Summary
Tribbles is proposing to add a smart contract that enables the minting and claiming of the Tribbles meme coin on the Agoric chain. This contract will serve as the underlying distribution mechanism for the airdrop claim via tribblecoin.com.
Tribbles aims to change the narrative around meme coins. Unlike other meme coins, which tie their value to the virality of a particular meme, the Tribbles token provides holders with the right to participate in a community governed by the principles of futarchy. In short, futarchy-based governance uses decision markets to gauge community sentiment on a particular action, making Tribbles a vehicle for intersubjective value creation. Furthermore, Tribbles may eventually leverage Agoric Orchestration to become the first meme coin to offer cross-chain functionality, allowing it to operate on other chains besides Agoric.
Tribbles will be the third mainnet partner project launching on the Agoric chain, with a targeted mainnet release date of January 2024.
Application Overview
Unlike other meme coins that rely solely on passive speculation, Tribbles aims to foster active engagement, by becoming a true token of community belonging. To make that a reality, it integrates four pillars of community interaction:
1. Token supply, predicated by community participation: Over 99% of the total supply of the Tribbles meme coin will be determined by the number of Tribbles minted by community members who have participated in a number of on-chain qualifying activities. Accordingly, the Tribbles meme coin will easily reach an exclusivity status.
2. Gamification: A core innovation of Tribbles is that users will be able to interact with their tokens, enhancing their experience through a mechanism that allows them to “feed”, evolve, and gain rewards.
3. Intersubjectivity: Not only can community members modify their Tribbles through interaction, but they can also decide what the future of the Tribbles project will be. Tribbles will be governed by its community (Tribblers). A DAO-like structure will be implemented to empower token holders to decide the project’s future direction, as participating in the DAO will be a mechanism for feeding one’s Tribble.
4. Multi-chain functionality & Derivation: Tribbles is launching on Agoric to benefit from its security and scalability, but also from its Orchestration capabilities. Limited to the Agoric community in the beginning, Tribbles will eventually spread across multiple chains and involve various Web3 communities, becoming the first-ever cross-chain meme coin in existence. Tribbles derivatives will “spawn” in alternative networks and ecosystems, unlocking unprecedented creativity and engagement.
Background
Tribbles were inspired by the fictional alien species Tribbles from the 1960s version of Star Trek. They’re known for their enormous capacity to multiply, as they’re born pregnant with the only purpose to eat and reproduce.
The Tribbles meme coin was ideated to be a culture token for Agoric, and to potentially serve as a catalyst to the Agoric economy. In addition to onboarding new users to the Agoric blockchain, Tribbles aims to showcase the powers of the Zoe smart contracting library. It will integrate the ethos of intersubjectivity where shared trust creates the foundation for limitless cooperation and mutual empowerment.
Moreover, another part of Tribbles’ utility will be its cross-chain functionality. Tribbles is designed to be the first multi-chain meme coin and the first to fully utilize Agoric Orchestration.
The Tribbles Go-to-Market strategy outlines the following phases:
- An early community-access NFT, minted in IST (Inter Protocol’s Inter Stable Token), opening the gate to a private Tribbles channel within Agoric’s Discord server (Executed during EthCC / Nebular Summit 2024). The IST funds collected during that phase will go to the Tribbles treasury.
- Launching community quests acting as pre-qualifiers for the airdrop of the Tribbles fungible token (Currently executing).
- Removal of the NFT gate to the Tribbles community, accompanied by a Guerilla marketing campaign and a Crawl Machine activation (Executed at Cosmoverse 2024).
- Cross-pollination with other Cosmos meme coins communities, by making holders eligible for the Tribbles meme coin airdrop (Currently executing).
- Launch of the Tribbles fixed-supply meme coin.
- Airdrop of the fungible token to the Tribbles community, requiring a deposit in IST in order to be claimed. The IST funds collected during that phase will go to the Tribbles treasury.
DCF, the foundation partner behind Agoric, has provided a grant to fund the Tribbles smart contract development, and is currently supporting Tribbles marketing, community building, and GTM efforts.
Contract / Component Details
The current discussion concerns the deployment of the Tribbles contract, responsible for the minting and distribution of the Tribbles meme coin. While the functionalities described above, like cross-chain availability and derivation, are core components of the vision behind Tribbles, they won’t all be available at launch, but rather, added over time.
Some of the noteworthy features included in this Tribbles deployment include:
- Minting the Tribbles fungible token in a fixed supply, predicated by the amount of participation in the minting process, plus a nominal amount for the Tribbles Treasury/DAO, and a small allocation for the GTM team.
- Cross-checking their owners to designate the most engaged and deserving community members;
- Time-based airdrop, as token allocations will deteriorate over time;
- Distributing the Tribbles meme coin by airdropping it as per community members’ merits and in consecutive tranches.
The Tribbles airdrop will be the first-ever executed on Agoric, and probably the largest to have ever happened in Cosmos. It will be organized as follows:
- Tiered distribution as per met pre-qualifiers;
- Maximum amount of Tribbles coins minted per qualifying address: 9000;
- Distribution tranches, organized in 24-hour-long epochs;
- 5 Epochs in total.
Once finalized and prior to the minting date, a partial list of pre-qualifiers, as well as the confirmed distribution schedule, will be published here.
Deployment Checklist and Security Review
Tribbles and Agoric OpCo have jointly completed the Mainnet-2 partners checklist (Mainnet 2 Deployment Checklist · Agoric/agoric-sdk · Discussion #8280 · GitHub).
Completed MN2 Checklist Items (Tribbles Repo)
- In Progress
Completed Agoric OpCo Review
- DevRel Code Review
- Eng Code Review (Not completed until review changes approved)
- Issue: Claim Spoofing
Mainnet Launch checklist (Tribbles Repo)
Resources
Links to relevant and important resources such as website, company/team website, GitHub links, social media profiles.
Website: https://www.tribblecoin.com/
Discord: Agoric’s Discord server
Telegram: t.me/toomanytribbles
GitHub: GitHub - hindley-milner-systems/dapp-ertp-airdrop
Testnet/Launch Milestones
By running long-lived testnets and using that environment to evaluate software before promoting it to mainnet, validators play a vital role in maintaining a healthy, robust network for the Agoric community. Qualifying or certifying any new software or smart contract as production ready requires significant testing, and it is recommended that validators evaluate the following milestones before launching an on-chain governance proposal on the agoric-3 mainnet.
Here’s a numbered list of milestones for testing during the Emerynet period going into mainnet:
– Tribbles developers publish Tribble Airdrop contract bundle to emerynet on: TBD - Targeting Dec 2024;
– Tribbles developers publish Tribbles Airdrop core-eval proposal to start contract on Emerynet on: TBD - Targeting Dec 2024;
– Tribbles developers use Emerynet to verify all on-chain functionality of contract, ensuring the above listed contract details function as expected;
– Tribbles developers, Emerynet validator community, and Agoric OpCo monitor on-chain behavior and performance, noting abnormalities where they arise and provide fixes before the mainnet proposal.
Areas of attention:
- Chain responses
- Storage node behavior and usage
- RPC interactions of Tribbles App and Emerynet
– Keep the community updated on testnet progress by posting updates to this thread or sharing details about this release in Discord or Twitter so that the entire community can follow progress towards launch;
– After successful testing with no abnormalities on Emerynet, Tribbles developers will publish the Tribbles bundle to mainnet;
– Tribbles developers will start the contract on mainnet through a core-eval proposal. Target date to be on-chain: early January 2025.