MunchBit

The JustEat Disruptor

Project Name: MunchBit
Team Name: ARayADay
Domain name: www.munchbit.zil
Payment Address: 0x6A4DBf88B573D5753DC587DfCf9aD5607c8b3a69

ico-pages

https://kylin.network/?utm_source=icodrops

Overview

We want to deliver a platform to take on the giants that are JustEat and UberEat. we do this by using the blockchain ledger to perform transaction at scale without lag. Currently Business are at the mercy of these giants paying extortionate operating fees only to line the pockets of giant corps and eat into the little profits the restaurants work with.

We want to deliver a solution for both clients and consumers that offer a cheaper alternative. With the blockchain always on customers both consumers and clients wont have issues with server outages and costs of operating will be at a marginal cost we are lookign at a number of smart contract blockchains such as Substrate, Komodo, Blockchain Smart Coin, Cardano, Solano

Project Details

IPFS storage will be explored for client branding, which will translate to clients paying for storage of their assets. assets being images and other files.

Look out for the following:

Mockups/designs of any UI components
API specifications of the core functionality
An overview of the technology stack to be used
Documentation of core components, protocols, architecture etc. to be deployed
PoC/MVP or other relevant prior work or research on the topic

Ecosystem Fit

JustEat, UberEat are non blockchain application which are the very businesses we intend to take on.

Team 👥

Team members

Obaydur (Akhtar) Rahman Miah
Ammy Singh
Kamruz Zamman
Martin Rendell

Contact

Contact Name: Akhtar Miah
Contact Email: [email protected]
Website

Legal Structure

Registered Address: 65 Longmore Road, Solihull, B90 3DZ, UK
Registered Legal Entity: Ray-IT Ltd

Team's experience

Please describe the team's relevant experience. If the project involves development work, then we'd appreciated if you can single out a few interesting code commits made by team members on their past projects. For research-related grants, references to past publications and projects in a related domain are helpful.
Akhtar Miah - Microsoft SQL Data Engineer 8 years Data Warehouse design & develop experience

Team Code Repos

https://github.com/coderayway/MunchBit/

Team LinkedIn Profiles

Development Roadmap 🔩

This section breaks down the development roadmap into a number of milestones.

Milestone 1 — Create Proposal Docs/ Demo dApp

Duration: 2months
FTE: 1
Costs: 0.05 BTC

Create a capped Token (200,000,000) ($0.10)

Create a website to explain business model

Create a user facing website

Create a demo dApp to demonstrate User Experience

Milestone 2 — Test Dev dApp

Duration: 4months
FTE: 2
Costs: 1.75 BTC

dApp Integration to central server, used to host Client images and Files

IPFS used for future milestone Fiat integration into dApp - Payment process via Fiat only

Trial dApp in controlled zone (UK Midlands)

Token wallet integration into dApp - able to create and view wallet within dApp

A private IDO will commence in May 2021 which will offer 5,000,000 to internal team & local community. Total raised during this phase is $500,000

Milestone 3 — substrate Integration Dev dApp

Duration: 3months
FTE: 2
Costs: 1.75 BTC

dApp Integration to blockchain substrate (write Tx to blockchain)

Token incentives - offer reward tokens for purchasing (1 token issued per Tx)

Token to Fiat exchange system

Stress Test on Simulated Tx

A public IDO will commence in September-October 2021 with a supply of 100,000,000. This ICO will end 1 months after launch or until Coins are all purchased. Total raised during this phase is $5,000,000.

The rest of the supply will be minted through mining/Tx

Milestone 4 — dApp GoLive

Duration: 4months
FTE: 3
Costs: 3 BTC

dApp dual Tx Token/Fiat payment options

Out to Market (Onboarding new restaurant reward)

Out to Market (Referral schemes for eaters)

Allocation of Escrow tokens will be as follows

40% Marketing (~$2,200,000) Brand awareness for both
- Coins
  - News publish
  - Expos
  - Trading/Exchange platforms
- Service
  - Promote to restauranteurs
  - Food eaters
20% Reserves (~$1,100,000)
10% Founder (~$550,000)
30% Development (~$1,650,000)

Future Plans

Ongoing Marketing
Out to Market (Onboarding new restaurant reward)
Out to Market (Referral schemes for eaters)

Other acknowledgments

All money will be held in escrow
There will be a trickle release of 5% of escrow to staff every 3 months until the full 30% is distributed

raycodeaway / munchbit Goto Github PK

munchbit's Introduction