Product Launch, Investement and Marketing
The main goal of Monello is to develop a cross-platform bot automation, initially on Discord and then on Telegram, which integrates a solid and fluid tipping system to a series of more complex betting mechanics on games , directly playable on Discord and Telegram.
A different approach to gaming : The bot will be directly connected to the Harmony Blockchain and it will allow users to easily tip and to place bets, using the ONE coin. Regarding the betting system, the bot will permit users to bet on many different games. In fact Monello will initially include simple mini-games, for example as Tic Tac Toe, Align Four, Rock Paper Scissor, Odds and Evens, various type of dices games and more complex ones as table games, card games and even RPG adventures. We plan to modularly implement these games, which can be played between 2 players, between multiple players and between the players and the bot.
A digital artistic renaissance : A revolutionary feature of Monello will be the possibility to exchange NFT, exactly as they were collectible cards, on Discord between users in order to stimulate not only their sociality, but also their creativity, since they will even be able to mint their personal NFT. This will allow our community, which is deeply fond of art and art history in general, to grow and to consolidate a deeply artistic bond with many different creators and designers, by integrating preexisting NFT collection with new ones, directly created by our community. With these prerogatives we plan on holding some design contests between creators as well. In regards of newly created NFT collection, one fundamental condition that the Monello has agreed on is that a conspicuous part earned from every newly created NFT collection must be devolved to charities organization, that will be periodically and democratically chosen by our community.
Security and simplicity : In order to achieve all these functions the bot generates a virtual wallet for every user that starts to interact with it. The information about all the wallets, which are shared across servers, are first encrypted and then stored inside a secure Database, in order to facilitate the integration within Discord and Telegram.
Before starting the development, our small team held a carefully and concise feasibility study to highlight not only the practicality of this project, but also the critical points of failure that could lead to possible problems in the functioning of the application. In the first phase of this study, two surveys were proposed to the users of both platforms. From the collected data, obtained from a statistical sample of 693 Discord users and 320 Telegram users, it emerged a strong interest and curiosity for cryptocurrencies and for bots that can integrate them inside the respective platforms.
In order to clarify the conclusion that we came up to, it might be useful to briefly analyze at least some of the results obtained from the Discord survey. As shown in the graph, the majority of the userbase that voted in the survey has used a bot on the Discord platform at least 1 time. Furthermore, it is possible to infer, without too much surprise, that the most used types of bots on Discord are Music Bots with 330 votes , Economy Bots with 305 votes and at last Gaming Bots, with 336 votes . As we previously stated it should not surprise us at all. As a matter of fact, a rapid visit to many websites that provide metrics for Discord automations, clearly makes explicit how the most popular and the best rated bots are based on a hybrid model which integrates economic management features and gaming features. The numbers of users that use these bots is in the thousands, sometimes in the millions.
Various examples of some of the most popular Discord bot (Source: https://top.gg)
Then, it appears clear that this model of automation, that combines both of the previous factors, not only it has proven as a successful recipe for a Discord bot, but it has also a definite and already strongly established target.
To conclude, the final and most important incentive of our project is the possibility to “devirtualize” the currency usually earned while playing with other gaming bots, which would otherwise be confined to the Discord Ecosystem as a worthless virtual currency.
Our community carefully planned this aspect of the project, as well. These deliverables refer to the developing and deploying of the bot on the Discord platform . We thought and studied the feasibility of our project for long?, hoping to clearly define what services we will perform and what products we will create during the various stages of the developing of this bot. In this proposal we present a brief synthesis which shows the objectives we set out to achieve:
- Virtual tipping system prototype
- Virtual betting system prototype
At this point we have an already functioning bot, with an integrated tipping and betting system, which works by using a a virtual currency on Discord. During the first month of developing of our project we plan to totally redesign and to improve the current skeleton of our bot, by implementing some essential security features. Also, we plan to implement more mini-games.
- Feature-complete product on Harmony testnet
The next immediate step would be to deploy a fully functional product on the testnet that offers the possibility to deposit and withdraw ONE coins and to exchange and mint NFT. Especially the element of trading. Also we plan to create and launch our personal NFT collection.
- Form a DAO
Since we want to create a community that revolves around the community-driven evolution of Monello, in form of a a shared digital experience, the next natural objective for our team would be to form a DAO of dedicated people.
- Developing of the Monello token (ELLO)
Then, one of the most fundamental objective would be to develop and to deploy a specific token that would be used for betting on the bot. This essential step would help us to slowly but steadily achieve the self-sustainability of the project.
- Modular implementation of new games chosen by the community
Since the bot is specifically built in Python with a modulation model, the last process would be to constantly implement new games, based on what the community decides, by checking in advance the feasibility of the implementation. And as stated in the previous paragraphs, we have many future ideas for new games which could be easily directly played on Discord Servers.
$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)
Popularity : since the possible userbase that could be reached is very large, we plan to establish Monello as one of the most popular Discord gaming bot by reaching the ambitious total number of at least 100,000 total wallets . With that said, we know we have to start slow initially. So, in the first month from launch we plan to acquire at least 1000 daily active users , through a variety of marketing strategies on the platform. Specifically, we have planned to gift, to the first 1000 users that create wallet, an exponentially decreasing number of ONE coins. For example, the first 300 users to generate a wallet will get 30 ONE, the other 200 will get 20 ONE and so on. This could potentially lead to an increase in daily active users with a progressive reduction of the average cost per user . After the launch, if Monello gets enough traction within Discord, the only user costs it will face will be related to the transfer fees during the deposit of funds, which are not excessive at all. In regards of the withdraws of funds, those will initially be the main source of income, as the users will have to pay a small fee, redirected to our “liquidity pool”, in order to retrieve their ONE coins.
Cross-platform : deploy Monello on at least 2 other social media platforms . Discord and Telegram are the ideal solution and that is why launching the bot on Telegram will be the next necessary step to ensure its adoption and its self-sustainability. An interactive social media platform created by our community could be an interesting solution, as well.
ELLO Token: another necessary path to the self-sustainability of our project is the develop of a specific utility token that will be created 3 months after the launch.
Artistic collaboration s : after 2 months from the launch, we plan to create with our community at least 1 NFT collection which will be traded as collectibles on Discord. Also we plan to implement at least 3 external NFT collections .
Social interaction: increase the number of members in our social channels on Discord and Telegram with at least 50 users , in the first month. After that, we expect a steady growth, especially for our Discord Server, of a minimum of 100 members per month . Engage the community with polls, tournaments and other social virtual events.
Midegi – Lead developer of this project. Digital Humanities student, professional Web Developer in Italy and Content Creator, deeply passionate about Web3 and Blockchain technologies. Also an Art History, Computational Linguistic and Artificial Intelligence enthusiast.
RMN – Main developer of the Discord bot. Experienced in Ecommerce deploying and development, currently studying Computer Science in Italy. Cryptocurrency enthusiast.
JoannaAfrica – Main developer of the Telegram bot, from Jordan. Bachelor degree in Electrical Engineering and Master degree in Applied Math. Currently working as a Data Scientist. Also a passionate cryptocurrency trader.
Paradroide – Designer and marketing strategist. Currently studying Design and Visual Communication in Italy, deeply fond of 3D and Motion Graphic, Videomaking and Touchdesign.
Ggiallo – Project and community manager. Diploma in Social Science studies, studied Marketing and Economics in Italy. Very passionate about Data Analysis, Economics, Geopolitics and currently learning about Web3.
Since we want to be as transparent as possible, if it is necessary, we will be glad to provide other infos about us!