The SoundMoney Roadmap
Here’s a detailed roadmap for the SoundMoney Protocol based on your thesis and requirements:
Phase 1: Account Abstraction with BTC-Connect via Particle Network
1. Objective: Enable seamless interaction between Bitcoin (BTC) and decentralized applications (DApps) on Layer 2 (L2) networks.
2. Steps:
— Implement account abstraction mechanisms to facilitate BTC interaction with Particle Network.
— Develop protocols for secure and efficient BTC transfers and interactions within the decentralized ecosystem.
Phase 2: Develop Native Token Transfer on EVM-Compatible Cross-Chain Bridge
1. Objective: Enable native token transfers between Ethereum Virtual Machine (EVM) compatible chains and Bitcoin L2 networks.
2. Steps:
— Create a cross-chain bridge protocol compatible with EVM standards.
— Integrate decentralized exchanges (DEXs) to support trading of social tokens with built-in cross-chain functionality.
— Ensure seamless token transfer and liquidity provision across different blockchain ecosystems.
Phase 3: Token Bridge Liquidity to Bitcoin L2’s with EVM Compatibility
1. Objective: Enhance liquidity provisioning across Bitcoin L2 networks through token bridges.
2. Steps:
— Establish liquidity pools and incentives for token bridging between EVM-compatible chains and Bitcoin L2 networks.
— Optimize liquidity management to support efficient token swaps and transactions.
Phase 4: Launch RUNES-METASHREW-SANDSHREW Launchpad on Bitcoin
1. Objective: Introduce a launchpad platform for token projects on the Bitcoin ecosystem.
2. Steps:
— Develop RUNES-METASHREW-SANDSHREW launchpad with capabilities to incubate and launch social tokens and decentralized applications.
— Implement governance mechanisms and security measures to ensure project viability and investor protection.
Phase 5: Social OAPP Development
1. Objective: Build a decentralized application (OAPP) ecosystem to empower social tokens and applications.
2. Steps:
— Design and deploy Social OAPP framework for developers to build social-focused decentralized applications.
— Integrate features such as social token management, community governance, and user engagement tools.
Additional Considerations:
- Security and Audits: Conduct regular security audits and implement best practices to safeguard user funds and protocol integrity.
- Community Engagement: Foster a vibrant community through educational initiatives, developer support, and incentivized participation programs.
-Regulatory Compliance: Ensure adherence to regulatory requirements and transparency in operations to build trust among stakeholders.
By following this roadmap, SoundMoney Protocol can leverage the DeFi opportunities within the Bitcoin ecosystem, unlock significant value, and provide new avenues for BTC holders to participate in decentralized finance while expanding the capabilities of social tokens and applications.
