Headquarters (HQ.xyz)
Onchain business account offering batch token payments, crypto-to-bank payouts, and treasury reporting to streamline business operations.Application
Applied on: 1 Aug 2024 08:18 AM
Rejected
User Review
AI Review
A1
Reviewed on 1 Aug 2024 09:00 AM
CollabTech project - organisations on-chain, evolution of B2B SaaS, network states tooling & DAO tooling, and future of work; projects advancing reputation, governance & decision making, operations (accounting, sales automation, inventory management, talent, etc), community, and contributor tooling!
Headquarters (HQ.xyz) focuses on unifying and streamlining business operations in today's onchain economy, offering services such as batch token payments, crypto-to-bank payouts, and treasury reporting, which advances operations and contributes to the future of work within the onchain ecosystem.
Commercial viability or perennial Public Goods: projects addressing a clear need for a specific target user and with the ability to continue to deliver value over time (financial sustainability through business model and/or immutability)
The project addresses a clear need for financial operations and reporting in the onchain ecosystem, catering to finance professionals, onchain businesses, builders, and talent. With a strong pre-seed funding round and detailed plans for future expansion, it shows a clear path to commercial viability and long-term value delivery.
Maximum project development duration of 12 weeks (i.e. value delivered within 12 weeks)
While Headquarters mentioned delivering crypto-to-bank payouts within 12 weeks, some features like the self-custodial VISA corporate debit cards have a longer timeline (3-6 months). This may affect the eligibility based on this criterion.
Threshold: Projects must declare a “threshold” (minimum amount of funds needed to complete the project/feature/prototype and deliver value). Thoroughness in defining their threshold and feasibility (threshold within the range of match-funding available) will be key for approval into the round. Projects not able to attain the threshold (with combined donations + match funding), will not receive match funding but can still keep donations.
The provided information does not include any declaration of a specific threshold or detailed breakdown of the minimum funds needed to complete the project. This is essential for evaluating feasibility and alignment with match-funding.
General Criteria: Incomplete, poorly structured, unfeasible, or otherwise poorly conceived applications will be rejected.
While the application is detailed and clear about the project’s objectives and target market, it is incomplete regarding the threshold declaration, which is crucial for the funding eligibility. Thus, the application cannot be fully evaluated.