Subscribe
Sign in
Commit Club
p/commit-clubStake ETH on yourself. Make ETH when others fail.
Start new thread
Edward Sturm

Commit Club - Stake ETH on yourself, make ETH when others fail

by•

Commit Club incentivizes daily challenges and habits. Staked or free. Web3 or email signup. Publicly shared or private to you.

Staked gives you the added bonus of receiving stakes from failed challenges. If somebody fails, you get a portion of their stake.

Add a comment

Replies

Best
Edward Sturm
Maker
Hi PH! For years I’ve cultivated different habits to better myself:      - Fitness habits      - Meditation habits      - Public speaking habits      - Dieting habits I see so much potential in people and I think most either:      1. Are too reluctant to start a positive habit.      2. Quit too soon. Why we built Commit Club We built Commit Club to:      - Solve 1. by gamifying habit building.      - Solve 2. by using social pressure and loss aversion. How exactly Commit Club works Despite being a Web3 app, Commit Club is pretty simple. You commit to a daily habit or challenge either for free or by staking Ether. If you choose free, you can commit with just an email address (no crypto experience required). You can share your progress with a link so friends and family can keep you accountable. Staking Ether also helps keep you accountable. Every day you check in you get a portion of your Ether back and Ether from people who fail their challenges. When a committer breaks a habit, the remaining Ether is forfeited to everybody successful. But what about cheating? We’re building what we call, “Proof of Trusted Witness” to connect a blockchain API to oracles. For now, however, Commit Club uses the honor system which still has advantages. In addition to requiring less configuration, checking in, even if you lie, keeps your goal top of mind. You may not succeed on one day but you can try again on the next. What about gas fees? Total gas fees per challenge are ~$3-5. You only pay an Ethereum gas fee when you deposit and withdraw Ether. Maximum, two gas fees per challenge. Each fee is about $1.50. Where is Commit Club heading? In addition to “Proof of Trusted Witness,” we imagine Commit Club turning into an “Open Proof of Success” protocol. Commit Club could become the Guinness World Records of the Web3 era. We’ll do this with various oracles, challenge types (single goal based, weekly, and king of the hill challenges), and decentralization. Commit Club will ultimately become a community governed DAO. We spent a year building this and we’re excited to have finally made it to launch. Please let us know what you think - good or bad - we’re committed to this project! Thank you!
John Brandy
I love the focus but I’m curious: if a customer was crypto-curious but only mostly ready to commit, could they opt for a fiat currency at a reduced/“penalty” reward level? I think that would motivate some to push forward…
Edward Sturm
Maker
@johncbrandy Thanks for the question, John! We've been exploring fiat implementation. For now, users who don't have crypto are still able to commit for free with just an email address.
Kristian Gerardsson
How do you know if someone has succeeded or failed a challenge? 🤔
Edward Sturm
Maker
@frexuz Great question! You just check in manually through the app. You can check in through the dashboard or in the individual challenge page. For the future, we’re building what we call, “Proof of Trusted Witness,” connecting a blockchain API to oracles - this way you can be verified automatically. Proof of Trusted Witness also protects against cheating.
Kristian Gerardsson
@edward_sturm I see! :) So atm, there is no 'earn when others fail' right? As anyone can always input 100% success (unless they're honest, but that would lose them money for no reason) :P
Edward Sturm
Maker
@frexuz People still get ETH when others fail - we made this version as a tool for individuals who don't want to lie to themselves. The 'Loser Pool' is like a bonus that we think makes committing to a challenge more fun. If somebody wants to lie and check in to a challenge they didn't do, it's not exactly bad either. Checking in every day, even if you don't do your habit, at least keeps it top of mind :)
Edward Sturm
Maker
@frexuz @saman_sinaei This exactly is coming with our Proof of Trusted Witness update which connects a blockchain API to oracles! For now, checking in every day, even if you don't do your habit, at least keeps it top of mind :) Maybe you do it some days and not all days, but at least you do it. Thank you for the ramp suggestion! We've been looking at ways to onboard users without crypto, so this is great. We also have in free challenges which can be done with just an email sign up - this is live in the app.
Jon Astron
Congratulations on the launch! Perfect market for creating a hodl challenge where the ETH is staked and not able to be touched. I should do a 2 year challenge haha
Edward Sturm
Maker
@crypto_bluster Hodl challenge! - Love this
Tim Parsa
@edward_sturm congrats on building something that is a very important counter-force to all the temptations in our lives. You might want to check out Cadoo which I built with @colm_hayden. We've wrestled with a lot of the verification issues to avoid cheaters-- proof of work-out-- and currently integrate with Terra and https://www.getguru.fitness/. Once you nail the proof of workout to avoid cheating, you'll have a powerful way for people to bet on their future better selves-- I think that's so awesome. Also check out Zario fora similar approach to self-confirmed challenges to cultivate a healthier relationship with one's smartphone. Good luck and HMU if you want to chat about how Cadoo and Commit Club can work together. We're gearing up to launch our web3 strategy starting with a coin-powered community and evolving NFT avatars. Best of luck!
Edward Sturm
Maker
@colm_hayden @tim_parsa2 Both! Cadoo is awesome! Thank you for all the info in this, it's a treasure trove and I see you've been around for a while. Would love to connect - I'll send a message on LI with my email.
Anton Moukhin
Coolest idea for me! I wanna start fitness exercises soon, so shall try it tomake a habbit being stable. Congrats with a launch!!!
Edward Sturm
Maker
@anton_moukhin Thank you!!
Dow O'Sage
Very interesting. Upvoted and commenting to support this. Good luck!
Edward Sturm
Maker
@dow_osage Appreciate it!!
Eric Button
Insanely beautiful product. Can't wait until i can connect to my Strava app
Edward Sturm
Maker
@eric_button1 Thanks Eric!!
Hi @edward_sturm and congrats on your launch! Your project is cutting edge, I really wish you success and will love to try it out 🙏
Edward Sturm
Maker
@dashakruglova_ Thank you Daria!! Hope to encourage you on your challenge!
Ana Bibikova
Congrats on the launch! I wonder if all bet-related tools are destined to remind of old good Go F*cking Do It now? 😅anyways, looks like a great 100% science-based way to build healthy habits. Hope it'll grow big
Edward Sturm
Maker
@anab Aha, Go F*cking Do It is a legendary platform! Thank you Ana!
Md Sabbir Hossen Bijoy
Literally was having a conversation yesterday about how stickk could be crazy with web3. This is awesome.
Edward Sturm
Maker
@sabbirhossenbi2 Thank you! We're excited to keep building this out in the Web3 space - functionality like APY, NFT achievement badges, sponsored challenges, gated communities, and immutable records of success. And in general making this an open protocol that anybody can plug into and use across various systems!
This looks interesting, with all these "do smth-to earn" projects fashion I believe this one will be very successful
Edward Sturm
Maker
@tatiana_myasnikova Thank you Tatiana!! We like to think we're "live-to-earn" since our uses are so versatile. Daily habits can build success in so many different domains.
Oliver Rutherford
Absolutely love this. So excited for its future 🚀
Edward Sturm
Maker
@oliver_rutherford Thank you, Ollie <3
Pavel Novel
what an incredible idea! excited to check this out
Edward Sturm
Maker
@pavelnovel Thank you Pavel!!
Sang Do
This is great. Totally can see my team would use this!!
Edward Sturm
Maker
@sangbaodo Thank you! Feel free to reach out any time.
ashwin jain
Pretty cool! The point is not so much that others might game the system but how you can benefit from it. For example, if I want to let go of a bad habit, and lose some eth along the way, my focus is that I won! (benefits of letting go of a bad habit far outweigh some ether, even if you look at it from a pure financial point of view). If someone gets my ether along the way, whether they are genuine participants or not, doesn't matter. Who my ether goes to doesn't matter to me since I am in the game of only creating/losing a habit.
Edward Sturm
Maker
@ashwin_jain2 Yes!!! We really made this version 1 for people who want to commit to themselves. The "Loser Pool" is a bonus, but the idea is you won't want to lie to yourself and even if you do, at least you are reminded to do your daily habit. Great comment, thank you!
Ali ÇORAK
Congrats on the launch ⚡️
Edward Sturm
Maker
@alicorak Thank you!! I legit have butterflies in my stomach watching this. Have been waiting for this moment for the last year plus 🥲🥲🥲
Kobe Osei-Akoto
Pretty nice UI, great tool to get up off your behind and get stuff done
Bryan Okeke
Dope idea!