Please describe your proposed solution.
By creating a WEB 3.0 page that merges people, proposals and cripto incentives a DeFi model emerges in which new value can be created and transferred. We also seek to create a line of interior decoration products setting up a collateral for a new token (KUNA) where its value has to come for functionality which its main purpose is to raise funds to build or rebuild social interest housing projects, public spaces and other facilities. By establishing a line of products like NFTs Illustrations, plans, sketches, 3d moleging and others both digital and physical items like gym equipment or decoration items new value can be transferred having an opportunity to sell this token in order to raise funding so we can give access to housing and land deeds, plans for construccion, technical direction and incentives in crypto assets that can be used to buy materials and pay salaries.
There's the need for bringing monetary value to the communities so new projects can emerge. That way through a De-Fi Ecosystem opens a chance to experiment the new functionality coming from the web 3.0 and Blockchain technologies. Current gubernamental systems lack the capabilities to get solve all the community problems opening a sector for private investors and volunteers who are seeking to get some building or restitution project manifesting its way onto reality.
Also, it's extremely necessary to build a cluster for innovation able to conciliate all the different parties and individuals involved in planning, constructing and designing new projects aimed to solve bad conditions of architectural habitability in the region, lack of infrastructure and public spaces in the andean plateau of Chimborazo, Ecuador.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
This plan has three stages and seeks to be adopted at the same time that the basho y voltaire hardk forks are implemented on the main net of ADA. Keeping that in mind a set of goals are established so we can create an active community of members in which the organization has to be “formally” stablished on the official registry norms and terms of the constitution of Ecuador if a significant amount of liquidity is provided. Due to the fact that cryptocurrency is not a common medium of transfer value in this context we must convert to USD (Local Currency) so a new legal institucional banking account has to be opened and pay local government fees, plus commissions. Once a capital and the members become stable, we can proceed to the delegations of management to first start creating from scratch a functional web page able to talk to the blockchain of ADA so users can receive incentives or make payments directly via signing smart contracts when submitting their value, proposals or requests. That way authors rights, donations and transactions are visible for anyone hopefully forever. Also we want to create a functional token (KUNA) at the same time that we carry a research on a fucus group for giving incentives as crypto assets for early engagement and test the whole ADA ecosystem making transactions, creating liquidity pools, minting tokens, farming etc.
To create an educational program in where we will be giving for free tokens to create new engagement in the community that will later be able to change to items of our own line or products, others cryptocurrencies like ada and ultimately USD. We can pay with KUNA Tokens for content creation that will be published on our official channels. The collaterals are established by all the income coming from Crypto Purchases, and a variable amount of percentage of local currency purchases of our physical products will also serve to raise funding on architectural projects.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
Not having the funds to put all of our projects together. If we fail to create a product line and build a strong community using our services, all of these ideas will die. If we do not raise enough funds to complete our first home we will not be able to move on to the next one, and without money it is difficult to create a website from scratch that is capable of integrating into the cardano network. But the good thing is we have the time to learn and everething that has to do with software is fixable. And we will cointinue to work on our producs in a craft way