MADAO: Mutual Aid DAO User Client

[IMPACT]

Through the MADAO dapp, our system provides a dynamic guaranteed income in our community token–$MADAO–and integrated tools that turn other MADAO network members into the MADAO economy, providing our community currency with real economic value, rather than speculative value. As our economy grows and changes, so does the size of our guaranteed income, ensuring the health of the MADAO economy. To this end, we use an internally created series of KPIs called "The Freedom Framework."

We love every basic-income crypto project we've encountered (GoodDollar, Proof of Humanity, etc…), but most seem to suffer from one particular problem: there is no practical way spend your collected tokens on those networks, outside of a few hand-picked retailers. MADAO is different, because MADAO uses integrated buying and selling tools to allow users to exchange goods and services directly with one another, mediated by our software client, keeping real economic actors in and speculators out.

Additionally, for the inflexible-demand goods and services that the MADAO network may have difficulty in providing itself (housing, medicine, etc…), the MADAO network allows users to sponsor one another with $ADA contributions, being rewarded with a like amount of MADAO tokens.

Normal people are experiencing a liquidity crunch that stops them from buying what they need as consumers, and investing in themselves as businesses. The end result has been real economic stagnation in much of the world. The MADAO network returns the power of money to real economic actors, breaking that cycle.

Our network grows in value with each new user. Our success relies on hitting a critical number of network users, to provide real economic by connecting them to each other. That is to say, our network must hit a critical mass to accrue the breadth of goods and services required for competitive viability.

To that end, we apportion a significant chunk of our resources to marketing and user-retention. Regularly, we conduct MADAO Town Halls on our Discord server, where we currently oversee a pre-alpha test of the MADAO marketplace, where our early testers are already buying and selling goods and services in MADAO tokens. Concurrent with this Catalyst proposal, there is a MADAO New Mexico Community Ambassadors program, aiming to create a local hub of concentrated MADAO activity, where it is easy and convenient to use MADAO for everyday transactions.

[FEASIBILITY]

MADAO User Client can send and receive MADAO tokens
MADAO User Client can distribute dynamic guaranteed income based on Freedom Framework KPIs
MADAO User Client can list and respond to offers to buy or sell goods and services in MADAO

MADAO User Client provides a profile page where each user can provide details about their business and/or their financial needs, if they so choose to.
MADAO User Client allows network members to sponsor one another by sending $ADA to help others meet their financial needs, and being returned a like amount of MADAO tokens to incentivize this altruistic activity.

$8,000–development

Pay our internal coder to create our software

$4,800–marketing

Hire six ambassadors to kickstart activity on the MADAO network by onboarding providers of sought-after goods and services, and selling their own goods and services for a set number of hours per week on the MADAO network, receiving MADAO tokens for their work in addition to ADA.

$4,000–internal team payments for non-coding founders. Our economist, community managers, and administrator are working hard to grow the MADAO project, and deserve compensation.

$200–Digital infrastructure

An independent economist and trader from Shanghai (Eddie Chu), an electrician and candidate for County Sheriff from New Mexico (Sheridan Lund), a recent college graduate from California by way of Arizona (Jenny Press), a Haskell coder from New York (Ben Doyle), and a podcast producer from New York by way of Florida (Shael Riley). Most of us met as anti-poverty advocates in the political sphere, and moved our efforts into the crypto space when we realized that governments don't tend to listen to people. You can meet and talk with us on our MADAO Market Discord server (https://discord.gg/XsM9QcPa). On the off chance that Discord link has broken, a fresh link to our server is always available on our website (madao.io).

[AUDITABILITY]

KPIs:

We've devised these four metrics to measure the health of our network:

Savings Rate: the amount of production a given supply of money enables.

Our KPI goals for Velocity of Money are 0.3% for May, 0.4% for June, and 0.5% for July.

Spending Rate: the total value of all purchases on our network, within a given frame of time. Our Transaction Volume KPI goals are 550 for May, 600 for June, and 650 for July.

Size of Network: the total number of persons who have signed up for our network and received their first disbursement of MADAO. Our KPI goals for Size of Network are 30 by May, 40 by June, and 50 by July.

Engagement: degree of participation in our community economy, measured in offers to buy or sell goods and services in our community market, and number of community events hosted. Our KPI goals for Engagement are, respectively, 20 and 2 for May, 30 and 3 for June, and 40 and 4 for July.

Please ask for any needed clarification on our KPIs in the comments; we will be happy to discuss our metrics in more detail with you there, or on our Discord server.

Success looks like: a network of beneficiaries using MADAO to purchase goods and services from one another, and sharing ADA to help one another with inflexible financial demands that cannot be met in MADAO, through an accessible, user-managed dapp.

This is a continuation of our MADAO proposal from Fund 7. We weren't funded then, but we've made a lot of revisions, including the addition of a tech founder who can code Haskell.

<https://cardano.ideascale.com/c/idea/381251>

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