DeFi tools for content creators — Introducing Project Karma

Everyone should have the chance to handle their tokens and their tokenomics, as now they can manage a blog.

The idea

The project’s core consists of creating a valuable connection between Subscribers and Content Creators.

The mission consists of helping the Creators get funds efficiently, distributing personal tokens/NFTs, and correlating the value of their brand to the value of the tokens. Besides, Subscribers participate in the creation process, investing in the creators, which they believe.

This strategy has two advantages, the creator can finance and incentivize his community, and the subscriber can invest and grow with his favorite content creator. On the other hand, if the content creator is not proficient, the token’s value will be zero, the same risk as any investment.

Furthermore, Content Creators could rapidly drive the mass adoption of Tokens and NFTs through their activities with many benefit for the entire blockchain ecosystem.

The actors involved in this solution are Creators and Subscribers. A Creator can be a Freelancer, Influencer, a content creator, or a small business. Instead, we can see the Supporter as a Follower or an investor.

A subscriber could also be a marketing manager who intends to place his product through the Creator advertising space.

The DApp will provide the following functionalities:

• Token minting through a user-friendly interface
• Swap pool to easily exchange the token minted.
• Stake tokens to participate in an offer or event (real or virtual)
• NFT minting, also by burning or staking tokens

More details are reachable through the GitLab wiki

The tokenomics

The value of the token, minted by the Creator, is related to the strength of his brand. So he can use his token to finance his activities. At the same time, the subscriber can earn value if the brand of his subscriber grows.

USE CASE — ADVERTISING CAMPAIGN

- The Creator produces NFTs representing the right to use his advertising place.

- The Subscriber who made the best offer can buy the NFT to advertise his product or service on the Creator space.

- The Creator can decide if he wants to accept the offer from the subscriber.

USE CASE — LOYALTY BENEFIT

- The Creator can set stake levels and define how long the tokens must be locked.

- The Creator defines benefits related to the staking

- The Subscriber that stakes and lock his funds get an NFT that can represent a benefit. For example, the access to an event.

Trend

The chart shows how content creators will lead the product placement of services and goods. Combining this uptrend with economic tokenization makes it easy to understand that delivering the right decentralized tool to this market sector is crucial.

Who I am

I’m Valerio Mellini. I was a software architect with experience in microservices architecture and Cloud integrations. Since September 2021, I have been committed to the Cardano community to be proficient with DApp architecture and developments.

You can follow me on YouTube or LinkedIn.

The roadmap

Project sustainability

The sustainability of the project will be based on the same protocol offered to Subscribers and Creators.

40% of the token supply is available on SundaeSwap. The total supply is 100M. If you are interested and want to invest in the project, you can check on SundaeSwap, the couple ADA/ENS.

Please be sure that the ENSO policyID is: 8fb112f28bbc5b7479810c6e2f28badbaf3eb26fe3ad0591a896386e

In the meanwhile, I am at work to finance the project with an ISPO.

If you are curious about the idea and want to know more details, please write me.