Legal & Financial Implementations gravatar Legal & Financial Implementations

How can we build effective solutions to explore and provide legal & financial services and support to funded Proposers.

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

  • André Diamond

  • 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

Expand
47
Total Proposals
10
Funded Proposals
0
Completed Proposals
$ 500K
Available
$1.8M
Requested
$491.3K
Awarded
$35,140 Requested

Web3 Legal Hub Quick Pitch

$35,140 Requested

Solution: A legal hub housing a Web3 legal webinar series and a directory of Web3 lawyers.

Fund: Fund 9 Challenge: Legal & Financial Implementations
over budget Requested 7.028% of the fund.
4.49 (47)

Treasury Guild Advisory Service

$48,000 Requested

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

Fund: Fund 9 Challenge: Legal & Financial Implementations
over budget Requested 9.6% of the fund.
4.52 (33)

Tanzania Cardano Think Tank

$35,000 Requested

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.

Fund: Fund 9 Challenge: Legal & Financial Implementations
not approved impact proposal Requested 7% of the fund.
3.7 (30)

Structuring Employee Token Options

$75,000 Requested

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.

Fund: Fund 9 Challenge: Legal & Financial Implementations
not approved Requested 15% of the fund.
2.97 (30)

StablePay - replace StableCoins

$57,700 Requested

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.

Fund: Fund 9 Challenge: Legal & Financial Implementations
over budget impact proposal Requested 11.54% of the fund.
4 (27)

Smart contract enabled fiat-on-ramp

$50,000 Requested

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

Fund: Fund 9 Challenge: Legal & Financial Implementations
over budget Requested 10% of the fund.
3.8 (15)

Scale-UP Hubs' Legal Framework

$21,000 Requested

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.

Fund: Fund 9 Challenge: Legal & Financial Implementations
over budget impact proposal Requested 4.2% of the fund.
4.52 (33)

On-chain reputation

$10,000 Requested

Solution: Financial clout derived as monetary value from the creator’s value network

Fund: Fund 9 Challenge: Legal & Financial Implementations
vote pending Requested 2% of the fund.
1.91 (33)

Onboarded companies playbook Quick Pitch

$13,500 Received
$13,500 Requested

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 

Fund: Fund 9 Challenge: Legal & Financial Implementations
completed Awarded 2.7% of the fund.
4.8 (15)

Mehen: USDM State Regulatory Fees

$26,578 Requested

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

Fund: Fund 9 Challenge: Legal & Financial Implementations
not approved Requested 5.316% of the fund.
3.52 (27)

Mediation Training & Certification

$19,948 Received
$19,948 Requested

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.

Fund: Fund 9 Challenge: Legal & Financial Implementations
completed Awarded 3.99% of the fund.
4.75 (36)

littlefish - Law and the New Order

$84,800 Received
$84,800 Requested

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.

Fund: Fund 9 Challenge: Legal & Financial Implementations
completed impact proposal Awarded 16.96% of the fund.
4.81 (21)

Legal Listings

$17,000 Requested

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.

Fund: Fund 9 Challenge: Legal & Financial Implementations
not approved Requested 3.4% of the fund.
3.73 (30)

legal implementation in COLOMBIA

$19,000 Requested

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".

Fund: Fund 9 Challenge: Legal & Financial Implementations
not approved Requested 3.8% of the fund.
3.47 (36)

Legal & Financial Consulting Hub

$36,162 Received
$42,336 Requested

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.

Fund: Fund 9 Challenge: Legal & Financial Implementations
funded Awarded 8.467% of the fund.
4.36 (39)

Legal Consultancy in Ethiopia

$2,000 Requested

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.

Fund: Fund 9 Challenge: Legal & Financial Implementations
not approved Requested 0.4% of the fund.
3.67 (24)

Legal Compliance Support (EN/ES)

$24,000 Requested

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. 

Fund: Fund 9 Challenge: Legal & Financial Implementations
over budget impact proposal Requested 4.8% of the fund.
3.96 (27)

Legal and Financial Standards

$24,870 Requested

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

Fund: Fund 9 Challenge: Legal & Financial Implementations
over budget impact proposal Requested 4.974% of the fund.
4.42 (24)

Legal & Accounting Marketplace

$17,900 Requested

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.

Fund: Fund 9 Challenge: Legal & Financial Implementations
not approved Requested 3.58% of the fund.
3.79 (33)

LawFinDAO :) - $LAWL

$51,500 Requested

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.

Fund: Fund 9 Challenge: Legal & Financial Implementations
over budget Requested 10.3% of the fund.
4.12 (33)

LATAM Legal and Regulatory MindMap

$15,000 Requested

Solution: We will elaborate the LEGAL MIND MAP OF LATIN AMERICA, in different stages starting with the Andean Region. 

Fund: Fund 9 Challenge: Legal & Financial Implementations
not approved Requested 3% of the fund.
3.96 (24)

KYC Solution

$115,000 Received
$125,000 Requested

Solution: We must offer a Know Your Customer solution to alleviate the lack of identity and allow seamless verification of artists credentials.

Fund: Fund 9 Challenge: Legal & Financial Implementations
funded Awarded 25% of the fund.
3.8 (15)

JPG DAO: Legal Review

$16,667 Received
$50,000 Requested

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.

Fund: Fund 9 Challenge: Legal & Financial Implementations
funded Awarded 10% of the fund.
3.71 (24)

Instant Financial Data Application

$16,000 Requested

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.

Fund: Fund 9 Challenge: Legal & Financial Implementations
not approved Requested 3.2% of the fund.
3.09 (33)