Name of Project
SADAKA
Application type
Product launch
Proposal overview
In the century we live in, we realized that with the increase in income inequality, people in need have become more visible. In particular, we see that wars and climate crises dominate our agenda. In such a sequence, although the project we are trying to reach will not provide a permanent solution, we will give users the opportunity to help people in distress.
We have derived the name “Sadaka” from the local language in our region, and it essentially includes helping the helper and the recipient to meet their needs by not knowing each other. We decided that this was a very viable plan for cryptocurrency technologies. In our research, we have not come across a platform that is specialized for this type of donations and that can find people in need.
If we need to briefly summarize this platform that we will establish, it will allow donors to send their money to those in need in a reliable way. In order to achieve this, the user will first upload the amount of money they want to donate to the smart contract that we will write. The control of this smart contract will consist of people who are committed to the reliable and harmony ecosystem and will allow the transfer of money according to the majority decision. Of course, in order to prevent fraud, we will keep the identities of these people in the DAO program and lock some of their money in our system. In this way, we will have the power of sanction against a victimization that may occur.
After the money in the pool is locked in the system, this fund will be transferred to the people to be determined by the dao. In order to preserve transparency here, the information of the people who receive donations and for what purpose they use this fund will be kept to be shown to those who are curious. for this, a team formed under the DAO will increase reliability with continuous audits. Money flow reports will be prepared every 3 months, and continuous elections will be held in order to prevent possible corruption.
Proposal ask
We request $16K in funding to launch the product.
Specifically
$1K after launching the full and audited product on Harmony testnet
$5K after mainnet launch
$5K after forming our DAO with its community
$5K for after $10.000 in transactions.
Metrics for success
$100k volume of donation
Reaching 1000 users
Help more than 100 people
External links
we haven’t created yet
