In the context of the ongoing incubation program “Decentralize Impact”, we aim to allocate its goals into the goals of Cardano’s project Catalyst as to dedicate resources and energy to promote Cardano throughout the phases unfolding. More specifically, the program aims to create a new mindset, to set the foundation for a new perception of governance and entrepreneurship based on decentralization and to empower the existing ecosystem, currently operating in Tunisia, while building the tools and infrastructure to replicate it in North Africa. This is a pioneer decentralized experience in North Africa for all stakeholders of the program (students, developers, entrepreneurs, mentors, investors, fund-seekers,…) by which we aim to initiate the DNA of an autonomous fully-decentralized ecosystem supported by a community that is constantly aware of decentralization and its effect on every project and business process.
By the end of the program, we aim to guide at least 3 teams of participants to put their business ideas into a realizable and scalable business model and guide them to find the proper investment through decentralized funding guiding them to the new model of the digital economy, and thus to numerous opportunities for business and technical development.
The program constitutes a stepping stone for the emergence of a decentralized ecosystem in the region. It aims to have an impact by giving big attention to the community-growth side, empowering it with keys and tools to be fairly governed and autonomous in the future. With such a foundation, the local ecosystem could evolve in a sustainable way.
To concretize the desired outcome, the methodology by which the program unfolds:
Sourcing phase:
This phase will be focused on creating interest around the project and marketing it to the local blockchain community. This will be achieved through various tools such as teaser videos, educational videos and events aiming to create community growth.
During the sourcing phase, the community will be incentivized to contribute to the program success and get rewarded through a tokenization process. By the end of the sourcing phase, one or more hackathons will be organized by Dar Blockchain in which the winning teams will qualify for the catalyst program.
Catalyst phase:
In this phase, we mainly focus on building the infrastructure of decentralized governance entities for the community in the form of a decentralized autonomous organization (DAO). Then, hosting teams with blockchain related ideas.
We will provide the teams with a nest to mature their ideas from a business point of view as well as technical feasibility and involve the community in the selection phase using a voting system. Community involvement is rewarded by the token.
Incubation phase:
In this phase, we will incubate 6 to 8 projects that have been voted on via the DAO. Incubation is a training and mentoring program that aims to help participants create advanced proof of concept, strengthen their community, gain access to industry experts, and confirm utility as a product market fit solution. Experts and mentors are evaluated by the teams, and rewarded by the community token.
Funding phase:
Incubated teams set a soft cap and hard cap for their funding needs. The program delegates the decision making of fund allocation to the community. Based on the following token distribution percentage, the community stakes their tokens to their chosen projects: 50% to the engaged community rewards, 20% to the experts and mentors, and 30% to the program partners.
The projects that reach their Soft cap, are funded.
Risks:
Regulatory framework in certain blockchain use case
Lack of understanding of technology reduces confidence among participants
Ability to bring together a community on the DAO
Scalability of supported projects
Conversion toward decentralized decision making methods
Maturity of early Dapp users
Summer and holidays impact on project adoption
Mitigation Measures:
Integrate legal support
Educational videos and trainings
Community growth and management
Expert support
DAO implementation and testing
Partnerships with international blockchains
Adapting the calendar