MSM Merchant Fund

The Micro, Small and Medium Fund will enable upto 50 selected businesses to raise funding and enable investors earn rewards using smart contracts deployed on cardano.

HOW

Each merchant will have a liquidity pool, managed by an Automated Market Maker contract, which will hold investor funds on behalf of merchant. Contract will perform functions such as paying for supplies, rent, and more and will receive customer payments from completed orders. Investors will be rewarded per completed (customer order) transaction and will be able to withdraw or add funds on merchant pool at any time after a minimum lock period. Rewards will be proportional to the investors share of the pool.

LP Explainer

https://youtu.be/0NN7E0DEx3Y

MILESTONES

After 3 months we expect to have raised funding for up-to 30 micro, 15 small and 5 medium merchants, on testnet, who will then be able to use these funds in the pool contract to pay for business expenditures. The pool will also receive payments from customer orders. Investors will start to earn rewards from transactions immediately.

After 6 months, investors will be able to withdraw or add liquidity to new or existing merchants as well as voting for new merchants

After 8 months, we will have launched publicly on cardano mainnet to enable merchants from around the country to raise capital and manage funding using smart contracts. We have already registered in Ghana and we are in the process of acquiring regulator approval in Nigeria as well and are ready to work with merchants there.

NOTE

Grant Fund would be used to fund development of merchant pools and assets, merchant tokenization training, creating fundraising awareness within the community and greater public.

MSM Fund will be solely for already existing businesses who need to tokenize or expand their operations.