Outbid franchise on the Hub

Executive Summary: Astrovault proposes the integration of our innovative fundraising platform, Outbid, into the Hub directly. Outbid functions as a decentralized, gamified launchpad, designed to facilitate a pipeline of transparent and accessible fundraising for projects within the Cosmos network. This model not only streamlines the fundraising process but also enhances community engagement through an auction-based micro-sale system. This would also bring a level of sustainability to whatever DAO the Hub elects to handle marketing and BizDev efforts. Context: There was initially an agreed upon deal between us and the AADAO to propose this together under the terms that we received $200k in funding ($60k in an up front grant and $140k through additional fees raised through successful sales - basically built in KPIs) with a longterm structure of 4% fees for us and 6% for them/community pool. Since then they have claimed to lack the resources to handle BizDev and Marketing efforts to operate a standalone franchise of Outbid, and therefore this proposal outlines us going forward for free, without sharing revenue, with the idea that we will happily turn over the franchise to any…

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This literally sounds fantastic. I don’t see why this wouldn’t garner immediate approval. I’ve used Outbid in the past, and the gamified part is so fun, but the way it impacts the future tokens and businesses using it is legit. Big fan of the Astrovault team, as well. They always deliver.

I feel that comparing Outbid and StreamSwap is not the most appropriate. You’re talking two products with completely different feels. That does not mean there is not room for both, and I would in fact advocate for having both. As Eric stated above, they facilitate quite differently but are often complimentary use cases, which we need MORE of in the blockchain space.

One thing I have personally been fighting for is to get more people from Web2 to Web3. Outbid is already designed to do just that, and I would rather see Outbid being used for crowd-funding than Kickstarter. There are more elements to Outbid than are obvious that make it fun (coming from someone who might have had a little too much fun giving people snarky names…)!

It would be a huge mistake to not have Outbid on the Hub. I’m not on camera so you can’t see the emotions play across my face right now, but hopefully the words convey them. Let’s make it happen!

Thanks for this proposal, @ericontokenomics . As a longtime Cosmos ecosystem user and DeFi participant, I have seen many Applications come and go throughout the last several years. I have seen incredible ideas to come to life, and it is thanks to the technology developed in this space. With that being said, I have also seen great stagnation. I joined the Cosmos Hub in late-2019 as a new user, without even knowing how wallets worked. What I have seen since, has been a bit of a letdown. Cosmos Hub has stated a desire to be THE place for people to come to, for all their Cosmos needs. If the Cosmos Hub is truly serious, and wants to become greater than what it has been, it will need to demonstrate a willingness to engage with projects - both large and small, and in good faith - in order to realize this vision. I have been a long time user of DEXs and launchpads in the Cosmos ecosystem. Nowhere else can someone be their own VC, when making their first foray into a new token launch. This component levels the playing field between individuals, who are often shunned from the startup investment space - and are typically unable to take advantage of the benefits that are often…

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Good points! I would love to see new deal flow into the Cosmos. That’s the only way we’re going to reach new users and bring income and usage into crypto. Thanks for spelling it out this way.

Details aside, there is a clear advantage in using the hub as a token launch pad: SIMPLICITY We’ve all looked at Solana with envy as they reap the benefit of concentrating all token & project launches on a single user friendly platform. One wallet address and one connections gives access to thousands of projects. With the right app, the Hub can replicate this effect for the rest of Cosmos. Not only is $ATOM the most reliable & abundant source of liquidity, but it is has the advantage of onboarding new users with the least friction…everyone knows the $ATOM token. Not everyone knows that Cosmos consists of 75+ chains that each has its own token & wallet address. Consider how many clicks / transactions is needed for a newcomer to buy a token on one of the many smaller networks in Cosmos. Even onboarding to Osmosis is not as straightforward as it once was given that many features & apps have been added, limiting access to intermediate users. Imagine teams from all around Cosmos using Outbid to raise capital, debut their tokens, and then later migrating the liqudity to a DEX of their choice. From the user perspective, participating in a launch like this can be as easy as buying…

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ericontokenomics:

There was initially an agreed upon deal between us and the AADAO to propose this together under the terms that we received $200k in funding ($60k in an up front grant and $140k through additional fees raised through successful sales - basically built in KPIs) with a longterm structure of 4% fees for us and 6% for them/community pool. Since then they have claimed to lack the resources to handle BizDev and Marketing efforts to operate a standalone franchise of Outbid, and therefore this proposal outlines us going forward for free, without sharing revenue, with the idea that we will happily turn over the franchise to any Hub-elected DAO based upon the handshake deal established.

@ericontokenomics am guessing this is a verbal agreement? When was this conversation had?

@0xjordy @Syed @Carter_Lee_Woetzel @CuriousJ @neshtedle
I recognize marketing resources are tight given Syed’s projected departure in Dec. But from what I understand – based on what team members conveyed (as recent as last week), there are now six contributors working on BD following the GM’s departure.

Ya, verbal agreement to propose together, made in Dubai. AADAO doesn’t truly owe us anything. Even that deal would be contingent upon passing governance obviously. Just frankly, it makes far more sense to us for a team that has minimal conflicts of interest (in theory), greater reach and deal flow, and access to Cosmos Hub channels to facilitate this pipeline to operate it. We can’t force anybody to work, can simply present opportunities and let people take them or leave them. I won’t speak for any other members here, other than what my experience was in meeting in person. I’m not on the AADAO and not privy to their plans/pipelines. We were made aware very recently that this proposal would be only by us, not a joint effort. That is differnet than had been planned and agreed upon. Our offer still stands to them, or anyone the Hub represents, as we approached them as representatives of the Hub. In my opinion, we are not the best team to operate this franchise. We can build it, maintain it, facilitate it, but somebody with dealflow and less biases will always be better equipped, and in my opinion, better represent the Hub’s interests directly. That said, we’re more than…

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To clarify, there was no handshake deal, no verbal agreement, and no rescinded offer from AADAO. Outbid’s claim that we backed out due to “lack of resources” doesn’t reflect the full picture. Eric expected us not only to fund his project but also to handle all business development—a substantial lift for a franchise setup that doesn’t align with our model. Expecting AADAO to approve a grant and then take on BD for his project was simply unrealistic. I’ll be honest—while I’m disappointed by Eric’s response, I’m not entirely surprised. This isn’t the first time he’s voiced frustrations publicly. During the tokenomics RFP process, when he wasn’t selected, he openly criticized us in live spaces and on social media. This pattern of being supportive only when things go his way but quick to criticize otherwise feels counterproductive to genuine collaboration. Even so, we offered to help with governance, yet instead of working together, he’s chosen to post negative comments about us on the forum. If Eric truly believed we had an agreement, I apologize for any misunderstanding. But there was never a formal “deal” or vote to finalize terms—just an initial discussion that we couldn’t…

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Thank you for the largely fair and contextual response. I have great respect for the AADAO, and in particular your work and role with them. My aim is not to attack the AADAO, but to add clarity for why we’d build something with no direct revenue share for the Hub yet, and outline a definitive path, with context, for how to get there. CuriousJ: Eric expected us not only to fund his project but also to handle all business development—a substantial lift for a franchise setup that doesn’t align with our model. I get this. I view it very differently, from our perspective it’s an ask for building you guys, or any DAO representative, a means of economic sustainability for traditionally unmonetizable work. The AADAO has resorted to venture deals, largely stemming from our suggestions when we voluntarily contributed AXV tokens in recompense for the grant facilitated, as a means of trying to make the AADAO more sustainable. As you should! We believe that this offers a far more profitable, equitable, and transparent means of bringing sustainability to the AADAO. Additionally, through a franchise, it wouldn’t be [my] project, but rather yours/the Hubs. I also was under…

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Key Issues:

1. There is currently no clarity if AADAO (as is) or a repurposed organization with a revised mandate is planned for 2025
2. Hitherto, discussions with contributors about revising the mandate have made somewhat clear that the venture investment function needs to become a separate DAO

• Reason: The decision-making flexibility needed for venture investments conflicts with the reporting requirements of a hub-owned DAO

@0xjordy @Carter_Lee_Woetzel (I’ve asked Ventures and StratComm to clearly communicate a vision for the ventures function. Hour is getting late. Can you please push for clear public comms on this?)

Recommendation:

AADAO Contributors should clearly communicate (no later than mid December):

• Vision for a renewed mandate and what comes next, or
• Whether a renewed/revised mandate will be inclusive of any number of current contributors

If contributors don’t plan to continue, they should announce this promptly so others have the opportunity to develop and submit their own hub-DAO based proposals.

This is an absolute win in my book and am happy to support!

As others have noted, the simplicity of connecting directly to the ATOM token itself and its easy connections to every other part of the Cosmos ecosystem is a game changer. Teams, users, and general community members can take part in Outbid auctions to back ideas they collectively believe in.

From personal experience, I have used Outbid on Archway and absolutely loved everything about it. The gamification / psychological aspects to bidding are top notch, and for those who haven’t directly experienced it are truly missing out from a great UI/UX.

Finally, having known Eric from some time as a fellow Kingdom Ventures member, meeting Ethan early on in their journey, having BEgnEE question my Pictionary skills, and getting to know others in the Astrovault team and broader DAO, I can unequivocally state that they are some of the most intelligent, passionate, devoted builders and down right good people I have ever met not only in Cosmos, but all of my Web3 journey over the last 7 years.

I hope that the Cosmos community will support this initiative through its governance system

This proposal offers an amazing opportunity for the Cosmos Hub to launch a fun fundraising platform, Outbid, which can significantly improve the ecosystem’s appeal to new projects and users. I like the fact that retail can get involved just like the VCs. The lack of a native fundraising solution has been a notable gap in the Cosmos Hub’s offerings, hindering its growth and competitiveness. By partnering with Astrovault to develop Outbid, the Cosmos Hub can fill this gap and provide a seamless, user-friendly experience for projects seeking to raise funds within the ecosystem. This will not only attract new projects and users but also increase the overall velocity of atom and activity in cosmos, ultimately driving its growth and success. Two thumbs way up.

This proposal is a game-changer for the Hub! Outbid would make fundraising more accessible and fun for the community while bringing in sustainable revenue.

With Outbid, Cosmos can attract exciting new projects and give early supporters great opportunities, all while keeping things transparent and community-focused. Plus, Astrovault’s team is handling setup and support, which makes things even better.

Let’s support this and take Cosmos to the next level!

Tbh, this is an interesting and amazing opportunity .I support this proposal to integrate Outbid into the Cosmos Hub. The team is offering to deploy without upfront costs and has demonstrated Outbid’s effectiveness through successful raises on Astrovault, which is great. the platform’s flexible parameters can accommodate different fundraising needs, and the franchise model is well-suited for the Hub’s infrastructure. This shouldn’t be up for debates at all. This is one platform that can sustainably offer revenue to the hub, and we cannot afford to throw it away. Beautiful UX, few clicks etc.

Also, I think the team’s willingness to eventually transfer operations to a Hub-elected DAO aligns with ecosystem values, while their experience in DeFi and tokenomics provides confidence in execution.

The gamified auction mechanism can also help drive ATOM velocity and ensure fair distribution, which can make the integration more valuable for strengthening the Hub’s position in the Cosmos ecosystem.

This should be approved and appreciated. Excellent work.

Electron team here—jumping in to say we’re working with Astrovault to do our launch on Neutron soon. Just to note, clearer comms between AADAO and Astrovault wouldn’t hurt; verbal agreements only go so far, so putting things down in writing or running it through governance would be solid for transparency.

Anyway, we’re pumped about the Outbid integration on Cosmos Hub. It feels like a solid move for boosting fundraising options in the ecosystem and drawing more eyes (and people) to the Hub. Plus, Outbid’s gamified, decentralized vibe fits right in with the open and community-driven goals here.

Hello Eric and Cosmos Community,

Evolved Human Care is interested in launching our token through Outbid on the Cosmos Hub. The Outbid model aligns closely with our goals, offering the decentralized, community-driven approach we need to support our healthcare innovations. It was great connecting with you at Cosmoverse Dubai, and learning more about Cosmos Hub’s initiatives confirmed how valuable this opportunity could be for projects like ours.

We’re looking forward to exploring Outbid further and seeing how it can support a meaningful launch for our token on the Cosmos Hub.

Best,
Evolved Human Care

Keeping things intentionally optimistic and positive here:

If you consider the HUB as a living organism, a flowering plant for example, there are certain things this plant needs to survive and flourish and become a massive garden environment. It needs a foundation that is built well enough to sustain growth (this part is already there). It needs nutrition (food, water, sunlight). That nutrition is in the form of users.

If that plant gets what it needs in the form of users, the plant benefits and flowers. If the plant flowers without the things it needs to sustain its nutrition it stops and eventually starts withering away because it’s consuming itself and its potential is never realized. I realize this is a very SIMPLE way of putting things.

How does having Outbid on the Hub help with this? It attracts more users (aka the water, food, sunlight). It enables start-up businesses that may otherwise get taken advantage of to have a safe place to start. This creates a better garden bed. Who benefits? The people who support that garden environment: the people creating NFTs, people solving problems, people building things based on random (but FANTASTIC) ideas they’ve had.

ericontokenomics:

with only a revenue share back to their hub.

ericontokenomics:

has the opportunity to get a piece of the action.

ericontokenomics:

The Hub needs a clear role, mission, and purpose. The ATOM token needs greater market penetration and velocity.

Though this is a captivating idea, the Cosmos Hub does not need to become more bloated than it already is, with additional features, when there are already parts of the whole that need to be taken away due to (“unaddressed”) potential security threats, i.e. the current Liquid Staking Module (LSM).

Therefore, Outbid sounds like a great opportunity to be realized/birthed as its own Zone, easily achieving these quotes/comments, by utilizing the Hub’s existing minimal/SIMPLE role, mission, and purpose, of providing shared security through ICS1+, or PSS, etc.

ericontokenomics:

This would allow the community early access to new projects and provide a kind of social safety net to ensure projects funded align with community sentiment and would allow them to be funded accordingly.

Don’t like the way AADAO pulled their support of this. Really bad show. Feels like shady people once again pulling strings behind closed doors.

iamkatietv:

Don’t like the way AADAO pulled their support of this. Really bad show. Feels like shady people once again pulling strings behind closed doors.

Were you there to witness this show of support, details, etc.? Guessing no, so you leap to a conspiracy?

Fascinating behavior.

Edit: also, based on AADAO contributor responses, I don’t even get the sense that they “pulled support”. Sounds more like this idea/collaboration just needs more time to cook.

I mean, quite a few from our team were all there for “the handshake,” so…conspiracy, no; that “conspiracy” is based on what someone else is saying, changing the story of what actually happened. Shrug. The trip to Dubai was quite literally to have this meeting that was had.

Good ol’ he-said she-said.

Anyway, sounds like an interesting idea. I’m interested.

I imagine the boomer response from a few will be that this absolutely must not exist on the Hub directly, so that’s probably most of the feedback you’ll hear. Otherwise, if it’s on Neutron, there’s really nothing to lose as it’s permissionless. The maintenance, promotion, etc. of it is another topic.

Hey folks, Apologies about the mishap that seems to be unfolding here - this seems to be my doing. I was (and am) excited about Outbid as a pseudo-ICO platform, marrying up with ICS/Forge, so that the Hub offers a rounded token launch platform. While Streamswap is cool and the OG platform for this, Outbid imo offers a more exciting gamified experience with very interesting PvP mechanics. [yes, I equate the two platforms. If I was launching a token, I’d personally use one over the other…and I’d choose Outbid] I was also positively intrigued about the funding model too - not the numbers in particular - but the general framework of franchise fees, minimal outlay, etc etc. The structure also means if the product fails, our cost is limited. If it succeeds, Hub gets a share of all token launches on the platform and Outbid team is generating enough revenue to stay committed to it. Since a Hub franchise is also key for Outbid to gain other franchises, we also discussed things like code licensing, white-labelling, time-based exclusivity for the Hub for new features, etc - ALL of which will be needed to ensure Outbid on the Hub is competitive vs deployment elsewhere (and I urge you…

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Hey everyone,

I wanted to clarify the recent situation to ensure we’re all on the same page. Since I wasn’t present for the handshake agreement, I initially believed it was a misrepresentation, which led to some understandable frustration on my end. Outbid reached out to discuss this, and after a constructive conversation with @ericontokenomics , we were able to address the miscommunication directly and resolve things amicably.

I now see how this misunderstanding occurred and appreciate the team’s openness in working through it. I hold no grudges against anyone involved and am still a fan of the protocol and the work they’re doing. It’s clear there was no ill intent, and I value the respectful way this was handled.

Moving forward, I’m committed to keeping communication clear to prevent similar issues and maintain our shared focus on supporting the Hub. Thanks to everyone for their understanding and cooperation as we move ahead together and apologies for the inconvenience it caused.

DEMO THREAD!:

We’ll be doing several live demos of Outbid while this prop is in the forums, and even a live, mainnet launch for Electron on Neutron’s mainnet while the prop is set to go on chain!

I’ll be replying to this comment with more news about demos, and recap videos for all who want to better see/feel what Outbid is, and how it works.

For starters, see you guys tomorrow, November 15th, at 4PM UTC for a demo on the Archway testnet. Will be livestreamed on YouTube and X

Eric Waisanen (@EricWaisanen) on X

Outbid is an incredible platform, and we’re excited to be working with Astrovault. Their DEX stands out for its profitability and consistent revenue generation, which is rare in the space. We’ve been really impressed with the team’s dedication and professionalism—they’ve been incredibly welcoming and supportive since we first got involved in crypto. Not only are they building something special for the ecosystem, but Astrovault’s approach will be a huge asset to the Cosmos Hub by helping new projects secure funding and launch successfully. We’re looking forward to the continued partnership and all the exciting possibilities ahead!

For those of you who missed it, the demo is viewable on Youtube, Twitter and Twitch. www. youtube. com /live /c1m9YVCj8Ew?si=lc-J7gDGUXoQLqv3

Take the spaces out of the link I posted and it will take you directly to it.

I’ve had a blast every time I’ve participated in a demo, and this will help explain why!

I’m really excited about the vision behind Outbid! This will be a fantastic resource for project creators and the community alike, and I would love to explore using it for DataVault’s fundraising needs. Huge congratulations to the Astrovault team for bringing this idea forward!

I think having Outbid on the Cosmos Hub is fantastic idea for these reasons:

Support for Emerging Projects: It provides a low-cost infrastructure for projects to list and fundraise, potentially attracting more developers and projects to the Cosmos ecosystem.

Increased Utility for ATOM: Integration of governance and platform capabilities could provide more use cases for ATOM, solidifying its role in the broader Cosmos ecosystem.

Cross-Chain Opportunities: Outbid’s multichain expansion could position the Cosmos Hub as a critical node in the interchain DeFi and fundraising landscape.

I understand that there are things to consider and it needs to be applied with care but, if done right, Outbid could be a major win for the Cosmos HUB.

Thanks for this feedback. I understand the sentiment around Hub minimalism, however I contrarily believe that the Hub should have some defined and useful role within the Cosmos Ecosystem, other than just community pool deployments. Note that we are not interested in launching a separate PSS or Zone in Cosmos. Astrovault and Outbid are both already on Archway and Neutron, and being built on Nibiru. If this prop fails, the protocol will still live on, just closed source, and on our various deployments. Adding a PSS zone just adds overhead with validators, relayers, maintenance, oracles, etc. Additionally, we do not pose any significant protocol risk to the Hub. Outbid is solely built using WASM smart contracts, and won’t require any type of core protocol upgrade to the Hub, nor any module refactoring. CosmWasm already exists on the Hub, but is just permissioned. We just need permissions. If we continue to act only on other deployments, it just means that the projects we aim to serve (several in the comments in this prop already) will likely raise less money, and grow alignment and awareness to a specific chain rather than with the Cosmos Hub. It feels like a mismanagement of…

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Now that AADAO is sunsetting, does this change the plan? … what’s the plan now?

Great question. Our plan is still to launch this proposal and move forward with it. As more and more Cosmos community get to use it and enjoy it, and more projects are able to raise more funds through it, then hopefully we can revisit this on the forum and elect a proper DAO to operate it?

Ideal operations would have the operating team having access to core Cosmos social accounts, properly leveraging the Hubs reputation. We as an existing team and DeFi project have conflicts of interest, of which we’re always happy to disclose. If we were given access to such accounts that’d be cool, but as I’ve said, I think it’s in the best interest of the DAO to have an elected, Hub representative DAO with less conflicts of interest.

If and when that happens, we’re happy to turn over all keys to the castle based on the same deal we had agreed to? But I think moving forward with this in the short term will be really helpful to new projects building here, and help highlight how profitable it can be for the HUB.

ericontokenomics:

If we were given access to such accounts that’d be cool

lols…don’t even ask where those keys are!

But I agree, this project can and should continue without AADAO. The hack should be:

• Hub’s share of revenue just flows back to CP directly, but Outbid team will have to do a bit of extra work and update the community in the forum about progress / revenue every so often
• Someone on Hub side should do some BD for this, but unfortunately, this will likely also have to fall on Outbid team (in the interim)
• Similar to BD, marketing should be handled on the Hub side too, but without a counterparty here, I think that would just need to be done by the community at large (with Outbid support)

I know I’m laying on a bunch of things on @ericontokenomics and team, but I think the upside for them is:

• the quicker Outbid is proven to be successful on the Hub, the quicker the community will organize itself and take the reigns
• the quicker and more profitable Outbid is seen to be on the Hub, the more likely Outbid is to win franchises on other chains and ecosystem

So I’m going with “more work for Eric and Outbid, but it’s a win-win for all”

Syed:

• the quicker Outbid is proven to be successful on the Hub, the quicker the community will organize itself and take the reigns
• the quicker and more profitable Outbid is seen to be on the Hub, the more likely Outbid is to win franchises on other chains and ecosystem

Dude… you get it. Yup. Yes to all of this. Give the community something to actually unite around for once, in a way that’s fun and where success begets success.

We don’t mind putting in the work, we’re used to it ;D

@Syed

I don’t know, what do you think, could the Hub account share the forum thread? Since it seems that it’s not gonna launch through AADAO but a community voting?

Imma share it on some channels but things always look more important when the hub account posts it

The official guideline is for the prop to be shared on Hub twitter once onchain.

But let me do a thing on AADAO twitter fwiw

Hi, it’s all looking great.

I am just reading about it, but it seems Outbid has some strong support here, and I am sure it is justified.

However, I just would like to ask for clarification. Is it going to be a proposal for including a closed source smart contract on the Hub?

Indeed, I have read some mention of closed source in the thread, but not sure what it is about.
I personally have no issue with closed source in general, however I would not want to see anything closed source on the Hub (would be totally fine on Neutron if it was the case).

Thank you.

Regards,
arlai

Outbid is currently closed source.

Part of the agreement with the Hub would be that they would open their repos, but with BSL (to protect their franchise model)

Hi Cosmos Community,

Nathan here from Landslide, the IBC connection to Avalanche.

We’re excited about the innovation happening within the Cosmos ecosystem, and we’d like to express our interest in exploring the possibility of using Outbid on the ATOM Hub.

Of course, this would be contingent on thorough legal review and jurisdictional compliance, as required. However, we believe there is significant potential in leveraging Outbid for collaborative opportunities that benefit the Landslide, Avalanche, and ATOM ecosystems.

We’d love to hear your thoughts and explore how we can work together to make this happen.

On behalf of the PRO Delegators’ validator and the Govmos team, we would like to express our strong support for exploring this potential partnership. At the very least, we would fully back a signaling phase with a positive vote on the validator. We also encourage the community to consider the broader implications of this venture . With the upcoming conclusion of AADAO services, we strongly advocate for the swift establishment of a new grant DAO . This is essential to maintain the critical role of grants in the Hub’s ecosystem and to prevent direct allocations from the community pool without proper review and oversight mechanisms. At Govmos, we firmly believe that DAOs are indispensable for specific services such as grants and fundraising, just as financial risk management and liquidity planning are for Hydro. In this context, we see a valuable synergy emerging from a grant committee overseeing a community-driven bidding mechanism to allocate funds to the most impactful projects. This would effectively parallel Hydro’s decentralized liquidity allocation system, with Outbid functioning as the equivalent bidding protocol for strategic community grants. In line with this…

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Just to answer this objection, Hub minimalism is a failed experiment, if ATOM is to succeed it needs to provide value besides being a staking token with infinite inflation.

Supportive of this and agree with Syed’s points that in the interim Outbid team would have to do some of the BD/marketing needed for this.

Thank you for your thoughts and support.

I personally agree. Elected and capable stewards that operate transparently are vital to the success of any DAO, and yes, such a DAO of capable stewards should operate Outbid.

We plan to move forward with the prop as is (barring significant negative feedback and asked changes), but let it be known that our full intent is to support and facilitate operational authority to whomever the Hub sees fit.

We encourage you not to rush this proposal or dismiss some of the negative feedback received. Instead, we recommend conducting a more thorough technical review of the protocol you aim to deliver. While we have examined the materials provided, we believe additional technical documentation detailing the protocol’s functionality and mechanics is essential for us to make an informed decision.

Your system indeed introduces intriguing mechanics, some of which are outlined in the shared content. However, a comprehensive technical document would allow us to fully understand the underlying functionality and operational details. We look forward to reviewing such documentation before casting a vote in favor of this protocol—or any other competing proposal that may be presented to the Hub.

fair enough.

Context though, our team is heads-down building a lot of stuff. We’re probably not going to jump through a ton of hoops, as we’re not asking for any money to deploy. That kinda stuff could absolutely be worked out whenever it was time to pass over the franchise, at which time we would expect payment.

luisqa:

Just to answer this objection, Hub minimalism is a failed experiment, if ATOM is to succeed it needs to provide value besides being a staking token with infinite inflation.

Couldn’t agree more. If people want a minimalist, do-nothing Hub, go sit around and compound your stake on AtomeOne.

Demo 2, on Neutron Testnet!

ThePodocasts on the KPOD Network - Outbid Part 2!

Yup! Let's have some fun!

Please define “succeed” @luisqa. If this term solely means “number go up LFG,” then theres a slight chance of empathizing with where you may be coming from.

The Cosmos Hub, being minimal, was intentionally designed to be “boring,” by focusing on providing security to other soverign zones (Hub and Spokes model). Simply put, these zones flourish, then provide and accrue value back to the Hub, and ATOM stakers, through shared revenue.

Thus, arguably, Hub minimalism is not a “failed experiment,” rather relatively early in its process.

Dear Eric and the Cosmos Community,

It is essential that we take constructive measures to assume responsibility for the infrastructure that can steer Cosmos back towards the dynamic momentum it once exemplified.

At Aloha Biotech, we hold deep trust and respect for Eric’s proven leadership and the security inherent in his accomplishments with Astrovault and Outbid. This represents a remarkable opportunity to align shared values and Atomic resources to catalyze deal flow through Outbid, unlocking the incredible potential of $ATOM.

In light of the challenges posed by those who undermined the chain’s reputation, Eric has emerged as a key figure in restoring trust and stability. His contributions underscore the importance of investing in this infrastructure.

Aloha Biotech fully supports Eric and will be committing our time and resources to procuring memorable deal flow. With a decentralized approach at the core of our vision, this strategy aligns perfectly with what we seek in a partner like Outbid.

Best,
Aloha Biotech

I have worked for these guys and found them dishonest. I really would not give them 1 dime (or Atom). I’m saying this non-anonymously, feel free to reach out for any questions.

The verbal agreement thing is also shady.

and @CuriousJ comments are also concerning.

sorry but no with veto, i dont see how this will bring value to the atom holders.
tokenomics are just mediocre and focused on the protocol itself

For context, yes, William runs Webisoft, a rent-a-dev company we had employed a long time ago to get Outbid built on Solana while our core team builds more in Cosmos.

The build doesn’t work and isn’t done professionally, and now we need to hire more in house to start over.

He wants money for work not rendered.

I argue that velocity and opportunity is value for a token, but understand.

Just curious, why would this be a ‘Veto’ rather than a ‘No’ for you?

My opinions are my own and do not reflect where I currently work.

Astrovault hired multiple developpers and multiple developpers had to quit due to toxic behaviors on astrovault side.

They then deleted every text from discord and telegram and ran away without paying the developpers.

I would avoid working with them.

is this a product focused on atom or is it only being redeployed without any changes?

that’s the key question

It’s meant to be unique for ATOM with a unique UI, brand, url, etc.