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officialedex / EDCOIN-ERC20-Staking-DApp

EDCOIN ERC20 Staking DApp
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EDCOIN ERC20 Staking DApp #1

Open officialedex opened 3 years ago

officialedex commented 3 years ago

EDCoin Staking project will consist of three (3) parts. • The Staking Contract • The Web Interface (Dapp) • The Mobile App Integration

To build the EDCOIN staking contract mechanism we will need: • A staking Erc20 token contract – availabe! • Data structures to keep track of the following:

  1. Stakes
  2. stakeholders and
  3. Rewards. • Methods to create and remove stakes. • A rewards system. • Staking duration • Total available EDCoin Tokens for Staking Purposes.

A stake at its simplest form will need to record the stake size and the stake holder. For this we will need to impliment SafeMath and Ownable functions.

In implementing the EDCOIN Staking feature, we are going to give EDCOIN holders the capability to create and remove stakes. We will burn the tokens as they are staked to stop users from transferring them until the stake is removed.

How it will all work

Users (EDCoin stakers) provide EDCOIN as collateral when participating in the consensus process. In exchange for providing EDCOIN, users receive multiple rewards. The primary reward is in the form of additional EDCOIN tokens.

• STAKE rewards: EDCOIN is minted from the EDCOIN Stake Distribution pool, as a reward based on the amount of STAKED EDCOIN placed in the protocol. • Target Reward range: ~15% APR. • An EDCOIN STAKE transfer fee is also assessed when a user removes their STAKE from the stake (typically at the end of staked period). Staking Duration and Reward (Sugested) 6 months 12 Months 24 months

Higher stakes will attract higher returns. Low stakes, Low returns!

Other features that can be added • Referal bonuses • Exchange listing of EDCoin

We are hoping that our DApp result should be similar to https://stake.lid.sh/ and https://app.mantradao.com/staking whose UI we also want to adopt.

gitcoinbot commented 3 years ago

Issue Status: 1. Open 2. Started 3. Submitted 4. Done

This issue now has a funding of 12.7595 ETH (6000.02 USD @ $470.24/ETH) attached to it.

gitcoinbot commented 3 years ago

Issue Status: 1. Open 2. Started 3. Submitted 4. Done

Work has been started.

These users each claimed they can complete the work by 266 years from now. Please review their action plans below:

1) iamonuwa has been approved to start work.

Applying to work on this as usual. Get the work done in record time 😉

Learn more on the Gitcoin Issue Details page.

gitcoinbot commented 3 years ago

@iamonuwa Hello from Gitcoin Core - are you still working on this issue? Please submit a WIP PR or comment back within the next 3 days or you will be removed from this ticket and it will be returned to an ‘Open’ status. Please let us know if you have questions!

Funders only: Snooze warnings for 1 day | 3 days | 5 days | 10 days | 100 days

gitcoinbot commented 3 years ago

@iamonuwa Hello from Gitcoin Core - are you still working on this issue? Please submit a WIP PR or comment back within the next 3 days or you will be removed from this ticket and it will be returned to an ‘Open’ status. Please let us know if you have questions!

Funders only: Snooze warnings for 1 day | 3 days | 5 days | 10 days | 100 days

gitcoinbot commented 3 years ago

@iamonuwa Hello from Gitcoin Core - are you still working on this issue? Please submit a WIP PR or comment back within the next 3 days or you will be removed from this ticket and it will be returned to an ‘Open’ status. Please let us know if you have questions!

Funders only: Snooze warnings for 1 day | 3 days | 5 days | 10 days | 100 days

gitcoinbot commented 3 years ago

@iamonuwa Hello from Gitcoin Core - are you still working on this issue? Please submit a WIP PR or comment back within the next 3 days or you will be removed from this ticket and it will be returned to an ‘Open’ status. Please let us know if you have questions!

Funders only: Snooze warnings for 1 day | 3 days | 5 days | 10 days | 100 days

iamonuwa commented 3 years ago

@gitcoinbot work is in progress. Sending in a PR tonight

gitcoinbot commented 3 years ago

@iamonuwa Hello from Gitcoin Core - are you still working on this issue? Please submit a WIP PR or comment back within the next 3 days or you will be removed from this ticket and it will be returned to an ‘Open’ status. Please let us know if you have questions!

Funders only: Snooze warnings for 1 day | 3 days | 5 days | 10 days | 100 days

gitcoinbot commented 3 years ago

Issue Status: 1. Open 2. Started 3. Submitted 4. Done

Work for 12.7595 ETH (7536.22 USD @ $590.61/ETH) has been submitted by:

officialedex commented 3 years ago

Dear @iamonuwa,

Outstanding Morning!

Please upon submission of the 1st prototype, kindly attach the UAT script so will be guided on the testing of the functionalities of the Staking platform developed. Cheers!

EDCOIN Project Management

iamonuwa commented 3 years ago

@officialedex I invited you to the repo. Can we close this issue now?

iamonuwa commented 3 years ago

@officialedex please confirm you can see this.

Solexplorer commented 3 years ago

Hey @officialedex

I am from Gitcoin, I saw that onuwa has already completed its job and gave you the details, can you shed some light on whether you can payout this bounty or if there are any concerns?

Thanks!

connoroday commented 3 years ago

@officialedex hey any update here?

owocki commented 3 years ago

Hi from Gitcoin

@officialedex do you have plans to pay out this bounty? If you do not start responding + pay the developer for the work they've done, we will be banning your project from the platform + publicly shaming your project for violating the Community Code of Conduct by abandoning this project.

You have 2 business days to respond, Kevin Founder, Gitcoin

owocki commented 3 years ago

i was banned from the telegram group for asking that this bounty being paid out https://bits.owocki.com/Qwu92Rp4

assuming you are not going to pay this out, and i will be banning your account from gitcoin and publicly shaming you for being a bad actor

chuta commented 3 years ago

A labourer deserves his wages! @officialedex please pay the developer for the work he has done according to your specification. I was the project advisor during the time he was contracted. I recommended him. You are putting me in a very bad spot by refusing to release his hard-earned bounty. Please do the needful and protect the integrity of the Edcoin Project before twitter folks get to hear about it.