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Dear community,

Following our proposal for Fund2 for which we received a lot of support from the community but couldn't get the funding, we have decided to refine our proposal so that it better fits our needs in the field as well as the needs of the community: adoption in Africa.

To do so, we have reviewed some of our initial objectives, perhaps too ambitious, in order to arrive at a roadmap that is still ambitious but realistically achievable.

You will find below, a short description of the project. More detailed information is available in the attached documents.

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The mission of the African Blockchain Center for Developers is to stimulate, thanks to Cardano adoption, the establishment and growth of technology-based start-up companies and other blockchain-enabled businesses.

By fulfilling this mission, ABCD will concretely contribute to:
- Local job creation
- Local business development
- On-boarding to the global Cardano ecosystem
- Contribute to the rise of blockchain technologies and decentralization in Africa
- Creation of Smart contracts and decentralized applications (Dapps)
- Address, thanks to decentralization, some of the most pressing issues in Africa (ID systems, land registration, blood donation, access to property, traceability, etc.)

Together with the Cardano Community and in particular with African entities such as Gimbalabs, WADA, IOG Africa and African SPOs, ABCD will create, develop and provide open source materials for new and emerging technology specializing in the development of core Cardano blockchain technologies and applications. In both the immediate and long terms, ABCD will facilitate enhanced economic health in Africa while promoting an encouraging adoption of Cardano and blockchain technologies throughout the continent.

These achievements will be self-reinforcing: by increasing the successful development of emerging businesses in the Cardano blockchain ecosystem, we will create value and new investment opportunities. By providing training, mentorship, shared space, and professional assistance, we will build a network of experts who will be able to share their expertise with additional developers. By incubating businesses, ABCD will move out into the community and contribute to the overall vitality, diversity, and growth of Cardano in the booming African economy.

ABCD will provide an environment that allows Africans to take an active role in "growing their own" businesses that will lead to job creation. These new businesses and new jobs produced create wealth through multiplier effects that ultimately benefits the overall community beyond the individuals.

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The funds we are requesting have been calibrated to ensure minimal operation of the structure for the first cohort of developers while allowing the management team to develop the activity (supervision of trainees, partnerships, collaboration with other projects, delivery of our first Dapps, etc.).

Below is a description of costs and allocation of funds.

Budget - Monthly costs :

• Power – (Rental / Fuel / Elect. / Maint.) : 100$
• Networks – (Rental / Subscription) : 50$
• Facility – (Rental / Maint.) : 150$
• Adhoc staff : 1 000$
• Trainees salary (5 pers.) : 1 000$
Total for 1 month : 2 300$
Total for 6 months : 13 800$