Cooperatives Dao

Inspiration

The gaps we have identified in the world of cooperatives is that cooperatives are divided and are without direction. Although the global turnover of cooperatives is over 2 trillion US dollars, much of that value remains locked. We will unlock that value through cooperatives community building, liquidity creation through borderless market, low transaction fees and a rewards-based system with the aim of creating a decentralized but unified system

What it does

Cooperatives Dao is a savings and credit that rewards savers and creditors. the more the community saves and borrows, the more the rewards

How we built it

Currently we reward our clients with rewards we receive from our ownership of dor trafic miners just as proof of concept . We also approached Boliba, a saving and credit cooperative with 80k clients and proposed working with them in delivering our prototype.

Challenges we ran into

_We have been bootstrapping our operations and limited funding hiders our goals. _

Accomplishments that we're proud of

We own 3 DTMs used to reward our clients. We also run an integrationnet Node on Constellation Network.

What we learned

_Our business model is scalable. We need to focus on educating our clients about web3

What's next for Cooperatives Dao

It is our hope that Cooperatives Dao graduates from running an integration net Node to running a full Node. It is also our hope that we raise funding through applying for a grant or through an ICO to develop our app

Built With

• databases
• framework
• platforms