Stellar Community Fund

By Synced Geo-Bounties

Synced Geo-Bounties

SCF #10

$50.0K

Legacy v3.0 Award

Awarded

Crowdfunding geospatial dashboards through Stellar-powered bounties

Products & Services

Crowdfunded geospatial dashboards, populated with data crowdsourced from Synced app users, who are rewarded with crypto bounties. People will be able to create dashboards and follow data for places they care about. They generate the data on the dashboard by issuing bounties to existing Synced app users (multiple bounties can be issued per dashboard). The bounty specifies what app users should mark. Qualifying marks are added to the dashboard, and the marker is paid a share of the bounty. We have a prototype running on the Stellar Testnet (https://synced.to/dev/dashboard), and here’s a prototype of a Synced dashboard using public third-party data (https://blog.synced.to/Complaints-Of-New-York).

Each bounty has an associated Stellar account, and anyone can contribute to the bounty by paying into the account. We’ll be using Stellar USDC for simplicity & clarity, rather than minting a new token. Contributors will also be able to pay in fiat, and it’ll be converted to USDC and added to the bounty. Bounty payouts will be in USDC. A related subtask is determining how much of the bounty should be paid to each marker. Our plan is to pay based on the supply and demand of markers in a geographic region.

What's new? The idea is the same but we’re now further along in our implementation. Some implementation details have now changed. For example, we’re switching from XLM bounties to Stellar USDC and using Circle’s APIs so users can fund bounties in crypto or fiat.