over budget

KonmaDAO - A DAO of DAOs

$100,000.00 Requested
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Community Review Results (1 reviewers)
Impact / Alignment
Feasibility
Auditability
Solution

KonmaDAO would enable organizations having a blockchain based governance layer to enter the ecosystem, while providing end-to-end services; from incubation to deployment of these niche DAOs on chain.

Problem:

While Cardano provides a great space for hosting DAOs, community members and new entrants are unaware of the Cardano ecosystem, dev support, tools & resources etc.

Yes Votes:
₳ 35,919,270
No Votes:
₳ 20,135,532
Votes Cast:
360

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[IMPACT] Please describe your proposed solution.

We aim to onboard a wide range of DAOs on to the Cardano chain. This will be done by creating a standard operating procedure and a template for the onboarded DAOs to follow, along with developing tools for smooth integration of DAOs.

[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.

Konma aims to be an umbrella DAO which currently has 10 sub- DAOs under it. Konma being an active interactor within Cardano ecosystem, it is highly familiar with its workings and operations. Having faced the initial hiccup of self integration within the ecosystem and our subsequent seamless interaction post integration, we aim to provide a platform for new DAOs to enter and benefit off the Cardano ecosystem as well. Our role as a bridge between Cardano and the DAO pool not only boosts the Cardano community and talent pool but also enables an innovative DAO, which gets shadowed under confusing integration mechanisms, to bring their projects to fruition

[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?

i) Risk: Insufficient funding would tard the DAO onboardings

ii) Risk: Cardano ecosystem not being well equipped to provide backing to such DAO

[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.

  1. Our first task would be to design the standard template for DAO onboarding and developing relevant tools for their smooth integration.
  2. Once the skeletal structure is formed, we aim at onboarding a minimum of 2 DAOs per month.

Thus, the project is expected to have a 6 month set up phase;

> Month 1: Designing and developing the standard template and tools: $ 20000

> Month 2: Deploy the tools on the test net and tes it on DAOs: $ 20000

> Month 3: Konma DAO development $ 20000 ($ 10000 per DAO)

> Month 4: Establishing the Konma Flair DAO along with onboarding a third party DAO: $ 20000

> Month 5: Establishing the KonmaHope DAO along with onboarding a third party DAO: $ 20000

[FEASIBILITY] Please provide a detailed budget breakdown.

  • Design - $ 8000

  • Development - $ 20000

  • Treasury - $ 40000

  • Marketing - $ 10000

  • Hardware set up - $ 7000

  • Advisors - $ 5000

  • Audit - $ 10000

    [FEASIBILITY] Please provide details of the people who will work on the project.

TEAM

Vinay Devabhakthuni (Founder, Konma & Head of Tech) — <https://www.linkedin.com/in/vinay-devabhaktuni-b642bb90/>

Advitha Ashok (Co-founder, Head of Operations) — <https://www.linkedin.com/in/advitha-ashok-178394122/>

Sangeet Muralidhar (Co-Founder, Head of Tech) — <https://www.linkedin.com/in/sangeet-muralidhar/>

Sathya Vijayan (Head of Konma Flair) — <https://www.linkedin.com/in/sathya-vijayan-4858a6aa/>

Azlan Mohammed Shakib (Head of Konmahood) — <https://www.linkedin.com/in/azlan-mohammed-shakib-687049aa/>

Rakesh Raveendra (Head of Konma Upskill) — <https://www.linkedin.com/in/rakeshraveendra/>

George J Ramayya (Head of Konma Moai, Governance) — <https://www.linkedin.com/in/george-j-ramayya-98446b50/>

Nikhil Batra (Legal and Financial) - <https://www.linkedin.com/in/nikhil-batra-116203135/>

Arundhati Kale (Legal) - <https://www.linkedin.com/in/arundhati-kale-400283187/>

Diya Naidu (Head of Marketing) — <https://www.linkedin.com/in/diyanaidu25/>

THE ADVISORS

Mr. M Sundar Rajan, Founder & CEO, Acelane.in, Advisor Konma Flair — <https://www.linkedin.com/in/sundar-rajan-41872511/>

Mr. Sai Krishna (CEO Supergreens)- Algae Tech — <https://www.linkedin.com/in/sai-krishna-p-812152a/>

Dr. Sivakumar (Prof. TNAU) — Biotechnology — <https://www.linkedin.com/in/sivakumar-uthandi-b058a11a/>

Mr. Bharat Mallapur (CTO, Emurgo India) — Blockchain — <https://www.linkedin.com/in/bharatmallapur/>

Mr. Sangeet Muralidhar (Head of Tech, Konma) — Cyber Security Specialist — <https://www.linkedin.com/in/sangeet-muralidhar/>

Mr. Emmanuel Murray (Senior Advisor, Caspian Impact Fund) — Finance — <https://www.linkedin.com/in/emmanuel-murray/>

Mr. Renish M (Growth Marketing Consultant - Thrivelot, COMMON.IS) — Branding & Marketing — <https://www.linkedin.com/in/mrenish/>

Mr. Baskar M (VP — NuVeda LLC) — Education — <https://www.linkedin.com/in/baskar-m-12543617/>

Mr. Azlan Shakib (CEO Humm of the Earth) — Permaculture — <https://www.linkedin.com/in/azlan-mohammed-shakib-687049aa/>

Mr. Sreekumar M (Founder, TREES) — Environmental Protection

Ms. Sreesvarna (IIT Bombay) — Agriculture — <https://www.linkedin.com/in/sreesvarna-b-458123196/>

Ms. Advitha Ashok (Nutritionist) — Health & Wellness — <https://www.linkedin.com/in/advitha-ashok-178394122/>

[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.

Yes, we plan on returning to Catalyst for future funding, if we manage to onboard 5 DAOs. Once this initial hurdle is overcome, we are confident enough to onboard more DAOs if funded.

[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?

The following factors would enable us to measure and track our progress;

  1. Number of DAO tools deployed: This would enable smoother onboarding. DAOs would be able to provide a feedback on what we can include/develop and how we can create a smooth interface, on our forum. Once Konma Hope, our launchpad is launched, the progress of the DAOs along with their feedback and requirements would be catered to.
  2. Number of DAOs brought on chain: Konma DAO would see success in the form of increase in tie ups and onboarding numbers. This can be tracked via our standard template which would require all new DAOs to interact with. Once followed, the new DAO gets added to our repository. Our set target of an initial 2 DAOs a month and subsequent 5 DAOs periodically would be traceable. Changes in influx and engagement would duly be noted via our tools.

[AUDITABILITY] What does success for this project look like?

The more DAOs we manage to onboard, the greater the success. As more and more DAOs seek onboarding, community engagement and projects with potential increase, thereby improving the and allowing the Cardano and the Konma ecosystem to evolve.

[AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.

This idea was proposed in Fund 7 but not funded.

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