[IMPACT] Please describe your proposed solution.
Sustainable Goals Token Research into the Proof of Impact Token (PIP)
This proposal is to take our past research and development on the SGT and use our experience and knowledge to develop a Utility token for the Impact Web3 Ecosystem.
This token will be used for the operations of the Proof of Impact Platform and the Domino DAO. It will also be used for educational resources and developments in the Sustainable ADA ecosystem.
The token will be used for incentivizing actions by DAO members. It will also act as an exchange of value for stakeholders investing in projects through the PIP platform, including the use of incentive pools.
We will be finalizing our new white paper for the PIP token.
We also will be diving deeper into the research to explore efficient and useful ways we can connect the PIP token to Sustainable ADA, Proof of Impact Platform (PIP), and Domino DAO (DD).
Pre-funding research and development:
We were funded for the research of a token for a platform similar to the Proof of Impact platform. An overview of the idea is below.
The Sustainable Goals token to the PIP Token:
The objective of the Sustainable Goals Token (SGT) is to act as an enabler and investment vehicle facilitating investment in impact-focused projects or businesses. Thanks to the innovative Sustainable Goals Platform and Cardano’s technology, anyone with an internet connection and device can become an impact investor. They can connect directly to entrepreneurs worldwide, and not only measure their financial returns but also the impact of their investment.
Main Principles
- A platform and native token that allows you to track, monitor, and support impactful projects, and allow anyone to support working towards achieving the interconnected Sustainable Development Goals (SDGs)
- Assess, track, and verify/audit projects and companies on the SGT platform so users and projects can share data transparently to customers/impact investors, and have a ‘proof of SDG support document (A NFT designed and made by our carefully curated pool of #NFT4Good artists and partners)’.
- Employ and advocate for principles of Blockchain 4 Good, and best practices from the finance industry, and go beyond it with a clear code of Ethics, enabling users to have trust in our platform.
- Collaborate with teams across the Cardano community initially, and the wider Blockchain4Good ecosystem to deliver on the SGT platform.
- Actively report updates on the development of the SGT roadmap, and ways the platform is expanding through partnerships and ongoing progress.
SGT Mission
A platform and token facilitating impact investing, using the advantages of blockchain and crypto, directly connecting you to projects you're passionate about to maximize positive social, environmental and economic impact, and get a return on intention and investment.
SGT to the Proof of Impact Token PIP
What is the PIP Token?
The Utility & Governance Token of the Proof of Impact Platform & Domino DAO
Token Utility:
The PIP token will be designed to have multiple utilities within the Impact Web3 ecosystem which includes the Proof of Impact Platform and Domino DAO.
These utilities include:
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Governance: PIP token holders can participate in the decision-making process of the platform and DAO, voting on proposals, and influencing the direction of the projects.
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Reward mechanism: Users will be rewarded with PIP tokens for supporting NGOs, participating in the platform's activities, and contributing to impact assessment and evaluation.
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Staking: PIP token holders can stake their tokens to earn rewards and participate in the platform's governance.
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Payment: The PIP token can be used as a payment method within the platform for services and access to premium features.
Example of a Token Allocation:
Note: This is not the final token distribution and is subject to changes in the release of our White Paper.
Why does this matter?
"When it comes to the 2030 Agenda, we are all developing countries." - UN
There isn't a user friendly, transparent way to directly invest towards positive social, environmental and economic impact and make progress towards achieving all Sustainable Development Goals (SDGs) you're passionate about.
Investing in SDG's is investing in our future…
This should be accessible for any person all over the world, if we, as a global society, are to make the necessary and urgent strides to accomplish our Sustainable Development Goals by 2030.
<https://act.unfoundation.org/a/sdg-donate>
At the moment via the Joint SDG Fund, people can donate their money and then the funds go towards SDG projects.
Currently, people can make a contribution to the SDGs and ‘Donate’ but there is not any transparent data and proof of impact leaving the donors in the dark and unsure if their contribution actually went toward an SDG, and how much of an impact their donation made.
With Cardano’s blockchain technology and its ability to enable trust, track and trace data transparently, the Proof of Impact Platform PIP will work to address the gap in the market, and help close the financing gap needed to build a better world for all.
According to the World Economic Forum,between $5-$7 trillion USD is needed, annually to achieve the SDGs by 2030. The need for new solutions and ways to get more investment directed towards the SDGs is as urgent as ever.
Currently, “the world is in danger of missing crucial sustainability goals, but the provision of funding can get things back on track”… “investment is sorely needed, especially in emerging markets which tend to be disproportionately impacted by climate change”.
<https://www.weforum.org/agenda/2021/01/the-sustainable-development-goals-can-get-back-on-track/>
Value added:
Providing such a tool like PIP for anyone to use, facilitating citizens and change agents globally in becoming impact investors will be revolutionary.
Giving people the means to have insights and transparency into the actual impact their investments and chosen companies are having, will help catalyze and build greater momentum and trust for other more risk averse investors and institutions.
Emerging markets and economies will become accessible to millions if not billions of potential impact investors who are either entering the digital economy for the first time, or are digital natives looking out for the next unicorn.
Through Proof of Impact NFTs and a PIP token utility token for the platform we can facilitate the conversion of illiquid assets into a digital asset that is accessible and tradable, unlocking new streams of funding and capital that can leveraged to solve global and local problems.
The PIP Token's importance:
A utility token designed for facilitating the transfer of value and providing a means of funding impact projects transparently on Cardano’s public and open source blockchain.
The PIP Platform and Utility token will enable and facilitate the exchange of value, transparently, at competitive rates for any stakeholder, impact company and impact investor. Companies applying to be listed on the PIP Platform will be audited and evaluated by our expert team and will receive a diagnostics as to whether they would benefit from integrating blockchain technology, and are aligned with our PIP values and code of Ethics as an impact-focused organization.
With the use of Cardano’s technology, native tokens & NFTs, the creation and transfer of value will help overcome the challenges and hurdles of Web 2.0 and status quo legacy systems, in favor of the realization of the promise of Web 3.0 and the 4th Industrial Revolution, accelerating the movement of driving power to the people and pushing it to the edges.
[IMPACT] How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
The proposed solution, the Proof of Impact Token (PIP), addresses the challenge by leveraging past research and development on the Sustainable Goals Token (SGT) to create a utility token for the Impact Web3 Ecosystem. By using the PIP token, the operations of the Proof of Impact Platform and the Domino DAO can be facilitated, along with educational resources and developments in the Sustainable ADA ecosystem.
The PIP token serves multiple purposes within the Impact Web3 ecosystem:
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Governance: PIP token holders can actively participate in the decision-making process of the platform and DAO, thereby influencing the direction of projects and initiatives.
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Reward Mechanism: Users will be incentivized with PIP tokens for supporting NGOs, engaging in platform activities, and contributing to impact assessment and evaluation.
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Staking: PIP token holders have the opportunity to stake their tokens, earning rewards and actively participating in the platform's governance.
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Payment: The PIP token can be used as a payment method within the platform, allowing users to access services and premium features.
The proposed solution benefits the Cardano ecosystem in several ways:
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Enabling Impact Investing: The PIP token, along with the Proof of Impact Platform, provides a user-friendly and transparent way to directly invest in projects that drive positive social, environmental, and economic impact. This accessibility helps democratize impact investing and attract a wider range of investors globally.
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Transparency and Trust: By utilizing Cardano's blockchain technology, the PIP platform ensures transparent data tracking, verification, and proof of impact. This transparency builds trust among investors, as they can confidently see the real impact of their investments.
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Closing the Financing Gap: The PIP platform addresses the funding gap required to achieve the Sustainable Development Goals (SDGs) by attracting more investment towards impactful projects. With the ability to track and trace data transparently, the platform encourages more funding and investment in emerging markets, where climate change impacts are often more significant.
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Global Accessibility: The PIP token and platform enable anyone with an internet connection to become an impact investor. This accessibility unlocks investment opportunities for individuals worldwide and fosters collaboration between global citizens and change agents, driving momentum towards sustainable development.
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Unlocking Illiquid Assets: Through the use of Proof of Impact NFTs and the PIP token, the platform enables the trading and accessibility of illiquid assets. This unlocks new streams of funding and capital, providing resources to tackle complex challenges.
By implementing the PIP token and its associated platforms, the proposal aims to enhance the Cardano ecosystem by promoting impact investing, transparency, trust, global accessibility, and unlocking new avenues for funding impactful projects.
[IMPACT] How do you intend to measure the success of your project?
We will be looking to measure the following KPIs:
KPIs:
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Number of early supporters
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Number of development updates
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Number of funds raised in token launch
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Number of team members onboarded
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Number of Partnerships
[IMPACT] Please describe your plans to share the outputs and results of your project?
We plan to share the outputs and results of our project through various channels, including social media platforms, community forums, and the Sustainable ADA website.
We will publish regular updates of discussions held in Cardano for Good twitterspaces, and feature the achievements of the showcased projects. We will share updates on our milestones and increase marketing efforts to create an impactful PIP token research and development for the Impact Web3 community.
[CAPABILITY/ FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability?
Our accountability and dedication to the Cardano community can be seen with all the effort our small team has done in the past and is still continuing to build and support the ecosystem.
We have had a lot of success while growing Sustainable ADA over the last few years. We have been closely connected to the Cardano community through our Project Catalyst proposing experience.
Learn more about all of our past funded projects here: <https://sustainableada.com/catalyst/>
Sustainable ADA has created: 48 individual stories on projects building in the Cardano community and making the world a better place.
More info here: <https://sustainableada.com/news/>
Sustainable ADA also created the Cardano Impact Report where they highlighted over 65+ Impact Project buildings on Cardano to make the world more sustainable and equitable for all.
Free Version can be found here: <https://sustainableada.com/cardano-impact-report/>
More work we have taken part in:
Impact Measurement research: https://www.canva.com/design/DAFC7zRNrdg/em1s_yQDnNU6sPW6KJ8hnA/view?utm_content=DAFC7zRNrdg&utm_campaign=designshare&utm_medium=link&utm_source=publishsharelink
Positive Blockchain Cardano Integration and Project Catalyst Support:
Partners, advisors and supporters:
Dr Mihaela Ulieru - Chief AI Alchemist SingularityNET | Former Head of Strategic Impact at IOG
<https://www.linkedin.com/in/mihaelaulieru/>
Alex Ross - Talk to Loop Lead | Former International Director of Programs and Partnerships at British Red Cross
https://www.linkedin.com/in/alex-ross-61453a3b/
Sunny Basra - CEO of SoundRig
<https://www.linkedin.com/in/sunnybasra/>
<https://linktr.ee/soundrig>
Affendi Samsudin - Co-Founder at Streets of ADA - A Samsudin Brothers Projek team
<https://twitter.com/TR1PL7>
<https://asamsudinbrothersprojek.gitbook.io/streets-of-ada/>
Alain "Fusion" Clapham - FRSA | Curator | Educator | Public Speaker | Facilitator
The self-professed ‘Transformative Storyteller’ has presented shows for MTV and Sky, hosted events at Wembley Arena, interviewed the likes of Beyoncé, Dr Dre and Marvel-mastermind Stan Lee, and shared his story on the TED stage.
An experienced public speaker, educator and creative producer, he is now a lead facilitator for YouTube, empowering thousands of young people to become better Internet Citizens, and helps award-winning CEOs discover their own stories of transformation.
The driving force behind creative currency initiative #IITSPIRATION and founder of BMT and BWT – an immersive live experience celebrating the ‘awesome everyday’ stories of black men and women - Alain takes on all challenges with irrepressible energy, curiosity and a desire to get to the heart of the matter.
<https://www.linkedin.com/in/alain-fusion-clapham-b8824b29/>
<https://www.instagram.com/iitstagram/?hl=en>
<https://www.instagram.com/bmtstories/?hl=en>
Sarah Margono-Samsudin | International Development Practitioner - Education for Sustainable Development Section@UNESCO and Secretariat Member of Mission 4.7 Organisation -
<https://www.linkedin.com/in/sarah-margono-samsudin-a1b41b99/>
Fabrizio Shao - Adaptive Athlete | Disability Advocate | Web3 Brand Ambassador
<https://www.linkedin.com/in/fabrizio-shao/>
<https://www.instagram.com/tv/CYHlrYXIEwC/> - Cardano Summit 2021 Keynote Speaker
[CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?
The main goals of the Proof of Impact (PIP) Token project and research are to develop a utility token that supports the operations of the Proof of Impact Platform, the Domino DAO, and educational resources within the Sustainable ADA ecosystem. The token aims to incentivize actions by DAO members, serve as an exchange of value for investors using the PIP platform, and enable various utilities within the Impact Web3 ecosystem.
To validate the feasibility of the project's approach, the following steps can be taken:
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White Paper Development: Finalize and publish a comprehensive white paper that outlines the project's objectives, token utilities, governance mechanisms, and technical specifications. The white paper should provide a clear roadmap and explain how the token will be integrated into the existing ecosystem.
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Expert Evaluation: Seek feedback and evaluation from experts in the blockchain, impact investing, and sustainability fields. Engage with individuals or organizations who can assess the feasibility and viability of the token project based on its alignment with industry best practices, technical feasibility, and potential impact on the ecosystem.
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Community Feedback: Engage with the community and gather feedback through forums, social media channels, and community events. Assess the level of interest, concerns, and suggestions from potential token users, impact investors, and stakeholders in the ecosystem. Positive community engagement and interest can indicate the feasibility of the project.
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Technology Implementation: Ensure that Cardano, can support the functionalities and utilities of the PIP Token. Conduct thorough technical feasibility studies, including scalability, security, and interoperability assessments. Collaborate with blockchain experts and developers to validate the technical feasibility of implementing the token within the desired ecosystem.
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Pilot Testing: Conduct a pilot implementation of the PIP Token within a limited scope or with selected partners. Test the token's functionalities, utility mechanisms, and integration with the Proof of Impact Platform and the Domino DAO. Collect feedback from pilot users and assess the effectiveness and practicality of the token implementation.
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Ecosystem Partnerships: Establish strategic partnerships with relevant stakeholders, such as NGOs, impact associations, and sustainability-focused organizations. We will add on to the list of partners. But some key partners for the project are Sustainable ADA, A Samsudin Brothers Projek, Talk to Loop, SoundRig and our current Advisors. Collaborate with these partners to integrate the PIP Token in a successful manner and to create the most benefits for the Impact Web3 ecosystem
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Compliance and Regulatory Considerations: Ensure that the PIP Token project complies with relevant regulations and legal frameworks in the jurisdictions where it operates. Engage legal experts to assess compliance requirements and identify any potential regulatory challenges.
By conducting thorough research, engaging with experts and the community, validating the technical implementation, piloting the token, forming strategic partnerships, and addressing compliance considerations, the project can validate the feasibility of its approach and enhance confidence in the potential success of the PIP Token.
[CAPABILITY/ FEASIBILITY] Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.
Pre-funding activities:
We were funded for the research of a SGT token for a platform, of which we have now developed further since, into the Proof of Impact Platform (PIP). An overview of the idea is below.
Milestones for this proposal:
Month 1-2 Milestone #1: Finalize White Paper
- Migrate SGT White Paper to PIP model
- Finalize V1 White paper and find key areas we need to develop
- Onboard advisors to review our documentation
- Onboard Token Expert (already in talks)
Deliverables:
- Review the SGT White Paper and evaluate areas to take out or keep. Review what sections we need to integrate and begin more research on.
- Finalize research and White paper V1. Onboard and share with advisors and review their feedback.
- Finalize the token model and review tokenomics with a Token expert.
Month 3-4 Milestone #2: Tokenomics
- Start key areas we need to develop and research for the PIP Token
- Research integration with Impact Web3 products
- Talk with tokenomics experts
- Start to develop a token allocation and tokenomic overview doc
Deliverables:
- Define and begin the research for new PiP token allocation
- Rebuild or tweak the tokenomics model with token expert
- Create a draft model for the token allocation and overview of utility after meetings with token expert.
Month 5-6 Milestone #3: Community Feedback on Token Models
- Test models of tokenomics
- Get community feedback on types of token allocations
- Create a test token
Deliverables:
- Test token model we created
- Create a test token and have users use it
- Create a simple dashboard to swap tokens on test net
- Review community feedback on token allocations and talk about tweaks with token expert
Month 7-8 Milestone #4: Launch pre-sale & Start initial development
- Launch sale Dates
- Develop marketing material for token sale
- Onboard token integration experts
Deliverables:
- Launch token sale overview and terms including a definition of all dates and how to get involved.
- Seek out a token integration expert to carry out the creation and launch of the PIP token
- Creating a landing page for the pip token and a page for members to log in and take part in the sale.
Month 9-10 Milestone #5: Finalize Token White Paper & Realize Final Token Decisions
- Launch the first MVP of PIP Token Utilities
- Create plan for Impact Web3 ecosystem integration
- Finalize last elements for White Paper
- White Paper Reviewed by 3 experts
Deliverables:
- Launch the MVP of the PIP Token Utilities
- Have a community vote in the DAO to see what utilities the community is looking for.
- Finlaze the last pieces and research for the White Paper.
- Get the White paper reviewed by advisors and get ready for public launch.
Month 11-12 Milestone #6: Test PIP with first NGO & Create their first Proof of Impact NFT
- Create Integration to Impact Web3 Product Roadmap
- Release strategic partnerships info
- Release the official White Paper and token components
Deliverables:
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Carry out the Token launch and create a plan to integrate the token into the Impact Web3 ecosystem. (This into will be found in our White Paper).
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Release the White Paper and get community feedback.
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Launch the info on strategic partnerships and our plans for an ISPO
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Carry out the project closing report reviewing our entire project and successes and where we are going to work to improve our token and plans for the Impact Web3 community.
[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.
Previous Section
[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.
[RESOURCES & VALUE FOR MONEY] Who is in the project team and what are their roles?
Team Info:
Impact Web3 & Sustainable ADA
Cole Bartlett and Razali Samsudin Co-founded Sustainable ADA and Impact Web 3, and have been shaping it into what it is today.
It all started with the initial idea for Sustainable ADA back on April 20th of 2021 (Sustainable ADA 2021). Together, we co-founded it in June of 2021. We have backgrounds, professional experiences, and knowledge in education, economics, sustainability, and how blockchain technologies can be harnessed for good.
Cole Bartlett:
Co-Author of Recalibrating Value, Identity & Impact Through the Blockchain Cardano Impact Report 2023 | Bachelors in Economics and Sustainability | Blockchain/Sustainability Researcher | Social Entrepreneur | Co-Founder of Impact Web 3 & Sustainable ADA | Positive Blockchain Contributor | Impact Measurement Expertise | US Director for Yagazie Foundation | Blockchain Learning Center Core Member | Co-Founder of Vermont Fishing | Decentralized Lead Generation | UNITE 2030 Youth Delegate | Photographer, Videographer, Editor | Content Creation
Additional Activities by Cole:
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Member of SmartHubs and Founding member of P-Gen. The decentralized partnership generation model was designed by Cardano community members and first funded through Project Catlayst in Fund 8.
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<https://linktr.ee/smarthubs>
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Live Twitter Space Host every Thursday at 4pm UTC. Cardano For Good - We bring impact project in the Cardano community to the stage and talk about all the good happening in the Cardano Community.
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<https://twitter.com/CardanoSpot/status/1679222635891400704?s=20>
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Took part in the very first Catalyst Boost Camp held by Entreprenerdy.
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Experience: <https://sustainableada.com/news/cardano-catalyst-boost-camp-providing-invaluable-guidance-and-resources-for-funded-proposals/>
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Took part in a course by Grace Rachmany at DAO Leadership called "THE FUTURE AIN’T WHAT IT USED TO BE:
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<https://www.daoleadership.com/future-course/>
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Active Member of Cardano For Climate
<https://www.linkedin.com/in/cole-bartlett>
Razali Samsudin: Editor | Author | Subject Expert | Partnerships
Co-Founder of Sustainable ADA, Impact Web3, Streets of ADA - A Samsudin Brothers Projek
15 years of experience as an interdisciplinary Educator from early years settings to postgraduate level, with a background in social sciences, humanities, and sustainability. Author, Writer, Editor, Digital Economy, Blockchain, Sustainability and Impact Measurements, Researcher (Research Lead Connecting SDGs to Project Catalyst and lead on the SDG Proposer Tool and SDG Search Tool with Cardano AIM #Blockchain4Good, #Cardano4Good, #NFT4Good). Social Entrepreneur, Catalyst Proposal Mentor. Wada UN SDG and Education Coordinator, Contributor at Cardano AIM, PositiveBlockchain, Cardano4Climate, Catalyst School, Adafilms.
<https://www.linkedin.com/in/razali-samsudin>
<https://twitter.com/Razlosophy>
Catalyst Journey:
We joined Project Catalyst, Cardano’s decentralized innovation fund, during fund 4. After applying and learning from both funds 4 and 5 along with lots of support from Cardano community members and teams, we were able to construct a strong proposal together that focused on our goals and ambitions for Sustainable ADA, and the Cardano community’s goals. We submitted a proposal focused on helping Grow Cardano, and Grow Africa.
With this funding, we had more capacity to focus on researching and sharing stories from change-makers in Africa and the diaspora, who are engaging with Cardano, creating a better tomorrow, today.
Thanks to the Cardano community and the use of their voting power from holding and staking ADA, we successfully secured the funding we were seeking. This helped us to take significant steps towards fulfilling our vision and mission having secured these crucial and helpful funds.
Through our time in the Project Catalyst ecosystem, we have been able to create a lot of strong and exciting partnerships with projects and businesses all across the world. This has led us to develop new ambitions for the work we do and to expand beyond education.
More about the projects we have been involved in: <https://sustainableada.com/catalyst/>
Experience and Expertise
The Sustainable ADA team has experience working with Figma, Canva, Wix, Final Cut Pro, Da Vinci Resolve 17, Adobe CC, Microsoft Products (Word, Excel, Powerpoint, etc).
Sustainable ADA has experience and backgrounds in Sustainability, Economics, Humanities, Social Sciences. Along with work with NGOs, Social Enterprises, Freelance journalism, and blogging.
The team has been a part of the Cardano ecosystem since 2020 and is very dedicated to the Cardano ecosystem. We created Recalibrating Value, Identity & Impact Through the Blockchain: Cardano Impact Report 2023“.
The team also has undertaken the first of its kind Cardano Impact Report.
The Cardano Impact Report is a comprehensive publication that aims to capture and showcase the positive impact generated by the Cardano community. It is designed as a book NFT (Non-Fungible Token) to leverage the unique features of blockchain technology, ensuring authenticity, transparency, and immutability of the content.
<https://sustainableada.com/cardano-impact-report/>
[RESOURCES & VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?
The cost of the project represents value for money as it enables the creation of the PIP token and research that will add value into the entire Impact Web3 ecosystem. The creation of PIP will enable us to be able to bring groundbreaking tools to the Cardano ecosystem and more visibility and recognition to impactful projects building on Cardano. By investing in PIP token research you support the entire Impact Web3 ecosystem, you can unlock new possibilities for the Cardano community. Including a new way to onboard new users to Cardano. The community will gain access to valuable insights, collaboration opportunities, and inspiration to drive positive change.
The costs are justified and a modest ask given the average salaries for a graduate, and postgraduate researcher and Teacher in our sectors, and given our track record in and out of the Cardano community to date based out of USA (Salt Lake City), and western Europe (London and Paris).
