MintDeals - Transforming Club Memberships and Deals with DeFi-Driven Credit Access

TRON Hackathon Hackathon Season 7
21

Hi, when can we start testing the UI?

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@Nweke-nature1.com Yes there will be a fee to become a member of a club. The exact fee would be determined by the business that created the club. We may set the minimum fee possible to be $5 on the app. The benefits of joining a club would depend on the club creator and the deals they choose to present to members. eg- a coffee shop IRL may have a 10% discount deal. This may appeal to coffee lovers that know this coffee shop in real life.

@Okorie weā€™re just focusing on having an mvp ready so no further incentivization plans for now. We have considered those elements (loyalty+gamification) for a future point if theres actual usage/demandā€¦

@manfred_jr we could consider that sliding scale approach later on but it wasnā€™t factored in our current plans. Our approach is intended to be a simpler implementation.

@ines_valerie The 80/20 allocation is just for the split of funds. Weā€™re not attempting to maintain+(re)balance this ratio in fluctuations - thereā€™s no cost effective way to do so. eg. if theres $100 incoming fundsā€¦ $80 stays in stablecoin, $20 is swapped to BTC at the price of that moment and added to JL.

@Franko the link to the mockup/draft ui is above in OP. Itā€™s meant to give a visual idea of what we have in mind to build. However, It will be a couple of weeks before onchain functionality is ready to be integrated with a UI and based on the progress of that, some of the current ui elements may change.

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I clearly get your standpoint from your explanation, from my understanding of your explanation Iā€™d suggest further that you provide educational resources for partners and businesses to help them maximize their benefits from the platform. This could include tutorials, case studies, and best practice guides that explain how to leverage MintDeals effectively.

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I think I am learning more and more about your whole system and how it is working as you are explaining it, but what about user feedback on things like this, how are you planning to gather and attend to the user feedback, thank you

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good i will keep following up on this i love Hackatron Events

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Being a club member is nice but earning is awesome :sunglasses: too
I suggest there should be more stuffs about earnings which will also attract or entice people to be part of the club as well
Wishing you the best as you build

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the best is yet to come for the tron unique development

28

This project is mouthwatering and the integration of JustLend is particularly interesting as it provides a solid foundation for the DeFi credit facility.

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Initial feedback is being gathered via forum discussions like this. Aside from this, when the time comes we can embed a feedback mechanism on the site and triage any feedback into actionable/non-actionable but thatā€™s outside of the scope of the hackathonā€¦

What are your thoughts on this proposed 80/20 stablecoin+btc mechanic?

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I donā€™t have a project of my own but this is very solid , What specific aspects of automated credit facilities are you interested in testing? Are you looking for common questions that users might ask, or are you focused on testing the systemā€™s responses to certain types of inquiries?

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I think this is an idea ā€¦ A reason I joined this Season 7

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Welcome to this season 7 of hackathon your project MintDeals presents an intriguing concept for integrating DeFi with local businesses.
Wow :astonished: this is mouthwatering all the best

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Weā€™ve been working in the background to ascertain the best way we can implement the stablecoin+btc mechanic. A fully automatic solution would be gas/energy prohibitive to maintain especially for small amounts. So weā€™ve been looking at a way to do this in bulk at once a value threshold is reached and weighing whether this facet of the credit facility even makes sense to implement.

@ELLA some areas we are testing are a bit of a technical nature - the interaction between systems and the implication of doing so via smart contracts. For instance, in the example I provided in an earlier post with $100 split to $80/$20ā€¦ weā€™ve seen network fees for swapping on Sun.io reach as low as $5.85 to as high as $15 worth of TRX if not renting energy for a transaction like this. This means that it not very viable to swap small amounts often.

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Welcome @ELLA and @PaulTch11 consistency is the steam with which the forum thrives on and continue to stay active whilst providing value.

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Welcome to hackathon season 7
After going through your project details please I will like to know if there any alternative risk management strategies or mechanisms planned to mitigate this risk and ensure the stability of the credit facility.

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Being a valued Participant is my biggest goal on this platform :muscle:t3::100:

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Itā€™s good that you have taken the correction and changed the project track. Since you are integrating with JustLend protocol, I agree with you that the Integration track would be the perfect track for your project. The only reason I suggested for DeFi is because of the business approach. But going forward with my question, we both can agree that blockchain adoption is relatively low because of some lack of knowledge and the technicalities of using it. I will like to inquire on how you plan to facilitate the adoption of your project especially to businesses and members who may not be familiar with DeFi?

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To drive adoption of our project, weā€™re implementing a unique approach to DeFi that focuses on practical benefits and real-world integration:

1. In-Person Onboarding

  • Local Business Engagement: Weā€™re aiming to provide hands-on, in-person onboarding sessions for local small businesses. This will help them understand how our platform can deliver tangible value, such as offering deals, accessing credit, and growing their customer base.
  • Community Impact: By demonstrating these benefits locally, we aim to inspire other businesses and community members to adopt similar practices, creating a ripple effect.

2. User-Friendly Design

  • Intuitive Interface: Our platform will be designed to be intuitive and accessible, ensuring that even those unfamiliar with blockchain can easily navigate and use it.
  • Educational Resources: We will provide simple, easy-to-follow guides explaining the basics of our system and its advantages, making it straightforward for new users to get started.

Through these efforts, we aim to make our platform approachable and beneficial, fostering wider adoption and addressing the practical needs of businesses and users alike.

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MintDeals showcase a promising solution for local businesses to leverage DeFi for enhanced cash flow and customer engagement.

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Welcome to Tron Hackathon season 7. I went through the breakdown of your project and I found interest in it. I just have few questions to askā€¦

  1. Is this limited to improve local businesses alone?
  2. If the target extends to large scale businesses, what measures will be taken to ensure that everything works smoothly?
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