Refer Task Sponsors
Find a friend willing to fund a task. We’ll give you $1000 in BTC if it goes live.
• 4 min read
How do we build the cryptoeconomy? We'll need to use crypto to enable new types of transactions that generate value for the 100M+ crypto users spread across every country in the world. Some of the first big use cases are financial: crowdfunding, wire transfers, decentralized finance. But a growing use case is to enable people to sell their time in the cryptoeconomy via microtasks.
So today we’ll incentivize you to refer a friend who wants to fund a 1729 task.
First, what are we doing at a high level? Well, as per the figure above, you can think of 1729.com as a two-sided marketplace of task sponsors and task completers. A task sponsor creates and funds a task, while a task completer finishes a task and earns crypto. It can be more complicated than this, as the creator and funder can be distinct, but that's the high-level concept.
If you’re reading this, you are a task completer, while the entity drafting and funding this post is a task sponsor – in this case, 1729 itself!
Your goal in this task is to find new sponsors for tasks beyond first party 1729-funded tasks. We're finding these ourselves, but if you can help us decentralize the process it becomes more scalable. It is in your interest to help us find new task sponsors for three reasons:
Now let’s say you are ready to get out there and find a task sponsor open to trying out a task at 1729. Who are you getting in touch with specifically and what are you selling them? The 6P’s provide a useful framework for firming this up.
Let’s apply it to the product for task sponsors:
Importantly, in a two-sided marketplace there are at least two products, the product for the task completers and that for the task sponsors. The table above is just for the task sponsors; it’s a good exercise to think about what it’d be like for the task completers.
These three demographics have budgets and business problems to solve, can move quickly as individuals without a lot of bureaucratic process, generally understand crypto, and are often open to commercial experiments. Other people may also fit this category.
Please note that while sales can sometimes get a bad rap, the best sales is consultative, and solves a problem for the user. That's why we're asking you to refer a friend or colleague – or yourself – as a task sponsor, rather than reaching out to cold prospects. Basically, do not spam people, because if you do, you will disqualify yourself from a reward.
Your goal is to show a friend or colleague the 1729 site and a few tasks, and ask them whether they want to create a task to try it out. If they end up creating a task worth at least $1000, you will then receive $1000 in BTC. We don't have a set expiration date, but we will award up to five (5) prizes.
Once you have their consent, you should send an email to email@example.com that cc’s them with an introduction. That email serves as a timestamp; if multiple people refer the same sponsor, the first one to send a sponsor-approved intro email to firstname.lastname@example.org will receive the $1000, though we may give out honorary mention prizes at our discretion.
Note that if you want to help things along, you can follow the instructions in the previous post to create a draft task to show to your friend to get a sense of what can be done. This makes it more concrete; see Sequoia's content on the Templeton Compression.
If you've managed to find a task sponsor, please submit your email, your friend's email, an optional URL to your draft task, and any comments in the form below.