Application
Applied on: 23 Apr 2024 01:47 AM
Rejected
User Review
AI Review
A1
Reviewed on 23 Apr 2024 02:00 AM
Advance the field of token engineering (tldr; economics and system design with crypto / design and analysis of cryptoeconomic systems)
The project description indicates the creation of a carbon-backed stablecoin and incorporation of a token bonding curve, which could advance the field of token engineering. However, without more detailed information on the specific innovations or methods used, it is not clear to what extent these efforts advance the field beyond existing models.
Focus on token engineering research, education, software development and/or social infrastructure
The project is developing exchange contracts and adding a token bonding curve which pertains to software development within token engineering. This meets the criteria for a focus on software development in the field.
Be a public good
The project focuses on a carbon-backed stablecoin, which suggests an alignment with environmental sustainability - a common public good. Since carbon credit systems aim to contribute to the public good by mitigating climate change, the project fits this criterion.
Specify your short-term goals (within the scope of the grant) and long-term vision of their projects
Although the project mentions building exchange contracts and tokenomics modifications, it does not explicitly state clear short-term goals within the scope of the grant, nor is there any mention of a long-term vision provided in the provided description.
Provide some proof of already existing work and list any recent milestones, even if small, to be included into the round
The project has a website, a written green paper, and several repositories on Github with recent activity, indicating ongoing work. They have also mentioned an initiative to pre-tokenize living trees, suggesting recent milestones.
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
The project has provided information regarding current activities on Github, but there is no explicit information provided about previous grants or updates correlated to previous funding rounds, making it uncertain if this requirement is met.
Have a verified Twitter account
The project has provided a Twitter account link, but there is no indication that the account is verified with a blue checkmark.