With the aim to fulfill Lucidao.com’s purpose and therefore to bridge crypto and real worlds I’m proposing the deployment of a fully decentralized marketplace protocol where DAO validated Oracles can post and sell their goods and services to crypto holders. The dApp would work only as a tech enabler by providing the connection between the Platform Users and Oracles, by certifying the transactions.
During a beta phase, the marketplace could focus on luxury goods in particular on Watches. Subsequently, once the marketplace is fully functioning, there could be the possibility to add further categories such as cars, art, wines, etc…
In order to be eligible to post goods/services for sale, Oracles will have to provide a proven track record of transactions and business structure related to the product/service they are willing to provide on the marketplace. Once the aspiring Oracle is certified by Lucidao team the DAO Governance, through its voting system, will decide whether the Oracle is accepted or not.
During the Marketplace beta phase, goods can be purchased in two ways:
1. Purchase certified collectibles using cryptocurrencies. The crypto holder will make the transaction at the requested price. The goods are then shipped to the buyers address thanks to our certified courier.
2. Purchase the ownership of the collectibles in the form of an NFT. In this case the crypto holder will make the transaction at the requested price.
- The buyer will receive an NFT representing the ownership of the purchased goods.
- The NFT will be claimable anytime: once the goods are shipped or collected; the token representing the ownership will be destroyed
- During the time purchased goods are not claimed by the buyers, they are stored in Oracle’s secure caveau.
Products on the marketplace will be purchasable initially with stable coins such as fUSDT, MIM and USDC on Fantom Opera network. LCD utility token won’t be used as a means of payment but as a platform fee in exchange to the access to the technology.
The first Oracle that would be willing to participate on the Beta phase is:
-The Watch Boutique: A company specialized in the trading of watches based in New York, Luxembourg, Switzerland and Italy.
During the beta, the oracle will put its watches for sale on the platform and will provide each piece with certified expertise in the form of a NFT guaranteeing the authenticity of the product.
Next steps
Consider this PLP as a starting point of discussion in order to build Lucidao protocol’s first DApp.
Once this proposal gains traction the Policy team will evaluate the execution and move it to FLPs section giving the chance to the community to vote for its development