InterEarn: A Decentralized Bounty Platform for the Cosmos Ecosystem
Platform
InterEarn is our decentralized rewards platform built on the Cosmos ecosystem to foster growth and engagement. On InterEarn, users can discover, participate in, and earn rewards from tasks and challenges provided by Cosmos projects and ecosystem initiatives.
Tasks on the platform range from non-technical actions like creating content or executing a transaction on a protocol, to more advanced technical contributions such as code development or protocol testing. With this variety, InterEarn is accessible to users of all experience levels, positioning it as the foundation of the relationship between contributors and ecosystem projects.
The platform’s current MVP is live and available to explore [here]. This early version demonstrates the platform’s potential by allowing projects to post tasks and users to earn rewards for their contributions. While we have the MVP and early partnerships under discussion, additional development and funding are required to achieve greater integration and adoption.
To date, we have engaged in conversations with both the Cosmos team and various chains to explore integration opportunities. These successful discussions position InterEarn as a promising system to accelerate adoption within the Cosmos ecosystem.
Platform Vision and Ecosystem Impact
We started building InterEarn to address a critical gap in the Cosmos ecosystem: the need to incentivize participation and reward user contributions.
Our Vision: To create a trustless rewards mechanism that benefits ecosystem participants in several ways:
- Adoption: By creating tasks that promote user interaction, InterEarn drives meaningful engagement across Cosmos projects, leading to increased address activity, higher transaction volumes, and greater awareness of ecosystem initiatives.
- Open-Source Development: For more technical contributions, InterEarn incentivizes developers to collaborate on open-source projects, contributing to the health and growth of the ecosystem. Projects can reward technical tasks like bug fixes, feature development, or security reviews.
- Community Growth/Retention: InterEarn provides an avenue for ecosystem projects to reward community members directly. When they participate in tasks, users become more invested in the success of these projects, creating a mutually beneficial relationship.
- Decentralization: All interactions on InterEarn are logged on-chain, ensuring a transparent and verifiable rewards system. Users and projects can interact without relying on centralized intermediaries, aligning with Cosmos’ ethos of decentralization.
Proposal for Growth Funding
To scale InterEarn from MVP to a multichain platform, we are requesting $48,000 USD in ATOM for funding. These funds are needed to add features like automated task verification, dynamic reward mechanisms, and multichain support. We aim to expand partnerships and collaborate with Cosmos projects to onboard tasks and challenges, ensuring a diverse range of rewards. Additionally, we will focus on user adoption by executing marketing campaigns targeting both contributors and projects to drive traffic to the platform. The funds will also support our operations, covering costs for hosting and maintenance to ensure the platform remains functional and secure. The funds will be managed via a multisig wallet, with regular updates provided to the community for transparency and accountability.
Planned Enhancements
With the proposed funding, we will implement:
- Multichain Support: Extend support to other Tendermint-based networks for broader ecosystem growth.
- Rewards: Introduce tiered incentives, NFTs, and other customizable reward mechanisms.
- Analytics: Provide projects with insights into task performance, user engagement, and return on investment.
- Gamification: Add features such as leaderboards, badges, and achievement systems to incentivize sustained user engagement.
- Task Creation: Enable projects to create tasks targeting specific user demographics.
Ecosystem Impact: Proven Model
A similar rewards platform on Solana incentivized over 10,000 unique participants in its first year. These users contributed to tasks, and the platform distributed more than $5 million in rewards, increasing liquidity, engagement, and adoption of new projects in the ecosystem.
Key outcomes included:
- A 35% increase in active users for projects hosting bounties.
- Over 1,000 developers contributing to technical bounties, leading to faster protocol improvements.
- Content tasks generating 50 million+ impressions, helping projects gain traction.
These results demonstrate the potential for InterEarn to replicate and exceed this success, stimulating similar growth in the Cosmos ecosystem. Leveraging Cosmos’ expansive community, InterEarn is uniquely positioned to drive significant growth and visibility for projects within the ecosystem.
Roadmap
Short-Term Goals (3–6 Months)
- Refine MVP functionality based on early user feedback.
- Pilot integrations with 3–5 Cosmos projects to onboard initial tasks.
- Launch initial marketing campaigns targeting the Cosmos community.
Mid-Term Goals (6–12 Months)
- Expand platform compatibility to more Tendermint-based networks.
- Onboard at least 20 projects with active bounties.
- Develop and launch premium features such as detailed analytics dashboards for projects.
Long-Term Goals (12+ Months)
- Double the number of active users on the platform within the first year.
- Facilitate the completion of over 10,000 tasks by participants, driving engagement across projects.
- Maintain a minimum number of active projects each month.
- Onboard 1,000 contributors for technical tasks.
- Achieve a 25% year-over-year increase in impressions and content tasks.
Key Metrics for Success
We will measure the success of InterEarn through the following key performance indicators:
- Achieve 5,000 active users within the first six months post-funding.
- Facilitate 10,000 completed tasks within the first year.
- Onboard 50+ projects by the end of 2025.
- Maintain a 90% satisfaction rate in community feedback.
About the Team
InterEarn is built by a team of experienced developers and ecosystem advocates. Build3rs Labs is comprised of senior blockchain engineers with over three years of experience developing decentralized applications across the Ethereum Virtual Machine, Algorand Virtual Machine and the Cosmos ecosystem. Our Head of Marketing, Zachari, joined us after selling his marketing agency to develop strategies for user adoption and retention. Together, we have been granted by Nibiru Chain and Redlight Chain to build protocols on their network, and by Compound, Balancer, Velodrome, and Alchemix to build developer systems. We have been winners of all hackathons hosted in Q4 2024.
Our mission remains the same: to drive developer growth and reward users for active participation. We are committed to expanding the Cosmos ecosystem by creating an engaged community. Through InterEarn, we provide developers with opportunities to contribute and offer users the chance to earn meaningful rewards. We aim to accelerate the growth of Cosmos, ensuring it remains one of the most dynamic ecosystems in Web3.
Contact Information For more information or collaboration inquiries, reach out to us:
Zac: Telegram — @x0zach
Shay: Telegram — @SHAYSUL
Have a nice day! I am available if you have any questions regarding the proposal.