M3

Socious Fund transforms crowdfunding through an effective quadratic voting system. By combining small contributions from socially impactful individuals with larger matching funds, we've built an equitable funding platform. Unlike traditional systems dominated by wealthy donors, our platform strengthens community voices through our impact scoring system and secure identity verification. This creates a sustainable ecosystem where meaningful social contributions directly translate into funding power, ensuring a diverse range of projects receive fair and balanced support.

Traditional crowdfunding favors the wealthy and overlooks smaller, community-driven projects.

SIF uses impact scores to combine small contributions with matching funds, ensuring fair and inclusive funding.

Table of Contents

Summary:

Extended Quadratic Funding (EQF) is an innovative approach to crowdfunding that addresses the limitations of traditional platforms by promoting fairness, decentralization, and inclusivity in funding open-source projects. Here's a summary for a 3-minute presentation:

1. Problem: Current crowdfunding platforms favor wealthy donors, neglecting community voices and hindering underrepresented projects.

2. Solution: EQF combines small contributions from individuals who have done good deeds with larger matching sums, promoting fair and inclusive funding.

3. Key Features:

• Utilizes Socious' Impact Score to give more voting power to socially impactful individuals
• Implements KYC using Hyperledger Identus to prevent fraud
• Allows exploration, voting, and donation for projects
• Calculates impact and awards verifiable credential badges

4. Long-term Vision: Create a self-sustaining circular economy generating public goods, where funded projects produce verified impact, replenishing the funding pool.

5. Benefits for Cardano:

• Attracts more developers to build open-source projects in the Cardano ecosystem