Crowdfunded resource mobilization for afforestation is scarce in India. It lacks an engaging platform for community involvement.
Develop a platform for afforestation campaigns with a CNFT marketplace, to mobilize resources as well as grow the Cardano community.
This is the total amount allocated to CNFTs for afforestation in India
We will develop a platform for crowdfunding resources for planting tree saplings. A sapling or a bunch of saplings in some cases will be represented by a Cardano NFT to be issued to those who pledge the resource. Gamification aspects will promote engagement from users.
This platform will be for individuals, businesses, NGOs, environmentalists and farmers to engage through a common medium to channelise resources for afforestation as well as use the resulting NFTs representing goodwill or social credit.
How does it work?
At a high level, the parties involved in this solution are
Ancillary players include 3rd party NFT marketplaces who can play a role since these NFTs are tradable.
Those undertaking afforestation activity can onboard the platform and publish their needs for resources on the platform. In the first phase, the onboarding process will involve manual interaction between platform support team and entities onboarded.
The platform morphs these requirements into NFTs for presenting to users on the supply side of the resources.
Willing members of the community can crowdfund the required resources for each afforestation campaign by purchasing the NFTs. When you donate to projects of your liking, not only do you feel great but you also earn NFT(s) representing your goodwill. Similarly, generous companies, charities can further support afforestation by bridging funding shortages and where relevant companies can opt in to use their CSR funds too in this regard.
Components of the platform:
Growing the Cardano community
We want to grow the Indian Cardano community through this initiative centered around afforestation. Community involvement is going to be key for the long term success of this project.
The use of tradable NFTs with gamification is intended to boost overall attraction. A communication channel will be created for interested members of the community to know about the project, provide suggestions and take up roles if they would like to volunteer.
We think that bringing together people in such a way will promote ideation and energize efforts towards conservation of the environment.
Transparency & propriety
It is to be ensured that the platform prevents scams and cases of misappropriation of funds raised. In this regard, only registered NGO/charities/companies/farmer’s associations etc will be onboarded on the demand side for undertaking afforestation activities.
At the same time, it might be possible that eventually the platform can start to work on a trusted model where anyone can participate as handler of funds raised. For example: Any individual may offer to grow and nurture trees in their backyard sponsored by NFTs. Community members who choose to can contribute. We envision this to become feasible at a later stage.
Regulations in India with respect to taxation of income from digital assets have to be adhered to and for ensuring that the platform follows the government regulations, processes involved in resources mobilization will be legally vetted.
The challenge KPI this project is directly aligned with is 'Number of Indian focused dapps/services actually built'. The NFT marketplace component of this proposal is a dApp. The platform as such is a service that uses Cardano blockchain.
Indirectly, the success of this project will increase the popularity of Cardano and contribute to the other KPIs related to Indian focussed projects and interaction with Catalyst.
Adverse regulatory changes after the commencement of the project can impact our scheme of implementation of this project. Even though we recognise this as a risk, recently the government has announced rates for tax on income from digital assets. This move is reckoned to be a positive signal for building with blockchain.
In previous sections, we described the details of the solution. Here we illustrate the roadmap for implementing the solution.
Month 1 (expecting to be around June / July 2022)
Month 6 & beyond
Sustainability of this project
The tech infrastructure costs for the platform for a year are factored into the budget.
The operational cost involved is related to NFT minting costs. Batches of NFTs initially minted will be covered under the budget. Once crowdfunding starts a minor percentage would be assigned as platform fee, which will cover costs for minting/running the cardano node. Beyond a year, community members may manage the platform and future catalyst funds may be requested for major enhancements.
Total = $25000
We are a team of experienced Software Engineers and Entrepreneurs from India. Members of our team include Plutus Pioneers, previously funded Catalyst proposers and an ambassador in the Cardano ecosystem. We have been building in Cardano for close to a year and have various open source repositories for Plutus/Cardano which can be found in our Github repo added in this proposal. An NFT marketplace our team member is part of the development team is
We have listed the various components of this platform in the solution details.
The roadmap maps these components into tangible deliverables in the prescribed time frame.
We will follow Agile methodology to break down the tasks and track its completion.
Using the milestones listed in the roadmap external evaluators will be able to track progress as well.
Our success metrics
We want the platform to be launched 3 months from the start of development with one or more entities onboarded at launch.
In 1 month
In 3 months
In 6 months
In 1 year
Goal 15. Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss
Goal 17. Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development
15.2 By 2020, promote the implementation of sustainable management of all types of forests, halt deforestation, restore degraded forests and substantially increase afforestation and reforestation globally
15.a Mobilize and significantly increase financial resources from all sources to conserve and sustainably use biodiversity and ecosystems
15.b Mobilize significant resources from all sources and at all levels to finance sustainable forest management and provide adequate incentives to developing countries to advance such management, including for conservation and reforestation
17.16 Enhance the Global Partnership for Sustainable Development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology and financial resources, to support the achievement of the Sustainable Development Goals in all countries, in particular developing countries
17.7 Promote the development, transfer, dissemination and diffusion of environmentally sound technologies to developing countries on favourable terms, including on concessional and preferential terms, as mutually agreed
Key Performance Indicator (KPI):
15.2.1 Progress towards sustainable forest management
17.7.1 Total amount of funding for developing countries to promote the development, transfer, dissemination and diffusion of environmentally sound technologies
15.b.1 (a) Official development assistance on conservation and sustainable use of biodiversity; and (b) revenue generated and finance mobilized from biodiversity-relevant economic instruments
Our team comprises Plutus Pioneers, experienced software engineers and a social entrepreneur. Team members with experience in developing Plutus smart contracts and open source repositories for Cardano. Our github repository is shared below.