Thanks for all the comments and replies! If you cannot edit the original post, can you please post the final proposal as a comment to your original post? In this way it appears here as a reply and people can see how the final version looks like before going onchain.
Great suggestion @Jose_StableLab ! Iāll share the fully reworked and edited proposal later today to ensure itās ready for discussion during the next community call.
The Final Rumble.exchange DAO Support Proposal
Executive Summary
Rumble.exchange, the first meme coin-focused DeFi platform on Rari, is seeking support from the DAO to scale our innovative trading platform. We are requesting 10,000 $Rari tokens to fund platform development, maintenance, and marketing initiatives.
Introduction
Rumble.exchange is pioneering meme coin trading in the $Rari ecosystem through our unique standalone DEX with bonding curve mechanics. As the first DeFi application focusing on meme coins on Rari, weāre creating a new niche that combines trading excitement with ecosystem security.
Our core team consists of two dedicated members:
- Sidney (Founder): Leads back-end development, fine-tunes front-end functionality, and manages marketing and business development initiatives
- Derek (Co-founder): Specializes in front-end development while supporting back-end operations as needed
Current Status
- Successfully launched and operating platform
- Self-funded development and maintenance
- First-mover advantage in the Rari meme coin space
- Operating costs currently covered by founding team
Funding Request and Distribution (3 Phases)
We are requesting a total of 10,000 $RARI tokens, distributed across three milestone-based phases:
Phase 1: Initial Release (5,000 $RARI - 50%, upfront)
- Platform Development (40% allocation)
- Enhanced trading features
- User interface improvements
- NFT functionality to launch (meme) NFTs on a bonding curve
- Infrastructure and Maintenance (30% allocation)
- Server costs
- Ongoing technical maintenance
- Security monitoring
- Marketing and Growth (30% allocation)
- Community engagement initiatives
- Social media presence
- Educational content
Phase 2: 3-Month Milestone Release (2,500 $RARI - 25%, after 3 Months)
- Released upon meeting 3-month KPI targets
- Continues funding distribution across development, infrastructure, and marketing
Phase 3: 6-Month Milestone Release (2,500 $RARI - 25%, after 6 Months)
- Released upon meeting 6-month KPI targets
- Supports ongoing development and scaling initiatives
Marketing Strategy
Community Engagement
Weāre initiating community growth through targeted activities:
- Twitter giveaways
- Trading competitions
- Regular AMAs
- Interactive community events
Content Marketing
- Comprehensive platform documentation
- Video tutorials and guides
- Regular social media updates
- Educational content focused on platform features
Organic Growth Strategy
- First-mover advantage in the Rari Chain ecosystem
- Feature rollout based on community feedback
- Focus on sustainable, organic growth
- Clear token listing process
- Emphasis on attracting genuine users over short-term fund hunters
- Strategic partnerships and community events
Key Performance Indicators (KPIs)
1. 1-Month Target
- Daily Active Users (DAU): 25+
- Monthly Trading Volume: $15,000+
- New Token Listings: 10+
- Community Growth: 1,000+ social media followers
2. 3-Month Targets
- Daily Active Users (DAU): 50+
- Monthly Trading Volume: $30,000+
- New Token Listings: 25+
- Community Growth: 2,500+ social media followers
3. 6-Month Targets
- Daily Active Users (DAU): 100+
- Monthly Trading Volume: $50,000+
- New Token Listings: 50+
- Community Growth: 5,000+ social media followers
Progress Reporting
We commit to providing:
- Monthly progress reports
- Transparent fund utilization updates
- Regular community AMAs
Value Proposition for the DAO
1. Ecosystem Growth
- Increased token utility for the $RARI ecosystem
- First meme coin focused DeFi platform
- Enhanced ecosystem diversity
2. Innovation
- Novel trading mechanics
- Unique bonding curve implementation
- New use cases for $Rari
Timeline
Implementation of proposed initiatives will begin immediately upon proposal approval, with first progress report delivered within 30 days.
Conclusion
As the first meme coin-focused DeFi platform on Rari, Rumble.exchange represents a unique opportunity to establish a new market segment within the Rari ecosystem. The requested funding will enable us to build a sustainable platform that contributes to Rariās growth while maintaining security and user protection.
Documentation & Resources
For detailed information about Rumbleās features, mechanics, and usage:
Contact Information
Contact us
Discord Server
Enter Discord
Closing Note
Thank you to everyone in the community for your valuable feedback and honest opinions throughout this proposal process. Your input has been instrumental in shaping our proposal for Rumble.exchange. Weāre excited about the potential to serve the Rari ecosystem and hope to welcome you all to the platform soon.
Letās get ready to rumble!
It looks great! Thanks for integrating all the feedback. Let me know if you need help posting it for onchain voting.
Of course! Once again, thank you (and everyone else) for the valuable feedback that has helped improve the proposal.
Regarding the on-chain voting aspectāyes, we could use some help with that. Iāll send you a DM so we can move it forward to tally.
I really like the idea and I believe that platforms like these are much needed on Rari Chain. Essentially, meme coins are the META for 2024 and most likely for 2025. Rumble has user-friendly and most importantly BEGINNER friendly UI/UX which will enable everyone to launch coins. Such option currently doesnt exist on Rari Chain.
My favourite parts are Streaming and Chatting features as well as Bonding Curve NFTs. I think they will enable powerful tool for artists to showcase their art development and results while engaging with the community.
Sidney showed good building skills and heās been more than willing to adapt to our āneedsā and suggestions. Looking forward to seeing proposal on Tally and voting YES.
Best of luck! @Sidney
I support this proposalāitās clear that @Sidney and @Derek has put significant effort into the protocol, and itās great to see proactive contributors in the ecosystem. The budget and KPIs seem reasonable, and Iām glad to see Rari Chain being utilized. I hope Rumble succeeds and sets an example for future projects.
On another note, I recently heard a great piece of advice about marketing: focus on crypto enthusiasts during bear markets and aim for mass adoption in bull markets. Memecoins play a unique role in bridging the gap, and Rumble could be a great tool for that.
That said, I do have a couple of questions. First, on security: do projects associated with the DAO or Rari Chain follow any established protocols or audits? Ensuring user safety is crucial for long-term success. Second, regarding the KPIs, will there be a focus on user retention metrics alongside acquisition to ensure sustainable growth?
If thereās anything I can help with, feel free to reach out. Best of luck!
Hey there @KAF Thanks for your feedback and support for Rumble.
Security is our absolute top priority. Weāre building this platform with the same care and attention Iād want if I were a user myself. As someone whoās been in the public eye and is deeply passionate about web3, trust and transparency are everything to me.
Speaking of transparency - Derek and I are completely doxxed, with all our personal socials fully linked and open for everyone to see. As someone whoās been on several TV shows in the Netherlands, my reputation means everything to me.
Weāre not some anonymous team hiding in the shadows - weāve got real identities, real connections, and way too much to lose to ever risk our names on anything less than a fully legitimate and trustworthy project. Building cool, innovative platforms that make a real difference isnāt just a goal - itās a commitment we take seriously.
I love your insights about marketing strategies and crypto cycles. Itās exactly the kind of thoughtful approach weāre taking with Rumble. Weāre not just creating another memecoin - weāre trying to build something with real purpose.
Your point about user retention is spot on. Weāre not just looking to bring people in; we want to create an ecosystem where users see genuine, ongoing value.
Weāre pumped about what weāre building on the Rari Chain and always open to hearing more ideas. Feel free to shoot over any thoughts you might have!
Ive met Sidney and Derek several times in Holland, the first time was at the music festival Ground Zero, they took good care of me there. We even went to the Avalanche summit in Argentina a couple of months ago. They are an ambitious and talented team of developers able to build a lot of applications.
I am very happy that theyāve decided to come to the Rari Chain and help build the future together. Its a great thing if you are able to work together on something with real life friends.
Looking forward to see the proposal go live on Tally and to see our beloved blockchain grow!
LFG
Thanks for amending the proposal @Sidney!
Whilst I appreciate the value add of Rumble to RARI Chain and it filling an ecosystem gap, one thing I feel hasnāt been covered here is how you will work with other RARI Chain ecosystem dapps and the ultimate benefit of you receiving $RARI for things like co-marketing.
Throughout our DeFi campaign, weāve seen daily transactions grow up to 40x any have tens of thousands of new users who have explored the ecosystem, jumping between each of the ecosystem dapps e.g. Stargate, Camelot, Nucleus, Rarible etc.
How will you work with other dapps? I am concerned that Rumble acting as a standalone platform will limit its success within our ecosystem (for example once tokens have bonded, why arenāt liquidity pools then created on Camelot?). Also, without factoring in the wider user journey on RARI Chain into your plans, how can you help drive more RARI Chain usage (with Rumble as an entry point) when most other chain ecosystems also have memecoin launchpads?
Essentially, what Iām saying here is I donāt feel your current launch approach is comprehensive enough. Can you share more on previous platform launches in other ecosystems and how support from them financially benefited your dapps and resulted in stronger marketing campaigns? How are you driving users towards Rumble already?
Many thanks!
Hi Sidney,
Iām jumping in here to voice a concern around the proposal and the overall ecosystem benefit. I know weāve been chatting around the RARI Foundation supporting Rumble with co-marketing, and a concern that I have raised continuously is you not getting a paid audit for the Rumble code. I also noticed that you didnāt directly address this in your response to @KAF which is a little unsettling.
In my personal view, this is fundamental for any community to trust builders of dapps they use and is an external stamp of approval that any given Web3 platform is reputable. This is absolutely the industry standard and all other dapps within the RARI Chain ecosystem, especially ones we support with co-marketing, have received audits from reputable firms and published findings publicly.
Please could you address my concern here?
Hi @imastephen
Thank you for your thoughtful feedback. Let me address your concerns about ecosystem integration and provide more clarity about our approach.
You raise an excellent point about ecosystem integration. The reality is that building Rumble has already required significant development resources, and we want to be transparent about our, step-by-step approach to growth. While we have ambitious plans for Rumbleās future (as hinted at by our .exchange domain (Iāve told you about this in our previous call)), we believe in validating each phase thoroughly before committing to next steps.
Our bonding curve mechanism is currently designed to create sustainable liquidity and strong price discovery - itās a complex system that weāve put considerable thought into, so that means that the bonding curve will practually wonāt bond. There is no display that shows a bonding process, it simply shows the price for what people can buy or sell tokens.
Regarding future development, weāre exploring various options for when tokens mature beyond the initial bonding curve phase. However, we want to be measured about making specific commitments until weāve proven our core model and grown our user base.
Regarding the audit concern - our current smart contract is intentionally small and focused, handling only the bonding curve mechanics within Rumbleās controlled environment. While we absolutely plan to obtain a comprehensive audit from a reputable firm before expanding to broader trading functionality, weāve prioritized a lean and secure initial implementation. Once we move to our next phase - whether that involves our own DEX capabilities or other (Camelot) integrations - weāll pursue a full audit.
The requested funding would help us accelerate our development timeline while maintaining high quality standards. We want to build something truly valuable for the ecosystem, which means taking the time to do it right rather than rushing to implement everything at once.
One important point Iād like to emphasize is our intention to actively collaborate with quality (meme) tokens that launch on Rumble. While weāll implement a double-check procedures about these tokens before collaborating. Weāre committed to working closely with legitimate projects to help them succeed and grow (both) within the ecosystem.
We see Rumble serving as a unique entry point for the meme coin enthusiasts who might not otherwise explore the RARI ecosystem. Weāre very open to exploring integrations and collaborations with other ecosystem dapps that make sense for our users, our platform, and the broader RARI community.
Iām happy to discuss potential ecosystem collaborations that you might had in more detail by a call? Derek and I are interested in finding ways to create mutual value while staying true to our core vision and development principles.
Hey, thanks for putting together this proposalāitās clear youāve put a lot of thought into it, and I appreciate the effort. That said, Iāve got a few concerns and questions that I think are worth addressing before I can fully get behind this.
First off, the whole virtual liquidity thing is interesting, and I get the appealāit makes trading easier without requiring people to jump in and provide liquidity upfront. But my main concern is what happens long-term. How do you transition from virtual liquidity to actual liquidity? Like, at some point, someone has to provide the real backing, right? Whatās the plan for that? And what happens if trading volume scales faster than expected? These feel like important questions that need more clarity.
Now, on the bonding curve. Iām not totally sold here. Itās a cool idea in theory, but Iām worried about how it actually plays out in practice. Stuff like front-running, price manipulation, or just extreme volatilityāhow do you handle that? Also, the explanation is a little light on details. For example, howās the curve actually set up? How do you keep it stable during big buys or sells? A bit more transparency on this would go a long way, especially if youāve got test results or simulations to show how it works under stress.
And then thereās the security piece. Look, I get wanting to roll out fast, but launching without an audit? Thatās risky. Even a small, focused contract can have vulnerabilities. Iād feel a lot better if there were at least a preliminary audit before launchāit just feels like a must when youāre dealing with peopleās money.
Lastly, I think the proposal could use a stronger section on risk management overall. Things like market manipulation, scalability, and user expectations around virtual liquidityāthese are the kinds of risks that can make or break a project. Iād love to see a dedicated section outlining how youāre planning to handle these and what safeguards youāre putting in place.
Donāt get me wrongāI think thereās some real potential here, but these are the areas I think need more attention. Looking forward to seeing how you address these points and refine the proposal!
Thank you for taking the time to engage with our forum post and sharing your thoughts. I appreciate the effort you put into your feedback and this gives me the opportunity to clarify some points about Rumble, its mechanics, and its vision.
1. Virtual Liquidity and Its Purpose
Virtual liquidity is a fundamental requirement for platforms like Rumble, and itās not unique to our project. Platforms such as Pump.fun (Solana), Degen Express (Sonix), Ignite (AVAX), and Uptos.pump all utilize virtual liquidity for good reason.
The primary purpose of virtual liquidity is to set a price for a token upon creation without requiring the user to provide their own liquidity. This model solves a key problem in traditional token launches, where users either had to:
- Conduct a presale or fund the liquidity pool themselves, or
- Face the risk of creators pulling liquidity after launch (i.e., rug pulls).
With virtual liquidity, Rumble ensures that token creators can launch their tokens easily and securely while avoiding the risks associated with liquidity management. Itās important to note that virtual liquidity doesnāt lock users into eventually providing their own liquidityāit simply establishes the tokenās price mechanism at launch.
I hope this clears up your question about the role and necessity of virtual liquidity in platforms like Rumble.
2. Scalability and Transaction Volume
Regarding your concerns about scaling, the platform is designed to handle price adjustments per transaction. Every buy increases the price, and every sell decreases itāthis is independent of the overall trading volume.
If your question refers to high-frequency transactions (e.g., multiple users transacting simultaneously), itās worth noting that failed transactions can happen during periods of intense volume. This isnāt unique to Rumble; itās common across decentralized platforms. The solution here is slippage settings, which weāve integrated into Rumble.
Slippage ensures that transactions go through even in high-volume conditions, although users might receive slightly fewer tokens depending on the percentage set. This is a standard feature of any Automated Market Maker (AMM) and helps mitigate failed transactions during periods of high activity.
3. Bonding Curve Dynamics
Bonding curves are not newātheyāve been used long before crypto and are a well-established pricing mechanism. As a quick refresher:
- A bonding curve defines the relationship between price and supply.
- There are several types, such as linear, exponential, and logarithmic curves, among others.
Rumble uses an exponential bonding curve, which means the price increases at an accelerating rate as tokens are bought. Each sell reduces the price accordingly.
Some concerns around bonding curves stem from misunderstandings of their mechanics. In Rumbleās case, the bonding curve ensures predictable price movement tied directly to user activity. While slippage and timing may lead to some users securing better prices than others, this is inherent to decentralized trading and not unique to bonding curves. Itās also worth noting that no system can eliminate bots or ensure perfect timing fairness, though we have measures in place to minimize manipulation.
4. Security and Auditing
You raised a valid concern about security and audits, so let me explain our approach. Rumble, like Pump.fun and other similar platforms, is intentionally not audited at this stage. Auditing the contract would require making it public, which creates opportunities for frontrunning, MEV bots, and other forms of exploitation. Keeping the contract private is a deliberate decision to safeguard users.
This approach may feel unconventional compared to utility-focused DeFi platforms, but Rumble is a meme token launchpad, and its risks align with its purpose. Users entering this space are aware of these risks, and weāre transparent about the platformās experimental nature. As Rumble evolves, weāll explore audits or security reviews when the timing and purpose align with our goals.
Final Thoughts
Rumble is built to embrace the fun, experimental, and risky nature of meme tokens. Itās not designed to compete with traditional utility token platforms or liquidity protocolsāitās a lightweight launchpad inspired by Pump.fun and tailored for meme trading.
Your feedback helps us improve our communication about Rumbleās features and purpose, and Iāll make sure the proposal reflects these clarifications. If youād like to dive deeper into any of these topics or have more questions, feel free to reach out.
Thanks again for your inputāitās much appreciated!