Goal

Initiate a positive feedback loop to support student hackers to attend global hackathons and give back winning prizes to support the next generation of students.

Context

This project is largely inspired by what Wanseob started in Korea and some existing behavior in Taiwan with a students-only DAO: XueDAO - where students have already won hackathons and donated winning prizes back to the organization

Structure

Students

Students apply for the scholarship, and the Hacker Fund will utilize the funding pool to take care of their travels/accommodations. If they win a price, they MUST donate it back to the fund to support the next generation of student hackers, continuing the positive feedback loop. Students will learn about the hackathons from two main channels: (1) The Hacker Fund network (as a part of Pagoda web3 Asia Community), (2) From the Student DAOs or collect information themselves.

Donors

Our donors will comprise three different groups: (1) Individuals, (2) Organizations, and (3) Corporations. Donors donate directly to the fund, trusting the mechanism. They will not automatically become multi-sig signers or a part of the approval committee. We want to ensure our decision-making process is without bias.

Approval Committee

The approval committee serves as the decision-making body for finalizing the allocation of our funds. While we can foresee the huge needs from the students’ side, we would want to ensure the quality of the student hackers we send out. The Approval Committee will consist of five experienced individuals in the web3 industry, representing different expertise and aspects of the ecosystem.

The very first approval committee will be hand-picked by the initiator of the project. Each batch of the committee will serve for 6 months until the next round; new committee members will be chosen by the exiting committee and the program alumni.

Multi-Sig Signers

The multi-sig signers are not necessarily donors but rather trusted individuals within the Pagoda network assigned by the fund initiator. The signers will be in charge of making sure the money flows out smoothly.

Timeline

We are planning to do a trial round in May and June 2024. The round will help us verify the mechanism we design and iterate. The official launch will be in July, alongside EduX, the education-focused web3 conference in Taiwan.

Wallet

Multisig on Arbitrum: 0x418763702cA3586bB4B164C9F350cF03aebD37a7

Team

• Jacky - seasoned podcaster from Taiwan, co-organizer of Taipei Blockchain Week, BuZhiDAO
• Vivian - organizer of Pagoda, Funding the commons Taipei, da0 founding member