Ascend Bounty

Possible app name

• Progress
• Ascend

It sounds like a fun and engaging way to encourage group participation and goal achievement using blockchain technology. Here are a few thoughts and potential features to consider as you build your on-chain tool:

Smart Contract Functionality

• Goal Creation: The host creates a smart contract on the blockchain specifying the goal details (description,milestones, duration, commitment amounts, etc.).

• Member Joining & Committing: Members join the contract by sending their commitment amount in cryptocurrency. This triggers a “joining” event in the contract

• Milestone Tracking

  • The contract could automatically track the completion of milestones, perhaps by integrating with other apps or data sources (e.g., fitness trackers for health goals, project management tools for work goals).
  • Or, members could manually attest to milestone completion (with some kind of verification mechanism to prevent cheating).

• Reward Distribution:

  • Upon successful completion of all milestones, the smart contract automatically distributes the prize pool among the remaining members.
  • The distribution could be equal shares or proportional to the initial commitment amounts.

• Penalty Enforcement:

  • If a member misses milestones and gets “kicked out,” their commitment amount is forfeited and redistributed among the remaining members.
  • You’ll need to define clear rules about how many missed milestones trigger a kick-out.

Additional Features:

• Tokenization: Consider creating a governance token for the platform. This would allow users to vote on features,changes, and perhaps even the distribution of rewards in some cases.
• Social Interaction: Incorporate features for group chat, progress updates, and encouragement to foster a sense of community.
• Gamification: Add elements of competition or rewards for consistent participation to make it more engaging.
• Flexible Goal Types: Expand beyond just financial commitments. Allow for goals related to health, learning, skill development, etc.

Bounty Ideas

1. Health and Wellness

• Fitness Challenges: Groups commit to workout routines, step goals, or weight loss targets. Smart contracts could integrate with fitness trackers to verify progress.
• Habit Formation: Groups encourage each other to build healthy habits like meditation, journaling, or healthy eating. Members could attest to completing daily/weekly tasks.
• Mental Health Support: Groups focused on managing anxiety, depression, or stress could create goals around therapy attendance, journaling, or mindfulness exercises.

2. Education and Skill Development

• Study Groups: Students form groups to prepare for exams or work on projects together, with incentives for collective success.
• Language Learning: Groups committed to learning a new language could set milestones for vocabulary acquisition or fluency levels.

3. Professional and Creative Fields

• Project Collaboration: Teams working on projects could set milestones and commit funds to incentivize timely completion and high-quality deliverables.
• Creative Challenges: Groups of artists, writers, or musicians could create challenges with specific goals (e.g.,writing a certain number of words, composing a piece of music) and reward the most successful participants.
• Networking and Mentorship: Groups focused on professional development could set goals around attending networking events, completing certifications, or finding mentors.

4. Social Impact and Community Building

• Charity and Fundraising: Groups could commit to raising a certain amount of money for a cause, with rewards for achieving milestones or exceeding the goal.
• Volunteer Work: Groups could set goals for volunteering hours or completing specific community service tasks,with rewards for collective achievement.
• Environmental Initiatives: Groups focused on sustainability could commit to reducing waste, conserving energy, or promoting eco-friendly practices.

5. Personal Finance and Investing

• Savings Challenges: Groups commit to saving a certain amount of money over a period, with rewards for achieving milestones or reaching the goal.
• Investment Clubs: Groups pool funds to invest in stocks, cryptocurrencies, or other assets, with smart contracts automating profit sharing or loss mitigation.

Additional Considerations:

• Industry-Specific Verification: Tailor verification mechanisms to the specific industry. For example, fitness goals might require integration with wearables, while education goals might require quiz/assignment results.
• Privacy and Data Protection: Be mindful of sensitive data and ensure compliance with privacy regulations,especially in healthcare and financial industries.
• Customization and Flexibility: Allow for customization of goal types, milestones, rewards, and verification methods to cater to the unique needs of different industries.