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Commit Club

Commit Club

Stake ETH on yourself. Make ETH when others fail.

14 followers

Stake ETH on yourself. Make ETH when others fail.

14 followers

Visit website
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.
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Company Info
commit.club
Commit Club Info
Launched in 2022View 1 launch
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p/commit-club
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Free
Launch tags:
Health & Fitness•Productivity•Web3
Launch Team
Edward SturmAlexander VilinskyyLeon Grapenthin

What do you think? …

Edward Sturm
Edward Sturm
Commit Club

Commit Club

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!
Report
3yr ago
John Brandy
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…
Report
3yr ago
Edward Sturm
Edward Sturm
Commit Club

Commit Club

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.
Report
3yr ago
Kristian Gerardsson
Kristian Gerardsson
Landen

Landen

How do you know if someone has succeeded or failed a challenge? 🤔
Report
3yr ago
Edward Sturm
Edward Sturm
Commit Club

Commit Club

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.
Report
3yr ago
Kristian Gerardsson
Kristian Gerardsson
Landen

Landen

@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
Report
3yr ago
Edward Sturm
Edward Sturm
Commit Club

Commit Club

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 :)
Report
3yr ago
Edward Sturm
Edward Sturm
Commit Club

Commit Club

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.
Report
3yr ago
Jon Astron
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
Report
3yr ago
Edward Sturm
Edward Sturm
Commit Club

Commit Club

Maker
@crypto_bluster Hodl challenge! - Love this
Report
3yr ago
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