Legal & Financial Implementations
Currently the real Challenge for Funded proposals relies on implementing legal and financial boundaries and frameworks for their projects.
Providing funded proposals with solutions and services to operate legally in their residing country will open new possibilities and provide peace of mind to the project owners.
Many projects will broaden their horizons and increase their impact on the Ecosystem once legal and financial frameworks are explored and established.
This will in turn promote adoption and improve product ownership. There is a need to get accountants and lawyers into the Cardano & Catalyst Ecosystem.
Challenge Team for Fund 9
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André Diamond
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Miroslav Rajh
Why is it important?
When receiving Funds, many emerging Projects in Catalyst face legal and financial issues which block them from moving forward.
How does success looks like?
A direct access to solutions which provide financial and legal services, support and guidance to emerging Projects in the Catalyst Ecosystem
Key Metrics to measure
Use Case - How many funded proposals are making use of these new solutions and services
Impact - How many of these new implementations are mutualistic to funded proposals.
Scalability - How scalable are the solutions introduced in this challenge. Are provided solutions able to scale to 10x 100x 1000x ?
Adaptability - Can these solutions and services be used anywhere in the world
Web3 Legal Hub Quick Pitch
Solution: A legal hub housing a Web3 legal webinar series and a directory of Web3 lawyers.
Treasury Guild Advisory Service
Solution: Treasury Guild advisory service will manage budgets & document transactions so that everything is accessible and transparent. We will also provide Project Management support to ease proposal delivery
Tanzania Cardano Think Tank
Solution: By laying out an amicable solution to help through established NGO to attract professionals to it, and help grow the accessibility of the legal support and support to Cardano ecosystem in Tanzania.
Structuring Employee Token Options
Solution: The solution is a smart token distribution option, which is not considered as a salary component and does not result in high tax costs at time of transferring the token.
StablePay - replace StableCoins
Solution: We propose a smart contract that conducts a payment in ADA, but recomputes it at the current exchange rate from an oracle. Putting such a transaction on Cardano, a user can ascertain the price.
Smart contract enabled fiat-on-ramp
Solution: A fiat-2-crypto gateway that can interact with Cardano smart contracts upon a successful fiat payment. It will accept the fiat payment from the user and then would trigger a smart contract tx on-chain
Scale-UP Hubs' Legal Framework
Solution: Wada will create a model with which to support and onboard new hubs and partners with a template for legal and financial frameworks to set them up for success.
On-chain reputation
Solution: Financial clout derived as monetary value from the creator’s value network
Onboarded companies playbook Quick Pitch
Solution: A playbook for funded companies that guide their various teams on how to best connect their operation with the Catalyst operation - payments, admin, communication
Mehen: USDM State Regulatory Fees
Solution: MUSD will be the 1:1 fiat-backed, directly-convertible stablecoin built for and by the Cardano Community.
Fiat-backed coin issuers need state money transmitter licenses. This proposal pays state fees
Mediation Training & Certification
Solution: Provide DRPA-certified mediation training to members of the Cardano community and access to mediators.ai to offer their dispute resolution services to the community.
littlefish - Law and the New Order
Solution: A broad research and knowledge sharing effort by an experienced team of blockchain law experts, documentation and workshops to answer any questions about blockchain law and provide consultation.
Legal Listings
Solution: We are providing a marketplace were people can get a lawyer at an affordable rate.
This also enable the startup to create a concern note and get a lawyer to respond to it.
legal implementation in COLOMBIA
Solution: legally manage advice and special treatment for companies related to cryptocurrencies by the Colombian Chambers of Commerce (entities where companies are created) through their group "CONFECAMARAS".
Legal & Financial Consulting Hub
Solution: We will creating the education courses on pro-bono basis for financial and legal expert to understand the issues facing by blockchain start-up as well as the legal & financial advisory services.
Legal Consultancy in Ethiopia
Solution: Retaining a Legal consultant for the community widely Cardano community here in Ethiopia, which has become the de facto community for all blockchain enthusiasts.
Legal Compliance Support (EN/ES)
Solution: Provide procedures and best practices to identify and classify the operational and legal risks faced and establish internal mechanisms to prevent, manage, control and react to them.
Legal and Financial Standards
Solution: Characterise the legal framework for our DAO business model providing real world solutions and physical products over the blockchain. This framework can serve as a template for similar business models
Legal & Accounting Marketplace
Solution: I will build out a legal and accounting services marketplace, attract professionals to it, and help grow the accessibility these services for web3 projects. This will be built into the Antimo project.
LawFinDAO :) - $LAWL
Solution: A service DAO comprising of members with proven track record of legal and crypto expertise in their respective countries, providing specialized legal & financial guidance and implementation service.
LATAM Legal and Regulatory MindMap
Solution: We will elaborate the LEGAL MIND MAP OF LATIN AMERICA, in different stages starting with the Andean Region.
KYC Solution
Solution: We must offer a Know Your Customer solution to alleviate the lack of identity and allow seamless verification of artists credentials.
JPG DAO: Legal Review
Solution: We want to consult with the best North American legal experts to ensure the creation of the JPG DAO and token are in line with the legal requirements and outlines of the land.
Instant Financial Data Application
Solution: Our app allows gold, dollar, euro traders to calculate their profits & losses instantly. When they download this app for this purpose, they will be able to see also Cardano option and articles in app.