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Epics - Buidl to Earn.

Epics DAO
January 16, 2023

Epics - Buidl to Earn.

Epics is a decentralized crowdsourcing platform for incentivizing open source software development.

https://epics.dev/

Epics DAO

January 16, 2023
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  1. Buidl to Earn.
    Epics is a decentralized crowdsourcing
    platform for incentivizing open source
    software development.
    Not a Financial Advice.

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  2. Agenda
    1. Market Trends
    2. Problem
    4. Product
    5. Market
    6. Traction
    7. Business Model
    8. Competition
    9. Team
    10. Token Economy
    3. Solution
    11. Token Burn Plan
    12. Roadmap

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  3. 1. Market Trends
    2010
    10%
    2016
    36%
    2022
    78% Percentage of open source software
    in all codebases
    In 12 years
    +680%
    The percentage of open source
    software development is
    skyrocketing.
    ※Reference data excerpts from the Open Source Security and Risk Analysis (OSSRA) report
    (Synopsys, Inc., Nasdaq listing code: SNPS) and Black Duck Software Composition Analysis.

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  4. 2. Problem
    ・Deteriorating working
    environment for IT engineers
    ※2022 OPEN SOURCE SECURITY AND RISK ANALYSIS REPORT -
    https://www.synopsys.com/software-integrity/resources/analyst-reports
    /open-source-security-risk-analysis.html
    ・More defects, more
    vulnerabilities exposed
    Low wages x Long working
    As a result
    Huge lack of resources
    88%
    of code bases contained
    components that had
    no new development in the
    past two years and were
    behind on user updates
    “When no feature upgrades, code
    improvements, or security remediation
    activity occurs for 24 months, it’s likely that a
    project is no longer being maintained at all.”

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  5. 3. Solution
    Build a developer-friendly and more sustainable open source software development
    system
    ①Establishing a flexible work
    style by dividing work into issues
    ②Prioritize resolution of urgent
    issues through the principle of the
    issue market
    ③Realizing trustless direct
    transactions using blockchain
    Developers can spend their favorite time solving
    problems in their favorite fields
    It is possible to get the right evaluation by
    improving the software towards a clear goal
    It is possible to contribute to solving problems in
    various organizations by making extensive use of
    individual areas of expertise.
    High-urgency issues attract more bounties,
    allowing developers to get the right attention
    Developers can focus on specific issues, resulting
    in more efficient and high-quality output
    generation
    Get expert help on issues you want to resolve with
    certainty
    Maintaining low fees and giving back to the
    community by using blockchain to eliminate
    intermediaries
    The smart contract fairly judges who solved the
    issue and creates a transaction
    Utility tokens are also valid as voting participation
    rights for Epics DAO and can participate in
    management

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  6. 4. Product
    Decentralized Crowdsourcing Platform ”Epics”
    * Decentralized platform? : It is a platform that replaces the intermediary
    (for example it's a bank for money transaction) that has been necessary
    for safe transactions with a program called smart contract, enabling direct
    transactions between individuals without fraud.

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  7. 5. Market
    TAM
    SAM
    SOM
    TAM
    SAM
    SOM
    Total Addressable Market
    Serviceable Available Market
    Serviceable Obtainable Market
    $4.5T
    $3.2T
    $751B
    ※Gartner (October 2021): Table 1. Worldwide IT Spending
    Forecast (Millions of U.S. Dollars)
    https://www.gartner.com/en/newsroom/press-releases/202
    1-10-20-gartner-forecasts-worldwide-it-spending-to-exceed
    -4-trillion-in-2022
    $4.5T Worldwide IT spending
    in 2022
    $3.2T Worldwide IT spending on IT services,
    devices, enterprise software, and data center
    systems in 2022
    $751B Enterprise software share of worldwide
    IT spending in 2022

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  8. 6. Traction * at 2023/1/13
    The transaction volume is gradually increasing.
    Plan to distribute $EPCT for open source
    projects in January 2023. This is expected to
    increase quests and projects.
    The IDO, which is also scheduled to be held on
    January 31st, will add a price to $EPCT, so more
    developers can be expected to participate.

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  9. 7. Business Model
    Sales
    Platform Fee Liquidity commision NFT / data sales and royalties
    3% commission on all transactions Provides liquidity for currency pairs such as
    $EPCT - $USDC
    0.3% commission on transactions
    NFT sales and holding events on the platform
    2% of market transactions are royalties for NFT
    KPI
    New Quests
    Clear Quests
    Active Users

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  10. 8. Competition
    Service Start
    Currency
    Users
    Total Transaction
    Monthly Transaction
    Platform Fee
    Token Price
    Pros
    Cons
    Epics IssueHunt GITCOIN(Bounties) BOUNTYSOURCE GitHub Sponsors
    2022/9 2018/6 2020/6 2006/5 2019/5
    $EPCT (Solana chain) USD
    Ethereum-based
    Cryptocurrency Paypal, Bitcoin, USD USD
    100 active users
    per month Total 700K Users
    300K active users
    per month
    90K active users
    per month
    90M active users
    per month (GitHub)
    530K $EPCT ($8K)
    $85K
    (Top 50 projects total)
    $11M
    $860K
    (Top 25 team total)
    undisclosed
    100K $EPCT ($1.5K) $1.5K $600K $4.5K undisclosed
    3% + Gas Fee(<$0.01) 10% + Payment Fee 10% + Gas Fee(≒$10)
    $10 + 10% + Payment Fee
    (Withdrawal) 10% + Payment Fee
    1 $EPCT = $0.015 - 1 $GTC = $1.50 - -
    Focus on issue resolution
    with gamification and
    token economy
    There is a project where
    the number of pull requests
    has increased by 10 times
    Cryptocurrency matches the
    concept. Both transaction
    volume and active users are top
    Large sponsors such as IBM
    Many active users on the
    platform
    Cognition has not
    progressed
    Small amount and not
    currently active
    Hackathons are held as Bounty, and
    there are also suspicious things with
    relatively loose rules and high
    prices.
    Currently inactive
    (Final move was end of
    2021)
    Since it is a donation to an
    individual, it is difficult to
    directly use it to solve open
    source issues

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  11. 9. Team
    Fumitake Kawasaki
    Co-founder
    Shota Kishi
    Co-founder
    James Neve Yasui
    Technical Advisor
    He has been involved in the software business
    from various positions, from sales to research
    and development, for more than 10 years, and
    has developed the serverless framework
    "SOULs" to solve problems in the field. The
    project has been certified as an advanced
    research and development project by the Dutch
    government. He has strengths in cloud
    infrastructure and smart contract development
    from the back end. He is also good at improving
    the efficiency of development work, and he has
    invented many tools.
    He has been engaged in software product
    design, development, design and marketing
    for 10 years. We have strengths in front-end
    development, and he is good at creating
    multi-platform compatible (PC, tablet,
    smartphone) apps with excellent UX due to
    human-centered design. Since he can
    participate in cloud infrastructure and smart
    contract development from the back end, he
    can design and develop Web3 applications
    while considering the overall balance. He is
    also a contributor to Solana Labs.
    He is an AI researcher with a PhD in machine
    learning and has published eight academic
    papers so far. He has been engaged in
    research and development of
    recommendation engine for marriage
    matching apps, and has a track record of
    greatly improving the matching rate between
    users. He has a wide range of knowledge from
    back-end to front-end to machine learning
    and can solve the challenges of the team. He
    can maximize the quality of his products with
    a multifaceted approach.

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  12. 10. Token Economy
    GENESIS Presale ($0.005 / EPCT, raise $250,000)
    20% at GENESIS Presale, 60 months linear schedule with 6 months cliff
    5%
    6% Presale for IDO ($0.01 / EPCT, raise $600,000)
    20% at Presale for IDO, 60 months linear schedule with 2 months cliff
    4% Airdrop & Grants for Open Source Projects
    100% at Airdrop for Open Source Projects
    20%
    10%
    10%
    Core Team
    40% at TGE, 60 months linear schedule with 6 months cliff
    Project Contributors
    64 months linear schedule with 2 months cliff
    35%
    Liquidity Fund
    10% at TGE, 64 months linear schedule with 2 months cliff
    10%
    Buidl to Earn (Community incentive)
    63 months linear schedule with 3 months cliff
    Future Stakeholders
    60 months linear schedule with 6 months cliff
    ※ You can get 1 EPCD (Governance token) with locking 1000 EPCT.
    You will get Epics fee discounts and participate in Epics Governance with EPCD.
    EPCT (Solana SPL-Token)
    Total Supply: 1,000,000,000 (After Burn: 100,000,000)

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  13. 11. Token Burn Plan
    33%
    67%
    80%
    20%
    Burn
    Insurance
    Treasury
    Epics DAO
    Treasury
    Platform fee
    (3%)
    Burn up to 900,000,000 EPCT.
    This percentage is transferred
    to the platform's event
    treasury after that.

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  14. 11. Roadmap
    Epics GENESIS Presale ($0.005 / EPCT, raise $250,000)
    2022.7
    2022.9 Epics Alpha launch, Solana Summer Camp Hackathon 5th prize
    2022.10 Presale for IDO ($0.01 / EPCT, raise $600,000), WBSO by the Dutch Government
    2022.11
    2023.1
    2023.2
    Solana Breakpoint, GitHub issue Data Oracle Collaborative Development (DIA)
    IDO ($0.015 / EPCT), Airdrop for Open Source Projects
    2023.3
    GitHub Account Name Service Collaborative Development (Switchboard)
    2023.6
    Epics Beta launch, DEX for EPCD launch
    Epics v1 major release
    2023.7 Epics multi-chain integrated development start (From Sui Blockchain)

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  15. Thank you🎉
    https://alpha.epics.dev/en
    Not a Financial Advice.

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