Experimental community fundraiser using a standard token and tokenizing real life rewards. After announcing the initial idea for ToG fundraiser and evaluating feedback, I reconsidered my approach that drinking beer is the rewarding experience itself. Finally, here is the improved version with more rewards for supporters that hopefully make more sense + a little twist.

TL;DR

ERC20 token for a small cap community fundraiser;

If not raised enough or raised too much, the money goes to charity;

500 tokens redeemable for a beer, devhub entry, conference discount;

One Golden Ticket draw for any contribution (long term reward).

visit: tog.blockchainforthepeople.com

Frank Meadow Sutcliffe — Beaching the Gratitude (1890)

Intro:

With this project I want to take the ICO model and use it to create something slightly more positive then just ROI measured in money. Thus, I’m not, by any means, promising a great investment with huge financial return. What I’m rather promising is a chance to support an effort from which you can either benefit yourself or, if you decide not to, pass/sell that benefit to someone else who will.

What is the fundraiser for?

Short: Community developer hub, academic conference and charity.

There are three goals of this fundraiser:

1st goal: 10000$

To start and run a blockchain developer hub in Prague for a year at least

2nd goal: 25000$

To organize an academic conference for blockchain related papers in 2018

Charity goal

Whatever is raised above or bellow the goals will be donated to charity (hopefully Doctors without borders) — Please, check the contract. This means that even if the 1st goal isn’t met, all the ether goes to charity. (NOTE: I’m in touch with MSF trying to figure out a best way to do that so it doesn’t hurt their accounting or violate any law)

Additional expenses for the goal 1 and 2 will be paid by me or other sponsors.

Token description:

The Token of Gratitude is a standard ERC20 token with following specs:

Name: Token of Gratitude

Symbol: ToG

Total supply: 500

Decimals: 0

What is a ToG good for?

The value of ToG rises together with the money raised as the stretch goals get reached. Each stretch goal extends rewards for ToG owners.

People who redeem their token will get the following :

a drink (I’ll invite you for a beer, coffee,…) &...

(I’ll invite you for a beer, coffee,…) &... free hub entry for 1 year (if 1st goal 1 is reached) &…

for 1 year (if 1st goal 1 is reached) &… entry discount for the 2018 conference (if 2nd goal is reached) &…

for the 2018 conference (if 2nd goal is reached) &… great feeling forever after (gets better with every wei raised!)

And that’s not all. Only people sending enough ether will get ToGs but EVERY single participant will be able to win a Golden Ticket.

Token price

The token price increases after every 100 sold tokens. You can get as many tokens as you like.

Anything below or above the price will be considered a donation. However, anything you contribute, you will get you in the Golden Ticket draw.

Golden Ticket — Draw

GT is similar to ToG but it’s even more awesome. It doesn’t cost you anything special, the winner will be randomly selected from all contributors.

Once you use it, you will get:

lunch/dinner invitation

invitation free hub entry as long as I’m running it (if 1st goal is reached)

as long as I’m running it (if 1st goal is reached) free conference entry (if 2nd goal is reached)

There is only one single Golden Ticket for the whole fundraiser. It’s assigned randomly upon the fundraiser finalization. It doesn’t act as a ERC20 token, but its ownership is transferable.

Where to use the tokens?

The drink invitations will happen primarily in Prague (I hope you will have more reasons to come over with the new hub and the conference to visit!). However the drinks will be redeemable also during special occasions (like DEVCON3).

When will it start?

As soon as I get an Ethereum address from the charity/MSF.

Want to know more?

Check the github repo or leave a comment!

Block-stack used in bullet points:

ERC20 token standard implementation by Open Zeppelin

Oraclize service for the exchange rate and random number query

Embark framework for the UI, Metamask as main RPC handler

Parity node

Thanks everyone!