We are fully funded - thank you to all those that supported our CCS proposal! Right now we are working hard to get the show on the road. If you want to see where we are at, read our blog and check our GitHub Repo.
What is tipxmr.live?
Tipxmr.live is a service that allows streamers to accept and display Monero dontations in their livestreams. It is platform agnostic, since it integrates directly with OBS. The service is non-custodial, meaning that the streamer is the only one who is able to see and spend their XMR.
Our CCS Proposal
Tipxmr.live aims to be a non-custodial service for streamers to accept and display Monero donations in their livestreams. Much like the existing solutions, this allows for an interactive experience for viewers and an easy way to monetize for the streamer. For this we use a browser based Monero WASM wallet and OBS.
The Problem we want to solve
Censorship on the internet is an ongoing issue. Big platforms like YouTube and Twitch wield godlike power when it comes to their users. Not only do they impose barriers to entry, they also deplatform at whim and destroy years of work take away steady income streams. Content creators either have to conform and self censor or change their occupation. Furthermore, streaming platforms take big chunks of the streamers income, for example Twitch Bits. Some platforms take as much as 40% of the streamers donations (Chaturbate).
Tipxmr.live fixes this.
Advantages of our solution
With tipxmr.live we enable streamers to receive income independent of a given platform. For this we employ Monero natively in the browser. Donors send XMR directly to the streamer without tipxmr.live as a custodian. Being build upon the Monero project, we inherit many benefits of the privacy coin we all love. Streamers are not required to have access to the banking system, all they need is provided for free on the internet (i.e. Monero and OBS). Moreover, streamers do not have to hand over personal information such as location, real identity and more. This opens the door for marginalized groups to receive income, even if the doors to the tradional system is barred.
Who we are
We are two Monero enthusiasts that have been following the project since the beginning of 2017. Our values are privacy, sound money and individual sovereignty. Crypto in general and Monero in particular fulfill these values and are the tool of the future.
In the beginning of 2018 we created the MoneroMumble Podcast, a german-speaking, monthly podcast/roundtable to inform and engage the German community about developments concerning Monero. The roundtables take place on the second Sunday of every month on Jitsi and are livestreamed to YouTube.
It was in this setting that the idea of a livestream donation program based on Monero was born. Tipxmr.live is therefore aiming to fulfill our need and we are our own customers.
Grischa, aka hundehausen, has contributed many times to the Monero community, most recently with an infographic about the workings of a Monero wallet. Grischa also wrote his bachelor thesis on the thought of “Monero as a currency for the masses” (thesis in German).
Alex, aka AlexAnarcho, has been involved in the early days of the Monero Outreach and is a well-known outspoken advocate for Monero in the German community. Alex has been working for various cryptocurrency magazines such as the BeInCrypto and BTC-ECHO. In August he quit his full-time job at BeInCrypto to dedicate himself to tipxmr.live.
mghny - who chooses to remain pseudonymous - has been a professional software-engineer for 5 years and has been coding for 8 years. They have been involved with tipxmr.live since the very beginning and keeps an eye on architecture, code and many more technical aspects. It cannot be overstated how beneficial an experienced engineer is in a project like ours, since it reduces complexity and makes the code easily reusable by other developers.
What is your project
Since our original idea and prototype, the implementation has significantly evolved. The most obvious issue with the prototype was that it required a broad technical understanding. You can try it out by cloning the repo and seeing first-hand how cumbersome this process is. After cloning the repo you have to set up either a VPS or self-host and use portforwarding. Then you have to install monero, run an RPC, buy a domain, issue a SSL-certificate and so forth. In short, a process that no ordinary person would go through. But we don’t want to be the only people enjoying the benefits of Monero. We want to make it accessible to everybody - even non techy people. Therefore we went back to the drawing board and came up with a way that is intuitive yet non-custodial and as safe as possible. The current vision only requires OBS, which is not only the biggest streaming software but also open source. In this we are platform agnostic and our users can use YouTube, Twitch, any other streaming platform or even host the stream themselves.
How it works
For donors the whole process is very easy as well: The streamer simply displays his donation URL (tipxmr.live/$username). Depending on the streamers configuration a donor can enter a message and their name. Once they hit “submit” the donors browser will query the streamers browser over our backend for a subaddress. Once the subaddress is payed the animation site of the streamer is refreshed and the message is displayed.
Donors are shown the subaddress with XMR URI and the corresponding QR code to pay either via desktop or mobile wallet.
Donations are accepted on a 0-conf basis, meaning they will be queued up to display once they are seen in the mempool.
It is surprising how easy paying with Monero actually is. Much easier than paying with PayPal or a bank. Also, way more private and cheaper.
Other awesome stuff
Since monero is an internet-based technology, there are many cool things we can do. Here is a few thoughts:
- allow the streamer to specify a “second price”. I.e. if the second costs 0.00043 XMR the donor can select how many seconds he wants his message to stay visible and then will be given a specific amount of XMR to donate
- allow the streamer to set a cost per character in the message, same procedure as with the second price for the donor
- upload custom sounds to be played when receiving a message
- allow donors to send gifs with their message, and demand a minimum amount for this feature from the donor
- have a funding goal that gets added to with every donation
- and much more…
How our projects benefits the Monero community
- Tipxmr.live strives to give one more usecase to Monero and do so natively without having to use another cryptocurrency.
- We enable streamers to earn XMR - the best way to aquire Monero. Furthermore, like Dr. Daniel Kim always talks about tipxmr.live is a usecase for the squeaqy clean guy. In short a way to use Monero that has nothing to do with illegal activity. This lends legitimacy to Monero as a medium of exchange and gives one more example in the narrative for our fight to privacy.
- Community led streams such as Monero Coffee Chat, Monero Space, Monero Mumble and many more will have an easy way to monetize to cover costs and increase enagement from the community.
- Monero has low fees and pretty good privacy. However, the privacy increases with every transaction on the blockchain and makes a blackball attack much harder. Since all our donations are on-chain, we increase the number of decoys for everybody. Notice that we as a service do not store any on-chain information such as TX-Id. Don’t believe us? Check the code.
- All of our code is open source, of course. This means that you do not have to use tipxmr.live, you can fork the repo and setup your own service. We also encourage everybody to look through the codebase and raise issues when needed.
- To sum it up, we increase the possiblities in the Monero universe for streamers, average users and developers.
What has been done so far
Since we are very passionate about Monero and the idea, we already have a GitHub repo with some code in it. We started on this late August 2020 and have been working on it full time (70-80 hours per week in total). We can see that there is still much work to be done and in order to get some feedback and support ourselves we turn to the Community Crowdfunding System.
What we ask for
We ask for 50 XMR in total to be split among the two of us. So far we have invested approximately 200 hours, which at a conservative rate of 20 EUR/h equals 4000 EUR. We estimate that it will take us another 200 hours to complete the minimum viable product.
At the current price of XMR at about 90 USD 72 XMR is 4500 USD - converted to EUR approx. 3800 EUR. Our ask price is about half of the actual cost. This is because we really love the Monero project and want to see it grow and evolve.
The third milestone is when the project is finished and the service will officially launch. This will happen within the year 2020.
We will also provide a server to host the website, our own full node and proxy to solve to CORS issue.
We also contemplate expanding on tipxmr.live and generating income that way. But please keep in mind that we are 100% open source and anybody can copy our idea and hard work.
To be absolutely clear: Tipxmr.live will be a paid service! We host the website and allow streamers to have a comfortable experience in recieving live donations. To cover costs and to protect against spam of accounts, we will charge a small, flat fee (probably 1 USD worth of XMR per month) for our base model. From our experience with livestream donations this fee is negleable, since most streams will earn far more than the fee. We are also thinking of a higher fee for premium tier that allows for more customizations. The premium account will hopefully make our innovative business model sustainable and keep us improving the project.