Empowering Human Value Exchange for Societal Contribution: The HX Project aims to transparently exchange human value, fostering social impact and individual growth.

[GENERAL] Name and surname of main applicant

Toshitaka Ueda

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

Entity (Incorporated)

[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

Yes

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

You can build assets by converting your contribution to society into value.

Let people with high value hold assets and invest in people with low value to increase value and solve problems.

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

We plan to open source everything during the development stage.

[SOLUTION] Please describe your proposed solution

The HX Project is an initiative to make an individual's skills and experience visible through HXC (Human Transformation Coin) and HFT (Human Fungible Token) to facilitate the exchange of value in the form of educational contributions to others. The value of HFT fluctuates according to supply and demand, providing a mechanism to support the growth and activities of individuals. The goal is to shift from a traditional employment model to a new economic model based on investment, which also supports the reintegration of offenders into society. This is a groundbreaking project that increases social value through the mutual exchange of value.

We will develop a crypto asset called HXC (Human Transformation Coin) that can generate social tokens; HXC is a token in the HX project and a virtual currency to visualize personal skills and experiences. On the other hand, HFT (Human Fungible Token) is a token that allows individuals to set their own HXC value and exchange value with others. The value per HXC set at the beginning of the HFT fluctuates according to supply and demand, and the value of the demand for one's own HFT increases as the individual grows and supports the activities of others, thereby increasing the value of the HFT. Through this value exchange system, an individual's skills and experiences can be recognized as socially valuable, promoting mutual support and growth.

The value of HFT (Human Fungible Token) is a system that fluctuates depending on the following factors: 1.

Supply and Demand: The value of HFT fluctuates according to the balance between supply and demand. The value increases as demand increases and decreases as supply increases. 2.

1. the value of an individual's HXC: If the value of an individual's HXC (Human Transformation Coin) increases, the value of the individual's HFT will increase accordingl

Mutual Exchange: The value of HFT fluctuates through value exchange with others. Through mutual exchange of value, the value of HFT changes in response to personal growth and activity. 4.

Market conditions: Trends in the virtual currency market and general economic conditions are also factors that affect the value of HFTs. The value will rise or fall depending on overall market conditions.

The combination of the above factors is what causes the value of HFT to rise or fall.

The world created by a successful HX project will be characterized by

1. increased transparency and fairness: Value transparency will be increased by making an individual's skills and experience visible through the Human Transformation Coin (HXC) and the Human Fungible Token (HFT

Mutual cooperation and growth: The system in which the value of HFT goes up and down through mutual exchange promotes mutual cooperation and supports the growth of individuals and the development of society as a whole. When individual growth is recognized as a social value, sustainable growth is promoted.

1. creation of a new economic model: A shift from the traditional employment-dependent economic model to a new economic model based on investment is possibl
2. solving social problems: HX projects provide a mechanism to address issues that affect society as a whole, such as helping offenders reintegrate into society and solving employment problem
3. parents can buy HXC for their own children and invest in HFT generated by their own children, thereby giving back to their parents by increasing the value of HFT, increasing the value per HFT of their children, and increasing the number of HXC assets held by the parents as their children grow and contribute to their surrounding

This is expected to create a world where transparency and fairness are enhanced, a new economic model is built to promote mutual cooperation and growth, and efforts to solve social problems are accelerated.

Japan has a project called VALU, which ran from 2017 to 2020.

This section compares the similarities and differences between VALU and the HX project.

Similarities:

1. value setting: both VALU and HX Project have a mechanism for individuals to set their own value and exchange it with other
2. use of virtual currency: Both use virtual currency to exchange and hold valu
3. supporting personal growth: Both support personal growth and activities and recognize the results as social valu

Differences:

1. token type: VALU uses Bitcoin as its virtual unit, while the HX Project uses HXC (Human Transformation Coin) and HFT (Human Fungible Token
2. fluctuating value: In the HX project, the value of HFT goes up and down through mutual exchange and fluctuates based on personal growth and social contribution
3. encouragement of social contribution: The HX project has a mechanism to encourage social contribution and growth, while VALU focuses on individual value setting and exchang

Thus, while both share similarities in value setting and the use of virtual currency, they have different characteristics in terms of token types, value fluctuations, and encouragement of social contribution.

The VALU service had a flame-out and the product was terminated, but the HX project can implement a sustainable model.

［URL of the VALU flameout article.]

https://nlab.itmedia.co.jp/nl/articles/1708/17/news060.html

The above became a problem and the VALU service was terminated three years later in 2020 as a result of the decline.

Problems with VALU:

1. inflation and value distortion: VALU is prone to inflation and value distortion because monetary value is given by bitcoi
2. lying and fraudulent value setting: It is possible to set one's value without investing, and to increase one's value through lies and fraudulent information, which raises trust issue
3. risk of flame wars and termination: there is a risk of flame wars due to social networking influencers or termination of services due to fraudulent activitie

Advantages of the HX Project:

1. transparency and fairness: HX projects ensure transparency and fairness as the value of HFT fluctuates through mutual exchang
2. encouragement of social contribution: HX projects have a mechanism to encourage social contribution and growth, which in turn increases the value of HF
3. sustainability and stability: The HX project ensures sustainability and stability by adjusting value fluctuations based on supply and deman

Thus, while VALUs have value distortions, reliability issues, and service risks, the HX project has the advantages of transparency and fairness, encouragement of social contribution, and sustainability and stability.

In this case, when funded by the Cardano community, we would like to create a concept and bring this model to a state where it can be mocked up first, as a sustainable model.

 Translated with www.DeepL.com/Translator (free version)

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

HXC will become a native asset on Cardano, and after achieving the Concept model, we are designing a milestone in which these exchanges will start from DEX on Cardano and will also be able to be traded on CEX. While Cardano is a chain that has an affinity for social and regional contributions, favorable views towards Cardano, which holds tokens that value human social contributions as native tokens, have further expanded, further increasing the number of Cardano fans and gaining recognition. ・We believe that it is possible to contribute to the penetration of this technology.

1.Innovation and Technological Advancement: The HX Project utilizes the Cardano blockchain, and its success will foster innovation in new technologies and application

2.Community Expansion: A successful HX Project is expected to increase awareness and interest in the Cardano community, attracting new participants and investor

3.Enhanced Digital Identity: By visualizing individual skills and experiences and facilitating their exchange, the HX Project strengthens digital identities within the Cardano communit

4.Sustainable Economic Model: Achieving a sustainable economic model through the HX Project opens up new business models and revenue opportunities for the Cardano communit

5.Social Impact and Contribution: The HX Project encourages social value exchange, supporting individual growth and societal contribution

[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?

We launched HXProject in May 2023 and established a company called 株式会社DAO as the first DAO-type business in Japan. Within six months, we planned 50 different DAOs, verifying and analyzing the proactiveness and actions of various founders. Our approach spanned across diverse industries, from entertainment to education and even politics. We connected with various individuals behind the scenes, acting as fixers, and conducted research on contribution analysis, people's sense of fulfillment and achievement, finding empirical data that people derive joy from supporting each other.

As a result, we have gained confidence that HXProject can create a new economic sphere by valuing societal contributions. From an educational perspective, we approached education for people aged 5 to 80, contributing to digital penetration. We found that the affinity with digital is natural for the younger generation, and through language and expression tailored for older age groups, we improved understanding. By effectively leveraging the concept of currency dependency in today's capital economy, we are confident in enhancing digital understanding.

Based on these two pieces of empirical data, we firmly believe that HXProject, which converts current capital economy into societal contribution value, can undoubtedly succeed.

Through my experience in various industries as a fixer and in educational activities, I am currently active as a DAO expert in Japan and Asia. There are very few members worldwide operating businesses from the position of DAO experts, making it a rare skill that I believe I possess.

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

Milestone 1: Project Planning and Design

A: Milestone outputs

• Develop a detailed project plan including tasks, timeline, and resource allocation.
• Create wireframes for user interface and system architecture diagrams.

B: Acceptance criteria

• Project plan is approved by project stakeholders.
• User interface design is validated through feedback from UX experts.

C: Evidence of milestone completion

• Approved project plan and design documents.
• Validated wireframes and system architecture diagrams.

Duration: 1 month

Milestone 2: Implementation and Testing

A: Milestone outputs

• Develop codebase according to specifications defined in the project plan.
• Conduct unit testing and integration testing to ensure functionality.

B: Acceptance criteria

• Codebase passes all unit tests and integration tests without major errors.
• System performance meets specified requirements.

C: Evidence of milestone completion

• Test reports showing successful completion of unit and integration testing.
• Performance metrics meeting or exceeding specified targets.

Duration: 2 months

Milestone 3: User Testing and Feedback

A: Milestone outputs

• Conduct user acceptance testing with target users.
• Collect feedback on usability, functionality, and overall user experience.

B: Acceptance criteria

• Receive positive feedback from target users during user acceptance testing.
• Iterate to improve usability based on user feedback.

C: Evidence of milestone completion

• User testing reports and summary of feedback with action items.
• Updates to design and functionality based on user feedback.

Duration: 1 month

Milestone 4: Presentation and Promotion

A: Milestone Outputs

• Publicize the achievements and value of HXProject widely to enhance project awareness.
• Attract investors and interested funders through promotional activities.
• B: Acceptance Criteria
• Approval of presentation materials leading to increased interest and visibility through promotional activities.
• Successful negotiations with investors leading to progress in fundraising preparations.
• C: Evidence of Milestone Completion
• Successful press releases, promotional content, and event records.
• Signed contracts with investors as evidence of negotiation progress and fundraising.

Duration: 1 month

Milestone 5: Seed & Early Funding and Press Announcement

A: Milestone Outputs

• Successful fundraising in seed rounds and early stages to establish the project's financial foundation.
• Conduct project presentations and press announcements to enhance project credibility and awareness.
• B: Acceptance Criteria
• Successful negotiations with investors leading to secured funding.
• Positive media coverage highlighting project attractiveness and value.
• C: Evidence of Milestone Completion
• Signed contracts with investors for seed funding and evidence of fundraising.
• Media reports, press clippings, interviews, and records of media appearances related to the project.

Duration: 1 month

Milestone 6: Project Completion Report and Video

A: Milestone Outputs

• Compile a comprehensive project report covering key achievements, challenges, and lessons learned.
• Produce a high-quality video summarizing project highlights and outcomes.
• B: Acceptance Criteria
• Final project report approved by project stakeholders.
• Publicly accessible video showcasing project highlights and achievements.
• C: Evidence of Milestone Completion
• Final project report and video approved by the project team.
• Publicly accessible video well-received and accessible by stakeholders.

Duration: 1 month

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

Name: Toshitaka Ueda

Link: https://www.linkedin.com/in/toshitaka-u-3a2181242/

Role: Team Lead

Name: Daishiro Okada

Link: https://www.facebook.com/daishiro.okada

Role: Strategy Formulation for Industry Engagement

Specialist in DAO, with experience as a DAO consultant for major Japanese companies, actively contributing to the prosperity of the HX Project in Japan.

Name: Minoru Yanai

Link: https://www.linkedin.com/in/minoru-metaverse-web3-and-ips-yanai-40747953/

Role: Product Management, Technical Advisory

Founder of IVSCRYPTO and NFT TOKYO, with expertise in WEB3 and blockchain, speaking at various international events and recognized as a top leader in the industry.

Name: Tasuku Matsukura

Link: https://www.linkedin.com/in/tasuku-matsukura-61775a35/

Role: Global Network Strategy

Managing a WEB3 DAO tool company in Dubai, with a wide network in global communities, responsible for the international expansion of the HX Project.

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

1. Project Management

• Project Manager Salary: ADA 20,000
• Project Management Tools (e.g., Trello, Asana): ADA 5,000

1. Development

• Software Development Tools and Licenses: ADA 10,000
• Cloud Hosting Services (e.g., AWS, Azure): ADA 15,000

1. Marketing and Promotion

• Social Media Marketing Campaign: ADA 10,000
• Advertising (Online and Offline): ADA 10,000
• Community Engagement Events: ADA 10,000

1. Documentation and Reporting

• Technical Documentation Services: ADA 5,000
• Reporting Tools and Software: ADA 5,000

1. Legal and Compliance

• Legal Services for Contracts and Compliance: ADA 10,000

1. Contingency

• Miscellaneous Expenses and Contingency Fund: ADA 5,000

Total Budget: ADA 100,000

For third-party services, you may consider engaging legal services for contracts and compliance, software development tools and licenses, cloud hosting services, social media marketing agencies, technical documentation services, and reporting tools/software.

If the cost exceeds the ADA 100,000 budget, you may explore alternative sources of funding such as grants, partnerships with sponsors, or crowdfunding campaigns.

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

The cost of the HX Project represents value for money in the Cardano ecosystem in several ways:

1. Comparison with Industry Standards: The project's costs are in line with similar projects within the Cardano ecosystem and industry standards, ensuring they are neither excessive nor inadequate. Extensive market research and advice from industry experts were used to set these costs appropriately.
2. Investment in Specialized Services and Tools: High-cost elements reflect investments in specialized services and tools crucial for the project's success and growth. These investments contribute to delivering high-quality outcomes and sustained value.
3. Scale and Importance of the Project: The HX Project plays a significant role within the Cardano ecosystem, positioned to have a broad impact. Hence, allocating adequate resources and budget ensures maximizing the project's goal achievement and added value to the ecosystem.
4. Quality and Deliverables: Higher-cost elements are indicative of the resources and effort required to deliver high-quality outcomes and sustainable results. This is expected to bring valuable outcomes to the Cardano community and related stakeholders.

Considering these factors, the cost of the HX Project delivers value for money within the Cardano ecosystem. A balance of appropriate cost allocation and strategic investments ensures the project secures the resources necessary for sustainable outcomes and a positive impact on the ecosystem as a whole.