START & More Tokens (STM tokens)
This project aims to tackle three challenges at the same time. The reason for the selection of the challenges. NEO challenge: NEO has lower transaction fees for smart contract implementation than Ethereum. Swisscom challenge: Digital representation of an asset as utility token helps to gamify participation. START token challenge: Events inherently are dependent on vivid event participation and revisits.
Oftentimes, people don't value what they get and are not engaged despite huge efforts. In short, this project aims to enable higher interactions and engagement through gamifying events with the help of STM tokens. Participants' benefits are hereby merit-based. We programmed an app that allows to exchange value, because we believe everything has value. Even though each meal is free for participants, it was sponsored by companies.
Our business is highly scalable: The sponsors buy the tokens from the event organizers, to distribute them later to the participants to enable higher engagement throughout the event. The event participants take part in several activities with the incentive to get more tokens to get additional benefits, such as talks with VIP people, another beer or price reductions for further revisits. We aim to use our app as a white-label product to sell it to more similar events, allowing us to generate continuous revenue stream.
Just imagine you would have gotten this tokens for this hackathon! The participation in the many different activities would have been higher, resulting the "hackers" to connect better with others.
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