- Project: miden
- Team Name: N.A.U. MIDEN LTD
- Payment Address: 0xFE59E858d5999C16A6f60bf521209167Abf6Df15
N.A.U. MIDEN LTD is a true zero first Company focusing on sustainability and carbon neutrality through global innovation and use of blockchain technology. Our vision is to reconnect humanity with nature by embracing technology that paves the road towards greener societies.
miden aims in building a platform that will establish the real value of nature preservation and care. Our objectives of creating a sense of responsibility, educating the public and giving the tools to act immediately towards the establishment of greener societies generate a positive feedback loop in improving the sustainability of our actions.
The first stage of the project will involve the issuance of unique NFT Certificates for trees planted through the platform, acting as proof of activity for individuals and businesses. Each NFT will include information such as the plantation date, tree Geolocation, the type of tree etc. This will serve in establishing a personal connection between the sponsor and the tree through gamification features as well as assisting the collection of data for accademic researches and studies.
At the core of our platform, will be our blockchain token acting as a representation of positive environmental behaviour. Each token will be pegged against one kilogram of greenhouse gas absorbed or saved through the actions of the platform and its stakeholder, essentially serving as a CO2 credit for individuals and businesses.
Subsequent stages of the project will include the onboarding of other carbon saving projects and activities and will reward individuals and business with CO2 credit tokens accordingly.
- Alignment with sustainability goals of the project.
- Vechain’s recently launched carbon calculator enhances the scope of the project through potential synergies that can be achieved.
- Vechain has the ability to be integrated with IoT products making it ideal for phygital projects like miden.
- Vechain’s flexibility allows it to comply with changing regulation.
- Vechain operates at the intersection between transparency, security and operational efficiency
- Fee deligation features allowing for seamless integration.
- Potential collaboration with Vechain Toolchain projects and features.
- Node.Js
- Rest API
- MySQL
- C++
This section provides a brief overview of the market based on market analysis performed by the team. According to various resources the Carbon dioxide market is expanding at rates 30%-40% CAGR. The main drivers for the expansion of the market are;
- Targets set by the European Union for FIT55 and governmental sponsorships and incentives
- Environmental Social Governance reporting standards for companies
- Environmental social awarness
- Fortune business insights: https://www.fortunebusinessinsights.com/carbon-dioxide-market-102866
- S&P Global commodity insights: https://www.spglobal.com/commodityinsights/en/ci/products/carbon-dioxide-chemical-economics-handbook.html
- Polaris market research: https://www.polarismarketresearch.com/industry-analysis/carbon-dioxide-market
Other environmental and sustainability projects have been deployed on various blockchains in the past. Some of them aim in having a positive environmental impact whereas others are targeting the expanding and lucrative CO2 markets. This section analyses two projects as to establish miden's competitve advantage and unique selling points.
- Project 1: https://www.nftreehaus.com/
NFTree Haus is a Polygon based project aiming in gamefying certain features and steps of the plantation process.
- Project 2: https://www.klimadao.finance/
KlimaDAO is a project focusing on green economy. It is built Polygon network, and uses a stack of technologies to reduce market fragmentation and accelerate the delivery of climate finance to sustainability projects globally.
Although similar projects have been deployed in the past on other networks, miden has a unique position in the market as it is much broader in scope than the other projects. More specifically, miden aims in creating a possitive feedback loop in reinforcing the connection of people with nature through the encourangement of sustainable behaviour, education and reward mechanisms.
This holistic approach alloes miden to target new markets and gain competitve advantage. In addition, miden can utilise fee deligation features of Vechain which will allow it to increase its appeal to market participants that are not familiar with blockchain. To our knowledge no similar projects exist on Vechain blockchain.
- Allignment of scope between Vechain and miden in creating a sustainable new world through blockchain innovation.
- Synergies can arise between miden and other carbon initiaves that are already built or which will be deployed on Vechain further expanding the scope and capabilities of miden. Examples can include the carbon calculator, recently launched by Vechain.
Our team leverages technology resources and expertise from uQualify. uQualify is a FinTech Company with 5 years of experience in the development of financial and non-financial products and features.
The technology team consists of 1 CTO, 5 full stack developers and 1 UI/UX developer with a combined experience in the development of technology products and features of 40+ years.
uQualify engages in the development of an innovative business platform aiming to improve the operational efficiency of small medium sized entities. The platform includes a number of features facilitating transactions and day to day activity of companies and individuals.
Link to uQualify's BoS system: https://my.uqualify.co.uk/login
- https://www.linkedin.com/in/nikolas-stratis-03bb79113/
- https://www.linkedin.com/in/alexandrosvacanas/
- https://www.linkedin.com/company/gomiden/
- https://www.linkedin.com/company/uqualifyco/mycompany/
| Smart contract | Marketing | Website | API | Application MVP | Total | |
|---|---|---|---|---|---|---|
| Estimated Duration | 30 d | 20 d | 7 d | 20 d | 30d | 107 d |
| Full-time equivalent (FTE) | 6 | 1 | 1 | 5 | 6 | 19 |
| Cost | $ 8,000 | $ 3,000 | $ 3,000 | $8,000 | $8,000 | $30,000 |
Estimations are based on quotations received from third parties. The calculations above do not include utilisation of internal resources, offerred by the team members as contribution to the Company.
| Number | Deliverable | Specification |
|---|---|---|
| 1.0 | Setup | Setup project on TestNet and ManNet |
| 1.1 | Documentation | We will provide both inline documentation of the code and a basic tutorial that can interact with the deployed smart contracts and backend service. |
| 1.2 | NFT contracts | Create sponsorships as NFT with full ERC/VIP support |
| 1.3 | Token configuration | Configure signing parameters |
| Number | Deliverable | Specification |
|---|---|---|
| 2.0 | Marketing packs | Development of marketing and branding packs |
| Number | Deliverable | Specification |
|---|---|---|
| 3.0 | UX Website design | Enhance features and functionality in accordance with our branding |
| 3.1 | UX audit | Survey assessing UI experience of the users |
| 3.2 | Maintenace | UX corrections and subsequent maintenance |
| Number | Deliverable | Specification |
|---|---|---|
| 4.0 | User registration | Profile creation of the users followed by wallet linking |
| 4.1 | API wallet managment | Verify requests against contracts |
| 4.2 | Log Access | Blockchain queries that will allow access to structured data |
| Number | Deliverable | Specification |
|---|---|---|
| 5.0 | Dashboard | UI for dashboard |
| 5.1 | Pull requests from API | Transfer of data to UI environment |
| 5.2 | MVP features | Features development as per mock-ups |
- Weekly articles publications through our social media platforms (linkedin, twitter, instagram)
- Participation in events and conferences
- Articles publication in reputable business platforms
- A Discord-Server will be setup for developer support and generic development discussion
- Educational workshops: Organize educational workshops to educate the community about the environmental issue that the project is addressing and how the blockchain technology will be used to solve it. The workshops can be held in community centers, schools, and other public places.
- Social media campaigns: Use social media platforms to launch awareness campaigns and to engage with the community. The campaign can include infographics, short videos, and other interactive content to create awareness about the project's objectives and how the community can participate.
- Community forum: Establish a community forum where people can share their thoughts, ideas, and concerns about the project. This forum can also serve as a platform for project updates, news, and discussions.
- Environmental organizations: Partner with local environmental organizations to create a network of environmental enthusiasts who can help spread the word about the project. This can also help the project access local resources and expertise to help implement and scale the project. Implement a rewards program: Implement a rewards program that incentivizes community members to participate in the project. This can be done through token rewards or other incentives that encourage active participation in the project.
- Community clean-up events: Organize community clean-up events to bring people together and create awareness about environmental sustainability. These events can be organized in partnership with local environmental organizations or community groups.
miden aims in creating a sustainable platform that will reinforce the bonds of humanity with nature through possitive reinforcement. As part of the future plans and in line with the vision and objectives of the initiative, the platform will engage in the following activities:
- Development of an education app that will include gamification blockchain features (eg hide and seek, hidden treasures phygital games etc)
- Integration of applications with other emerging technologies such as IoT, AI and ML. This will enhance the scope of the project by allowing research institutions to gain access on timely and relevant blockchain stored data.
- Expansion of nature preservation and CO2 offsetting activities by engaging in renewable energy projects and by promoting and rewarding positive environmental behavior (eg purchase of electric vehicles).
- Apply for GoldStandard as to enhance the reliability of the platform.
- Develop Environmental Social Governance features for companies and individuals in anticipation of increased regulation and requirements in the area under Fit for 55.
- Achieve synergies with other Vechain projects to assist with the token liquidity (eg Vexchange), promote the activities of the platform (eg World of V) and expand the scope of the initiative (eg Vechain's carbon calculator)
- Q: What work has been done so far?
- A: Development of the business plan, initiation and planning of tech development
- Q: Are there any teams who have already contributed (financially) to the project?
- A: uQualify commited in the allocation of resources valued at EUR50.000
- Q: Have you applied for other grants so far?
- A: No