The purpose of the virtual closet is to show people there also exists an easy way to participate in blockchain technology.
It allows almost anyone to take the first step into the blockchain space.
Many new people could stak their ADA in different pools this way. This may also lead to better decentralization of pools.
By buying the clothes they get their first ADA (these are deposited on an NFC or will be activated after scanning the chip) and they can also stake them in a pool of their choice. Everyone can choose a pool in which they want to stake their ADA. There is not only one staking pool in the virtual closet, but a variety of pools to choose from.
The virtual closet is expected to bring many people into the Cardano ecosystem, which should also help with the decentralization of pools in the long run. Later on, it can also be decided together whether a connection to the Defi-space should be enabled in order to create liquidity in the Cardano-Defi-space.
We are currently trying to implement this idea with Cryptellion.
Cryptellion is supposed to be a brand that emerges with the blockchain community. It is for people who are future-oriented and ready to go new ways. The first step is to perceive clothing in a different way (as today) and give it more appreciation. It is not only the value of the clothing but also the value of the technology behind it.
It should not only be sustainable but also authentic, and allow people a new way of dealing with clothing.
Currently, we are in the procurement and development phase.
To finance the idea and the development we enable people who believe in the idea, to support us by pre-ordering the first collection. This contains a piece of clothing of the LegIT Collection and will also have a special status in the dApp so that the early adopters will be rewarded for their support in the future. The LegIT-Collection will be delivered at the same time as the dApp will be released.
At the moment I'm putting all my savings and time into the project and I know the risk. But I believe that this way we can reach many people and create something that everyone can integrate into their everyday life. The funding could help us to implement the idea faster so that we can contribute our part to the Cardano ecosystem and make Cardano accessible to a wide range of people.
Our team is still small, but if anyone likes the idea and wants to be a part of it, feel free to contact us.
Update:
The selection of products and designs for the first collection is already fixed, also the implementation with distribution and logistics.
There are also ongoing negotiations with a German chip manufacturer about the conditions and specifications.
This week we are talking to new developers who want to join our team, together we will be able to realize the idea faster.
Tomorrow we will also update our site so that the idea is more understandable ( 4th February)
Funding Update:
We are trying to cover most of the cost of the development through pre-sales.
The funding could help us to cover a small part of it and we could also expand the marketing.
Costs:
One full time developer: $20 an hour, 30 hours a week, about 120 working days - $ 14.400
Marketing Stage 1: $ 4000 (promoting the support of the development)
Total - $ 18.400
( In ADA: at $ 0.41 per ADA - 44878 ADA)