Feedback on some dApp ideas

[liberdapps]

Hi!


We’re from LiberDApps, a small team that builds crypto solutions powered by smart contracts, mostly focused on the Ethereum network.

We came up with a few dApp ideas and we were hoping to get some feedback from the community to guide the development (or not) of such ideas.

1. The first dApp idea would be a crowdfunding app where you could create any number of campaigns, accept funds and withdraw them at any time. The goal would be providing a decentralized and censorship-resistant crowdfunding platform.

2. The second dApp would be an escrow market that puts together buyers, sellers and mediators. A seller willing to accept payments in ETH (or ERC-20 tokens) could agree with the buyer on a trusted mediator who would step in to help with any disputes. Mediators would have powers to refund the buyer or release funds to the seller depending the outcome and, as an incentive, they would charge a small fee. The dApp would also have a rating system where buyers, sellers and mediators can leave feedback among themselves.

3. Third idea: a Tokenizer tool. The goal would be providing a way for people to create their own ERC20 tokens without any coding experience. These tokens could represent physical and digital goods. The tool would also deploy a simple platform where users could purchase these tokens from you and you'd be able to manage the token supply and withdraw any funds made from sales. The tool would also give you a plug-in to include in your website to allow direct purchases of your token. Finally, given the ERC20 nature,  token holders -- people who bought the token from you -- could exchange them freely afterwards (peer-to-peer marketing) and you, as the token creator, could accept redemption of these tokens in exchange for the actual goods.

4. An Ethereum SmartWallet embedded with features like a testament tool (which would transfer the ownership of the wallet to your loved ones in case you die, together with other details you'd like them to see like passwords, crypto seeds, PIN numbers -- all encrypted from outside viewers), ability to deposit and transfer ERC-20 tokens and earn interest on these deposited assets.


5. Finally, a BettingHouse maker. With this tool, you'd be able to own a smart contract where you, as the owner, could propose events involving sports, crypto prices, elections, etc. with their potential outcomes (defined by you) and attract gamblers to place bets on these events. People who bet on the winning outcome would split the stake among them and you, as the house, you'd get a small fee made from all bets.

Does any of these ideas cause any reactions?  Any feedback would be deeply appreciated.

Thanks!

[Kavelj22]

Hi!
Before adding few thoughts about the dapps you mentioned, i would like to know if you are willing to build all of them or just choosing which one will be developed according to community feedbacks?

1. The first dApp idea would be a crowdfunding app where you could create any number of campaigns, accept funds and withdraw them at any time. The goal would be providing a decentralized and censorship-resistant crowdfunding platform.

I think this may work only with traditional crowdfunding IPO (Initial Public Offering) if you are willing to lunch your own token. Otherwise, if you are willing to help crypto crowdfunding, no need to create a unique token for the dapp.

2. The second dApp would be an escrow market that puts together buyers, sellers and mediators. A seller willing to accept payments in ETH (or ERC-20 tokens) could agree with the buyer on a trusted mediator who would step in to help with any disputes. Mediators would have powers to refund the buyer or release funds to the seller depending the outcome and, as an incentive, they would charge a small fee. The dApp would also have a rating system where buyers, sellers and mediators can leave feedback among themselves.

A market for what in exact? I think this may work if the marketplace is for digital goods. An escrow system for physical goods marketplace requires a lot more settings and partnerships in addition to legal authorizations.

3. Third idea: a Tokenizer tool. The goal would be providing a way for people to create their own ERC20 tokens without any coding experience. These tokens could represent physical and digital goods. The tool would also deploy a simple platform where users could purchase these tokens from you and you'd be able to manage the token supply and withdraw any funds made from sales. The tool would also give you a plug-in to include in your website to allow direct purchases of your token. Finally, given the ERC20 nature,  token holders -- people who bought the token from you -- could exchange them freely afterwards (peer-to-peer marketing) and you, as the token creator, could accept redemption of these tokens in exchange for the actual goods.

Why you focus only on ERC20 tokens? Ethereum virtual machine does this already.
In general, many companies try their best to compete with ethereum and avalanche in the smart-contract industry, it's not that easy to take part from the cake with them.
Better to provide more technical info so we can help you.

4. An Ethereum SmartWallet embedded with features like a testament tool (which would transfer the ownership of the wallet to your loved ones in case you die, together with other details you'd like them to see like passwords, crypto seeds, PIN numbers -- all encrypted from outside viewers), ability to deposit and transfer ERC-20 tokens and earn interest on these deposited assets.

Useless dapp. No one will think to share his private codes with others (even his closed) and can hold them in a secret place so we can find them if he dies.

5. Finally, a BettingHouse maker. With this tool, you'd be able to own a smart contract where you, as the owner, could propose events involving sports, crypto prices, elections, etc. with their potential outcomes (defined by you) and attract gamblers to place bets on these events. People who bet on the winning outcome would split the stake among them and you, as the house, you'd get a small fee made from all bets.

You can ask about this dapp in the Gambling section. users out there have better experience interacting with this kind of Dapps and may give you a help-hand.

[mexite]

You've got some good ideas up there but I will only comment on the first two.

1. There are a many crowdfunding platforms in crypto nowadays. In fact all these launchpads are examples and I'm tired of just seeing launchpads or crowdfunding platforms spring up here and there without any new innovations. If you must create a crowdfunding platform, then it must be different. One of the features could be "fund release on escrow based on milestone achievements".

2. For number two, this could be integrated with one, and will only be pragmatic and less cumbersome if it's for digital goods.

[liberdapps]

Hi Kavelj22 and mexite!

Sorry for the very late answer -- for some reason, I missed the notifications!

First of all, thank you both for taking the time to look at the dApp ideas and sharing your thoughts!

Answering Kavelj22's question: our goal was getting some initial feedback from the community in order to decide whether or not we should put more time into researching/developing the dApps. We were willing to move further only if we could perceive some sort of interest from the community.

Now, talking about the dApps:

1. Regarding the crowdfunding platform, the idea would be allowing anyone to launch and manage their projects through a friendly interface. No custom tokens would be involved: through the dApp, users would have a dedicated smart contract seamless deployed for them and that smart contract would be responsible for managing projects and dealing with funds from supporters. Project creator would specify the description of project, the required funds and also the milestones. So, once a project is funded, funds are released according to the milestones, meaning that supporters can actively monitor the progress and vote to approve (or not) further development  -- by releasing additional X% of the funds. If the majority of supporters decide to halt the project, for example, everybody gets a refund -- considering the remaining amounts -- and the project is cancelled. mexite, you had mentioned "fund release on escrow based on milestone achievements" which I believe is exactly what we were thinking here. How does that sound to you?

2. Regarding the escrow market, yes, we were thinking about marketplace for digital goods. Our original idea would be providing a peer-to-peer way for people to exchange cryptocurrencies -- involving or not fiat currencies -- without centralized exchanges. It would be a bit like LocalBitcoins or LocalCryptos, but without having a centralized infrastructure and without relying on centralized mediators. The way we thought this could be archived was by having a smart contract that would allow anyone to sign-up as a buyer, seller and/or mediator. Buyer would agree with the seller on a trusted mediator and the smart contract would provide the mechanics for transactions to happen, and for mediators to step in (if needed). I guess this could work with any digital goods, not only cryptocurrencies, but perhaps focusing on cryptocurrencies might work better. Not sure.

3. Good point. We thought of focusing on ERC20-tokens since it's the most common market. We thought that with the ever-growing interest in the cryptocurrency industry and tokenization, a simple interface for people without coding experience to create their own tokens would be useful somehow. But you're right that there are other smart-contract platforms out there that we may explore.

4. Yes, the SmartWallet with testament-capabilities would indeed require a level of trust that perhaps most people would not put on it. We received some similar feedback about that.

5. Thanks for the heads-up! I'll comment on the gambling section and see if we can get any reactions about the betting dApp.

Thank you all again for your time and any further feedback would be deeply appreciated!

Best.