{"signature": "0x052ba2d426770e32f23fe04258fade4af1e243ca7338bc07dcf1b2b038b48ea4670251e306e1737733dd1bbc270da7c1c9a913749b4cfe66cad0e06113cbcbbe1c", "application": {"round": "0xdd906d46876ec8a10e4cf80fb5c4992091e87e46", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "0MoEP+ldcY6wDoVsaLCCsbhFqehpgGhB45lguuefyAzXvhOfCVtolmklbuOicsq5", "encryptedSymmetricKey": "ec48006af2d3e23074c0744f8dd0ae28d91f5c814a36e8a2050d2c291b0867aa630b30961031560501f7d16ee5e9800f42e3a861f4284ef4a35cb05b2d9c72a7e831804f7d7fdf2fa4c0910fbae03fa9669b8fa321ed0376835a6af3238b3fa805983b0cfd682bacca141c8e3f2174a93b8777806e15cc39c8e01028f758a055000000000000002083221a302f68a8c69d5f24f78ed95aded17febdd1ac858ba4dce8a962b28cbf5f2d6d972b089afd046ec8ee9b8a14e95"}}, {"type": "dropdown", "answer": "Yes", "hidden": true, "question": "Please confirm the Payment Wallet you have provided is on Polygon PoS and can accept MATIC", "questionId": 1}, {"type": "paragraph", "answer": "Poly.fun represents a paradigm shift in the world of prediction markets, placing the user experience at the forefront of its design philosophy. Our platform is built on the premise that the power of collective intelligence should be accessible to all, not just financial experts or seasoned traders. To achieve this, we've adopted a deeply consumer-centric approach that permeates every aspect of our platform.\n\nAt the heart of Poly.fun's user-centric design is a commitment to simplicity and education. We've stripped away the intimidating complexity often associated with prediction markets, replacing it with an intuitive interface that guides users through the process of creating, evaluating, and participating in markets. But simplicity doesn't mean sacrificing depth. Instead, we've integrated educational elements seamlessly into the user journey. As participants engage with the platform, they're not just making predictions; they're gaining valuable insights into market dynamics, probability assessment, and decision-making processes.\n\nOur innovative use of Farcaster Frames is key to delivering this seamless, educational experience. By leveraging Frames, we've created a one-stop interaction hub where users can submit ideas, cast votes, and explore markets without ever leaving the familiar Farcaster interface. This not only reduces friction but also enables us to provide contextual learning opportunities at every step. As users navigate through different Frames, they receive bite-sized educational content relevant to their current activity, enhancing their understanding organically.\n\nThe power of community is another cornerstone of Poly.fun's approach. We view our users not just as participants, but as co-creators in the platform's evolution. Regular feedback loops and community polls directly shape our development roadmap, ensuring that Poly.fun grows in tandem with user needs and preferences. This community-driven approach extends to the prediction markets themselves, where we've implemented a unique voting mechanism that leverages the collective wisdom of participants to surface the most promising and well-crafted market ideas.\n\nTo make the experience engaging and rewarding, we've incorporated elements of gamification throughout Poly.fun. Users earn reputation points for accurate predictions and constructive contributions, unlock achievements as they reach new milestones, and can track their progress on community leaderboards. These game-like elements transform market participation from a potentially dry, numbers-focused activity into an exciting, social experience that keeps users coming back.\n\nAccessibility and inclusivity are also at the forefront of our design considerations. We've crafted an interface that's intuitive for newcomers while still offering depth for experienced users. Moreover, we've prioritized accessibility features to ensure that Poly.fun is usable by people with diverse abilities, truly democratizing access to prediction markets.\n\nOur use of Farcaster Frames goes beyond basic functionality, pushing the boundaries of what's possible within this innovative format. We've implemented dynamic content loading, allowing users to browse through multiple prediction market ideas without losing context. Our voting mechanism provides real-time feedback, with vote counts updating live as the community engages with each idea. We've even incorporated interactive charts and graphs within Frames, enabling users to visualize market trends and their personal performance in engaging, easily digestible ways.\n\nPersonalization is another key aspect of our user-centric approach. By analyzing user interactions within Frames, we offer tailored market recommendations, increasing relevance and engagement for each individual user. This personalized experience extends to how we introduce complex features, using a progressive disclosure approach that prevents overwhelming new users while still offering depth for those seeking more advanced functionalities.\n\nPerhaps one of the most innovative aspects of our use of Farcaster Frames is how we've turned Poly.fun into a social experience. Users can easily share interesting markets or their predictions directly to their Farcaster feed, all through the Frame interface. This not only fosters community engagement but also drives organic, viral growth of the platform.\n\nIn essence, Poly.fun is not just a prediction market platform; it's a carefully crafted ecosystem designed to nurture a community of informed decision-makers. By centering our design around user needs and innovatively utilizing Farcaster Frames, we've created a uniquely accessible and engaging prediction market experience. Our goal is not just to build a platform, but to foster a culture of evidence-based forecasting and collective intelligence that can drive better decision-making across all spheres of life. With Poly.fun, we're democratizing the power of prediction markets, one Frame at a time.", "hidden": true, "question": "Explain your project's consumer-centric approach and how it innovatively uses Farcaster Frames to enhance user experience", "questionId": 2}, {"type": "paragraph", "answer": "\nPoly.fun leverages Farcaster Frames in groundbreaking ways to democratize prediction markets, solving longstanding consumer problems and unlocking new possibilities in collective forecasting. Our innovative approach addresses several key challenges:\n\n\n1. Accessibility and Complexity:\n   Traditionally, prediction markets have been intimidating and complex for average users. Poly.fun uses Frames to break down this barrier by creating a step-by-step, guided experience. Each Frame presents a single, digestible piece of the market creation or participation process. This sequential reveal reduces cognitive load and makes prediction markets approachable for newcomers.\n\n2. Education and Engagement:\n   Many users avoid prediction markets due to a lack of understanding. We've turned Frames into interactive learning modules. As users navigate through the prediction market process, each Frame not only presents functionality but also includes contextual educational content. This just-in-time learning approach helps users understand concepts as they encounter them, increasing engagement and confidence.\n\n3. Real-time Community Interaction:\n   Prediction markets thrive on collective intelligence, but traditional platforms often feel isolated. Poly.fun's novel use of Frames creates a live, interactive environment. We've implemented a unique voting system where users can see real-time community sentiment on market ideas. As votes are cast, the Frame dynamically updates, creating a sense of active participation and immediacy.\n\n4. Frictionless Ideation and Validation:\n   Getting new prediction market ideas off the ground has traditionally been challenging. Our Frame-based submission and validation process allows users to propose ideas rapidly and receive instant community feedback. This quick ideation-to-validation loop encourages creativity and helps refine market concepts efficiently.\n\n5. Visual Data Representation:\n   Understanding market trends typically requires navigating complex charts and data. We push the boundaries of Frames by incorporating interactive, simplified visualizations. Users can explore trend lines, probability distributions, and personal performance metrics through intuitive, Frame-based graphics, making data interpretation accessible to all.\n\n6. Gamified Participation:\n   Maintaining user engagement in prediction markets can be difficult. We've gamified the experience using Frames as game \"levels.\" Each interaction, from creating a market to making a successful prediction, is rewarded with visual feedback and unlocks new Frame-based features or challenges. This turns market participation into an engaging, game-like experience.\n\n7. Micro-transactions and Stake Management:\n   Managing stakes in prediction markets often involves cumbersome processes. We've streamlined this by creating Frame-based micro-transaction flows. Users can adjust stakes, claim rewards, or rebalance their portfolio through simple, guided Frame interactions, reducing the friction typically associated with market transactions.\n\n8. Cross-platform Consistency:\n   Prediction market platforms often suffer from poor mobile experiences. By leveraging Frames, Poly.fun ensures a consistent, optimized experience across devices. The Frame-based interface adapts seamlessly from desktop to mobile, maintaining functionality and usability.\n\n9. Social Sharing and Virality:\n   Traditional prediction markets lack easy sharing mechanisms. We've turned each prediction and market idea into a shareable Frame. Users can post their predictions or proposed markets directly to their Farcaster feed, fostering discussions and driving organic growth.\n\n10. Personalized Discovery:\n    Finding relevant markets is often overwhelming. We use Frames to create a personalized discovery experience. Based on user interactions, we dynamically generate Frames showcasing tailored market recommendations, helping users discover opportunities aligned with their interests and expertise.\n\nBy reimagining prediction markets through the lens of Farcaster Frames, Poly.fun is not just solving existing consumer problems but creating entirely new opportunities for engagement with collective forecasting. We're transforming prediction markets from a niche financial tool into an accessible, educational, and social experience. This approach has the potential to dramatically expand the use of prediction markets, harnessing collective intelligence for better decision-making across various domains of life and society.", "hidden": true, "question": "Describe how your project uses Farcaster Frames in a novel or unique way to solve a consumer problem or create new opportunities.", "questionId": 3}, {"type": "paragraph", "answer": "Poly.fun leverages the robust infrastructure of Polygon's Proof-of-Stake chain to ensure efficient, scalable, and cost-effective operations independent of other networks. At its core, our smart contract ecosystem is deployed directly on the Polygon PoS chain, taking full advantage of its high throughput and low transaction costs. This architecture allows us to handle the creation, management, and resolution of prediction markets with remarkable efficiency. When users interact with Poly.fun through Farcaster Frames, each significant action - such as submitting a new market idea, casting votes, or finalizing outcomes - triggers a transaction on the Polygon network. These transactions are processed swiftly and at a fraction of the cost compared to Ethereum mainnet, ensuring a smooth user experience even during high-traffic periods. We utilize Polygon's native MATIC token for gas fees, simplifying the economic model for our users and reducing friction in platform interactions.\n\nOur choice of Polygon PoS also enables us to implement more complex features without compromising on performance. For instance, our reputation system and token-based governance model are entirely managed on-chain, leveraging Polygon's smart contract capabilities. This approach ensures transparency and immutability in user interactions and platform governance. Furthermore, we've implemented a custom oracle system on Polygon that interfaces with external data sources to resolve prediction markets accurately and fairly. This oracle system operates independently on the Polygon network, free from the congestion or high costs that might be encountered on other chains. To enhance security and reliability, we've also deployed a set of validator nodes specifically for Poly.fun on the Polygon network. These nodes participate in the Polygon PoS consensus mechanism, contributing to the overall security of the network while ensuring our platform has direct, low-latency access to the blockchain.\n\nThe scalability of Polygon PoS allows Poly.fun to handle a growing user base and an increasing number of active prediction markets without compromising on performance or user experience. As our platform expands, we can easily scale our infrastructure by deploying additional smart contracts or increasing our computational resources on the Polygon network. This scalability is crucial for our long-term vision of becoming a go-to platform for decentralized prediction markets. Moreover, Polygon's compatibility with Ethereum enables us to potentially bridge assets or data to the Ethereum mainnet if needed, without being dependent on it for our core operations. In essence, by building Poly.fun as an independent application on Polygon PoS, we've created a robust, scalable, and cost-effective prediction market platform that can operate autonomously while still benefiting from the broader Ethereum ecosystem when advantageous.", "hidden": true, "question": "Describe how your project functions independently on Polygon PoS", "questionId": 4}, {"type": "multiple-choice", "answer": "AI/blockchain intersections", "hidden": true, "question": "Select from the provided categories or specify other if none of these are applicable", "questionId": 5}, {"type": "paragraph", "answer": "Our team brings a wealth of experience in Web3 development and Farcaster ecosystem. Our lead developer, Shaan Patel, has five years of experience building DeFi protocols on EVM based chains and has started being an active contributor to the Farcaster community. He has experimented with the development of Farcaster Frames applications, demonstrating our team's early adoption and understanding of this technology. Our  designer and lead engineer, Madhav Goyal, has a track record of creating intuitive interfaces for complex blockchain applications, ensuring that Poly.fun will be accessible to both crypto natives and newcomers. Additionally, as blockchain architects we extensive experience in optimizing smart contracts for efficiency and security on various L2 solutions, including Polygon PoS.", "hidden": true, "question": "Describe your team's relevant expertise in developing in Web3 and (if applicable) with Farcaster Frames.", "questionId": 6}, {"type": "paragraph", "answer": "Our development roadmap is structured into four key phases over the next 12 months:\n\nMVP Launch (Months 1-3): Develop core Farcaster Frame functionality for idea submission and voting. Budget: 15,000 POL\nEnhanced Features (Months 4-6): Implement user profiles, reputation system, and advanced analytics. Budget: 30,000 POL\nEcosystem Integration (Months 7-9): Develop partnerships and integrations with existing prediction market platforms. Budget: 30,000 POL\nScale and Optimize (Months 10-12): Focus on performance optimization, mobile responsiveness, and expanding user base. Budget: 40,000 POL\n\nTotal Budget: 105,000 POL. A detailed spreadsheet with weekly milestones and budget allocation can be found at (https://docs.google.com/spreadsheets/d/1N7s5dhsgxiHH2YykmKhRcsWpqYNCnIFM/edit?usp=sharing&ouid=115045762935078008570&rtpof=true&sd=true).", "hidden": true, "question": "Please provide key milestones with budget for integrating Farcaster Frames and developing your application. You can link to a spreadsheet outlining this information.", "questionId": 7}, {"type": "paragraph", "answer": "Our user adoption strategy leverages the virality of Farcaster and the engaging nature of prediction markets. We'll start by partnering with influential Farcaster users to create high-profile prediction markets, driving initial curiosity and engagement. We'll implement a referral program where users earn reputation points for bringing in new active participants. Regular themed prediction market contests (e.g., \"Tech Trends 2025\") will keep the community engaged and attract new users. We'll also collaborate with Web3 educational platforms to offer Poly.fun as a practical learning tool for understanding prediction markets, further expanding our user base.", "hidden": true, "question": "What is your plan for driving user adoption of your application", "questionId": 8}, {"type": "paragraph", "answer": "Poly.fun is designed to significantly boost Daily Active Addresses and transaction volume on Polygon PoS. As users create, participate in, and resolve prediction markets, each action will generate multiple on-chain transactions. We estimate that within the first 60 days of launch, we'll attract 10,000 unique users, each performing an average of 5 transactions per day. This translates to a potential increase of 10,000 DAA and 1.5 million transactions per month on Polygon PoS. As we integrate with existing prediction market platforms in later phases, we expect these numbers to grow exponentially, potentially reaching 50,000 DAA and 7.5 million monthly transactions by the end of the first quarter of 2025. These estimates are based on current Farcaster user engagement rates and the viral nature of prediction markets.", "hidden": true, "question": "Describe how your project will increase DAA and transaction volume on Polygon PoS.  Provide estimates on the expected volumes over the next 60 days.", "questionId": 9}, {"type": "paragraph", "answer": "n/a", "hidden": true, "question": "If applicable, describe any existing user base, partnerships, or traction your project has achieved. Include metrics if available.", "questionId": 10}, {"type": "dropdown", "answer": "Yes", "hidden": true, "question": "Do you understand and agree to complete Gitcoin's KYC process before processing payments?  All grantees receiving more than $15K will be required to complete KYC/KYB.", "questionId": 11}], "project": {"id": "0x6270d5dcef9b2d76a06eac781e3f0588cdf622c9aca7f733a9cb293f27e8cf62", "title": "Poly.fun", "logoImg": "bafkreigaczmu4am5akmt2htzbh4job5rhecmt7dwf6ijj43miooss3kdqy", "metaPtr": {"pointer": "bafkreieceoeyhwkw2nt4qxcggsjdpqvjl6hrh6fkhivglbyv5ba5oztlhy", "protocol": "undefined"}, "website": "https://polyfun.framer.website/", "bannerImg": "bafkreiagemdj66ef5ybieocdxe5cc4bzvoz567zo6aumofh36deruqujnu", "createdAt": 1728031722660, "userGithub": "epistetechnican", "credentials": {}, "description": "# Poly.fun: Revolutionizing Prediction Markets with Farcaster Frames\n\n## 🚀 Vision\nImagine a world where anyone can tap into the wisdom of crowds to forecast future events, make informed decisions, and shape the future. Poly.fun turns this vision into reality by democratizing prediction markets through the power of Farcaster frames.\n\n## 🎯 Mission\nOur mission is to create an inclusive, engaging platform that empowers individuals to propose, evaluate, and participate in prediction markets, fostering a community of forward-thinkers and decision-makers.\n\n## 💡 Project Overview\nPoly.fun is a groundbreaking Farcaster frame application that revolutionizes the creation and evaluation of prediction market ideas. By leveraging the interactive capabilities of Farcaster frames, we're lowering the barrier to entry for prediction market participation and nurturing a vibrant community of forecasters.\n\n## 🔑 Key Features\n\n1. **📝 Intuitive Idea Submission**\n   - Guided, frame-based interface ensures comprehensive proposal submissions\n   - Structured format captures essential details: question, market rules, outcomes, resolution criteria\n\n2. **🗳️ Community-Driven Evaluation**\n   - Transparent voting mechanism using emoji reactions:\n     - ✅ Approve: Endorse well-crafted ideas\n     - ❌ Reject: Filter out low-quality proposals\n     - 🔄 Revise: Suggest improvements for promising concepts\n   - Real-time tallying provides instant feedback on community sentiment\n\n3. **🔍 Dynamic Idea Explorer**\n   - Browse, search, and filter through a rich database of prediction market concepts\n   - Trending ideas section showcases popular and innovative proposals\n   - Categorization system for easy navigation across various domains (e.g., technology, politics, sports)\n\n4. **📚 Integrated Learning Hub**\n   - In-frame educational resources demystify prediction markets for newcomers\n   - Interactive tutorials guide users through the idea submission and evaluation process\n   - Regular content updates keep the community informed about market dynamics and best practices\n\n5. **👤 Comprehensive User Profiles**\n   - Track personal contributions, voting history, and reputation scores\n   - Showcase badges and achievements to recognize active community members\n   - Personalized recommendations based on user interests and behavior\n\n## 🛠️ Technical Implementation\n\n- **Framework**: Built on the cutting-edge Frog framework, ensuring seamless integration with Farcaster\n- **Backend**: Robust server-side logic for secure idea storage, efficient retrieval, and accurate vote tallying\n- **Authentication**: Leverages Farcaster's native authentication to maintain data integrity and prevent manipulation\n- **Scalability**: Architected to handle exponential growth in users and prediction market ideas\n- **Security**: Implements best practices in data protection and smart contract integration for future on-chain features\n\n## 🌟 Why Poly.fun Matters\n\n1. **Democratizing Financial Instruments**: By simplifying prediction markets, we're putting powerful forecasting tools in the hands of everyone, not just financial experts.\n\n2. **Enhancing Collective Decision-Making**: Our community-driven approach surfaces the most promising ideas, leading to more accurate and diverse predictions.\n\n3. **Boosting Financial Literacy**: Through engaging content and hands-on experience, users gain valuable insights into market dynamics and risk assessment.\n\n4. **Harnessing Collective Intelligence**: We tap into the diverse knowledge pool of the Farcaster community, potentially outperforming traditional forecasting methods.\n\n5. **Catalyzing Farcaster Innovation**: Poly.fun pushes the boundaries of what's possible with Farcaster frames, inspiring further ecosystem development.\n\n## 🗓️ Development Roadmap\n\n1. **Q4 2024: Foundation** \n   - Launch core functionality: idea submission, voting, basic exploration\n   - Establish community guidelines and moderation processes\n\n2. **Q4 2025: Engagement**\n   - Implement enhanced user profiles and reputation system\n   - Introduce gamification elements to boost participation\n\n3. **Q1 2025: Insights**\n   - Develop advanced analytics dashboard for trend analysis\n   - Launch API for researchers and third-party developers\n\n4. **Q1 2025: Integration**\n   - Partner with established prediction market platforms for idea execution\n   - Implement cross-platform sharing and embedding features\n\n5. **Q2 2025: Expansion**\n   - Optimize for mobile devices\n   - Explore development of a standalone companion app\n\n## 💰 Funding Allocation\n\nYour support will fuel Poly.fun's growth across critical areas:\n\n- 40% - Core development and feature implementation\n- 20% - UX research and design enhancements\n- 15% - Server costs and infrastructure scaling\n- 15% - Community management and marketing initiatives\n- 10% - Security audits and legal compliance\n\n## 🌈 Future Vision\n\nPoly.fun isn't just a Farcaster frame; it's the foundation for a new era of decentralized prediction markets. We envision a future where:\n\n- Poly.fun becomes the go-to platform for crowdsourced predictions on global events\n- Integration with DeFi protocols allows seamless market creation and participation\n- AI-assisted analysis provides users with deep insights into market trends\n- Poly.fun data becomes a valuable resource for researchers and policymakers\n\n## 🤝 Join Us in Shaping the Future\n\nBy supporting Poly.fun, you're not just funding a project – you're investing in a new paradigm of community-driven forecasting and decision-making. Together, we can harness the collective intelligence of the Farcaster ecosystem to create more accurate predictions, make better decisions, and ultimately build a brighter future.\n\n**Let's revolutionize prediction markets, one frame at a time. Back Poly.fun today!**", "lastUpdated": 0, "projectGithub": "polydotfun"}, "recipient": "0x9FEb467D2C51c2923f2b8B92fe1Fe136c946371E"}}