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All codes and wallets will be made available for auditing
Project Information
Project Description:
In the Akawo system of saving, an SME or business owner contribute a certain amount of money on daily basis with an Akawo collector instead of a traditional bank. This fellow keeps this money alongside with record and by the end of the month, the Akawo collector takes a day's amount and returns the rest to the contributor.
In the traditional or Real-world Akawo system, only the Akawo collector benefits from the system because S/he while safely keeping the funds collected can reinvest it or lend it out with interest without sharing the revenue with the owners of the money who are saving their monies with him/her.
We are reinventing this market and making it profitable for both the contributor and the collector.
Success Potential
Market Demand: Nigeria ranks top 7th in cryptocurrency adoption, while Africa is among the fastest-growing crypto markets globally. Akawocoin will be a medium of addressing some challenges in crowdfunding for revenue sharing, decentralized finance (DeFi), mobile money integration and remittances which is a huge market in Africa.
Technical Feasibility: We are integrating Blockchain DAO and crowdfunding with asset tokenization into our ecosystem. For the first time, these business owners and SMEs will get to earn interest on their savings which have been a sole benefit of the Akawo collector for years.
Team Capability: My mother is an experienced Akawo collector and with my personal experience in blockchain, along with other members of the team that are professionals in finance, technology, and entrepreneurship, we have the requisite skill to pull this through.
Mission Alignment: Akawo coin aligns with Hashkey's model and goal of proving web3 solutions to web2 and empowering the adoption of blockchain technology. The seamless integration of web3 with real-world business transactions will see to the scaling of this mission.
Innovation: Akawo coin's solution lies in the integration of this innovation with a business model that is not new to the target market which is Nigeria and select African countries. It is also a first-mover in the Nigerian market. Furthermore, funds collectively contributed will be reinvested in form of tokenized Real-World Assets, staking and providing liquidity and all profits will be shared amongst all contributors.
Our technology will be a closed source for a start while we gradually make some part open source for the growth of the Hashkey ecosystem and interoperability with other projects.
Interoperability with Hashkey Ecosystem: Akawo Coin will leverage Hashkey’s advanced blockchain infrastructure, utilizing its tools to enhance security, transparency, scalability, and cross-chain compatibility. This integration will foster growth within the Hashkey ecosystem by connecting it with Africa’s dynamic and rapidly expanding market.
Market Analysis
Market Analysis
Competitors and Differentiation: Akawo coin is competing with global crypto players like Binance Africa and local blockchain startups such as Paxful and Bitmama. However, we are unique in ways like:
A focus on Nigeria and Africa, a rapidly growing crypto market but still largely underserved.
Real-world utility and shared profit.
Easy integration and adoption through gamification of user onboarding.
Recipient Address
0x3ff3663CCB4608F2Ca266714cf0cE344cFC0ab33
Budget and Plan
Budget and Plan
Grant size: $100,000
Justification:
Project development: Develop and MVP
Innovation Education: Educate potential users
User Acquisition: Onboard users through gamified apps, education and targetted marketing campaigns.
(Roadmap)
Idea foundation enhancement
Develop and integrate app with Telegram for easy onboarding.
Add key functions in game such as wallet connection, account funding, contribution pool, profile
Reel out contents for marketing purposes
Scale userbase through collaborations
Onboard physical Akawo collectors
TGE and listing
Expansion
Token Distribution
Development = 20%
Education & Marketing = 40%
Technology Enhancement = 10%
Community Incentives: 15%
Team: 10%
Reserve: 5%
Hashkey Relationship
Problem Solved for Hashkey: Akawo Coin will extend Hashkey’s global reach into Nigeria, a high-potential market ripe for growth. It brings blockchain technology to a sector poised to demonstrate Web3’s transformative impact on emerging economies.
Value Proposition: Akawo Coin will provide an opportunity for Hashkey to demonstrate the utility and scalability of its blockchain ecosystem.
Growth Potential for Hashkey: By partnering with Akawo Coin. Hashkey will be gaining access to Nigeria and Africa's crypto market which will unlock billions in transaction volume. At the same time, onboard millions of users who will adopt Hashkey as a leader in blockchain innovation for emerging markets.
Commitment to Building on Hashkey: Akawo coin is committed to adopting Hashkey’s blockchain for interoperability, security, and scalability, ensuring a mutually beneficial partnership. The project will actively contribute to the growth and adoption of Hashkey’s ecosystem.
Milestones
Milestone 1:
Idea foundation and UX/UI designs
logo creation
Timeline: 30 days
Milestone 2:
Develop and launch app on Telegram mini-app database
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HashKey Chain Eco Lab
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Grant Type
Session 1
Email
fuocampusgist@gmail.com
Telegram
No response
X/Twitter Handle
No response
Discord/Community
No response
Previous Application
N/A
Code Audit
All codes and wallets will be made available for auditing
Project Information
In the Akawo system of saving, an SME or business owner contribute a certain amount of money on daily basis with an Akawo collector instead of a traditional bank. This fellow keeps this money alongside with record and by the end of the month, the Akawo collector takes a day's amount and returns the rest to the contributor.
In the traditional or Real-world Akawo system, only the Akawo collector benefits from the system because S/he while safely keeping the funds collected can reinvest it or lend it out with interest without sharing the revenue with the owners of the money who are saving their monies with him/her.
We are reinventing this market and making it profitable for both the contributor and the collector.
Success Potential
Market Demand: Nigeria ranks top 7th in cryptocurrency adoption, while Africa is among the fastest-growing crypto markets globally. Akawocoin will be a medium of addressing some challenges in crowdfunding for revenue sharing, decentralized finance (DeFi), mobile money integration and remittances which is a huge market in Africa.
Technical Feasibility: We are integrating Blockchain DAO and crowdfunding with asset tokenization into our ecosystem. For the first time, these business owners and SMEs will get to earn interest on their savings which have been a sole benefit of the Akawo collector for years.
Team Capability: My mother is an experienced Akawo collector and with my personal experience in blockchain, along with other members of the team that are professionals in finance, technology, and entrepreneurship, we have the requisite skill to pull this through.
Mission Alignment: Akawo coin aligns with Hashkey's model and goal of proving web3 solutions to web2 and empowering the adoption of blockchain technology. The seamless integration of web3 with real-world business transactions will see to the scaling of this mission.
Innovation: Akawo coin's solution lies in the integration of this innovation with a business model that is not new to the target market which is Nigeria and select African countries. It is also a first-mover in the Nigerian market. Furthermore, funds collectively contributed will be reinvested in form of tokenized Real-World Assets, staking and providing liquidity and all profits will be shared amongst all contributors.
Our technology will be a closed source for a start while we gradually make some part open source for the growth of the Hashkey ecosystem and interoperability with other projects.
Interoperability with Hashkey Ecosystem: Akawo Coin will leverage Hashkey’s advanced blockchain infrastructure, utilizing its tools to enhance security, transparency, scalability, and cross-chain compatibility. This integration will foster growth within the Hashkey ecosystem by connecting it with Africa’s dynamic and rapidly expanding market.
Market Analysis
Market Analysis
Competitors and Differentiation: Akawo coin is competing with global crypto players like Binance Africa and local blockchain startups such as Paxful and Bitmama. However, we are unique in ways like:
Recipient Address
0x3ff3663CCB4608F2Ca266714cf0cE344cFC0ab33
Budget and Plan
Budget and Plan
Grant size: $100,000
Justification:
Project development: Develop and MVP
Innovation Education: Educate potential users
User Acquisition: Onboard users through gamified apps, education and targetted marketing campaigns.
(Roadmap)
Token Distribution
Development = 20%
Education & Marketing = 40%
Technology Enhancement = 10%
Community Incentives: 15%
Team: 10%
Reserve: 5%
Hashkey Relationship
Problem Solved for Hashkey: Akawo Coin will extend Hashkey’s global reach into Nigeria, a high-potential market ripe for growth. It brings blockchain technology to a sector poised to demonstrate Web3’s transformative impact on emerging economies.
Value Proposition: Akawo Coin will provide an opportunity for Hashkey to demonstrate the utility and scalability of its blockchain ecosystem.
Growth Potential for Hashkey: By partnering with Akawo Coin. Hashkey will be gaining access to Nigeria and Africa's crypto market which will unlock billions in transaction volume. At the same time, onboard millions of users who will adopt Hashkey as a leader in blockchain innovation for emerging markets.
Commitment to Building on Hashkey: Akawo coin is committed to adopting Hashkey’s blockchain for interoperability, security, and scalability, ensuring a mutually beneficial partnership. The project will actively contribute to the growth and adoption of Hashkey’s ecosystem.
Milestones
Milestone 1:
Timeline: 30 days
Milestone 2:
Develop and launch app on Telegram mini-app database
Timeline: 30 days
Milestone 3:
Timeline: 60 days
Terms Confirmation
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