SeedlingXchange :building a decentralized platform to connect farmers and global investors.

[GENERAL] Name and surname of main applicant

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

[GENERAL] Requested funds in ada

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

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

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

We'll connect global agri-producers & consumers via our dApp platform, offer investment in real assets, and handle payments using Cardano ADA token.

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

[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.”

We will be engaging some already established farmers to use their farmland as the startup to grow agricultural produce, we will also be leveraging on the clientele of the farmers as the primary investors of the company.

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

[GENERAL] Please provide here more information on the open source status of your project outputs

NO

[SOLUTION] Please describe your proposed solution

The proposal involves creating digital platform designed on Cardano blockchain to transform the way agricultural goods are marketed and sold, connecting producers directly with consumers across the globe. This platform also integrates innovative financial technologies, including cryptocurrency and blockchain, to facilitate smoother, more secure transactions and offer investment opportunities in real assets.

The solution we propose is unique, beneficial to multiple stakeholders, and strategically important to the Cardano blockchain ecosystem. Here’s how it aligns with the key points provided:

What is Unique About Our Solution?

Our platform uniquely integrates several elements into one seamless interface:

Direct Marketplace: It allows producers to bypass traditional distribution channels and directly connect with consumers across the globe.

Currency Flexibility and Blockchain Use: Unlike typical marketplaces, this platform accepts payments in the Cardano-based token ADA for seamless and fast transaction.

Real World Asset Investments: Provides a tangible investment opportunity in agricultural venture.

Escrow payment: Our platform will utilize the escrow payment system where fund transactions between farmers/producers and consumers will be temporarily held until both parties confirm release of such funds.

Who Will Benefit?

Producers/Farmers: They gain direct access to a global market, eliminating many middlemen, which results in better prices for their products and immediate feedback from consumers. 

Consumers: By purchasing directly from the source, consumers can access fresher products at potentially lower price and at faster delivery time.

Investors: Those looking to invest in agriculture can do so more securely and transparent by utilizing our platform.

Local Economies: Developing economies will benefit from the infusion of capital and technology, potentially leading to more stable and prosperous agricultural sector and mass adoption of the Cardano ecosystem.

Why This Is Important to Cardano?

Adoption and Use Cases: By building this platform on the Cardano blockchain, we showcase its capability to handle complex, multi transactions securely and at scale. This serves as a practical example of Cardano’s utility.

Growing the Ecosystem: As more users from around the world interact with Cardano through our platform—whether as consumers, or investors—the overall ecosystem grows. This increased activity can lead to more robust development and wider adoption of the Cardano blockchain.

Promoting Blockchain for Social Good: This initiative aligns with Cardano's mission to use blockchain technology for real-world impact and social improvement, particularly in developing countries. By facilitating fairer, more efficient agricultural markets and providing new investment avenues, Cardano is positioned as a blockchain that not only offers technological advancements but also fosters socio-economic development.

[IMPACT] Please define the positive impact your project will have on the wider Cardano community

The success of our project, aimed at revolutionizing the agricultural supply chain through the Cardano blockchain promises substantial value to the Cardano community. Here’s a deeper dive into how this value will be realized, measured, and shared:

Value to the Cardano Community

Demonstrating Scalability and Versatility: By successfully operating our platform for agricultural transactions on the Cardano blockchain, we demonstrate Cardano’s scalability and versatility. This platform will handle multiple transactions across various countries, showing Cardano’s capacity to support diverse economic activities and complex, high-volume operations.

Increasing Cardano Adoption: With each transaction in Cardano ADA tokens, there will be a direct increase in the usage and circulation of ADA. This widespread use in a real-world application enhances Cardano's visibility and viability as a preferred platform for other sectors considering blockchain integration.

Enhancing Cardano’s Reputation: Implementing a project with significant social impact, such as improving the profitability for farmers and accessibility for consumers, highlights Cardano's potential to contribute to global economic and social betterment, enhancing its reputation not just as a technology but as a force for good.

Measuring Impact

Transaction Volume and Diversity: We will monitor the number and diversity of transactions conducted on the platform, including the variety of agricultural products traded, the range of national currencies converted, and the volume of ADA utilized via our dApp, these metrics will indicate the platform’s activity level and its growth over time.

User Adoption Rates: The number of active users, both producers and consumers, joining the platform will be tracked. A steady increase in user adoption will be a direct metric of success, indicating the platform’s utility and acceptance.

Investment Impact: The amount of capital raised through the platform for agricultural development and the subsequent returns on these investments will also be a critical measure of success. This will help gauge the economic impact of the project on the agricultural sector.

Sharing Outputs and Opportunities

Regular Updates and Transparency Reports: We will maintain transparency by regularly publishing updates and detailed reports on our website and through newsletters. These reports will cover operational progress, impact metrics, and case studies of successful transactions and investments.

Community Engagement and Feedback: We will actively engage with the Cardano community through forums, webinars, and conferences to share insights, gather feedback, and discuss potential improvements. This two-way communication will ensure the community is not just aware of the project’s progress but also involved in shaping its future.

Collaboration Opportunities: Success in this project could lead to further collaborations within the Cardano community, such as integrating other Cardano blockchain functionalities or exploring new marketplaces and services. We aim to establish partnerships that leverage Cardano’s capabilities and enhance the ecosystem.

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

By establishing a framework that prioritizes accountability, incorporates local and expert knowledge, employs technology, and rigorously evaluates all actions. We are dedicated to revolutionizing the world through innovation and decentralization. Our commitment to research, creativity, and inclusivity drives us to pioneer new pathways in economics, governance, education, and technology. This comprehensive approach ensures that the project can adapt and scale effectively, ultimately making a significant impact on food scarcity and agricultural productivity in Africa.

[PROJECT MILESTONES] What are the key milestones you need to achieve in order to complete your project successfully?

Months: 2

Objective: Farmer and consumer survey broadcast, designing the user interface and user experience of our dApp based on survey data collected

Tasks:

• UI Design and Architecture: Define the platform's technical requirements, focusing on scalability, security, and user experience and user interface.
• Farmer data: collecting full farmland details such as fertility of land, crop yield per year and number of stocks sold per year etc.

Acceptance criteria: showcasing our dApp designs to the Cardano team at the end of milestone completion

Month: 3

Objective: Develop our dApp prototype

Tasks:

• Develop the actual features within the platform that allow for user engagement and activities that reward them with tokens which can be used on the platform or exchanged.

Acceptance Criteria: User feedback to ensure it adds value and enhances user engagement.

Month: 1

Objective: Launch dApp prototype for testing by farmers and consumers

Tasks:

• Financial Planning: Allocate funds and create budgets for investment in agricultural projects.
• Project Selection: Identify potential farm projects that align with the platform’s goals for sustainability and product supply.
• Implementation and Management: Oversee the publicizing of dApp and adoption rate

Acceptance criteria: Content creation contest initiated.

[RESOURCES] Who is in the project team and what are their roles?

Okeowo Quam - Web3 Developer and Project lead

A Web3 Developer with over 2 years of extensive experience in blockchain technologies and decentralized application development. Demonstrated expertise in leading complex projects from conception through to successful deployment, specializing in the agricultural and fintech sectors. Combines deep technical proficiency with strong leadership skills to drive innovative solutions that leverage cutting-edge blockchain technology to address real-world challenges.

Key Qualifications:

• Blockchain Development: Proficient in developing secure and efficient smart contracts using Solidity, and experienced in multiple blockchain platforms including Ethereum, Cardano, and Polkadot, with a specific focus on Cardano for its robust capabilities in handling complex, multi-layered transactions.
• Full Stack Development: Skilled in both frontend and backend development, with expertise in React.js, Node.js, and Python. Familiar with modern development frameworks and architectural patterns essential for building scalable and maintainable web applications.
• Decentralized Finance (DeFi): Deep understanding of DeFi protocols and mechanisms, with hands-on experience in integrating blockchain-based solutions with traditional financial systems.
• Tokenomics: Knowledgeable in the creation and management of digital currencies, including utility token design, economics, and distribution strategies.
• Project Management: Proven track record in agile project management, leading cross-functional teams in fast-paced environments. Expert in mapping project timelines, managing resources, and steering projects to timely and successful deliveries.
• Stakeholder Engagement: Experienced in liaising with investors, regulatory bodies, and key stakeholders to ensure compliance and foster partnerships that enhance project viability and market penetration.

github link: https://github.com/eltrain-704

Owoeye Juwon - Developer and Marketer

Professional Experience:

• Developed a blockchain solution for a leading fintech company, streamlining transactions and reducing fraud by 25%.
• Spearheaded the integration of blockchain technology into the company’s existing financial systems, ensuring seamless interoperability and enhanced data security.

LinkedIn: https://www.linkedin.com/in/owoeyeoluwajuwonlo?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources

Budget Breakdown;

Milestone 1:

• Reaching out to farmers across Africa - 15,000 ADA
• Onboarding Designer - 5,000 ADA
• Designing of dApp UI - 10,000 ADA

Milestone 2:

• Recruitment of Web 3 Developer - 5,000 ADA
• Software development tool - 11,000 ADA
• Development of dApp prototype - 9,000 ADA

Final Milestone:

• Social Media Page Creation (TikTok, Twitter, Facebook, Instagram): 5,000 ADA
• Event for launch and testing of dApp - 15,000 ADA

Total Budget: 75,000 ADA

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

The budget breakdown reflects a strategic allocation of funds to key project components, ensuring optimal utilization and value for the Cardano ecosystem.