de-way: empowering ideas

Blockchain based community fund pooling where individuals & advisors will be the integral part of the business and follow the fundamental principle of decentralised governance. individuals will be owners of the business they invest in and will be part of every decision.

Community funded treasury to empower the idea & in-turn becomes owners of the business

Ecosystem players

For the ecosystem to operate in an efficient manner three parties are involved:

Lender/individuals

Auditors

Entrepreneur

Entrepreneur : Users holding the de-way coin will be allowed to post their idea, requirement, qualification, their investment in the idea they are proposing and more details.

Lender/individuals: Users holding the de-way coin will get the privilege to participate in ideas posted by the entrepreneur, fund the idea to be a partner and vote in different community activities.

Auditors: Staked de-way coin holders who are community elected to ensure the business is not doing any malpractice, constant auditing of the business. Stake will be slashed if the auditor misbehaves.

How does it work

Entrepreneur will present his/her idea, requirement, business model to the community of lenders/individuals. Everyone in the community who wants to support the idea will upvote the idea and pool in money, vet the idea, agree on terms and at the end lock required funds in a smart contract.

Lenders/individuals will be owners of the business in the proportion of their contribution to the pool, let's say a lender's contribution is 10% of the pool so the person will be 10% owner of the business.

Fund release to the entrepreneur

Once the funds needed for the business are locked in the smart contract it will be released to the entrepreneur in parts based on the need and each release of funds should be approved by the lenders who contributed to the business. This will ensure checks and balances in a decentralised manner.

KYC of the user to whom the fund is being released will also be made mandatory, to achieve greater transparency.

Daily transaction

Daily business transactions will be supported with the help of point of sale(pos) software which is integrated to blockchain to ensure complete transparency of all transactions.

Preferable payment method

Stable coins will be the preferred method of payment, fiat currency will also be supported at the store POS.

Crypto Payment

Businesses will support ADA as a payment method and owners can choose whether they keep it in ADA or convert it into a stable coin right away.

Revenue Model

Profit & loss will be shared between de-way (lenders and entrepreneurs) on the agreed terms & conditions at the initial stage.

Governance/auditors will be given a percentage of profit which is decided by the community.

De-way will also be part of every business which is hosted on it and a fixed percentage of profit will be shared for de-way maintenance.

Project Timeline

 6 Months 
- MVP of the product
- Preparation for ICO

1 year 
-First version of the product
-Platform marketing
-Minimum three business listing

Project timeline will also be influenced by the launch date of smart contracts on Cardano.

Definition Of Success

De-way will be successful once we have helped entrepreneurs in the underdeveloped and developing economies to materialise their Idea and uplift them to a better social status.

Budget Requirements

Requirement 40,000 to fund below activities or individual for 6 months until MVP is ready,  

4 Developers 6 months

1 Security & Risk auditor

Hosting expenses