Africa Stakepool Alliance

[GENERAL] Name and surname of main applicant

Razali Samsudin

[GENERAL] Email address of main applicant

sustainableada@gmail.com

Additional applicants

Razali Samsudin

Cole Bartlett

Affendi Samsudin

A Samsudin Brothers Projek

Sustainable ADA

Impact Web3

Josh F - wada

wada team and hubs

Goma Stakepool Team

[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

[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

SPOs

[METADATA] SDG rating

SDG goals:

Goal 4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all

Goal 8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

Goal 9. Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

Goal 11. Make cities and human settlements inclusive, safe, resilient and sustainable

SDG subgoals:

4.7 By 2030, ensure that all learners acquire the knowledge and skills needed to promote sustainable development, including, among others, through education for sustainable development and sustainable lifestyles, human rights, gender equality, promotion of a culture of peace and non-violence, global citizenship and appreciation of cultural diversity and of culture’s contribution to sustainable development

8.6 By 2020, substantially reduce the proportion of youth not in employment, education or training

9.c Significantly increase access to information and communications technology and strive to provide universal and affordable access to the Internet in least developed countries by 2020

11.4 Strengthen efforts to protect and safeguard the world’s cultural and natural heritage

#proposertoolsdg

[IMPACT] Please describe your proposed solution.

Our Solution:

Formalizing and developing a framework for an Africa Stakepool Alliance.

Bridging the gap between the Cardano ecosystem of single pool operators, the impact investing world, and would be delegators.

Accelerating progress to an equitable and sustainable world supported by an impactful Africa Stakepool Alliance.

An Alliance collaborating, combining and sharing resources in order to provide a clear, coherent and understandable offering to diverse stakeholders.

An Alliance that will effectively communicate and demonstrate the opportunities for investors/delegators to not only make a return on their investment, but to also have a positive social and environmental impact via supporting mission driven, single pool operators, the change makers on the ground in Africa.

In order to drive change where it is most needed, and to ensure finances are optimally used for maximum positive impact, accurate and trustworthy data is necessary to make informed decisions.

Having said that, “statistics alone do not feed the hungry, create jobs or provide social services but they are critical in helping us to better understand the challenges, and to design more effective policies for inclusive, sustainable and resilient development.” - UNESCAP, 2017

What is Impact Investing?

https://www.youtube.com/watch?v=jv3oKGUbCPo

“Impact investing is not an asset class. It is an investment approach, across all asset classes, themes and geographies, and has a full range of risks and returns.”

Why Africa?

Africa is the 2nd most populated continent in the world, and the youngest continent in the world with 60% of its population under the age of 25 in 2019 (Statista, 2021).

With blockchain being the number 1 in demand hard skill of 2020, our proposal seeks to catalyze, cultivate and encourage the burgeoning interest amongst the architects and entrepreneurs of the future in blockchain and related technologies in the digital economy.

Business schools switch focus to people, purpose and planet l FT

“We face an analogous situation in impact investing. Business schools can help to fill the gap. Graduates who are not trained to understand the social impact of the great breakthroughs happening in technology, biology, physics and other essential areas are less likely to understand the risks and rewards of investing in these innovations to overcome poverty and climate change… If business schools can capture this essential interplay between profit and purpose, they will go a long way to teaching their students that impact and a strong focus on environmental, social and governance factors are not just nice things to have, but bedrocks of sound financial investments.”

- https://www.ft.com/content/3f1d912e-17b1-4d6e-ad28-20e52ed61ea0?shareType=nongift

Cardano and its stake pool operators operating out of Africa and Asia, the two most populated continents globally, are perfectly situated to drive Cardano towards impact purposes, and provide many services across multiple fronts such as education, financing positive social and environmental initiatives and helping to uplift communities from poverty to prosperity through economic security and financial and digital literacy and upskilling. Such mission driven SPOs should be on the radar of the impact investors coming out of business schools across the world.

“In order to effectively and efficiently ensure that impactful changes are made, it is essential that interventions are based on evidence rather than assumptions. Blockchain technologies can play a crucial part in establishing the required chain of evidence for environmental compliance: validating sources of emissions data, informing policy decisions, providing evidence of compliance, and monitoring impacts in a transparent and incontrovertible way.” - https://static.iohk.io/green-blockchain-paper.pdf

Single SPO’s play an essential and integral role in ensuring Cardano remains a secure and decentralized network. Mission driven pools are also at the frontier of a paradigm shift in disrupting legacy systems and methods of directing finance to solve local and global problems.

Having said that, single SPOs everywhere have been struggling. A common theme pops up all around the community, the challenge of marketing a SPO and its benefits.

Simply put, they are failing to attract more delegators to their pool. This makes operating one economically challenging and unviable for many.

In the developing world, most people are unfamiliar with web 3.0, blockchain and Cardano. Many are oblivious to the potential benefits of blockchain, staking and what even is a SPO.

In the spirit of collaboration and collective intelligence sharing, cultural and knowledge exchange, we propose that a structured and organized Africa Stakepool Alliance can bring about many benefits to the Cardano community at large, the Alliance members, and provide a coherent and understandable message to would-be delegators, and potential impact investors.

Stakeholders from ecosystems currently external to Cardano, but who are open to innovative ways to support mission driven causes and actors, whilst making a return on their investment via Cardano’s innovative Proof of Stake model, will be targeted for onboarding into the Cardano ecosystem.

The Africa Stakepool Alliance can prove to be an inspiration for others globally, with others inspired to follow a path that may have previously been deemed inaccessible.

Alliances currently exist in the Cardano community and we seek to add value to this growing constellation of impact actors in the increasingly decentralized network, by providing a framework for geographically situated mission driven, single pool operators to receive support in finding their feet.

The alliance made up of single pool operators can also collectively explore the research published by IOHK that proposes the idea of Conclave, “... stake pools tend to increase centralization, since they are typically managed by a single party that acts on behalf of the pool’s members. In this work we propose Conclave, a formal design of a Collective Stake Pool, i.e., a decentralized pool with no single point of authority.” - https://iohk.io/en/research/library/papers/conclavea-collective-stake-pool-protocol/

“One day I’d love to see Enterprise employees and shareholders voting on Cardano which MDPs to delegate ESG/CSR funds to for 12mth at a time.

Scores of SDG targets would be knocked down and many missions would be funded ad infinitum

#Cardano #Blockchain #Crypto #CardanoCommunity”

- David Taylor, Global Marketing Director, Cardano Foundation

https://twitter.com/I_Am_DTaylor/status/1507430167991492625?t=P07uzndtLg_G4Z53QZtYuw&s=19

With the Africa Stakepool Alliance, in tandem with other Mission Driven Pools/Alliances, with the support of this proposal the Africa Stakepool Alliance can cover the costs, time commitment and resources needed to produce:

• An Alliance Website
• Social media channels
• External Communication materials such as an Impact Investor Pack

These efforts can support Alliance members in being seen and potentially receiving delegations from:

• financial institutions
• Corporates
• Philanthropists
• Private Equity and Venture Capital Fund managers
• Foundation Directors
• Family Office Principals/Directors
• NextGen Leaders
• Incubators
• Accelerators
• And all those who have access to significant capital, or have responsibility for large investment portfolios and are used to managing assets of High Net Worth Individuals, families or funds.

Armed with the awareness and knowledge of the happenings in the Cardano impact ecosystem, external stakeholders as listed above, and those such as individuals who are either deploying or intend to deploy capital with an impact investing lens can arrive at an array of options offered by the Africa Stakepool Alliance.

Evidence that there is indeed a desire out there for such a service and information is demonstrated with news announced at the Cardano Summit 2021. UBX, the fintech venture studio and fund spun out of UnionBank of the Philippines, opened their own public stake pool. UBX became the first in the world to run a public stake pool as a regulated institution. UBX Staking provides Filipinos a reputable and trustworthy source to earn rewards on their ADA for helping to secure and operate the Cardano blockchain. - https://www.ubx.ph/2021/10/01/ubx-leads-in-crypto-becomes-first-regulated-institution-to-run-a-public-stake-pool/

More info on the UBX stakepool:

• https://staking.ubx.ph/
• https://pool.pm/92a10197f76a6bf4e27f9c813a80b532d231e5b99da72603b2cd65fb

The Africa Stakepool Alliance will aim to include single pool operators as members from across Africa, representing Africa inclusively and reflecting its richness of cultural diversity.

Collectively the Alliance will work to improve the digital and financial literacy among its members and population, its delegators, and all those who stand to benefit from being part of this revolutionary Web3.0 digital movement, bringing power, ownership and value to all that wish to participate.

[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.

According to UN forecasts, Africa is expected to double its population by 2050, from 1 billion to nearly 2.4 billion inhabitants. Half of that population will be less than 25 years old.

World Bank figures show that young people represent 60% of the unemployed population in Africa. Among those who do have a job, the majority work in the informal economy. A report published in 2018, by the International Labour Organization (ILO) on the topic, indicated that 94.9% of people between the ages of 15 and 24 in Africa work in the informal economy. In West Africa this figure is as high as 97.9%.

DRC has the 7th youngest country in the world according to the UN. This presents a unique mix of challenges and opportunities.

The success of the GOMA stakepool in DRC as led by Genty and his team, is testament to the strength of the Cardano community with the support of the funded proposal : https://cardano.ideascale.com/c/idea/369320.

GOMA pool, and others that will join the Africa Stakepool Alliance can and will prove inspirational to others as to what is possible.

As they say, where there’s a will there’s a way!

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

Why is it necessary?

Impact investing is at its nascent stage in Africa. Although it is now getting an increasing level of attention from various actors in the social investment ecosystem, there are only a handful of impact funds and foundations that are actually practicing impact investing.

The obstacles that are hindering impact investing from gaining traction in Africa amongst wealth holders, asset managers and their advisors include the perception that it will necessitate a trade-off on financial returns, a lack of an investment-ready pipeline, inexperience in managing a portfolio, and the complexities in defining and evaluating impact measurement. - https://avpa.africa/africa-asia-impact-investing-fellowship/

With the support of this Catalyst proposal and the Cardano community, developing the Africa Stake Pool Alliance, will enable, equip and empower populations across the world’s youngest and 2nd most populated continent.

The creation and formalization of this framework and Alliance will open up new pathways for stakeholders and impact investors from the world’s largest markets.

As a coherently organized Alliance, with professional, high quality materials and resources, the Alliance can approach and be approached by stakeholders from impact investing fellowships and networks and beyond.

An Africa Stakepool Alliance can capture external stakeholder’s attention and bring attention and real financial flow where it is needed, to who needs it, by providing capital and resources to those who are best placed to understand the problems and how to solve them, those on the ground. This in turn can catalyze a positive multiplier effect with new inflows of capital unlocking the potential of grassroots change makers and organizations, helping to accelerate their progress and giving them the means to scalably have the most impact on the ground.

This proposal will work to bring all interested members/SPOs in the ecosystem, to be part of the group of ‘founding members’, to lay the groundwork and continue building towards a common vision and mission of a better world for not just those in Africa, but the whole world!

https://www.youtube.com/watch?v=gTJYOHEtn-4

$1 Billion Impact Investor Explains How She Makes Money While Making The World A Better Place

Our proposed solution develops a framework for an Africa Stakepool Alliance, which aims to bridge the gap between the Cardano ecosystem of single pool operators, the impact investing world, and potential delegators. 

This initiative will bring several further benefits to the Cardano ecosystem:

Accelerating Progress Towards an Equitable and Sustainable World: The Africa Stakepool Alliance will actively collaborate, combine resources, and provide a clear offering to diverse stakeholders. By supporting mission-driven, single pool operators in Africa, the Alliance will effectively communicate and demonstrate opportunities for investors and delegators to make a positive social and environmental impact while earning returns on their investments.

Fostering Impact Investing and Blockchain Education: With Africa being the second most populated and youngest continent, our proposal seeks to catalyze interest in blockchain technology and related fields among future architects and entrepreneurs in the digital economy. By showcasing the potential benefits of blockchain, staking, and single pool operator participation, we can attract impact investors and individuals interested in deploying capital with an impact investing lens.

Empowering Mission-Driven Stake Pool Operators: Single stake pool operators play a crucial role in maintaining Cardano's security and decentralization. However, many struggle to market their pools effectively and attract delegators. Through the Africa Stakepool Alliance, mission-driven pools will receive support and resources to enhance their visibility and attract delegations from financial institutions, corporates, philanthropists, venture capital funds, and other impact-focused entities.

Establishing Trustworthy Impact Investment Opportunities: The Alliance will develop an online presence, including a dedicated website and social media channels, along with external communication materials such as an Impact Investor Pack. These efforts will enable Alliance members to present themselves as reputable and trustworthy options for impact investors. Stakeholders from around the world will have access to information about the Cardano impact ecosystem and be able to explore investment opportunities offered by the Alliance.

Demonstrating the Potential of Cardano Impact Ecosystem: The Africa Stakepool Alliance can serve as an inspiration to other regions globally, encouraging the formation of similar mission-driven pools/alliances. By showcasing successful initiatives like GOMA stakepool in the Democratic Republic of Congo, the Alliance will demonstrate what is possible and motivate others to follow a similar path.

Catalyzing Positive Change: Impact investing is at an early stage in Africa, and there is a lack of investment-ready pipelines and experience in managing impact portfolios.

The Africa Stakepool Alliance, supported by this Catalyst proposal, will equip and empower the continent's population, particularly the youth, by providing pathways to participate in the Web3.0 digital movement. 

With professional resources and high-quality materials, the Alliance can attract attention and real financial flows to grassroots change makers and organizations, accelerating their progress and unlocking their potential.

By developing the Africa Stakepool Alliance and formalizing its operations, we will not only bring benefits to the Cardano ecosystem but also foster impact investing, economic development, and social and environmental progress in Africa and beyond.

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

The deliverable/s and KPIs will be:

• Onboarding process how to guide A-Z Africa SPO document
• Telegram managed channel for Africa SPOs and community support
• Open access database of Africa SPOs (Africa based and those supporting Africa with mission driven causes - once vetted) - https://docs.google.com/spreadsheets/d/1C8dG__cEmiScN1YTk8jZL_efV4Ih4p1rMeRRgiWa5Gk/edit?usp=sharing

• Input Metrics (leading indicators):
• number of promotions for the service on public forums, telegram groups, and twitter
• number of qualifying projects (peer verified)
• number of qualifying stake pools (peer verified)

• Output Metrics (lagging indicators):
• number of SPOs and projects that work together
• amount of delegated ADA to these pools before and after partnering
• amount of rewards generated before and after partnering

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

The development and outcome of the project will be regularly published on our social media accounts and websites that will be created (we will explore creating a website on web 3.0 infrastructure using unstoppable domains that are yoroi wallet compatible and also a webpage and payment address all in one that bridges to other blockchain ecosystems).

We will also share and host AMAs in public town halls, such as the Africa Town Hall, and twitterspaces.

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

More about Capability & Feasibility

Our accountability and dedication to the Cardano community can be seen with all the efforts our small team has done in the past and is still continuing to build and support the ecosystem. 

We have had a lot of success while growing Sustainable ADA over the last few years. We have been closely connected to the Cardano community through our Project Catalyst proposing experience. 

Learn more about all of our past funded projects here: https://sustainableada.com/catalyst/

Sustainable ADA has created: 48 individual stories on projects building in the Cardano community and making the world a better place.

More info here: https://sustainableada.com/news/

Sustainable ADA also created the Cardano Impact Report where they highlighted over 65+ Impact Project buildings on Cardano to make the world more sustainable and equitable for all. 

Free Version can be found here: https://sustainableada.com/cardano-impact-report/

More work we have taken part in:

Impact Measurement research: https://www.canva.com/design/DAFC7zRNrdg/em1s_yQDnNU6sPW6KJ8hnA/view?utm_content=DAFC7zRNrdg&utm_campaign=designshare&utm_medium=link&utm_source=publishsharelink

Positive Blockchain Cardano Integration and Project Catalyst Support:

https://positiveblockchain.io/

Partners, advisors and supporters:

Dr Mihaela Ulieru - Chief AI Alchemist SingularityNET | Former Head of Strategic Impact at IOG

https://www.linkedin.com/in/mihaelaulieru/

Alex Ross - Talk to Loop Lead | Former International Director of Programs and Partnerships at British Red Cross

https://www.linkedin.com/in/alex-ross-61453a3b/

https://talktoloop.org/

Sunny Basra - CEO of SoundRig

https://www.linkedin.com/in/sunnybasra/

https://linktr.ee/soundrig

Affendi Samsudin - Co-Founder at Streets of ADA - A Samsudin Brothers Projek team

https://twitter.com/TR1PL7

https://asamsudinbrothersprojek.gitbook.io/streets-of-ada/

Alain "Fusion" Clapham - FRSA | Curator | Educator | Public Speaker | Facilitator

The self-professed ‘Transformative Storyteller’ has presented shows for MTV and Sky, hosted events at Wembley Arena, interviewed the likes of Beyoncé, Dr Dre and Marvel-mastermind Stan Lee, and shared his story on the TED stage.

An experienced public speaker, educator and creative producer, he is now a lead facilitator for YouTube, empowering thousands of young people to become better Internet Citizens, and helps award-winning CEOs discover their own stories of transformation.

The driving force behind creative currency initiative #IITSPIRATION and founder of BMT and BWT – an immersive live experience celebrating the ‘awesome everyday’ stories of black men and women - Alain takes on all challenges with irrepressible energy, curiosity and a desire to get to the heart of the matter.

https://www.linkedin.com/in/alain-fusion-clapham-b8824b29/

https://www.instagram.com/iitstagram/?hl=en

https://www.instagram.com/bmtstories/?hl=en

Sarah Margono-Samsudin | International Development Practitioner - Education for Sustainable Development Section@UNESCO and Secretariat Member of Mission 4.7 Organisation -

https://www.linkedin.com/in/sarah-margono-samsudin-a1b41b99/

Fabrizio Shao - Adaptive Athlete | Disability Advocate | Web3 Brand Ambassador

https://www.linkedin.com/in/fabrizio-shao/

https://www.instagram.com/tv/CYHlrYXIEwC/ - Cardano Summit 2021 Keynote Speaker

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

• #no of existing Africa based single stakepool operators joining the alliance
• #no of new Africa based single stakepool operators that are created with the help of the Africa Stakepool Alliance and join the alliance
• #no of partnerships created between stakeholders external to the Cardano ecosystem and the Africa Stakepool Alliance, based single stakepool operators, that are created with the help of the Africa Stakepool Alliance and join the alliance
• #no of partnerships created between stakeholders external to the Cardano ecosystem and Africa single stakepool operators, thanks to the support of the Africa Stakepool Alliance
• # of new delegators staking with Africa Stakepool Alliance members
• Total amount in ADA (and in $USD) being staked with Africa Stakepool Alliance 

Participatory monitoring and evaluation from beginning to the end of the pilot project.

We will measure and have sign ups using google forms/sheets and have publicly accessible information that we will share via the website (soon to be made) and on the open access publicly viewable sheet

Number of sign ups that meet our criteria for the African SPO Alliance, to become listed in our open access database (google sheet)

[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.

3 month roadmap:

Month 1

• Establish a panel of project peers to evaluate and determine "proof of soul" for community projects.
• Establish a panel of SPOs to verify the security, configuration, and ensure candidate stake pools are following best practices
• Establish best practices around wallet management and margin allocation between stake pools and projects

Month 2

• Begin working with partners to find projects that are interested in stake pool support
• Outreach to xSPO and other SPO communities to find interested stake pools to come meet the projects
• Begin peer evaluation process and matchmaking

Month 3

• Publish open-source documentation on how peer review happens for projects and stake pools

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

Answer:

• Have a set of criteria and documented procedures for peer-reviewing stake pools and projects by the end of Month 1.
• Forge alliance between Asia Stakepool Alliance, Africa Stakepool Alliance, and relevant SPOs

3 months: SPOs all completed their reporting and contributed significantly to the documentation, which is well received by the community.

Longer term vision:

6 months: Feedback gathered on both the program and the current state of SPOs in Asia, what their risk profiles are and how to address their main challenges.

12 months: Second iteration of project launched, with a focus on software tools, dashboards and data management to support a larger number of SPOs.

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

Project Management = 12 months x $1000 = $12000

Website 12 months + Maintenance = $2660

• ADAHandle, Unstoppable domains and yoroi compatible web 3.0 domain and handles for addresses:one off payments for life = $100

Marketing Campaign (to SPOs and projects) = $40/hr * 10 hrs = $400

Community Management = $50/hr * 40 hrs = $2000

SPO security review process = $50/hr * 40 hrs = $2000

Pool Network Coordination = $50/hr * 20 hrs = $1000

Communication Hub Management (Discord, Telegram) = $25/hr * 10 hrs = $250

Technology and infrastructure = $500

Resources: $6000

• Translation of How to be a SPO in Africa into multiple African languages
• Template video for marketing and communications
• Youtube subtitles
• PDF packs (brochures)
• Website resources and translation plug ins

SPO incentives $10000

Total = 116,000 ADA or $36910 (ADA/USD = 1/0.32 - 17.7.23)

[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 as it enables the creation of the Operations for the Africa Stake Pool Alliance. By investing in this project you can unlock new possibilities for the Cardano community. Including a new way to onboard new people and projects to Cardano. The community will gain access to valuable insights, collaboration opportunities, and inspiration to drive positive change. 

With the support of Catalyst funding and the Cardano community, this proposal would have enabled our team to have the resources and capacity to direct focused efforts that facilitate a significant inflow and redirection of ADA, and capital from stakeholders that were external to the Cardano ecosystem before the proposition of the Africa Stakepool Alliance. 

ADA is now flowing towards and being staked with single pool operators in Africa and parts of the world that were originally marketed as the key beneficiaries of Cardano’s ambitious, innovative and disruptive solutions, including to bank the unbanked and underbanked.

The grand vision of Charles Hoskinson is a daily reality for millions more people across Asia and the diaspora. 

Change makers are able to drive positive action with the support of a decentralized network of impact oriented actors and SPOs, all aligned by common values and connected by their passion and drive to build a better, equitable and sustainable world for all.

[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