An idea came to mind, that I think would make IDLE even more attractive to users, especially being the future face of DeFi. I think it would also help with the several other ideas discussed in the forum.
There’s a project called swipe that I’ve been following for a long time. They are going to be one the leaders in the payment and DeFi space imo. They were acquired by binance last year and swipe runs all the transactions in the backend for binance card. Binance card is just one player using the white label program they offer. Its likely FTX will announce their white label card as well, according to some research I’ve done (even tho not announced). Many players in the space will partake in the white label program.
They are also interoperable with Ethereum and BinanceChain, which makes things very easy for other platforms to partake. They did all hard work (Legal work, issuing cards, KYC, etc). They are also opened/opening up is all regions around the world.
These cards can enable users to also use Apple Pay, Google Pay, Samsung Pay. and can be used just like your daily card you have now.
It cost 25k USD to do standard card issuing or 300k SXP staked to do premium issuing. If community likes it, maybe we can used some unclaimed tokens to buy the 300k SXP to stake while its still cheap. There are also many more benefits to it, but the standard works good too.
I’m pretty sure you can customize everything within the app. (Add your own tiers, bonus system, and IDLE staking). I think you can adjust smart contracts/code the way you want. (I’m talking to CEO directly, so you can post any questions in here and I’ll get them answered for you)
If IDLE were to partake in the white label program, we could likely create a “community referral system, Bonus tiers, and staking system” all combined together and easily integrated inside the app so users can partake. (But even if we didn’t include any of those, it would still be awesome to have Debit card for users). Just that in itself will attract a lot of normies. Like I stated, swipe takes care of all the hard work.
We can then build out a sleek and simple app, with wallet connect feature in it. As users login the app, they can see a clean layout of…
- List of Strategies & APY
- Staking option, tiers, bonus
- Referral option
All rewards, withdrawals will all go straight to wallet, which makes it super easy to spend or convert to any currency they want.
Also, since the KYC and legal stuff is done, it would be a lot easier and quicker to get that milestone goal “Direct Fiat Onramp deposit in IDLE”
Everyone is on mobile nowadays, so I think having an simple app is clutch, just like the sleek website IDLE currently has. And I truly believe it will be easier and better to intergrade all the other ideas discussed in here with something like this in place.
Anyways, just figured I’d share in case team or community gets anymore ideas from it. I know I didn’t post too much detail, but if community likes it, we can build off ideas from the info share here.