Innovative idea that may help build relationships with other crypto projects

Innovative idea that may help build relationships with other crypto projects

One of the challenges facing any crypto project is the ability to build relationships with other crypto projects and to be able to convince other crypto projects to support any crypto project in their projects and applications.

It is not an easy challenge because any crypto project is not popular enough to encourage crypto projects to support it.

I have an innovative idea.

Many crypto projects have funding and grant programs that provide financial and technical assistance to anyone who comes to them with a good idea or a good project that can be implemented based on their project. any crypto project also has a similar program.

The projects that provide these grants are not only blockchain network projects but also many other projects and applications. We can find a lot of grant projects.

My idea is that any crypto project can use grant programs for other crypto projects to achieve their goals.

How can any crypto project do that?

1.Find innovative and pioneering ideas based on these projects and, at the same time, based on any crypto project.

The idea should build a link between the other project and any crypto project, and this is the most difficult point to find ideas like that.

But by searching deep, thinking, and brainstorming, we can find a lot of ideas.

2.We can then apply with others for funding and grant programs

3.If we have prepared everything well and are able to do that, and we studied it well from all the financial, technical, marketing, and administrative aspects, We will get it

What do we gain from obtaining grant programs from other crypto projects?

1.We got their attention to us now they know about our ideas and capabilities, and about any crypto project

It will be easy later to convince them to support any crypto project in their main project and even their sub-projects because we have already built a bridge of communication based on presenting our true capabilities and not just an offer that was presented to them and then rejected or ignored.

2.We won another project based on any crypto project and linked it to another crypto project.
which attracts the attention of users from the other project to our project.

3.We learned from their experiences.
When building a project based on their project, they will support us technically, and this will give us the opportunity to learn from them and at the same time, they now know a lot about any crypto project technically, which later encourages them to support any crypto project in their project.

4.We got funding from them, and I think that’s a good thing. Also, maybe in the future, they will want to invest more money in us and our ideas.
Also, we may think in the future about investing some of our money in their projects. Diversifying the Treasury is good and important.

5.I think this is a new strategy, and just doing it on a large scale in a planned and organized way will attract everyone’s attention to us.

This will make us more popular and famous. This is one of our main goals that we are looking for. I consider this one of the ways to promote

The idea I am presenting is for discussion only. Maybe you agree with it and find it good, or maybe you find it unworkable.

What I am trying to do here is only open the door to thinking about finding new solutions, nothing more than that.

I thought about collecting links to grant programs in different crypto projects, and there are many, but for this topic, I preferred to focus only on the basic idea in a brief and simple way.

Some links help in preparing the any crypto project constitution

 
I read that one of the goals of any crypto project governance is to create groups, and one of these groups will be responsible for legal matters.

The goals of this group include establishing a DAO structure, a Constitution/Governance Charter, a Voting Charter, etc.

I think we can benefit from and learn from other decentralized organizations.

We can read what they have already prepared.

I know that every organization has special circumstances that differ from others. For example, there is no constitution or governance rules that are suitable for all organizations, and it is not possible to copy them from others.

But studying what others have written will certainly help us prepare for what we want.

When I started getting involved in crypto communities, I found that most of them already had rules for governance and voting, but I rarely found a decentralized organization that had a constitution or a document with the title "The Constitution."

These are a few attempts to write constitutions in other decentralized organizations, and as I said before, we will not find many examples of constitutions in decentralized organizations to study and learn from, so sharing these links with the community is important.

This is why I started talking about the constitution and not, for example, the Governance Charter, because I know that there are not many constitutions written in other decentralized organizations that we can learn from.

Links to various constitutions

bankless-dao-constitution
https://github.com/BanklessDAO/bankless-dao-constitution

The Amended Constitution of the Arbitrum DAO
https://docs.arbitrum.foundation/dao-constitution

Pocket Foundation
https://github.com/pokt-foundation/governance/blob/master/constitution/constitution.md

FreeLoaderz
https://github.com/FreeLoaderz/constitution/blob/master/FreeLoaderz-Constitution-v01.md
https://github.com/FreeLoaderz/constitution/blob/master/LexDAO-Constitution-v01.pdf
https://github.com/FreeLoaderz/constitution/blob/master/ADAO-Constitution-v01.md

tendermint/atom_one
https://github.com/tendermint/atom_one   

effectai/effect-network
https://github.com/effectai/effect-network/blob/master/constitution/constitution.md

Liqwid-Labs/LiqwidDAO-Constitution
https://github.com/Liqwid-Labs/LiqwidDAO-Constitution/blob/master/LiqwidDAO-Constitution-v01.md

DAO DAO
https://github.com/DA0-DA0/governance/blob/main/constitution.md

LexDAO-Constitution
https://github.com/lexDAO/LexDAO-Constitution

ADAO-Constitution
https://github.com/ADAOcommunity/ADAO-Constitution/blob/master/ADAO-Constitution-v01.md

BITNATION-Constitution
https://github.com/Bit-Nation/BITNATION-Constitution

LeserveDAO
https://github.com/LeserveDAO/Constitution/blob/main/Constitution.md

DeGov Constitution
https://github.com/decentralized-governance/degov-constitution/blob/main/Constitution.md

ENS DAO Constitution
https://docs.ens.domains/v/governance/ens-dao-constitution

BrightID-Constitution
https://github.com/BrightID/BrightID-Constitution

Links may also be important.

https://constitutions.metagov.org/

https://github.com/metagov/constitution-template/tree/main

https://github.com/ArbitrumFoundation/governance/blob/main/docs/overview.md

I believe that the first step to achieving any crypto project's governance goals is in-depth research and studying the experiences of others.

I am trying to help with that.

Create audio logo for any crypto project

Create audio logo for any crypto project

I have an idea: maybe it's simple but nice to create an audio logo for any crypto project.

But what is an audio logo?

An audio logo is a sound, effect, short music clip, musical riff, or voice-over that is mostly between three and five seconds long. It should be short and easy to remember.

An audio logo is a brand's signature or "identifier," but most importantly, it has a powerful sonic mnemonic function often associated with a visual logo.

Audio logos have been around us for a long time. There are many projects and companies that already have an audio logo.

What are the benefits of creating an audio logo?

It gives a sound identity to the brand or company and allows for creating a bond with the consumer that goes beyond the visual identity.

It increases brand value, attracts more customers, and makes the brand present in the minds of customers in a sonic as well as visual way.

When we just listen to audio logos, we can know the brand name.

If we want to create an audio logo, we should meet the following conditions:

Audio logos should be short, not exceeding a few seconds, related to the brand and its culture and message, be able to attract attention, and be easy to remember.

The audio logo can be used on all social media platforms, forums, discord, radio, TV, and any other platforms.

Some examples of audio logos

https://www.youtube.com/watch?v=cHCHolypvTs

https://www.youtube.com/watch?v=-ihRPi4wcBY

https://www.youtube.com/watch?v=KMSnn2C3EAw

The idea presented for discussion

What do you think about creating an audio any crypto project logo?

How should it be, and what are the best ideas to implement it?

A contest could be announced for whoever comes up with the best idea for an audio logo for any crypto project.
It will be good promotion for any crypto project and should be advertised in many places.
The idea is not to find someone who wants to implement it.
But the request itself will attract the attention of many people.
People will wonder, "Who would make such a request?"

More information about the audio logo can be found at this link:

https://symposium.music.org/index.php/57/item/11341-what-defines-an-audio-logo-composition-and-meaning?__

Accounting and DAOs Organizations

There are several important points that should be taken into consideration related to accounting for DAO organizations.

Financial Reporting Standards (IFRS), International Accounting Standards (IAS), and Cryptocurrencies

Cryptocurrencies, NFT, and other concepts of the crypto world are new to the world.
maybe the theory and concepts known from long time but emergence of applications based on this concept just from few years

Bitcoin was registered as a domain, and the first version of the coin was released in January 2009.

With the emergence of cryptocurrency, a new form of money appeared that will change the world and the future, and this change can never be stopped.

However, there are many countries that still consider cryptocurrency illegal.
Because of this, when dealing with cryptocurrencies, this accountant faces many problems.

Cryptocurrency is something unique that has never existed before; it combines several qualities. It has the attributes of money, inventory, and investment, and sometimes, like stocks, when you own it, you have the right to vote in the companies that issue it.

and when looking at Financial Reporting Standards (IFRS) and International Accounting Standards (IAS), we didn’t find a standard for cryptocurrency until now, so when we look at this criteria

IAS 8: Accounting Policies, Changes in Accounting Estimates, and Errors
“In the absence of an IFRS standard that specifically applies to a transaction, other event, or condition, management uses its judgment in developing and applying an accounting policy that results in information that is relevant and reliable.” In making that judgment, management refers to the following sources in descending order:
the requirements and guidance in IFRS Standards dealing with similar and related issues; and
the definitions, recognition criteria, and measurement concepts for assets, liabilities, income, and expenses in the conceptual framework

This means that there is room for multiple opinions as long as they don’t break the standards. The topic is complicated, and there are many opinions, but here I will summarize it.

Most opinions say that cryptocurrencies should not be considered money.
Some opinions say to consider it an inventory. Therefore, it is under the criteria of inventory (IAS 2), but most of the opinions consider it to be intangible assets. Therefore, under the criteria for intangible assets (IAS 38), there are also other opinions.
and the matter is not completely specified because there is no specific standard for dealing with cryptocurrencies.

What does the DAO want from the accounting department?

1.Preparation of financial reports for DAO: It wants financial reports Periodically, maybe every week, month, quarterly, or year

2.They also want to be next to the specialized financial reports—another version of them.
which is simplified and easy to understand for everyone; not all DAO members are specialists in accounting and understand accounting terminology.

3.The accounting department should be patient, have high communication capabilities, and have a great ability to simplify information because there will certainly be many discussions and inquiries.

4.In DAO’s view, the accounting department is responsible for financial transparency and the accuracy and validity of financial transactions, is fulfilling the rules, conditions, and interests of DAO, and reports anything that violates the interests or laws of the organization from a financial point of view.
In fact, this task is subject to many discussions because, for the accounting department to perform this task and be worthy of the organization’s trust, it requires some degree of independence that allows it to do that.

5.DAO does not want numbers and reports that they do not understand their meaning but wants them to be accompanied by an explanation and simplification that explains exactly what the numbers mean, along with a description of financial problems and proposed solutions.

Accounting department with cryptocurrency tools

There are many tools that we need to deal with.
1.Cryptocurrency wallets
There are many types, and choosing the appropriate wallet depends on several factors, such as what cryptocurrencies we own and which blockchain network it works on. Examples of crypto wallets include Metamask, Trust Wallet, Exodus, and many other wallets. There are also cold wallets like Ledger: Hardware Wallet, and there are other types of cold wallets.

2. Of the different types of blockchain networks, the most famous is Ethereum.
There are other types, such as Solana, Polygon, Binance Smart Chain, and others.

3. Blockchain browsers like etherscan-io, bscscan, explorer.solana, polygonscan, and others

4. Centralized cryptocurrency exchanges like Binance, KuCoin, Gate-io, and others

5. Decentralized cryptocurrency exchanges like Uniswap, Sushiswap, Pancakeswap, and others

6. Websites like CoinMarketCap, CoinGecko, DappRadar, and others

7. Platforms for dealing with taxes in the area of cryptocurrency and digital assets
like TaxBit, Koinly, CoinTracker, and other
There are also accounting programs specialized in the field of crypto, like SoftLedger, Crypto, Cryptoworth, and others, but they may not be useful.

8. Decentralized insurance such as InsurAce Protocol, Nexus Mutual, Opium Insurance, and Unslashed Finance
This is if the organization wants to insure the risks of smart contracts or any other risks.

If the organization invests part of its cryptocurrency, it may use the following tools:

9.If the DAO deals with NFT, for example, and invests part of its money in NFT, it will need to deal with websites such as OpenSea and Rarible. In fact, the field of NFT is a very diverse one, and there are many NFT sites, some of which specialize in certain types of NFT.

10.compound.finance, yearn.finance

In fact, there are a lot of tools for investing in cryptocurrencies in futures , lending, Staking and many other things it has a wide variety of tools it need multiple separate topics explaining the options available for cryptocurrency investment it would be hard to mention all of this here

I think that these are the basic tools that the accounting department deals with in the field of cryptography. There are many other tools, but these are the main ones.

One of the biggest problems facing the accounting department in dealing with the field of blockchain is the need for automation and making the accounting process and data collection doable in an automated manner.

So we need to use tools to do that if we do not find tools that are able to implement it as we want, so we build software tools that help us in the automation process.

We should have a background in web scraping and APIs.

DAO Treasury Management Insights

DAO Treasury Management Insights

DAO Treasury Management is an important topic, but I will talk about this topic in general.
What is the best system for managing it?

There is no definitive answer to this because it varies from one organization to another.

There are many points and questions we should think about before building any treasury management system for any DAO.

In fact, building a system and policy for treasury management is completely different from one organization to another. It does not have a fixed form but is determined according to the different goals and circumstances of each organization.

But by thinking about and answering the following points, the correct system for treasury management can be drawn.

Risks and Questions

1.The cryptocurrency market is sometimes not fixed, which means that the price of cryptocurrencies is not stable, whether it is the native token or any other tokens that may be in the treasury.

2.Inflation and depreciation of major currencies such as the dollar and the euro, even stable coins, are not currently secured.

3.The current global economic crises affect all markets and industries, not just the crypto industry.

4.The Treasury can be hacked through any security weak point.

5.Losing access to the Treasury is a low probability, but it can happen.

6.A multiple signature system should be used so that not only one person can control the Treasury individually.

7.Will DAO leave cryptocurrencies in the Treasury without any investment?
or part of it will be invested?

8.Will we look for a completely safe investment only, or will there be a part that can be invested in things that have higher profits and risks?

9.Is it possible to invest in NFT? or in currencies and tokens for other promising and emerging crypto projects?

10.Is there an intention to buy large quantities of a cryptocurrency for another project?
to control this project, control the decisions in it, and make this project integrate with or serve the original project?

11.Holding native tokens in the treasury is logical, but should only native tokens be held? or does the Treasury need to diversify?

-DAO needs stablecoins (DAI, USDC, etc.) for operating expenses.

Native tokens may drop suddenly at some times, especially during crises.

Diversifying the treasury may save the organization from decline, help it correct the situation, and make native tokens protected.

Keeping stablecoins and cryptocurrencies such as Ethereum and Bitcoin in the Treasury can be a good thing.

-ETH is until now so important to crypto and to the future of the crypto industry.

-BTC is, until now, the most important and most famous in the crypto industry, and it is also an industry indicator.

Most of the stablecoins are linked to the US dollar, although there is always the possibility that it will decrease or disappear. It is not completely safe, but it is a good guarantee.

Therefore, the best distribution is between native tokens as a base and adding them to the Treasury with Ethereum, Bitcoin, and stable currencies, and adding other cryptocurrencies and another part to promising cryptocurrencies. In my opinion, the diversification may be useful.

11.Is it better to keep high liquidity? or invest the cryptocurrencies in the treasury and keep only the necessary liquidity to meet the operational expenses?

What is the amount of liquidity that should be maintained?

12.Is there an intention to try to raise the value of the native token?
or the intention to maintain its current price? or is there a desire to reduce it?

13.Is there a desire to increase the demand for buying the native token?

14.Is there a desire to rationalize spending so that cryptocurrencies are injected into other investments? or develop existing products?

Treasury management is certainly influenced by management objectives.

The answers to the previous points are never the same, and policies differ from one organization to another. The answers determine the way to manage the treasury.

Let’s see different models.
I got the data from the following website: https://openorgs.info/

We can see some models.

In this model, the Treasury has no diversity but contains only native tokens or a few cryptocurrencies.

Other models of diversification exist, and in a different way, in some organizations,
the treasury contains multiple cryptocurrencies with a good variety, native tokens, stable coins with Ethereum, and other currencies.

In my opinion, the second system is better; perhaps it is not suitable for everyone, but from my point of view, it may be safer.

The topic is for discussion, and I hope community members will contribute their opinions in the comments.

Building a financial and accounting system for DAO

 Building a financial and accounting system for DAO

In fact, most crypto projects, even the large ones, do not have any financial or accounting systems and do not make any financial plans.

But I believe that building a financial and accounting system and a financial plan are essential and important.

The system should be able to produce financial statements and financial plans regularly and present them to the community for discussion and auditing.

It gives confidence in the crypto project and makes the position of the crypto project stronger in front of investors.

It makes a big difference when you try to communicate with an investor and try to convince him to invest in your project and you do not have any financial statements or any financial plans.
It will be easier if you provide him with reliable financial statements and if he sees a realistic financial plan.

This achieves the rules of transparency and control and makes the investor more interested in investing in a project that has an integrated financial system.

In many forums of decentralized organizations, this topic is always discussed and often demanded by many members of the community.

Also, building a financial and accounting system that helps in developing a comprehensive strategic plan

This system should be able to perform the following tasks:

Part 1: Financial Accounting

1.Preparing basic financial statements: balance sheet, income statement (profit and loss), and cash flow statement

2.Organizing and building a chart of accounts for crypto project

3.General ledger accounts

4.Organizing all accounts of external and internal parties dealing with crypto project

5.Organizing revenue, expense, and treasury accounts

6.Organizing accounts of fixed and current assets, short-term and long-term liabilities

7.Trial balance, accounts receivable, and accounts payable

8.Able to provide detailed, clear, and simple reports about ox activity for community discussion, especially expense and revenue reports.

9.Ability to build financial statements and the accounting system in accordance with international accounting standards

10.crypto project should build an accounting system capable of dealing with different taxes, laws, and financial regulations.

11.Building a cloud system to store all financial documents related to the transactions of crypto project. There is no accounting system without organized and preserved documents.
that prove all financial transactions

12.Follow crypto project dues and obligations and set a schedule for collection and payment.

13.Developing and preparing financial regulations and laws that regulate and control any expenses or money paid from the crypto project treasury (with the help and supervision of the crypto project community)

Part 2: Forecasts and Budgets

Always begin by preparing a revenue budget.
Prepare it based on expectations for revenue or on planned goals.

For example, in the current period, we want to achieve greater revenues.
Based on a realistic plan, you prepare a budget, including the numbers we want to achieve.

Based on this budget, we prepare the operating budget and the rest of the budgets. It may be fixed or flexible.

Now we have the expected numbers.

At the end of each period, we calculate the difference between what was expected and what actually happened, find the variance, analyze it, and find out why it happened.

for example

We expected to spend $10,000 on a particular item, but we spent virtually $11,000.

What is the reason for spending $1,000 more than the budget?

It may be a normal cause, like a price change, or maybe for another reason you should check, and it’s all written in a report.

The accounting system periodically prepares a report showing the variance between actual numbers and budget, explaining the reasons for it, and discussing it with the crypto project community.

These discussions improve the way we prepare for the budget in the following period.
and in this way it achieves community control and effectiveness in the optimal use of financial resources.

It also helps in converting crypto project plans into realistic financial plans, proper planning, and increasing confidence in the management of crypto project.

Capital budget

Developing a new product or adding parts to an existing product may be a complex matter that requires a lot of money, time, and effort. It is considered an asset owned by crypto project, so it may need to build a capital budget for it.

Part 3: Financial analysis and financial models

Financial and accounting systems should be able to perform vertical and horizontal financial analysis and extract

1.Liquidity Ratios 2.Activity Ratios 3.Profitability Ratios 4.Leverage Ratios 5.Market Ratios

able to build financial models that serve crypto project goals

Analysis of financial ratios and horizontal and vertical comparisons of the statements and financial reports give a better idea of the strengths or weaknesses in crypto project and
give ideas about possibilities of development and give the management better ideas.
about the situation in crypto project and how to move forward.

Also, doing a financial analysis of competitors for crypto project (if possible) and comparing crypto project’s ratios with others in the same activity gives an idea of whether crypto project’s performance is optimal or if there are things that need correction.

Financial analysis is very important and should be done regularly.

Part 4: Cost Accounting System and Opportunity Cost

crypto project is an ambitious company that is always striving to develop existing products and
In the future, maybe build new products.

It also has a desire to expand and include new members of the team.
All of this needs a strong costing system that regulates the process of calculating
the costs of implementing crypto project ideas

also be able to calculate the opportunity cost.

For example, if we have a great idea, it will cost $10,000.
and will generate revenue of $15,000, should we implement it or not?

It depends on alternative opportunities. Perhaps there are other ideas that also cost $10,000, but revenues will reach $20,000, so this will be better than the first.

crypto project should have a system for calculating opportunity cost, which helps in making decisions.

Part 5: Accounting Audit System

Always check all numbers, whether expenses and revenues, with original documents, verifying the correctness of all financial operations and integrity, and make sure that there is no manipulation, fraud, error, or misuse of funds, either intentionally or unintentionally.

and that any financial decision is the best and achieves the interests of crypto project; constantly stocking financial documents of crypto project in a way that can be easily viewed at any time; and verifying the validity of the declared financial statements.

and immediately reveal any financial transaction that is suspected to be against the interests of the crypto project community.

The financial and accounting systems should monitor the use of funds.

Part 6: Managing Treasury, Financial Resources, and Token Control

The financial and accounting systems should develop a plan for the optimal use of the crypto project Treasury and divide it in a way that achieves the maximum benefit for crypto project and reduces financial risks to a minimum.

crypto project’s financial resources should be managed only according to the will of the crypto project community.

The price of tokens is attempted to be controlled by raising or lowering it according to the financial plan and the goals to be achieved.

Part 7: Financial Risks and Financial Opportunities

The financial and accounting systems should constantly

Write reports about potential financial risks and opportunities and develop plans to deal with both of them.

and present them to the community to think about the best solutions.

Also, if there is a financial shortage, make plans to cover it.

Part 8: Attracting more funding and investment

The financial system should make plans on how to attract more funding and investments to develop crypto project.

Provided that these plans do not affect the independence of crypto project or create dangers or problems for crypto project,
The priority is for the independence of crypto project and to always be safe.

These are only broad lines, and the subject is open to discussion.

I hope that the community will interact to lay the foundation for building an accounting and financial system that achieves transparency and integrity.

and be able to prevent any financial risks from crypto project, which helps the management.
in setting a development plan and increasing confidence in the management of crypto project

So building an integrated accounting and financial system is not difficult.
All of the above can be achieved without much effort.

I hope the community will share its opinion in the comments.

I hope in the end we can build the broad lines for the establishment of a financial and accounting system for crypto project.

Why is it not easy to find developers who can create decentralized applications?

The important point here is why it is difficult to find programmers interested in building decentralized applications.

In fact, this challenge faces most of the blockchain networks and also many other crypto projects that decentralized applications may rely on for some operations, such as Chainlink, The Graph, and many other projects.

The value of any blockchain network is determined by many factors, the most important of which is the number of decentralized projects that depend on it.

The Ethereum network, for example, is not the best and has many problems. There are better blockchain networks than Ethereum.

But Ethereum has a great deal of value because there are many decentralized applications that depend on it.

So the question now is: how can we find developers who want to build their decentralized applications ?

To answer this question, let us first try to see things from another perspective

Now, for example, there is a programmer, investor, or any other person who is interested in the field of blockchain and wants to launch a decentralized application.

What problems will he face?

Educational resources are not enough
1.There is a very strong crypto community, but this community is only interested in investing in cryptocurrencies.

Anyone can find hundreds of YouTube channels, hundreds of blogs, hundreds of communities, and hundreds of websites offering advice and explanations about investing in cryptocurrency.

But when you start searching for YouTube channels, blogs, or any other sources that help you with how to write code,build decentralized programs, and write smart contracts

You will not find much. You will find the matter very mysterious, and there are not enough sources available.

Perhaps on a well-known network like Ethereum, you will find some educational resources, and it is a little easier, but if you want to build on any other network, you will find it very difficult.

Educational resources related to building on the blockchain are not enough

Security
2. When you start building a decentralized application,
There is a big problem you will face, which is how to make sure that your application is secure and cannot be hacked.

if you want your smart contracts audited by well-known companies that specialize in this in order to give you certificates that your smart contracts have been reviewed and audited and increase user confidence in your application.

You will find this very expensive.

It also does not mean, in the end, that your application is secure.
There are security problems that can come from the rest of the code and not from the smart contracts, from the blockchain network, from the programming languages used, or even from problems in the audited smart contracts that were not detected.

Security in decentralized applications is a very important and dangerous point.
Perhaps if you can’t provide strong security, you won’t launch your application and cancel the idea.
No one will launch an app and users will be stolen because of it.
It may not be important in other applications.

Decentralized Autonomous Organization (DAO)
3. If your application is going to be managed by a decentralized autonomous organization (DAO),
this is a strange thing for many that they cannot understand.
Managing a decentralized organization is not easy because it is a new form of management in the world.

Most people understand centralized management but do not know how to deal with a decentralized organization.

Finding good ideas that can succeed
4.Finding good, integrated, and successful ideas in the field of crypto is not easy. There are thousands of projects in the world of crypto.
Finding a good idea requires an expert who is constantly researching the world of crypto, has experience, and can judge things.
For a programmer, he is probably good at writing code. Finding a good idea is something else.

Legal form
5.In many countries around the world, crypto is not legal.
There are large companies working in the field of crypto, and their licenses are in countries
such as the Cayman Islands, the British Virgin Islands, Singapore, Dubai, and Estonia.

Although the team is in other countries, this is because it wants to avoid legal problems.
This is considered a great challenge for those who want to enter the field of crypto.
Perhaps he is in a country where crypto is illegal. How can he then complete his papers to launch his startup?

Team building
6.Now there is, for example, a talented programmer who may have experience building centralized applications and wants to start his project in the field of crypto.

Is he able to do it alone?

He needs co-founders with the same interests, but where can he find them?
There are no effective crypto communities trying to facilitate collaboration between
those interested in building decentralized applications

These are the main problems facing any programmer who thinks of building a decentralized application and may make him cancel the idea.

Now

If the goal of the crypto project is to find talented teams that already have solutions to these problems,
and have overcome them, specialize in blockchain, and are interested in building decentralized applications on the crypto project.

I think this is not easy to find.

They will be interested in building on other networks that are more popular.

What will motivate them to build on a network that is not so popular?

In general, funding encouragement programs may be a good idea, but it is not, in my opinion, capable of achieving great results.

The NEAR Blockchain, for example, has an incentive funding program.
and there are hundreds of people interested in obtaining it and building applications on the NEAR.

This can be easily checked through their forum. By examining most of these projects,
You will find that most of them are projects that do not add any value to the blockchain.

Only a few of them are good, but the rest are a waste of time and money.

So, from my point of view, our goal should be ordinary developers who have had previous problems.

If we analyze the previous problems, we may find that their solutions are easy and not difficult, and they do not cost money.

It can be provided in a decentralized manner

Any crypto project can be transformed into an attractive environment for developers.
in which they can find what they do not find anywhere else.

Interest in providing educational resources on YouTube, GitHub, and other sites that explain in detail how to build decentralized applications on this crypto project

Create groups on Discode, Facebook, and Telegran that bring together developers interested in building on crypto project and trying to form teams from them.

Legal solutions, how to build a decentralized organization, and how to manage it

All of this can be explained and made into a PDF file available for download for anyone interested in building on crypto project.

We have experience and are able to prepare a list containing
all the good ideas in the field of crypto that can achieve success and be related to crypto project.

Establishing a security audit department at reasonable prices to audit projects based on crypto project

Start promoting crypto project as the best place for the following reasons:
We provide educational resources on how to build your own decentralized application.
We have a community interested in introducing developers to each other and building teams of them.
We have thoughtful and ready-made ideas that you can start building directly.
We have a security audit department at a reasonable cost.
We have technical, administrative, and programming support provided by the programmers’ communities that we have built.
We have a financial program to encourage you to build on crypto project.

For the previous reasons, anyone can build a decentralized application, even if he is alone and does not have experience or money.

Promoting such a concept would quickly make crypto project popular.

All these services will be provided in a decentralized manner.

We will transform crypto project into a place capable of containing anyone who is passionate about building a blockchain application and helping him achieve his goal, even if he does not have anything. It is enough for him to have the desire and enthusiasm.

Promoting this concept would make crypto project different and interesting to many. It will be like dreamland.

The question here is: is the above enough?

In fact, it is not enough, but it is certainly a good step in the right direction.

We will not wait for programmers or teams to come to us to build on crypto project.

We will have plans to build teams from scratch to build applications on crypto project.

We will find talented programmers capable of achieving our goals and build teams from them, all of this without any financial cost.

How can we build teams of programmers without incurring financial costs?

I will explain that in another post.

I am open to communication and comments.