zkUSD
ZKT Network offers a decentralized blockchain solution that ensures regulatory compliance across chains using zero-knowledge proofs, catering to global standards without sacrificing privacy.Application
Applied on: 1 Aug 2024 07:42 AM
Approved
User Review
AI Review
A1
Reviewed on 25 Jul 2024 03:00 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!
zkUSD focuses on compliance infrastructure and advancing trust and reputation via the Trust Score Oracle, fitting within the scope of CollabTech projects.
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)
zkUSD addresses a specific need for compliance in blockchain transactions and outlines a clear business model involving ongoing revenue from dApp fees, Oracle Node licenses, and integrated software solutions.
Maximum project development duration of 12 weeks (i.e. value delivered within 12 weeks)
The project timeline indicates significant value delivery within 3 to 6 months, which exceeds the 12 weeks maximum development duration requirement.
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 application does not provide a specific threshold or breakdown of minimum required funds to complete the project, making it difficult to assess feasibility and thoroughness.
General Criteria: Incomplete, poorly structured, unfeasible, or otherwise poorly conceived applications will be rejected.
The application is generally well-structured and provides comprehensive details on the project's objectives, target users, and long-term sustainability; however, lacking the timeline alignment and financial threshold info presents feasibility issues.