Show HN: Decentralized Bitcoin Incentives via QR Codes
16 days ago
- #Decentralized Finance
- #QR Rewards
- #Bitcoin
- The DT7-QR Rewards System is a decentralized framework designed to enhance Bitcoin’s utility as a transactional currency and community-driven ecosystem.
- It integrates QR code-based engagement, tiered staking, and governance to incentivize active participation and peer-to-peer transactions.
- The system distributes BTC rewards from a community treasury, aiming to move beyond institutional tools and empower financial interactions.
- Vision includes driving engagement through QR code scans, promoting transactions via Lightning Network, empowering communities, and ensuring compliance.
- Core mechanism involves QR scans earning ERC-20/testnet units, with 30% of daily treasury distributed as BTC/LN rewards based on participation.
- New participants receive a one-time bonus to encourage onboarding, and wallets must complete at least 2 scans/day to qualify for rewards.
- Treasury allocation: 80% for traders (60% games/social, 30% QR rewards, 10% staking), 20% savings (6% operational, 7% yield, 7% cold storage).
- Staking rewards feature a tiered structure, independent of QR scans, with governance eligibility for staked wallets.
- Anti-gaming measures include time-bound nonces, scan limits, privacy-preserving logging, and manual oversight.
- Governance is community-driven, with voting power based on staking duration and ERC-20/testnet scanned, transitioning to a DAO.
- Regulatory compliance is addressed with non-custodial LN wallets for U.S. peers, direct BTC/LN payouts for non-U.S., and avoiding stablecoins.
- Technical implementation combines off-chain (hashed wallet IDs, timestamps) and on-chain (dApp for limits, nonces) components.
- The system enhances Bitcoin’s role by encouraging transactions, fostering engagement, empowering users, and navigating regulation.
- Technical roadmap includes QR scanner prototype, staking smart contract, and DAO voting phases.
- Developers needed for Bitcoin/Lightning integration, QR code handling, smart contracts for staking/DAO.
- Tech stack: QR libraries, multisig via BitcoinJS, dApp on Web3.js, built with Bitcoin Script/Lightning, Ethereum/Solana for DAO, Node.js for QR generation.