Create and integrate $opportunity currency

[gregv]

Slack Channel: #ohack-dev-create-opportunity-currency

Tell us you want to help by logging in and clicking "I want to help" here

RFC: https://docs.google.com/document/d/1TF3zQNscECRGgZQVcB_B3ck26Rs68RL1hazwSuDNwoU/edit?usp=drivesdk

Implement $OPP (Opportunity Currency) System for Hackathon Rewards

Problem Statement

Our current cash-based incentive system for hackathons has limitations:

• Prize money is difficult to acquire ($10,000 for 100 participants)
• We can't reward all participants for their efforts
• Extrinsic rewards (like money) may be less motivating long-term
• We want to recognize various forms of volunteering beyond hackathons

Proposed Solution: $OPP (Opportunity Currency)

Implement a blockchain-based currency system called $OPP to:

1. Reward hackathon participants and volunteers
2. Partner with other nonprofits for a global volunteer reward system
3. Allow corporate sponsorship and donations based on $OPP accumulation
4. Provide an alternative to cash prizes

Requirements

• Research and select an appropriate blockchain network (e.g., Solana, BNB, Ethereum)
• Create $OPP token with 1 billion total supply, valued at $0.01 USD per token
• Implement token distribution system (75% reserved, 25% for market liquidity)
• Develop ohack.dev integration for $OPP transactions
• Create user profile features to display and manage $OPP balance

Tasks

1. Blockchain Research and Token Creation (9 hours)

   • Compare blockchain networks for stability, transaction speed, and fees (3 hours)
   • Create test $OPP token on selected network (4 hours)
   • Research liquidity mechanisms and costs (2 hours)

2. ohack.dev Integration (60 hours)

   • Implement admin functionality for sending $OPP (20 hours)
   • Develop user interface for receiving and managing $OPP (20 hours)
   • Create notification system for $OPP transactions (10 hours)
   • Implement public profile $OPP display with privacy controls (10 hours)

3. Backend Development (20 hours)

   • Create Python API for $OPP transactions (10 hours)
   • Implement secure key management for transactions (5 hours)
   • Develop integration with existing blockchain wallets (e.g., MetaMask) (5 hours)

4. Testing and Documentation (10 hours)

   • Conduct thorough testing of $OPP system (6 hours)
   • Create user and admin documentation (4 hours)

5. Optional: Social Features (10 hours)

   • Implement social feed for $OPP achievements (6 hours)
   • Develop sharing functionality for $OPP milestones (4 hours)

Acceptance Criteria

• $OPP token successfully created on chosen blockchain
• ohack.dev admins can send $OPP to users with attached memos
• Users can view and manage their $OPP balance on their profile
• Transactions are secure and can be verified on the blockchain
• System is scalable to accommodate future partnerships and features

Resources

• Solana Token Creation Guide
• Ethereum Token Creation
• Liquidity Pool Basics

Notes

• Consider using a test network for initial development to minimize costs
• Explore partnerships with existing blockchain projects for potential collaboration
• Research legal and regulatory considerations for implementing a custom currency system

[gregv]

An official RFC with more detail has been written here this allows anyone to make comments that will help improve the quality and allow for diverse perspectives to contribute!