Kroncash FOREX Research
Kroncash researches public goods, leveraging outdated exchange rates and economic indicators to create tokens reflecting economies, and profits by selling financial data derivatives in DeFi.Application
Applied on: 24 Apr 2024 02:08 AM
Rejected
User Review
AI Review
A1
Reviewed on 24 Apr 2024 03:00 AM
Advance the field of token engineering (tldr; economics and system design with crypto / design and analysis of cryptoeconomic systems)
The Kroncash FOREX Research project implements innovative token mechanics such as the Resurrected Currency Anti-Inflation Tokenized Derivatives (RCATD), which involves adjusting a token's value according to historical exchange rates and contemporary inflation data. This contributes to advancing the field of token engineering by exploring new models of stablecoin design and inflation adjustment mechanisms.
Focus on token engineering research, education, software development and/or social infrastructure
The project appears to combine research into resurrecting obsolete currencies with a focus on implementing smart contracts that automate value adjustments based on inflation data. Additionally, it incorporates social governance for decision-making and contributes to philanthropic efforts, thus covering aspects of research, software development, and social infrastructure.
Be a public good
Kroncash promotes several characteristics of a public good through its design as an inflation hedge, its decentralized governance model, and its support for philanthropic initiatives in regions historically connected to the French Franc. Additionally, providing a stable, inflation-adjusted medium of exchange aligns with public benefit.
Specify your short-term goals (within the scope of the grant) and long-term vision of their projects
While the project description outlines the mission and innovative aspects of the platform, it does not provide clear short-term goals within the scope of the grant or detailed long-term vision statements that are required for this criterion.
Provide some proof of already existing work and list any recent milestones, even if small, to be included into the round
The elaborate description of the project points to existing work, but there is no specific evidence or listing of recent milestones provided that could be verified or assessed for the purpose of the grant.
Have a project update - If you are a returning grantee, you must provide an update on what work has been accomplished since the last grant round your project received funding from
It is not clear from the provided information whether Kroncash FOREX Research is a returning grantee and if so, what specific accomplishments or progress have been made since the last funding round.
Have a verified Twitter account
The project has provided a link to its Twitter account, which can be checked for verification status.