- Jose Manuel, our CTO, was Tech and Data Regional Lead for Cabify. [https://www.linkedin.com/in/thetex/]
- Jose Francisco, our COO, was Project Manager at Cabify and a former E&Y Consultant. [https://www.linkedin.com/in/jtimarchi/]
- Harinson Arrieta, our CGO, lead growth for MuniTienda, Helenas, & Picap. He has acquired more than 20 million users in his career. [https://www.linkedin.com/in/harrison-arrieta-montes-219a3077/]
- Matias Lopez-Therese, our CPO, is an experienced mobile apps operator & fundraiser. [https://www.linkedin.com/in/matiaslt/]
Mentors:
- Sean Sadasivan, Senior PM of Credit Karma, Angel Investor
- Mariano Perez-Lozano, Chief Transformation Officer of Rappi, Angel Investor
- Thamim Ahmed, Head of London School of Economics Crypto Lab
In 8 months operating we have these results:
- USD 80,000+ lent in 2,700+ loans from 1 to 4 weeks periods
- Average interest rate above 12%** and default rate below 7% (The system has 15% default and other micro-lending startups have defaults between 20% to 40%)
- +87 NPS points (Range: -100 to +100)
- Churn below 15% & ascending volume lent COHORT
Now we are preparing to open our stake pools and polishing legal requirements to launch our project in Cardano.
Deliverables:
1. To validate the engagement of the Cardano community with our project, we will create and evaluate the performance of two stake pools:
Deadline: 1 month from funding.
2. Our Cardano native token to give in exchange for the stake pool rewards.
Deadline: 6 months from funding.
Challenge success & KPIs:
Our project will be successful if:
<u>After 1 month:</u>
- We have the 2 stake pools up and running
<u>After 3 months:</u>
- We have more than 1,000 ADA holders staking in our stake pools
- We have more than 10M ADA staked in our stake pools
<u>After 6 months:</u>
- We have more than 10,000 ADA holders staking in our stake pools
- We have more than 50M ADA staked in our stake pools
- We start our Cardano native token distribution
<u>After 12 months:</u>
- We have more than 20,000 ADA holders staking in our stake pools
- We have more than 100M ADA staked in our stake pools
Budget:
- One dedicated Dev for the stake pool launch and operation for the initial 6 months: $18,000
- One dedicated Dev for the Cardano native token launch and operation for the initial 6 months: $18,000
- Servers and licenses: $1,000
Partnerships:
- MELD has successfully launched the first ISPO (Initial Stake Pool Offering), with over 270M ADA staked in their stake pools. We are on track to a long-term partnership for them to provide us liquidity from 2022 onwards.
- Vent is supporting us in the legal & tokenomics for our launch to market. We aim to give a clear utility purpose and create value for our token holders with the progress of our ecosystem
- ADABLUE is guiding us with learnings from the stake pool creation and operation.
IP
We have developed all our core technology in-house (credit algorithm, backend & app for Android).
Our webpage
<https://kashin.app/>
*There are good historic references from non-tech solutions for community lending such as India's Grameen Bank and Mexico's Compartamos Banco.
**Our protocol is set at 5% profit for sustainability, and we are working on automatizing interest rates for all our different user clusters.