Project Name: TENAMINT
Socials: TENAMINT | Twitter, Instagram | Linktree
Reference name: @haenko
Funding Structure: One-time
[Proposal Title]
TENAMINT: Where sports, gaming, and collectibles collide to unlock limitless possibilities for playing, earning, and culture.
[Executive Summary]
Enter the world of TENAMINT, where sports, gaming, and collectibles converge to create something truly innovative. This platform brings together digital collectibles with physical sports cards to create a revolutionary concept of “phygital” assets. Immerse yourself in thrilling fantasy games, showcase your skills, and compete for rewards while experiencing the excitement of GameFi. With DeFi mechanisms, you can also unlock earning opportunities and maximize your earning potential. TENAMINT, built on the NEAR Protocol, is dedicated to bringing a billion users into the Web3 universe through sports and fandom. Get ready to dive into a world where the possibilities are infinite and the excitement never ends on TENAMINT.
[1. Introduction]
Sports fans have long been enthralled by the thrill of collecting trading cards. However, the conventional collectibles market has certain limitations, such as limited accessibility, lack of liquidity, and limited earning potential. TENAMINT recognizes these issues and has developed an innovative platform that bridges the gap between physical and digital collectibles. This platform empowers sports enthusiasts to get the most out of their collections while immersing themselves in an engaging GameFi experience. With TENAMINT, not only can collectors own their preferred assets, but they can also indulge in playing fantasy games, earning rewards, lending their cards, and actively participating in the platform’s governance.
[1.1 Fantasy Sports Gaming]
Fantasy sports gaming has had a significant impact on sports culture and fandom since its inception in the 1960s. They allow fans to engage with sports uniquely and interactively, as participants create and manage teams of real-life athletes and compete against other participants based on their athletes’ performance. The types of fantasy sports have expanded beyond traditional team sports such as football and basketball to include individual sports like golf and auto racing. The rise of fantasy sports has also had a significant financial impact, with the industry estimated to be worth billions of dollars annually.
Additionally, the popularity of fantasy sports has influenced how traditional sports media outlets report and analyze games, as they now cater to a large audience of fantasy sports players. The historical impact of fantasy sports on sports culture and fandom is undeniable, as they have created a new way for fans to engage with their favorite sports and athletes - but it doesn’t stop there…
TENAMINT aims to continue to evolve the world of fantasy sports by utilizing blockchain technology. By leveraging the transparency and security of blockchain, TENAMINT seeks to provide a fair and decentralized platform for fantasy sports enthusiasts to compete and engage with their favorite sports. This innovative approach has the potential to transform the fantasy sports industry, providing new opportunities for players and fans alike.
[1.2 User story: Sports Fan Playing, Earning, Lending, and Network Effects]
Imagine John, an avid sports fan who has been collecting physical trading cards for years. He is passionate about his collection but has always felt limited by the lack of opportunities to actively engage with his cards beyond the act of collecting.
With TENAMINT, John can now bring his collection to life. He can join fantasy games, build his dream team using digital card tokens that represent real players, and compete against other users for rewards. By strategically borrowing fractional card tokens, John can enhance his gaming potential and increase his chances of winning.
Additionally, he can lend his physical cards to other users participating in fantasy games, earning a form of compensation or revenue share for each successful loan transaction. This creates a unique income-generating opportunity for John, transforming his passion into an income-generating endeavour.
As John engages with the platform, he also becomes an active participant in the community, contributing to its growth, and benefiting from the network effects that result from a vibrant and engaged user base.
[2. Project Overview]
TENAMINT offers a comprehensive platform that combines a fantasy game experience with various earning mechanisms, community-driven governance, and a low barrier to entry. Our token economy ensures a seamless flow of value within the platform, allowing users to participate and earn from their engagement with sports collectibles.
[2.1 Fantasy Game Experience]
The heart of TENAMINT is our immersive fantasy game experience. Through digital card tokens representing real players, sports fans can build their dream teams and compete in exciting fantasy games. The performance of the digital cards and the fantasy teams is based on the players’ actual performance in real-world matches. By leveraging the borrowing of fractional card tokens, users can boost their gaming potential and maximize their chances of success. This interactive and dynamic gameplay experience brings a new level of excitement and engagement to the world of collectibles.
[2.2 Earning Mechanisms]
TENAMINT offers multiple earning mechanisms that empower ordinary users to earn from their participation on the platform. First, users can stake their tokens and participate in yield farming, earning passive income through attractive annual percentage rates (APRs). Second, users who list their physical cards on the platform will receive dividends perpetually. Every digital transaction related to their cards generates a percentage of the service fee, providing ongoing revenue. Third, users can participate in exclusive NFT drops and events, acquiring limited edition digital assets that can be resold for a higher price, creating opportunities to earn. Fourth, users can engage in community governance by contributing to decision-making, proposing ideas, and participating in voting processes. By actively participating in governance, users can earn tokens and other incentives, further enhancing their earning potential. Finally, users can engage in trading card tokens on the TENAMINT marketplace. By identifying undervalued cards, and buying and selling them at the right time, users can capitalize on market trends and generate gains. The various earning mechanisms on TENAMINT ensure that ordinary users have multiple avenues to make money and benefit from their involvement with sports collectibles.
[2.3 Community-Driven Governance]
At TENAMINT, we believe in the power of community-driven governance. Our platform allows users to actively participate in shaping the future of the ecosystem. By providing input, proposing ideas, and voting on key decisions, users have a direct say in the platform’s development and direction. This community-driven approach fosters a sense of ownership and engagement among users, creating a vibrant and passionate community. Through transparent and inclusive governance, we aim to build a platform that reflects the collective vision and values of our user base.
[2.4 Low Barrier to Entry]
We understand the importance of accessibility and inclusivity. That’s why TENAMINT has a low barrier to entry, making it easy for sports fans, collectors, and gamers to join the platform. Users can create an account with just a few clicks and start participating in fantasy games, earning rewards, and engaging with the community. Our user-friendly interface and intuitive design ensure a seamless onboarding experience, allowing users to quickly navigate the platform and start experiencing the benefits of GameFi and DeFi.
[2.5 Token Economy aka Economy Flow]
TENAMINT operates on a robust token economy that drives the flow of value within the platform. The native token serves as the medium of exchange, enabling users to participate in the ecosystem’s activities. Tokens are used for staking, earning rewards, accessing premium features, and participating in governance. By aligning incentives and rewarding active participation, the token economy incentivizes engagement, liquidity, and growth within the platform. As the user base expands and the platform gains traction, the token economy creates a self-sustaining ecosystem that benefits all participants.
[3. Objectives]
The objectives of our project are two-fold.
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Firstly, we aim to bring more sports fans, physical collectors, and gamers into the Web3 world, introducing them to the opportunities offered by GameFi and decentralized finance. By providing an engaging and accessible platform, we seek to bridge the gap between traditional collectibles and the digital realm, expanding the audience for sports collectibles and unlocking new revenue streams for ordinary users.
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Secondly, we strive to create a vibrant and inclusive community where users can connect, collaborate, and earn together. Through community-driven governance, we empower users to actively participate in shaping the future of the platform, ensuring that their voices are heard and their interests are represented.
[4. Project Implementation]
To achieve our objectives, we have a clear roadmap for project implementation. We will focus on the development of the fantasy game experience, the implementation of earning mechanisms, and the establishment of community-driven governance.
[4.1 Development of Fantasy Game Experience]
We will invest in building a cutting-edge fantasy game experience that seamlessly integrates with the TENAMINT platform. This includes the development of the game interface, the integration of real-time player data, and the implementation of innovative gameplay features. Our team of experienced developers and designers will ensure a captivating and immersive gaming experience that keeps users engaged and excited.
[4.2 Implementation of Earning Mechanisms]
We will focus on implementing the various earning mechanisms that enable ordinary users to earn from their engagement with sports collectibles. This includes the development of staking and yields farming features, the integration of dividend distribution for physical card holders, the implementation of NFT drops and exclusive events, the creation of a community governance framework, and the establishment of a user-friendly trading marketplace. Our team will ensure the seamless integration of these earning mechanisms, providing users with multiple opportunities to generate income and participate in the platform’s growth.
[4.3 Community-Driven Governance]
We will establish a robust community-driven governance framework that enables users to actively participate in decision-making processes. This includes the development of a voting mechanism, the creation of proposal submission and evaluation processes, and the implementation of transparent governance structures. Through regular communication and engagement with our user base, we will ensure that the governance framework reflects the collective interests and values of our community. By empowering users to shape the direction of the platform, we foster a sense of ownership and community ownership, leading to a more vibrant and sustainable ecosystem.
[5. Impact and Benefits]
TENAMINT aims to have a significant impact on sports fans, collectors, and gamers by providing a platform that empowers them to play and earn. The benefits of our platform include:
[5.1 Empowering Ordinary Users]
We empower ordinary users to turn their passion for sports collectibles into a fruitful endeavor. Through our earning mechanisms, users can generate income by participating in fantasy games, lending their cards, staking tokens, trading card tokens, and engaging in community governance. TENAMINT levels the playing field, allowing anyone to participate in the lucrative world of collectibles and GameFi.
[5.2 Inclusive and Accessible Platform]
We prioritize accessibility and inclusivity, ensuring that our platform is user-friendly and easy to navigate. With a low barrier to entry, sports fans, collectors, and gamers can join TENAMINT with ease and start experiencing the benefits of GameFi and DeFi. We are committed to providing an inclusive environment where everyone can participate and earn from their engagement with sports collectibles.
[5.3 Community Engagement and Ownership]
TENAMINT fosters a strong sense of community engagement and ownership. By actively involving users in decision-making processes and giving them a voice in shaping the platform’s future, we create a community-driven ecosystem where users feel a genuine sense of belonging and influence. This community engagement not only enhances the user experience but also contributes to the platform’s long-term success and sustainability.
[6. Ask]
We are seeking a grant of 5,000 NEAR to support the development and implementation of the TENAMINT platform. This grant will be utilized for hiring additional development resources, conducting extensive user testing, marketing efforts to attract a wide user base, and building partnerships with key stakeholders in the collectibles and gaming industries. The grant will play a crucial role in accelerating our project and bringing our vision to life.
Current State: You can check out the marketplace demo here.
You can claim a free token by clicking here.Future State: We are excited to integrate GameFi and DeFi aspects into the platform seamlessly, with the support of the community and this grant funding.
[6.1 6-month Roadmap]
We have outlined a comprehensive 6-month roadmap for project implementation. This includes the development and launch of the fantasy game experience, the implementation of earning mechanisms, the establishment of community-driven governance, user acquisition, and retention strategies, and continuous improvements to the platform based on user feedback and market trends. We are committed to delivering a high-quality and impactful platform within the specified timeline. The purpose of this grant proposal is to achieve the milestones outlined between today and August.
[7. Sustainability and Long-Term Vision]
TENAMINT’s sustainability lies in its token economy, user engagement, and continuous innovation. By aligning incentives, rewarding active participation, and fostering a passionate user community, we create a self-sustaining ecosystem that drives the platform’s growth and longevity.
We have a long-term vision for TENAMINT that extends beyond the initial implementation phase. Our goal is to become the leading GameFi platform for sports collectibles, attracting a diverse and passionate user base. We envision expanding our offerings to include partnerships with sports leagues, teams, and athletes, creating unique and exclusive digital collectibles and experiences. By continuously innovating and adapting to market trends, we will ensure the platform’s relevance and longevity in the ever-evolving world of sports and collectibles.
[8. Conclusion]
TENAMINT is poised to revolutionize the collectibles industry by bringing together sports fans, collectors, and gamers in a groundbreaking GameFi platform. Through our innovative fantasy game experience, earning mechanisms, and community-driven governance, we empower ordinary users to play and earn from their engagement with sports collectibles. By leveraging the power of Web3 and decentralized finance, we create an inclusive and accessible platform that opens up new opportunities for sports fans worldwide. We are excited to apply for a grant from the Human Guild to support the development and implementation of TENAMINT, and we are committed to delivering a high-quality platform that transforms the way people interact with sports collectibles. Join us on this remarkable journey and be a part of the future - the fusion of Sports, GameFi, and DeFi where fans around the world can play and earn.
POV: We’ll have thousands of users playing and earning on TENAMINT from every stadium in the world, just like this.
Proposal V1 posted on Wed, May 3, 2023
Edit:
Response to the following question:
Q: “How can ordinary users start earning on your marketplace?”
A: Below are the potential ways that a user could earn on the marketplace
- Participating in Fantasy Games: By strategically building and managing their fantasy team or decks, they have the chance to win tokens, exclusive NFTs and other performance based awards. Eacn player card represents a real player, and the performance of that card and the fantasy team it belongs to is based on the players’ actual performacne in the real world matches. They can get a bonus (multiplyers) of they borrow fractional card tokens.
2: Player Loaning Mechanisms: Card token holders can loan their players or characters to fantasy game partipants (as described above). In return, the card token holders recieve a a form of compensation or rev share for each successful loan transaction, which creates an income generating opportunity. - Staking and Yield Farming
- Divvys from fractional ownership: users are rewarded perpetually for listing the physical cards on the platform. Everytime a digital transaction happens related to their card, they will receieve a % of the service fee.
- NFT drops and exclusive events: by acquiring limited edition NFTs or exclusive digital assets, users can resell them for a higher price potentially
- Participating in community governance: by contributing to decision making, proposals, and engaging with the community, users can earn tokens and other incentives
- HODLling: the underlying asset (trading cards) historically increase in value more than the sp500, so by holding for an extended period, users can potentially sell for more in the future. In the meantime, they can participate in all the earning opportunities on the platform
- Trading card tokens:users can buy and sell digital card tokens on the TENAMINT marketplace. They can profit by identifying undervalued cards, buying and selling them. They can also capitalize on demand based on real world matches because high performing player’s cards might have more value on the marketplace. Of course, the rarer the card or the better the player, the more value it may have.