## <center><span style="color:#4D4DFF;">Welcome to Hack The Bus!!</span></center>


🚐 **Hack the Bus** is hitting the road at ETH Denver 2025, and you’re invited to be part of an exclusive adventure combining innovation, community, and rewards!

#### Here’s how it works:
1. :clipboard: <span style=color:lightgreen;>**Get Onboard**: Step into the “Hack the Bus” shuttle—your mobile hub for quick, fun, and creative challenges on the move!
2. :dog: <span style=color:gold>**Complete Challenges**: We want to set up a series of timed challenges, each tailored to push your creative problem-solving and blockchain know-how to the next level.
3. :dollar: <span style="color:lightblue;">**Earn Rewards**: With each challenge, you earn unique rewards, giveaways, and exclusive experiences that only Hack the Bus riders can access!

Whether you're in for the tech or just for the ride, this experience brings ETH Denver to life with every mile. Join us, make memories, and see if you have what it takes to hack the ride of your life!


### Event Info

- Event: EthDenver 2025
- Location: Denver, Colorado
- Date: February 20 - March 6, 2025
- Vehicle Booked: Executive Motorcoach w/ Starlink
- Hours Booked: 336 Hours

## EthDenver SporkDao Proposal [link to chat](https://discord.com/channels/541487144884240436/1306477673878519870/1306935824125788210)

Here’s a refined structure to integrate ETHDenver's stake in the event transportation or vehicle, using a holding company under Modal Booking and leveraging Stripe for transactions:

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### **[Proposed Structure](https://hackmd.io/@VerseM/Sy_UmcIfyl)**

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### **Ownership and Operational Flow**

1. **ETHDenver Holdings Company Setup**:
- ETHDenver establishes a holdings company under Modal Booking.
- This holdings company owns **100% of the vehicle** initially as the financing entity.

2. **Operational Control via Modal Booking**:
- Modal Booking leases the vehicle from the ETHDenver holdings company and allocates operators to manage transportation and bookings.
- Modal Booking handles day-to-day operations, including event staging, bookings, and driver management.

3. **Revenue Allocation**:
- All booking revenue flows through Modal Booking.
- A portion of revenue is allocated to:
- **Loan Repayment**: Principal + 10% ROI to ETHDenver holdings.
- **Operational Costs**: Driver/operator wages, maintenance, insurance.
- **Modal Booking Management Fees** (optional): For managing bookings and logistics.

4. **Debt Repayment and Asset Transfer**:
- Once the loan is fully repaid, including the agreed 10% ROI to ETHDenver holdings, the vehicle's title is transferred to Modal Booking.
- Modal Booking assumes full ownership of the vehicle while continuing its leasing model for ongoing operations.

---

### **Advantages of This Model**

1. **ETHDenver Benefits**:
- Full ownership during the repayment period allows ETHDenver to control the asset and use it for event-specific needs like ETHDenver transportation.
- Secure ROI from the vehicle's use, ensuring profitability before transferring ownership.

2. **Modal Booking Benefits**:
- Operational control without upfront capital investment.
- Builds reputation and revenue streams through consistent vehicle utilization at hackathons and other events.

3. **Lender Confidence**:
- Clear structure for repayment ensures all parties are aligned.
- ETHDenver’s 100% ownership during the loan period reduces lender risk.

4. **Post-Transfer Scalability**:
- Once the asset transfers to Modal Booking, it can serve as collateral for future loans, supporting expansion into additional vehicles or venues.

---

### **Points to Consider**
- **Governance and Agreements**:
- Define ETHDenver holdings' rights and Modal Booking’s responsibilities in a formal operating agreement.
- Specify the repayment timeline and conditions for the asset transfer.

- **[Lease Terms:](https://hackmd.io/@VerseM/SyC9mcLGJl)**
- Modal Booking should pay a lease fee to ETHDenver holdings, structured to include operational costs and the agreed loan repayment amounts.

- **End-of-Term Options**: [ ](https://discord.com/channels/@me/1160332363633541302/1312891454070460529)
- ETHDenver holdings might negotiate a profit-sharing mechanism with Modal Booking for bookings made after the transfer, ensuring ongoing value alignment.

https://docs.idena.io/docs/wp/technology

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This structure balances ETHDenver's initial ownership with Modal Booking's operational strengths, creating a pathway for a smooth asset transfer while maintaining all parties' financial interests. Would you like assistance drafting the operating agreement or financial models for this setup?
4. **Incentives for ETHDenver**:
- Exclusive branding opportunities on the vehicle during hackathons or ETHDenver-related events.
- Early access to booking schedules, ensuring alignment with ETHDenver's programming calendar.

---

### **Technology & Transparency**
- Utilize Stripe for seamless booking, payout tracking, and automated revenue sharing.
- Employ smart contracts to manage revenue allocation, ensuring all stakeholders (Modal Booking, ETHDenver, and lenders) have visibility into repayments and earnings.

---

### **Advantages**
- **ETHDenver Value**: Gains operational control over a valuable transportation asset aligned with its community goals.
- **Modal Booking Growth**: Builds a consistent booking stream from hackathon events, increasing visibility and trust in the platform.
- **Lender Confidence**: Clear repayment channels and shared asset management reduce risk.

Would you like assistance drafting a legal framework or designing a detailed financial model for this structure?

---

**Hackathon Proposal: "Hack the Bus" – Road to ETHDenver**

**Objective:** Our goal is to create a unique, mobile hackathon experience called **"Hack the Bus"** that engages the community en route to ETHDenver 2025 and on-site. This initiative combines exclusive, collaborative challenges with ETHDenver's spirit of innovation, bringing hackers together from across the country in a fully equipped mobile hackathon space.

**Overview:**

- **Vehicle Lease Cost:** $30,000 (3 months)
- **Exclusive Rights Duration:** Up to 18 months, providing long-term access to leverage this mobile hackathon concept for future events.
- **Purpose:** To foster innovation, community engagement, and collaborative challenges with participants, partners, and collaborators.

**Concept Details:**

- **"Hack the Bus" Journey to ETHDenver:** We’ll travel from Dallas, Texas, to ETHDenver with planned stops at key locations to engage local communities, onboard participants, and start the hackathon experience before we even reach Denver.
- **On-Board Challenges:** Throughout the journey, we will host hackathon-style challenges, allowing participants to begin creating and collaborating as they travel. This unique format will encourage brainstorming and prototyping across diverse groups, ultimately leading to high-impact projects by the time we arrive.
- **ETHDenver On-Site Challenges:** At ETHDenver, the "Hack the Bus" vehicle will serve as a creative hub, where participants can join timed challenges, collaborate with other teams, and engage in cross-disciplinary projects focused on blockchain, decentralized applications, and other themes central to ETHDenver.
- **Outside Collaboration:** We envision collaboration with other ETHDenver attendees, allowing them to participate in challenges within the bus or contribute remotely. This collaborative element will enable a seamless integration with the ETHDenver experience and foster connections with a broader audience.

**Strategic Partnerships:** To amplify the impact of "Hack the Bus," we are strategically partnering with a select group of **brands, products, and industry influencers** whose values align with ETHDenver and our mission. These partners will contribute resources, mentorship, and exposure, enhancing the overall hackathon experience for participants. Together, we aim to create a memorable journey that celebrates the power of collaboration and innovation on the road to ETHDenver.

**Funding Request and Exclusive Collaboration Opportunity:** To make "Hack the Bus" a reality, we are seeking support from ETHDenver and SporkDAO to help fund the vehicle lease. In return, we would love to offer ETHDenver attendees and SporkDAO partial exclusivity of the vehicle for up to 18 months, enabling them to use it as a mobile innovation lab for future events, hackathons, and collaborations. This partnership would foster quicker development and wider community engagement, allowing ETHDenver and SporkDAO to continue the "Hack the Bus" legacy and extend the impact beyond this single event.

**Support Request:** To ensure this initiative’s success, we are requesting ETHDenver's support for:

1. **Event Integration:** Assistance in coordinating on-site positioning of the "Hack the Bus" vehicle and integration with ETHDenver’s schedule for visibility.
2. **Logistical Support:** Guidance and support to ensure smooth participation in ETHDenver, including any technical or organizational requirements.
3. **Promotion:** Help in promoting the "Hack the Bus" initiative to ETHDenver attendees and the broader community, to maximize engagement.
4. **Funding Support:** Assistance with funding the $30,000 vehicle lease, with the offer of partial exclusivity for up to 18 months as a collaborative development opportunity.

**Why This Matters:** "**Hack the Bus**" aligns with ETHDenver’s mission by creating a unique environment that promotes community-building and innovation. By partnering with ETHDenver, SporkDAO, and aligned brands, we can elevate the experience and foster rapid development and creativity. This hackathon will allow participants to push boundaries, collaborate with new minds, and create impactful solutions both on the road and at ETHDenver.

We are excited to bring this mobile hackathon to life and to collaborate with ETHDenver to make it a memorable experience. Please let us know how we can work together to enhance the event and provide an immersive journey that captures the essence of ETHDenver’s vision.

Contact: https://discord.gg/mR4TBPXx

[Modal Booking]()
[Modal Hub](https://docs.google.com/presentation/d/1C-WgJam7Xc_XiFU1MdQByT3FJCP7yKoH/edit?usp=drive_link&ouid=118116293356387311170&rtpof=true&sd=true)
[ModalMedia](https://docs.google.com/presentation/d/13Dqo3v8OsZnQRUYoYdBfydnlNUmlBgUz1I9lwwDbMTA/edit?usp=sharing)