# PRD: Paymagic  💸✨

**Published by:** [Paymagic Labs](https://paragraph.com/@corbin-2/)
**Published on:** 2021-10-08
**URL:** https://paragraph.com/@corbin-2/prd-paymagic

## Content

This post is the PRD for Paymagic, a hackathon project built as part of EthOnline. A “PRD” is a Product Requirements Document that describes a customer problem in an emerging market, proposes a set of features that meets their need, and provides tangible criteria for measuring success and enabling future product iterations. If you have feedback, we’d love to hear from you here! 🙏 Join the Telegram here! 💬SummaryPaymagic empowers DAOs and crypto teams to send specialized crypto payments, like batch transfers, vesting schedules, streaming, escrow, airdrops, etc, on any EVM compatible blockchain or Layer 2’s.ProblemBlockchains are frequently used for executing special crypto payments, but there’s no simple application for managing them all in one place. DAOs and crypto teams need developers to deploy contracts and execute these payments or distribute rewards, rather than allowing the finance team to handle these tasks.Target UsersDAOs & crypto teams want to send specialized crypto payments to reward contributors, pay contractors, issue vesting tokens, and more.Crypto savvy users want to easily get paid in crypto for their contributions.From Cooper Turley & CarlosDescriptionThe market for DAO tools is exploding! 🚀 And they need simple payment tools for sending a variety of smart contract-enabled payments for their operations but no single, easy-to-use app exists for them. L2s and sidechains open up more usage of crypto payments since the gas cost and transaction time are greatly reduced. Paymagic operates at the intersection of all these trends and seeks to provide the best tools and user experience to support the growth of these markets.Payment TypesInitial payment types:Disperse - Send tokens to multiple recipients at onceGreat for rewarding followers or paying contributorsVesting - Create a token vesting schedule for a recipientGreat for vesting tokens over time to your team or investorsStream - Send tokens continuously by the secondCreate real-time subscriptions, salaries, or vestingAirdrop - Send token rewards for recipients to claimReward liquidity providers, users, or communitiesInitial network support:MainnetPolygonKovanSuccess MetricsComplete user testing with DAOs and crypto teams to use the application for their operationsDocumented conversation with 5 teamsDocument 3-5 key learnings from user interviewsWorking web app prototype deployed to PolygonNo critical bugsAverage 5 transactions initiated through the web app each weekSolutionWe built the Paymagic web app to meet the needs of DAOs and crypto teams. We hope you’ll give it a try, send some transactions, and give us your feedback! For any user feedback, we’ll be compensating you with future tokens or NFTs as the project matures. Send your user feedback here! 🙏Paymagic app v0.3DevelopmentPaymagic was developed by David Eiber, Seth Feibus, and Corbin Page. We hope to onboard more team members and build the project into a DAO over time.Product BacklogGnosis Safe supportBetter network switchingNew Payment typesNFT AirdropsPrivate transactionsDifferent Escrow contractsNew networksBSCOptimismArbitrumThanksPaymagic was inspired by the ideas and creations of projects like Disperse.app, SuperFluid, Sabler, MerkleDrops, and many many more. 🙏 Thanks to the users, DAOs, and SMEs that informed the project and contributed to its development. We hope you’ll join the DAO going forward. 💸✨Standing on the shoulders of giants

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