TosiDrop DAO Governance Platform

[GENERAL] Summarize your solution to the problem.

Through TosiDrop, projects are able to implement votes to decide on the direction of a project. On-chain voting will allow projects to seamlessly host governance events.

[GENERAL] Summarize your relevant experience.

Our team has been developing on-chain infrastructure on Cardano since 2018 and we have already deployed our claiming vending machine on Cardano's mainnet. We have the skills and experience required to integrate voting/governance on our platform in a seamless manner.

[GENERAL] Requested funds in USD.

[IMPACT] Please describe your proposed solution.

Our solution would turn TosiDrop to an all-in-one platform where projects can both distribute their project tokens in addition to hosting voting and governance events so community members can participate in the future direction of these projects.

Currently, there are not any mainstream voting platforms where projects can quickly implement governance votes for their community members. On TosiDrop, projects can allow their community members to vote on the direction of a platform by signing a transaction on TosiDrop. TosiDrop would charge a small fee for this service, which would then be an additional source of revenue for cTOSI and eTOSI, which is 90% distributed to the public. This infrastructure will allow the entire community to benefit from these voting and governance services, while incorporating an additional revenue source and facilitating community involvement in Cardano and Ergo projects.

Another aspect of this unique approach is that there is no platform where governance events on both Cardano and Ergo can take place on one platform. For projects that have platform tokens on both Cardano and Ergo, which we believe is a model that will only gain more popularity as more interoperable infrastructure is built, there will be seamless governance events on both chains on one platform. This will make interoperability an even more seamless experience for all users instead of the current implementation where these votes would be carried out on different websites for the same votes.

This all in one governance mechanism will ultimately provide the entire ecosystem with necessary infrastructure to push our industry forward as projects will be able to seamlessly carry out voting events on both Cardano and Ergo in a seamless manner.

[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.

Voting and governance is crucial infrastructure for DAOs. With TosiDrop, DAOs can carry out these voting and governance events seamlessly on our platform. This is necessary infrastructure for all DAOs, especially as most DAOs currently do not have the frameworks in place to carry out these votes on their own. This will accelerate the ability of DAOs to efficiently carry out governance events instead of each project needing to build out their own infrastructure to successfully implement voting. This is even more helpful for projects that are building on both Cardano and Ergo. Instead of being required to spend time initially building their own voting and governance mechanism, projects will be able to focus on building their core protocol while leveraging our governance and voting software.

[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?

The main risk would be not having the run rate to continue development as we look to continue building on TosiDrop v1.3.1 and adding features to create a more well-rounded experience to our community. As far as development and marketing capabilities, we feel confident in our ability to deliver in these aspects as we have been able to launch on Cardano mainnet and successfully airdrop over 20k addresses on Ergo along with grow a strong social media following. We have experience with writing software that interacts with both blockchains so we believe we can deliver an enjoyable voting and governance experience.

[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.

• Release Cardano mainnet (completed) --> Q2 2022
• Add TosiFee (revenue fee in that will benefit all holders of cTOSI and eTOSI) --> Early Q3 2022
• Release direct Cardano airdrops --> Q3 2022
• Release direct Ergo airdrops --> Q4 2022
• Release Cardano voting and governance --> Q4 2022
• Release Ergo voting and governance --> Q1 2022
• Release Ergo vending machine --> Q1 2023
• Release Cardano vending machine running fully on smart contracts --> Q2 2023
• Release full dApp running on smart contracts --> Q3 2023

[FEASIBILITY] Please provide a detailed budget breakdown.

There are currently 8 members of the team. $2,000/month each would allow them to comfortably focus on development and continue adding features to TosiDrop, which is to the benefit of all cTOSI and eTOSI holders with the 90% public allocation. This comes out to about $16k/mo and would ensure voting and governance development progress of about 5 months. This would provide enough time to fully implement all features that we would like to implement with voting and governance, including time to develop and test the code as well as onboard projects who are interested in these services, and thus providing more value to all cTOSI and eTOSI holders.

[FEASIBILITY] Please provide details of the people who will work on the project.

Each of our core developers can be found on our Twitter account (@tosidrop) under "Following."

The core developers include @cardanoapexpool @otg_wcat @seal_pool @bbhmm_stake @cscs_pool, @fireferrot2901, and @877psbyte6.

Apex works on the scripts to calculate number of tokens that should be sent to each wallet. Seal works on the backend, and Ferrot work works on the frontend. OTG, BBHMM, CSCS, and PSBYTE focus on DevOps and infrastructure.

[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.

Yes. In order to complete our full vision of TosiDrop, which is a platform that completely operates on smart contracts and allows anyone the autonomy to set the parameters for distributing their token, we will apply for more funds to conduct security audits on the smart contracts.

We believe the current proposed amount of funds will allow us to continue development for at least 10 months and implement all facets of the platform related to direct airdrops and vending machine-style airdrops.

[FEASIBILITY] Are you or any member of your team working on any other proposals in this Fund9?

[FEASIBILITY] Are you or your team working on any other proposals from previous Funds?

[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?

• Release Cardano mainnet (completed) --> Q2 2022
• Add TosiFee (revenue fee in that will benefit all holders of cTOSI and eTOSI) --> Early Q3 2022
• Release direct Cardano airdrops --> Q3 2022
• Release direct Ergo airdrops --> Q4 2022
• Release Cardano voting and governance --> Q4 2022
• Release Ergo voting and governance --> Q1 2022
• Release Ergo vending machine --> Q1 2023
• Release Cardano vending machine running fully on smart contracts --> Q2 2023
• Release full dApp running on smart contracts --> Q3 2023

[AUDITABILITY] What does success for this project look like?

TosiDrop is a token distribution platform that allows projects to seamlessly distribute their tokens and carry out voting and governance events in flexible ways on both Cardano and Ergo.

We believe this infrastructure provides valuable tools to DAOs by allowing projects to seamlessly distribute their tokens as well as host governance events for important protocol decisions.

TosiDrop is striving to be the premiere token distribution and governance platform where projects can use the platform in a seamless manner to address crucial infrastructure needed for DAOs of all shapes and sizes to be successful.

[AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.

This is not a previously funded proposal.