💚Beneficiaries and Rotation Concept

The page describes how non-profit organizations are selected, which requirements must be fulfilled to be considered eligible and how the rotation schema is planned.

Pilot phase

The proposal is to use established and registered non-profit associations, and ideally, those having a track record in the Cardano ecosystem.

For the pilot phase, the proposal is to have a voting of one non-profit organization per Region --> (goal: be global from the beginning).

The voting will determine the sequence of the rotation; but all selected organizations would receive the #CardanoCommunity donations.

The following survey was created in order to get details from potential non-profit organizations:

• <Proposal from Pacific Town Hall>

  • pending

• <Proposal from LATAM>

  • pending

• Eastern Town Hall - mie.tran.0407

  • Non-profit organization which is registered in Vietnam / Malaysia or other Eastern Country

  • Ideally: the association is related to Cardano

  • Evaluate if deploying a local "version" of DirectEd (using Cardano Smart Contracts) would be an interesting path for Vietnam or other countries in Eastern.

• <Proposal from Africa Town Hall>

  • pending

• <Proposal from MENA Town Hall>

  • pending

• Proposal European Cardano Community: DirectEd Development Foundation https://directed.dev/

  • Founder: Simon Sällström (LinkedIn)

  • Merits: Catalyst Funded proposal, usage of Cardano smart contracts and Identity Solutions, established organization since more than 1 year.

  • Rationale:

    • For the pilot phase, it is important to select organizations which are already known to the wider #CardanoCommunity.

      • The registration of DirectEd in the UK as a charitable organization can be verified. --> https://register-of-charities.charitycommission.gov.uk/charity-search/-/charity-details/5203137

        • The entity has already developed a certain network effect, giving the initiative a better chance of success.

Number of Charities after the Pilot Phase

Proposal: limit the number to `x` (1 x EU, 1 x Africa, 1 x LATAM, 1 x Eastern, 1 x MENA, 1 x Pacific)

-> 6 charities

Application and Selection Process

• Pre-screening will be done by the regional town halls -> creation of a "short list"

• Goal is to include the #CardanoCommunity in the selection of the beneficiaries.

• Also to make the program accessible to a wider range of non-profit organizations.

• The application process must be simple, but contain sufficient information and documentation to avoid tax evasion risk or other regulatory risks (e.g. money laundering, financing of terrorism).

Rotation Process after the Pilot Phase

Ideas:

• First rotation after reaching 500 USD

• Second at 1000 USD

• Third at 2500 USD

• After that - re-evaluate the frequency of change and the number of beneficiaries in the initiative.

When amount is reached, ADA will be sent to the recipient wallet of the respective beneficiaries.

$ADA-Handle

The $ADA Handle -> $CardanoGives was minted and shall be used for the campaign when it starts.

7 Trusted Community Members have been identified; the final MultiSig has to be tested, the $Adahandle NFT will be sent to the MultiSig wallet.

Off-Boarding Process

• Which events would trigger the need to remove an organization from the pool of selected beneficiaries?

• Which process would apply?