ScholaFi

Description

Progress During Hackathon

During the hackathon, progress on the educational crowdfunding platform has been steady, focusing on defining the problem and refining the unique value proposition. The team has made strides in setting up the Base blockchain environment, developing and testing smart contracts for fund distribution and trust mechanisms, and integrating the frontend with Web3 functionalities like wallet connections and API interactions. UI/UX design is taking shape, ensuring a smooth experience for users creating campaigns and contributing funds. Security features such as trust mechanisms and fraud prevention are also being explored. The platform is nearing MVP status, with ongoing testing and refinements to prepare for a live demo. Challenges have included optimizing gas fees and ensuring seamless blockchain interactions, but solutions are being implemented. The next steps involve final testing, polishing the demo, and preparing for the pitch presentation. During the hackathon, progress on the educational crowdfunding platform has been steady, focusing on defining the problem and refining the unique value proposition. The team has made strides in setting up the Base blockchain environment, developing and testing smart contracts for fund distribution and trust mechanisms, and integrating the frontend with Web3 functionalities like wallet connections and API interactions. UI/UX design is taking shape, ensuring a smooth experience for users creating campaigns and contributing funds. Security features such as trust mechanisms and fraud prevention are also being explored. The platform is nearing MVP status, with ongoing testing and refinements to prepare for a live demo. Challenges have included optimizing gas fees and ensuring seamless blockchain interactions, but solutions are being implemented. The next steps involve final testing, polishing the demo, and preparing for the pitch presentation.

Tech Stack

Fundraising Status

The fundraising status for the educational crowdfunding platform is progressing, with efforts focused on securing initial contributions and attracting early backers. Engagement with potential donors, investors, and community supporters is ongoing, with interest growing as the platform’s vision and trust-based model are presented. Discussions with strategic partners and stakeholders are in motion to establish long-term sustainability. While some funding has been raised, there is still a need to expand outreach and demonstrate the platform’s impact to attract more contributions. The next steps involve refining the fundraising strategy, leveraging blockchain transparency for credibility, and exploring additional funding sources such as grants, venture capital, or token-based incentives.