I just had an idea, and believe the basic idea would be really cool for all of us. Maybe we can play all here around with the idea and bring it to life on the incongito chain.
The Incognito Dream Factory - Where we together making dreams come true
Basic idea example 1 You as a builder or entrepreneur has a idea for a great product which helps incognito or blockchain, decentralization to grow. You go to the idea campaign area and present your idea as detailed as you can (like you would do on kickstarter). You set your milestones and needed fundraising goal. Next stepā¦see Scenario 1
You as a visionary you maybe not able to code etc. but you have a awesome idea, you are a kind like Steve Jobs, you see the feature but need other people who are specialized in other fields to make your vision come true. So you have this great idea now you head as well to the idea campaign area and present your idea in a nice and structured way together. Next stepā¦see Scenario 2
Scenario 1
Other people can look at your idea and if they like it, they can participate by funding it. Letās say you need 2000 PRV for your idea. Now I like your idea and decide to send 250 PRV in order to make it come true. Others do this as well and at some point 2000 PRV have been collected. Now all the funds will be locked in a smart contract and only paid out partially once you hit the promised milestones (this will be verified in a decentralized way as well). Once all milestones have been completed all funds have been unlocked. And the project has gone live.
Scenario 2
After you have presented youāre idea, people who have the necessary skills will contact you and so you can talk and build a team, make arrangements etc. Once you have this done, you guys as a team add concrete milestones, budget to the idea campaign and start by this your fund raising campaign. Afterwards everything will work like in Scenario 1.
Economics
All raised funds are locked within a smart contract and pay out to the team who works on the project will be done according the originally presented pitch in the idea campaing section.
If the delivery date is reached and the project is still e.g. stucked in milestone 1 out of 10 milestones all the remaining funds can be send back to the one who funded it initially. Means you have sent originally 100 PRV to support the idea, after milestone 1 was reached maybe 10% have been paid out. Thus you still actively invested with 90 PRV. Now you can get this money back via withdraw or decide to you still want to continue support the idea after the project owner has explained why it has come to the delay. It is up to you.
Economics in Detail
When you fund a project you are locking up your PRV. In Exchange you get a token like IDEA-PROJECT-NAME it is kind of a share, which will give you to also some governance over the project. You can always sell these tokens if or just hold them whatever you like.
Any thoughts
I hope the main idea gets clear guys I could describe it much more detailed but this would be too much text and maybe kill further ideas to this approach as well. So please, share your thoughts, do you think this cold work maybe even too fund ideas which are not connected to blockchain etc.? Could this maybe a solution is well for rethink the builder rewards program in order make it long term self sustainable and decentralized?
Looking forward for your opinions. Letās decentralize the world together.