DegaFund crowd fundraising system
Problem
In the case of Ethiopia platforms have been subject to fraudulent issues with Gofundme because its accounts are not accessible to Ethiopians and the rest of Africa plus it lacks smart contracts.
Solution
DegaFund will be a blockchain-based crowdfunding platform accessible to African beneficiaries and donors from all over the world having identity verification of beneficiaries to prevent fraud.
Total to date
This is the total amount allocated to DegaFund crowd fundraising system.
About this idea
[IMPACT] Please describe your proposed solution.
It is usual to see calls for help in medical cases in Addis Ababa, the capital of Ethiopia. These calls are allowed by the city Police after looking at the medical evidence. The trend is to post pictures that show the story of the patient on a minivan standing by the side of a street and speaking using megaphones to get the attention of people. Then, donators put 5, 10, 50, and above birr in the box. Because of a couple of reasons, this kind of call for help is not successful to get the medical expenses required. We have proposed a fundraising solution that will be built on Cardano named DegaFund. DegaFund is an Ethiopian crowdfunding system that leverages the advantage of third-generation Blockchain decentralized applications (DApps). DegaFund will be an easy-to-use system for Ethiopian fundraisers of mainly medical cases and donators can be from all over the world. Even if DegaFund is an Ethiopian system the architecture is international, it can be easily customized to any country. DegaFund is free from hard currency transactions; it will use digital currency instead. Using a Blockchain financial solution will make DegaFund more secure and hard for fraud.
[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.
It is usual to see calls for help in medical cases in Addis Ababa, the capital of Ethiopia. These calls are allowed by the city Police after looking at the medical evidence. The trend is to post pictures that show the story of the patient on a minivan standing by the side of a street and speaking using megaphones to get the attention of people. Then, donators put 5, 10, 50, and above birr in the box. Because of a couple of reasons, this kind of call for help is not successful to get the medical expenses required. We have proposed a fundraising solution that will be built on Cardano named DegaFund. DegaFund is an Ethiopian crowdfunding system that leverages the advantage of third-generation Blockchain decentralized applications (DApps). DegaFund will be an easy-to-use system for Ethiopian fundraisers of mainly medical cases and donators can be from all over the world. Even if DegaFund is an Ethiopian system the architecture is international, it can be easily customized to any country. DegaFund is free from hard currency transactions; it will use digital currency instead. Using a Blockchain financial solution will make DegaFund more secure and hard for fraud.
[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
- Lack of Funding:
- We will continue to develop the idea/research of this project. However, If you are not securing sufficient funds for the project, We will be unable to launch the product
[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.
[FEASIBILITY] Please provide a detailed budget breakdown.
[FEASIBILITY] Please provide details of the people who will work on the project.
- Gemechis Maremma, Co-Founder
Email: kuribachewgizaw@gmail.com
LinkedIn: https://www.linkedin.com/in/kuribachew-gizaw-0736a457/
- Ermias Bunaro… Co-Founder
Senior Full-Stack Engineer and Software Architect with more than 5 years of experience in systems development
Email: ermiarch@gmail.com
LinkedIn: https://www.linkedin.com/in/ermias-bunaro-ab4a6b4b/
3. Dr. Kuribachew Gizaw, COO
Ph.D. in Information Systems, has more than 10 years of experience in the public sectors including the Ministry of Education and software development businesses
Email: kuribachewgizaw@gmail.com
LinkedIn: https://www.linkedin.com/in/kuribachew-gizaw-0736a457/
4. Abrham Bunaro,
Junior Front-end developer with BSc in Electrical and Computer Engineering
email: abrishbunaro@gmail.com
LinkedIn: https://www.linkedin.com/in/abrham-bunaro-26a1191aa/
[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.
We are visioning to grow for all Africa starting from Ethiopia and once we launch our project in Ethiopia we will be back for funding to grow to other countries.
[FEASIBILITY] Are you or any member of your team working on any other proposals in this Fund9?
Yes[FEASIBILITY] Are you or your team working on any other proposals from previous Funds?
Yes[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?
[AUDITABILITY] What does success for this project look like?
When DegaFund replaces those two means of calling for help. (No-1): the traditional way of using minivans. (No-2): finding a family or friend abroad in America and Europe to open a GoFundMe account.
[AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.
A new one
Team
- created and delivered digital products successfully
- have contributed to other digital solutions worldwide
- built and delivered full-scale end-to-end digital solutions
- designed and implemented successful product launches and customer acquisition
