Detailed Plan
Unfortunately, there are many different financial concepts that most people do not understand. The ability to grasp and apply even the most basic concepts about money and managing personal finances is positively a life-changing “skill”. As more individuals learn about the pitfalls of fractional reserve banking and how to properly manage their money to preserve long-term wealth, it creates a meaningful ripple effect of hope, unity, and power to the people.
It’s time we separate money from state.
When integrated with Cardano, Avocado will introduce every new user directly and natively to ADA and the Cardano Blockchain, including some specific capabilities, such as Atala Prism, ADA/COTI Pay, Project Catalyst, a Cardano light wallet & access to Cardano’s DeFi ecosystem.
Think of Avocado as a financially-focused social media platform that connects people who want to share their thoughts and ideas, discuss various topics, and learn from industry leaders. Avocado allows individuals to take charge of their financial future by learning key concepts “straight from the source” -> Avocado Official Learning Material and from Businesses, Organizations, Industry Professionals and other Financial Influencers that will provide high quality educational content for their followers.
As we grow, core functionalities and features will continue to be built out:
-Follow people and topics you care about. Share content that resonates with you (posts, articles, memes, etc.). Post your own thoughts, images, videos, and other original content your followers might find interesting.
-Public and Private “Pits” (think of these as subreddits that support all the various financial interests our users want to discuss with like-minded individuals)
-Buy/Sell/Trade/Swap stocks and crypto assets directly on the platform
-Avocado Official Learning Material. Engaging. Gamified. Learn to Earn.
-NFT “Badges” to represent various skillsets, accolades, achievements, and other noteworthy differentiators that deserve social recognition.
We are currently in the planning phase of development of our utility and governance token, GUAC, which will be minted on Cardano.
GUAC Token Utility:
-In-App (micro)payments (tips, “private pits” (subgroups/rooms), exclusive content)
-Passive Income via Staking, Liquidity Mining LP ADA/GUAC
-Governance Rights (submitting Avocado Improvement Proposals and voting)
-Rewards for actively participating in governance and Avocado Official Learning Material
-Holders get access to discounts, promos, special events, and other exclusive benefits
-More to be added in the future
We are seeking assistance from developers and advisors for our Cardano Integration Strategy. We see this as an exciting opportunity to be a first-mover in an untapped market: decentralized social-financial learning and investing. With a working product already, it’s now time to integrate the blockchain and DeFi, more specifically the Cardano Blockchain, while continuing to grow the community, improve UI/UX, and add new features and functionalities.
Building on top of Cardano at such an early stage will be synergistic for both platforms. It provides an introduction to blockchain and novel functionality for Avocado users, and, subsequently, brings more ADA holders and DeFi users to the Cardano Ecosystem. All while improving lives through financial literacy.