Month 1 Update
JETRO Delegation Update
Metadomo was selected by the Japanese governmental organization JETRO (more about JETRO below) as 1 of 6 innovative Irish startups for an invitation-only ‘mission’ to Japan, which we completed last week and was very successful for us.
“JETRO, or the Japan External Trade Organization, is a government-related organization that works to promote mutual trade and investment between Japan and the rest of the world. Originally established in 1958 to promote Japanese exports abroad, JETRO’s core focus in the 21st century has shifted toward promoting foreign direct investment into Japan and helping small to medium size Japanese firms maximize their global export potential”
JETRO organized VIP events and helped arrange meetings with key stakeholders we target, both in Tokyo and Fukuoka, the southern prefecture designated as the Web3 hub of Japan.
Highlights include:
- Presentation and reception with Japanese business VIPs and dignitaries at the Irish Ambassador to Japan’s residence
- Meetings Japanese government officials
- Business development meetings with key targets (clients, partners, investors)
- Japan major railway operators
- Transport, retail, and real estate conglomerate
- Asian loyalty point provider
- Regional shopping and entertainment complex operators
- Electronic ticket technology companies
- Top 3 telcos
- VCs and conglomerate investment divisions
All meetings were positive with expressed interest, including major conglomerates, excellent for product validation. Since Metadomo has a ‘web3 under the hood’ approach, rather than forcing users to get wallets, change their existing systems, etc, many parties were open to collaboration with Metadomo as a gateway to Web3.
It is important to note, that the user bases of any one of these conglomerates, LPPs, shopping complex operators bring rivals monthly active user bases of established crypto companies such as Kucoin, blockchain.info, etc. We believe Web3 mass adoption is easier through activating these channels, rather than crypto education.
Team is currently focusing on follow up with the enterprises and commencing our fundraising efforts, which is our primary focus at the moment.
KYH (Know You’re Human)
We have added a new functionality planned for MetaLoyalty Profiles, which aims to help companies differentiate between AI bots and real humans without asking users for KYC or biometric data. Recently this narrative has been popularized by projects such as WorldCoin, and Metadomo can do it better as we have POS level integrations.
Whitepaper excerpt:
Proof of Personhood can be inferred from continuous data collected and accumulated in MetaLoyalty Profile. The collected data, particularly POS terminal redemption data at physical stores, is difficult for AI bots to emulate. We call this system KYH.
Drawing KYH personhood proofs from loyalty and purchase data provides the following advantages:
Non-invasive proof method
- Other identity based projects such as WorldCoin use biometric data (iris scans) to create personhood proofs, creating a public perception of dystopian invasion of personal privacy, no matter how secure and open source the underlying technology may be.
Continuous Proofs
- Loyalty and purchase transactions happen continuously and build value to the accumulated data, whereas proof relying on biometric data is static and not usable in any other way than to prove personhood.
Receptivity
- Sharing transactional data is commonplace, as in internet cookies for advertising, in surveys and more. Thus using this data for KYH identity proofs should not pose resistance or a mental barrier.
By connecting their Web3 Wallet which contains the soulbound MetaLoyalty NFT, users can verify their humanity to service providers.
Rewards Station Beta
Rewards Station is currently near completion of UI and system overhaul based on feedback and will begin testing before showcasing and opening to clients. We have interested parties sourced from attendance at Astar events in Tokyo, JETRO delegation, as well as overseas gaming clients.
We will be sharing screenshots very soon, with potentially an open campaign (for HK/Japan residents) in the near future.
Notes from Huy, leading tech:
"We are living on the edge! Our web services are rendered using SSR (Server Side Render) - on a server close to the user. It is backed by an API, written in Rust, which is memory safe and super fast.
We’ve built a nice dashboard to make managing users, rewards, coupons,and… just about everything… so easy!
We’ve built our own NFT gating service, which allows us to support Astar fully.
Such SQL, much relations, great quality! (We’ve updated our code to support PoH - allowing humans to provide proof that they did the work, for points to be awarded, and points to be spent to buy real work rewards. Because of this complex relationship between Metadomo, clubs, users and merchants, we had to write some crazy event triggers & workers directly in PostgreSQL. The end result is a database layer with amazing speed, super resiliency and highly reactive).
Next up is to polish Reward Station - it is already super fast but needs a bit of a paint job. Expect beautiful things in the next update!"
Community Strategy
Socials Upcoming Twitter AMA
We are planning to host an AMA with Astar in the near future once Rewards Station is live. The previously mentioned parties would like to see a live demo, so we will do this by opening a Metadomo Club within Rewards Station with live campaigns with Japanese voucher rewards during the AMA.
Staking Offering
We are planning to offer $DOMO via Initial Staking Public Offering (ISPO) for dapp stakers, triggering on reaching certain tier levels of dApp staking v3.
In our plan, dApp stakers will enjoy a share of $DOMO token distribution based on the amount and duration of $ASTR staked, with current stakers being grandfathered into the program.
More details to come after legal review.
Community Contributor Token Percentage
We are considering taking a portion of the token distribution from the advisory pool and allocating it to early community contributors, particularly those who can help in these areas:
- KOLs/influencers (Astar ecosystem focused, English or Japanese audiences)
- BD agent for Rewards Station, client sourcing
- UX/UI, development
If you believe you can add value to Metadomo and would like to take advantage of this program, please reach out in our Telegram group