{"signature": "0x1f747d9273aad4531a213413106eb32f9ce2ae28d0add29d882c067dc273e5962ad5472bae7fc89b8a95497e34edda907c9e69c09456ae8eb7bc6ab6a2688ce61c", "application": {"round": "0xf3dc658c73fc3e931d6d621f33c30c333e342132", "answers": [{"type": "multiple-choice", "hidden": true, "question": "We distribute funds in $TEC on Optimism Chain (OP Mainnet). Please confirm that you are aware of that.", "questionId": 0, "encryptedAnswer": {"ciphertext": "smhCO+w4q0ogOodGxQUWg3/lqFMjLJWwosIOIfqykvM=", "encryptedSymmetricKey": "a4a5fd42f1a99895ad905cc49a8956c3b3cd73dca5072f7a07c1d869a01f1e714c77c72b798e5281a8b8f7b7c46c720961b6dcbe694b28f880a2b983e08c755c4c8ac104432f43d6f888725a376a7199026db21a6d7e1473177aba47fad9d192e1649ac668500190910e3721fd7c86da313dd8b986c0ea07db3a8facf13a65550000000000000020226d625908ea31fc50fb1ffa3709a7ad5906d3abc58cea942d62833859e738ca45ee8efec1559a5faca164c9d7e7af8a"}}, {"type": "email", "hidden": true, "question": "Email address", "questionId": 1, "encryptedAnswer": {"ciphertext": "hMfwekfUozapswnkp35w1c8VHlr/CTgNOu7APGq8Ua9Fm1U9vecWZ8LVMn8dr91H", "encryptedSymmetricKey": "69fd27d1b28ea2617af3cc5522f0b2acd4c19c7b0e6b0eacec53380377844cf3110ecbe4fb084933ad822a0055a84005b604177a146af98bbfbf986e75882ef53b3f11e1a028beac2c351e035e03e5ef8b4c30fc0a818e7d52848af6204253a60bf6889e49cea7bc8942bdb6eae346270d8d81021437d06c9780879c6b2a63a50000000000000020e70f5b39545e7187b69b2bf520e45b850c66e15ce580675003fd29dfcca3db24c4f9fdd54d222df124405ba6b764f1ac"}}, {"type": "short-answer", "hidden": true, "question": "Telegram handle", "questionId": 2, "encryptedAnswer": {"ciphertext": "DLWYIC9C2fIybMzFm0EPqCsX687NihGkTxN0nmF1lO/725qnQZ56ZzIbVUUjiFr8", "encryptedSymmetricKey": "281eddf295244c23a33f65f722656b82bc6417b0571e896b34770952459d06f0c6fe16715af26470a0f2b4d3ccf98a161a8dfc13049697d0eb58612240e15ceb02a09f6a4f0b5ee0b133438725cf813d50961c1950f2dbd714ea7f94ca5c3eb3d94c62d7febaf0c1f97457d1ae031dbdc45bd8e138a5eed3c7d2890dd230c8810000000000000020b05d408577ddd04b3938951480ac9fabeca67d7be33ef3a327363fc456b52ae35b40aa5db78945ff41cacad8acd01787"}}, {"type": "address", "hidden": true, "question": "If you participated in past Gitcoin grant rounds using a different project payout wallet address, please share it here.", "questionId": 3, "encryptedAnswer": {"ciphertext": "mpb6IT7OpRZcv+vuW9WHo4PsmuI0lxP2q5JIx0b9wl4=", "encryptedSymmetricKey": "574fb9bff037405febe2aca4e86bf17bc53d0eaffd9dd8920af89294646bcf5e5f0998fd9d9036c1c470eb6b7dced002ae1043622e2983a7696f39776e7f7591d06c702583adde66967ef948afa8f35c8205a3d427dde5984b7c39bc56d2ada064dee2a96848ba28488f0cc1b6ec13c16c35042ac2aef3108906205896662cbb000000000000002092b4f334ad9aac14782367ff966c6e4c4c236e0e0883cdf1c0530e84fbbabcd392a811ccd68a8e5e1820d0d69dedea90"}}, {"type": "multiple-choice", "answer": "Yes", "hidden": false, "question": "Have you read and confirmed that your project abides by the Program General Eligibility Policy? https://tinyurl.com/tegrants-policy", "questionId": 4}, {"type": "paragraph", "answer": "The KronCash initiative, highlighted in its latest whitepaper, embodies a transformative approach to currency, merging the robust economic principles of historic European currencies with the decentralized governance mechanisms of Web3 technology. At the heart of this project are the \"Kronlets\"\u2014a digital currency derivative of the historic French Franc. These Kronlets are engineered to harness the intrinsic value of the Franc, adjusted for modern inflation rates, thus offering a stable, trust-based investment that counters the volatile nature of contemporary financial markets.\n\n\nBy leveraging detailed historical economic data, KronCash effectively recalibrates the value of the French Franc to its contemporary equivalent, utilizing blockchain technology for real-time data accuracy and transparency. This system ensures that the Kronlets not only represent a nostalgic recall of monetary stability but also function as a dynamic, inflation-responsive asset. The KronCash ecosystem, therefore, offers a dual benefit: it acts as a hedge against inflation while also revitalizing the economic virtues of past successful currencies.\n\n\nThe integration of these historic economic values into a modern decentralized framework allows for a form of economic governance that is participatory and transparent. KronCash's governance model empowers its community by enabling token holders to vote on critical decisions, from policy changes to new currency introductions. This democratization of economic governance is in line with the ideals of liberty, equality, and fraternity, reflecting a commitment to anti-establishment values by redistributing power from traditional financial entities to the individual investor.\n\n\nThe profound impact of the KronCash and Kronlet system extends beyond individual gains, influencing the broader economic landscape by introducing a stable, trust-oriented currency that is less susceptible to the whims of geopolitical shifts and policy changes within the Eurozone. This approach not only mitigates risks associated with centralized monetary policies but also provides European economies with a model for financial stability that is rooted in the proven economic history of one of its strongest historical currencies.\n\n\nFurthermore, the deployment of Kronlets within the blockchain ensures that every transaction and adjustment is recorded on a secure, immutable ledger, enhancing the trust and security for investors. This transparency is crucial in fostering a reliable economic environment where investors can make informed decisions based on accurate, tamper-proof data.\n\n\nThe KronCash project, therefore, is not just a revival of the Franc's economic principles but a redefinition of how modern European policies can integrate with decentralized financial systems to create a healthier, more stable economic environment. By investing in the value of historical economic success, KronCash offers a sustainable pathway to economic growth and stability, guided by the principles of decentralized governance and supported by the latest advancements in Web3 technology. \n\n\n\n\nBuilding on the transformative approach of the KronCash initiative, the project not only revives the historical economic principles of the French Franc but also actively contributes to promoting the French economy and its peripheral influences. By anchoring its digital currency, the Kronlets, to the historical values of the Franc, KronCash fosters a unique economic ecosystem that supports both local French businesses and the broader philosophical and cultural heritage associated with France\u2019s legacy of liberty and philosophy.\n\n\nThe real-world impact of KronCash on the French economy is significant, facilitating economic activities that echo the country's storied past of fostering enlightenment and entrepreneurial spirit. This economic stimulation extends to businesses within the region by providing them with a stable, reliable currency that shields them from the volatility typically associated with modern financial systems. The stability introduced by KronCash encourages investment and growth within local businesses, reinforcing the French economy\u2019s global competitiveness and its foundational role in European financial history.\n\n\nMoreover, KronCash's commitment to decentralized governance and community empowerment resonates deeply with France's historical advocacy for liberty, equality, and fraternity. By utilizing a governance model that allows token holders to make decisive contributions to policy-making, KronCash not only promotes a financial democracy but also embodies the philosophical tenets that have long been celebrated in French culture.\n\n\nAdding to its societal contributions, KronCash has implemented a visionary grant system funded by the revenues generated within the KronCash ecosystem. This grant system is democratically governed by its community of token holders who vote on the allocation of both Kronlets and fiat resources. One of the most impactful aspects of this system is its focus on reviving and financing the \"Franc Zone\" \u2014 a monetary union in which the Franc previously circulated, including several African countries that were once territories under French administration.\n\n\nThis reintegration of the Franc Zone not only serves to enhance economic ties with these regions but also provides critical financial support to African entrepreneurs and businesses. By channeling investments into these economies, KronCash supports their growth and development, fostering economic independence and innovation. This initiative extends the spirit of the French economic influence, promoting development based on a model of stability, growth, and historical economic success.\n\n\nIn sum, the KronCash project does more than just reintroduce a historical currency in a modern digital form; it actively participates in crafting a robust economic network that spans continents and cultures, driven by principles of stability, trust, and community governance. Through its strategic initiatives and democratic allocation of resources, KronCash is setting a precedent for how decentralized financial systems can profoundly impact global economic landscapes, championing development, and innovation in line with historical values of liberty and economic philosophy.\n\n", "hidden": false, "question": "Individual or team summary", "questionId": 5}, {"type": "multiple-choice", "answer": "Research", "hidden": false, "question": "Project category", "questionId": 6}, {"type": "paragraph", "answer": "**Introduction**\n\nKronCash aims to revolutionize the stablecoin market by addressing significant problems inherent in today\u2019s cryptocurrency and traditional financial systems. This grant proposal focuses on three critical issues: combating inflation, promoting stablecoin reserves fueled by active community participation, and enhancing monetary policy involvement by users. The success of these initiatives will be measured through specific economic indicators, user engagement metrics, and the direct impact on local economies, particularly the French market.\n\n**1. Anti-Inflation Measures**\n\nThe primary concern in the financial landscape today, both in fiat and cryptocurrencies, is inflation. Traditional currencies often lose purchasing power over time, a phenomenon that most stablecoins cannot mitigate since they are pegged to these inflating currencies. KronCash introduces the Kronlet, a stablecoin whose value is not only pegged to a basket of assets but is also designed to appreciate in response to inflation rates. This approach effectively makes Kronlet an anti-inflationary stablecoin, ensuring that holders maintain or increase their purchasing power regardless of market conditions.\n\n**Measurement of Success:** \nThe effectiveness of Kronlet against inflation will be gauged by its ability to outpace the Consumer Price Index (CPI) increases. A comparative analysis of Kronlet\u2019s appreciation against traditional fiat currencies' depreciation will be conducted annually to ensure it meets its anti-inflationary goals.\n\n**2. Stablecoin Reserves Activated by Healthy Participation**\n\nUnlike other stablecoins that maintain reserves in passive, often undisclosed manners, KronCash leverages active community engagement to manage its reserve. Users participate in financial activities that directly influence the reserve health\u2014every transaction involving KronCash Francs contributes to the Kronlet reserve, linking the economic vitality of the stablecoin to user activity. This model not only enhances transparency but also ensures that the reserve is continuously replenished and represents the community's trust and participation.\n\n**Measurement of Success:**\nSuccess will be measured by the growth of the reserve fund, transaction volume, and user participation rates. We aim to achieve a consistent increase in monthly user transactions and reserve size, reflecting robust community engagement and financial health.\n\n**3. Active Participation in Monetary Policy**\n\nKronCash disrupts the traditional exclusion of everyday users from monetary policy decisions. By employing blockchain technology, KronCash allows users to vote on key financial decisions, such as reserve management, transaction fee structures, and new feature implementations. This level of involvement empowers users and ensures that the platform evolves according to the direct needs and votes of its community.\n\n**Measurement of Success:**\nThe success of this democratic approach will be measured by user participation in voting and decision-making processes. Targets will include voter turnout rates in governance proposals and the number of proposals submitted by the community each quarter.\n\n**4. Creation of a Status Subscription on the Blockchain**\n\nLeveraging historical themes, KronCash introduces a status subscription model on the blockchain, where users achieve different status levels by contributing to the Kronlet reserve. High-tier contributors gain unique statuses that come with benefits both in the digital and real world, such as promoting and financing French businesses. This system not only rewards users but also stimulates the French economy by linking transactions to financial support for local enterprises.\n\n**Measurement of Success:**\nThe impact of this system will be tracked through the amount raised from subscriptions and its subsequent investment into the French economy. Success indicators will include the number of businesses supported, the job creation statistics, and overall economic impact within France.\n\n", "hidden": false, "question": "What specific problem(s) do you seek to solve with this grant, and how will you know whether you have accomplished your goal(s)?", "questionId": 7}, {"type": "paragraph", "answer": "**KronCash: Advancing Token Engineering and Economic Growth Through Blockchain Technology**\n\n**Introduction**\n\nKronCash represents a pivotal advancement in token engineering, focusing on cultivating a robust economic ecosystem that leverages blockchain technology to empower French businesses, enhance tourism, and support economic development in both France and historically linked regions in Africa. As a new startup, KronCash is poised to deliver considerable impacts through innovative financial solutions, drawing upon the historical strength of the French Franc in its digital avatar, Kronlet. This initiative is expected to catalyze substantial economic inflows, reinforcing the French national identity and fostering widespread adoption of blockchain technology.\n\n**Impacts on French Businesses and Tourism**\n\nKronCash introduces a transformative approach to financial transactions for French businesses by integrating with the Optimism blockchain. This integration facilitates rapid, transparent, and cost-effective financial exchanges, critical for businesses expanding in the international market. By utilizing blockchain technology, French businesses can achieve greater financial autonomy, reduced transaction costs, and enhanced transaction security.\n\n**Potential Economic Inflows and Blockchain Traction**\n\nThe utilization of KronCash is expected to generate significant economic inflows into France. With the project's success, we anticipate facilitating upwards of \u20ac20 million in transactions annually within the first two years. This financial activity will not only bolster the liquidity of KronCash but also ensure continuous support for the platform's growth and the broader French economy.\n\nAs businesses adopt Kronlet for transactions, tourism is expected to receive a new impetus. Tourists using Kronlet for payments can experience a seamless financial interaction, enhancing their travel experience and boosting local commerce. The historical allure of the tokenized Franc combined with practical blockchain utility creates a unique tourist attraction, potentially increasing tourism-related revenue by an estimated 5-10% in regions actively promoting Kronlet usage.\n\n**Microlending and Financial Grants**\n\nKronCash is set to revolutionize microlending practices by making funds more accessible to small and medium-sized enterprises (SMEs) in France and Africa. The platform will use blockchain to provide proof of transactions, thereby simplifying the lending process and reducing associated risks for lenders. This initiative will particularly benefit businesses in former French colonies in Africa, aiming to rectify economic imbalances and promote social justice through financial inclusion.\n\n**Example of Economic Integration: The Paris Opera House**\n\nA notable example of KronCash\u2019s impact is its potential collaboration with cultural institutions like the Paris Opera House. By enabling ticket purchases via KronCash, the Opera House could tap into new funding streams for public works and historical projects. For instance, a portion of every transaction made using Kronlet could be directed towards the restoration of historical sites or supporting local art projects, thus embedding cultural preservation within the economic model.\n\n**Charitable Causes and National Identity**\n\nKronCash is committed to supporting charitable causes through blockchain transactions. Tourists and citizens who use Kronlet for their transactions automatically contribute to initiatives aimed at preserving French heritage and supporting local communities. This model not only fosters a sense of national pride but also ensures that the benefits of blockchain technology are directly linked to tangible social impacts.\n\n**KronCash: Catalyzing French Identity and Business Growth Through Blockchain**\n\n**Extension of French Cultural and Economic Projects**\n\nKronCash is not just a financial tool but a catalyst for promoting French national identity and decentralizing economic influence from the Euro. This is achieved by linking the value of its cryptocurrency, Kronlet, directly to the historical and cultural significance of the French Franc, which acts as an anti-inflationary derivative. This strategic connection allows for numerous opportunities to stimulate and expand the French economy through targeted projects and partnerships.\n\n**Promotion of French Art and Culture**\n\nOne of the most significant areas where KronCash can enhance French identity is through the arts and culture sector. By partnering with institutions like the Louvre or the Mus\u00e9e d'Orsay, KronCash could facilitate global ticket purchases, donations, and memberships via Kronlet. Such initiatives could fund restoration projects or new exhibitions that highlight French heritage, attracting international tourists and reinforcing the cultural richness of France.\n\n**Strengthening the French Culinary Industry**\n\nFrance's culinary industry, another cornerstone of its national identity, stands to benefit significantly from KronCash. The platform could be used to fund agritourism startups and small farms that are crucial to the country's gastronomic reputation. For example, KronCash could enable direct blockchain-based investments from global consumers into wine estates in Bordeaux or cheese producers in Normandy, promoting French gastronomy's legacy and ensuring its continued global presence and appreciation.\n\n**Support for French Fashion and Luxury Goods**\n\nThe French luxury goods and fashion industry, known worldwide for its quality and craftsmanship, could also leverage KronCash to gain an edge in the global market. Luxury brands could use Kronlet for secure, traceable transactions that not only offer anti-inflationary benefits but also appeal to a clientele keen on authenticity and heritage. This would not only reinforce the desirability of French products but could also introduce a new standard in how luxury goods are bought and sold worldwide.\n\n**Development of French Technology and Innovation**\n\nIn the tech sector, KronCash can support innovative French startups through dedicated blockchain funds that invest in sectors like biotechnology, renewable energy, and digital media. By providing these industries with a stable, growth-oriented financial platform, KronCash would help maintain France\u2019s competitive edge in global innovation markets.\n\n**Enhancing French Historical and Architectural Preservation**\n\nKronCash could also be pivotal in preserving French historical landmarks. Projects like the restoration of Notre Dame Cathedral or the development of the historical Axis of Paris could be funded through Kronlet transactions, with a percentage of every transaction allocated to heritage conservation funds. This not only helps preserve the architectural legacy of France but also embeds a sense of pride and ownership in every digital transaction tied to Kronlet.\n\n**Decentralization and Empowerment of Local Communities**\n\nFinally, KronCash's decentralized nature is a boon for local communities across France. By allowing direct community engagement in monetary policy through blockchain voting, KronCash empowers regions to fund local projects that matter most to them, from rural development initiatives to urban renewal projects. This approach not only strengthens the national identity but also ensures that economic growth is evenly distributed and reflective of the diverse needs and aspirations of all French citizens.\n\n**KronCash: Strengthening Francophone Africa through Innovative Blockchain Grants**\n\n**Introduction to Grants and Predictive Success**\n\nKronCash is dedicated to revitalizing and strengthening regions impacted by French colonization, particularly those within the Franc Zone, where the local economies are often still tied to the French economic framework. By implementing grants and incorporating these regions into the high-speed, efficient blockchain network of Optimism, KronCash aims to revolutionize how these economies integrate with global markets, ensuring sustainable growth and innovation.\n\n**Strategic Grants to Boost Local Economies**\n\nKronCash's strategic grants program is designed to empower businesses and industries in Francophone Africa by providing the capital necessary to harness blockchain technology for growth and innovation. These grants are targeted at key sectors such as agriculture, small-scale manufacturing, and digital services that are pivotal to the local economies but have been historically underfunded.\n\n**Predictive Success Metrics**\n\nKronCash projects significant success from these initiatives, with expectations to increase regional GDP by up to 5% over the next five years through blockchain integration alone. For instance, by implementing blockchain solutions in agricultural supply chains, productivity is expected to increase by 20%, reducing losses and improving market access. Additionally, the support for small and medium enterprises (SMEs) through these grants is anticipated to boost employment by up to 10% in participating communities, enhancing economic stability and reducing poverty.\n\n**Integration of African Industry into the Optimism Blockchain**\n\nThe integration of African industries into the Optimism blockchain represents a transformative step towards modernizing the economy and enhancing its efficiency. This blockchain platform is known for its low transaction costs and high throughput, which are ideal for businesses in developing economies looking to expand their digital footprint.\n\nFor example, the Optimism blockchain can facilitate real-time, cost-effective transactions for local artisans and traders, enabling them to access global markets without the hefty fees traditionally associated with international sales. This integration is not merely about adopting new technology but about reshaping economic interactions on a foundational level.\n\n**Empowering Local Industries with Blockchain Technology**\n\nKronCash not only aims to introduce blockchain technology but also to build capacities so that local industries can leverage this technology independently. This involves training programs and workshops that focus on blockchain literacy, ensuring that businesses can maintain and develop their blockchain systems to adapt to market needs continually.\n\n**Sustainability and Long-term Growth**\n\nThe ultimate goal of KronCash is to ensure that the growth spurred by these initiatives is sustainable and self-perpetuating. By fostering an environment where local businesses are not only recipients of grants but also become innovators and leaders in blockchain utilization, KronCash sets the stage for long-term economic prosperity that can continue to evolve independently of foreign aid.\n\n", "hidden": false, "question": "Describe how your project contributes to token engineering and why it is a valuable public good.", "questionId": 8}, {"type": "multiple-choice", "answer": "Minimum viable product (MVP)", "hidden": false, "question": "What stage do you consider your project is currently in?", "questionId": 9}, {"type": "paragraph", "answer": "Phase 1: Conceptualization and Planning \n-Whitepaper Creation \n - Define the mission, vision, and goals of Kroncash and Kronlet. \n - Specify technical requirements for stablecoin and other ecosystem components. \n- Feasibility Study \n - Research legal and regulatory requirements for operating in targeted jurisdictions.  \n- Analyze market demand and competitors in the stablecoin space. \n", "hidden": false, "question": "Please share any new updates or milestones from the prior months.", "questionId": 10}, {"type": "paragraph", "hidden": false, "question": "If your project has received prior funding from the Token Engineering Grants Program, please describe the impact that funding has had on the project.", "questionId": 11}, {"type": "short-answer", "answer": "N/A", "hidden": false, "question": "Previous project funding sources (VC, grants, token sales, etc.)", "questionId": 12}, {"type": "number", "answer": "0", "hidden": false, "question": "Total prior funding for the project in USD", "questionId": 13}, {"type": "short-answer", "hidden": true, "question": "How did you hear about the Token Engineering Grants Program?", "questionId": 14, "encryptedAnswer": {"ciphertext": "PXuAWKKqskO2censKhMQXEM49OUIplnIg3Ln5hPeaRSbQeVdng1COTfg+FQw4UVu/GqF5KQm2jvcRbPKF2+6WwHwoQ/zESxhcF2JWL87JXt9n41m8FunEbrw2/gtTFz9p32rIxEdz4oNJZxdu/XSeMX4yvH2xAEbtgW40xTw86cwTEy1giB9+dP9uRpTOlZ4iISatJLlQWB50mt0Tvor6w==", "encryptedSymmetricKey": "e68c5c1d16e5ca7ce6ae083e1f0c4cd5cf65d103c11a890d01476c7dc5df89b3000e5772ba1fdbfd1505ac2dfe48041637d11d5b47a1f8a92c0a6d6dab8c876ec2f38aaa58e70f9c7ea07f283839381a2865520f4d4a4253c111dc067f3b50a9196334dd392b2ffb6996af0a6c13d47b31c1e7befa8fe3f20108329b7b5d56240000000000000020d36bf4a7b3380dd600bcb29f3de83ca10143c90816d669455d8de48098a88ddd31319a5a2242b0607803aa2eed63a090"}}, {"type": "multiple-choice", "hidden": true, "question": "Would you agree to participate in a follow-up survey approximately 8 weeks after the grant round to assess the impact of the funding on your project?", "questionId": 15, "encryptedAnswer": {"ciphertext": "yowIVjY0QOjbZ5S6BF35YCQ4+5jIr9EfBU32+rgIcEU=", "encryptedSymmetricKey": "9f01bc98c020f17949fa58c674ceef2b37fe9694cc03e0fbdd496224a325ea6ff2ae83f64dca6564ec3d50e1611d4e059e04f9ccd26a9084dd32764eb7163cb25208fa639ac44fe048b9759daa57aa8f6f52fbbd6d3e006dba3bb294d0062a823f25f6b290488b5ff7a69f83e1f5957e3eccc20b52296f975b023ef1213571d90000000000000020f488c0557b46d0217ecc1ced36cbc1148c3af0562e46b7976d4480a208690e9bbf56b4e14a00f4daef612fc2624f2bb3"}}, {"type": "paragraph", "answer": "Full Roadmap:\n\nPhase 1: Conceptualization and Planning \n-Whitepaper Creation \n - Define the mission, vision, and goals of Kroncash and Kronlet. \n - Specify technical requirements for stablecoin and other ecosystem components. - Feasibility Study \n - Research legal and regulatory requirements for operating in targeted jurisdictions.  - Analyze market demand and competitors in the stablecoin space. \nPhase 2: Technical Infrastructure Setup \n- Smart Contract Development \n - Design and develop the core smart contracts for Kronlet stablecoin. \n- Deployment on Testnet \n - Use Hardhat framework for developing and debugging and deploying. \n - Deploy contracts on a testnet for trial runs and debugging. \n- Security Audits \n - Engage third-party services for security audits of the smart contracts. \nPhase 3: DApp and User Interface \n- Web Platform Development \n - Design and develop the initial version of the DApp website interface. \n- Web3 Integration \n - Integrate Web3 functionalities to allow users to interact with contracts directly from the DApp. - Wallet Integration\n - Ensure compatibility with major wallets (e.g., MetaMask, WalletConnect, Coinbase, Binance). \nPhase 4: Multi-chain Compatibility \n- Cross-chain Bridges \n - Build or integrate cross-chain solutions to make tokens transferable across different blockchains. - EVM Chains Deployment \n - Deploy contracts on multiple EVM-compatible chains for broader access. \nPhase 5: Stablecoin Launch and Initial Features \n- Kronlet Stablecoin Launch \n - Official release of the stablecoin on mainnet. \n- Reserve Backing and Fee Structure Establishment \n - Set up reserve funds and define fee structures for transactions and services. \nPhase 6: Expansion and Utility \n- Value Appreciation Mechanism \n - Implement features that can drive the appreciation of the stablecoin's value. - Liquidity Pool Mechanisms \n - Establish liquidity pools for Kronlet with incentives for providers. \n- Collateral Utility and Reserve Financing \n - Develop use cases for collateral within the ecosystem to strengthen the financial model. \nPhase 7: Governance Token and Incentives \n- Kroncash Token Launch \n - Issue governance token (Kroncash) and detail its role within the ecosystem. - Market Dynamics Management \n - Create market-making strategies and tools for managing Kroncash's presence in the market.\nPhase 8: Long-term Strategies \n- Kroncash Burn Strategy \n - Determine and enact policies for burning Kroncash tokens to manage supply. - Partnerships and Integrations \n - Seek out strategic partnerships to expand the utility and recognition of the ecosystem. \nPhase 9: Community Building & Marketing \n- Community Engagement \n - Begin extensive marketing campaigns and community management efforts to build a user base. - Feedback and Improvement \n - Collect user feedback and continuously improve the platform features based on insights gained. \nPhase 10: Compliance and Scaling \n- Regulatory Alignment \n - Regularly review compliance with global regulations and adapt as needed. \n- Scaling Solutions \n- Implement scaling solutions to accommodate increased transaction volume and participation. \nPhase 11: Performance Review & Feature Upgrades \n- Ecosystem Audit \n - Conduct comprehensive audits of ecosystem performance, financial stability, and user engagement. - Advanced Features Roll-out \n - Release advanced features like DAO governance, DeFi integrations, additional collateral options, etc. \nPhase 12: Sustainability and Evolution \n- Sustainability Initiatives \n - Ensure eco-friendly practices are integrated into the ecosystem operations. \n- *Future-proofing\n - Stay abreast of industry advancements to ensure long-term relevancy of the Kroncash and Kronlet  ecosystems.\n\n\n", "hidden": false, "question": "Anything else you'd like to share about your project, previous work, or other project affiliations? Anything you'd like to add that has not been covered?", "questionId": 16}], "project": {"id": "0x156b38dfcf4314f052d5b28d3b53de33be9f386f9942299452ddf81471eb073f", "title": "KronCash ", "logoImg": "bafkreibctj6t75yus37blhqidgsgmmny7q5mgmbaqnqqqyvvzs6wocm6ny", "metaPtr": {"pointer": "bafkreieto5vejq3xqq5q5tetopwxziqemu2kcax5tci4wo27j2si6obqce", "protocol": "undefined"}, "website": "https://www.kroncash.org/home", "bannerImg": "bafkreib4q7hwugb6ddmzx5fhsi6z36sguncxf7oy7lgudxzt4nqdi6clk4", "createdAt": 1713029622548, "userGithub": "KRONCASHMAN", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..zAYZ1Kq_KiiB1sexT58It5N0HzquoPPG3YueM3IIuW-ZQOIJ5fh0AVQn8m7e1znXkrmfZtfVVuXOJER5s_M2Dw", "type": "Ed25519Signature2018", "created": "2024-04-13T17:33:37.606Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-13T17:33:37.606Z", "expirationDate": "2024-07-12T17:33:37.606Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x9B1049c1Ce67169F210d1D6ea5D2E2D6E644C450", "hash": "v0.0.0:z28dk59nqSgLoBPbZlBRbIiwG3SyZoGjHEoCins6uYw=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#kroncash2002"}}}, "description": "Kroncash is pioneering a groundbreaking approach within the decentralized finance (DeFi) sphere by reviving and capitalizing on the economic legacy of currencies made obsolete by the adoption of the Euro, such as the French Franc. The platform employs a unique DeFi model, Resurrected Currency Anti-Inflation Tokenized Derivatives (RCATD), which not only resurrects these currencies in a digital format but also integrates a dynamic framework for inflation adjustment and community-based governance. This innovative strategy addresses a critical void left by the Euro's homogenization of diverse economic landscapes, restoring a form of monetary sovereignty and economic identity to regions once defined by their unique currencies.\n\nKroncash's approach to revitalizing the French Franc involves creating a derivative token known as the Kronlet. This token's value is directly tied to historical exchange rates and adjusted for current inflation metrics. By doing so, Kroncash offers a stablecoin whose value appreciates in alignment with actual cost-of-living increases, unlike traditional stablecoins which typically aim to maintain parity with existing fiat currencies without appreciation. This inflation adjustment mechanism ensures that the Kronlet not only serves as a reliable store of value but also as a hedge against inflation, making it an ideal asset for both saving and investment.\n\nThe platform\u2019s governance structure allows token holders to participate actively in decision-making through voting. This democratizes financial governance and gives stakeholders a direct role in guiding the development of the Kroncash ecosystem. Through these votes, users can influence critical aspects of the platform, such as the direction of philanthropic efforts and the allocation of resources within the ecosystem. Such a model empowers users by giving them a stake not just in the platform\u2019s financial success but also in its strategic and operational choices.\n\nPhilanthropy is a cornerstone of Kroncash's mission, with a specific focus on benefiting the regions historically connected to the French Franc, particularly those in the CFA Franc zone in Africa. By leveraging the economic activity generated through Kronlets, Kroncash directs a portion of transaction fees into charitable projects and development initiatives within these regions. This not only helps mitigate some of the economic disruptions caused by the transition to the Euro but also supports sustainable development in underprivileged areas. Projects funded through this initiative aim to enhance local infrastructure, education, healthcare, and economic opportunities, directly contributing to the welfare and development of these communities.\n\nMoreover, Kroncash\u2019s impact extends to French businesses by facilitating investments and financial activities that boost local economies. By creating a stable yet appreciative digital currency that reflects the historical strength of the French Franc, Kroncash provides French businesses with a novel financial tool to hedge against inflation and engage in cross-border trade without the volatility associated with traditional cryptocurrencies.\n\nIn essence, Kroncash is not merely reintroducing an obsolete currency; it is reshaping economic landscapes by integrating advanced blockchain technology with traditional economic values. This synthesis enables a stable and prosperous ecosystem that not only preserves the economic history and identity of regions affected by the Euro but also fosters economic growth, stability, and philanthropy, leveraging the past to empower the future. Through Kroncash, the once vibrant economic sovereignties overshadowed by the Euro are revived and given new life in the digital age, creating real-world impacts that echo beyond mere financial transactions.\n", "lastUpdated": 0, "projectGithub": "KRONCASH-FRANC", "projectTwitter": "kroncash2002"}, "recipient": "0x9B1049c1Ce67169F210d1D6ea5D2E2D6E644C450"}}