coinverse

Empowering creators to build thriving web3 communities.

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💡Inspiration

We all know that NFTs and tokens serve as powerful assets for community builders to engage and support active contributors. Coinverse supports a unique niche of the 5ire chain which enables sustainability and empowers creators to build thriving web3 communities. The use cases are not limited to crowdfunding the project, rewarding anyone for contribution, or incentivizing individuals. Our social tokens can be minted on 5ire network and NFT memberships to increase engagement ratio, build tokenized community, and whatnot. We desire to provide a launchpad that simplifies community, monetization, and growth. This space aligns with the development of the 5ire ecosystem. This is powerful.

😃What it does

It provides an interactive no-code platform that allows users to create a community token and NFT memberships. There are lots of actual use cases for social tokens and NFTs:

  • Crowdfunding 📣: to raise funds as contributors will receive Social Tokens in exchange for their USD, will be incentivized to do it.
  • Giving a financial value to your Token💰: create your liquidity pool on Uniswap
  • Get Some Initial Funding To Achieve Your Vision 🎯
  • Kickstart A Community & Grant Access to Early Members 🎟️
  • Increase Engagement Ratio Within Your Community 🚀
  • Share governance power thoughtfully when launching a Social Token 🧑🏻‍🌾

The platform's most distinctive aspect is its ability to ensure security and user friendly launchpad for anyone with few easy steps. The smart contract factory handle these operations, and simplifies the tokenization.

🔧 How we built it

We created this semantic frontend using NextJS, Tailwind CSS, and Chakra-UI. The dashboard provides everything that a user need which includes support and previous logs of any created asset on coinverse. On the technical side, we've used Solidity to develop a smart contract that initialize a factory to forge customized social tokens or NFT collection as per user’s details, and the utility of tracking. The smart contract is deployed on the 5ire chain testnet which enables the sustainable approach. We've designed coinverse in such a way that it helps any user to easily launch their own token or NFT memberships. It’s simple and basic. The user can see how many tokens or NFT memberships they have created on coinverse through their dashboard.

💪Challenges we ran into

We didn’t know how things work on 5IRE Testnet. And yet we successfully deployed on 5ire chain.

  • Deployed Address: 0x49Ce836FB5b47a109A843287676050832F3712C7
  • Deployed NFT Contract Address: 0xb500B547AAF81C8881f839C4Fc100E160297f603

The most challenging part for us was to integrate the read-write contract functionality. We couldn’t able to provide airdrop right now yet we are stick to provide user centric UI and powerful tool for Communities, DAOs and Guilds.

🙌Accomplishments that we're proud of

We only had two goals: to make it user-friendly and simple as that. During this course of period, we managed to create a user experience that is interactive and seamless. Throughout the development, we ensured that we all felt included and had something to contribute. This was the best space that we have worked on so far and looking forward to building more for the growth of 5ire ecosystem.

📚What we learned

We have learned about smart contracts and their deployment. What we learned most of all was how to use these versatile technologies: Solidity primarily! We got to know about SPoS consensus and how it is different from other chains enabling sustainability.

💭What's next for coinverse

There are so many ideas that would have been amazing implementations, but we had a limited scope of commitment. We will build the airdrop feature and some cool guides for the communities as learning is the only way to grow together. Tracking over any chain by interoperability feature and analytics… what ISN’T next for coinverse.

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