unLearn: The Network Neighborhood (Decentralized & Autonomous Funding Mechanism)

[GENERAL] Name and surname of main applicant

Delos Kavvadias

[GENERAL] Email address of main applicant

astodialo@proton.me

Additional applicants

Thanos Leftheriotis

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

6

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language.

No

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

No

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.” .

No dependencies right now.

[GENERAL] Will your project’s output/s be fully open source?

Yes

[GENERAL] If NO, please describe which outputs are not going to be open source. If YES, please write “Project will be fully open source.”

Project will be fully open source.

[METADATA] Category of proposal

DAO

[IMPACT] Please describe your proposed solution.

Our solution addresses the challenge of decentralized funding for innovation and culture in Cardano. We create a safe, inclusive network neighborhood, empowering communities with transparent processes. Our unique automated withdrawal ensures proposers receive voted funding. Artists, innovators, and the community gain access to funding opportunities, fostering creativity and cultural development.

Our proposed funding mechanism operates as follows:

Proposal Submission: Any individual or group can submit a proposal to the DAO. Proposals can be categorized as governance actions or funding proposals.

NFT Minting: Once a proposal is submitted, it is minted as a non-fungible token (NFT) on the Cardano blockchain. This NFT serves as a unique identifier for the proposal throughout its lifecycle.

Community Interaction: The proposal is shared with the community for interaction and feedback. Participants can provide suggestions, offer funding amounts, and express their opinions through discussion forums or other designated channels.

Proposal Update: Based on community input, the proposal is updated to reflect the outcomes, such as suggested funding amounts or modifications to the governance action. These updates are stored within the reference NFT's datum.

Voting: Members of the DAO participate in a voting process to determine the acceptance and funding allocation for each proposal. Voting can be conducted through a secure and transparent on-chain voting system.

Proposal NFT Update: After the voting process concludes, the proposal NFT is updated with the voting results, including the approved funding amounts or the decision on the governance action.

Claiming Funds: The proposer/holder of the proposal NFT can then claim the approved funding amount from the treasury using the proposal NFT as proof of approval.

More detailed explanation can be found on the linked github.

[IMPACT] How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

Our proposed solution addresses the challenge by providing a decentralized and autonomous funding mechanism that fosters a safe and inclusive environment within the Cardano ecosystem. It empowers communities, protects against harmful practices, and promotes creativity and innovation.

One key aspect of our solution is the automated withdrawal process from the DAO treasury. This not only streamlines fund disbursement but also ensures transparency and eliminates the risk of corruption. The proposer will receive the amount voted and approved by the community, ensuring a fair and accountable distribution of funds.

Additionally, by open-sourcing our solution, we contribute to the broader blockchain community, enabling other projects to benefit from our transparent governance and automated treasury functionalities.

Overall, our approach brings numerous benefits to the Cardano ecosystem. It enables active community participation, fosters fairness and inclusivity, and ensures a reliable and efficient funding process. By implementing our proposal, Cardano becomes a powerful force for positive change, setting a precedent for decentralized governance mechanisms and supporting the growth and success of innovative projects.

[IMPACT] How do you intend to measure the success of your project?

Measuring the success of our project extends beyond traditional metrics. In addition to assessing community engagement and project outcomes, we aim to prioritize inclusivity, diversity, and equal opportunities for all. Our project's success lies in its ability to empower minorities, provide access to work based on skillsets, and foster a tightly-knit community that collaborates effectively.

By implementing our innovative funding mechanism, we strive to create an environment where people of all backgrounds can actively participate and contribute their unique skills. Success will be measured by the increased representation of underrepresented groups, the creation of equal opportunities, and the establishment of a bonded community that works together harmoniously.

To gauge the project's impact, we will collect qualitative feedback through surveys, interviews, and community discussions. These insights will help us understand the extent to which we have achieved our goals of inclusivity, equal opportunities, and community bonding. By focusing on these qualitative measures alongside traditional metrics, we can holistically evaluate the success of our project in creating a more diverse, inclusive, and collaborative Cardano ecosystem.

[IMPACT] Please describe your plans to share the outputs and results of your project?

We plan to share the outputs and results of our project through an open-source approach. As we believe in the principles of decentralization, we aim to make all aspects of our project accessible to the community. This includes sharing the smart contracts, codebase, and technical documentation for others to learn from and build upon.

Through open-sourcing, we encourage community participation, allowing individuals and groups to contribute, provide feedback, and propose enhancements. This collaborative approach fosters innovation and ensures the project's continuous improvement and adaptability.

We believe in the power of collaboration and the collective intelligence of the community in driving the growth and success of decentralized governance initiatives.

[CAPABILITY/ FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability?

As a team of two the project's success extends beyond personal achievements. We measure success by the creation and flourishing of a vibrant community. Our collective skillset encompasses years of experience in technological, cultural, and political domains.

While we may not have a track record in blockchain development, our diverse expertise allows us to approach the project with a holistic understanding of the ecosystem. We prioritize building trust and accountability through open communication, transparency, and collaboration.

Our commitment lies in nurturing a strong community where individuals from all backgrounds can contribute based on their skillsets. We believe that the success of the project is realized when this inclusive and collaborative community is established.

We are dedicated to creating an environment where trust is cultivated through active engagement, continuous learning, and adaptation. By leveraging our diverse skillset and fostering community participation, we are confident in our capability to deliver the project with high levels of trust and accountability.

[CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?

Our project aims to establish a decentralized and autonomous innovation and culture funding mechanism within the Cardano ecosystem. Our goals include creating a safe, fair, and inclusive network neighborhood that empowers community members and fosters creativity and innovation.

To validate the feasibility of our approach, we will follow several steps. Firstly, we will conduct a comprehensive technical assessment to ensure the compatibility and functionality of our smart contracts within the Cardano blockchain. Thorough testing will be conducted to identify and address any vulnerabilities.

Secondly, we will engage in community outreach campaigns, seeking feedback and participation from a diverse range of stakeholders within and outside of the Cardano ecosystem. By involving the community in the proposal submission, voting, and funding processes, we will assess the level of interest, engagement, and acceptance of our approach.

Furthermore, we will closely monitor the performance and effectiveness of our funding mechanism using key performance indicators (KPIs) such as community engagement, proposal acceptance rates, funding allocation efficiency, and project outcomes. These metrics will enable us to evaluate the success and impact of our project and make necessary adjustments to improve its feasibility.

By aligning our goals with the values of a decentralized ecosystem and actively involving the community in the validation process, we will ensure the feasibility and effectiveness of our approach in achieving the desired outcomes for the project.

[CAPABILITY/ FEASIBILITY] Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

To ensure an effective and collaborative implementation of the project, we propose the following 3 milestones, each spanning 2 months:

Milestone 1: Foundation and Development

• Define project goals, roadmap, and milestones
• Develop and test smart contracts on the testnet
• Engage the community for feedback and improvements
• Foster collaboration and open-source contributions

Milestone 2: Iteration and Refinement

• Incorporate feedback to enhance the funding mechanism
• Improve user interface and features based on community needs
• Address any vulnerabilities
• Encourage community participation and gather insights

Milestone 3: Launch and Mainnet Deployment

• Prepare for mainnet deployment, ensuring stability and readiness
• Launch the funding mechanism on the Cardano mainnet
• Monitor system performance and gather user feedback
• Continuously iterate and improve the solution based on real-world usage

This approach emphasizes an open-source and collaborative nature, leveraging community involvement, and encouraging contributions from diverse perspectives. By following these milestones, we can ensure an efficient and tested implementation, leading to a successful launch of the decentralized funding mechanism on the Cardano mainnet.

[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.

Milestone 1: Foundation and Development

Deliverables: Project goals, roadmap, developed smart contracts.

Outcomes: Solid foundation, functional smart contracts, increased community involvement.

Milestone 2: Iteration and Refinement

Deliverables: Refined mechanism, improved user interface, enhanced community participation.

Outcomes: Robust mechanism, improved user experience, increased community satisfaction.

Milestone 3: Launch and Mainnet Deployment

Deliverables: Mainnet deployment, successful launch, monitoring, continuous iteration.

Outcomes: Stable deployment, user feedback, adoption.

[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.

Budget Breakdown:

1. Development and Implementation Costs:

• Smart contract development: 80,000 ADA
• User interface design and development: 50,000 ADA

1. Community Engagement and Outreach:

• Marketing and outreach campaigns: 40,000 ADA

1. Operational Expenses:

• Project management and coordination: 30,000 ADA
• Legal and administrative fees: 20,000 ADA

1. Reserve for Community Participation and Commits:

• Reserved for community participation and commits through our funding mechanism: 100,000 ADA

Total Budget Request: 300,000 ADA

Note: The budget breakdown is an estimate and subject to adjustments based on project needs.

[RESOURCES & VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

The cost of the project represents value for money for the Cardano ecosystem in several ways. First, the development of a decentralized and autonomous funding mechanism will foster innovation, creativity, and cultural development within the ecosystem. This will attract a diverse range of projects and participants, ultimately enhancing the overall value and growth of Cardano.

Additionally, the project's focus on community engagement and inclusivity ensures that the funding mechanism benefits a wide range of individuals and groups. By providing equal opportunities and access to funding based on merit and community support, the project promotes fairness and transparency, aligning with the core values of Cardano.

Furthermore, the open-source nature of the project allows for collaboration and knowledge sharing, benefiting not only the Cardano ecosystem but also other decentralized autonomous organizations (DAOs) seeking similar solutions. This collective effort promotes the advancement of blockchain technology and contributes to the broader ecosystem's development.

Overall, the cost of the project represents an investment in creating a vibrant and thriving Cardano ecosystem, where innovation, culture, and community flourish. The long-term benefits and impact generated by the project will far outweigh the initial cost, making it a valuable and worthwhile endeavor for the Cardano ecosystem.

[IMPORTANT NOTE] The Applicant agreed to Fund10 rules and also that data in the Submission Form and other data provided by the project team during the course of the project will be publicly available.

I Accept