In recent days, while we were feeling the peak of community interest in our product through the waitlist we launched, the MintroAI team participated in the BlockJam Hackathon organized by Theta Blockchain. Here, we had the opportunity to meet different projects, connect with people from different ecosystems, and test our own technology. During the hackathon, our first task was to integrate with Theta Blockchain. Users can now issue tokens and vesting on Theta. Building on this, we developed our dynamic pricing mechanism, which made a big splash throughout the hackathon.

In this article, we will briefly share our team’s experience and we won’t make it too long, but we will cover the main points.

The Excitement of the Hackathon and Project Integration

We participated in the hackathon with a different project and quickly integrated the Theta blockchain. Users can perform token and vesting (time-based locking) transactions on the Theta network. The most notable part was our pricing mechanism. Users encounter dynamic pricing on every blockchain; this allows them to easily manage the network’s native tokens and vesting.

In the system we developed, users appear to be paying in dollars, but behind the scenes, everything is calculated using native coins. This provides users with a transparent experience: we use an algorithm that calculates the payment amount, which automates network fees, dynamic prices, and even background payments. Users can complete transactions without making native coin payments. In short, we handle the conversion and calculations in the background.

Off-Chain Signing and Smart Contracts

We opted for the offchain signing method for security and efficiency. We sign transactions through a signer wallet, which speeds up user interaction with smart contracts. During the signing process, we include elements such as;

• nonce (unique number),
• deadline,
• message hash.

This makes the signing both secure and tamper-proof. In the later stages of the hackathon, we focused on enabling users to deploy their own smart contracts. This allows them to verify the values we signed on their end. Details such as the Chain ID, the hash of the contract bytecode, the payment amount, and the final deadline for the signature make the process random and secure. Users can deploy their contracts by using the nonce value we signed just once.

User Experience (UX) and Additional Features

Our biggest innovation was establishing a user-friendly system instead of charging hardcoded transaction fees. Users can deploy contracts with a single transaction. This both enhances the UX and eliminates multiple steps. For example, we added coupon codes: Users can get discounts by using coupons received via methods such as Near Chain Signatures or pay extra fees on the target chain.

Thanks to these features, we have made blockchain more accessible for developers and end users. The most important thing we learned at the hackathon is that user accessibility is critical, alongside technical innovation. Now, anyone can easily perform complex blockchain transactions.

Why is it matter?

One of the most challenging issues for users in the blockchain ecosystem is usually ease of use and transparency. The system we have developed makes a big difference for both developers and end users:

• Users know exactly how much they will pay in advance.
• The pricing process is completely transparent, dynamic, and automatic.
• Flexible pricing is possible for different scenarios during deployment.

TL;DR

With the dynamic pricing system we developed at the BlockJam Hackathon, we introduced a significant innovation not only from a technical standpoint but also in terms of user experience.

Our goal is to make applications on the blockchain more accessible, flexible, and user-friendly.

For us, this is not just a hackathon project; it is also the first step toward an approach that could become standard in future blockchain solutions.

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