Closed GeDiddie closed 1 month ago
Hi @GeDiddie, thank you for your time with this proposal and for your patience with our review. Unfortunately, we will not be moving forward with a grant at this time. To contact our team with inquiries regarding our review or grants program, please send an email to grants@fil.org.
Wishing you the best with your future projects!
Open Grant Proposal:
DiamondHandz AI-Powered Token Generator
Project Name: DiamondHandz
Proposal Category: Integrations and Dapp
Individual or Entity Name: Entity - DiamondHandz
Proposer: GeDiddie
Project Repo(s): DiamondHandz GitHub
(Optional) Filecoin ecosystem affiliations: No existing work relationships with organizations in the Protocol Labs Network.
(Optional) Technical Sponsor: None.
Do you agree to open source all work you do on behalf of this RFP under the MIT/Apache-2 dual-license?: Yes.
Project Summary
DiamondHandz is an AI-Powered, Multi-Chain Token Generator with a unique Dual Governance structure that enables Investor Driven Marketing.
DiamondHandz is an innovative platform that empowers crypto projects to create tokens with a unique dual governance structure. Our AI-powered token generator simplifies the creation process, while the marketing allocation operates as a Sub-DAO, allowing investors to propose and vote on marketing initiatives. This ensures transparent, community-driven marketing efforts, fostering trust and engagement. DiamondHandz bridges the gap between project creators and investors, driving project success through collective intelligence and decentralized governance.
Impact
This project is crucial for the Filecoin and IPFS ecosystems as it addresses significant pain points in the blockchain industry. DiamondHandz will simplify the token creation process, making it accessible to a wider audience and reducing the barriers to entry for new projects. The integration of AI for tokenomics and marketing will ensure that projects have a higher chance of success by optimizing for market needs and trends.
The creation of the DiamondHandz platform is driven by the need to bridge the gap between early-stage funding and effective market exposure for crypto projects. Empowering investors with decision-making capabilities allows projects to leverage their collective network while ensuring that funds are strategically used for marketing. We aim to foster innovation, enhance investor confidence and loyalty, and contribute to the overall growth and maturity of the crypto ecosystem.
Carl and Gerald (DiamondHandz co-founders), have been in crypto and blockchain technology since 2012. They have launched several crypto projects and currently serve as advisors to several others. DiamondHandz was created from a pain point that all crypto projects must overcome in order to be successful and their projects were no exception. Even the most promising crypto projects fail to gain traction not due to a lack of innovation but because they lack the resources to effectively market themselves. By combining early investment with dedicated marketing support, this platform ensures that projects not only receive initial funding but also the visibility needed to attract further investments and user adoption all while increasing investor ROI.
The successful implementation of DiamondHandz will have a profound impact on the crypto ecosystem by fostering innovation and supporting a diverse range of projects along with:
Addressing the Visibility Gap in Crypto Projects:
Enhancing Investor Confidence:
Community-Driven Decision Making:
Fostering Innovation and Diversity:
Ensuring Transparency and Accountability:
Creating a Sustainable Ecosystem:
. By enabling more projects to launch successfully, it will contribute to the growth and sustainability of the blockchain space. The risks of not addressing these challenges include reduced innovation, lower project success rates, and missed opportunities for new ventures.
Outcomes
The unique investor-driven marketing governance model introduced by DiamondHandz ensures transparency in fund allocation, building trust among investors and reducing the risk of fraud. By giving investors a stake in marketing decisions, we encourage long-term holding, commitment, and loyalty leading to more stable token prices and sustainable project growth. This aligns investor interests with project success, fostering a supportive and engaged community.
Furthermore, DiamondHandz will bolster the DeFi sector by enabling new projects to launch with robust governance and effective marketing strategies. This will attract more users and liquidity to all DeFi protocols, increasing the total value locked (TVL) and demonstrating greater trust and investment in the ecosystem. Success will be measured by the number of tokens created on the platform, user adoption rates, the volume of transactions facilitated, and the engagement levels of the community. We will track metrics such as the number of daily active users, projects onboarded, and transaction volumes to gauge the platform's impact.
Adoption, Reach, and Growth Strategies
Our target audience includes crypto projects looking to create and launch tokens and investors.. We estimate the potential user base to be in the thousands, given the growing interest in blockchain and tokenization. We are currently engaging with our audience through social media channels, community events, and partnerships with blockchain projects.
To onboard new users, we will leverage a combination of marketing campaigns, educational content, and incentive programs. We plan to attract our first 10 users through personalized outreach and demonstrations of the platform's capabilities. For the first 100 users, we will implement a referral program and offer exclusive benefits for early adopters.
Furthermore, we will implement the following strategies:
Development Roadmap
KPI Schedule for DiamondHandz
Total Requested Grant Amount: $100,000
Tranche 1
KPI One: Following submission of Intake Form, approval of grant application, including KPI Schedule.
Grant Amount: $20,000
Date by which KPI must be achieved to be eligible for grant: 1 week after grant approval.
Tranche 2
KPI Two: Achieve 20 project token creations on the DiamondHandz platform, with at least 15 projects actively using the marketing allocation governance feature within the first 30 days of the first project onboarding.
Grant Amount: $35,000
Date by which KPI must be achieved to be eligible for grant: 4 weeks after Tranche 1
Tranche 3
KPI Three: Process $100k in average ‘fee’ volume on DiamondHandz smart contract over a 30-day period, demonstrating active usage and engagement from the community.
Grant Amount: $20,000
Date by which KPI must be achieved to be eligible for grant: 3 weeks after Tranche 2
Tranche 4
KPI Four: Achieve a 30-day average total value of digital assets locked within DiamondHandz protocol, but not including assets in pool2 or the value of any borrows or staked amounts, equal to or greater than $25,000,000.
Grant Amount: $25,000
Date by which KPI must be achieved to be eligible for grant: 6 weeks after Tranche 3
Permitted Use
Any activities to increase awareness, adoption, and growth of the DiamondHandz.
Estimated Build Time
Planning / Whitepaper / Website Wireframe / Setup Development Environment: 2 weeks
Marketing / Build Awareness: 3 weeks - ongoing
Test and Validate: 2.5 weeks
Integrate User Interface / Network Deployment: 4 weeks
Launch and Monitor: 3.5 weeks - ongoing
Summary in Tabular Form:
Detailed KPIs:
KPI One: Create Smart Contract and begin installation of token creation features and environment for AI assistance during the creation process.
Setup and Creation of all social handles on all platforms available (e.g. X, Medium, Discord, Telegram, etc.)
Administrative setup, assignment of team emails and other admin privileges.
Measurement: Completion of deployment on testnet and necessary administrative steps.
Description: Following submission of Intake Form, approval of grant application, including KPI Schedule. Completion of Whitepaper, DiamondHandz Team members, and Advisory Board.
KPI Two:DiamondHandz platform and deploy whitelist for “early” token creators.
Description: Completion of beta version of DiamondHandz platform and early release for whitelist members. Scalability and stress test to be achieved during this beta version release. Achieve 30 project token creations on the DiamondHandz platform, with at least 10 projects actively using the marketing allocation governance feature within the first 30 days of deployment.
Measurement: Number of tokens created and active projects using the marketing governance feature.
Activate DH Marketing: Begin marketing campaigns to build awareness of the DiamondHandz platform and features.
KPI Three:
Description: Process $100k in average volume on DiamondHandz smart contract over a 30-day period, demonstrating active usage and engagement from the community.
Measurement: Average transaction volume over 30 days.
KPI Four:
Description: Achieve a 30-day average total value of digital assets locked within DiamondHandz, but not including assets in pool2 or the value of any borrows or staked amounts, equal to or greater than $25,000,000.
Measurement: Total value of digital assets locked as measured over a 30-day period.
Maintenance and Upgrade Plans
Our long-term plan includes continuous monitoring, regular updates, and user feedback incorporation to maintain and improve the platform. We will establish a dedicated team for maintenance and provide ongoing support to users. Future upgrades will focus on enhancing functionality, scalability, security, and user experience.
Team
Team Members
Team Member LinkedIn Profiles
Team Website
Relevant Experience
Our team has been involved in crypto and blockchain development since 2012, and has been developing and implementing AI/ML strategies since 2019. We have successfully launched and scaled several blockchain projects and have deep expertise in smart contract development, user interface design, and community management. Our collective experience and commitment to innovation position us as the ideal team to build and maintain the DiamondHandz platform.
Team code repositories
Additional Information
We learned about the Open Grants Program through our involvement in the blockchain community and our ongoing efforts to engage with innovative funding opportunities. We believe this grant will significantly accelerate our development and help us achieve our project goals.
Contact Email: carl@diamondhandz.ai
If you have any additional questions or need further details, please feel free to reach out.
Make sure to review all the details to ensure accuracy and completeness before submitting your proposal. Let me know if you need any further adjustments or information!