DeFi/Cryppto/Cardano is not mainstream and it is difficult to onboard new people into the crypto markets.
Pharo engages the public w/auto cover maker that allows buyers to protect expenses and allows crowd-sourced liquidity and rev generation.
This is the total amount allocated to Pharo - ACM.
Pharo is a spinoff of the traditional AMMs that are very popular. Pharo's unique approach is combining the liquidity pools of AMMs and Parametric Risk Protocols. Pharo could be used to fund early proposals.
MVP:
Wind/Hurricane Triggered events, allowing buyers and providers access to financial protocols.
Currently being revisioned using polygon and chainlink.
UVP:
We are taking social events (s)event, (n)event and natural events and using those risks as assets for investors to fund the liquidity pools. Out Go to Market strategy is the strength.
Cardano Value
Oracle Pools: We plan to create several oracles and oracle pools to verify a multitude of off chain events.
Metadata: We will use metadata to examine and test the ecosystem.
Runner Up in the Chainlink Hackathon:
https://devpost.com/software/pharaoh-396l85
https://pharo.medium.com/pharo-automated-coverage-maker-54e076aeb359
https://pharo.medium.com/pharo-protocol-states-9a279d8a2cea
Timeline
MVP on eth will be up by June 1st. Our cardano devs will be working on an MVP to match what has been built.
3 Months: 1000+ Buyers and 100+ LPs
6 Months: 5000 BUyers and 500 LPs
12 MOnths: 10000 Buyers and LPs
Budget:
$10,000 to jump start/fund the LP
$10,000 for marketing
$20,000 to team
20+ years in insurance, 5+ years in blockchain, bvizdev, sysdev, product validation