Short Summary (1min read):
During the discussion, the team elaborates on EOSDEN's platform, reward system, and review decay system. They also explain how to add solutions to the platform, and the steps for approval. Two phases of NCO token utility are mentioned, and affiliate collaboration is demonstrated. Looking ahead, EOSDEN's production launch is planned for late May/early June. Connections with Pomelo, a crowdfunding platform, are also noted. The meeting ends with the team chanting "Go EOSDEN!", demonstrating their excitement for the project.
Full Summary (8min read):
The session starts with Patrick greeting the other participants, namely CAC, Lennar, and Vlad. They all express enthusiasm for the updates and demos they plan to share during the meeting.
🔍 Explanation of EOSDEN
Patrick begins by explaining EOSDEN, an EOS Digital Extended Network that aggregates different Web3 solutions from the Antelope Network Coalition. EOSDEN has different affiliate types, including Network Advertisers, Content Creators and Web3 Solution Providers. Each solution requires one EOS account.
👥 User and Affiliate Verification
Every affiliate on EOSDEN can collaborate and add a solution. Additionally, each affiliate becomes a user on the platform. Users on the platform are automatically verified if they have voted in EDEN on EOS or participated in Pomelo. If a user does not have these verifications, approval by the core EOSDEN team with an MSIG (multi-signature transaction) is required. Vlad explains that the point of the MSIG is to ensure that the decision of adding projects to EOSDEN is not centralized. Multisig is used when a user needs to be verified or when an affiliate adds a solution.
🌐 EOSDEN Website Overview
🎨 EOSDEN Banner Explanation
CAC explains the metaphor behind the banner on the EOSDEN website. The brain in the middle represents EOSDEN's MindMap from MindWeb.io. The left and right branches are images representing a network, showing how developers can create solutions and applications. The figure jumping symbolizes the collaborative aspects of EOSDEN, where different solutions can collaborate and users can jump from one Antelope Network to another, taking Web3 information and data with them.
📄 EOSDEN Whitepaper
Patrick details the EOSDEN whitepaper, which explains the model of EOSDEN at a high level. It includes every action of the EOSDEN smart contract, which is always on-chain. Every action has an intent, the process to do the action with parameters, and the steps to follow. The whitepaper also includes the NCO tokenomics model, detailing the distribution mechanism.
📰 Medium Article
A Medium article from February was brought up, which explains the importance of collaboration on EOS and other platforms. The article describes the paradigm that led to the creation of the EOSDEN platform.
📹 EOSDEN Story
💰 NCO Token
EOSDEN uses the NCO token as liquidity for the system. The token is accessible on Defibox, paired with EOS. The token's details and workings are fully explained in the whitepaper.
The knowledgebase on EOSDEN is a semi-automatic Mindmap that everyone can send information to. This allows a community-led collection of knowledge, with manual verification to decide what is added or removed.
🛠️ KM Suite
The KM Suite is a tool allowing different affiliates to communicate securely, share documents, and use real-time peer-to-peer web communication. It does not require the use of Telegram or Discord and is currently in its finalization stages.
The EOSDEN platform is a React web app that features a main feed with various Web3 solution categories such as social and games. Lennar explains that each category displays different cards that detail each solution, including a rating system and a smart contract action description. A solution’s transparency status is noted by color (green for open source, red for closed source, yellow for partially open source). Solution rankings are determined by the star ratings which can be decimalized (e.g., 3.5, 4.6). Users can select a solution by clicking "open solution". There are currently seven solutions available on this demo version which are set to go into production.
🔍 Categories and Solutions
The platform provides categories to help users filter the solutions they are interested in. Some of the categories include DeFi, Social, Analytics, and Education, among others. For example, the DeFi category features solutions like CTF. Each solution also allows for hyperlinks within their descriptions for easier navigation.
💡 Solution Details
When opening a specific solution, the platform provides more detailed information. It includes the solution's social media links like email, GitHub, Twitter, and Telegram. The platform also allows users to directly access a solution's GitHub repository by clicking on the "Open GitHub" button. If the solution has multiple repositories, the button opens a selection to choose from different repositories. If there's no repository linked, the "Open GitHub" button doesn't show.
💻 Platform Interactions
Users can give a review on the solution, and the review may include links to documents. After writing the review, users can sign it using their wallet (e.g., Anchor Wallet or Wombat Wallet) and the review appears immediately on the page, where it can be edited or deleted by the reviewer.
💰 NCO Rewards
EOSDEN's platform has a reward system based on NCO tokens. Users can earn $NCO for different actions, such as leaving a review or giving a rating. Once a review or rating is submitted, the tokens are automatically transferred to the user's account. Similarly, an affiliate adding a solution to the platform and accepting a collaboration request also yield $NCO. A user's EOS account needs to be verified to be eligible for earning NCO tokens.
⭐ Solution Rating System
Ratings on the platform are given by sliding a cursor, allowing users to easily assign a rating from one to six. The overall rating for a solution is calculated by summing all the ratings and dividing by the number of people who have rated, resulting in an average rating.
⌛ Review Decay System
The platform aims to implement a time-weighted system for reviews, where a review’s relevance would decay over time. This is important because products or services can change over time, improving or deteriorating. Thus, a negative review from a year ago would not weigh as heavily as a positive review from the recent week. However, this system is not yet incorporated into the platform's smart contracts.
The rewards for reviews are fixed in dollar terms, and the equivalent amount of NCO tokens is computed based on the prevailing rates.
➕ Adding a Solution on EOSDEN
Affiliates can add their own solutions to the platform. To do this, the user needs to provide various information, including the type of affiliate they are (Web3 Solution Provider, Network Advertiser, or Content Creator), solution name, description, affiliate role, affiliate email, and category. Social media handles and GitHub usernames can be added without the full URLs.
Affiliates must also specify whether the solution's code is fully open source, partially open source, or closed source, and provide a link to the code if available. The solution's logo can be uploaded and once all the information is filled out, the affiliate submits the solution for review. This submission requires approval from the multisig group.
🔑 Solution Approval
Members of the EOSDEN core team log-in to approve proposed solutions. In the example given, Vlad's proposed solution is seen, approved, and then executed by Patrick. The solution then becomes visible on the platform under the chosen category, here DeFi, with its logo and other provided details.
💰 NCO Token Utility (Phase 1):
In phase one, the utility of the NCO token is somewhat limited. Users can opt to swap their NCO tokens for EOS tokens on DeFibox, or they can hold on to their $NCO.
🔗Affiliates → Users
The process of adding an affiliate solution automatically verifies the affiliate as a user, making them eligible to reward other affiliates, give reviews, and rate solutions. More incentives and functionalities for the NCO token are expected in phase two.
💹 NCO Token Utility (Phase 2)
In phase two, the NCO token will form part of the mechanism for profit distribution, working similarly to equity in a traditional company. If a user owns and stakes a certain percentage of NCO tokens, they will be eligible to receive a proportionate share of the platform's profits. More details of phase two are laid out in the EOSDEN whitepaper.
👥 Affiliate Collaboration
Affiliates can collaborate on the platform. To start a collaboration, a user logs in with their account and navigates to the desired solution. They can then send a collaboration request. The collaborating party has the option to accept or reject this request. Once accepted, both parties are now in collaboration, and the party that accepted the request receives NCO tokens as a reward. Affiliates can communicate with each other via email, GitHub, Telegram, or Twitter.
🚀 Launch Timeline
Patrick shares that they aim to launch the first phase of EOSDEN production by the end of May or beginning of June. He mentions that affiliates can either send their information themselves, or an EOSDEN admin can do it for them. The aim of this gradual testing is to spot any issues and make adjustments to ensure the system is robust.
🤝 Collaborations and Appreciations
Patrick expresses his gratitude to CAC, Vlad, and Lennar for their work and collaborative effort. He specifically gives a shoutout to CAC for the productive partnership, mentioning the contributions CAC made towards EOSDEN's logo, banner, white paper, and more. CAC responds by emphasizing his pleasure in working with Patrick, highlighting the importance of feedback and teamwork in their collaboration.
🔍 EOSDEN Features
The EOSDEN team highlights that all solutions in the platform will be on-chain and that they even have the potential to put the entire website on IPFS. Lennar notes some difficulties with communicating with chain APIs but is confident he'll be able to fix it.
Patrick praises the EOSDEN team's straightforwardness and commitment. He adds that the EOSDEN platform serves as a beneficial tool for the EOS community. It allows affiliates to showcase their solutions, and users can review, rate, and eventually use these solutions.
💼 Stakeholders and Key Features
Vlad outlines the platform's key features that would be beneficial for different stakeholders. He points out the option for developers to see whether a solution is open source or not and then directly go to the code. The collaboration feature may serve as the initial point of contact between different solutions. He also notes that users looking for the best solution in different categories can go and view the top-rated solutions.
🌱 EOSDEN and Pomelo
Patrick talks about the connection between EOSDEN and Pomelo, a crowdfunding platform. He notes that Pomelo grant owners, who are looking for funding for their solutions, can be listed on EOSDEN. They can then receive help from Network Advertisers like Jesse Jaffe. They are expected to support affiliates by creating more awareness of them on social media.
📈 Progress and Future Expectations
The team discusses their progress and future expectations. Patrick asks each team member about their feelings towards the project. CAC expresses satisfaction with the work done so far and looks forward to receiving community feedback to make further improvements. Lennar feels prepared for the upcoming launch and looks forward to iteratively improving the platform. Vlad echoes the sentiments, expressing his satisfaction with the platform and excitement for the impending launch.
🙌 "Meeting Closure"
Finally, the team closes the meeting in a unique way by raising their hands and chanting "Go EOSDEN!" in unison, signifying their readiness and excitement for the next steps. They say their goodbyes, thanking each other for their work and dedication.