APT-Reels-fi is a platform designed for avid reel viewers, offering them the opportunity to place bets on the engagement of reels. If the engagement of a reel increases within a specified time frame, users can earn rewards based on their predictions.

Key Features

Here are the Reels-Fi features in point form:

• Monetize Your Existing Reels: Turn your current reels into revenue-generating content.
• Upload Custom Reels: Share and monetize your own custom-created reels.
• Invest in Favorite Creators' Reels: Place an investment amount on your favorite content creators' reels for a specific tenure.
• Withdraw Rewards: Redeem your earnings once the investment tenure is complete.
• Earn Reels-Fi Tokens: Gain Reels-Fi tokens through a "Refer and Earn" program.

Technical Architecture

TechStack

• Next.js
• Typescript
• Tailwind CSS
• Move Language
• Solidity
• Petra Wallet SDK

Challenges and Solution

• Inadequate Rewards for User Engagement
  • Problem: Despite contributing valuable content and engagement, users receive little to no tangible rewards for their participation on most social media platforms.
• Barrier to Monetization for Small Creators
  • Many small creators struggle to monetize their content effectively due to high entry barriers and the dominance of established influencers.
• Time and Effort Not Valued
  • Users spend significant time and effort creating and engaging with content but often feel that their contributions are undervalued.

Bounty Tracks Applied for and Deployed Contracts Link:

• 1. Polygon Amoy Deployment:
  
  • Reels-Fi : https://www.oklink.com/amoy/address/0x93073de0d67ecfbbc44321ef7e4d33bcf7f53b9a
  • USDC Tokens : https://www.oklink.com/amoy/address/0x41e94eb019c0762f9bfcf9fb1e58725bfb0e7582
• 2. Aptos Social Track:
  • Reels-Fi: https://explorer.aptoslabs.com/txn/86687535/changes?network=devnet
  • Checkout Transactions : https://explorer.aptoslabs.com/account/0x25e6d86a5a7083d9d61e40381e5238ab6d2e785825eba0183cebb6009483dab4?network=devnet
• 43. Edu Chain:
  • Platform Token : https://opencampus-codex.blockscout.com/address/0x6D4E4b9cEb5A92F5212c017187528bCd0c516965
  • Reels-Fi Contract : https://opencampus-codex.blockscout.com/address/0xBCab4ba549886e6BEF67d9f3d381a2710316F8CA
• 4. Wan Chain:
  • Platform Token : https://testnet.wanscan.org/token/0x6d4e4b9ceb5a92f5212c017187528bcd0c516965
  • Reels-Fi Contract : https://testnet.wanscan.org/address/0xBCab4ba549886e6BEF67d9f3d381a2710316F8CA
• 5. Core Dao Social Track:
  • Platform Token : https://scan.test.btcs.network/token/0x6d4e4b9ceb5a92f5212c017187528bcd0c516965
  • Reels-Fi Contract : https://scan.test.btcs.network/address/0xBCab4ba549886e6BEF67d9f3d381a2710316F8CA

Contract Functionality:

Function Name	Description	Parameters	Access Control
createPost(bool _wantToMonetizeThisPost)	Allows users to create a new post. Users can choose to monetize the post by setting the _wantToMonetizeThisPost parameter. Ensures users meet minimum requirements like paying creation fees before creating the post.	_wantToMonetizeThisPost: bool - Whether the post should be monetized.	Public
depositFunds(uint256 _amount, uint256 _postId)	Enables users to deposit funds into a specific post's monetization pool. The function updates the post's total amount and records deposit information such as locking duration.	_amount: uint256 - Amount to deposit. _postId: uint256 - ID of the post to deposit into.	Public
sellFunds(uint256 _postId, uint256 _depositID, uint256 _amount, uint256 _likes, uint256 _views, uint256 _shares, uint256 _followers)	Allows users to sell their investment in a post and retrieve funds. The function calculates rewards based on engagement metrics and transfers corresponding funds to the user's wallet.	_postId: uint256 - ID of the post. _depositID: uint256 - ID of the deposit. _amount: uint256 - Amount to sell. _likes: uint256 - Number of likes. _views: uint256 - Number of views. _shares: uint256 - Number of shares. _followers: uint256 - Number of followers.	Public
_calculateEngagementRate(uint256 likes, uint256 shares, uint256 views, uint256 followers)	Calculates the engagement rate of a post based on various metrics, crucial for revenue calculation and user rewards.	likes: uint256 - Number of likes. shares: uint256 - Number of shares. views: uint256 - Number of views. followers: uint256 - Number of followers.	Internal
_updateEngagement(uint256 fixedExpenses, uint256 newLikes, uint256 newShares, uint256 newViews, uint256 newFollowers)	Updates engagement metrics and revenue generated by a post, considering fixed expenses and new engagement data.	fixedExpenses: uint256 - Fixed expenses like creation fees. newLikes: uint256 - New likes. newShares: uint256 - New shares. newViews: uint256 - New views. newFollowers: uint256 - New followers.	Internal
_calculateRevenue(uint256 likes, uint256 shares, uint256 views, uint256 followers)	Calculates the revenue generated by a post based on engagement metrics, influencing user rewards and monetization distribution.	likes: uint256 - Number of likes. shares: uint256 - Number of shares. views: uint256 - Number of views. followers: uint256 - Number of followers.	Internal
getUserDeposits(address _user)	Retrieves information about a user's deposits, returning an array of Deposit structs with details such as deposited amount, locking duration, and post ID.	_user: address - Address of the user whose deposits are being queried.	Public

Platform UI