/TokenFest

A Dao + NFT where people make there dreams real

Primary LanguageTypeScript

Token Fest: Revolutionizing Web3 Community Building, Event Creation, and Secure Crowdfunding

A Dao + NFT where people make there dreams real

Welcome to the future of decentralized communities, events, and crowdfunding, all made possible through the seamless integration of NFTs, DAOs, and cutting-edge Account Abstraction (ERC4337). With Dream Starter, you are the architect of your digital realm, where trust, transparency, and innovation converge.

🌐 Create Thriving Communities:

  • Build your unique digital ecosystem where individuals gather, collaborate, and thrive.
  • Harness the power of decentralized governance through DAOs, empowering community members to participate in decision-making.

📅 Host Diverse Events:

  • From intimate pool parties to grand football spectacles to groundbreaking hackathons, turn your vision into reality.
  • Effortlessly schedule, manage, and promote events within your community, all with the click of a button.

💰 Secure Crowdfunding with NFTs:

  • Redefine event financing by leveraging NFTs. Allow participants to invest in events by purchasing event-specific NFTs.
  • Ensure trust and accountability with milestone-based funding, and watch your event come to life with community support.

💼 On-Chain Expense Tracker:

  • Bolster security and prevent fraud with our on-chain expense tracker.
  • Validate event organizers' financial actions transparently, allowing for immediate intervention if discrepancies arise.

💱 Stablecoin Funds and Voting Power:

  • Funds are securely held in stablecoins like sDai, minimizing volatility and ensuring financial stability.
  • Give your community a voice with voting rights on key decisions, placing the power back in the hands of your members.

At TokenFest, we are not just revolutionizing the way communities are built, events are hosted, and funds are raised; we are paving the path to a more inclusive and transparent Web3 ecosystem. Whether you're dreaming of the next Tomorrowland or a simple poolside get-together, our platform enables you to create, govern, and fund your digital ambitions with confidence.

Join us at the forefront of Web3 innovation, where collaboration knows no bounds, and trust is embedded in every transaction. Token Fest is your gateway to a new era of decentralized excellence.

Overall Idea:

Imagine a community-powered event platform where NFT purchases equate to investing in exciting event ventures. Users can either create events themselves or propose them to the community. Event organizers may need to stake to ensure trust, with validation methods tailored to each scenario. Additionally, crowdfunding events offer NFT holders revenue-sharing opportunities, and a user-friendly app ensures transparent profit-sharing. This innovative platform brings together community-driven event creation, crowdfunding, and NFT investments seamlessly and securely.

A. First Aspect - Event Creation and Crowdfunding Scenarios

Scenario 1: User-Initiated Events

  • Any community member can create events or delegate event organization through mutual agreement.
  • Event organizers must stake funds for larger events, ensuring community trust and preventing fraudulent schemes.
  • No central review; community members collectively govern all aspects of the event.

Scenario 2: Proposal-Based Crowdfunding

  • Organizers propose events, followed by community voting to gauge interest.
  • High-demand events with substantial funding require organizers to stake funds.
  • Event validation methods include user consensus, audience polls, or a hybrid approach.

Scenario 3: Ideation and Staking

  • The app users can suggest event ideas on an idea board.
  • Ideas gaining a threshold level of support trigger a vote.
  • Approved organizers must stake to proceed, ensuring commitment.
  • Funding validation methods align with community preferences.

B. Second Aspect - Crowdfunding for Revenue Sharing

  • Treat NFT purchases for events as similar to investing in an ICO/IPO.
  • Users can crowdfund events, with NFT holders receiving a share of event revenue.
  • Utilize a flexible app for ticket redemption to transparently calculate profits.
  • Staking requirements may apply for event organizers, depending on the event's nature.
  • Organizers can pitch their ideas before initiating crowdfunding.

Additionally, TokenFest will use NFC tags to distribute POAPs for TokenFest Collab and Holder, ensuring that only POAP users can give reviews and ratings. This setup also provides insights into event income sources, including advertisements. A two-week dispute period is included in the validation process, allowing stakeholders to raise and substantiate discrepancies.