Integrating ADA into multichain crowdfunding platform [Charity Impact]

[GENERAL] Name and surname of main applicant

Lea Chisholm

[GENERAL] Email address of main applicant

lea@charitynetwork.net

Additional applicants

Steven Malca (founder, CEO and chief software engineer)

Claudia Peter (co-CEO)

Joshua Hernandez (lead software engineer)

Yudith Serrano (software engineer)

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

3

[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 fully open source.

[METADATA] Category of Proposal

Wallet

[IMPACT] Please describe your proposed solution.

Currently, there are numerous crowdfunding platforms available for fiat or single cryptocurrencies, and very few multichain solutions. This fragmentation forces charities and nonprofit organizations to create campaigns on multiple platforms, leading to inefficiency and impracticality, and hampers investors’ abilities to source charitable projects to which they wish to contribute. 

Our single-point-of-contact multichain site seeks to mitigate this problem by streamlining the fundraising landscape. Using our site, complex fundraising campaigns and donations administration are managed with our integrated project-announcement feature, custom landing pages, widgets and CRM donation tracking, allowing our NPOs to redirect their resources to focus on their core mission. Donors benefit from the platform’s database of verified and legal charities, its offering of various currencies, automatically generated tax receipts, and its updates and reports features, which allows charities to share their accomplishments directly with their investors. Furthermore, our platform aims to empower the worldwide charity network through DeFi. By enabling charities to receive contributions in different currencies, charities can overcome international transfer barriers established by the traditional financial system, protect their capital from fluctuating currencies in their countries of origin, and potentially earn on their wealth as activity on the Cardano blockchain grows.

In order to enhance our multichain offering, we have identified Cardano as a vital role player in the DeFi space. This project seeks to integrate ADA into our multichain platform, empowering the charity network within the Cardano ecosystem. Once integrated, every nonprofit organization (NPO) we onboard onto our platform will have a Cardano wallet automatically generated and managed by our back-end system, which will give the organizations the option of downloading their keys. Payment forms, a donation tracking system, and a real-time currency evaluation system will be integrated with Cardano. Registered NPOs will be able to manage their wallets, transfer finances into fiat through Stripe integration, email their donors, and release updates and reports on their custom landing pages. Investors and potential investors will be able to read about the different charities, their reports and projects, they will be able to donate finances directly to the NPOs in ADA, and they will automatically be generated tax documentation upon completed transactions.

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

Once we launch the platform with multiple blockchains integrated, we will migrate our existing charity network from SAI (https://www.sai.ngo/) and BeeTogether (https://bee-together.org/) to the new platform. With every wallet and transaction generated through our site, we empower the ecosystem of each integrated crypto-currency and add to the value of the coin itself. By running ads we aim to boost the platform and increase its reach, bringing more people into its ecosystem. 

Other benefits for the Cardano ecosystem include:

1. Our integration code will be open sourced, to be freely used by other developers.
2. An integration with our platform provides Cardano with exposure to our social media audience, amplifying visibility and increasing brand recognition.
3. Cross-linking with Charity Impact enhances credibility and trust, attracting potential investors and users.
4. A blockchain's involvement in social good is beneficial on multiple fronts. Firstly, it enhances their reputation as responsible actors in the digital landscape. By actively contributing to social causes, blockchains demonstrate their commitment to making a positive impact. Secondly, aligning with social good meets the expectations of an increasingly conscious public. People appreciate and support entities that prioritize social welfare. Finally, the collaboration between corporates and blockchains amplifies their collective ability to drive meaningful change in the world. Together, they possess the potential to tackle global challenges and foster a better future for all.

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

The integration of ADA into our platform will take a maximum of three months. Success for our project means integrating a secure, seamless and user-friendly method of transacting on our site using ADA.

We aim to onboard a minimum of 20 charities onto our platform by the end of 2023, creating 20 new active Cardano wallets. These charities will be identified through our existing charity networks, including the South American Initiative (SAI) (https://www.sai.ngo/) and BeeTogether (https://bee-together.org/), and leveraging traditional marketing tactics, such as social media campaigns and Google ads. Furthermore, we aim to onboard a minimum of six cryptocurrencies onto our platform before the end of 2023, and to raise a minimum of $50 000 USD through our platform before the end of 2024.

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

We will share our plans and project results with the community via our social media platforms: https://linktr.ee/charityimpact

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

Our diverse international team is dedicated to social and environmental justice. With a combined track record of a decade’s work in the charity sector, our CEOs carry with them a vast network of charitable organizations who will benefit from this Cardano integration. Our development team (https://malcacorp.com/), led by our founder and CEO Steven Malca, has extensive experience working on large-scale projects, including Instant Vital Records (https://instantvitalrecords.com/), Global Tal (https://globaltel.com/), and South American Initiative (https://sai.ngo). These projects have required significant expertise in various domains, such as data management, security, and scalability. Leveraging their knowledge and skills, our team has delivered innovative solutions that have made a positive impact on people's lives. 

We have handled grant funding in the past. In 2022 we were awarded a grant from NEAR Protocol of $50 000 USD. This grant was used to support the founding of the company, set up the development tools needed to develop the website and integration processes, integrate the NEAR currency into the site, develop the website, and cover hosting expenses. This project has been successfully completed. Please find a reference letter from NEAR Protocol's CFO Yessin Schiegg here: https://drive.google.com/drive/folders/1j4_yoWsN4WcJ28weYFOru1dBKqZIrQuS?usp=drive_link

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

The project will be developed using PHP integrated with Python. We have already tested our concept through the successful integration of NEAR Protocol on our live site. Our team will now use our existing architecture that is currently running our platform to integrate with Cardano. We will validate the achievement of our goals by providing the codes and demonstrations.

Once this project is complete, a Cardano wallet and an automatic generation of the wallet for each NPO will be integrated within the site. Payment forms, a donation tracking system, and a real-time currency evaluation system will be integrated with Cardano. Registered NPOs will be able to manage their wallets, transfer finances into fiat through Stripe integration, email their donors, and release updates and reports on their custom landing pages. Investors and potential investors will be able to read about the different charities, their reports and projects, they will be able to donate finances directly to the NPOs in ADA, and they will automatically receive the relevant tax documentation upon completed transactions.

[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.

The integration of the Cardano currency ino the platform will take a maximum of three months and will be broken down into three milestones:

Milestone 1

Duration: 4 weeks

Budget: $ 5’000 USD / 17’000 ADA

Deliverables: integrating the Cardano wallet; integrating the automatic generation of the wallet for each organization. 

Full-time employees: 2 developers

Milestone 2

Duration: 6 weeks

Budget: $10’000 USD / 34’000 ADA

Deliverables: integrating ADA into the payment form; integrating ADA into the donation tracking and the CRM; integrating ADA into the email system; integrating ADA into the real-time currency evaluation function.

Full-time employees: 2 developers

Milestone 3

Duration: 2 weeks

Budget: $2’000 USD / 7’000 ADA

Deliverables: final testing and changes.

Full-time employees: 2 developers

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

Milestone 1

Duration: 4 weeks 

Deliverables: 

1. integrating the Cardano wallet.
2. Functionality: once complete, charities who already have a Cardano wallet can create a profile
3. Measurement: once complete, we will provide you with a code and demonstration
4. integrating the automatic generation of the wallet for each organization. 
5. Functionality: once complete, charities who do not own a Cardano wallet will receive an automated wallet
6. Measurement: once complete, we will provide you with a demonstration

Milestone 2

Duration: 6 weeks

Deliverables:

1. Connecting the existing payment form with Cardano; 
2. Functionality: once complete, ADA will be added to the payment form
3. Measurement: once complete, we will provide you with a code and demonstration
4. integrating ADA with the existing donation tracking system and the CRM
5. Functionality: once complete, the numbers and the system are updated automatically
6. Measurement: once complete, we will provide you with a code and demonstration
7. integrating ADA into the email system; 
8. Functionality: once complete, tax documents will be automatically emailed to donors upon completed ADA transactions
9. Measurement: once complete, we will provide you with a code and demonstration
10. integrating ADA into the real-time currency evaluation.
11. Functionality: once complete, ADA will be added to the real-time currency evaluation and will be automatically updated
12. Measurement: once complete, we will provide you with a code and demonstration

Milestone 3

Duration: 2 weeks

Deliverables: 

1. final testing and changes.
2. Functionality: once complete, all functions will have been integrated with ADA and the project will be complete.
3. Measurement: once complete, we will provide you with a code and demonstration

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

The total budget of $17’000 USD / 58’000 ADA is being used to cover the costs of our two developers through the integration process. We have contracted Malca Corporation to build the software, who are charging a set price for the integration, based on the country’s standard salary rates for developers. The two developers have a combined experience of 12 years developing on the blockchain. 

Milestone 1

Duration: 4 weeks

Budget: $5 000 USD

Number of full-time employees: two developers

Milestone 2

Duration: 6 weeks

Budget: $10 000 USD

Number of full-time employees: two developers

Milestone 3

Duration: 2 weeks

Budget: $2 000 USD

Number of full-time employees: two developers

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

The amount of $ 17 000 USD / 58'000 ADA is being used to cover the costs of our two developers through the integration process. We have contracted Malca Corporation to build the software, who are charging a set price for the integration, based on the country’s standard salary rates for developers. The two developers have a combined experience of 12 years developing on the blockchain.

In return, every NPO we onboard onto our platform will be simultaneously on-boarded onto the Cardano ecosystem. Furthermore, our marketing campaigns for Charity Impact will promote Cardano and showcase it as a socially and environmentally conscious blockchain.

[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