[Track: Social Impact | Womxn-led teams] Cryptochicks Bounty

[annelisa-gitcoin]

Track Name:

The best womxn-led team with focus on social impact

Description:

Seeking innovative projects that address a social need (education, finance, climate, healthcare, food security, clean water, etc.)

Projects Criteria:

The project should have a business plan beyond the hackathon in the Metis ecosystem

Prize:

1000 USD

Project Requirement:

Projects will share an evaluation plan to include:

• Needs assessment
• A logical model of how their project addresses the need
• Evaluation metrics (how will you measure success)
• Possible obstacles and forethought plan to overcome and sustain the project
• Open source code with usability
• At least one woman on the team

Cryptochicks Judge:

• Elena Sinelnikova, Cryptochicks Co-founder: Judge
• Natalia Ameline, Cryptochicks Co-founder: Mentor
• Natalya Hearn, Business development director: Mentor

[gitcoinbot]

Issue Status: 1. Open 2. Started 3. Submitted 4. Done

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Work has been started.

These users each claimed they can complete the work by 47 minutes from now.
Please review their action plans below:

1) solving-it has been approved to start work.

We will try to design a crypto ecommerce which could run over metis blockchian
2) captainahab0x has been approved to start work.

On-chain credentialing for freelancers. A seamless management system for consulting firms, foundations, and DAOs.

CredLancer is designed for DACs, agencies, and foundations needing a better system to manage and level-up their freelancers. CredLancer allows seamless verification, skill badging, and project payout.

Tech Stack:
Gnosis Safe App
Matrix
Unstoppable Domains
Soul Bound Tokens
and more!

Our Social Impact element is that we negotiate low to no cost coursework for LANCERS to level-up. They have to stake a value to take a course, once completed they will be refunded their stake plus a match from out education fund that comes from profits. This will encourage LANCERS to complete new skill training and receive their on-chain badges.

Learn more on the Gitcoin Issue Details page.

[Solving-it]

Crypto-commerce
A decentralized e-commerce (crypto commerce) can bring a revolution in the peer to peer goods marketplace and it will highly impact the blockchain’s ecosystem in a good manner.

Potential Issues:
it ain’t gonna be easy growing against E-commerce giant like amazon etc, but if address these few major problems correctly we can go for a long run, these are few factors to focus on:
Choosing Specific crypto for using the platform
Revenue model
Customer Base

Solutions:
I have got the solutions for all of those problems listed above, so here we are addressing each problem one by one:

Considering OpenBazaar as an case study, we can see who choosing bitcoin was one of the reason of collapse of OpenBazaar, In an peer to peer goods marketplace we need a cryptocurrency which is a cash alternative for peer to peer transfer, unlikely Bitcoin which is high valued and rather than being cash alternative it’s a digital gold, So should look for stablecoins for the use for P2P goods marketplace, but after $UST and $USDD depeg depending on someone else’s stablecoin is also not a safe option, so we should consider creating our token for use of platform, this could also help in incentivising system (discussed properly in 2nd and 3rd solution)

Revenue model will be divided in 2 parts (i)Listing commision, (ii)Ads: To understand 1st part “Listing commision” we first need to understand our very own stable coin token distribution , minting and how we will utilize token, We will only mint the coin when someone place an order to buy and to maintain peg we will ensure the orders backing with another big market cap cryptocurrency like Ethereum or bitcoin.
Okay!! Now we’re good to know about listing commission, we will take about 10% average commission on each sale and the commission we get will be in form of our own stablecoin, 80% of the whole commission received will be kept as reserve to burn if needed to secure peg and the rest 20% can be kept as revenue and can be sold whenever needed.

Another and the main revenue source will be Ads, we will allow sellers and everyone else to put their relevant Ads and will charge them accordingly and we will use 80% of it as our revenue.(We will talk about rest 20% in 3rd solution)

Now this is the most difficult and time consuming task, Creating a customer base involves two major problems, i) Making them choose us over leading e-commerce, ii) making buying and selling with crypto easy for them:

If we incentivize customers then we can make customers choose us over any e-commerce, we can incentivize them with our 20% of Ads revenue in form of our stablecoin, but they will be allowed to withdraw the stablecoin after 30 days and within that 30 days they will able to buy anything with those coins in our marketplace, this will help neglecting sell pressure of coin in any specific day and will also increase customers interest to shop more from us which will attract more sellers toward us.
Next problem is making buying and selling with crypto easy for customers, we can learn from OpenSea in this case we will allow user to pay through debit/credit card and whenever they place a order we will take that money, the we will mint our stablecoin of the same money and then we will place order for them, that will make easy buying experience for buyers and for sellers we will not charge them anything until they make a sale and once they sell anything we will take our cut automatically which will make there selling experience better

[gitcoinbot]

Issue Status: 1. Open 2. Started 3. Submitted 4. Done

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Work for 1000.0 USDC (1000.00 USD @ $1.0/USDC) has been submitted by:

1. @solving-it
2. @captainahab0x

@mopdo please take a look at the submitted work:

• PR by @captainahab0x
• PR by @Solving-it

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• Want to chip in? Add your own contribution here.
• Questions? Checkout Gitcoin Help or the Gitcoin's Discord
• $1,003,377,778.81 more funded OSS Work available on the Gitcoin Issue Explorer

[Solving-it]

@mopdo @annelisa-gitcoin
the bounty is expired, can we know the name of the winners??