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The Noether Protocol own proposals

Community Reviews across funding rounds

75
Total de reseñas
Addresses Challenge
4.76 Star
Feasibility
4.44 Star
Auditability
4.28 Star

Proposals Across Funding Rounds

0
Completed
2
Approved
3
Proposed
₳0
$69.6K
Requested
₳0
$39.6K
Awarded
₳0
$36.1K
Received

Funding data last updated

The Noether Protocol Proposals (3)

NOETH: Cardano for Science

$30,000 Requested

<p>Most PC users spend an average of 20% of their CPUs processing power. This is a strategic resource for scientists in developing countries.</p>

Fund: Fund 6 Challenge: F6: DApps & Integrations
not approved Requested 12% of the fund.
4.06 (18)

NOETH: Cardano for science in LATAM

$27,500 Received
$30,000 Requested

Solution: Proponemos un protocolo que incentiva a los usuarios de PC a prestar su capacidad de procesamiento ociosa a cambio de una recompensa, el token NOETH.

Fund: Fund 7 Challenge: F7: Grow Latin America, Grow Cardano
funded Awarded 6% of the fund.
4.53 (15)

Science Hub in Argentina

$8,551 Received
$9,620 Requested

Solution: We’ll create a scientific CCH in Argentina that hosts symposiums to engage members of the scientific community with the Cardano ecosystem.

Fund: Fund 8 Challenge: F8: Scale-UP Cardano's Community Hubs
funded Awarded 1.924% of the fund.
4.67 (42)

Monthly Reports

As we stated in out last report we were trying to recruit a junior dev that knows (or can learn) Haskell. We were not successful in doing so, but we got contact with a graduate from the university of Cordoba that was willing to help us, albeit not at full time. His name is Eric Romanenghi and works for Booking at this time. He's an expert in Haskell and functional programming, so we made some meetings with talks giving by him so we we could learn about this and move forward in the project.

Since he was not fully available at all times becuase of his job, we used the remaining time to try to make simple contracts that are connected with out BOINC server. This is currently on going but the experience itself was a very from a learning point of view.

Also this month was a bit tough in our jobs in general for living since is the last month in the year, we believe this cut a bit of the time assigned to this project in this month. But we expect to compensate the next month and vomplete the schedule successfully.

Disbursed to Date
$27,500
Status
Still in progress
Completion Target
3. In the next 6 months
Comments 0

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In regards to our effort to integrate our proposal with “Favorable legislation in Argentina”, we encountered a problem with their current social purpose.

We had a meeting with two lawyers specialized in NGO registration in Argentina, and drafted a new social purpose that includes the goals of both proposals.

We sent attach this social purpose that will allow us to continue working alongside said proposal.

This adjustment is linked to the institutionalized distrust in tech and innovation proposals in Argentinian state, in the midst of new regulations and fear-mongering related to the crypto space.

We hope we can now bypass this obstacle in order to consolidate the aforementioned integration.

Disbursed to Date
$8,551
Status
Still in progress
Completion Target
4. After 6 months
Attachment(s)
Comments 0

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We are moving forward in the process of integrating our proposal and the proposal “Favorable legislation in Argentina” to create a single event that gathers all interested parties in a work table to understand the future of the crypto revolution in our country and its challenges, especially in the difficult situation that the industry is going through right now.

We participated as a single project in the recent LABITCONF (10, 11, 12 y 13 – November – Buenos Aires City), one of the biggest LATAM Blockchain conferences, to increase the attendance of our workshop. Pictures attached.

Recent events that need no explanation have increased the fear related to our space and the interest in regulations that may be unproductive, bureaucratic and a real problem to the industry.

We believe that a public space that attracts devs, enthusiasts, young talent from the sciences, STEM graduates and policy makers is crucial to avoid the downfall of the public’s trust in crypto.

Our jointed efforts with the aforementioned proposal have produced results, such as a potential date for the common workshop in the month of March.

Disbursed to Date
$8,551
Status
Still in progress
Completion Target
3. In the next 6 months
Comments 0

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As stated in our last report, we’ve successfully found a senior engineer who can deploy a smart contract on the Cardano blockchain that allows it to interact with BOINC.

Now we’ve moved forward to the next stage: recruiting junior devs and young talent interested not only in our project, but also on learning Haskell. This is a result of a problem that we encountered early on: there are hardly any junior devs with previous experience in Haskell. Most Argentinian developers interested in the blockchain revolution choose Solidity as a starting language.

So the deployment of our BOINC server will need a recruitment phase that includes a training process for the junior devs. We found a product owner who’s helping us through this stage.

We attach his resume and proof of the weekly meetings we are having to find the young talent mentioned above.

Disbursed to Date
$27,500
Status
Still in progress
Completion Target
3. In the next 6 months
Comments 0

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We’ve made contact with two speakers that are key to the proposal we are trying to make to the scientific community. This was a hard endeavor, since there are many “crypto generalists” in Argentina but we wanted to show a serious option for young scientists. This is requisite one. We also wanted members of the Cardano community and Cardano enthusiasts and devs.

We are excited because we managed to contact two specialists.

One of them is a member of our Latino community who works for IOG. And the other is a specialist in smart nodes and contracts, which is something that we have been missing in our areas of knowledge.

In these days we have scheduled this two meetings, so we ensure not only to hire the best candidates, but also members of our community.

Step by step we are completing the names for each of these talks and workshops:

Talk 1: Blockchain: from Bitcoin to Cardano. Blockchain revolution. (searching candidate) Talk 2: PoS, Cardano's decentralized validation system. (searching candidate) Talk 3: Catalyst. Cardano's governance system. (searching candidate) Talk 4: Smart-contracts, Cardano and ADA native tokens. -Moxie Talk 5. dApps: What are they and what role do they play in Cardano. - Roberto Talk 6. Cardano and the scientific community. Cryptography and digital signatures. (searching candidate) Talk 8. CNFTs. How art participates in the community? (searching candidate)

Workshop 1: Setting up a Cardano validation node. -Moxie Workshop 2: Implementing a smart contract in Cardano. -Moxie Workshop 3: Building a project for Catalyst. Idea incubator and drafting of a project. FUND 10 or higher. -Horacio Baca, Raul Sendin, Benjamin Marcolongo

Disbursed to Date
$8,551
Status
Still in progress
Completion Target
3. In the next 6 months
Comments 0

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We’ve entered a new phase with a lead engineer discussed in the past report, Marcos Peña Pollastri, that is helping us advance towards a stable BOINC server dedicated to distributed computing that can interact with the Cardano blockchain. This stage faced us with the need to hire junior devs that can work on Haskell. We’ve scouted the following devs:

https://www.workana.com/freelancer/0642127d3bcab7ffdced6efdc22f9c7c

https://es.fiverr.com/missdinani/make-code-in-haskell-ocaml-and-ada-programming-language?context_referrer=search_gigs&amp;source=main_banner&amp;ref_ctx_id=be13969d7f410e1549e48c838cf2545a&amp;pckg_id=1&amp;pos=10&amp;context_type=auto&amp;funnel=be13969d7f410e1549e48c838cf2545a&amp;imp_id=207dbece-c5ab-4a08-98b3-192b86523d3c

Both can work on Haskell for the compatibility with BOINC, one of our main tasks to achieve in order to have a functioning token.

Disbursed to Date
$27,500
Status
Still in progress
Completion Target
3. In the next 6 months
Comments 0

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We’ve made an important decision regarding the several issues we’ve explained in past reports.

As sated before, in the development of this proposal we’ve made a significant effort in refining our whitepaper and, specially, the math behind our tokenomics.

We are satisfied with the result we achieved, for we believe the tokenomics of the project are solid and will respond well when tested in the actual deployment of the protocol. On the other hand, in past reports we’ve also explained our research regarding the infrastructure on which the project would be built.

We researched similar products on other blockchains, such as Golem, and we’ve come to the conclusion that BOINC is the best way to mount our server and create a related token on the Cardano blockchain.

So we’ve specifically tasked this to a senior developer, as we promise we would do in the initial budget breakdown that can be found in our proposal.

This senior developer will be key to start the engineering process of the project. We attach to this report his resume and the budget breakdown that he provided for us after several meetings, which we think is in accordance with our budget and the importance of correctly deploying both the server and the NOETH token.

We can now focus all our attention on the NOETH token itself, and we expect to make significant progress in the next report.

Disbursed to Date
$27,500
Status
Still in progress
Completion Target
4. After 6 months
Comments 0

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This month we collaborated with the Digital Policy Center (another catalyst funded project: "Favorable legislation in Argentina") to define the place and date of our event. We decided to coordinate the congress jointly because it allows us to gather a larger number of participants and to split the costs of the event in terms of recruitment and logistics.

It also opens up the original scientific perspective of the project and integrates it into a more organic one where both worlds, the political and the scientific, can collaborate in joint activities.

For the development of the congress we found a space that fits perfectly to the purposes of the event: https://www.areatresworkplace.com/home, in Palermo, Buenos Aires, Argentina.

We have reserved the space for the end of November, although the date is not definitive because we are trying to define a common date that would bring together the most suitable speakers for the event. The end of the year is generally a busy time in everyone's agenda, so coordinating an ideal date is one of the keys to our success.

The talks and workshops should have the following structure:

Talk 1: Blockchain: from Bitcoin to Cardano. Blockchain revolution. Talk 2: PoS, Cardano's decentralized validation system. Talk 3: Catalyst. Cardano's governance system.
Talk 4: Smart-contracts, Cardano and ADA native tokens. Talk 5. dApps: What are they and what role do they play in Cardano. Talk 6. Cardano and the scientific community. Cryptography and digital signatures. Talk 8. CNFTs. How art participates in the community?

Workshop 1: Setting up a Cardano validation node. Workshop 2: Implementing a smart contract in Cardano. Workshop 3: Building a project for Catalyst. Idea incubator and drafting of a project. FUND 10 or higher.

We are also focusing on perfecting the event website. As well as planning a communication strategy in the public and academic space to disseminate the event.

Disbursed to Date
$8,551
Status
Still in progress
Completion Target
3. In the next 6 months
Comments 0

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As stated in our previous report, we’ve studied the Golem project as it has many similarities with our own. But it also has key differences that would make its implementation on the Cardano blockchain too costly from a time and efficiency perspective. On the other side, we’ve taken some ideas from its tokenomics, that work as a free market for distributed computing systems, where the price is pegged to ETH (we would use ADA instead, giving a reference value to our token).

Now that we have a clear understanding of the differences between a project such as Golem and our initial proposal (to launch the Noether Protocol in the BOINC middleware), we opted for the latter as the ultimate platform on which to launch our proposal, and have started the interviewing process of a senior system analyst to lead our junior programmers on the development of the specific BOINC server that we aim to link to the Cardano blockchain. We’ve encountered a challenging scenario, since there aren’t many developers in Argentina focused on the Cardano ecosystem.

But we’ve succeeded at finding a senior system analyst that can start building the aforementioned server so it can be fully integrated with Cardano’s native tokens. We attach the resume and the technical interview report for said developer.

Disbursed to Date
$27,500
Status
Still in progress
Completion Target
4. After 6 months
Comments 0

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We’ve presented our idea to STEM students in Rayuela bookstore in order to recruit potential new talents to attendee our workshop. This meeting was a success, and we have many young students that work on the scientific field that are interested in attending the Science Hub workshop.

Disbursed to Date
$8,551
Status
Still in progress
Completion Target
3. In the next 6 months
Attachment(s)
Comments 0

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We are interviewing several candidates from among Cordoba’s and Buenos Aires cities scientists for speakers on the symposium. We’ve also started a dedicated website for it to allow an easy subscription and to divulgate this activity. We’ve reached two ONG that are interested in participating (Democracia en Red and CPD).

Disbursed to Date
$8,551
Status
Still in progress
Completion Target
3. In the next 6 months
Attachment(s)
Comments 0

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We took this month to study our main competitor in the future, when we are fully operational. From this experience we wanted to learn alternative approaches to the problem and also avoid future problems that we might encounter.

Golem Network is a distributed computing project on the Ethereum blockchain.

We´ve studied their distributional algorithm and the way it interacts with the ETH blockchain in order to improve how we can deploy our project in the Cardano blockchain. This algorithm tethers their token value to ETH. This is a possibility we will explore in regards to ADA.

We´ve also studied their matchmaking system for lenders (regular computer users) and private individuals and institutions who harness this processing power. This involves blacklisting and whitelisting systems to build trust in the code being run.

It is important to know that they have an open license code, something that we also intend to do since it is in the spirit of all decentralized progress.

We still prefer to deploy our project in BOINC, but taking ideas like the matchmaking system and some improvements to our emition algorithm can be useful.

Disbursed to Date
$27,500
Status
Still in progress
Completion Target
4. After 6 months
Attachment(s)
Comments 0

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We’ve are building an institutional network for the workshop and the symposium by reaching out speakers in the topics involved from within the Argentinian scientific community, and we’ve built a site where any interested person can sign up to participate in these instances as a speaker or assistant.

We are attaching pictures of how this site works, and which topics are eligible to participate in the workshop/symposium. This is also linked with another related funded proposal (“Favorable legislation in Argentina”), since we believe we can create synergy between these meetings, creating a space where scientists and crypto-enthusiasts can interact with policy makers and help them understand the importance of the blockchain revolution and its possibilities for our country.

Disbursed to Date
$8,551
Status
Still in progress
Completion Target
12/31/2022
Comments 0

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We’ve successfully launched a BOINC test server. This was a critical instance in our project, for this middleware (BOINC) was the only way to achieve a decentralized protocol for distributed computing that can interact with the Cardano blockchain and, thus, create a way to reward PC users through our token in exchange for their idle processing power.

We’ve launched this BOINC test server using a Docker Container that opens a useful space for server testing where we can deploy an app that interacts with the fetched data of the distributed computational workload and distributes the correspondent NOETH tokens in accordance to the emission algorithm stated in our last report.

This will also allow us to test our emission algorithm in order to correct any complexities we might have missed in its analytical formulation.

Disbursed to Date
$27,500
Status
Still in progress
Completion Target
3/1/2023
Comments 0

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We are looking for universities to host the meetings. We are creating a network with the National University of Córdoba, the Catholic University of Córdoba, the University of Buenos Aires and the National University of Tucumán. We also hope to get speakers from these institutions in the area of computer science and other related careers.

Disbursed to Date
$8,551
Status
Still in progress
Completion Target
12/31/2022
Comments 0

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We are happy to announce that, after a though process of work and internal discussion, we’ve completed our whitepaper. The different discussions involved were reflected in prior reports, but the whitepaper is finally done, with our tokenomics and the math behind the project finished. It is attached.

We would also like to report that a linked proposal (https://cardano.ideascale.com/c/idea/399451) has been funded in Fund8, and this proposal helps us reach our end users (scientists who work on developing countries), so we’ll try to create synergy between both projects.

Disbursed to Date
$27,500
Status
Still in progress
Completion Target
3/1/2023
Attachment(s)
Comments 0

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ADVANCE REPORT:

We’ve advanced on our adoption model and tested it against our emission mathematical model. This aims to verify that the former is deflationary and to test the emission rate on different adoption scenarios.

Our goal with this is to get an insight on how to avoid abrupt changes in the price of the token, that is used within the network to purchase processing power.

We attach sample code of these simulations, with data produced by a complex dynamical system modeling the interactions between users and our server, and an updated version of the mathematical chapter of the whitepaper that we are currently finishing.

We’ve attended several meetings (both virtual and physical) with members of Argentina’s Cardano Community to search for devs interested in constructing our BOINC server and stablished a working relationship with other members of this community that can help us improve the project.

Disbursed to Date
$27,500
Status
Still in progress
Completion Target
3/1/2023
Comments 0

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We’ve started the process with several team virtual meetings to organize the first steps in our dApp’s development. We’ve participated in town halls specific to our challenge and completed our proof of life. We’ve also been invited to share our project in the podcast “Convincing crypto” with Gianna Lum.

The most important thing so far is the significant improvement we’ve made in the last month on our original emission algorithm. This algorithm is a core aspect of our tokenomics model. We’ve been working hard to build a solid math foundation for the project. We attach the following:

  1. The .pdf file wich contains the updated version of our emission algorithm and certain key aspects of our tokenomics model. This is a work in progress, but we’ve made several advances in the last month.
  2. Simulations of user’s adoption per year; NOETH emission per year; and total token circulation per year.
  3. The flyer of our interview in the podcast “Convincing crypto” with Gianna Lum, that can be found here: https://www.youtube.com/watch?v=UzXyzvjVC0o
Disbursed to Date
$27,500
Status
Still in progress
Completion Target
3/1/2023
Comments 0

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