Hamza Proving Ground

A proving/testing ground for web3 R&D.

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1. Tokenomics

• Speculative token vs. Redemption token: we can do both, and the speculative token should be burnable
• Redemption token should be primary & subject of first effort
• Both will be featured in the whitepaper

Redemptive (gold):

• gives right to redeem a proportion (which increases over a vesting period up to 100%) of the treasury
• can be burned for a proportion of treasury
• can be purchased or awarded
• can serve as seller stake
• gives governance votes

Speculative (gas):

• gives no right to redeem anything
• can be burned on usage/actions in the ecosystem
• can be purchased or awarded
• can serve as seller stake
• may or may not give governance votes

2. Web3 Issues

Account Abstracted Wallet

• requires R&D
• gasless transactions
• one-click buy
• account locking & recovery
• account permissions
• integration with credit cards

Orders

• requires R&D
• address privacy (can be done in short term)
• what-you-ordered privacy (ZK) -- verify that user bought a thing, for the purpose of reviews -- verify that a user bought from a set of things, for the purpose of legal compliance

Products

• requires R&D

Yield Generation

• requires R&D
• breadchain?

Choice of Chains

• requires R&D

3. Governance Structure

Just an example, of a hybrid structure that incorporates both hats and governance votes granted by token:

While we agreed in principle, things to be fleshed out:

• actual physical structure (above is just an example)
• specifics about the hybrid interaction of governance votes and hats

4. Whitepaper

• We agreed that the first efforts in web3 should be to support the whitepaper
  • The whitepaper will be a jumping off point for more concrete web3 development
  • The whitepaper has value in itself for the purpose of communicating to investors