Hey folks! We’ve made great progress since our first initiative here on the forum and now we want to provide a new big opportunity for Harmony.
Name of Project
Proposal overview
Continent DAO was launched last year, we developed great partnerships with private and governmental entities and created programs of mass adoption of Web 3 starting in the Brazilian territory, specifically in the City of São Paulo and Rio de Janeiro.
The two locations have the potential of 18M people in their capitals and a total of 60M people in their states, the City of São Paulo is the 21st largest economy in the world and the largest financial center in Latin America and Rio de Janeiro is the largest destination of South America tourism.
Continent DAO registered 70,000 users on the NEAR Protocol in São Paulo within a few months of operation with our geolocated operations team.
Now through our core program “Free WiFi” we wish to scale our operations nationally and internationally in Latin America, for this a substantial investment amount is required and we are formulating a public proposal of $55M USD with BitDAO as a leading investment.
We are a cross-chain project and would like to invite Harmony to our core program. Analyzing the latest partnerships, we developed an initial proposal that is also scalable as needed by Harmony.
Our initial ideal is the request of $1M USD for two years of activity in the City of Rio de Janeiro. This amount can be divided into 4 tranches followed by milestones achieved. And our goals are to reach 200,000 new users every 6 months of operations with our geolocated operations team and 300,000 more users through the hotspot channels.
So our main goal is to add 1M users to Harmony in just 1 year.
Proposal ask
$1M USD delivered in 2 years with 4 tranches of $250K USD every 6 months or upon reaching certain milestones.
Costs (explained):
The average cost of implementing, maintaining and servicing each hotspot unit is $100,000 USD per year.
The cost of geolocated operations teams, operational costs such as legal, accounting and taxes average $50,000 USD every 6 months.
We cannot split it into more tranches (more than 4), as the requirements in government contracts are 1 to 2 years in Rio de Janeiro and 5 years in São Paulo. Proof of financial capacity is required.
Metrics for success
Number of users: 500,000 users every six months, or 41666 monthly.
Number of transactions: numbers greater than 2M of transactions.
Session length: 50% of users in the first year, 60% of the users in the second year.
Session frequency: 65% of users in the first year, 75% of the users in the second year.
More comments
It is a proposal with a plan to have a strong representation of Harmony in Brazilian territory, the hotspots can be seen as Harmony laboratories and serve several Harmony ecosystem projects. For example, we intend to have one of the two initial hotspots located in a major museum and a Harmony NFT art gallery to be exposed virtually to new users.
New network implementations can be tested with custom audiences and various other applications.In addition to all this, it is notable the intention to establish relationships with private and public entities that can use ONE for tax payments, invitations to participate in collaborations in municipal committees, investments, and others.
Part of the documentation and contracts have confidentiality clauses, but it is not a problem if an Harmony Foundation members or committee wants to review and request more information.
The Free WiFi program is fully scalable to millions of people, we reserve to Harmony the decision to want to expand it during our collaborations.
External links
Website
Documentation
Our proposal with BitDAO.
News
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