Roela
Company tokenizes unmined gold with a security token, aiming to offer a sustainable store of value and support community economic development, while seeking regulation for the token.User Review
AI Review
A1
Reviewed on 14 Feb 2024 05:40 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
The project's founding date is not provided in the given information, making it impossible to determine if it meets the age requirement.
The Grant must be primarily focused on climate solutions (the group may do other work but the grant proposal should be directly related to climate solutions). The proposal should explicitly outline how this project will help reduce GHGs or is an important core infrastructure for web3 climate solutions.
The project's description focuses on tokenizing unmined gold and its impacts on the gold market, rather than explicitly outlining how it will reduce greenhouse gases or contribute to web3 climate solutions infrastructure.
Grantees who received funding in previous rounds should report on project progress since GR15 or the Alpha & Beta rounds. We understand that some projects may have less progress given the timing of Alpha & Beta round disbursements. This will ensure accountability to supporters and also help encourage contributors by showing what you’ve been accomplishing.
There is no information provided on whether the project has received funding in previous rounds or any progress reports, therefore it is not possible to evaluate their accountability or progress.
All returning grantees are expected to update their proposal, in addition to project updates the proposal should include lessons learned from previous work and how they will use the additional funding from the upcoming round. The updated proposal should indicate how additional funding will help the project meet its goals, and include a rough timeline for the project overall.
Based on the information provided, it is not clear if Roela is a returning grantee, and there are no details provided about an updated proposal, lessons learned, or how additional funding would be utilized. Hence, an evaluation can't be made.
There is a general expectation that projects are within the “realm of viability”. Even if a project may be at a very early stage, it still must seem credible to the average person with an understanding of web3 technology and climate solutions. Grantee founders must genuinely intend to build the project, and the project must not broadly be considered an impossibility.
While the project does demonstrate an innovative approach to mining, its connection to web3 technology is not thoroughly outlined, and there is no clear connection to climate solutions. The viability of this project as a climate solution that leverages web3 technology is not evident based on the provided description.