Introducing "People's Sovereignty" (PSV) – Crypto by the People, for the People Power belongs to the masses—not kings, corporations, or elites.
PSV is the native utility token of the Pioneer Shared Vision Protocol, a decentralized ecosystem designed to empower creators, developers, and users in the Web3 era. The token serves as the economic backbone of the network, facilitating transactions, governance, and active participation from the entire community.
Project Vision (Elevator Pitch) The Problem: The current Web3 ecosystem is fragmented, and new projects are often controlled by a few central parties, not by their own communities. Our Solution: We are building PSV (Pioneer Shared Vision Protocol), a decentralized ecosystem where the PSV token grants governance power, security, and direct utility to its holders, creating a digital economy that is truly community-owned. 2. Initial Hackathon Goals Technical: To launch the PSV token smart contract on a testnet, including basic functionalities like transfers and staking. Product: To build a simple dApp interface for staking, where users can connect their wallets and lock their PSV tokens. Community: To draft an initial whitepaper explaining the tokenomics and governance mechanism. 3. Progress Achieved Smart Contracts & Blockchain: Done: The ERC-20 smart contract for the PSV token has been successfully written and debugged. Done: The contract has been successfully deployed to the Sepolia (Ethereum) testnet. The contract address is available for testing. In Progress: Developing the second smart contract for the staking mechanism. The core logic for locking tokens and calculating rewards is complete. dApp Development (Frontend): Done: UI/UX design in Figma for the main landing page and the staking dashboard. Done: Successfully integrated wallet connection functionality (using wagmi and RainbowKit) into our dApp. In Progress: Building the interface components to display the user's PSV token balance and the form for staking. Documentation & Strategy: Done: The first draft of the Tokenomics section in the whitepaper is complete, detailing total supply, allocation, and emission schedules. In Progress: Writing the Governance section, explaining how token holders can create proposals and vote. 4. Challenges & Learnings Challenge: Determining a staking rewards rate (APY) that is attractive yet sustainable for the long term proved more complex than anticipated. Learning: We learned that the smart contract testing process requires significant time to ensure there are no security vulnerabilities. 5. Next Steps (Upcoming Focus) Finalize and thoroughly test the staking smart contract. Connect the dApp interface with the stake() and unstake() functions on the smart contract. Complete the whitepaper draft and prepare the final demo presentation.
Not raised any funds, but actively looking to raise.