Tokenization for Inflation-Alleviation
Assist individuals in inflation-hit countries by tokenizing daily goods to lock in current prices, hedging against future inflation, and planning a Proof of Concept phase.Application
Applied on: 16 Apr 2024 10:15 PM
Approved
User Review
AI Review
A1
Reviewed on 16 Apr 2024 11:01 PM
Advance the field of token engineering (tldr; economics and system design with crypto / design and analysis of cryptoeconomic systems)
The project's concept of creating a tokenized hedge against inflation through goods-backed tokens falls within the scope of advancing cryptoeconomic systems and could contribute to the body of knowledge and implementation strategies in the field of token engineering.
Focus on token engineering research, education, software development and/or social infrastructure
The project involves research into the effects of inflation on economies and the subsequent development of a proof of concept, catering to both the research and software development aspects of token engineering.
Be a public good
The concept of providing a means for individuals to hedge against inflation with tokenized assets serves a public interest, especially in inflation-hit economies, and aligns with the principles of public goods in a cryptoeconomic context.
Specify your short-term goals (within the scope of the grant) and long-term vision of their projects
The project has clearly outlined its short-term goals, including the launch of a proof of concept and refinement of parameters, as well as its long-term vision of expanding the tokenization scheme, which fits within the requirements of the grant.
Provide some proof of already existing work and list any recent milestones, even if small, to be included into the round
Based on the provided Github activity, there are only three commits in the past three months with no pull requests or issues, suggesting minimal evidence of existing work and a lack of substantial 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's provided information does not specify whether it is a returning grantee or details any progress made since potential previous funding, leaving this criterion uncertain without additional context.
Have a verified Twitter account
The provided link to the project's Twitter account does not include evidence of verification; therefore, it is unclear whether the Twitter account is verified as required.