Stellar Community Fund

By Merkle Tree Airdrop Tooling

Merkle Tree Airdrop Tooling

SCF #28

$48.0K

Legacy v5.0 Activation Award

Awarded

Open-source tool for efficient Stellar airdrops enabling scalable and cost-effective token & NFT distribution via smart contracts

Products & Services

Sorodrop addresses a significant gap in the Stellar ecosystem: the lack of an efficient, scalable, and low-cost solution for conducting large-scale airdrops of tokens and NFTs. Currently, projects wanting to distribute tokens or NFTs to a large audience face technical challenges, high gas fees, and inefficient distribution mechanisms, which hinders their ability to reach wider audiences effectively.

Wasted effort: Teams currently develop their own airdrop solutions from scratch, wasting valuable developer time and SCF funds. Sorodrop eliminates this inefficiency by providing ready-made airdrop functionality, ensuring no team has to start from scratch again. Inefficient Distribution: Existing methods are slow and can't handle large recipient numbers effectively. High Costs: High gas fees make large-scale token and NFT distribution expensive. Lack of Automation: Manual interventions increase errors and reduce efficiency. Resource Wastage: Unclaimed tokens or NFTs often go to waste without a clawback mechanism. Rigidity in Distribution: Current solutions lack flexibility to pause, resume, or stage airdrops as needed.

Sorodrop caters to various groups within the Stellar ecosystem: Project Owners: Launching new tokens or NFTs and needing a cost-effective way to distribute them widely. Developers: Seeking robust tools for efficient token and NFT distribution without high costs. Community Managers: Rewarding community members efficiently and transparently. Marketers: Conducting promotional campaigns to attract or retain users through airdrops. Fundraisers: Using airdrops to support fundraising events and achieve milestones.

As an example, we recently had an exploratory conversation with the growing Token Tails community. They need to airdrop their tokens and NFTs to over a thousand addresses. Currently, this isn’t possible on Stellar without manual effort or writing a custom contract. This need is already evident in the ecosystem, and it will become more apparent as more projects and communities grow on Stellar. SoroDrop will save teams and SCF thousands of dollars and hours of work.

Solving this problem will positively impact the Stellar ecosystem: Increased Adoption: Easier, cost-effective distribution attracts more projects to the Stellar network. Enhanced Engagement: Efficient airdrops foster higher community engagement and participation. Innovation Encouragement: Reliable distribution tools encourage developers to innovate on Stellar. Resource Optimization: Clawback functionality prevents resource wastage, boosting ecosystem efficiency. Market Expansion: Projects reach larger audiences without technical and financial constraints, growing the user base and market penetration for Stellar-based assets.

Sorodrop streamlines the creation and distribution of tokens and NFTs on the Stellar network using the Soroban framework. Sorodrop addresses the aforementioned issues in several ways: Efficient Distribution through Merkle Trees: Sorodrop uses Merkle tree structures to handle large-scale airdrops efficiently, reducing computational load and ensuring quick, accurate distribution. Cost Reduction: The platform minimizes gas fees, making token and NFT claims more affordable. Automation and User-Friendly Interfaces: Sorodrop automates airdrop execution by allowing CSV uploads of recipient addresses, reducing errors and enhancing efficiency. Resource Optimization through Clawback Functionality: Unclaimed tokens or NFTs can be reclaimed by the project owner, preventing resource wastage. Distribution Flexibility: Project owners can pause and resume airdrops, offering greater control over the distribution process. Multi-Stage Airdrops: Supports staggered distributions, beneficial for complex tokenomics or tiered reward systems. All of Sorodrop’s software components will be open sourced and this will allow users to tailor their airdrop however they want. Application specific airdrops can be made possible with custom development on top of Sorodrop’s smart contracts.

There have been several attempts at airdrop tools on Stellar, but none have gained traction or are widely considered by projects in the Stellar ecosystem. Our airdrop project on Stellar stands out with several key features that will change this: We support airdrops with over a thousand recipients by implementing merkle calculation for greater gas efficiency. Project owners can customize airdrop terms, including start time, expiration time, name, and logo. Our platform allows multi-stage airdrops, enabling tiered structures within a single contract. Owners can pause and resume airdrops for enhanced security. We are open-source, providing users and project owners access to our tools and contracts for secure use. We also offer the capability to airdrop NFTs to large audiences.

Requested Budget

$48.0K

Team

Arda Nakisci (Discord: findolor)

Project Lead - Smart Contracts & Full-Stack

Lead Developer at Pantheon Contracts and Juno, a platform for aidrops and contract rewards and payments streams on Cosmos
Built Sorosplits on Stellar, currently deployed and in pilot phases with teams within the ecosystem
3 years of experience developing Smart Contracts in the Cosmos ecosystem; including
- A no-code platform for token creation/distribution
- A platform for executing peer-to-peer token swaps including both native and cw20 tokens in Cosmos Ecosystem
- Open-source tools for building NFT based applications that range from marketplaces, ticketing systems, game infrastructures and more.
Twitter, GitHub

Hasan Irice (Discord: iricehasan)

Full-Stack developer

Written CosmWasm contracts (in Rust) including several NFT contracts and a Cw404-marketplace (BadBoxes Marketplace).
Contributed to DeFi projects such as Aeroscraper and took role in a open source tool for deploying & interacting with CosmWasm contracts on Xion Network.
Used CosmJS to deploy and interact with the contracts and developed front-ends.
During the internship in Injective, integrated substreams (of Streaming Fast) for faster indexing & written basic substreams modules.
GitHub