IDEASCALE F12

Cardano Use Cases:

CONCEPT

FINGO Funding Instrument for

Non Gubernamental Organizations

The main idea is to allow donors to track where their donations go using the blockchain. We do this by creating a smart contract, using the Cardano network, that can help each donor track where the tokens she has donated to the donor Project of the aforementioned Program go.

The high-performance team in the execution and implementation of the project is committed to doing the impossible so that the project sees the light, putting its own professional reputation at stake.

Team members operate primarily at their own costs and only request funding for operational overhead, demonstrating personal investment and determined commitment to success.

• Facundo Couto in Strategy and Public Relations. Mentor and Entrepreneur in the Health sector. Responsible for human capital management, he is the one who had the idea and developed the project from scratch.
• Cristhian Tejada in Mechanics and Programming.
  Blockchain structure. Responsible for the Management of the Technical Team.
• Francisco Montenegro in Crypto Asset Strategy.
  Blockchain Consultant. In charge of Financial Management.
• Héctor Guillén in International Scholarships.
  Consultant specialized in obtaining non-refundable Seed Capital from Foundations and International Organizations.

Milestone 1
Month 0 to 1

• Concept development and detailed planning.
• Develop the Social Tracking System (STS) to start using from the beginning and attach it to FINGO in later stages. STS will be composed of 3 development phases.
• Development of Phase 1 of STS with the help of Claudio Hermida and associated a backend developer in exchange for a 5% participation.
• Finalize the Business Plan for the conceptualization stage and future possibilities for the development of the final product (include the specific roles of each team member and the hiring needs of permanent or temporary staff)
• Establish the KPIs of each milestone and detailed role of every member.
• Write the bylaws of the company. Subsequently, Facundo will travel from Buenos Aires to El Salvador at his expense to establish the Company (Sociedad Anónima in El Salvador, under the protection of the Digital Assets Law).
• Legal advice specialized in digital assets for the Constitution in charge of the founding capital contributed by Facundo.
• ZOOM + Twitch + YouTube event to report and discuss the results of the completed stage.

EXPENSES: u$ 5,000 (Facundo's own capital for the Company Foundation)

Milestone 2
Month 1 to 4

• Annual Global Access Rental to Coworking at REGUS Business Center.
• Hire a programmer who is fluent in the PLUTUS language (Cristhian Tejada has worked with professionals who could fill this role)
• Write smart contracts to have optimal tokens for the donation process (this stage could be extended, depending on the difficulties that arise along the way, so it will be a requirement that the Programmer be committed to the Project beyond their remuneration)
• The token must obey the criteria and objectives of the donor entity and that these coincide with the criteria and objectives of the donor.
• Development of Phase 2 of STS.
• ZOOM + Twitch + YouTube event to report and discuss the results of the completed stage.

EXPENSES: u$ 3,000 (50% advance to the Programmer) + u$ 1,760 (Coworking)

Milestone 3
Month 4 to 6

• Begin to generate movement in the System with self-donations and monitor that the destination of the resources is assigned according to selection or voting carried out by the donors.
• Internal verification of the optimal functioning of the programming code, which results in a technical report by Cristhian Tejada and the designated Programmer.
• Development of Phase 3 of STS.
• ZOOM + Twitch + YouTube event to report and discuss the results of the completed stage.

EXPENSES: u$ 3,000 (remaining 50% of the payment to the Programmer)

Milestone 4
Month 6 to 7

• Through online marketing and public relations actions, invite members of the Global Crypto Ecosystem to test the system by making microdonations and provide them with the opportunity to test the optimal functioning of smart contracts.
• Establish a commission for the system of 3% of donations, which allows FINGO to be economically viable and have institutional independence.
• Incorporation of STS to FINGO.
• ZOOM + Twitch + YouTube event to report and discuss the results of the completed stage.

EXPENSES: u$ 5,000 (Marketing and Advertising)

Milestone 5
Month 7 to 9

• Through hybrid in-person and online conferences, present the conceptual project at meetings for entities external to the crypto ecosystem in Mexico City, Buenos Aires and Playa Zonte, El Salvador, inviting them to test the system in beta phase to optimize it according to the requirements of the market. and get a chance to meet crypto professionals at a 6-hour meeting on Saturday:
  • CDMX It will be an in-person event broadcast live on Zoom + Twitch + YouTube with guests from the crypto ecosystem and philanthropy, where we will present the project and invite professionals from both worlds (crypto + philanthropy) to participate and network.
  • BAIRES It will be an in-person event broadcast live on Zoom + Twitch + YouTube with guests from the crypto ecosystem and philanthropy, where we will present the project and invite professionals from both worlds (crypto + philanthropy) to participate and network.
  • EL ZONTE It will be an in-person event broadcast live on Zoom + Twitch + YouTube with guests from the crypto ecosystem and philanthropy, where we will present the project and invite professionals from both worlds (crypto + philanthropy) to participate and network.
• ZOOM + Twitch + YouTube event to report and discuss the results of the completed stage.

EXPENSES: u$ 12,437
u$ 5,837 (in-person events) + u$ 6,600 (travel and accommodation)

Final milestone
Month 9 to 10

• With the concept optimized to move to the product stage to raise funds for NGOs, launch the project to begin operating in the market with the working capital generated in the previous stages, plus the raising of new funds from Ideascale and other organizations and interested entities.
• Fundraising through Crowdlending platforms established for the promotion of the functional prototype of FINGO.
• Start planning to hire a frontend developer for the post-F12 stage.
• Project ready to present at F14 in 2025 of Cardano Use Cases: product.
• ZOOM + Twitch + YouTube event to report and discuss the results of the completed stage.

EXPENSES: u$ 0