Name of Project
AcrtefactZ
Mission - provide access to DeFi 2.0 to the widest possible audience in the shortest possible time, so that everyone could enjoy the benefits of decentralization and be able to improve their lives significantly.
Proposal overview
ArtefactZ allow you to get paid in crypto by validating you work contract or tax paid. Is an social, community-owned, and self-sustaining community for all working people. Basically, all people around the world are working, that what unites all the people on the planet.
Introducing the new “work2earn” concept. Everyone who pays taxes can have their paycheck minted every month.
The problem ArtefactZ solves. Centralization of cryptocurrencies. Well, it’s already decentralized… Yes, the way it functions is decentralized, but not its distribution. Percent of supply held by Top 1% addresses on all networks averages >80%, and sometimes exceeds 96%
Ethereum: Percent of Supply Held by Top 1% Addresses
By decentralizing the way people get paid for their labor, we get a decentralized emission, the last component that was missing in DeFi. Now we can proudly say that this is DeFi 2.0.
Why we are doing it? Motivation.
According to world bank research most people in the world live in poverty.
85% of the world live on less than $30 per day, two-thirds live on less than $10 per day, 46% living on less than $5.50 a day and every tenth person lives on less than $1.90 per day.
Our mission is to benefit humanity with intelligence, using the best technology. How can we go to Mars if we have this situation here on Earth? What will we build on Mars? What will we bring with us there?
We have even more innovative applications on board.
Organic self-regulated elastic token emission.
Built-in deflation: 0.3% weekly will be burn from each wallet of network. Every week. Forever. +0.01% every transaction burn.
Over time, the issue will eventually reach a certain amount of coins, where the number of coins burned equals the number of coins generated per month, and there will be a balance, a point where there are enough coins for people using coins, not too many and not too few. That is, the issue tends to 0 when there are no users, and there is an organic balance when people use coins. Also, the emission is self-regulating if there is more population on the planet.
Coin issuance is unlimited, but thanks to the weekly burning & every transaction burning rate, the number of coins is self-regulating depending on the number of people participating in the issuance of coins by the “work2earn” method of mining them by their own work.
Encourage positive changes in the world.
Introducing new ways of rewarding people for making the planet a better place to live!
We pay coins for every tree planted, beaches cleaned, and other work that is good for the planet.
Proposal ask
180,000 USD
Technology development, tax validator, custom software for contracts check for those countries where there is no developed online government.
Roadmap
Q1 2022
- Get grant to start development
- Launch the development on Harmony
- Launch Twitter account
- Launch Discord server
Q2 2022
- Launch ArtefactZ alpha version app into Harmony Testnet
- Launch ArtefactZ beta version app into Harmony Mainnet
- Bug fixes
- Smart contract audits
- Launch the ArtefactZ in Harmony’s Mainnet
Milestones
April 2022
- Grant approval for start development
- Hiring blockchain developers, backend developers
- Hiring frontend developer, UI/UX designer
- Development of automated solutions for checking contracts and/or taxes for all countries in the world.
- Website launch
- Publish contributor opportunity on Twitter
- 100 discord members
- 200 twitter followers
May 2022
- Hiring marketing expert
- Docs ready
- Testnet live
- 500 Discord Members
- 500 Twitter Follower
June 2022
- Video presentation
- Tutorials ready
- Smart contracts audit
- Successful launch
- 3000 Discord Members
- 3000 Twitter Follower
Metrics for success
- Approval of a Harmony Grant.
- $3M in transactions within the first 3 months since June 2022 launch.
- 300k Twitter followers within the first 6 months since June 2022 launch.
- 1 billion users by Q3 2023 since June 2022 launch.
- Completion of all the above-mentioned milestones in 3 months.
