PGP Proposal: Nexter Finance (prev Bhavish Finance) - Enabling Push Notifications to Prediction Market Components

🌱 Push Grants Program (PGP) Proposals
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1

  1. What’s your name?

  • Shreedhar Shreenivasa

  1. Email address. Which will be used for official correspondence only. (No spam)

  • shreedhar@bhavish.xyz

  1. Project Name. (Project / Company / Group / DAO Name. (No special characters here please.))

  • Nexter Finance, previously Bhavish Finance

  1. About you and your team. (Intro and background of those involved. Please link twitter accounts and any other social channels that are relevant.)

  • Shreedhar Shreenivasa

    Shreedhar has been working on various frontend and backend technologies for the past 10 years and brings in his expertise as a Data scientist and UI architect to combine Machine learning(ML) driven user experience. His past work in Uber involved using extensive data sets to prioritize UX and quickly analyze the impact of these user experiments.

    Telegram Contact - @shreedhar_shreenivasa

  • Mahantesh Shadakshari

    Mahantesh is a platform and backend developer, He is experienced in building Secure, Scalable, and Reusable products. Security, optimization, and scale are his core skill sets.

    Telegram Contact - @mantihs

  • Krupa Sagar -

    Krupa has 12 years of experience building production-ready software employing scalable architecture, distributed computing, microservices, test-driven development, cloud, and on-premise infrastructure.

    Telegram Contact - hbksagar

  • Kacharla Bhargav -

    Bhargav is a senior software developer with prior experience in Rakuten, OpenText, and Tata Consultancy Services and has a certified level of blockchain knowledge

    Telegram Contact - kbhargav5

  • Sujith Anand -

    Sujith leads the end-to-end design-related work. He has 7+ years of experience working in startups and multinational organizations such as IBM, Microsoft, and Datami. Also, he has finished two graduate programmes in Human-Computer Interaction and Advanced Computer Science in the United Kingdom and Europe.

    Telegram Contact - SujithAnand

  • Shawn Pereira -

    Shawn is a content creator with experience in content marketing, SEO optimization, and social media marketing. He has previously worked at Strip Finance, UNQ Club, InsideBitcoins, CoinSwitch Kuber, and Blockting.

    Telegram Contact - Shawnpereira

  • Vinod S -

    Vinod S specializes in the frontend web development with prior experience as an intern in Samsung Research Lab and Thinklink as well as being competent in Data Structures, Algorithms, Distributed systems and Computer networks.

    Telegram Contact - VinodS

  • Mithila -

    Mithila is a front-end developer with prior experience as an intern at Corvell Labs Pvt. Ltd. and successfully converted her role as a full time associate software engineer. She has hands-on experience in designing the UI.

    Telegram Contact - Mithila

    1. Project TL;DR; (Quick pitch summarizing the proposal in a couple of sentences)

    Bhavish TL;DR

    Bhavish is a no-loss prediction protocol on Polygon and BNB Chain that allows users to predict crypto and commodity prices as well as real-world event outcomes. We are the first platform to offer prediction vaults, that generate returns on user deposits by executing automated prediction strategies. Our platform is set apart by its GameFi elements that reward users for their engagement on the platform along with the accuracy of predictions.

    Proposal

    We’d like to integrate Push notifications into various Bhavish prediction components such as the starting of a prediction round, users winning, rewards awaiting, rounds with a big reward pool, quest resolution, and so on. In addition, we would like to implement Push chat for Bhavish Quests (Real-world event predictions) where people can subscribe to certain topics and debate them.

    1. Proposal Category

    • DeFi

    1. Project Overview (Describe the project in detail. What is the work that needs done and what’s potentially already finished? What’s the timeline for completion on the different tasks? How will the work be delegated among the team? What costs are involved?)

    About Bhavish

    Bhavish is a next-gen prediction protocol that offers capital-protected predictions. Users can predict using a lossless or lossy model on crypto, stock, commodity, sport and socio-political outcomes and earn rewards. Our platform is set apart by its GameFi elements that reward users for their engagement on the platform along with the accuracy of predictions.

    We are among the few who have integrated play-and-earn elements into a prediction market system as well as automated prediction vaults. Moreover, we’re the first platform to allow multiple predictions in a single round, as well as betting in both directions for the ongoing round. Beyond that, we are amongst the few to tackle user experience and retention through our easy onboarding solutions, such as Magic Link, Transak, and social logins.

    No-loss Predictions: Bhavish no-loss Predictions is a play-to-earn (P2E) model that allows you to explore Bhavish prediction market while protecting your capital. It is designed such that you first deposit $MATIC into the Bhavish deposit account and choose to receive the Bhavish No-Loss game tokens ($BGN). While your $MATIC deposit earns yields, you can use $BGN to explore Bhavish.

    Even if you lose all $BGN in the prediction process, your initial $MATIC deposit is unaffected. Moreover, all of your lost $BGN amount can be reset after 7 days, allowing you to resume exploring Bhavish. This is not all there is to lossless. The second benefit of using this feature is the unlimited rewards potential it offers. While your initial $MATIC will earn APY rewards, winning on Bhavish can earn you huge rewards.

  • Bhavish Rewards No-loss Tokens ($BRN): $BRN is a no-loss reward token earned by exploring Bhavish with $BGN tokens. Simply put, for every correct prediction made with $BGN, you will be rewarded with $BRN tokens. These tokens can be claimed for $MATIC while withdrawing from Bhavish deposit account.

    Bhavish Markets:

    Crypto Market: Crypto Predictions on Bhavish allows users to predict the outcomes of various cryptocurrencies including ETH, BTC, and MATIC. The distinguishing feature is that users can predict many times in a single round along with betting on both sides in the same round. Users may predict on the platform using $BGN, as well as MATIC, USDT, USDC, and DAI.

    Commodities Market: Commodities Predictions on Bhavish allows users to predict the outcomes of popular commodities like GOLD and SILVER. The distinguishing feature is that users can predict many times in a single round along with betting on both sides in the same round. Users may predict on the platform using $BGN as well as MATIC, USDT, USDC, and DAI.

    Prediction Vaults: Bhavish’s prediction vaults automate predictions for users, allowing them to earn an APY on their $MATIC deposits. Users can pick between two strategies on crypto assets such as BTC, ETH, and MATIC. The strategies run automatically on the following assets’ prices and place predictions accordingly.

    Quests: Bhavish Quests is a prediction market for real-time events. Users can make predictions on a wide range of real-world events, including, but not limited to, the FIFA World Cup, cricket matches, F1 racing, entertainment, business, and technology.

    Our Accomplishments till Date:

    • We’ve graduated from BNB Chain EU Incubator Program

    • The first prediction market to launch a white label solution on QuickSwap

    • 1200+ Daily Active Users (DAUs).

    • 1.5M predictions on platform.

    • 16M+ $MATIC prediction volume.

    • First to launch Prediction Vaults.

    • First to Launch No-loss Predictions.

    Roadmap (Tasks to be Completed):

Q1 2023

  1. Seed fund raise

  2. Play-to-earn and Stake-and-earn model - Creating Utility for other tokens

  3. Launch mainnet on BNB chain

Q2 2023

  1. Launch mainnet on Hedera chain

  2. Launching a Native mobile app

  3. Launching a Notification engine

  4. Open sourcing SDK

Q3 2023

  1. Launching Ads platform

  2. Introducing Learn-to-earn model

Q4 2023

  1. Token launch

  2. Token listing

  3. Liquidity mining

  4. Launching Staking program

  5. Value Proposition to Push Protocol. (What are the benefits to the Push Protocol community for investing in this proposal?)

  • With over 10000+ total users interacting with Bhavish and 1200+ daily active users with notification service, we believe that PUSH protocol can onboard a new set of users.

  • Similarly, with 600+ daily returning users, consistent communication channels will be established via Push notifications that will increase protocol engagement.

  • We are also building a community of users around Quest (Real world event based prediction market) where PUSH chat can enable decentralized community activity that can create a lot of engagement for PUSH Protocol.

  • We have about 30,000 visitors every month, with each user spending an average of 12 minutes on our platform. This will benefit PUSH considerably since Bhavish user time will maximize PUSH notification usage/engagement.

  1. Funding Requested. (Figure should be in $PUSH tokens (calculate the amount of $PUSH tokens based on the exchange rate when you submit this form)

  • $20,000 (47,442 $PUSH tokens as of March 7, 2023)

  1. Milestones (These need to be specific, quantifiable, and a timeline bound for the completion of each step.Funding will be tied to the agreed-upon steps, the timeline set here, and the verification of the milestone goals.Tell us how much funding you need per milestone with a simple breakdown (if any) on how you plan to spend it.)

Milestone #1:Integrating Push Notifications

  • Integrate Push Notifications to different prediction components that include starting of a prediction round, users winning, rewards awaiting, rounds with a big reward pool, quest resolution, and so on.

  • Launch a PUSH x Bhavish marketing campaign to boost notification usage among all Bhavish users.

Timeline: 2 weeks from date of Approval

Funding Ask: $10000 (23,721 $PUSH tokens)

Milestone #2: Integrating Push Chat

  • Integrate the Push Chat feature into Bhavish Quests (predictions of real-world events) to allow engagement-driven communication. This will boost community growth for both PUSH and Bhavish.

Timeline: 8 weeks from date of Approval

Funding Ask: $10000 (23,721 $PUSH tokens)

  1. What is your legal status? (Is your project incorporated; who will be receiving the grant money?)

  • Our entity is legally registered in Singapore and British Virgin Islands (BVI) since 18th October 2022. The Grant money will be received by the company treasury address.

  1. ETH Wallet Address. (Payments will be made in $PUSH token on the Ethereum mainnet.)

  • 0x25B306eF31abB717Aad544E0dBAD82DC655009Db

  1. Relevant links and other information. (If applicable, please share applicable links to your project (e.g., website, Twitter, GitHub) What else do you think we should know about your application?)