nearly had me saying nope to that idea then until you added the XP bit =D that’s a good idea =D
Still sounding good to me.
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Agreed @madeafterdeath, trom the KPI side, that all adds up. And good to hear about your long-term goals too.
Thanks for the structure @tj0x
Predictions-as-a-service sounds good, so you can receive a revenue source from both users and projects.
If the tier system is easy to implement on your side, then it sounds good. And I’m sure we can make a Quest about it on DappRadar Quests platform to create gamified incentives. This actually might be easy if you only have one-tier. Have you looked into this?
We could even do a marketing campaign where you can give (1-month) PRO NFTs as rewards so users can get a sample of the different PRO features and no-fee predictions.
Really liking this Proposal thus far. Before moving towards a Proposal, it would be great to get feedback from our Head of Finance on the DAO side @bayar regarding the requested funding and potential ROI with the KPI.
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Yes we can implement the tiers on our end. My thought is that each quest would run for a week and focus on getting people to participate in a DappRadar prediction tournament.
The reward for quests could just be XP. However, the qualifications and rewards for entering and winning a prediction tournament could differ based on what tier the user falls into.
Here’s an example of the structure for quests, tournaments and corresponding prizes:
Tier 1: Hold PRO member NFT + 1 valid BetFolio NFT
- Quest: Participate in T1 prediction tournament: 5 Dappradar predictions.
- Quest Reward: 1,000 XP
- Total Tournament Prize pool: $$$ RADAR.
- Top 3 winners get 10k RADAR + 5k XP each.
Tier 2: Hold 10k RADAR + 1 valid BetFolio NFT
- Quest: Participate in T2 prediction tournament: 5 Dappradar predictions.
- Quest Reward: 500 XP
- Total Tournament Prize pool: $$ RADAR.
- Top 3 winners get a free PRO member NFT + 2,500 XP each.
Tier 3: Hold 1k RADAR + 1 valid BetFolio NFT
- Quest: Participate in T3 prediction tournament: 5 Dappradar predictions.
- Quest Reward: 250 XP
- Total Prize pool: $ RADAR.
- Top 3 winners get 1,000 XP each.
We could run these tiered weekly tournaments all at once (3 tournaments per week) or one each week in rotating order (e.g, tier 1-week 1, tier 2-week 2, tier 3-week3, etc).
These tournaments will primarily feature our predictions polls, where users have to vote on which Dapp within a blockchain ecosystem (e.g Solana dapps), within a category (e.g gaming) or out of all categories will achieve the most UAWs or highest volumes in a 1 week timeframe.
I believe this structure will allow you to most effectively allocate RADAR and measure weekly KPIs.
As for giveaways, we could do a separate weekly quest just for people to promote these tournaments. The reward for these quests could be a giveaway of a few PRO member and BetFolio NFTs to random users.
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5k xp?
(shakes head) thats like 20 quests… 2500 xp nope thats like 10+ quests.
if its going to be a weekly thing xp should be like 150 xp for the tier 1 winners. + only 3 to get it
Tier 2 is 100 xp for the tier 2 + only 3 to get it
Tier 3 is 50 xp for the tier 3 + only 3 to get it.
if you have the XP to high your undermining the quests which with xp boosts like that 100% would undermine it.
So i think it should be lowered to the above types. (and even then that might get out of control don’t want the betters just winning the season leagues cuz they won predictions several times during a season)
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I’m admittedly not as familiar with XP conversions so may have suggested too high of an amount to give away. After checking what gets a person on the leaderboard it makes sense to make the XP rewards for tournament winnings and quest completions a lot smaller.
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u need to learn about the radar eco, quests, rewards, pro and what the radar token is worth, Xp, loads of stuff. i like this idea but again i don’t want it dominating the season league and i don’t want to be giving away too much radar but still make it worth playing.
Way it changed in the last bit 3 times a week ect its like a grab i wanna help but not at cost of radar or the season league. (1 prediction a week they have to make there prediction on a Saturday or Sunday (they have to own 1 of ur NFT and a Radar NFT for the bets hold two tickets (to qualify for the game) these will last a month which is 4 games if there is 1 a week (the predictions are groups and the winnings is split between people)
The prize can be radar (10k radar max per week split between winners) but we need other incentives? as well as the winnings will be split to them who predicted right the previous week (so next Sunday the winners of the prediction of the week is pulled and the winnings shared out between everyone with also a xp boost of 50) if we now wanna add benefits to pro its them on discord who are pro they get a bonus in the share of the winnings if they was right and playing the game they don’t need anything else other than holding them two NFTS and being pro on are discord. >.>
I know ur trying to get the best deal u can get and i feel the one i mentioned is the best one for both of us u get to sell nfts as well as us and people get to play a game if they want. and there is no last min entry’s so it turns fair.
Also it runs for 3 months thats 120,000 radar and possibly other incentives and if after them 3 months we can draw up other possible ideas maybe other people will have other suggestions ect so think about it. we might not be able to keep pumping radar into it if its not cost effective or suitable. if it proves to make radar treasury increase and increase user base and engagement then we can keep it but u have to keep that in mind. when ur thinking of all this.
Other wise we can do it this once and then possibly again in future. (say certain times in certain seasons) and that’s if it passes a vote. (if it don’t pass try again when u can lol see if it passes next time) chances are ill vote yes if i like the idea and plan.
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I think that makes sense. So just to recap what you shared:
We can do 1 prediction a week: 4 per month for 3 months: 12 total.
Predictions start on Saturday or Sunday and end on the following Saturday or Sunday.
Qualifying criteria: Hold 1 Pro NFT + 1 BetFolio NFT.
Prize Pool: 10k RADAR per prediction. Winners receive an equal share of the 10k Radar prize pool plus 50 XP.
Total Radar budget: 120,000 Radar
This all sounds good to me. If we want to promote these predictions as quests we could also reward some XP just for participating in a prediction.
Happy to move things forward to the proposal stage if you all are in agreement.
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@vandynathan @bayar @SkirmantasJ @Alex-Mammoth @dragos @ayseguls ??? what u think of above this possible and and low risk? cuz it does sound like a good idea and i feel i made it worth while while keeping risks low? he wants a pass so i feel this is good but is it possible?
Also maybe a little more Radar to the prize? say possibly 240,000 Radar for the 3 months. Doubles up that way if 200 people play that’s 200 radar nfts sold 200 betfolio nfts sold which add to both projects. And the winners would get 100 Radar each if 200 people won… say they all guessed right. (which is highly unlikely but still) other wise at 10,000 they only win 50 radar a week >.> the winners if everyone won >.> that aient worth it nope. the xp boost is tho thats fine way it is but say double up again 100 xp per winner. but the prize at moment 100 radar is worth £0.55p per winner if they all won and the tickets gonna cost $6 so >.>
I mean yer it is alot of radar to me but $£$£$£ wise thats £1381 at current price right now. we would recover that over the months due to nft sales. i increased xp to double as well because it will run for 3 months and then go back to forums and hes been agreeable if it needs to get lowered it can do but yer makes everything a little more worth it if it does turn out a success.
and same im happy to move it foward as well yeps.
personally i expect 50 to 120 nft sales a month (which in 3 months if that is right we should get most the money back) £1080 back if its 360 nfts sold. £450 back if its 150 might be more, and this looks like a profit loss but it might possibly bring new users again and promote a bit more engagement and if more nfts get sold then it turns into a profit for us in all 3 areas.
Hello! It was a long but a good read 
It’s great to see a mind opening brainstorming here. Before having this as a proposal I think we should first clarify;
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The amount of RADAR that can be allocated to such initiative. I think @bayar can guide us here. It makes sense to me to make a test run first by allocating a small amount. Then we can evaluate the results and decide on the next steps.
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Structure &KPIs: It sounds good to me having exclusive features for PRO users and using the Quests as well. There are so much ideas in the discussion. This should be worked and well defined in the proposal. KPIs should also be clearly set for the first round.
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Marketing of this collaboration: this is a betting platform. What would be our restrictions for the marketing @Andrius ?
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Thanks @ayseguls! These are great points
Just a small point of clarification regarding the 3rd point: While our brand is positioned as a betting/prediction platform, we actually no longer offer traditional ‘paid’ bets where users wager their own money. All predictions are ‘risk-free’ in the sense that users only need to pay a gas fee on Polygon and/or mint an NFT in order to place a $0 bet (in the future we may just call these ‘votes’) and win rewards from the prize pool.
Hopefully this helps as you consider any potential marketing restrictions.
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Sounds safe to me but better to have the comment of our legal counsel Andrius. 
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Hey everyone, I mirror Aysegul’s comment that it’s a long read, but I prefer it this way.
Quests are an open product for anybody to create, manage and use quests as a means to create user engagement and user aquisition for their own dapps. At this moment, it’s still free to use, so you can go and create quests, buy RADAR and provide them as rewards - and afterwards check the KPIs of that i.e. what traffic the quests got you and did you get a positive business case compared to the cost. We actually encourage all developers and founders to use quests as we begin to see the impact it can have, and we analyze the data ourselves.
What I’m trying to understand is what the benefits for the DAO would be to allocate a budget for the prediction games, apart from the obvious RADAR distribution to some of the community members. Is it a free mint of the BetFolio one month access NFTs? @tj0x maybe you can summarize in one place so we can align. What I can understand so far is that we’d be sending a lot of traffic to BetFolio AND pay for it with RADAR. Not only PRO members will complete the quests.
After we have a good understanding of the benefits for our DAO community, we can discuss budgets. For that discussion, if we estimate 100 NFTs will be minted by our DAO members, that’s a benefit ot $5000, but what is the cost value, so we can refer to the baseline?
The RADAR budget has to make sense from that perspective i.e. we allocate X RADAR = Value for DAO - Value of incremental new users for BetFolio.
Or we could do a referral link on DappRadar and a revenue share @tj0x?
Happy to take this discussion forward when clarity improves.
Cheers,
B.
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Thanks @bayar . Regarding the benefits to the DAO, there are 3 that I see:
- Increase consistent usage of DappRadar’s data platform by engaging both DappRadar and BetFolio communities through prediction games:
- While the partnership will direct traffic to BetFolio, DappRadar-focused predictions will redirect much of that traffic back to DappRadar as users need to access dapp stats to help make informed predictions. Additionally, we’ll fund Quests to encourage more participation in these predictions.
- Of the 400+ unique wallets that use BetFolio today, about 300 bets/votes are submitted weekly, with our recent tournament attracting 336 votes from 74 unique wallets across 6 predictions, each with a $50 token prize pool. This should give you a sense of the minimum level of engagement you can expect when allocating RADAR to prize pools.
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Create additional demand for RADAR tokens by requiring them for access to certain DappRadar predictions, potentially attracting new buyers from our community.
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Enhance the value of Pro memberships by offering Pro NFT owners access to exclusive prediction games with RADAR rewards and access to unique data/insights from these predictions.
Regarding budgets, a potentially more sustainability approach could be to include non-monetary rewards in the prize pools, such as a token (created by us) that would only be redeemable for XP on DappRadar. This allows you to better manage costs by controlling the XP conversion rate and reward prediction winners with tokens that can only be used on DappRadar.
If there’s enough demand for XP within the community then it may be possible to generate 100 PRO NFT mints using mostly tokens redeemable for XP, and some RADAR as rewards for prediction games.
Lastly, we’re open to exploring a revenue share from PRO NFTs mints in place of requiring users to also mint our BetFolio NFTs.
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It makes sense, @tj0x.
I would keep it simple to implement, no new tokens, no new NFTs for the time being. Let’s see the response and engagement we get without complicating the message.
But what I’m mostly focused on is that you’re already using DappRadar data to define the prediction and this is something that we’re considering worth rewarding. We encourage any web3 player to use DappRadar data as an independent, single point of contact for web3 data.
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Thanks @bayar I agree simplicity is key. I think a slight modification of @madeafterdeath’s earlier proposal would be the simplest test case for this potential partnership:
- 6 week trial
- 2 DappRadar predictions a week
- Prize pools per prediction: 10k RADAR (winners receive an equal share of the prize pool)
- Participation criteria: Hold 1 valid BetFolio NFT ($3) & 1,000 RADAR (~$7)
- Total budget: 120,000 RADAR
- Predictions will be promoted via Quests on DappRadar (funded by us) and on DappRadar’s social channels.
Measurable benefits for DappRadar:
- Growth in new wallet ownership of RADAR tokens
- Increase in web traffic and retention for select pages on the DappRadar platform.
- Increase in community engagement on social channels
If the group is onboard, I would like to publish a proposal on Snapshot to receive the 120k RADAR needed to carry out this trial. I will highlight examples of prediction’s we’ve launched so far using DappRadar’s data, as well as some examples of DappRadar community members using BetFolio to vote on predictions and earn RADAR.
Please let me know if you have any other questions/concerns and thanks everyone for all the helpful feedback you’ve shared so far!
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still sounds good to me. =D
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I think it seems okay to go with the forum proposal. Wdyt @vandynathan ?
@tj0x the first step is the forum proposal, not the snapshot. What we have here is the discussion that gives you a chance to understand the community opinion and shape your proposal aligned with it. Then you need to create a proposal like those here: Proposal Discussions - DappRadar Governance The format is important. It needs to be aligned with others and include YES/NO voting.
If the forum proposal passes, you can proceed with the snapshot.
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Yeah, sounds good to move forward.
Some additional advice @tjj0x. Following on from what Aysegul said, on top of the link shared Proposal Discussions - DappRadar Governance, please also look at other previous Proposals to get a better understanding of the format we use. It would need to be posted in the Proposal Discussions category too.
The Forum Proposal will be live for 7 days to give community members a chance to give feedback and perhaps amend the Proposal. If there are 20 votes with an overall positive sentiment (more positive than negative votes) then we will go to the Snapshot.
The Snapshot is the final vote where RADAR holders use their tokens to decide whether to pass the vote or not. This voting process will take 72 hours.
To make it easy, proposers usually edit the Proposal in a Word or Google Document first so that the format is clear, before they officially post the Proposal into the Forum.
Very much looking forward to your Proposal!
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Thanks @vandynathan and @ayseguls for the additional guidance on next steps! I’ll proceed with drafting a proposal for the proposal discussion forum as instructed.
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