Da4927E3749bd7F013f03EE

Sebastian (Team)
0x2bE58A0882acbD39989076d739DF7Cb7AF7F6CB

Hank the Crank (DAO rep)
0x65B69Da3D9Aa99cb81ECF908FB25656856c957A6

Mando (DAO rep)
0xdcCf033ef16d4D57b373D5ef27F12528cb421712

vfat (DAO rep)
0xeF0Ca09fbf9a5f61E657Fb208b46b8685c1d4766

Shestov (Community and DAO rep)
0x4e9A024d53D7E7d4E64a5d958F8F72Eb2857d334

Space - Community
0xFaA0fB4e7FeD0B0A78fc1B22815032D46e6FF042

Mitry - Community
0xCDBd16195E965fC9B1d3687EED413879c3DB5A9F

https://multisig.harmony.one/#/safes/0x5248fC4AC540B3E31414D23e7Cd67aa53832307F

3 Likes

Congrats on establishing your governors! We’ll go through the funding shortly.

$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).

2 Likes