DevScore is a function of previous project KPIs

The DevScore KPI will use relevant input parameters from data oracles and wallet-verified project details from developers. The Cinnamoon team will define the relevant input parameters based on its experience in the space and the involvement of its community. This GitBook is a living documentation for DevTool© and its underlying use cases. As such we welcome views and ask our community and interested parties to give us feedback on the following selected and currently defined input parameters:

• Project name

• Ticker

• Contract address

• Status

• Uptime

• Has liquidity

• Liquidity lock

• All-time high

• Highest market cap

• ...

The final algorithm will have more than these input parameters. The goal is to maximize the efficiency of the KPI thanks to relevant input data. The Cinnamoon team will test and calibrate the formula until DevScore reflects the performance of developers adequately.

A new key performance indicator for DeFi

How does it feel to blindly follow FOMO masses and invest your hard-earned money in projects that have been launched on a decentralized exchange (DEX)? What's the probability of being "scammed" by the deployer of the smart contract that has an underlying liquidity pool from which you bought the token?

The beauty of crypto is that anybody around the world at any point in time can issue a token on a DEX and anyone can invest in that token. There are no limits to getting funding, and it was never easier to get funding frankly. To answer both questions: 1) It doesn't feel good to invest blindly and "hope" for the best. 2) The odds to run into a scam are pretty high - Cinnamoon estimates it to be at 70% by blindly investing in all projects being launched on a DEX within 24 hours. What if there is a way to 1) have stronger confidence in investing thanks to an on-chain-based key performance indicator (KPI), 2) reduce the probability of being scammed because malicious developers can't prove their quality and good intentions.

DevScore rates the quality of developers

DevScore is a KPI that is calculated by using on-chain-based data. It is a data-driven rating that assesses the quality of a developer on a 100-point scale. Many input parameters from data oracles are being used to calculate the score. Investors can put a lower "investment threshold" on the DevScore and inform their investment decision. We expect investors to require a minimum DevScore for DeFi projects before developers are issuing their tokens. This is a market-based solution and a win:win for developers and buyers:

Legit developers increase their odds to receive even higher funding because they can prove their skills (no lemon market for tokens anymore), while investors have confidence that the developers have shown a strong performance in previous projects.

The DevScore algorithm is not only fed by data oracles. Developers can decide which projects to link to DevTool© and then need to verify through their deployer wallet of previous projects that these projects have been launched by themselves. It is therefore impossible to manipulate DevTool© and the algorithm of DevScore by falsely claiming that successful projects belong to them. What's more, the DevScore algorithm will consider different parameters, including the number of projects launched in the past, that increases the score (higher being better). Developers could simply hide and not link previous projects, however, this would reduce the odds of reaching the minimum required DevScore that investors would like to see before investing.

Cinnamoon clearly expects that incentives for developers to perform well on projects to receive a higher DevScore, and investors' requirements to show a minimum proof of skill, will lead to an equilibrium DevScore in the DeFi market that would indicate a minimum developer quality, e.g. a DevScore of 51 could be indicative of a solid developer, while anything lower might indicate a malicious actor. We think this equilibrium will increase capital allocation efficiency and attract more developers and investors into the DeFi space.

DevTool© is not going to be the only product. We will work on more solutions to reduce information gaps in DeFi as we grow.

Introduction

DeFi is still an emerging ecosystem with uncertainties characterized by known unknowns. There is no industry standard for valuation methodologies to assess the quality of a project and its underlying utility or governance token. This is in contrast to Traditional Finance (TradFi) which has well-established valuation models and tight regulatory standards that reduce uncertainties like market and valuation risks. DeFi is still in its infancy. Much can be formed and new norms can be defined.

Cinnamoon's vision is to become a key player in DeFi. By providing the right tools and relevant data, our goal is to inform the investment decisions of investors. By using on-chain-based data and a strict verification process through wallets, we aim to become a leading information platform for DeFi participants. Enabled by the skills of the project team who has ample experience in TradFi and DeFi, and accelerated by an enthusiastic community, the project targets a multi-million valuation in the future.

The self-reliance of Cinnamoon and independence from venture capital and other types of funding vehicles give the relevant freedom to the developers of the project to exclusively serve its community. DeFi exists to unleash the power of technology through smart solutions without interference and biased steering of centralized parties. Intersecting DeFi with the power of a meme community increases the odds of success significantly, in our view.

DeFi is a powerful idea...

The value of DeFi protocols has increased remarkably in the last 5 years. Projects on permissionless blockchains like Ethereum and BNB Chain attracted many retail investors and the total value locked in DeFi contracts reached triple-digits billions. The use case of DeFi - decentralized, autonomous, and immutable smart contracts for financial solutions - is immense. Traditional finance, start-ups, and regulators are all forming their opinions with mixed views reaching from DeFi being a part of the "unregulated shadow banking system" (mostly regulatory view) to DeFi being the future of finance (mostly entrepreneur view). We think DeFi is here to stay. However, DeFi's biggest strength is also its biggest weakness: Decentralization.

...but exploiting decentralization can kill it

While there are many new types of risks emerging from DeFi, e.g. smart contract risks, oracle risks, and governance risks, we think the biggest risk is the misuse of decentralization. Projects purportedly classified as decentralized can exploit the very nature of DeFi when malicious developers are pushing a few buttons. We have all seen it more than once, developers pulling the liquidity immediately after the launch of a token, or them just tricking investors through newly minted tokens to their own wallets or running away with collected taxes and stopping the work. Investors have no chance to know whether a developer is acting with good or bad intentions ex-ante.

The information asymmetry between anonymous developers and investors is elevated in DeFi. The developer is clearly the winner of this state of asymmetry. This is similar to the well-known lemons problem in economics (https://en.wikipedia.org/wiki/The_Market_for_Lemons), where the seller of a used car always knows more about the quality of the car than a potential buyer. Information mismatches are a key problem in such markets such that investors cannot distinguish between scammers and legit developers. The result is that investors are hesitant or do not invest at all in legit projects, reducing the efficient use of capital.

We think it is the biggest existential threat to DeFi if there is no trust in any project anymore. Investors would simply stop to invest in fear of total loss and legit developers would halt their work that could have otherwise led to financial innovations.

DevTool© will operate under an issuer-paid model. Issuers of tokens (in most cases developers) have to pay to access the analysis tool while investors have free access to the platform. We think $CIMO holders will benefit from this model thanks to its income generation that will be used for buybacks and/or liquidity pool contributions. The main reason why we have chosen the issuer-paid model, however, is that we want to have a full acceptance of investors and a wide reach of DevTool©.

Issuer/developer using DevTool©

Developers have to pay a small $ETH amount to get a DevScore. They will receive an NFT as proof of skill once the DevScore is calculated. We expect to have premium features for holders of $CIMO such that developers can benefit from more products (e.g. marketing, advisory, project support).

Investors using DevTool©

Investors have free access to the analysis tool in order to have a wide reach of DevTool©. Investors can look at the DevScores of developers for any of the projects that have signed to the platform. We expect to have premium features for holders of $CIMO such that investors can benefit from exclusive access to new solutions in the future.

DevTool© is not going to be the only product. We will work on more solutions to reduce information gaps in DeFi as we grow.

We will have alpha and beta testing once the DevTool© dApp and the DevScore algorithm are ready for it. The Cinnamoon team expects testing during 2022 and a release of the product thereafter.

As we are progressing and coming closer to a release date of DevTool©, partnerships with other DeFi intelligence providers will be sought. We think some relevant and well-known analysis platforms like Dextools, Coingecko, Coinmarketcap, and Chainanalysis - to name a few - might be interested in our solutions. Imagine, for example, Chainanalysis pulling our DevScores to estimate the quality of developers of DeFi project over time in order to assess the value of DeFi and report publicly on it.

Each of the Cinnamoon team members has a different background from computer engineering to traditional finance to digital art. All of them share a multi-year experience in crypto and the common view that DeFi is here to stay.

However, having been trading in recent years showed them one thing: crypto assets are the riskiest assets out there, particularly those being traded through a DEX and not on exchanges (CEX), where team KYC is required (at least for a top CEX). While the risk-adjusted return of crypto assets is maybe higher than traditional stocks and fixed income assets, there is a risk of total loss because of malicious actors. Developers have become smarter over time and continue to find new ways to scam investors. It would be a lie to say that none of the team members has been scammed so far.

The team found each other online by being involved in many projects and are connected also in real life thanks to their passion for crypto. Making crypto a better place to invest is their common goal. The Cinnamoon team wants to achieve that together with its community - let's make DeFi a fairer marketplace where anyone can invest without a mental breakdown. Our vision reflects exactly this.

On-chain-based performance tool

DevTool© is an analysis platform that allows investors to shed light on the quality of developers. The Cinnamoon team is building a platform that allows issuers of a token (developers) and investors of that token to connect seamlessly through a decentralized application (dApp). For developers to use the platform and provide information about previous projects in order to be assessed/rated, a connection to the dApp through a web3 wallet is required. This guarantees that on-chain-based data linked to the developer/deployer wallet is used to assess the quality of the developer.

Investors can take comfort from this as data on the blockchain is immutable and any assessment through DevTool© cannot be manipulated. The Cinnamoon team plans to get copyright protection for DevTool© once we have finalized the dApp and defined the product results, e.g. a DevReport with different indicators evaluating the developer in question.

One important aspect is that our solution will not doxx developers. They remain pseudonymous with their wallets and anonymous in real life. However, they can prove their quality and skills by verifying previous projects being deployed from their wallets.

Ample use cases for DevTool© in the future

The Cinnamoon team starts with key performance indicators (KPI) as the first output from DevTool©. The current focus is on DevScore, a KPI or rating to assess the quality of developers. Many more use cases will be defined for DevTool©. Considering that our vision is to reduce information problems in the DeFi space, the platform can also be used to find skilled developers in the space. As such, it can act as a hiring platform for project founders who are seeking experienced developers. The tool will reveal the performance of developers such that it simplifies the seeking process for project founders in need of talented smart contract developers. It can be compared to LinkedIn, which is a professional online platform that is regularly used to find talents in TradFi. DevTool© can evolve into the LinkedIn of blockchain on that aspect, with an exclusive focus on developers.

More use cases will be defined as Cinnamoon grows, but the key goal remains: provide essential intelligence to DeFi through DevTool© that removes information gaps between developers and investors.

Simplified DevScore formula

DevScore derives its numeric rating from an algorithm fed by on-chain-based data. It is calibrated to maximize the robustness of the metric. The following simplified formula represents the algorithm that will be coded in DevTool©:

with

​and

• j = DevScore of developer j

• t = metric at time t

• f(X) = value of input parameter of previous project i

• w = weight of input parameter of previous project i

• d = dummy variable if certain conditions fulfilled (0 or 1)

This is a simplified formula to avoid that other projects can simply replicate our algorithm. Even if there would be attempts to steal our work, we doubt that other projects would be able to release DevTool© as we intend to do. The true algorithm is still work in progress and has more considerations than a simple summation of underlying parameters.

That said, the DevScore is basically a function of a number of relevant input parameters of previous projects of the developers that are having different pre-defined weight factors and dummy variables penalizing for (negative) binary outcomes.

PLEASE READ THE ENTIRETY OF THIS "LEGAL DISCLAIMER" SECTION CAREFULLY. NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS, OR TAX ADVICE AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX, OR OTHER PROFESSIONAL ADVISOR(S) BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER CINNAMOON (THE COMPANY), ANY OF THE PROJECT TEAM MEMBERS WHO HAVE WORKED ON CINNAMOON OR PROJECT TO DEVELOP THE COMPANY IN ANY WAY WHATSOEVER, ANY DISTRIBUTOR/VENDOR OF $CIMO TOKENS (THE DISTRIBUTOR), NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THIS GITBOOK, THE WEBSITE AT HTTPS://WWW.CINNAMOON.CC/ OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED BY THE COMPANY.

GitBook Documentation: Nothing in the GitBook or the Website constitutes any offer by the Company, the Distributor, or the Cinnamoon team to sell any $CIMO nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision. Nothing contained in the GitBook or the Website is or may be relied upon as a promise, representation, or undertaking as to the future performance of the company. The agreement between the Distributor (or any third party) and you, in relation to any distribution or transfer of $CIMO, is to be governed only by the separate terms and conditions of such agreement.

Past performance is not necessarily indicative of future results. Past performance is no guarantee of future returns and there is no guarantee that the market price of coins will fully reflect their underlying net asset value. Prices fluctuate and tokens can be lost easily due to digital mishaps and other technical forms of theft even though security above all else is our top priority incidents may occur.

Cinnamoon’s GitBook and the website are intended for general informational purposes only and do not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, or any offer to sell any product, item, or asset (whether digital or otherwise). The information herein may not be exhaustive and does not imply any elements of a contractual relationship. There is no assurance as to the accuracy or completeness of such information and no representation, warranty, or undertaking is or purported to be provided as to the accuracy or completeness of such information.

Where the GitBook or the website includes information that has been obtained from third-party sources, the Company, the Distributor, their respective affiliates, and/or the Cinnamoon team have not independently verified the accuracy or completeness of such information. Further, you acknowledge that circumstances may change and that the GitBook or the website may become outdated as a result; and neither the Company nor the Distributor is under any obligation to update or correct this document in connection therewith. Cinnamoon is a fully and completely decentralized and community-driven project and does not have owners, directors, managers, agents, advisors, consultants, or entities exerting any form of governance. The Cinnamoon smart contract is open-source, security audited, permanent, and immutable in any way. The $CIMO token is strictly a utility token in all jurisdictions and is not and cannot be considered to be a “security” or otherwise regulated token of any kind.

$CIMO is not in any way e-money and/or fiat money, or an asset-backed stablecoin, whether global or limited in scope. The user hereby acknowledges and accepts that there is an inherently high risk in accessing, acquiring or using any kind of blockchain and/or cryptosystem, token, platform, software or interface, including $CIMO, and further disavows any claim of any kind against any community member directly or indirectly involved with Cinnamoon, for any damage suffered, including total loss.

The Cinnamon team has ample experience in the crypto space and saw multiple crypto winters to gauge the importance of certain events. The project team has contributed to and worked with many DeFi protocols and popular meme coins in different areas: e.g., smart contract development, marketing strategy, and more. Our digital designer has experience as a team member of multiple NFT projects and enjoyed the ride during the NFT summer of 2021.

The Cinnamoon team is still part of these projects. As such, it has a big network of crypto enthusiasts from all angles of the ecosystem. Because of its ample experience, one of Cinnamoon’s utilities is what it calls “Developer-as-a-Service”. The developer together with the rest of the project team will make use of its network to the benefit of the token and will serve its community.

Find a summary of the current team composition here.

While the current core team has ample experience from TradFi and DeFi projects, it aims to grow with its team in the future. As the project grows more people and skills are needed. We will inform our community about open positions to be filled with new team members.