#DexGo_Build Grant Application_20250306
sand isle
magic cedar
@sand isle Values are in USD they need to be in Flat VOI
jaunty oyster
I don’t want to be critical of builders because we need all of the builders we can get. I think it’s important to encourage progress and innovation, but I do have some feedback: The Project Overview says nothing of substance. The Technical Specifications mentions “using Etherium or similar networks” …I don’t know 🤷♂️
magic cedar
I don’t want to be critical of builders because we need all of the builders we c...
keen observation 👀
fervent flume
The financial model/budget is far from reasonable
Closed source...
That marketing cost more than development according to budget
Is this NFT shoe and move to earn application worth 21M Voi
fervent flume
I hate to grill this one but it just doesn't smell good. Seems high risk low reward to me.
wraith mesa
unique dove
not being open source is an immediate no
I have many question
including "why?" and "why Voi?"
"what problem does this solve?"
mostly the "why Voi?"
lethal current
In it's current state, I would vote no for this proposal.
For me to vote yes I would need to see:
- Open source, or large reduction in ask.
- Current KPIs and userbase
- Clear timeframes on support and promotion of the integration to grow the Voi userbase.
- Milestones that have KPI related targets (e.g. MAU using Voi)
wraith mesa
I still have not heard back from the team that submitted. The Discord link they provided is broken an no response from their Email or Twitter accounts.
wraith mesa
Wilder and I are meeting with them today.
lethal current
Meeting notes
INTRO
- Serial entrepreneur full stack developer
- NFT Games studio,
- Simulators where users leverage NFTs to win prizes and collects fees.
- Players try to have the best time.
- Distribution is done on chain.
- 1/2 Million wallets per day, 1/2 million txns per day
- We request funding to build AVM functionality for native distribution.
Q&A - Is DEXgo in production? -> 11 Networks integrated,
- Why Voi? -> Special game version per chain
- Marketing strategy? -> Target Web2 players and step by step to go from no knowledge to playing the game. Wallet to signing.
- Assets can't be migrated between chain
- Segmented markets for the game.
- Ideal customer? -> All based on user acquisition cost.
- Typical userbase side? -> Web2 casual gamers.
- Location of users? -> US, EU and SA
- Smart contracts will be open-sourced.
- 2K new wallets per day
- 4k TXNs per day.
- AVM Experience? -> We have a rust version and EVM. No AVM experience.
- Grant needs to be changed to VOI instead of USDC
unique dove
Is there a way to make the grant contingent on those new wallets and TXNs?
lethal current
We are pushing this in the direction of performance based milestones. Exactly what you are talking about.
unique dove
We are pushing this in the direction of performance based milestones. Exactly wh...
I am looking forward to see what you all come up with
lethal current
Call 2: + Shelly, Bagman
- Checked the examples for the specification. They are confident. I warned them not to overestimate themselves and be sure to start on the contract work ASAP, as it will be the hardest lift. We want opensource ARC72 and ARC200 work, not ASAs.
- Shelly went over how to work with #opensubmarine for contract development.
- How did you find out about Voi? -> He spends 1 hour per day looking into new blockchains and AI. He found Voi through X feed and PR run through AI research system(Gemini). "Algorand finally is moving in the right direction". Likes the Voi vision.
- There will need to be modifications made to the proposal to cover AVM contract development cost.
- What is the Dev Support like on Voi? We are here to help and support! Personal services offered.
- 2K wallets per day, 3k txns per day, how can you deliver on that? They will use in browser or extension wallet. I sent them Lute.
- Are people able to transfer NFTs? They can be traded, that is why they want to follow the adopted standard(ARC72)
- Opensource? All contracts and how to interact with them will be published.
- Can you break the marketing into milestones? He is open to dividing marketing into segments with performance based targets. They run marketing in house and are confident in their ability to deliver.
- Will the grant be changed into flat VOI? Yes.
boreal flint
In it's current state, I would vote no for this proposal.
For me to vote yes I ...
I'll second this.
lethal current
@frosty bone
lethal current
<@718083163867316267>
fervent flume
I don't think we should pay 10k USD (in VOI) basically all of the funds we have on chain to pay devs to do work they don't have to build from scratch, implement smart contracts, and integrate with their existing game using algosdk without understanding the full scope of their work.
I visited their marketplace (https://app.openbisea.com/marketplace). There are some questionable listings and and features like mnemonic wallet. Any seasoned evm developer would know to use connectkit, rainbow kit or some other library.
Apparently they are supposed to have these "smart contract" on Dchain (Saga)
but the links in their docs don't work or unavailable
http://motodex-1698905757615031-1.testnet-sp1.sagaexplorer.io/address/0x6CD6978C794ee76d8440CB0a81CF3B200a39c7E3
With a working contract reference we should be able to see exactly what they are working with.
It very much looks like they want the marketing money to continue paying users to play their game to ramp up the numbers.
We will announce and marketing in social channels
42 followers. They should have maybe used one of their other accounts.
Other marketing
Incentive existed player (competitions, double winners), one month, 5,000 USD
This does not look good
If I had 500k USD I would not blow 30k on this but I would ask them to join the community and do some work. If there is a job you are confident you can do to improve your position in 2-3 weeks why are you spending 1 month trying to get paid, you would be there already.
I don't want to see where this puts us if result of paying galaxy 20k USD is any different.
My recommendation is to knock the marketing out completely. This is a build grant. If we find it is a mutual benefit we can ask them to submit an additional grant. It is similar to making deals about providing continued service.
For adding voi to motodex let's offer 2M VOI payable on complete of all milestone to satisfaction.
Milestones:
- Smart contract development
- Integration
- Gameplay testing
If they accept the offer, we expect a game not just any game but one that our existing users may take part in. Prepare for it to be sold to offset cost.
I still don't feel good about it despite have a nice conversation with the founder. My recommendation again is to remove marketing all together from this proposal and cut development drastically.
That about sums up their marketing campaign 20k users and 175k USD in volume with 1k value in the contract.
App rating is boosted
motodex is not going anywhere its active users droped by over 80% within the last year. Makes sense that they are working on new games.
Typical block chain news. Note really what their intended audience would be interested in. Very low reach despite the number of followers that don't user twitter.
unique dove
I played some MotoDEX, not sure anyone would ever have any reason to play it let alone spend money on it, it seems like an iPhone game from 2011, I would think that it may be typical web3 stuff where people already on chain would use their stuff because they are web3 enthusiasts but I don't know if anyone is coming from anywhere else besides Voi to use their product. I would suggest having 100% of any payment they get be based on useres brought in to the Voi ecosystem and transactions created. If MotoDEX is any indication of the quality of product they are putting out I would almost want to see an alpha build of anything new they are developing before we commit to anything. I have not used dexGO, that seems to have more promise as a concept but I don't think we are here to incubate entrepreneurs and they don't look like they are well used on iOS or android
sand isle
Council Evaluation:
https://docs.google.com/document/d/1w2-Golg8-E5HQk-DHqM8J457pdc4ieXh9E8Oy5opHKI/edit?usp=sharing
lethal current
In it's current form I will be voting no:
gm @alex12alex.
Your proposal is up for vote today and I wanted to share my feedback:
Marketing isn't performance based.
Every milestone uses the same KPI of "Use Galxe and other marketing channels with massive incentivise marketing we will reach 30k+ in transactions with 20k+ UAW per month"
I would vote yes for this proposal if the marketing strategy was broken down into unlocks and targets.
e.g.
Milestone 3: Requires full completion of milestone 1 & 2
Estimated Duration: 1 month
FTE: 1
Costs: 4,638,218 VOI
We will announce and marketing in social channels:
https://x.com/dexgo_official
Use Galxe and other marketing channels with massive incentivise marketing we will reach 20k+ in transactions with 10k+ UAW per month
Completion criteria:
- 2.5K Game transactions per week
- 2.5K UAW
Milestone 4: Requires full completion of milestone 1 & 2&3
Estimated Duration: 1 month
FTE: 1
Costs: 4,638,218 VOI
We will announce and marketing in social channels:
https://x.com/dexgo_official
Use Galxe and other marketing channels with massive incentivise marketing we will reach 20k+ in transactions with 10k+ UAW per month
Completion criteria:
- 5K Game transactions per week
- 5K UAW
Like this.
Then if we don't think the marketing or traction is there the marketing doesn't continue.
X
I have shared all my feedback with DexGO directly through TG messages as well.
fervent flume
I feel the same regarding the marketing. I also think that the development milestones should be combined into a single milestone to reduce potential risk of completing milestone 1 and never completing milestone 2. Upon completion of the first milestone: there should be a game; the game should be playable; the game should be satisfactory. To ensure success of the project the definitions of done should be clearly stated in the proposal.
lethal current
With the update made to performance based marketing that only starts on completion of Milestone 1 * 2. It will be a yes for me.
lethal current
I feel the same regarding the marketing. I also think that the development miles...
Olesksii is modifying the proposal to reflect your concern. Milestone 1 won't be paid until the completion of milestone 2.
Response from Oleskii
unfortunatelt its not possible, during a call i mention that for non EVM chains we must invest a lot to build everything from zero. At least milestone 1 have to be prepaid, milestone 2 can be paid after complete
anyway to complete milestone 3 i must prepaid and wait payment from ur side, bcs advertisers can't use credits or VOI tokens. If i will cover from my side, it not balanced investment. I beleive you can understand that smart contracts are complicated and even first prepaid will cover 30-50% expenses
Ty. My only other major concern is the dev ask. It is a big ask considering that work is essentially an nft collection with a management contract, and integration using algosdk. I don't see the project being one of those builder blocks that other projects can use. Regarding the implementation they should not have to reinvent the wheel thus reducing cost. I have been prviy to the code and know what to expect in terms of deliverables.
The reason behind combining or tieing together milesetone 1 and 2 is that I don't want to end up with a situation where we have paid for a shoe with no shoe if you know what I mean. The Voiagers with Algorand experience are fully aware ; )
toxic cedar
I ended up voting no. That's not to say I wouldn't consider it in the future, but I'm just not convinced by the proposal that it would be a good fiduciary use of the community's tokens as-is.
fervent flume
I voted no. The proposal could use some further refinement. The dev ask is steep and includes conditions that we all may not be aware of like the prepayment of milestone 1 for which there is no precedent. I don't think that we should split the the dev work into multiple milestone and should have completion criteria. In addition, the 18M on the line for marketing is highly game-able. An existing game should not require 4 months of massive incentivise marketing.