New wallet for all OST participant

Problem

Centralized App in the long terme won't rise to the challenge of Contributionism.

OST must use dApps to spread the message further on.

Solution

OST participant will have a wallet to timebank their Labour Of Love tokens.
This wallet will open their free access to abundant resources.

Total to date

This is the total amount allocated to New wallet for all OST participant.

$75,000

Total funds requested

148

Total votes cast

₳14.9M

Votes yes

₳16.7M

Votes no

About this idea

Problem statement
Small towns all over the world are falling apart, suffering an irreversible fate of economic decay, with very few prospects for turning this around. Most of these towns were once thriving communities - now everything seems broken - especially in 3rd world countries. And yet there is so much potential, lying idle in every small town, that is neglected.

Solution

Our ONE SMALL TOWN plan, detailed in our website https://www.ubuntucontributionism.org/one-small-town, turns small towns into thriving places of abundance and prosperity for all its residents - by identifying all the agricultural and industrial opportunities, combining them with the many incredible people skills, creating a united labour force, and presenting a list of very attractive investment opportunities for conscious investors who want to partner with an entire community. Creating unprecedented long-term secure investments and a beautiful future for all involved.

Goals : Wallet and Marketplace

The need of a dApps for our OST wallet is undeniable, built on Cardano, it will bring many users to the ecosystem through our expanding list of new towns where to implement One Small Town plan.

The Regenico NFT marketplace would be a platform where to consciously invest in the regeneration of small town all over the world, to really have an impact in our global community.

HOW DOES IT WORK ?

The townspeople and external investors share ownership of high value businesses that regenerate the very essence of the small town using a unique model that brings the best products to the most people at the lowest costs.

The opportunity for impact investors to share in the many well planned and ready businesses is made by investing either fiat money or crypto currency via Regenico NFT marketplace to acquire ownership of shares of businesses. External investors can own up to 1/3 of the active businesses in each town. The townspeople through their weekly contribution of time will own the other 2/3 of these businesses.

Each small town will have meticulously reviewed and executable business plans for existing businesses and new businesses that strive to meet unmet needs with under utilized resources. The townspeople commit to each giving three hours a week to the businesses that are deemed the best fit for generating sustainable profits while adhering to the highest environmental, social and governance standards. These can be naturally ensured as the owners of the businesses are the actual townspeople.

Using the Regenico portal the investors' investment (Fiat or Mite) is converted to NFT and they have the option to either allow One Small Town to invest into the business and services that are needed to best generate returns on investments. Or the investor can also select the country, the town and the business they wish to have their funds invested in. The use of blockchain smart contracts makes for the perfect peer to peer agreement. The liquidity and holding term of the investors funds will be agreed upon by both parties. The investor can choose to look at either having an open ended term for their engagement of funds within the town projects or have an agree exit strategy for when they wish to have their Mites released back to them for either to hold and exchange on the open crypto market or have the OST redeem the Mites to fiat currency at agreed price.

The investor can stake their Mites and direct the passive earned income to fund the OST town and businesses with the same flexibility as a direct investment. The income from the stake will be in the form of Mites which are used by OST to fund the businesses.

More on the Regenico NFT Marketplace

Investors will be able to purchase NFT with the ''Mite'' through a dedicated marketplace, the Regenico portal, where each collection represents a town and each NFT a share in a business of the said town.

Holding NFT guarantee to the investor to receive dividend from the business benefits.

The marketplace will represent our planet Earth, which rotates to the town/collection, with a zoom to the storefront, with videos and details of the provenance of the art (on the NFT) and the community business the purchase will support.

Userbase

The One Small Town plan is being implemented in Lebanon in a 10'000 inhabitants city. When this launch is successful, we have many others towns waiting. In a year from now, we project to have 200'000 active volunteers in this towns, all using our dApps. And many investors around the world purchasing our NFT.
To start, in the Lebanon town, 51 businesses will be started, each with a collection of NFT representing a share of the business, bringing the total NFT above 1000 for this town only.

Roadmap and costs

Q1 2022 : Hire team.

- Team manager : Volunteers (co-authors of this proposal)

- 2 smartcontract developer : 15k /month (to be choosen, we have candidates already)

- 1 dApps developer : 7k /month (to be choosen, we have candidates already)

- 1 designer and market adviser : 3k /month (to be choosen, we have candidates already)

(Estimate at 3 month development, total cost of the team is 75K $.)

Q1 2022 : Development Wallet and Marketplace, launch of the Mite token.

Q2 2022 : Launch Wallet and Marketplace organically in our signed towns and contacts.

Q2 2022 : Analyze of the reception by townspeople and investors, optimizing & scaling phase.

Q4 2022 : Marketing worldwide.

Q1 2023 : Seamless expansion of Contributionism.