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Sounds good..Do u searching for a investor?

Similar app available but deposit of money is something crazy and it will help in revenue generation.... Unique...

No way u said that penalty will be levied if one wakes up late...users will get demotivated in an instant. In this generation any app should reward their users. Games work in this way- when a user passes a level the fight gets tough as well as the reward. Try making it into a game like app but with objectives Ex-level 1 wake up 1 hr early for 7 days Reward- token of appreciation like gold coins or something to make them feel rewarded Level 2 wake up 2 hrs early and excercise for next 10 days without fail Reward- another token of appreciation Like that you should set levels if you want your users to commit for good habits. Make it into a individual or group type task where you can add friends it would be more fun.Host meetings monthly so that users can express their views about all is changing them and also making them find new people via chats. All the best!

How can someone not trick this app?

relying on money penalties could backfire especially with students who may stop using it after losing a few bets waking up verification is tricky unless you have a strong foolproof system otherwise users can cheat the system building a real reward pool depends on a large active user base from day one which is tough to sustain scaling into other habits makes sense but each one will need its own unique logic not just a copy paste of the wake-up model