Playify

Playify

Inspiration

Encouraging DAO participation is difficult. Currently, it is almost impossible to build a strong community without raising a lot of funds from the members of that community. However, we know that decentralized communities don’t always have members who are able to invest money into the system. We wanted to build a system that allows these members to earn the token of their community, while maintaining a measurable token emission for the DAO projects.

What it does

Playify is a set of smart contracts that allows DAO’s to create an incentive to participate in community activities. Currently, these activities are limited to simple games on the Playify platform. DAO’s send their tokens to the smart contract to mint a new token(xtoken) that is 1:1 convertible to the Playify points. Playify points are earned through playing games that are available on the Playify platform and are not logged on the blockchain. The games on the Playify platform have predictable scoring that makes it easy to design a Play-to-Earn system on. DAO members or players can play games on the Playify platform to earn points, with which they can redeem it for xtokens of any token that is currently available on the Playify platform. To encourage DAO participation, a leaderboard is kept to incentivize community building.

How we built it

Built with Tailwind.css + Ethers.js on the front-end and hardhat + solidity for the development of the smart contract

Challenges we ran into

Optimizing the specific use-case for Diverse Up for legacy tokensUsing the blockchain scanner of evmos blockchain was very hard.

Accomplishments that we're proud of

We have completed this project where a Web 2.0 and Web 3.0 integration was needed. This project was quite challenging, as it dealt with real-life economics, an area where our expertise isn’t up to par. However, we believe that we designed a system that allows for any DAO to incentivize their community as they wish. We hope that Playify will help build any vibrant DAO’s on the EVMOS blockchain.

What we learned

While working on this project, we learned that an incentive system is difficult to build. But we believe that we can overcome this challenge by making it up to the token issuer to input a token-to-xtoken rate that is appropriate for community participation.

What's next for the Playify

• More games on Playify to earn on • Allow new submissions of games for the public • A bot that tracks community engagement on Discord and Telegram • A clan system to allow competitions and team building within DAO’s • Improve the exchange system of xtokens on Playify

Built With

• ethers
• hardhat
• solidity
• tailwind