{"signature": "0xb97418b5f3c51ebaf609d026c5fe896794f96fe4c9181ee2b19e5b7c72d8c4ea06416e3fef3aaed272962ce69dc3dee67ea2aee1ddccc1988ab0b08b6fd4f9221c", "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": "BdArP4+6axTMhh8i2wXkk0cuNDI99Non7jpyker/5qU=", "encryptedSymmetricKey": "70fe313052029b279d2c3dc6390dc4d4d7a18208b5b6dd0ba6dbe668485cf452c9923176edbc8eee595586296561bd02531f0961197f2c9edf676a9718e1f52ea190fe67578a911cb0325ac31762c43510264982575f79ec9d54df62d32ffda01046901012f416302cadba68c1b3499dd9d397563bda8c68f27e14a59ab5243700000000000000202b57a0ab671b61c2330cc30af47cc2151d47ffcee574bf251c8b5f34eda4f39045532ef64dcc7217c5d448b944b6fd82"}}, {"type": "email", "hidden": true, "question": "Email address", "questionId": 1, "encryptedAnswer": {"ciphertext": "yAUsIWBIz26r/xKztjIG+wk5njU2aue8nkMl9j9PbEyXZ0+Iskr8YI6gvVKnFLDn", "encryptedSymmetricKey": "4a750f9b45a0ebd8a3ec8ff58056657df40ebf8ddfc863e5233a1b724585abbec469ca5ca21c1070312b04e1beccd50d55576b41bf9275356326c87cc749fd36356459a859a2481ab49f6b7c64924354e5a648286d1013f87ab82e799668248502fe3b14b0732e892c2f1979cc68bb2b4d90099d481af996fae2013ac8fd77e60000000000000020832716690f768e7e17a735aa3481f2e5c4346eebc73cfed547a95d539eb6be76336062a27a21c84dac1dbeac81b9c680"}}, {"type": "short-answer", "hidden": true, "question": "Telegram handle", "questionId": 2, "encryptedAnswer": {"ciphertext": "7aRQCaWFa7YQscwFMjBEx5eXnPEVc5iO3vrZgU+Dxns=", "encryptedSymmetricKey": "856e5285fc0090fd5a3115e3332a3088bb2bf48ad8b4b722270cb97de5dc11275f05bd73d1b8eca5725de5bd2523aa1375523a6c1ca4fbcd5a2e3cd53964b57900412e46726d66974aeebea1665dee3ff1e29f4d42d1583b461717967477ad8f4850aa81ae1e83a927534c4d63594c2ae79775401769dae1017d7f4615b1cdb100000000000000209b9add9c6abbc45756246fdbe5258121d21ac3aff58e10e2f21780022350f4802457855fe455507f52f88fb69dfa25a3"}}, {"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": "Q7jugftDHaeSt4D+rYq5ePAg7td2IesqtuohLOwLCZE=", "encryptedSymmetricKey": "96d099df6ae90bcca276ff1dfe71c09ace314985e5f4238a149d92bce25542da87b2c24126d5942f12b386a3174f0c09c861c03a60f48bbdd9cac15cde11fc6d489c8e47813db714a4efcae79a46e0194b666c6b2184e39665696212562be7811c70ec24f98acbca1f4ddcbd22dfcf2fcd1d5142618f332ebb149a34d446f1990000000000000020962520342dfa3866aed3ad9944419112b24e35afa50ca3b434ce194aa52cecf3ed5f65624387bae9b74c046c8321b086"}}, {"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": "This project originated from one of the participants at muBuenos (https://the-mu.xyz/blog/mubuenos), a pop-up city event in Buenos Aires, Argentina, held in March to April 2024. The project originator has work experience in the crypto/blockchain industry and was shocked by how expensive everyday foods are in Buenos Aires due to inflation. The project gradually formed through discussions with other muBuenos participants, including an introduction to a founder of PINTA token (https://pintatoken.com/en/#) by one of the muBuenos participants.\n\nThe mu team (https://twitter.com/themu_xyz), organizers of muBuenos, plans to set up a satellite office or equivalent in Buenos Aires for at least two years after muBuenos concludes at the end of April, 2024.  The project originator plans to leverage this office and the mu community to conduct research and roll out the Proof of Concept upon receiving the grant while seeking continuous advice from the PINTA token founder. Additionally, the infrastructure provider for PINTA token is also part of the mu community, enabling the project originator to leverage the existing technology infrastructure.", "hidden": false, "question": "Individual or team summary", "questionId": 5}, {"type": "multiple-choice", "answer": "Social Infrastructure", "hidden": false, "question": "Project category", "questionId": 6}, {"type": "paragraph", "answer": "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.\n\nThe 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 \u201cWater Token,\u201d consumers can lock in today\u2019s price and avoid potential price increases by the time they redeem the token for actual goods like bottles of water in the future.\n\nFor 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). \n\nAt a high level, the phases are as follows.\n\nPhase 1: Research inflation generally\nPhase 2: Create a plan for the Proof of Concept\nPhase 3: Prepare to rollout the Proof of Concept\nPhase 4: Conduct system implementation for Tokenization\nPhase 5: Research and potentially write a unique ERC specification\n\nEach 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.\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": "\nThe project contributes to token engineering not only by focusing on the tokenization of everyday goods, a relatively new and less discussed field, but also by potentially developing a new ERC standard suitable for fungible yet unique goods.\n\nFor example, bottles of water are identical in content but may have unique manufacturing lot numbers. To prevent situations where consumers have tokens without physical goods to redeem, collateral-tracking becomes necessary, even if consumers are unlikely to care about a specific manufacturing lot number to redeem their token.\n\nThis necessitates a new ERC standard that combines fungibility with uniqueness tied to physical assets since neither ERC20 or ERC721 suffice the purpose. A robust collateral-tracking system will be a major milestone in achieving a full-scale tokenization of everyday goods, and the same new ERC standard could potentially be applied to other areas, contributing to the greater Ethereum ecosystem.\n\nWhile tokenization is often associated with investments and profit, this project focuses on defensive tokenization to assist individuals who struggle to make ends meet. The underlying belief is that crypto and blockchain have the potential to achieve goals that traditional finance cannot, often overlapping with areas considered public goods.", "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": "Proof of concept (PoC)", "hidden": false, "question": "What stage do you consider your project is currently in?", "questionId": 9}, {"type": "paragraph", "answer": "The project started from almost scratch, with the initial idea focusing on assisting everyone in issuing unique tokens. However, through discussions at various events and muBuenos, the concept evolved into tokenization of everyday goods. Learning about PINTA token, an Argentinian project, has had a big influence on ideation.\n\nSince then, the idea has solidified towards potentially writing a unique ERC standard specifically for tokenization of goods in order to increase the probability of project success. While  past discussions were held in person and online in closed forms, the project is now ready to be publicly shared.\n\nThis tokenization project serves as a pilot program for a larger project about decentralized token management platform. A whitepaper for this overarching project is currently in preparation and has been in progress over the past few weeks. The plan is to decentralize the management of tokenization for everyday goods once the decentralized token management platform is ready. This will enable a wider range of ideas to be realized by customizing previous examples, such as PINTA token and this tokenization project.", "hidden": false, "question": "Please share any new updates or milestones from the prior months.", "questionId": 10}, {"type": "paragraph", "answer": "NA", "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": "0", "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": "5XGsgG9mEgczbMpD/GtgFnBWVP/8WuZMUVmlenCR+Jn/eeWDXE1K9ltJaQpeT2Ks", "encryptedSymmetricKey": "6db191f40536181cfbced7663737c8dc8919383b53c22e20fb502956d679ad0c7451c038e4687e607984ef04836b430858377d425fa9efb1065d44100df3614d1a30e47c0e18905b836b93cd8bd82d33e90189fd0b8fd88d0eae6ff2bb596481502151f834323c111efe560b6fa1d7aaa2ac8b54ae6ecbd893012e6dc791ddad00000000000000206f6eb6ab03f37d2f325491f8ded2fa85f349673fc0d0b5b0265c94073cabf797226dbfffdd9e07626ad65b6c68957ca4"}}, {"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": "qhhvvsBYOF1R1d5Mm50Be0ymfCTgIcjJWZssRbOx874=", "encryptedSymmetricKey": "440c05b5d8958c2f4b4fb14ec7f2793c4d3300d02c1f6c5f57771a38d04c07ce815e816ce4776168278307b62325ea0d6321e1e464ddef4384e7d2da9476a39f56c4a262bae928c6ba3b9b9ed3832d1e2a73798e7a6f0b6e012c9cee0966dfb5baf93df9bbcae2d81cfa4c4e7357058a812e90dca521d4f6fc8b07e1b3e576d400000000000000209f687c6b48edb68629ce77b5619af553ed700741ef915fec5197e149be24841a651eb1be9c1e235fecc1b32c2d861a88"}}, {"type": "paragraph", "answer": "While the project's current scope is primarily local, the goal is to implement such a tokenization scheme anywhere in the world where individuals struggle to make ends meet. Additionally, while the current project is framed as inflation alleviation project, we hope to eventually provide inflation-hedging tools in the longer term. To this end, this tokenization project serves as a valuable opportunity for a proof of concept.", "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": "0x8f34bacb77437c6106a90913ed6c580b640ed3ca94ee17c1fa86efdf86eb22e3", "title": "Tokenization for Inflation-Alleviation", "metaPtr": {"pointer": "bafkreicbrekzqrnzr7rmhsirvlbgqzq5rmy3fbqnlkbw2t6ltigkjev2ri", "protocol": "undefined"}, "website": "https://www.notion.so/Tokenization-for-Inflation-Alleviation-0f43c6731a3d45188e588f6e57058cb1?showMoveTo=true&saveParent=true", "createdAt": 1713293420742, "userGithub": "ryokog", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..ES-tk7cigYAUSrVVRjRmTOFifa_qJdUesMiVUGH2p0oW3UNPT3eWx29BYbd4htgbmkUfgA78XYDhvEOWmcRYAw", "type": "Ed25519Signature2018", "created": "2024-04-16T18:53:28.350Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-16T18:53:28.350Z", "expirationDate": "2024-07-15T18:53:28.350Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xE8082fFf7d65EFB95b97a3B42b7e8A0C2D218cC1", "hash": "v0.0.0:vDvXZSbeDuwwihUmLnqNBh6QDQTq87l0patu+5B4EJg=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#Rye84986"}}}, "description": "This project aims to assist individuals living in inflation-prolonging countries like Argentina and Turkey in their efforts to hedge against inflation through the tokenization of everyday goods. 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 \u201cWater Token,\u201d consumers can lock in today\u2019s price and avoid potential price increases by the time they redeem the token for actual goods like bottles of water in the future. This approach also helps reduce food waste caused by expiration, allowing individuals to stock up on fresh products like meats and fruits, even without a large freezer for a long term storage.\n\nWithin the scope of Token Engineering QF Grants, the project consists of five phases:\n\n1, Researching the reality of inflation globally, focusing on Argentina and similar economies.\n2, Developing a detailed plan for the Proof of Concept, including goods selection and city identification.\n3, Preparation for the Proof of Concept rollout, involving participant selection and stakeholder engagement.\n4, Implementing tokenization systems, leveraging existing infrastructure for PINTA token.\n5, Researching and potentially writing a unique ERC specification to ensure the smooth operation of tokenized goods economy.\n\nShort and Long-Term Goals:\nShort-term goals include launching the Proof of Concept, refining parameters, and gaining insights for a full-scale implementation. Long-term objectives involve expanding the tokenization scheme to various goods and exploring decentralization possibilities for enhanced customization and participation.\n\nProject Originator:\nOriginating from a participant in the muBuenos event in Buenos Aires, Argentina, this project was conceived in response to the city's high food prices driven by inflation. Leveraging on the mu community and the infrastructure provided for PINTA token, the project aims to address the challenges of inflation through innovative tokenization solutions.\n", "lastUpdated": 0, "projectTwitter": "Rye84986"}, "recipient": "0xE8082fFf7d65EFB95b97a3B42b7e8A0C2D218cC1"}}