SecretHacks
SecretHacks is a decentralized platform that eliminates popularity bias and the bandwagon effect in grants, hackathons, and community funding initiatives. By leveraging vote encryption through the Secret Network, SecretHacks ensures anonymous, secure, and unbiased voting, leading to fairer outcomes for all participants.
Problem
In many grant and hackathon systems, participants often vote based on popularity bias or follow the bandwagon effect, where projects with more visible support gain disproportionate attention. This results in skewed voting patterns and unfair competition. High-quality projects that not attract mass attention end up receiving less funding from the matching pool during Quadratic Voting/Funding, which unfairly limits their growth and potential impact.
Solution
- Quality-Based Voting: Allows participants to evaluate projects based on quality, removing the influence of popularity and social trends.
- Fair Funding Distribution: Guarantees that funding from the matching pool accurately reflects the true value of projects, free from biases.
- Anonymous and Secure Votes: Ensures votes are protected from the influence of popularity and social trends.
By encrypting votes across projects, SecretHacks creates a private, unbiased, and secure voting environment where the true quality of projects determines their success—not their popularity.
Key Features
- Cross-Chain Integration: Supports user participation from EVM and SEI chains through SecretPath, enabling seamless interaction and vote encryption on the Secret Network.
- SEI Compatibility: Integrated SEI's EVM-compatible testnet (atlantic-2) with WalletConnect, enabling compatibility with all other EVM chains, enhancing accessibility for users.
- Vote Encryption via Secret Network: Ensures complete privacy and security for voters, protecting voter anonymity and preventing vote tampering.
- Decentralized Infrastructure: Built on the Secret Network, SecretHacks ensures a tamper-proof, transparent voting system with secure encryption.
Benefits
- For Participants: SecretHacks allows participants to vote based on true project merit, with the confidence that their votes are anonymous and secure.
- For Projects: All projects receive fairer assessments and funding allocation based on their value, not their popularity.
- For Grant Organizers and Hackathons: SecretHacks delivers a secure, transparent voting system that ensures fairness and unbiased outcomes in fund allocation.