MAV 100 & SelfDriven: Building Fiat Liquidity for Cardano!
Introducing the SelfDriven/MAV100 Finance Exchange Pilot Project, which bridges ADA and Fiat Liquidity without hurting the ecosystem.
Main goals:
๐น Reduce ADA sell pressure
๐น Reward businesses for onboarding & adoption
๐น Create open-source financial tools
This will be a great way to scale Cardano adoption sustainably.
In-depth details to follow in the upcoming days!
Hello everyone. We are announcing the pause on the MV100 student pool. Please move your delegation to one of the many deserving pools out there.
The students have decided they have enough ADA for over 50k transactions (10,000+ ADA) and will be focussing resources on other projects.
Let it be known they aren't finished with blockchain, and we will be working with them to continue to stay ahead of the game in web3 education.
We want to thank our delegators, and we will continue our efforts to bring connectivity options to the local communities and reward your support. Thanks!
Hi Yuta, We have refined and consolidated the proposal into its three core objectives: 1/ Making Cardano relevant to traditional businesses - meet them where they are. 2/ The Financial Exchange. 3/ Traditional Business Education.
The founders of selfdriven and MAV100 via their other business activites have extensive experience in working with businesses and their associated industries bodies. This integration pilot would develop resources that could then be used by the community as a template to work with integrating the Cardano ecosystem/network into other traditional businesses and/or associations etc.
If you haven't seen the videos already they sum up many of the steps and friction points for different businesses to begin integrating the Cardano Blockchain into their operations. Here is the list of short videos
(2:30 - 5 minutes) that explain the project.
Basics of business integration: https://t.co/z81nh6Zt14
Application to an existing business:
https://t.co/NVn8oXAQib
The business in question is Waterra USA, Inc. More information can be found at https://t.co/5gULV4CKaj
Developing traditional legal frameworks with complimentary smart contracts:
https://t.co/EEDa0MDoOR
Incentivization Diversification of Transaction Types and business On-boarding:
https://t.co/yFLmitbj5R
Thanks for the feedback! ๐ซก
$120K in Fiat liquidity provided.
$0 ADA sold.
3 businesses onboarded to Cardano.
This can become a reality with the MAV100/SelfDriven Finance Exchange Pilot Project.
More liquidity, less sell pressure.
@yutazzz We are working with Mark at selfdriven to complete the full expanded proposal. This initial version was a rough draft to get the process started before the 24th. Did the video series in the links help explain the concept? Any feedback is appreciated! ๐ซก
$120K in Fiat liquidity provided.
$0 ADA sold.
3 businesses onboarded to Cardano.
This can become a reality with the MAV100/SelfDriven Finance Exchange Pilot Project.
More liquidity, less sell pressure.