Goal

Explore how our crypto product could work, and whether it integrates with our play-money offering.

Background

• Users may not be familiar with crypto
• Users may be skeptical of crypto
  • It’s just hype or a ponzi scheme
  • I don’t know if my money is well managed
• Crypto users may think we’re too centralized?
• Crypto is pretty hard to use! See Austin’s Hedgehog Adventure

Questions

• How long would it take for a new user to start trading?
• What would the settlement time on a transaction be?
• What would the per-transaction cost be?
• Can we airdrop crypto to our play-money users?
  • E.g. a wallet tied to their Gmail email?
  • Is this a one-time thing? An ongoing thing?
• Can we grant tokens to people who sign up without needing them to pay?
  • E.g. Proof of Humanity or some other system (see Gitcoin)

Proposals

1. Solana contract, denominated in USDC, burning MM token

Users connect via wallet; everything is on-chain.

• Con: Requires users to be familiar with the crypto ecosystem, which has very high barrier to entry
• Con: Bad trading UX. Having to click a bunch of times to authorize transaction is frictionful
  • Also pretty expensive - Hedgehog transaction costs were $0.24 per trade
• Con: Solana instability