Open Free Dollar (OFD)

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  Open Free Dollar (Open Access for Everyone)

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  Protecting me from climate change

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  My apps are powered by the coin

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  Saved us from "The Hunger games"

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  I accept payments in Open Free Dollar, am free from inflation

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  Gave us freedom to own our money as a Family.

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  Is it for me 2 who is in rural Uganda,....'yes it is '

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  As developers, We have <tested> it, It's infinite

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  'Thank you Open Free Dollar Team''~community

Inspiration

Open Free Dollar is the first decentralised stable coin that will enable billions of users to trade in the open market, and millions of developers to run Dapps on the internet computer.

Our vision is to ensure financial equality for everyone despite race, colour, nationality and place. We provide financial inclusion underserved and unserved while protecting the environment against climate change. Its not about us its about people. Goals To reduce economic inequality. To bank the billions that are unbanked. To improve lifestyle of both the developers and users. To preserve and protect the environment. To protect users from overcharges by Daaps and developers. To power and grow the internet computer community. To make Daap development more easier and simplified. To enable Minimal gas Charges. To Combat Climate Change. To make crypto more user loved and trusted. To make crypto mainstream.

Problem The internet Computer doesn't yet have any stable coin in place and does not have plans to integrate one in its road map and yet stable coins are essential for the Internet Computer ecosystem, especially in DeFi and NFTs ICP is still volatile and cannot be used in the open market and requires cycles to power canisters.This whole idea is still not clear . Cycle is primarily used to power canisters and cant be used for other uses. Proof of work consensus is destructive to the environment. Cryptocurrencies are volatile and cant be used in our daily lives. Inflation is on a rise in many countries because of the war in Ukraine and the covid19 pandemic.

What it does

Open Free Dollar (OFD) enables _financial inclusion and trade _ to billions of users while enabling developers to run millions of Dapps on the internet computer while providing. Its make daily use of cryptocurrencies in our lives possible since it is not volatile. It reduces all forms of financial inequalities and imbalances set government policies. Open Free Dollar (OFD) fights climate change through emitting zero carbon and through donating 10% of the token to the plant million tree campaign to save the planet. Fights poverty by giving 20% to the very poor and needy in the poorest nations e.g giving basic need to refugees in Ukraine and feeding malnourished children in Africa. Removes the risk of inflation, inflation tax e.t.c because

Its solves some of the worlds biggest problems

How we built it

We built it on the internet computer using Motoko, Rust and Candid

Challenges we ran into

Time became an issue as the deadline approached. We were only two on the team. We need more team members.

Accomplishments that we're proud of

A working coin. An excellent team of two people. We submitted in time.

What we learned

Motoko is faster in-terms of development . Network charges are less to run canisters. Internet computer is the best infrastructure to implement this solution now.

What's next for Open Free Dollar (OFD)

Genesis. Implementation of a reserve. Implementation of a governance token. Listing on different exchanges. Automating the backup Mechanism. Here We Come

Built With

• candid
• motoko
• rust