What we are doing
YZ empowers web3 Projects to build up trust and momentum from the very inception, accelerating the network effect.
How can early stage web3 projects build trust and awareness pre-launch? With roughly 5000 crypto startups launching every year this is no easy question. Our Charged Tokens (CTs) are the answer.
CTs are issued one for one for each project token, and when the vesting period kicks in, users can gradually burn them for project tokens.
CTs unlock a wide range of benefits for new projects at the earliest stages, much BEFORE launch, accelerating user acquisition and product development:
- enhanced investor trust, as the CT smart contract effectively sets in stone the project tokenomics
- automated token management, so teams can focus on driving their business forward
- boosted effectiveness of airdrops and staking at ANY time, coupled with value transfer mechanisms from dumpers to holders to sustain token prices, creating a strong magnet for further interest in the project
- adaptive Farming will enable partnerships among projects at any development stage, even before launch and without liquidity fragmentation, enhancing user experience and projects’ outreach
- as a result of the above, newly enabled early stage interactions will provide significant data for an on-chain reputation system, allowing founders to identify their most valuable investors and users.
The V1 of our app is already live (with the above first 3 bullet points).
The V2 should create a flywheel effect, as web3 Projects will be incentivized to bring other Projects to YZ, our solution uniquely enabling tokenized partnerships to empower Co-Marketing campaigns at ANY stage of development, even before launch.
What are we aiming to do with a Grant/Fantom’s support?
We will develop a novel Adaptive Farming solution to enable tokenized Partnerships between Projects at any stage of development, before or after launch, using Charged Tokens and/or Project Tokens, without liquidity fragmentation. Furthermore, this will be performed in a fully decentralized way between 2 Project team managers, without any third party, via proposals / counter-proposals / validations that are done fully onchain. The goal is to transition from a mono project token management perspective (V1 which is live) to a multi project token management perspective (V2).
This will give web3 Projects early exposure to multiple communities at once, breaking up the silos of solo marketing campaigns performed within platforms such as Galxe or Zealy. The potential of partnerships and Co-Marketing campaigns will be massively increased, enabling the creation of a map of Partnerships with their strengths (directly related to the % of token exchanged between projects), which will provide useful insights and metrics to both Projects and investors. It is also the base to establish an on-chain reputation system to identify the most valuable users, which is a key challenge in the space.
Adaptive Farming is likely to create a flywheel effect, as web3 Projects will be incentivized to bring other Projects to YZ, as there is no other solution on the market enabling tokenized Partnerships with prelaunch Projects.
Proposal for Adaptive Farming and multi token management solution
Timeline with breakdown of costs (~ 6 to 7 months in total with parallelization):
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Smart contracts ($15K, 2.5 to 3 months)
a) Workflow of adaptive Farming, integration analysis, Process validation (3 weeks)
b) Smart contracts with adaptive Farming and iterative proposals (1 month)
c) Smart contract testing (1 month) -
Creation of web interface ($20K, 3.5 months)
- Proposal / Counter Proposal
- Lifecycle management (Proposal/Validation stages, active pools, archived pools)
- Responsive app to allow adaptive Farming with multiple Partnerships in a single pool, with Charged Tokens and/or Project Tokens
- Integration/synchronization with other token management features from V1
- Final validation and deployment ($15K, 1.5 month)
- Overall testing (1 month)
- Smart contract audit (2 weeks)
In total that would be $50K or 98309 FTM at current rate. The overall costs are estimated to be around $120-150K to provide a fully flexible platform for multi-token management but we are ready to further support expenses on our side. (we have been fully bootstrapped so far, up to the release of our V1)
Metrics
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Number of onboarded Projects
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% of new Projects that were brought by previously onboarded Projects to create tokenized Partnerships. An increase in value would demonstrate the potential of Adaptive Farming to create a flywheel effect, creating organic traction and long term sustainability.
More details with metrics and KPIs to be found in our GTM document:
How can the Fantom ecosystem benefit from your Project?
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Less scammy Projects as token management and tokenomics are pre-defined and set onchain
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Growth support via our solution based on so-called Charged Tokens (CT):
a) CT are deployed very early on by Projects (potentially at pre-seed stage), making it less likely for them to switch to another Blockchain/DLT until their launch ⇒ CT can make infrastructure Projects become more « sticky » and retain new Projects more easily.
b) With adaptive Farming (via this Grant), onboarded Projects are likely to bring other Projects to the platform and Fantom, as YZ uniquely enables the creation of tokenized Partnerships at any stage of development, creating a flywheel effect.
It will also provide metrics about Projects (partnership strength) and overall users behaviours.
- Longer term YZ can contribute to:
- increase adoption of Fantom by providing a seamless user experience on the whole lifecycle (Deck slide 10)
- have even less scammy and more commited projects, with a more engaged community as it has deciding power in the token emission (see DAICO model proposed by Vitalik Buterin, Deck slide 23)
Why now?
We are helping Projects provide more transparency in the token management which might be regulated next (MICA is going in that direction already by introducing requirements vs whitepapers).
Regarding marketing tools, Platforms like Zealy and Galxe have grown massively in the last 2 years, this is a perfect springboard for our solution that uniquely empowers Co-Marketing campaigns at any stage.
Team
Our team has a solid track record, from startups to leading positions in Fortune 500 companies, with technical experience as well as management experience (both human/organizational and product/project).
We have been crypto builders and investors since 2017, having scanned 3000+ Projects. We know what it takes to succeed in this space.
We were confronted with issues of both builders and investors in the web3 space and found a way to address those simultaneously via a single app, to close the gap and build up trust between Projects and their community and investors.
We know each other for 10+ years and have already worked together on a Blockchain Project (tokenization of real estate).
And last not but not least our motivation: we developed and released our V1 being fully bootstrapped. And having a V1 also shows that we are up to the task with limited resources.
Ion Fintescu: Concept & Lead
Investor in Blockchain Projects since 2017 (200+ projects), Ion was confronted with current limitations of token offerings, therefore ideally placed to establish the vision for YZ.
Prior to YZ, Ion managed the development of FractAll aiming to provide fractional ownership through Blockchain, including to tenants (becoming “tenowners”).
Previously Head of Numerical Methods at Safran (Fortune 500 Company), Ion led teams of engineers and project managers to develop innovative 3D methodologies to facilitate the design & quality control of aircraft engine parts, also via measurements & statistical process control. 800+ people were impacted with a reduction of design time from 20 to 50%, reducing production cycles by several weeks.
Youssouf Naciri: Solutions Architect
More than 17 years of experience as IT architect within all sizes of companies, from startups to major corporations & organizations such as Banque de France, TotalEnergies and the French Ministry of Justice. Since 2017, Youssouf has also been active as investor, Blockchain consultant and developer of 2 decentralized applications (fractional real estate investments with Ion Fintescu and automated trading with multi-swap atomic transactions).
Rodica Farcas: Business & Organizational Development
Wide multi-cultural management experience through Europe as Director of Customer Care, Systems and Software at Emerson (Fortune 500 Company).
Rodica led the digitalization of Sales, implemented business infrastructure to support the scale up of the business to 600M€ sales/year.
Rodica also developed creative & innovative business growth programs, resulting in 25% efficiency gains by implementing PMO methodologies and reviewing commercial compliance practices resulting in 5 M€ gains/year.
In the Blockchain field, Rodica helped startups to develop a customer service and adapt their organization, tools & processes.
My Hoang: Technical Development & Support
Investor and previously CTO at WeCashUp, a virtual supermarket for digital financial services in Africa with its Ecobank Visa card available in 30 African countries.
For more info here is our Deck with useful links: DocSend