{"title": "Fairsharing", "logoImg": "bafkreidtmkry3dcv3newgiyqjob2whlv5ltuicy26hkx7s2o6vf4uzg3ly", "website": "https://app.fairsharing.xyz/", "bannerImg": "bafkreigk52z5eh37sznz2ps6c2xiyz6rc4v2b7badeas5gwuprseq7gjp4", "createdAt": 1730219026026, "credentials": {}, "description": "## About\n\n### **About Us**\n\nLXDAO is an R&D-focused DAO dedicated to supporting the sustainable development of Web3 public goods and open-source projects. We aim to promote Web3 technologies and concepts while nurturing a new generation of Web3 builders.\n\nCurrently, LXDAO is developing FairSharing, a governance and collaboration tool designed for managing contributions to Web3 public goods and open-source projects. Built on Optimism, FairSharing facilitates the entire on-chain contribution process: create a project, submit a contribution, vote with the project, claim tokens once approved, and view token distribution via the leaderboard.\n\nThese initiatives are perfectly aligned with LXDAO's mission, vision, and values. We aim to build a robust public goods ecosystem within Web3, fostering a thriving market for impactful public goods and advancing the broader Web3 ecosystem.\n\n**Mission:** Bring together LX builders to sustainably build and support LX Web3 public goods.\n\n**Vision:** Within the next decade, Web3 technology, concepts, and ideas will be adopted by a billion people.\n\n**Values:** LX = Conscience and Integrity\n\nLXDAO members are Web3 believers and long-termists. Will build or contribute to some valuable projects in Web3.\n\n### **Our Work**\n\nIn the fast-evolving Web3 ecosystem, there is a growing demand for standardized, efficient, and transparent collaboration processes.\n\n**Key issues include:**\n\n- Lack of standardized methods for contribution tracking\n- Absence of a credit system for peer evaluation of contributions\n- Identity profiles based on individual contributions\n- Balancing decentralization with effective resource allocation\n- Aligning contribution outcomes with ecosystem goals\n\n**Competitor Analysis:**\n\nThrough a market analysis of existing competitors, we identified three primary contribution registration methods:\n\n1. **Task Milestone-Based Registration**: Contributions are recorded based on task milestones, as seen with Chamverse and Krama, commonly used in grant application processes.\n2. **Project Time-Based Registration**: Contributions are tracked by the completion of project phases over time, often used in product development cycles.\n3. **Personal Time-Based Registration**: FairSharing leverages individual time-based tracking to log and evaluate personal contributions over a set period.\n\nMost existing methods struggle to effectively capture and evaluate personal contribution efforts.\n\n**Our Solution:**\n\nFairSharing offers a new contribution registration system for LXDAO, partner organizations, grant issuers/recipients, and contributors across various ecosystems (e.g., Optimism). It allows members to autonomously submit their contributions, which are then evaluated and voted on by the team. Once approved, smart contracts automatically distribute rewards. This transparent process eliminates the information asymmetry typically found in Web2 environments, ensuring all participants are fairly rewarded for their contributions. It is highly applicable within DAO organizations for peer review and contribution tracking.\n\n**⭐️Our Advantages⭐️**\n\nCore principle: Your reward = (Your contribution / Total contributions) * Total rewards.\n\n- Contributions are submitted individually by members.\n- Team members vote to evaluate contributions.\n- Once approved, smart contracts automatically distribute tokens as rewards.\n\n### Progress & Roadmap\n\n**Current Progress:**\n\nFairSharing is already adopted by over 30 projects, providing decentralized management of contribution records and reward distributions. We have designed the 2.0 version of the product and plan to improve the user experience through iterative development, attracting more users. Key improvements include:\n\n1. **Optimizing User Flow**: Based on user feedback, we will enhance the product interface and features, reduce operational complexity, and improve automation to make the product more user-friendly.\n2. **Integration with Governance**: We will deconstruct and quantify contribution data to build member profiles, integrating them into the governance layer to increase engagement.\n3. **Attracting More Projects**: By onboarding more projects, we aim to expand FairSharing’s impact.\n\n**Roadmap:**\n\nWith this grant, we will complete a new product upgrade covering the following areas, along with salaries for the product manager, front-end developers, and back-end developers:\n\n1. **Bug Fixes:** Resolve existing bugs to ensure a smooth user experience.\n2. **User Experience Optimization:** Continuously collect user feedback to enhance and improve the product, including interface optimization and process automation.\n3. **Governance Integration:** Deconstruct and quantify contribution data to create member profiles and integrate them into governance structures, boosting user engagement and retention.\n4. **User Base Expansion:** Aim to onboard an additional 50 projects within six months, significantly growing our user base.\n5. **Multi-Country Treasury Management and Multi-Transaction Issuance:** Develop and launch these features to support complex financial needs across different projects and organizations.\n\nBy following this roadmap, FairSharing aims to improve the platform, attract more users, and increase its influence in the ecosystem.\n\n### **Usage of Funds**\n\nThe grant will be used for the following purposes:\n\n1. Salaries for the product manager, front-end developers, and back-end developers.\n2. Development and testing of multi-country treasury management functionalities.\n3. Iterative product development based on user feedback to improve the user experience.\n\nBy supporting our plan, you are contributing to the development of public goods for Web3 governance and collaboration, promoting fair contribution recording and reward distribution, and fostering the sustainable growth of the Web3 ecosystem.\n\n**Thank you so much for your support! 💗💗💗**\n\n## Additional Information\n\n1. **GitHub Repository:** http://github.com/lxdao-official\n    - Front-end: https://github.com/lxdao-official/fairsharing-frontend\n    - Back-end: https://github.com/lxdao-official/fairsharing-backend\n    - contract: https://github.com/lxdao-official/fairsharing-contract\n2. **Team Size:** 8 members\n3. **Wallet Addresses:** 0xB45e9F74D0a35fE1aa0B78feA03877EF96ae8dd2\n4. **Public Group Chat:** \n- Telegram: https://t.me/LXDAO\n5. **Project Impact Links:** \n- https://app.fairsharing.xyz/\n- https://x.com/fairsharing_xyz\n- https://x.com/LXDAO_Official\n6. **Funding Sources:** Development for version 1.0 was funded by LXDAO. \n7. **Project Duration:** 14 months\n8. **Location:** China", "logoImgData": {}, "bannerImgData": {}, "projectGithub": "lxdao-official", "projectTwitter": "fairsharing_xyz"}