The client is a small French company focused on contributing to wild nature protection through FinTech advances.
Concerned about planet harm reduction, the client aimed to create a blockchain-powered solution enabling users to stake custom-built tokens and gain passive rewards for environmental activities. The major requirements to a prospective outsourced partner were to be well into the distributed ledger tech specifics and remember to strictly keep within the budget restrictions.
The search for a decent contractor didn’t last long, as Symfa has made a good impression with the team’s sensible tech capabilities throughout earlier cooperation.
Unlike a traditional stablecoin, the solution’s custom tokens’ value isn’t fixed to the US dollar exclusively, but represents sustainable forest and agriculture plantation invoices. Each time the users come up with their eco initiatives, the app mints new tokens. The asset holders community can vote for launching the activity they find the most impactful.
With the invoices audited and approved by a third-party WWF-compliant governor, the users can give a start to real-life environmental campaigns while obtaining liquid rewards.
The team delivered its first scope of works on promise and within the budget. Yet, the project was put on hold due to the client’s financial resource restrictions, with stablecoin development remaining the project’s major bottleneck.
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