Vulfund
Blockchain-based crowdfunding for Empowering Vulnerable Communities and Individuals
视频
描述
Overview
Vulfund is a blockchain-powered platform designed to facilitate transparent and impactful crowdfunding for underprivileged communities across Africa. By leveraging Decentralized Autonomous Organizations (DAOs) and blockchain technology, Vulfund ensures transparency, security, and global reach in charitable donations.
Problem Statement:
In Africa, less privileged communities such as motherless baby homes, orphanages, senior citizen homes, homes for disabled or special needs people, and other underprivileged communities struggle to access essential resources such as food, healthcare, education, and skill development. The traditional fundraising methods for this social causes in Africa often lack transparency and control over how funds are used as a result of the centralized donation systems that faces issues of trust and efficiency, suffer from high administrative fees, and face challenges in reaching a global audience. This limits the support available to those in desperate need.
Solution & Objectives:
Vulfund addresses these issues by:
- Decentralization: Utilizing blockchain technology to create a transparent and secure platform, eliminating intermediaries and ensuring all donations reach their intended recipients.
- DAO Governance: Empowering donors through NFT membership (granted for donations of $100 or more) to collectively decide on funding allocation through community voting.
- Direct Impact: Providing a platform for underprivileged institutions to register their needs and receive direct financial support for essential needs like food, healthcare, education, and skills training from a global crowdfunding community.
Key Features
- Decentralized Donations: Secure and transparent crowdfunding for vulnerable individuals and institutions.
- DAO Governance: NFT-based membership rights for donors contributing $100 or more to vote on fund allocations.
- Progress Tracking: On-chain tracking and regular updates on the impact of donations.
- Global Accessibility: Connects donors worldwide to registered institutions in need.
- Time-Bound Treasury Mechanism: Collective decision-making through DAO voting to fund top projects.
Technology Stack
Blockchain: For secured operations, the smart contract audited and deployed on Linea
- VulfundV2 deployed at: 0x951fAa8B5E040DdC3f0489D00CF1E66be2355b25
- VulfundNFT deployed at: 0x25d3195984A693886103312eA3FA53D738c951B7
本次黑客松进展
1. Identify a problem within the environment 2. Ideate together on the project 3. Conducted a market research and survey to better understand the painpoints and how best to solve it 4. Re-ideate and came up with the best approach. 5. We then developed the product requirement document 6. Designed the product using figma 7. Reviewed the design internally and externally. 8. Started working on the smart contract development to capture the requirement in the PRD while re-ideating where necessary 9. Developed the front end and Integrated the smart contract 12. Deployed on vercel for QA testing