Hello we are applying for the Jupiter grant and would like to bring tokenized apparel to ONT this would be the first on ontology. Our project is https://ethersocks.io/ and we are proudly the second project to tokenized apparel after Unisocks. I think this would be a very great fit for the ontology ecosystem and would be a great way to get users involved while at the same time giving them something physical to hold on to. Our project format requires you to burn a token and in return you receive a pair of socks with free shipping and a NFT to go with it. We will branch out and make Ontsocks.io we as a team have always loved the ontology ecosystem and it would be a great opportunity to work with and benefit the ecosystem.
Thank you for your proposal.
Please provide more information about:
- The functions of your project
- The specific execution plan and time schedule
- The specific grants you would like to have for each milestone
- What extra support you would need from Ontology
- Main functions
- Liquidity pool is seeded with oSOX/ONT
- User Purchases oSOX with ONT
- Token is burnt by user
- User fills out shipping form
- Socks are sent to provided address
- NFT is minted to provided address
- plan of execution
- Design and production of physical oSOX “1 Month” [samples must be ordered and Inspected for quality
- Designing webpage and redemption form “1-2 weeks”
- Creating oSOX Token the oSOX token contract with a 3200 supply would be created once website and redemption form are completed “1 month”.
- Seeding Liquidity pool “1 - 2 months” Half of oSOX supply 1600 would initially be LP’d along with 96,000 ONT at a 60 ONT starting price.
- Multisig would be required for holding remaining oSOX, LP tokens and ONT, multisig can consist of trusted ONT harbingers/community members as well as our team members a 4/8 quorum would be fine.
- Grants for milestones
- Grant needed to seed initial liquidity pool amount needed would be around 96,000 ONT "requested once website, redeemer, multisig are completed and Socks/packaging designs are finalized and ordered.
- Grant needed to insure worldwide shipping for 3200 orders would total around 75,000 ONT requested once liquidity pool is seeded and first orders start going out.
- Grant needed for marketing/team expenses 200,000 ONT requested once project is functioning and shipping out to users.
- support needed from Ontology
- General awarenesses support like retweets or tweets would be very helpful
for awareness prior to launch.
Thank you for the information. The application is under review.