Email me at roheemnasiru015@gmail.com
Hi,
What are you looking to contribute to?
Just like normal books, each book has a price. A book can cost for example 350 TRX (approx. 19 dollar). Unlike normal books, you do not have to pay this before reading, but you pay while you read using micro-transactions. So when you read only 30% of a book that costs 350 TRX, you only pay 105 TRX.
We are HEXTOPUS
Project Details:
In the traditional market, there are various marketing agencies and methodologies for efficient use of a limited marketing budget. However, unlike the traditional market, the web3 market operates based on a wallet, making it difficult to apply the traditional marketing-efficiency analysis. In addition, in order for the existing marketing agencies to implement DApp/DAO’s CPA(Cost-Per-Action) marketing, additional understanding and development ability of smart contracts are required. For these reasons, marketing means in web3 are limited to influencer marketing or community marketing.
Hextopus aims to solve this problem by developing an on-chain referral marketing platform. Hextopus will help DApps grow and bootstrap, and eventually will bring a new paradigm of crypto marketing.
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Campaign
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Customization: Campaign creators can set all smart contract-based actions as target action conditions and allow rewards to be distributed only when target actions are performed by users - CPA marketing. In addition, campaign creators can create an event-type campaign aimed at a specific holder group by setting only qualification condition without a target action.
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Referral Marketing: Hextopus campaign is basically based on referral marketing. With Hextopus, DApp/DAO can maximize marketing reach through viral effects.
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Abuse Prevention Mechanism: Hextopus minimizes the number of cherry pickers through its own optimal participation deposit scheme.
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Minimum Participation: When creating a campaign, if DApp/DAO enter the amount of rewards to charge in the reward pool and the minimum number of participating wallets, Hextopus campaign contract automatically sets the reward schema to ensure the minimum participation. This makes it easier for DApp/DAO to quantify the correlation between marketing cost and efficiency.
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Withdrawal: DApp/DAO can withdraw its marketing budget from the reward pool after a certain period of time.
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Consecutive Referral Chain
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Hextopus is a protocol that allows users to earn rewards through both ‘participation’ and ‘share’. When users participate in a campaign, they can receive participation rewards and their unique referral links are generated. Once generated, these links can be shared among their community and if their referrals also participate in the campaign, the user is rewarded again for the successful referral.
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Participants are eligible for ‘1st level referral rewards’ arising from direct participation for each of their referees, and ‘2nd level referral rewards’ for their referees’ successful referrals.
- For example, a campaign with a participation reward scheme [50 (DApp’s reward token), 10 (HXTO)], a direct referral reward scheme [25 (reward token), 5 (esHXTO)], and an indirect referral reward scheme [10 (reward token), 1 (esHXTO)] will result in the reward structure described below.
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Analyzing Participant A’s total rewards,
- Participant A receives 50 reward tokens and 10 HXTO for his/her direct participation.
- Through Participant A’s link, he/she has also shared the campaign to Participants B, C, and D, who all have participated in the campaign. Then Participant A is eligible for an additional 25 reward tokens and 5 esHXTO arising from direct participation for each of his referees.
- If Participants E, F, G participate indirectly through either Participant B, C, or D’s referral link, then Participant A will be eligible for another 10 reward tokens and 1 esHXTO for each.
- Thus the total rewards received by Participant A is 155 reward tokens, 10 HXTO, and 18 esHXTO.
- Note that this consecutive scheme is currently restricted to only three layers, so any participation by users further down in the tree will not be considered when calculating Participant A’s rewards.
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Calculating from Participant B’s viewpoint,
- 50 reward tokens and 10 HXTO** for his/her direct participation.
- Through Participant A’s link, he/she has also shared the campaign to Participants E and F, who all have participated in the campaign. Then Participant B is eligible for an additional 25 reward tokens and 5 esHXTO arising from direct participation for each of his referees.
- If Participant H participates through either Participant F’s referral link, then Participant B will be eligible for another 10 reward tokens and 1 esHXTO.
- Thus the total rewards received by Participant B is 110 reward tokens, 10 HXTO, and 11 esHXTO.
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On-Chain Data
- Marketing data such as Conversion Rate and Cost per Action will be provided on the dashboard. Whenever the details of the campaign change, marketing data will be automatically archived and comparative analyzed to help the optimal marketing execution for each campaign.
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Tokenomics
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Value Capture Mechanisms:
(1) Participation deposit
(2) Increase base referral reward caps by holding more HXTO tokens
(3) DApp’s reward pool withdrawal fee
(4) A certain amount of HXTO essential for composing a reward pool
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Value Capture Mechanisms:
Good day!
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Please give Classic Chords your vote.
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Great work
Great idea you are amazing
Wow jewery and investment cant beore than gas commodity in my country🇳🇬
Awesome that would be great
Nice Project
Nice Project
but how do you monitor an authentic account
what if a user keep creating a multiple accounts through is link just to get the reward
how will the system monitor such account
We have introduced a participation deposit mechanism to prevent wallet abusing. In order for users to participate in the campaign, they must lock up a certain amount of HXTO tokens as a participation deposit!!
There are many ways to monitor it one of it is IP Address.
Is it on mainnet?
If you it will your biggest challenge in user onboarding.
Not yet!! Our webpage supports nile testnet now !
Nice update by TRON DAO explaining one of the participating project :
They have already don that, you just need to check
Check my Project detail here: Heritage - Backup, recovery and inheritance of Crypto Assets and Files (Estate planning: Will and Testament)
Vote for my project here: TRON Grand Hackathon Season 3 - Community Vote - #2 by admin.hackathon
Project Track: Web3
Project name: #W21 Heritage - Backup, recovery and inheritance of Crypto Assets and Files (Estate Planning: Will and Testament)
Nice project! Good work!
I loved this segment and an so excited for TuruVerse