The funding from this round would be pivotal in advancing Stormbit's development and achieving our strategic goals. Here's how we plan to allocate the funds across key areas:

Development: A significant portion of the funding will support the continued integration and refinement of smart contracts, especially focusing on the development of diamond contracts for enhanced scalability and flexibility. Additionally, funds will be allocated to support the beta testing phases with both borrowers and lenders, ensuring the platform's stability and user-friendliness.

User Research: Funds will be dedicated to conducting comprehensive user research within our target markets, particularly focusing on emergent countries. This research will gather insights into the needs and behaviors of both borrowers and lenders, guiding the refinement of Stormbit's features and user experience.

Community Building: To foster a strong and engaged user base, resources will be invested in community building efforts. This includes outreach to potential private lenders in targeted markets, organizing educational initiatives to increase blockchain and DeFi literacy, and establishing a system of rewards for early users to incentivize participation and feedback.

Marketing and Local Expertise: To effectively reach and serve our target audiences, a portion of the funds will be used for marketing efforts and to hire local experts. These experts will provide 1-1 guidance to lenders, helping them understand the value of Stormbit and navigate the platform effectively. 