A secured and decentralized IDO and fundraising platform for Soroban and the Stellar ecosystem.
AllaaDev
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Deliverables List
1. Launch of SoroStarter's Project Voting Mechanism/Feature
- Brief description: This feature allows users and community members to join SoroStarter's governance mechanism and participate in the selection process by voting on projects to be listed for IDO. This ensures that listed projects align with the goals of the Stellar ecosystem and will positively impact it.
- How to measure completion: The governance feature will go live on the Soroban public network and will be fully integrated with our user interfaces. Users will be able to become governance members by staking XLM and they will be able to vote on projects for IDO listing.
- Estimated date of completion: 6th of August 2024
- Budget: $18,900
2. Launch of SoroStarter's Community Builder/Quest Platform
- Brief description: This feature allows users and Stellar community members to participate in marketing quests and events for projects with scheduled IDOs, earning loyalty points, rewards, and airdrops. It serves as part of the IDO marketing infrastructure, leveraging engagement incentivization to drive more audience to the platform.
- How to measure completion: The Community Builder/quest platform will go live on Soroban. Users will be able to participate in quests, refer IDOs, and earn rewards and on-chain engagement points.
- Estimated date of completion: 13th of August 2024
- Budget: $6,000
3. Launch of SoroStarter's IDO/Token Sale Protocol
- Brief description: This feature enables the running of IDOs, token sales, and NFT drops for projects. When IDOs are set, users will be able to subscribe to get whitelisted, and during the IDO/sale, users will be able to participate using this feature.
- How to measure completion: The SoroStarter IDO/Token sale feature will go live on the Soroban public network and will be fully integrated with our user interfaces. This will allow projects to set and schedule their IDOs, enabling users and community members to participate.
- Estimated date of completion: 30th of August 2024
- Budget: $22,275
Requested Budget in USD ($)
Total Expected Roadmap
1. Launch of SoroStarter's Project Voting Mechanism/Feature
- Brief description: This feature allows users and community members to join SoroStarter's governance mechanism and participate in the selection process by voting on projects to be listed for IDO. This ensures that listed projects align with the goals of the Stellar ecosystem and will positively impact it.
- How to measure completion: The governance feature will go live on the Soroban public network and will be fully integrated with our user interfaces. Users will be able to become governance members by staking XLM and they will be able to vote on projects for IDO listing.
- Estimated date of completion: 6th of August 2024
- Budget: $18,900
2. Launch of SoroStarter's Community Builder/Quest Platform
- Brief description: This feature allows users and Stellar community members to participate in marketing quests and events for projects with scheduled IDOs, earning loyalty points, rewards, and airdrops. It serves as part of the IDO marketing infrastructure, leveraging engagement incentivization to drive more audience to the platform.
- How to measure completion: The Community Builder/quest platform will go live on Soroban. Users will be able to participate in quests, refer IDOs, and earn rewards and on-chain engagement points.
- Estimated date of completion: 13th of August 2024
- Budget: $6,000
3. Launch of SoroStarter's IDO/Token Sale Protocol
- Brief description: This feature enables the running of IDOs, token sales, and NFT drops for projects. When IDOs are set, users will be able to subscribe to get whitelisted, and during the IDO/sale, users will be able to participate using this feature.
- How to measure completion: The IDO/Token sale feature will go live on the Soroban public network and will be fully integrated with our user interfaces. This will allow projects to set and schedule their IDOs, enabling users and community members to participate.
- Estimated date of completion: 30th of August 2024
- Budget: $22,275
4. Launch of SoroStarter's Incubator Funding Pool
- Brief description: This feature allows users and Stellar community members to participate in the incubator funding pool, where users can contribute funds to support projects in the conceptualization or ideation stages. Users earn rewards for their contributions to the pool.
- How to measure completion: The Incubator Funding Pool will go live on Soroban public network. Users will be able to join by depositing funds and earning rewards.
- Estimated date of completion: 30th October 2024
- Budget: $29,700
5. Launch of SoroStarter's Incubator Build-to-Earn Platform
- Brief description: This feature allows developers and builders to join the platform and participate in building and developing ideas within the incubator program, earning rewards for their work.
- How to measure completion: The Incubator Build-to-Earn platform will go live on Soroban public network. Tasks can be added by incubator project planners and teams, and developers will be able to participate in developing ideas and earn for their work.
- Estimated date of completion: 20th November 2024
- Budget: $26,100
6. Launch of SoroStarter's Incubator Protocol
- Brief description: This feature enables users who contribute to the incubator funding pool to vote on ideas for support and commit a portion of their deposit to selected ideas.
- How to measure completion: The Incubator protocol will go live on the Soroban public network and will be fully integrated with our user interfaces. This will allow ideas to be proposed, and users in the pool will be able to vote on and commit funds to supported ideas.
- Estimated date of completion: 20th of December 2024
- Budget: $31,680
Section
Product & Architecture
Introduction
SoroStarter is a secured and decentralized IDO and fundraising platform designed for the Soroban blockchain and the Stellar ecosystem. Its primary goal is to provide projects and companies building on Soroban and the Stellar ecosystem with a secure and decentralized infrastructure for launching and raising funds. This is achieved through its token pool IDO, token sale, and incubation protocol. Additionally, SoroStarter assists these projects and companies in significantly growing their communities and expanding their projects' reach and adoption through an incentivized community engagement mechanism.
Furthermore, SoroStarter enables end-users—both investors and the Stellar Lumen community as a whole—to gain secure early access to quality, well-vetted IDOs and token sales of projects on Soroban.
The Product
The products of SoroStarter encompass its two main features:
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SoroStarter’s IDO/Sale Protocol: A secure and decentralized IDO and fundraising protocol which operates on Soroban, facilitating seamless participation of users, investors, and community members in IDOs on the Soroban blockchain. Based on preset IDO/sales parameters, the protocol algorithmically manages allocation, access, token unlocking and distribution, refunds, and the release of raised funds post-sale.
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SoroStarter's IDO Selection and Onboarding Mechanism: An efficient vetting and selection process which is used to evaluate projects listed on SoroStarter for IDO or token sale opportunities. At its core is an online governance voting mechanism on Soroban, enabling members of the Stellar Lumen community to vote on projects to be listed on SoroStarter for a launch.
Problems SoroStarter Solves
A critical requirement in any blockchain ecosystem with smart contract capabilities is the ability for dApps and projects to deploy easily and establish their own independent economies. Many of these economies depend on utility tokens specific to their ecosystem. For example, consider a GameFi or play-to-earn project, which often relies on NFTs for player access and an in-game token for rewards and purchases.
These projects need a reliable, decentralized, and secure method to launch their tokens and ecosystem assets. By providing this capability, more projects with independent economies and value-driven ecosystems can be launched. This attracts a larger user base to the project's community, thereby expanding the blockchain ecosystem as a whole.
SoroStarter addresses these needs on Soroban and Stellar Lumen by offering a dependable, decentralized, and secure platform for projects building on Soroban to launch tokens and raise funds. This contributes to the overall adoption and growth of the ecosystem.
Details on Integration on Stellar
SoroStarter's core features, mechanisms, and protocols are built and deployed on Soroban, the Stellar's native smart contract platform. It leverages Soroban's robust capabilities for smart contracts and transaction processing. Our governance mechanism and IDO/Sale protocol smart contracts are developed and deployed on Soroban, ensuring transparency, security, and efficiency in project selection and fundraising processes.
Additionally, we utilize the Stellar SDK to seamlessly integrate these Soroban contracts with our application's user interfaces. This integration enhances user experience and improves usability.
Some of our deployments and integrations can be seen on SoroStarter's MVP currently deployed on Futurenet. Here are the important links:
Team bio
The SoroStarter team comprises seasoned developers, software engineers, and business strategists, each with several years of experience in bringing software applications from the idea stage to market-ready products. Collectively, our team boasts over 30 years of experience, primarily focused on developing blockchain applications.
Our developers have extensive expertise in building blockchain dApps and smart contracts, including those using Rust-based languages like Soroban, Polkadot, and Solana, as well as Solidity-based blockchains. Their work spans the design, architecture, coding, and testing of both smart contracts and user-centered frontends, integrating them seamlessly using SDKs.
Notable projects by our team members include the development of a proxy-like upgradeable smart contract on Soroban, designed as a reusable library for specific smart contracts, as well as the creation of an NFT marketplace, a DAO mechanism, and a decentralized P2P marketplace for tangible tokens, among others.
We believe our team's extensive experience in ideation, smart contract development across multiple platforms, frontend development, and SDK integration positions us strongly to ensure the success of SoroStarter.
On the business side, our co-founder's expertise in affiliate marketing has inspired SoroStarter's go-to-market and adoption strategies. Additionally, we actively collaborate with external developers and specialists in business and marketing to further enhance SoroStarter's development and growth.
Main Team Members:
Allaa Alhasan: Co-founder and Business Strategist
Allaa Alhasan LinkedIn Profile
Sandhya Madne: Fullstack Developer
Sandhya Madne LinkedIn Profile
Kirill Leontiev: Blockchain Developer