The best part is only results are paid for... unlike current bounty / "viral loop"
So low risk to try solves for the "that won't work" response
We know that the octane fund failed because vetting startups is hard(and other reasons...)
But instead could do a simple bounty based on users of the app(different thesis than bootstrapping on existing DeSo users but of course they could still use).
Pay $1 million for every 100,000 users.
I bet you'd have plenty of people competing.
Also to make it less risky for the app builders and less all or nothing -> payout in milestones like $100k for each 10,000 users.
Total cost for 2 million users is $20m
That's a reasonable CAC and less than 10% of treasury.
To get different outcomes must try different things.
There are some challenges to avoid gamifying the numbers. Also users may use multiple apps, so the DAU doesn’t add up exactly. However, it’s an interesting idea that can be tuned towards implementation
Fascinating idea. I really like it.
Are there that many non-bot / non-airdrop farmer DAU in all of web3? :)
The core team should open source the Focus code to kickstart this developer ecosystem.
@mossified @nader - in case you missed this. If you have any questions/concerns with this, let us know and am sure we can come back to you with a more concrete proposal that you can put money behind. That way, the entire onus is NOT only on you to deliver the growth.
Sounds fair. To vet the #, am sure you can figure out the # of Identity calls coming from a said domain and break it down to get which app is driving what users to get users acquired and of course rely on the app's own analytics for DAU (to get users retained/active).
Any thoughts on how you prove real users Vs bots? Would it have to rely on wallet balance over $x?
I do think you are on to something interesting.