We aim to alleviate the impact of inflation on the everyday lives of ordinary people through tokenization, with a particular focus on countries like Argentina, where citizens have experienced severe inflation to a point of many people's struggling to make ends meet. For context, the poverty rate in Argentina is reported to be 57%, while child poverty rate could reach a shocking 70% due to inflation.

The idea is to issue goods-backed tokens redeemable for everyday necessities such as bottles of water and bags of cereal. By purchasing a respective token, such as a “Water Token,” consumers can lock in today’s price and avoid potential price increases by the time they redeem the token for actual goods like bottles of water in the future.

For the scope of this grant, the primary focus will be research and the implementation of a Proof of Concept, subject to a grant size. The detailed plan outlining the phases is available on the following website (https://carpal-lyric-5b6.notion.site/Tokenization-for-Inflation-Alleviation-0f43c6731a3d45188e588f6e57058cb1). 

At a high level, the phases are as follows.

Phase 1: Research inflation generally
Phase 2: Create a plan for the Proof of Concept
Phase 3: Prepare to rollout the Proof of Concept
Phase 4: Conduct system implementation for Tokenization
Phase 5: Research and potentially write a unique ERC specification

Each phase will have corresponding deliverables, such as a research report on the status of inflation in selected countries like Argentina (Phase 1), a detailed Proof of Concept schedule and plan, including criteria for selecting a good for tokenization (Phase 2), and so forth.
