360 Crypto Remittance Token

[GENERAL] Name and surname of main applicant

Albert Ninepence

[GENERAL] Email address of main applicant

aninepence@yahoo.com

Additional applicants

John Anderson

Joshua Ninepence

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

5

[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

[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 open source

[METADATA] Category of proposal

Dev Team

[METADATA] SDG rating

SDG goals:

Ensure healthy lives and promote well-being for all at all ages

Make cities and human settlements inclusive, safe, resilient and sustainable

Take urgent action to combat climate change and its impacts

Conserve and sustainably use the oceans, seas and marine resources for sustainable development

SDG subgoals:

By 2030, reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality and municipal and other waste management

Key Performance Indicator (KPI):

Proportion of municipal solid waste collected and managed in controlled facilities out of total municipal waste generated, by cities

Universal Human Rights Index (UHRI):

#proposertoolsdg

[IMPACT] Please describe your proposed solution.

Each year multi-billions of dollars are sent by migrant workers to their home countries. However, the cost of sending these inflows of funds continue to be a challenge in proving sustainable flow of funds. It is desirable that an efficient system or tool that promotes smart and stable remittances growth be explored. 

360 Crypto Remittance Token is a remedy to the high transactional costs of transferring foreign funds to home countries. The 360 Crypto Remittance Token allows users to instantly send crypto as remittances to any person across the globe.

360 Crypto Remittance Token solutions provides the cheapest way of sending remittances than any  remittance business network.  Users of 360 Crypto Remittance Token will be able to buy the token at a lower cost and send to people across the globe. Users who buy a 360 Crypto Remittance token will be able to buy the token in any part across the world at a low rate and store them within their wallet or send the token to their home countries recipient wallets. People who receive 360 Crypto Remittance Tokens will be able to store the tokens in their wallets and transfer the funds to their bank accounts. This enables both the sender and recipient of the 360 Crypto Remittance Token to effectively reduce international transfer charges and recipients of remittances can instantly receive funds within their wallets. The 360 Crypto Remittance Token tend to provide convenience, security and non-disclosure of identity to both the sender and recipient of the token.

 360 Crypto Remittance Token is being created to enable migrants in foreign countries store remittance funds in a save haven. The remittance funds stored can be saved within the 360 Crypto Remittance Token. Furthermore, the 360 Crypto Remittance Token can be sent daily, weekly, monthly, yearly or any point in time at all at an affordable cheapest cost. The 360 Crypto Remittance token  has been created in a way to enable holders to easily exchange the token into other tokens within the Cardano/ Ethereum blockchain and send funds from other digital assets on the Ethereum blockchain as remittances.

 In some countries where migrants find themselves, there are restrictions of capital around the country which tends to make to it challenging to migrants to engage in sustainable economic activities and sending of remittances . The 360 Crypto Remittance Token created will enable migrants to have a secure hub to  save their funds and avoid threats of thefts and fraud. With this token, holders will be able to pay and receive funds and migrants can also use their stored funds to provide loans to other migrants and businesses.  

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

The 360 Crypto Remittance Token had been developed to achieve maximum value for their investment income at lowest transactional costs so the more users buy, the more it is able to reduce the cost of transferring remittances to the cryptocurrency networks. It will benefit the ecosystem in terms of growth. More people will be drawn to Cardano to develop their projects since they know they can work and reduce their transfer of funds costs to business partners and close relations.

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

First, we shall be able to measure the success of our project if we complete the whole project and launch on various networks. Also, as the market cap of the token grows, we shall be able to tell how fruitful the project has been. Furthermore, as we are able to get the crypto blockchains to mitigate their carbon footprints.

The tokens innovation will help the Cardano blockchain to reduce its carbon footprints in both the short and long term

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

The impacts of the projects will be shared with the general public. We intend to share opportunities with the members of the Cardano ecosystem. We will be glad if we can even get to partner with the Cardano team to develop this token. We shall utilize the results of the project to improve the outcome of the token.

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

    To develop and launch the 360 Crypto Remittance Token is made up of a team of five pundits executing its solution. Currently, we have two co-founders. Three people from the team of which two are co-founders, are all LSE Masters graduates with first degrees in Business Administration from top universities including certificates from Ivy League Universities. As co-founders, we have successfully managed an NGO known as Upper Progress. Through this NGO, we have raised funds to provide support for needy communities. 

We also hold over 6 years experience working in financial and banking industries of which the skills will be leveraged to run 360 Crypto Remittance Token. 

 We have also successfully launched an NFT project being listed on the Ethereum and Polygon blockchains.

We have worked and developed businesses, research work and projects for institutions across the world in UK, America, South Africa, Europe, Africa among others.

 There is also a Financial Manager with seasoned myriad amount of knowledge and an astute Marketer who  will work in various settings to drive sustainability and undertake risks to enhance the fruitfulness of the 360 Crypto Remittance Token.

Furthermore, there is also a business development expert who will shape the image and structures of 360 Crypto Remittance Token to promote its efficiency and maximum value for investors in the token.

 

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

The goals of 360 Crypto Remittance Token within 5 years involves the following:

To  provide the lowest remittance transaction cost and simplify it.

To develop to become the global brand for sending and receiving  remittances.

To launch an aggressive advertisement and marketing to gain 1% share of the global remittances market.

To build a safe security for migrants to save, invest and transfer funds.

We shall be able to measure the success of our project if we complete the whole project and launch on various networks. Also, as the market cap of the token grows, we shall be able to tell how fruitful the project has been. We shall use the reviews of customers/ users as well developer entrepreneyrs to validate on the feasibility on the project as well.

[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.

Analytics and requirements gathering -$5000

Design-5000

Development-10000

Testing-5000

Launching-15000

Technical support-10000

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

Developers of 360 Crypto Remittance Token will work incessantly to launch the tokens on the market in the shortest possible time.

The symbol of 360 Crypto Remittance Token  is represented by the image of a white dove with a green leaf at its beak. This symbols has the signification of peace which explains that by using the 360 Crypto Remittance Token, migrants will gain peace in their economic transactions.

 Initially, the 360 Crypto Remittance Token will create a total supply of 100 billion 360 Crypto Remittance Tokens.  This is to be sold at 0.0000001 (7 decimals) as the starting price on exchanges.

50 billion of the 360 Crypto Remittance Tokens will be locked for a period of 2 years while the other 50 billion will be released for public sales.

700 million 360 Crypto Remittance Tokens will be offered for presale .

10 million of 360 Crypto Remittance Tokens will be set aside to be given to the UN and charities to curb migration challenges.. 

 

The 360 Crypto Remittance Tokens is to be sold at unlimited supply cap .

200 million 360 Crypto Remittance Tokens will be offered to the people and firms that contributed to make 360 Crypto Remittance Token a reality.

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

Analytics and requirements gathering - Research and working with seasoned consultants

Design- Drafting and decoration of tokens

Development- Working with technological experts build the token

Testing- Working with engineers to ensure token achieves its goals

Launching-Marketing and putting token out to general public

Technical support- Technical experts and advisors who will be working behind to ensure tokens success.

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

The project costs really reflects value for money because majority of the fund will be going to the design and development of the token. With the changing economic landscape and costs, the funds is expected to be judiciously utilized to produce the outcome of the product. The outcome is going to benefit the whole environment so it is a sure value for money.

[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