KERNEL WEEK 5 Update
All new branding, 3D design, Website, Scalability, Tokens, Demo and pitches. The last two weeks where packed!
Things are coming together
Hey another week and another update from Kernel. We really feel how things are coming together and with each day this project gets more serious. Our Team was working an a fully rebranding. Since this project combines Lifestyle with Tech and Finance this is quite a challenge. Besides designing we also get some business stuff done with a application the Tachyon accelerator from ConsenSys and Protocol Labs. Things where also moving forward on the development side, we integrated Roll for the token minting process and 3Box for profiles. So lets go through it in detail:
Hack FS Delivery
We submitted our working Demo to Hack FS together with the Pitchdeck. It's built around 3box and IPFS for both user profiles as well as storing video data. The frontend uses React, Next.js, and TailwindCSS to build a lightweight client. We integrate with TryRoll for token minting and wallet integration, and we use Abridged for efficient layer 2 erc20 transactions. Check it out!
DFAME Brand concept
The Requirements
The magic of DFAME is its unique concept where it brings different worlds together that never met before: Lifestyle, Technologie and Finance. This clash of backgrounds should be experienced in the brand.
We have to represent different worlds and combine them in a minimalistic but unique approche. It should look playful, trustfull, modern and unique with a sparkle topping.
Represent Lifestyle - Trends, Hype and industries that reinvent themself.
Show trust - At the end it is also about finance and money.
Be a friend - Communities grow with us and we grow with them.
The Idea
DFAME funnels in the followers and turns them into a thriving community where every member and the creator earns from the growth. A good visual example for this funnel is a crystal or a prisma where the light gets funneld in on one side and the fully visible color spectrum is to see for human eyes
An minimalistic and adoptive concept that can lead to an iconic visual experience for the future of communities
The Concept
An adaptive Iconic element.
The Logo is customizable, reusable and adaptive in a lot of different ways. Which leads to the possibility to reinvent the brand with the advance of culture. DFAME can give every creator a own crystal based on their main color!
Typography and Brand Elements
Since we take you through the full build process of DFAME, you can click through the full first brand proposal here:
New Landing Page and Pitchdeck
Since we have a new branding we also developed a new Landing page where you can read more about every DFAME aspect and learn how it works. We also opend pre registrations to create a waiting list for early users.
Pitchdeck
Yes a lot of things are new also our Pitchdeck.
Further Development of the Token Economics
Phase A: Brand-Community curation market
A system to incentivize cross-collaboration through a continuous token bonding curve.
Tokens are minted as needed and used within the application when required.
Basic steps:
With DAI a user can buy a new token ($C-Token) through a smart contract. The DAI is kept as a deposit (reserved token) within the smart contract.
The buying price is determined by the current supply of the new token ($C-Token). This price is coded according to the algorithmic curve.
At any point in time, someone can sell back their $C-Token and get out an appropriate reward that is set by a sell curve.
Every community will have its own bonding curve liquid market.
The value derived from curved bonding is that it rewards members for access earlier in the community. Creating different tokens for each community fits the value each one of them produces.
A member must hold a requited number of tokens to unlock different content.
Each community has its own pool(xPool). The functionality of it is to reward members within the community. Every time a new user joins the community, we mint an additional percentage number of tokens which would be deposited into the xPool. When the member wants to sell the tokens, a fee tax is defined when burning the token to withdraw DAI. The percentage of DAI goes directly to the xPool. The tokens can be managed for the good of the community. Either if new user access to the community or wants to sell their tokens to make a profit, the value of a member will increase.
This mechanism rewards and incentives early members and the engagement they have within the brand-community.
xPool
The d parameter is a % of the tokens a user wants to buy, and those being distributed, e.g. within the members of the brand-community. When the member wants to make a profit, the exit price is defined by the Sell curve with a lower exponential parameter. The $C-Tokens sent to the Bond Smart Contract must be burned and the profit to distribute will be set by a sell taxation parameter t which is defined as a % of the tokens value in DAI.
The Creator will be the owner of the pool but won’t be able to withdraw the tokens. He can define how the tokens will be distributed within the members of the community.
Example:
The user wants to be part of the community and buys with 100 DAI the membership access at rate 0,1 $C-Token/DAI and the distribution parameter d at 10%. The Bond Smart Contract will mint 10(1+d) $C-Tokens. He will own 10 $C-Token and the community xPool will have 1 $C-Token.
The member wants to sell his tokens now at rate 0,4 $C-Token/DAI. He has 10 $C-Token that will make him receive 400 DAI. The trading profit is 400(1-t). Setting t at 1% he will make a profit of 296 DAI. The community pool now has 4 DAI.
Token metrics
Every token will be issued by Roll.
Total Supply: 10M
Initial Supply: 2M
Monthly vesting: 2,28% ~ 228571
Cap reached: 3 years
Phase B: AMM - Liquidity Provider
You wanna learn more about the Phase B ? Subscribe to our newsletter since we will cover this in the next week!
Thanks for reading!
Feel free to reach out to us for any feedback. We are excited to get to know you. And don’t forget to follow us on Twitter and register yourself as an early.
follow us @dfame_app on all socials
get in contact hello@dfame.app
learn more on dfame.app