On-chain reputation
Problem
“Social media influencers are routinely paid by scammers to help them pump and dump new tokens on the back of pure speculation”
Solution
Financial clout derived as monetary value from the creator’s value network
Total to date
This is the total amount allocated to On-chain reputation.
About this idea
[IMPACT] Please describe your proposed solution.
Clout = monetary value of creator's value network
follow become investments
likes become shares
value becomes social proof
[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.
Financial reputation can be expressed in a monetary value disincentivizing bad actors from spamming online discussions
[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
Solana or Ethereum are faster in implementing similar proposals
[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.
- Operate Cardano Node
- Integrate with finclout.io's API
- Establish as single form of clout for financial services creators
[FEASIBILITY] Please provide a detailed budget breakdown.
5,000 marketing and UX/UI improvements
5,000 salaries
[FEASIBILITY] Please provide details of the people who will work on the project.
Jan
- Assign marketing contract to relevant marketing party
- Assign UI contract to relevant vendor
[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.
yes, because I intend to run this as a business and would like to launch a successful crowd-funding at some point in time in the future.
[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?
We are using Retention rate as a key OKR for finclout.
[AUDITABILITY] What does success for this project look like?
Have 10,000 creators on the platform using it to manage their reputation.
[AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.
Continuation of https://cardano.ideascale.com/c/idea/397004
Sustainable Development Goals (SDG) Rating
SDG goals:
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
SDG subgoals:
Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors
Key Performance Indicator (KPI):
Annual growth rate of real GDP per employed person
Universal Human Rights Index (UHRI):
#proposertoolsdg
Team
15+ years building consumer-facing products
