Free TON

FreeTON Venture Hub: Architecture and Onboarding

Contest dates

Submission period: 05.07.2021 - 25.07.2021
Voting cycle: 10 days

Short description

Elaborate architecture (conceptual design), onboarding and operating processes of FreeTON Venture platform.

Type

Contest proposal.

Motivation

The aim is a comprehensive system design for FreeTON venture platform (Venture Hub), as well as a clear understanding and description of the project engagement processes and the initial operating processes of the platform.

The platform should be a place where large businesses and early growth projects from all over the world can receive funding from or via support of different FreeTON participants and implement blockchain technologies in their processes, and venture funds can find new markets and projects.

General requirements

Your submission should include:

  • General system’s architecture and examination framework of projects.
  • Logics and description of processes in the system.
  • Detailed description of the process for engagement and examination of incoming projects. The process should include scrutiny for the use of blockchain in project/business operations.
  • Detailed implementation plan of the system.
  • Full name, brief curriculum vitae and contact information of a contestant (Telegram address, email).

Your work and the proposed solution must be:

  • Original. It should not include more than 10% of other contestants’ works;
  • Implementable. Keep in mind the features, specifics and goals of FreeTON;
  • Consistent. Its elements should not contradict each other and the FreeTON Declaration of Decentralization;
  • Safe. It must ensure a due level of funds’ security;
  • Modern. Inspire by the leading market solutions.

Evaluation criteria

1) Hard criteria

  • Solution presentation language - English.
  • Processes of interaction with engaged projects should be onchain and decentralized.
  • Interaction processes should take into account the convenience of interaction and attraction of projects from different countries.
  • The solution is based on the studied cases of similar systems in other blockchains.
  • The solution is based on the studied experience of venture capital industry organisations / funds.
  • The solution describes the mechanisms of interaction of venture funds with the FreeTON blockchain.
  • The solution benefits all participants in the process: FreeTON, venture funds, engaged projects / businesses.

2) Soft criteria

  • Detailed and easily understandable charts explaining the architecture and system processes.
  • Brevity.
  • Mostly everyday English to facilitate understanding.
  • Readiness to participate in the implementation.

3) Artifacts

  • Venture platform’s architecture detailed scheme and description (brief narratives).
  • Step-by-step description of work within the venture platform.
  • Concept of onboarding for the adaptation of the Hub in Free TON (format: .pdf, presentation or web platform).
  • Concept of engagement to involve projects in consideration and work on the platform (in the Hub).
  • Sequential plan of tasks with a deadline for their implementation.

Rewards

1 place ………………………. 55 000 TON

2 place ………………………. 30 000 TON

3 place ………………………. 15 000 TON

Voting

  • Jury members who vote in this contest must have a solid understanding of the technology. Those jurors who don’t, should not vote or choose “Abstain.”
  • Jurors whose team(s) intend to participate in this contest by providing submissions lose their right to vote in this contest.
  • Each juror will vote by rating each submission on a scale of 1 to 10 or can choose to reject it if it does not meet requirements or choose to abstain from voting if they feel unqualified to judge.
  • Jurors will provide feedback on your submissions.
  • The Jury will reject duplicate, sub-par, incomplete, or inappropriate submissions.

Jury rewards

An amount equal to 5% of the prize fund will be divided equitably between all jurors who vote and provide feedback based on their votes’ quantity and quality. Both voting and feedback are mandatory to collect this reward.

Governance rewards

An amount equal to 2% of the prize fund will be divided equitably between all governance members.

Procedural reminders to all contestants

  • Accessibility. All submissions must be accessible for the Jury to open and view, so please double-check your submission. If the submission is inaccessible or does not fit the criteria described, jurors may reject the submission.
  • Timing. Contestants must submit their work before the closing of the filing of applications. If not submitted on time, the submission will not count.
  • Contact information. All submissions must contain the contestant’s contact information, preferably a Telegram username by which jurors can verify that the submission belongs to the individual who submitted it. If not, jurors may reject your submission.
  • Content. The content published in the forum and the provided PDF file should not differ, except for formatting. Otherwise, jurors may reject the submission.
  • Well-formed links. If your submission has links to the work performed, the content of those links must have the contestant’s contact details, preferably a Telegram username, so jurors can match it and verify to whom the work belongs. If not, jurors may reject your submission.
  • Multiple submissions.
    • Each contestant has the right to provide several submissions if they contain different approaches to the contest problem’s solving. However, if works are not unique enough or differ just in insignificant details, jurors may reject such repeating submissions.
    • If the contestant wants to make an additional submission that overrides the one previously published, he must inform the Jury about this fact and indicate the correct revision to assess. In this case, only the indicated work will count. If the contestant hasn’t indicated the updated submission as the correct one, only the first one will count, the Jury will reject all the others.
4 Likes

Is this a Launchpad analogue project?

1 Like

Great idea! Thanks! I am dreaming to have such a venture investment platform in the Free TON.

2 Likes

do you mean Binance Launchpad | Binance?

Лаунчпады ( Launchpad ) - это платформы, на которых начинающие криптопроекты могут привлекать капитал для дальнейшей разработки и запуска. Они также помогают в создании сообщества вокруг криптопроектов, особенно за счет объединения инвесторов и разработчиков на ранней стадии. В то время как новые проекты привлекают капитал, инвесторы получают ранний доступ к инновациям с высоким потенциалом стабильной прибыли.

1 Like

It’s like as Ton Seed ?

1 Like

No, TON Seed is a platform where very young startups come, new ideas or those who have no profit.

Venture Hub is a platform to which ready-made large businesses will come, which have a profit, audience, etc. But to expand the market or test a new product, they need investments.
On the Venture Hub, they will be able to learn how they can integrate our blockchain into their business system, raise capital and become major partners.

For beginner projects, there is TON Seed.
Venture Hub is a platform where large businesses from all over the world can receive Free TON funding and implement blockchain technologies in their processes.

добавьте это в шапку, не очень понятно из описания

1 Like

now in the Motivation section, thank you

а когда будет голосование по этому конкурсу или его уже приняли ?

Конкурс ещё не приняли. Сейчас собираем мнение сообщества. После опубликуем как proposal и будет голосование

The contest has not yet been accepted. Now we are collecting the community’s opinion. After we publish it as a proposal and there will be a vote

Absolutely cool thing, I think ft should have this contest

2 Likes

Hello! Direct support. Also add the ability to add private self-employed.

1 Like

Many thanks! In what format do you see the possibility of adding self-employed?

1 Like