Some investors might not know how much an app would cost to develop, so to encourage investment and more building…
5-stage app building contest
Stage 1- ideas. Everybody generate ideas in a single thread. The one(s) that get built earn 1% of future fees generated to the idea person
Stage 2- quotes. Top devs reply to a thread with the expected cost to develop an app. Top liked comment sets the minimum “bounty”, 2% of future fees to the dev
Stage 3- fund the bounty. Once the bounty is set, investors can bid on the bounty. Winning investor pays the bounty and receives 80% of future fees from the project
Stage 4- sprint! Bounty has been set and contest can begin. Any dev(s) can participate, and have 5 days to create a prototype. Winner receives bounty and 17% of future fees
Stage 5- announcing the winner, marketing the launch, token launch