Get $BRIGHT added to tip.cc
An accurate and detailed description of what you are proposing
I propose that we get $BRIGHT added to the Tip.cc bot so that we can use it in the Discord to distribute tips using our community token.
Detailed rationale for why this proposal exists and should matter to BRIGHT holders and/or BrightDAO community
Tip.cc is a fairly common Discord bot amongst crypto servers. It allows users to tip each other directly or to create time-sensitive drops for multiple users to share a pool of tokens sponsored by the creator. It acts as a custodial wallet for users while the tokens are “on Discord”, and this wallet is accessible through DM as well as in any server that the bot has been added to. This means that the same wallet is used across all servers, i.e. a tip you receive on server A will be added to the same wallet as a tip from server B. The bot also has a withdraw option that allows users to send their tokens to a wallet they control. In this case, $BRIGHT tokens will be able to be withdrawn to xDai network, which will incur minimal transaction fees (conveniently paid in $BRIGHT).
I think this would be a cool addition to the Discord because we can use it to tip and incentivize people for several things such as: helping out other community members, engaging in meaningful conversation, bringing up actionable ideas, creating dank memes, or otherwise being awesome. We can use it to facilitate little events like a trivia night or other games. I think it will also give some added exposure to the $BRIGHT token because it can be used to tip people in other Discord servers.
Expected duration or delivery date (if applicable):
How long do you think it will take to deliver on your proposal
Once funded getting $BRIGHT onto Tip.cc should take less than 7 days.
Team Information ( For Funding Proposals )
Names, usernames, and/or relevant social links for team members (Twitter, Github, BrigthDAO Forum, etc.):
I would be the main contact person for this proposal. Some of you may recognize me from the Community Calls, 1Hive, or RabbitHole.
Skills and previous experience in related or similar work:
What are some of your skills or related experience that might help inform BRIGHT holders about your ability to execute on your proposal
I’ve been a long-time member of the community and have worked to help strengthen and grow it. In this case, there are no specific relevant skills required to implement this. I will be coordinating with the Tip.cc team in order to get $BRIGHT listed in the bot.
Funding Information ( For Funding Proposals )
Amount of BRIGHT requested:
I am requesting the equivalent of $1650 USD in $BRIGHT
Ethereum address where funds shall be transferred:
More detailed description of how funds will be handled and used:
The fee to get $BRIGHT added to Tip.cc is $1000 USD and needs to be paid either on Mainnet or BSC (). I would receive the $BRIGHT to the wallet provided and need to liquidate it for either USDC or USDT then bridge it to BSC (because it will be cheaper…not cuz I like it) and then make the payment to the Tip.cc team.
Once $BRIGHT has been added I will send the equivalent of $500 worth to myself on Discord to test out that everything is working as expected. I will then use the bot to tip folks in the Discord as an example of how the bot works. I plan to give out the entire $500 worth over the course of 1 week. I arbitrarily chose this $500 amount, and I am open to discussion on whether the community thinks this should be higher, lower, or removed altogether.
The remaining $150 would go to me in compensation for my time coordinating this.
I have valued the amount requested in USD for this proposal because the tip.cc team requires payment in USD stable coins, so I will use the option in the proposal creation interface to request funds based on a stable coin (WXDAI). This will use the price oracle to get the average price of $BRIGHT over the course of 24 hours to calculate how much $BRIGHT is taken from the common pool when the proposal gets enacted.
NOTE at current liquidity levels selling $1000 worth of $BRIGHT on Honeyswap would drop the price by less than 1% which I think is acceptable, but I would be interested to arrange an OTC trade with another member of the community if anyone wanted to help us avoid impacting the price at all.