HackNITR 4.0
Team: LoopBreakers
Track:
Blockchain
Idea:
Decentralized �Crowdfunding and rewarding system
DefiCaptix
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What
Why
How
Conclusion
What
DefiCaptix is a crowdfunding smart contract with a twist. It is a smart contract built on Ethereum in solidity language that can be readily deployed on any existing blockchain supporting Ethereum like Shardeum, Polygon etc. The change we added to the age old crowd funding systems is a way to incentivize the projects that help in environmental educations as well as reducing carbon footprint and hence helping in managing the climate crisis. DefiCaptix – A project by LoopBreakers aims to support every noble cause by providing a platform to fund the cause but additionally also educate people to work towards a greener Earth by prioritizing the causes/ startup projects that work towards the similar goal
Why
Globally, the average carbon footprint is closer to 4 tons. To have the best chance of avoiding a 2℃ rise in global temperatures, the average global carbon footprint per year needs to drop to under 2 tons by 2050. Scientists first began to worry about climate change toward the end of the 1950s and has been since an existing segment to work upon. Also as of 2022, a total of 80,152 startups had been officially recognized by DPIIT. Though crowdfunding isn’t limited to funding a startup but when it comes to funding for such a cause, why not to filter out those that also support a healthier environment for the future generation especially when doing so could educate people to come up with better and smarter ideas
How
Team LoopBreakers aims at providing a solution to the existing problem mentioned afore by proposing a decentralised smart contract to raise a requirement for crowd funding and if the cause is noble in the way that it could potentially be of less carbon footprint then you may exclusively get an NFT as a reward towards your contribution. �Blockchain can help us achieve a better as well as stable solution to track funding processes as well as deploy a smarter mechanism to reward the environment rangers that aim at working for the Earth.
Conclusion
Team LoopBreakers would like to conclude with the idea, assuring the deliverance of a better system for helping every individual by collective support from the community. In round 1 we present to you a crowdfunding smart contract and if provided a chance to prove our skills, we would like to build the complete rewarding smart contract along with a web frontend for the same for the round 2.��Thank you !