over budget

NFT-authorized NFT-minter contract

$7,000.00 Requested
Ideascale logo View on ideascale
Community Review Results (1 reviewers)
Addresses Challenge
Feasibility
Auditability
Solution

Develop an smartcontract that, using specific metadata as input, mint tokens on-demand only if a governance NFT was included in the tx.

Problem:

Currently there is no way to perform a decentralized, authorized, on-demand token minting from a smartcontract.

Yes Votes:
₳ 34,256,077
No Votes:
₳ 19,428,368
Votes Cast:
138

  • download
  • download

Detailed Plan

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

Community Reviews (1)

Comments

close

Playlist

  • EP2: epoch_length

    Authored by: Darlington Kofa

    3m 24s
    Darlington Kofa
  • EP1: 'd' parameter

    Authored by: Darlington Kofa

    4m 3s
    Darlington Kofa
  • EP3: key_deposit

    Authored by: Darlington Kofa

    3m 48s
    Darlington Kofa
  • EP4: epoch_no

    Authored by: Darlington Kofa

    2m 16s
    Darlington Kofa
  • EP5: max_block_size

    Authored by: Darlington Kofa

    3m 14s
    Darlington Kofa
  • EP6: pool_deposit

    Authored by: Darlington Kofa

    3m 19s
    Darlington Kofa
  • EP7: max_tx_size

    Authored by: Darlington Kofa

    4m 59s
    Darlington Kofa
0:00
/
~0:00