completed

Establish Center for Coin Liberty

$40,000.00 Received
$40,000.00 Requested
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Community Review Results (1 reviewers)
Addresses Challenge
Feasibility
Auditability
Solution

Use Cardano's evidence-based methods and research to create constant and continuous public engagement to shape legislation for adoption.

Problem:

How do we secure favorable regulation with continuous advocacy and vigilance in mainstream policy discussion in Ghana?

Yes Votes:
₳ 54,084,910
No Votes:
₳ 2,773,080
Votes Cast:
249

This proposal was approved and funded by the Cardano Community via Project F8: Lobbying for favorable legislation Catalyst funding round.

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[IMPACT]

DETAILED PLAN

FIRST STEP – ESTABLISH THE CENTER FOR COIN LIBERTY

The solution is to establish the Center for Coin Liberty with a think tank in Ghana for constant and continuous public engagement to shape legislation and provide innovative policy alternatives using Cardano’s peer-reviewed research and developed through evidence-based methods. The center once established would help to provide continuous engagement within the public policy space by educating the populists and shaping legislation.

To lobby, there is a need to build a reputable voice with huge influence within the mainstream public policy discussions in Ghana. To do this, we seek to establish a Center with an existing and reputable think tank or civil society organization to constantly contribute to policy discourse related to crypto regulations and provide innovative policy alternatives for adoption.

The Institute for Liberty and Policy Innovation (ILAPI) is a secured partner that has welcomed and would give the center the mainstream public policy entry point and the opportunity to run the Center. The Center is dubbed Center for Coin Liberty and the partnership with ILAPI (existing think tank in Ghana) would be a great step to establish a lasting and reputable advocacy voice for cryptocurrency and projecting the vision of Cardano in Africa with Ghana as the starting point.

Cardano - Africa Goal; Ghana As A Gate Way

The idea for crypto adoption by various governments in Africa can actualize by leveraging on the political influence of Ghana within SubSahara Africa. Ghana is the first African country to gain independence and maintain such political influence to assist neighboring countries to gain independence. As mentioned in the words of Dr. Kwame Nkrumah, Ghana’s first president, ‘the independence of Ghana is meaningless until it is linked to the total liberation of Africa’. Ghana is judged by many as the gateway of Africa. Also, a stable democracy and a high level of freedom in Ghana, create the space for discussion of a wide range of activities and ideas, though some may not have legal backing, there is always the freedom to discuss, and build quality engagement for cryptocurrency in the future.

Therefore, establishing the Center for Coin Liberty with an existing Think Tank is a key way to building a strong mainstream presence within the public policy space in Ghana and beyond.

SECOND STEP – BUILDING CREDIBILITY FOR PUBLIC POLICY DISCOURSE

The establishment and running of the Center for Coin Liberty need to be built on credibility. With the low popularity of cryptocurrency and the quick-to-sanction approach adopted by most governments in Africa of which Ghana is not different, credibility is important to build influence for policy discourse. We seek to build credibility by running the center at Institute for Liberty and Policy Innovation (ILAPI). We have an advanced partnership agreement that would allow us to operate as a center at ILAPI to add and build credibility and mainstream entry for public policy discourse. The leverage gained with ILAPI would be helpful for easy partnership and collaborations with other organizations and non-profits with a focus on reducing taxes and lobbying for legislation that promotes innovations.

Why the Institute for Liberty and Policy Innovation (ILAPI)

The Institute for Liberty and Policy Innovation (ILAPI) is an award-winning policy Think Tank. ILAPI won the 2017 maiden Africa Think Tank Shark Tank in South Africa and for the second time got nominated for the 2019 Africa Think Tank Shark Tank in Kenya. ILAPI is a Non - Profit, non-partisan, public policy and educational research Organization (Think Tank), operating exclusively for Education, Social and Political, Private Sector Development and Business Policy Research, Free-market Economics Advocacy, Decentralization, and Local Governance, International Relations, Individual Liberty, Rule of Law, Poverty Alleviation and Entrepreneurship. It is the mission of ILAPI to provide innovative economic research and pensive multidisciplinary public policy advocacy through intellectually inspired leadership to help create freedom and prosperity for a free society.

Establishing the Center for Coin Liberty with a reputable think tank like ILAPI would provide credibility within the public policy sphere and an innovative and intellectual environment that welcome economic freedom and decentralization. This provides a suitable advantage from a background that is an existing and compelling force to parliamentarians, politicians, and policymakers.

ILAPI also has partnerships globally with reputable think tanks including Atlas Network, Fraser Institute, and American Institute for Economic Research.

FINAL STEP – THE POPULARISER MODEL

The Center seeks to achieve its goal of influencing legislation and promoting an environment that welcomes innovative, research-based advocacy and evidence-based method for policies discussions and alternatives for adoption. The populariser model is the approach that would help solve the problem by increasing broader participation and engagement in decision making. We understand that change takes time which is why the populariser model is suitable for building lasting change, especially in the areas of influencing legislation.

The center is going to be established using the populariser model to address any challenge and engage policies and legislation to help create an environment that promotes favorable legislation for crypto adoption.

The Populariser Model for Center for Coin Liberty

The center would operate using the populariser think tank model to shift the Overton window in favor of regulations that build an enabling environment for mass crypto adoption. The populariser model would best help to achieve our goal to delay unfavorable regulations and provide innovative policy alternatives through research-based advocacy and direct engagement of regulatory policy stakeholders that have the tendency of affecting the operability and adoption of cryptocurrency.

The populariser model would help provide the general public, mainstream media and engage stakeholders directly to build support and momentum for policy solutions for favorable legislation, reduce tax, and free-market environment that advances individuals' creativity and innovation.

The populariser model follows the understanding that the government is for the people, by the people, and for the people. Therefore, the model functions with the view that politicians are like ‘corks’ floating in a river. The cork moves in the direction of the river. Therefore, in the real world, the ‘river’ is the people and with the right research, education, stakeholder engagements, and understanding, politicians will follow the direction of the people in order to win the people’s votes to stay in office.

Therefore, the center for coin liberty seeks to use the populariser model to achieve its goal to provide constant and continuous mainstream engagement within the public policy space by shaping legislation and providing innovative policy alternatives for adoption.

______ FEASIBILITY _____

The Center for Coin Liberty has an outlook of creating a constant and continuous engagement in the mainstream public policy discourse. The Populariser model would be helpful to provide lasting change with constant and continuous research-based advocacy and evidence-based method of achieving objects within the regulatory framework and legislation. The purpose of the funding is to cover implementation costs for active campaigns, advocacy, and research that create engagement with stakeholders within statutory regulatory institutions, parliamentarians, and media. The fund would also cover venues cost for policy and media engagement. The proposal is set up on a volunteer basis and hopes to scale up our engagement once we confirm results. We may seek to include more research fellows in a proposal for future funding.

Our team has an experienced lawyer, peer-review researchers, think tank manager, and financial risk and compliance officer, with our understanding of Cardano’s evidence-based method and having participated in Cardano events in Ghana. The existing think tank with whom we have a partnership presents a great deal of resources that would be helpful to the sustainability of the Center for Coin Liberty.

The public policy space is full of the battle of ideas. Assessment of ideas that can shape favorable legislation is not difficult. However, interest from varying political viewpoints is a major challenge this project foresee. This challenge though difficult can be overcome with the right strategy, dedication, and belief in the populariser model to be used to achieve our desired goals. Below is a case study on how the populariser is helpful to achieve impact within the public policy space.

An Impact Primer in the Public Policy Space – The Case of E-Levy

In paragraph 315 of Ghana’s 2022 annual budget of the government, an Electronic Transaction Levy (E-Levy) of 1.75% has been introduced. As part of sectors affected by the introduction of the E-Levy, mobile money was key. Mobile money is used mostly by the private informal sector in Ghana. According to the Ghana Statistical Service, the private informal sector employs about 92% of the economically active population. The sector hugely relies on mobile money transactions due to the less documentation involved. Therefore, the E-levy will significantly affect the transaction cost of doing business in the private informal sector of Ghana.

Having published a series of articles educating the Ghanaian populace on the impact of the new tax (E-Levy) on the economy and how telecommunication companies can utilize Cardano blockchain using DApp to provide mobile money service in Ghana. Here are links to some of the publications;

Article Title - E-Levy Bill; Cardano Blockchain can Save Mobile Money Transaction Cost in Ghana

https://ilapi.org/article-content.php?id=173&t=E-Levy+Bill;+Cardano+Blockchain+can+Save+Mobile+Money+Transaction+Cost+in+Ghana+|+Nat.+Dwamena

Article Title - Ghana’s E-Levy: No such thing as Government Money; there is only Taxpayers' Money

https://ilapi.org/article-content.php?id=172&t=Ghana%E2%80%99s+E-Levy:+No+such+thing+as+Government+Money;+there+is+only+Taxpayers%27+Money+|+Nat.+Dwamena

The public policy solution involving the Cardano blockchain gained momentum and got published by a major mainstream media, ModernGhana.com.

E-Levy Bill; Cardano Blockchain can Save Mobile Money Transaction Cost in Ghana (modernghana.com)

The impact of our advocacy on E-Levy contributed to the unpopularity of the current government on E-Levy. The government for the first time in Ghana proposed a broad consultation by commencing a series of town-hall meetings with the citizenry prior to the passage of the tax bill. The government later conceded to reduce the rate of the E-Levy from 1.75% to 1.50%. (See; https://mobile.ghanaweb.com/GhanaHomePage/business/E-levy-reduced-from-1-75-to-1-5-Afenyo-Markin-1414120). At the time of submitting this proposal the E-Levy bill had not been passed by parliament. Therefore, the populariser model helped delay the passage of E-Levy in parliament, which goes contrary to the projection for its approval and implementation by 1st February 2022 as stated in the Ghana 2022 budget. (https://mofep.gov.gh/sites/default/files/news/2022-Budget-Statement.pdf)

We seek support from the catalyst community to help establish a strong center to continuously engage in mainstream public policy discussion and provide innovative policy alternatives that promote innovation and favorable regulations for adoption in Ghana.

[FEASIBILITY]

The activities of the Center for Coin Liberty would focus on streamlining the following using agile implementation for the first year;

· Policy Papers and Policy Brief

· Articles and Op-Eds

· Stakeholder Engagements

· Press Release and Media Engagement

· Educational Outreach

Our strategic timeline would focus on

Establishment of the Center (1-3 months)

Center Inaugural Event

Create Public Policy Discussion Awareness for the Center

Marketing and Communication (MarCom) Strategy.

Research (4-9 months)

Publish Policy Papers and Policy Briefs

Articles and Op-Eds

Educational Outreach

Implement MarCom Strategy

Stakeholders Engagement (9-12 months)

Initiate Open Forum with Media, Policy Makers, and Regulatory Institutions

Press Release and Media Engagement

Partnership and Collaborations

Budget ($)

Establishment and Inauguration of Center for Coin Liberty – 4,700

Research – 12,200

Media and Stakeholder Engagement – 8,300

Educational Outreach & Partnership – 6,540

Marketing and Communication – 5,510

Team Fees – 2,750

Total – $40,000

  1. NATHANIEL DWAMENA

A researcher with years of experience in think tank development and non-profit management. He was part of the team contracted by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ Ghana) to conduct a study on red tapes for doing business in Ghana. He has a background in project management, think thank Management, and is a graduate of Atlas Leadership Academy, USA. He has founded several non-profit organizations including Young Africans for Opportunities and Africa Human Right Forum. He successfully completed think tank training in Nigeria and project management training in Kenya which aided in his successful graduation from the Atlas Leadership Academy, Atlas Network (USA). He has written several Op-Eds that have contributed to public policy debate and engaged with credible media houses in Ghana. He is also a member of WADA Ghana and a speaker at blockchain events in Ghana. He is also an active catalyst member, fund 7 community advisor, and co-proposal.

LinkedIn Profile - <https://www.linkedin.com/in/nathaniel-dwamena-02578a127/>

2. CLAUDIO MUTUA Esq.

He is an Advocate of the High Court of Kenya based in Nairobi, Kenya. He has an interest in the intersection between the law and Information Technology (IT) especially as regards the internet, privacy, and the law, Blockchain and Artificial Intelligence, entertainment, and Intellectual Property on the internet.

He also has an interest in the intersection between free markets and the law, and in this capacity, he serves as the legal advisor and an associate Research Fellow at the Institute of Liberty and Policy Innovation (ILAPI), a free-market think tank based in Tema, Ghana.

Further, he is a trial attorney in matters of privacy, commercial and civil as well as criminal and constitutional litigation.

LinkedIn Profile - <https://www.linkedin.com/in/cmutua/?originalSubdomain=ke>

3. INNOCENT NORVINU

He is a cryptocurrency enthusiast with Bsc (Hon) in Banking and Finance from the University of Professional Studies. His years of experience within the finance industry as a risk and compliance officer has been key in ensuring that Unique Step microfinance survived financial sanctions emanating from lack of regulatory compliance and also helping them survive various financial clean-up exercises in Ghana.

LinkedIn Profile - <https://www.linkedin.com/in/innocent-norvinu-a096931a9>

[AUDITABILITY]

Key Performances Indicators

• Number of Regulatory Modifications and Advocacy Campaigns

• Number of Policy Papers and Brief Adopted/Implemented

• Number of Media Share and Reach

• Number of Partner Organization

• Number of Impact Reports

Sustainability

The Center for Coin Liberty would rely on its quarterly fundraising strategic plan to enable constant and continuous engagement within the public policy space in Ghana as well as support from the catalysts community. We seek to also leverage donor partners of ILAPI both locally and abroad. The Center for Coin Liberty is open to strategic partnerships that support the goal and mission of the center.

Auditability_

Our team believes that openness and transparency are key to building a strong force for advocacy within the public policy space in Ghana and beyond. Therefore, we would make our activities open, and recording of stakeholder and educational outreach available to enable tracking. We have created a channel for the Center on Discord (https://discord.gg/Mt9Xd3qb) and would publish our activities on the institute’s (ILAPI) website (ww.ilapi.org) to constantly update community members on activities. The center shall make available impact reports on specific advocacy campaigns that are undertaken and annual reports.

We define success as our ability to build a strong advocacy center that is able to mobilize public support and influence policies and legislations for adoption.

This is an entirely new proposal to establish the Center for Coin Liberty with an existing think tank in Ghana.

Community Reviews (1)

Comments

Monthly Reports

The project commenced in June with an inaugural launch that would announce the establishment of the Center for Coin Liberty in Ghana. Unfortunately, we could not submit a report for the Month of May. We had the misconception of commencing the project before reporting begins. Therefore, our team would be glad if the funds for June can be added to that of July and paid on 13th July 2022.

The project would be a new voice within the public policy space in Ghana judging by the reception received thus far.

Disbursed to Date
$40,000
Status
Launched
Completion Target
6/15/2023
Comments 0

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Our work at the research center is novel in Ghana. Most individuals within the policy space know of blockchain with some skewness to financial investment schemes. In the course of our work, we have realized that we have to commence some form of blockchain education since most people in the policy space have little appreciation for blockchain voting, real estate management, and blockchain governance. Our center is using an evidence-based approach to shaping legislation therefore we have resulted in using real-world impact as evidence that would help us leverage on to influencing policies and not only abstract research.

Disbursed to Date
$40,000
Status
Still in progress
Completion Target
5. After 1 year
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The project has reviewed the first 3 months and it is positive with all activities completed. The project would be focusing on writing more policy brief in the next phase.

Disbursed to Date
$40,000
Status
Still in progress
Completion Target
5. After 1 year
Attachment(s)
Comments 0

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Our Activities Undertaken So far

• Identifying More Policy Areas The Center for Coin Liberty undertook an outreach dive to identify critical policy areas yet has inadequate information for regulators, legislators, media, civil society organizations, youth and professionals, and students to make decisions that would be favourable to blockchain ecosystems. The purpose is to provide policy briefs, articles, and Op-Eds to fill the needs of our audience as a think tank.

• Recruitment of Research Assistance We opened an application for a research assistant position at the Center for Coin Liberty. This call was to help the center boost its research capacity. The post comes with a stipend and it is published on ILAPI's website. Find details here.

• Update on Activities under Landano Partnership Landano project has designated Ghana as one of the starting points. To wit, the goal of Landano is to reduce poverty by providing better titles to land and reflecting the needs of land owners in Ghana. The Center for Coin Liberty as partners, provided research input specifically, legal research on land regulation and the evidence admissibility criteria to validate a better land title in Ghana that has the backing of the Ghanaian law Land Act 2020 (Act 1036) and Evidence Act of Ghana 1975 (NRCD 323).

• CBDC Policy Paper Published The Center for Coin Liberty would publish a policy paper titled Central Bank Issued Digital Currency, A Hope for African Economies? As part of our arguments, we have mentioned that Central Banks should create accounts, not a token base digital currency, and also serve as a bridge between cryptocurrencies and fiat. The policy paper discusses several opportunities within the digital currency space for Central Banks. This ranges from exchanges and usability for CDBC. The Central Bank must leave the dominant position to build cooperation in the financial future that blockchain technology is leading. The paper also highlights governance and excited Cardano as a proven example.

Individuals in the catalyst community who wish to have a copy of the policy paper can fill their details in here

• Media Outreach The Center for Coin Liberty has made a lineup of interviews coming up after releasing the policy paper by the end of the month thus September. The media outreach is tailed to commence policy conversation and advance for favourable regulations in Ghana.

NB: Kindly find attached documents to the monthly report for all the links.

Disbursed to Date
$40,000
Status
Still in progress
Completion Target
5. After 1 year
Attachment(s)
Comments 0

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• Identification of Policy Areas The Center has identified 4 topical areas for policy input that would be favourable for blockchain adoption. These are

  1. Kenyan regulations on Blockchains: This paper will focus on using existing legal framework and review regulations on blockchain and cryptocurrencies in Kenya. This objective is to develop homegrown regulations for Kenya which can serve other African countries.

  2. Blockchain Mining and Energy use: One of the most used averments against blockchain and cryptocurrency is energy use. Even with improvements in mining and the advent of proof of stake, policymakers continue to hold past data on energy use and use it as a justification for more stringent regulation. This policy paper would focus on the current state of energy use and make comparative analysis on energy use by traditional sectors.

  3. The concept of decentralization in the Digital Future and the Role of Blockchain: This paper would look at the concept of decentralization to build readiness for the digital future in Africa as well as promote good governance.

  4. Financial Institutions comparative regulatory Interest & Analysis with Focus on Developing Country: Financial institutions including BIS, FATF, IMF & WB, WEF, and Collection of financial institutions on wall street are influencing crypto regulations, especially in Africa. This policy paper would focus on institutions’ interest and comparative regulations.

• Collaboration with DeFi Africa We have initiated talks with Defi Africa to build collation for blockchain and web3 education. We are hoping for a great outcome from this collaboration.

• Building Research Capacity The center has officially welcomed Mr. Vladan Lausevic to help contribute to research, especially on financial institutions.

Disbursed to Date
$40,000
Status
Still in progress
Completion Target
5. After 1 year
Attachment(s)
Comments 0

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The Center for Coin Liberty continues with various activities to help promote favorable legislation for blockchain technology and projects leveraging on it in Ghana. This report contains activities and initiatives for the month of November.

• Policy Papers The Center for Coin Liberty having identifies 4 policies areas for research is currently working on two policies papers. The two policies areas are Blockchain Mining and Energy use and Financial Institutions comparative regulatory Interest & Analysis with Focus on Developing Country. We project to complete these two policy papers by the end of December 2022.

• Interview on Policy Paper The Center for Coin Liberty had two media interviews to help explain blockchain technology to the public as well as share insight on its policy paper on CBDC. The interviews were held on 8th and 15th November 2022 at Rainbow Radio 87.5 FM in Ghana. The interview sought is address public perception on blockchain technology and promote regulatory preparedness by calling on institutions to build readiness. The earliest penetration of blockchain in Ghana and Africa were all Ponzi schemes making money lose their funds. This experience has informed many to shy away from blockchain technology and associated native cryptocurrency. The insight from the interview created a great public interest and the Center was called upon for another interview. Also, aspects of the interview discussed that policy papers on CBDC and advise the Bank of Ghana not to isolate its E-Cedi but integrate it on other digital exchanges to increase usability.

The interview had to media publications on online news portals. The links below

https://rainbowradioonline.com/2022/11/08/ghanas-plan-to-roll-out-e-cedi-must-have-an-integration-with-digital-exchanges-yafo/?amp=1

https://rainbowradioonline.com/2022/11/15/blockchain-technology-is-not-a-ponzi-scheme-it-can-help-fight-corruption-organize-free-fair-polls-ilapi/?amp=1

https://www.ghanaweb.com/GhanaHomePage/business/Ghana-s-plan-to-roll-out-E-Cedi-must-have-an-integration-with-digital-exchanges-ILAPI-1658771

• High-Level Economic and Digital Investment Policy Dialogue The effort of WADA and the Institute for Liberty & Policy Innovation (ILAPI) held a high-profile policy discussion on digital investments on 18th November 2022. The Center for Coin Liberty joined partners to hold high-profile policy discussion and contributed to the discussion. The Center for Coin Liberty was called upon to make a presentation on Emerging Technologies; Blockchain for Economic Trade & Governance. The presentation focused on how blockchain can facilitate trade in Africa and the need to investment for better internet penetration for the realization of the Africa Continental Free Trade Agreement.

• Cardano Summit 2022 The Director at the Center for Coin Liberty, Nathaniel Dwamena, had the opportunity to be part of speakers at the Cardano Summit 2022. His presentation on blockchain focused on the Cardano blockchain and the amazing works within the ecosystem. He also mentioned real world use case impacting livelihoods. Land title registration and management is a problem that affect many in Ghana, with highlights from Landano projects, participants were made to understand how Cardano ecosystem is impacting livelihoods.

Disbursed to Date
$40,000
Status
Still in progress
Completion Target
5. After 1 year
Attachment(s)
Comments 0

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The Center for Coin Liberty continues with various activities to help promote favorable legislation for blockchain technology and projects leveraging on it in Ghana. This report contains activities and initiatives for December.

• Policy Paper The Center for Coin Liberty has completed the first draft of its policy brief No.100 titled ‘Blockchain Mining and Staking; Comparative Analysis on Selected Industries Energy Use’. The rationale behind this policy paper is to contribute to the knowledge gap and change the narrative that blockchain mining wastes energy. Also, the policy paper highlights the improvement in blockchain mining and how the staking protocol used by Cardano has improved energy use. The policy paper would have two peer reviews before publication. Kindly access the draft with the link below: https://mega.nz/file/yUUzkaSA#6cBQFLZFlGKNoIm-iagLFSetSNT7C5nYl7Lwh86waMk

The second policy paper is on ‘The Skepticism of International Financial Institutions to adopt Blockchain technology and Decentralized Finance’ subject to change. These financial institutions have a great influence on nations and impact the monetary policies of other nations. For instance, the International Monetary Fund (IMF) urging countries to roll out Central Banks' digital currencies (CBDC) has seen many countries undertaking various activities and at different stages in the quest to launch CBDCs. However, decentralized finance revolutionizes centralized finance by empowering the individual to undertake peer-to-peer digital exchanges. Decentralized finance uses emerging technology like blockchain and eliminates bank fees as well as excludes centralized organizations and third parties from financial transactions.

The goal is to compare and contrast institutional regulations and identify institutional interests and fears of international financial institutions in adopting blockchain for financial inclusion. The tentative date for the completion of its draft is January 10th, 2023.

• Ghana Youth Onboarding The Director of the Center for Coin Liberty, Nathaniel Dwamena, was invited to the Ghana Youth Onboard event at the Academic City University College. His presentation focused on the fundamental of blockchain and introduced youth at the university to the Cardano Project Catalyst.

• Youth Outreach with Youth Empowerment Consortium The Center for Coin Liberty would in partnership with Youth Empowerment Consortium undertake an outreach for the youth in the Volta region of Ghana. This event is slated to take place on 28th December 2022.

Disbursed to Date
$40,000
Status
Still in progress
Completion Target
5. After 1 year
Attachment(s)
Comments 0

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