B2E Proposal - DeStore Network

Governance dApp Staking Applications
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Hi DrCAO,

Great feedback, thank you!

500,000 was a typo; it has been changed to 50K. Sorry for the error. :sweat_smile:

You may want to read the reply to Disruptor, as it touches on similar questions.
50K equals $3,500 at the current price of ASTR (0.07). This is around $9 a month, so over 6 months (if all things were equal), $54. This will have to be our minimum, as we estimate it to take around 1 hour in admin work for each staker for us to allocate shares.

The airdrop will not be for the stakers; rather, it will be for the people who first download DeAR. The idea is that if they own coins, then they can watch them rise and therefore be incentivized to learn more about the tech.

I hope that answers your question if not let me know :star_struck:

Josiah Kotzur
DeStore Founder and CEO

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23

It’s a good proposal! I support this proposal.
The partnership with e-LogiT is particularly great. Since e-LogiT is a listed company in Japan, it will increase the credibility of the service and make it easier to acquire users.
As I live in Japan, I am looking forward to using DeStore’s services as soon as you officially launch. I also believe I can contribute to the promotion as part of the Astar Japan community, so please feel free to reach out to me when the time comes!

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24

Thanks bao!

Once we have our DeAR MVP ready we ill start to take on web 3 curious brands. I’m based in Australia (8hours flight away) and expect to be be in and out of Japan this year while we setup a team there. I would love your support as the only point we have at the moment is language and cultural, I plan to remove these by growing a local community and building a team there.

are you in Tokyo? I expect ill be back in the next few months and it would be good to catch up over some ramen :ramen:

Josiah Kotzur
DeStore Founder and CEO

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25

Hi BloomBLB,

Most of this is covered in the full proposal which can be found on the bottom of the post.

However, We did not cover competitors. We are forcing on substrate chains so within Polkadot that we have no competitors.

ShopX and Boston protocol could be considered competitors on ETH however the have pivoted a lot and in my eyes bent the knee to web2 commerce and becoming more of a rewards system.

In Japan ands in Australia there is none that we know of, our approach is different as we use Hybrid Asset which is something we created and I have not seen this anywhere else.

I hope that answers you questions

Josiah Kotzur

DeStore Founder and CEO

1 Like
26

Thank you for the proposal.

I have reviewed the proposal document.
However, I still have a limited understanding of your project.
Could you please provide more information about DeStore/DeAR and explain for whom this solution is intended and what problems it aims to address?

Regarding RWA, I anticipate it to be an accelerating field, especially next year. Not only within my company, but I have also noticed a growing interest in RWA in Japan, with expectations for compatibility with web3 and blockchain.

I would appreciate it if you could share more specific use cases (even hypothetical ones would be fine)."

By the way, I actually received your physical card when I held an Astar Network event in Japan, and I still have it.

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27

Definitely! These use cases are very interesting to see an appropriate use of blockchain :+1: I will wait for the updates :smile:

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28

Hi Dustin and Josiah,

Glad to read your proposal and your strategy. I’m not questioning your current strategy, but what about after this phase? Will you expand to other countries as well? Since it’s kinda rare seeing a marketplace like this. And is there any specific requirements how to be a seller in your platform? (Other than having a web3 wallet, etc)

PS : Need to re-read again your lightpaper though.

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29

Hi tksarah,

Please feel free to take a look at the links below:

SOAP - Link
Lightpaper (draft) - Link

We use NFT technology for product settlement.

What we call a “Hybrid Asset” is a blend of RWA linked to multiple digital assets that come together to become a Static Digital Twin (NFT) - our solution has been designed to be general so it can be applied to many products.

Check out this product and see how its Digital Twin has many digital assets attached to it - Link

In web2, money and data run on 2 separate rails, but in web 3, many builders are carrying web2 logic into web 3; let me explain: builders seek to use Crypto to settle payment for RWAs due to its automation, speed, and low cost for international settlement. However, this results in many inefficiencies; not only is all the product’s data left on the web2 website, but the seller also needs to rely on 3rd party accounting systems and enter the sales information into the web2 accounting systems then need to track crypto payments and connect inventory sales to bank transactions. By putting all product-based data as a Digital Twin, it allows for all transactional settlement to be known, as well as it acts as a digital receipt or Proof of purchase.

Please take a look at our DeAR mockup; this is done for ramen (This was done for our Key3 Hackathon submission). In this mock, we only fetch the image, but if we were in a metaverse, we would fetch the 3D file for virtual shopping.

image 175
image 175430×932 228 KB

Key3D wallet sold ramen
Key3D wallet sold ramen428×1007 406 KB

Because product info and settlement are one, the buyer knows what they purchased, at what price, and who they purchased it from.

We are not targeting consumable products at the moment; however, this shows you how our solution is much more efficient than just having -10k JPY deducted from a wallet and not knowing what you purchased.

The storeholder gets live data on the profitability of his store, as well he can fractionize the income from each sale.

The buyer knows what he purchased, when, and from where.

The product can be used IRL, AR, and VR giving the product 3 dimensions of value, as it now can be sold in the metaverse, used in social platforms, and purchased IRL.

I hope this answers your questions, please feel free to ask more, if it is not 100% clear.

Best Regards
Josiah Kotzur

DeStore Founder and CEO

2 Likes
30

Hi Souleater,

Great questions!

I would love to have a firm plan; however, to be successful as a startup, our biggest strengths will be to be agile. We will make the decisions we can to ensure growth and expansion.

Because we have 2 products, DeStore and DeAR, they have separate characteristics. So let me answer your questions for each product separately:

DeStore

As a buyer on DeStore, you will be able to purchase products from anywhere in the world. However, to refine this will take time. DeStore will only be interesting to web3 native people, as I don’t imagine someone with “no crypto experience” will do KYC, send coins to a web3 wallet just to buy a product. So in the first 2 years, we do not expect DeStore to get a significant volume. However, in the bull market, we could see some crazy things. DeStore will be optimized and adjusted accordingly.

Hypothetically: If we were to do a funding round in the next 6-12 months and raise around $5-10 million USD, that would allow us to scale faster. If we are successful in this B2E proposal, raise 100M Staked ASRT, and can release a product in Japan, we can then get enterprises to sign MoUs. This is quite possible, but sadly it’s not something I can guarantee.

DeAR

DeAR has been designed to be lighter, faster-moving, and more fun than the DeStore Marketplace.

DeAR will go along with the DTCCs so that we can deliver product-specific Digital Twin Air Drops. This means we can actually target any country and any web3-curious brand. DeAR will be marketed to all web2 ecommerce sales channels; it will be international.

We cannot spread ourselves too thin, so we will focus and build a strong team in Japan, leveraging Astar’s connections to enterprises and support them entering web3 with our solution.

Our limitations with DeAR will be skilled consultants and salespeople to support the onboarding of brands.

Best Regards
Josiah Kotzur

DeStore Founder and CEO

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31

I am familiar with you from our Discord server. ASTAR is a good choice for e-commerce.

The collaboration with e-LogiT and participation in the Sony & Astar Incubation Programme adds credibility to the proposal.

The expertise of the team is emphasised, but we would like to see more specific details about the backgrounds and roles of team members.

You have outlined community growth strategies, but more detail on marketing plans would be good.

Who are the competitors of the project?

The commitment to building a strong community is in line with the decentralised nature of Web 3 projects. There are not many community members with an interest in this field in Astar, where will you find them? Will you attract members from other ecosystems with an interest in e-commerce to our ecosystem? If so, what do you plan to do?

I am very positive about you, after I get answers to these small questions in my mind, I will probably support you 100%.

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32

Hello DeStore team,

I have just one question. In your proposal, you state:

Please Note that DeStore is a Startup and is using the Astar Build to earn proposals to continue to build. We need to achieve a minimum of 100M staked ASTR to deliver what is listed in this proposal

Hypothetically, if you are listed in the dApp Staking but don’t reach 100M staked ASTR, what will happen to DeStore but also to your stakers and what has been promised? Do you have a backup plan?

Thank you

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Hello Josiah,

Thank you for the detailed and thoughtful explanation! I now understand what you are trying to achieve. Your solution seems to embody the essence of web3, and in the evolving landscape where people are transforming living spaces across various dimensions like IRL, AR, VR, and xR, I anticipate heightened expectations for the potential of your solution. I’m eager to see such a future materialize soon.

While it may not be directly related to your solution, something came to mind as I was listening to the explanation. This is a matter of personal interest. It’s about ERC-6551 (Token Bound Accounts). Do you use ERC-6551 in your solution? It might be a good fit, enhancing compatibility with your solution.

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Quite happy with the proposal and reading the comments, all my doubts for the moment have been solved. I wish you success, DeStore team!

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35

Hi @MrKarahanli-Emre,

I’m really loving these questions. Thanks for taking the time to read our content and write the questions! :blush:

I wrote a response earlier regarding competitors; I’ll copy it here for easy reference:

We are focusing on substrate chains, so within Polkadot, we have no competitors.

ShopX and Boston Protocol could be considered competitors on ETH; however, they have pivoted a lot and, in my eyes, bent the knee to web2 commerce, becoming more of a rewards system.

In Japan and in Australia, there is none that we know of. Our approach is different as we use Hybrid Asset, which is something we created and I have not seen this anywhere else.

Regarding marketing:

@DustinLee is our Marketing Manager and is busy building a strategy on how we communicate our brand to everyone.

However, we have a basic logic for our marketing strategy:

  1. Build a Quality product.
  2. Network effect - Top-down, bottom-up approach

We will rely on the network effect by bringing our solution of hybrid merchandise to Web 3 Brands. We will, by default, inherit the community of that brand.

Hypothetically speaking, if we were to partner with Astar Degen’s and roll out a range of Hybrid products that the digital twin was equitable in Cosmize, then we, by default, would gain direct exposure to those community bases with minimal marketing. Ast the brand holders (Astar Degens and Cosmize) would market their product via their existing community channels.

Our product is very cool, and that, in essence, will generate interest from brands.

Regarding Web 2 Brands, by providing our solution to e-Logit, we will also empower them and inherit their customer base.

We are the first mover in the Polkadot ecosystem and have designed our Platform to scale across all substrate-based chains. We can be on a new chain in 2 days.

Team:

I will update the Proposal Doc with LinkedIn Links.

The commitment to building a strong community:

On a personal level, I started building DeStore because I wanted to be self-sovereign and own my wealth. That being said, I want others to do the same, and I am building DeStore so that it can be a place where people can generate income.

I have not gone into detail on this as it is still under development, but there are thousands of Web 2 brands that want to enter Web 3 and will pay consulting fees because they have no experience. We are working on an ambassador program that will allow passionate people to become Web 3 consultants, of which they will earn consulting fees. This will be a solution that will allow us to scale.

Josiah Kotzur

DeStore Founder and CEO

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36

Here’s the revised text with corrected spelling:

@Gaius_sama,

There are many funding options in the Polkadot ecosystem.

Please note that DeStore is a startup and is using the Astar Build to earn proposals to continue to build. We need to achieve a minimum of 100M staked ASTR to deliver what is listed in this proposal.

I made the start of the proposal because I want to be clear on expectations and timelines as we have not done a funding round. We are not in a position where we have $ZYX Million in backing and using dApp Staking to line our pockets with ASTR.

We are here and building, and not going away. We are here building because we believe in the ecosystem and our product.

As a startup, it is a chicken or egg game. Without the chicken, there is no egg, and with no egg, there is no chicken.

If I say next year we will have a chicken but I don’t have an egg today, then I would be setting myself up for failure. However, if we pool our coins together and buy an egg, then next year we can have a chicken.

Regardless of our success or not in dApp Staking, there is a 1-2% allocation for those who support us in dApp staking. Those who support us will be early-stage stakeholders from their early-stage belief and have a share in the chicken pie :pie: :chicken:.

Josiah Kotzur

DeStore Founder and CEO

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Thank you for you time considering our content @Juminstock

I will do my best to add to the information bases on these comments into the proposal so it can be easily read when it goes live.

Josiah Kotzur

DeStore Founder and CEO

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38

That would be great, a great way to keep the information in the initial proposal. success team!

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@tksarah

To be honest we have been so focused in our platform an refining our product market fit I haven’t fully considered ERC-6551. We are using our own version of RMRK1.0 at the moment. Once we have a firm understanding of our product market fit we will adopt a standard that suits our specific use case best. We may also build our own but it will be easier to build a Digital Twin (DTs) minting logic that can be applied to all standards.

We will not provide a solution for secondary sales so using ERC-6551 is a high possibility for DeStore.

In phase 1 of DeAR we will be airdropping the DTs so the will be more like digital collectables rather the receipts so it will no matter as much.

Josiah Kotzur

DeStore Founder and CEO

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@Doinglifewell

Awesome!
Because of the rapid technological innovation of web3, it may be difficult for products to stay aligned. But I am impressed that you guys have a good eye for technology.

I will continue to keep an eye on your products!
Thank you so much!

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It’s nice that you like my questions and answer them in detail. I’m rooting for you!

Please do not hesitate to ask me for help if you need any adjustments to your counselling-based ambassador programme.

I wish you a sustainable existence in the Astar ecosystem!!!

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