Nothing came up for

Small Change Wallet

$4,500.00 Received
$9,000.00 Requested
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Problem:

In Cameroon, finding the right change to match purchases of everyday goods and services is a huge challenge affecting local communities.

Challenge: F7: Mini/Low-Budget Dapps & Integrations
funded Awarded 4.5% of the fund.
Community Advisor Reviews:
4.4 (9)
Yes Votes:
₳ 63,853,427
No Votes:
₳ 11,189,195
Unique Wallets:
232

Experience

Wada team of software architects and engineers, microfinance collector,

Solution

Create a native token and a wallet to help collect small change making sure to incorporate an exchange platform with microfinance businesses

Community Advisor Reviews

Addresses Challenge

4.7 / 5
3 Reviews

Does the proposal effectively addresses the challenge?

Community Reviews (3)

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January 23, 2022

Relation to personal qualifications: in my year long work in political organisations I have been both a treasurer of a political organisation and a financial auditor (someone that checks the books of an organisation to verify that all the funds proceedings are in order). Hence, can bring in some competencies in evaluating the budgets in this category on their credibility and accountability. In programming specific costs in budgets I draw my knowledge from research but not personal professional experience in the field of IT, hence this part of my assessments in this categeory will be more superficial and more focused on the general budget rationale with the research done in mind. The proposal identifies the problem of the lack of access to finance and provides a viable solution to adress it by providing infrastructure for microfinance utilizations. The topic of microfinance has been discussed by many economists to be a very powerful tool to self-empowered economic development and should be supported. Giving access to microfinance will be both beneficial for the Cardano ecosystem (by providing new markets) and to the borrowing sides, as with it, they will be able to borrow at much lower fees than from local moneylenders. The key metrics and goals of the proposal align well with the topic and I can confidently assess that WADA will be able to scale this proposal, as they are a big, competent organisation, and already from the setup the proposal is quite scalable.

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January 23, 2022

The problem and the proposed solution are interesting and necessary everywhere in the world. I'm not sure about how many changes that a family must be done in a day but every family in this world needs it. Therefore, if this idea going to succeed it will make a huge impact on the Cardano ecosystem with somehow can be a million users.

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January 23, 2022

The idea of ​​creating a native token and a wallet to help with small change collection, make sure to combine the exchange platform with microfinance businesses. I agree with this idea within the limits of Cameroon or a similar number of countries and regions. The proposed solution is clear and convenient for users when using the QR interface, of course this requires users to have smartphones and the internet.

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Feasibility

4 / 5
3 Reviews

Given experience and plan presented is likely that this proposal will be implemented successfully

Community Reviews (3)

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January 23, 2022

WADA are a really active and established part of the Catalyst community. Without a doubt they will be able to successfully implement this proposal. The proposers know the type and number of team members required to implement the proposal and basically have a large group as their support network. The budget is outlined clearly and broken down into identifiable items and is reasonable to achieve the set goals. The proposal offers a realistic timetable and roadmap to complete the work and a very detailed, rationable and transparent implementation plan. It describes the resources used and every imaginable detail is shown. This is a great example of a good, feasible proposal.

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January 23, 2022

Hope that the team can have more detail about their implementation plan that how they can get users on both sides because this is the hard part of this type of (D)app. If there is just buyers in the app, and the sellers or service providers don't use it, the problem now comeback. The team showed their steps to develop the app but without a timeline. And their budget is also unclear. As an experienced team in organizing many hubs of Cardano as they showed. They should have more detail about what they will do to help CA/ vCA/ voter easier to understand and support them.

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January 23, 2022

The proponent also clearly provided 3 implementation steps. In addition to the payment benefits, are there any additional benefits for token holders, in addition to that, converting from fiat to cryptocurrency also has legal related hurdles that proponents should also add.

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Auditability

4.7 / 5
3 Reviews

Does the proposal provides sufficient information to assess and audit progress and completion?

Community Reviews (3)

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January 23, 2022

A roadmap with milestones and a time horizon for achievement is provided. Metrics and KPIs that define the success of the proposal are presented. A Clear understandable description of the targeted problem is provided and a good, comprehensive solution that addresses the problem comes along with it. I'm confident this proposal can be audited well.

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January 23, 2022

I'm not sure about their roadmap because it has no timeline. Their key metrics are very promising to see and I hope that they can get it. They also have very detailed info about the problem that describes in examples, and they have a great solution explanation that easy to understand how it can address the problem.

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January 23, 2022

Timeline whether steps are parallel or sequential should also be provided. Building a cooperation model with microfinance enterprises is very necessary and what are the risks and challenges for this step?

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