1. Brief description

dotafair is a Fair Launch platform, and a parachain where users and new development teams build strong trust relationships, and where all profits from the dotafair launch go directly to the community, and also a portion of the profits will go directly into the Polkadot treasury, can drive user growth and capital expansion for the Polkadot ecosystem. Additionally, it can help more new parachain technology teams enter the Polkadot ecosystem at a lower Coretime cost, promoting the widespread adoption of Polkadot technology. The activity of dotafair will bring more funds to the Polkadot treasury without causing a loss of users from the Polkadot relay chain or JAM, as they focus on different areas. On the contrary, it will attract more users and liquidity to the Polkadot ecosystem. This impact is entirely positive.

In the future, it can also serve as a discovery platform for new projects in the Polkadot ecosystem. Help users learn more about outstanding projects in the Polkadot ecosystem, and also help those outstanding technical teams to be known to more people and gain support.

The decentralization of the Dota community ensures that future fee revenues from dotafair can be more effectively used for the development of the Polkadot ecosystem. This is a long-term value proposition, not a short-term hype.

2. Background

The prosperity of an ecosystem requires the boost of MEMEs. Polkadot needs a simpler and more fair platform for launching MEME tokens.

Polkadot's unique technology has created significant barriers for new users and high development costs for new tech teams. This has led to a rapid departure of many users and developers. There is a need for a highly profitable platform to provide financial support. Additionally, a platform is needed that enables developers and users to discover each other and mutually benefit.

In recent months, the funds in the Polkadot treasury have been heavily applied for. According to our research, at this rate, the treasury's income will face depletion in about a year. Treasury funds are a vital source for community development, and without them, community growth will be significantly impacted.

pump.fun is a Launchpad on Solana. Currently, many assets are launched there daily, attracting a large number of users and new tech teams to Solana. It has demonstrated impressive profitability, generating nearly $5 million in revenue each month.

In the Polkadot ecosystem, an increasing number of teams and developers recognize the importance of attracting users, new development teams, and capital. Consequently, initiatives such as MEME tokens like DED and PINK have emerged to draw in new users, tanssi has been introduced to reduce the deployment costs for new development teams, and alternative solutions to slot auctions like Coretime have been developed, along with the release of the JAM graypaper. The dota community will attract users in its unique way, lower the barriers for user adoption, and help development teams launch on the mainnet at a lower cost.

Fair Launch is a high-frequency transaction activity that will occupy a significant portion of chain block space. It is necessary to create a new parachain for this purpose. This will not negatively impact any existing parachains or relay chain, as their focus areas differ. And it will not affect the revenue of validators on the Polkadot relay chain. On the contrary, by bringing in new users, it will increase transaction fees. On the contrary, it will bring them more users and liquidity.

In the Polkadot relay chain, the previous dota inscription minting event demonstrated remarkable new user growth and treasury revenue generation. This highlights the benefits that a Fair Launch can bring to the ecosystem.

Dota’s previous Fair Launch brought 262,603 ​​DOT to the relay chain treasury. In this upgrade, we encountered unprecedented financial difficulties because we are self-organized community developers from the community without any VC and additional funding for the project. The proceeds are used to support the development of dota with love. Our entire Dota community would love to receive a small portion of this to support the advancement of new goals.

3. Dota Community Developers

Dota does not have a centralized team. Under the Fair Launch, there is no pre-mining and no VC funding, so it cannot support the development costs of a centralized team. Currently, the development work is supported by community enthusiasts, with around 10 long-term developers. Of course, more and more developers are willing to join. If Dota can receive short-term support from the Polkadot community, it will achieve great success.

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Detail

1. What DOTA has brought to the Polkadot Relay Chain?

In Dota's past inscription minting events, we witnessed an efficient way of consuming on-chain funds. During the three-day event, it consumed a remarkable 328,254 DOT from all ordinary users and generated revenue of 262,603 DOT for the Polkadot Relay Chain treasury, attracting over 20,000 new users. Dota has sparked the hottest discussions in the Polkadot ecosystem. Even though Dota inscriptions have stopped running on the Polkadot relay chain, Fair Launch has still given us new perspectives. Overall, in terms of attracting users and increasing liquidity, it has been a relatively successful social experiment.

2. What dotafair aims to accomplish?

Over the past six months, Dota has been advancing amidst challenges, exploring how to create greater value in the Polkadot ecosystem. How can we help the Polkadot ecosystem? We have already completed partial development work on a launchpad based on inscriptions and established a new technical team. Dota needs treasury funding for development to proceed rapidly and efficiently, adapting to new industry demands. Dota's past achievements have stemmed from the Fair Launch model, and we have also witnessed the success of other launchpads in the ecosystem, especially Pump.fun on Solana, which generated $5 million in revenue in a month. Next, Dota will leverage its decentralized advantages to create a Fair Launch parachain for inscriptions and memes, with DOT as the chain transaction fee.

3. What dotafair will bring to the Polkadot ecosystem?

New users and incremental capital are unquestionable, as proven in other ecosystems. Let's talk about something different—how will Dota serve new users and new development teams in the Polkadot ecosystem?

Dota originated from fair minting, without the resistance and burden brought by VCs, making it ideal for a public parallel chain. We have seen many examples where VC capital influences team decisions, and even in terms of returns, they cannot prioritize community interests but compromise more towards investors. Dota's launchpad will be a completely different model and platform. The proceeds from the launch will form a huge DOT fund pool in the future, with the community, not the development team, deciding its use.

The Polkadot ecosystem has a high barrier to entry for new users due to the complexity of cross-chain operations. Sometimes, an additional operation step can lead to a very poor user experience, causing new users to quickly churn. In the DOT fund pool of the Dota public chain, some funds will be used to provide basic liquidity support in this regard, making free operations possible, greatly reducing user operation processes, and optimizing the user experience.

In the new upgrade of Polkadot, Coretime becomes an excellent solution as an alternative to slots, aimed at lowering the funding threshold for some small teams, allowing more development teams to participate. A Coretime trading and leasing market can better redistribute these Coretimes. The huge DOT fund pool of the Dota public chain can participate in the purchase of Coretime in advance and then provide more personalized trading and leasing services. We know that Tanssi is an excellent team. They have made deploying parallel chains as easy as deploying smart contracts on Ethereum, solving the new team's technical thresholds and operational costs. Dota will make it possible for these new teams to use Coretime for free or at a discount, helping them better go live and solving their funding threshold issues. More frequent transactions result in more stable prices, allowing more development teams to focus on development tasks without worrying about uncertain cost factors. In the early slots, we saw many excellent development teams observing due to the volatility of slot costs, missing out on market opportunities, and ultimately leaving the Polkadot ecosystem.

Fair Launch can help users find high-quality teams and have the opportunity to participate in early investment in the Polkadot ecosystem. For new technical teams, this is a new ICO model, which is fairer. The revenue generated during the Fair Launch process will not be directly transferred to the project party's account but will be used to support the project, such as helping them obtain Coretime. This can prevent rug pulls and protect the interests of users and investors.

In summary, Dota can help attract and retain new users, and it can also help more developers reduce the funding threshold for development. The ultimate goal is to achieve mass adoption of Polkadot.

4. The significance of DOTA Chain to the DOTA community

Dota holders not only participate in community governance but also share platform revenue generated during the Fair Launch. Moreover, as an independent parallel chain, it has greater flexibility and lower user entry barriers when connecting with CEX. During the Fair Launch event, a portion of the transaction fees DOT will enter the LP, exchanging for Dota for lock-up or destruction, positively impacting Dota prices. There are many DeFi innovations that can be done on it, not listed here.

5. dotafair can help DOT holders eliminate the adverse effects of inflation

Currently, DOT inflation may be based on an unreasonable scope, leading to panic selling due to a lack of use cases. Dota Chain has brought active use cases for DOT, and many DOTs have entered the pool for infrastructure construction, effectively eliminating inflation.

In this proposal, we introduce the Dota Network to the Polkadot/Kusama community, inviting them to provide feedback and suggestions and help us reach consensus on the upcoming financial proposals. We will begin discussions via the proposal link https://docs.google.com/document/d/1kVnGJ-RHOhLWb0p2vkh40hRvlW5EPAYFsQ8eAYVIRWI/edit?usp=sharing.

Users of the Chinese community can click on the link https://docs.google.com/document/d/15aQovT1tLR_96C7e9sw8vyTXBd7_WZVQJXoqv1oA2as/edit?usp=sharing