[Grant Application]: EcoBid - A Sustainable Marketplace on Toposware Blockchain

[sedziah]

Project title

EcoBid - A Sustainable Marketplace on Toposware Blockchain

Link to grant specification

https://github.com/toposware/topos-builders-program/#-current-grants

Time to complete the project

10 Weeks

Do you agree to open source all work you do for this project under the APACHE2 license?

• I agree to open source all work I do for this project under the APACHE2 license.

Project description

Project Overview:

EcoBid is a blockchain-based platform designed to connect consumers with eco-friendly products and empower them to make sustainable choices.

Target Audience:

• Consumers seeking environmentally friendly products
• Brands and businesses offering sustainable goods

Problem Statement:

Despite growing global interest in sustainability, a thriving market for eco-friendly products is yet to fully materialize in Africa. One of the major reasons is the lack of awareness and marketplaces to enable consumers to shop for these products.

Solution:

To address the lack of awareness and access to eco-friendly products in Africa, we propose the development of EcoBid Africa, a blockchain-powered platform specifically designed to:

• Rewards users through a token system for purchases and promoting the platform to others, creating a positive feedback loop for sustainability.

• Educate: Provide informative resources and educational materials to raise awareness about the benefits of eco-friendly products and their environmental impact.

• Facilitate discovery: Offer a dedicated marketplace for businesses to showcase their eco-friendly products and for consumers to easily discover and purchase these goods.

Project Goals:

• Develop a user-friendly platform for buying and selling sustainable products
• Integrate a reward system using points/tokens for users who purchase or refer others, incentivizing sustainable consumption.
• Establish a core community of environmentally conscious consumers and vendors.

Project Mechanism:

• Product Listings: Sellers will list their sustainable products on the platform, providing detailed information about their origin, materials, and environmental impact.

• Smart Contract Management: The smart contract will automate transactions, manage reward distribution, and ensure secure and transparent interactions between buyers and sellers.

• Tokenized Reward System: Users will earn in app points/tokens for every purchase made, number of products bought, purchase frequency as well as successful referrals. These tokens can be redeemed for discounts from the same vendor or other vendors or other benefits on the platform.

Milestones

Milestone No.	Milestone Summary	Estimated Timeframe
1	Finalize project and define technical requirements	1 week
2	Develop samrt contracts for product listing, transactions and reward systems	2 weeks
3	Design and develop user interface (UI) and backend for the platform	3 weeks
4	Integrate smart contract with front and backend	2 weeks
5	End to end user testing to identify, and fix any bugs	2 weeks

Documentation, education and community

• Develop Comprehensive Guides: Create detailed guides and white papers on how to use the EcoBid platform, with a focus on the reward systems, product listing, and transactions.

• Create Educational Content: Produce educational blog posts and articles to inform users about the importance of eco-friendly products, how to identify them, and the benefits of participating in an eco-friendly marketplace.

• Community Building: Establish forums and social media groups to foster a community of eco-conscious sellers, buyers, and businesses. Highlight success stories and provide tips on how to enhance the eco-friendly aspect of their operations.

Other deliverables

No response

Maintenance and upgrade plans

• Platform Enhancement: Continuously improve the platform based on user feedback, focusing on ease of use for buyers and sellers in the eco-friendly space.

• Expand Product Categories: Gradually include a broader range of eco-friendly products and services to cater to a wider audience, ensuring all items meet strict sustainability criteria.

• Ensure Marketplace Liquidity: Implement strategies to ensure that there is always a healthy demand and supply of eco-friendly products, making it worthwhile for sellers to list and for buyers to participate in the marketplace.