Cocoon Protocol (@CocoonProtocol) header
Cocoon Protocol (@CocoonProtocol) profile picture

Cocoon Protocol

@CocoonProtocol

dApp to generate DAO Basic Income 🐛🦋

linktr.ee/cocoonprotocol
Joined May 2022
  • Tweets49
  • Following17
  • Followers36
3Media
Photo by Cocoon Protocol (@CocoonProtocol)Photo by Cocoon Protocol (@CocoonProtocol)Photo by Cocoon Protocol (@CocoonProtocol)
So happy to announce Cocoon also won the @CeloOrg 🏆 for Universal Basic Income projects!
7
WE WON 1st Place for the @CoinbaseWallet bounty at the #ActivatexWormhole hackathon in Miami 🥳 looks like a dApp to generate #DAOBasicIncome is an idea worth building 💪🏾
2
2
17
How does @CocoonProtocol fulfill the #ActivatexWormhole bounties? We are glad you asked! @CoinbaseWallet @NEARProtocol @CeloOrg @storj @SkynetLabs @transak_
3
1
3
2
For @CoinbaseWallet we are looking to onboard the new generation of crypto users to utilize as a first line of payments, Coinbase makes it very easy for a user to create their first cryptocurrency wallet and begin using it immediately on Cocoon Protocol.
1
For all of our future users! Here is our Video Demo clipchamp.com/watch/lurnJFUS…
Ready to earn some $COCO??
Cocoon is READY for #activatexwormhole @activate_build you can see your project here: dorahacks.io/buidl/2884
Cocoon Project | Buidls | DoraHacks

Cocoon Project | Buidls | DoraHacks

dApp to generate sustainable income for Web3 communities

dorahacks.io
Cocoon is happening thanks to #ActivatexWormhole and @blu3dao
1
2
DAO basic income is generated by DAO member engagement with the advertisements as well as DeFi mechanisms like investing treasury funds in liquidity pools and staking.
How do DAO’s benefit of our Staking? Sponsors/companies pay to list on a community’s feed. This funding is added to the community’s treasury. 100% of the treasure is staked or added to AMMs to produce interest.
1
Interest is paid out to the community on a regular basis. Interest is paid out to the community members as a ‘DAO Basic Income’ (DBI). Communities can decide if some percentage of the interest goes back to the treasury (allowing them to have a higher DBI in the future.
Using @SkynetLabs we statically hosted the front-end of our dApp.
We are looking to onboard the new generation of crypto users to utilize as a first line of payments, @CoinbaseWallet makes it very easy.
We want to be inclusive to communities who are not yet onboard into crypto. For example, when we partner with local communities in Miami where we want to provide an easy way to onramp from fiat current to cryptocurrency to start using our platform, using @transak_
1
Ask us questions, come join our Telegram: t.me/+p4j2f6AH9n4zYmEx
The non tech side of the project @GreisyH1 @teresacd
Image from Cocoon Protocol (@CocoonProtocol)
On our front-end we also have @einsteinunicorn, she is working on the @transak_ @SkynetLabs integration to @CocoonProtocol
Image from Cocoon Protocol (@CocoonProtocol)
10
We are using @storj decentralized NFT storage with IPFS pinning to house our Cocoon proof of membership NFT badge images and metadata. This makes our NFTs more performant and secure.
1
5
The main benefit of using @storj is that storing the asset is truly decentralized across thousands of nodes around the world rather than in centralized data centers like AWS or GCP. Thanks to their Founder @super3 for helping us solve this at @CocoonProtocol
2
At @activate_build we created an ERC-20 solidity contract deployed on @CeloOrg for our $COCO tokens with a total supply of 100 trillion. These tokens will serve as rewards to activate contributors in each cocoon. In addition, tokens will act as points to earn certain NFT badges
1
2
The more tokens you earn, the more limited edition badges you get, which grows your share of the DAO basic income. The main benefit of using CELO is that it is carbon-neutral and has 5 second finality.
We are a DAO tooling platform to generate sustainable income for DAOs,using their most valued asset: their communities.
1
1
3
By connecting communities with value-aligned partners, they will be able harness the power of their active contributors to provide value to blockchain companies.
1
Cocoon...what?? Learn more about Cocoon in our Medium: medium.com/@cocoonprotocol/c…
1
Time to meet part of our Dev Team @daphachar @jb4earth from the @blu3dao Hacker House @activate_build
Image from Cocoon Protocol (@CocoonProtocol)
1
15
Load more