Guarantor contest proposal

Motivation

The problem of trust in partners and sub-governances has long been faced by the Free TON community. This contest should solve this problem using the basis of the blockchain - smart contracts system.

Let’s finally put an end to this!

Contest dates

Submissions apply period: 25.11.2021 - 15.12.2021 23:59 UTC

Voting: 5 days

Contest description

It is necessary to create a platform for trust between the Everscale Community and potential partners. Since Everscale gives out a significant part of the funds to partners, and it is not possible to return them back as in this case.

The platform should act as a guarantor and be a link between the community and potential partners.

General requirements

Soft criteria

Hard criteria

  • Debot support
  • Support for multisignature wallets
  • External audit of the platform as a plus

Evaluation criteria and winning conditions

  1. Platform performance
  2. Convenience of the interface
  3. User-friendly design
  4. Easy to use
  5. Open source (after voting started)

After the completion of the vote, the winners are required to publish the source code of the platform’s smart contracts (mainnet and devnet) for community audit in the next 1 day.

Rewards

Only submissions that receive average score 5 and above can pretend to get prizes for participation.

1st prize……………………………………………… 75.000 TON (Monthly vesting 25,000+25,000+25,000)

2nd prize………………………………,……………. 50.000 TON (Monthly vesting 25,000+25,000)

3rd prize……………………………………………… 30.000 TON (Monthly vesting 15,000+15,000)

4th prize……………………………………………… 10.000 TON

5th prize……………………………………………… 5.000 TON

Voting

  • The juror must have a solid understanding of the described subject in order to provide a score and feedback. If not, the juror should choose to “Abstain”.
  • Jurors or whose team(s) intend to participate in this contest by providing submissions lose their right to vote in this contest.
  • Each juror will vote by rating each submission on a scale of 1 to 10 or can choose to reject it if it does not meet requirements or vote “Abstain” if they feel unqualified to judge.
  • Jurors must provide feedback on submissions or lose their reward.
  • The Jury will reject duplicate, sub-par, incomplete, or inappropriate submissions.

Jury rewards

An amount equal to 20% of the total of all total tokens awarded to contest winners will be distributed among jurors who vote and provide feedback. This percentage will be awarded on the following basis:

  • The percentage of tokens awarded to the jury will be distributed based on the number of votes each juror casts. For example, if one juror votes 20 times and another juror votes 5 times, the juror who votes 20 times will get 4 times more tokens than the juror who votes 5 times.
  • Feedback is mandatory in order to collect any rewards.

Procedural remarks

  • Participants must upload their work correctly so it can be viewed and accessible in the formats described. If work is inaccessible or does not fit the criteria described, the submission may be rejected by jurors.
  • Participants must submit their work before the closing of the filing of applications. If not submitted on time, the submission will not count.

Contest author reward

An amount equal to 3% of the prize fund will be allocated to author of contest @dedicate_s

0:85414bd34a8e7b37ad8582a27480bbfcf00eefb0532f8b2ad8b97a97fbede6c7

7 Likes

Fully support this contest.
Such platform should protect community and partners from scam and will ensure that both sides fulfill their obligations.

But should to raise jury reward to 20% and put it in line with other contests.

1 Like

So does this make the initiators of proposals use tokens only for reasonable transactions only? If so, this would really make more effective use of investments

this helps to check up KPI’s and makes quick decisions depended on them.