Clean Air Token (CAT)
Problem
As prices of cryptocurrencies upsurge and user adoption increases, the amount of energy consumed by cryptocurrency firms will increase over time precipitating climate threats.
Solution
The CAT token is etched on the crytocurrency blockchain which is to be developed to reduce the carbon emissions of the whole cryptocurrency network.
Total to date
This is the total amount allocated to Clean Air Token (CAT).
About this idea
[GENERAL] Name and surname of main applicant
Albert Ninepence[GENERAL] Email address of main applicant
aninepence@yahoo.comAdditional applicants
John Anderson
Joshua Ninepence
[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?
Yes[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.”
The dependency is the technological design and development where we are going to outsource the expertise from a very experienced firm and personnel.
[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
Other[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.
A critical challenge to Ethereum in this era is attempting to transition to low energy mechanisms. According to Digiconomists, the average Ethereum transaction required 268.6 kilowatt-hours of electricity, which is the same amount of power that an average U.S. household consumes in 9.08 days . In view of this, the CAT token is being developed to reduce the crytocurrency blockchain carbon footprint.
CAT token is an environmentally friendly token being developed to produce zero carbon emissions to the environment. The CAT token is etched on the crytocurrency blockchain which is to be developed to reduce the carbon emissions of the whole cryptocurrency network. Hence, as traders buy in or engage in economic exchanges of the CAT token, it reduces the whole crypto network emissions. The CAT token is being developed to utilize the lowest amount of energy and as such as the CAT token activities accelerates, it declines the network carbon emissions and costs of the Ethereum blockchain.
The CAT token is developed to enable all other digital crypto tokens on the Crypto blockchain to easily exchange for a CAT at no transactional costs in a way to help mitigate the carbon footprint of the Cardano blockchain.
CAT token is being developed as the cheapest and reliable token on the crypto blockchain. The CAT token is developed to produce the lowest transaction costs on the crypto blockchain. Hence users can acquire CAT token with reduced transaction costs to improve utility and value of users.
Moreover, the CAT token is developed to provide maximum security to token owners. The CAT token is designed such that each token has its own unique cryptographic reference to the Ethereum blockchain. The CAT token is developed in a way that it detects and discards fraudulent activities against the token. The CAT token cross-references transactions to ensure that transactions involving the CAT token is not dubious or inauthentic.
[IMPACT] How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
The proposed solution of the CAT which had been developed as the cheapest token will help the cryptocurrency blockchains to reduce their carbon emissions because the more they buy out the CAT, the more they are able to reduce their carbon footprints. The CAT 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 carbon emissions of 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 carbon footprints. Also, the ecosystem members can use the CAT to detect and prevent fraudulent activities against their projects.
[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 CAT I have organized 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.
I also hold over 6 years experience working in financial and banking industries of which the skills will be leveraged to run CAT.
We have worked and developed businesses, research work and projects for institutions across the world in UK, America, South Africa, Europe, Africa among others.
[CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?
The goals of CAT within 5 years is to develop to become a global brand. Over the years, CAT aims to commence operation by launching with major exchanges. CAT concept is directed at addressing global climate change, through building on the crypto blockchain to curtail its carbon footprint .
In view of this, CAT will launch an aggressive advertisement to make the idea prominent to various institutions and individuals across the world. CAT aims to work with other institutions abroad for partnership to expand horizons. Within the next 5 years, CAT should be able to mitigate carbon emissions of the crypto blockchain by about 0. 001% .
[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 - 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.
[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.
Developers of CAT token will work assiduously to launch the CAT tokens on the market in the shortest possible time.
The symbol of Clean Air Token is CAT which is represented by the image of a white CAT
Initially, the CAT will create a total supply of 10 billion CAT. This is to be sold at 0.000001 (6 decimals) as the starting price on exchanges
5 billion of the CAT will be locked for a period of 2 years while the other 5 billion will be released for public sales.
500 million CAT will be offered for presale .
10 million of CAT will be set aside to given to the UN and charities to support climate change activities.
The CAT is to be sold at unlimited supply cap
200 million CAT will be offered to the people and firms that contributed to make CAT a reality.
[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.
Analytics and requirements gathering -$5000
Design-5000
Development-10000
Testing-5000
Launching-15000
Technical support-10000
[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 AcceptTeam
CAT 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. 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 3 years experience working in financial and banking industries of which the skills will be leveraged to run CAT. Also, we have managed a fruitful animal farm known as Royal Farms which manages rearing of grasscutters. Our daily operations involves looking for opportunities to expand the firm while ensuring all members function efficiently.
There is also a Financial Manager that controls the finances of the firm to ensure that it is sustainable financially. He has an MBA in Finance with 5 years experience working in investment banks. He also works in soliciting for funds from institutions to expand CAT operation. CAT also boasts of a Marketer who is well versed in Business and Entrepreneurship. She holds MSc in Marketing. She has helped marketed two successful product brands in Ghana and has the capacity to take risks to facilitate social change. She is also an astute consultant for businesses in Ghana that enables businesses explore strategic opportunities. She is at the hub of facilitating CAT brand across the world.
Furthermore, CAT has a business consultant/development expert. His role is to mentor CAT into a fully grown global firm. He runs a successful organization with over ten years experience in business development. He holds an MSc in Business Management. He provides concrete advise in shaping the image and structures of CAT. He also has five years experience in consulting for government that assist them explore opportunities within countries to help salvage growing debts.
