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[$1000 ATOMs] Build a reusable smart contract component
### Build a reusable smart contract component
### Prize Bounty
2 prizes x $500 in ATOMs
### Challenge Description
The Electronic Rights Transfer Protocol (ERTP) APIs simplify the creation and exchange of new digital assets, and the manipulation by smart contracts. Build a reusable smart contract and use it in a dapp.
Here are some ideas:
- Bonded obligation (if I don't pay X by time T, this value Y is forfeit)
- A system of derivatives as assets on underlying assets (see the covered call example)
- Auctions, including continuous, Dutch, and second-price with real secrecy on the bids
- Stock with dividends and voting
- A small NFT games example
There’s a longer list of idea seeds at https://github.com/Agoric/cross-chain-hackathon/wiki/Ideas-for-a-reusable-smart-contract-component. Contribute your own!
There are two ways to score higher: build a smart contract into a working dapp, and combine multiple smart contracts into a dapp.
**Working dapp**: includes an API and web/mobile frontend. For example, an exchange UI could showcase a derivative contract by using it for multiple different underlying assets (e.g., pegged currencies, NFTs, etc.)
**Combo**: includes multiple smart contracts which are combined to provide rich functionality. For example, an insurance dapp might have contracts for
- Processing a claim
- Making a claim within a bounded time (basically the policy)
- Purchasing a time-bounded contract
- Underwriting a money claim based on a risk metric
- The insurance dapp would put those simpler contracts together to support the insurance workflow.
Join our Keybase support channel **agoric.support#crosschain-hackathon**
### Submission Requirements
Demonstrate that a reusable smart contract component works in a dapp.
### Submission Deadline
May 11th, 23:59:59 UTC
### Judging Criteria
- All code must be open source
- A working demo is highly preferred
- Documentation is highly preferred
### Winner Announcement Date
May 18th, 2020
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