Currently there is no way to perform a decentralized, authorized, on-demand token minting from a smartcontract.
Develop an smartcontract that, using specific metadata as input, mint tokens on-demand only if a governance NFT was included in the tx.
This is the total amount allocated to NFT-authorized NFT-minter contract.
In Dandelion we found the need to decentralize the token minting to enable the N governors to be able mint tokens on behalf of the network. This is not possible without an smart contract or without sharing the policy secret keys among all the governors; which introduces serious [security] issues.
We think an smart contract like the proposed one would be really useful for many types of organisations and businesses, and that's why we propose to develop this as generic as possible, to become part of the essential Cardano ecosystem toolbox.
Our proposal is to hire some of the Gimbalabs Plutus-PBL (Project-Based Learning) team members to develop this, as they've already shown [0][1][2] the needed expertise to do so by delivering similar opensource contracts.
We propose to use AKI (Agile Katalyst Intrapreneur) framework [3] proposed in this same Fund7 to make all these efforts accountable and to serve best the community of users.
[0] https://gimbalabs.com/pbl/plutus/2021-10
[1] https://gimbalabs.com/pbl/plutus/2021-11
[2] https://gimbalabs.com/pbl/plutus/2021-12
[3] https://cardano.ideascale.com/a/dtd/AKI-Agile-Katalyst-Intrapreneurs/384039-48088
Key features/goals:
- Develop an Plutus Script that fulfils the following requirements
- Perform on-demand token minting
- Only authorizes specific NFT holders to trigger the minting
- Uses input medatada to distribute X amount to Y addresses
- Develop minimal boilerplate code to interact with the smart contract
Roadmap:
- 1st month: gather requirements, first initial proof of concept
- 2nd month: integrate boilerplate code, perform a real Dandelion token distribution
Key Performance Indicators for the first 3/6 months (KPIs):
- Working OpenSource contracts developed
Budget:
- 1x Plutus Engineer (2x $3500/mo)
Total: $7000
DevOps advocate with over 15 years of experience. Ex-Emurgo DevOps Lead. Gimbalabs Co-Founder. Dandelion Founder and Operator.