Rari Foundation

Abstract

Rumble.exchange, the first meme coin-focused DeFi platform on Rari Chain, is seeking 10,000 $RARI tokens to scale its platform. The funding will be milestone-based, supporting development, infrastructure, and marketing initiatives aimed at driving adoption, community engagement, and ecosystem growth.

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Motivation

The Rari Chain ecosystem can benefit from the rising popularity of meme coin markets, which are proven drivers of community growth and user engagement. As the first meme coin-focused Launchpad on Rari Chain, Rumble.exchange creates a unique opportunity to establish a thriving niche and attract new users to the ecosystem.

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Rationale

Supporting Rumble.exchange aligns with the Rari Foundation’s mission to foster decentralized innovation and community-led growth. By providing a platform for meme coin trading and NFT integration, Rumble.exchange increases the utility of $RARI while introducing novel use cases and strengthening ecosystem diversity.

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Key Terms (optional)

• Bonding Curve Mechanics: A pricing mechanism where token prices dynamically adjust based on supply and demand.
• Launchpad/Dex: Decentralized Launchpad/Exchange enabling peer-to-peer trading without intermediaries.

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Timeline

Implementation of proposed initiatives will begin immediately upon proposal approval, with first progress report delivered within 30 days.

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Specifications

Platform Features

• Standalone Launchpad utilizing bonding curve mechanics for meme coin trading.
• Integration of NFT functionality for launching and trading meme NFTs.
• User-friendly front-end optimized for seamless trading experiences.

Technical Infrastructure

• Scalable back-end architecture with enhanced security and server management.

Marketing and Community Initiatives

• Twitter giveaways, trading competitions, and AMAs to grow the user base.
• Educational content, video tutorials, and platform documentation.
• Organic growth strategy focused on attracting genuine users and avoiding short-term reward farming.

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Steps to Implement

To ensure transparency and accountability, Rumble.exchange will provide:

• Monthly progress reports on development, infrastructure, and marketing.
• Transparent updates on fund utilization and milestone achievements.
• Community AMAs to discuss progress, address feedback, and align on goals.

Phase 1: Initial Development and Launch (5,000 $RARI - 50%)

• Enhance trading features, improve UI/UX, and integrate meme NFT functionality.
• Cover infrastructure costs (server and maintenance).
• Launch marketing campaigns, including community engagement events.

Phase 2: 3-Month Milestone (2,500 $RARI - 25%)

• Release new features based on user feedback and KPIs.
• Expand marketing initiatives and user acquisition efforts.
• KPIs: 50+ Daily Active Users, $30,000 Monthly Trading Volume, and 2,500+ social media followers.

Phase 3: 6-Month Milestone (2,500 $RARI - 25%)

• Scale platform operations, security enhancements, and infrastructure upgrades.
• Host competitions and community-driven events to drive continued growth.
• KPIs: 100+ Daily Active Users, $50,000 Monthly Trading Volume, and 5,000+ social media followers.

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Timeline

• Phase 1: Start immediately upon approval (1 month).
• Phase 2: Complete 3-month KPIs and milestone report.
• Phase 3: Complete 6-month KPIs and final milestone report.

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Overall Cost

Total Requested: 10,000 $RARI

• Phase 1: 5,000 $RARI (50% upfront)
• Phase 2: 2,500 $RARI (25% at 3-month milestone)
• Phase 3: 2,500 $RARI (25% at 6-month milestone)

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Multi-sig policies

• Assuming a 3-member squad, the multi-sig will be structured as 2 out of 3: (Forexus, Firefly808, Sidney)
• Multi-sig address: 0xa110922a5E981e1442f2D519373f94CCd74a4B93
• 50% of the total funding will be allocated upfront to Rumble, while the remaining 50% will be deposited into a multi-signature wallet. Funds in the wallet will only be released upon achieving specified milestones, with approval required from both Firefly808 and Forexus.