ParaDropp

The Problem

Climate change is one of the biggest threats to existence in current times and will be a defining macro problem for the next decade. We would like to help contribute by solving and alleviating a specific bottleneck: Adoption of More Compact, Green + Quieter Last Mile Mobility in cities is Slow.

Proposed Solution

A Blockchain-based Spot Rewards Experience that incentivizes tourists to use more Bicycles or Walking to get around. Tourists currently have three basic problems: (1) Where to go? (2) Where to eat? (3) How do we reach the destination?

How It Works

1. Tourist wants to explore a particular place in the city.
2. Tourist gets to the location using Bikes (instead of ride-hailing or taxi).
3. ParaDropp provides tourists with tokens based on the choice of transport.
4. Once the user reaches the destination, they can unlock a spot reward by: (i) Exchanging earned tokens for discounts and vouchers. (ii) Exchanging for CELO cash (cUSD or CELOs)
5. These rewards represent Carbon 'Micro' Credits.
6. Rewards are sponsored by entities looking to offset their carbon emissions via Carbon 'Micro' Offsets.

How we built it

We brainstormed a ton in the aspect of bringing crypto rewards to offset carbon footprint and fight against climate change and help make a positive impact around the world. We used Figma to design our vision and MVP and convey the concept we envision. We used React Native and contract-kit to build a basic project. We minted a custom ERC-20 called PECO token, using Remix and solidity. And by using a lot of passion and thought around contributing to solve climate change and offset carbon

Challenges we ran into

• With little knowledge about Tokenomics, it was challenging to figure out a way to distribute ERC20 tokens as rewards.
• We had to brainstorm a lot to envision the user journey and flow of the application.
• We also had difficulty using tools for development and design as had very little experience using them.

Accomplishments that we're proud of

• Passionately solving to tackle climate change.
• Making a viable business plan and user journey.
• Integrating Web3 into the platform to increase the proposition value of the idea and reward.

What we learned

Learned a ton about solving business and UX problems, learned a lot about the web3 space, and explored topics such as carbon credits and offsetting carbon through mobility. Learned Tokenomics, web3 usage.

What's next for ParaDropp

ParaDropp hopes to evolve into a multi-tourist platform that tackles all problems that tourists face while helping offset more carbon footprint and help the usage of sustainable transport and facilities. We hope to also evolve our token to provide exciting value for token holders who believe in positively contributing in protecting the environment.

Built With

• celo
• react-native
• typescript
• web3