Youtube contest implementation detail

[kevingzhang]

Gist

Youtube contest is planned for epoch 3.0. It will be the main way to get a higher income than just purely tea mining. The basic rules are:

• Sudo will deploy 3 (this number is subject to change) TApps. EVery TApp is a youtube video.
• Sudo is a big boss, he is tons of money to spend on those 3 youtube video TApps. He pays one T for each view using the "consume" function daily. For example, if video A was 100 views yesterday but 180 views today(in 24hours), he will consume 80 Coffee in video A's TApp.
• Everyone who join this game can invest in these video TApps. This investment is bonding curve investment. If you think the video may get higher views, or you are a social influencer and has power to pump this video, you can invest this video. You invest in TEA and receive this TApps' token.
• Based on the nature of bonding curve, the earlier you invest, the lower the price. When a lot of investors are all believe this video will be the most profitable video, the total supply would be high and the price is high too. You probably need to find other cheaper video TApps to invest
• Every day, the sudo consume the TApp using COFFEE will make every investor richer. You can sell the TApp token anytime.

Implementation

Sudo as a NPC(None playing character) owns many seeds that can sell to make money T. But he will only use the T to consume on video TApps.

The bonding curve TApps has "buy", "sell", "consume", and "expense" function. The expense will be used in future epoch. We probably do not have enough time to implement host revenue in our next epoch. we will see.

Only Sudo can create video TApps. others are not allowed in next epoch.

Sudo create 3 video TApps, and pay COFFEE as consume every day based on the view numbers on youtube.

Everyone who has T can invest to those 3 TApps. If they invest, they would hope more people will invest too, also use their own social influence to pump the views by sharing youtube link to other social media.

The asset valuation is calculated based on how many TApp token you own multiple the current token price. So there is a market cap more than actually pool value. The market cap is how your asset evaluated in the leader board. So it is very important to make smart investment.

[kevingzhang]

based on yesterday discussion.

Implement a standalone webapp. deploy to any IP address. the URL take youtube video ID as parameters.
In the web page, show the embed youtube video.
If sudo (DAO) is using it, show an consume button. click to input number of T to pay. This is operated by sudo (dao) by new added views.
all users, show a table of the history of expense. columns:

• block number
• total views this is calculated by: starting at 0, when boss tips, increase the same number as tips.
• boss tips in T

below the table, shows some KPI:

• token total supply
• current buy price
• current sell price
• you own in token this is the token the current user owns

This simplified Hello World TApp doesn't have an expense function. do not pay host fee.
In the next epoch, we will add host fee and expense feature

[kevingzhang]

based on our discussion today. We will use increasing rate to award the winner every day.
So we will have fixed T award every day. The big boss will check all youtube, type in the views at that moment. After a calculation, the one has the biggest increase will win the T for that day.