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✨✨AES TOKEN✨✨
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✨✨AES TOKEN✨✨
Digital Economy
Islamic
Education
Technology
Published on February 28, 2025
Expires on June 28, 2025
Total SDA Contributions
60,394.29 SDA
Contribute
serveaux
@serveaux
Description
1 Description Project description: Token for Household daily transactions Context : The African continent is in full digital transformation, with a young population and dynamic, but faced with major challenges such as financial exclusion, lack banking infrastructure and the volatility of local currencies. At the same time, finance Islamic, based on the principles of Sharia, is gaining popularity in Africa, especially in the majority Muslim countries. The SIDRA project (a blockchain initiative compatible with Sharia) offers a unique opportunity to create an inclusive, ethical and adapted to the needs of African populations. Our token project for daily household transactions can be adapted to respond to these specificities, by aligning the principles of Islamic finance and firing Party of the infrastructure of the Sidra project. Adaptation to Islamic finance (Sharia): 1. Respect for the principles of Sharia: - Prohibition of interest (RIBA): the token does not generate interest. Rewards or yields are based on profits sharing models (mudarabah) or rental (Ijarah). - Avoid uncertainty (Gharar) and speculation (Maysir): Token is designed as a tool Utility for daily transactions, not as a speculative asset. Its value is Stable and indexed to a Fiat currency or a basket of real goods. - Ethical investment (Halal): funds collected via token are used to finance Social, educational or infrastructure projects in accordance with Sharia. 2. Governance in accordance with Sharia: - Implementation of a Sharia supervision advice to ensure that all operations and products respect Islamic principles. - Regular audits by experts in Islamic finance to maintain compliance. 3. Alternative financing models: - Mudarabah: users can invest in local projects and share profits generated. - Wakalah: Transaction costs are used to pay for network managers transparent and fair way. Adaptation to the African continent: 1. Financial inclusion: - the token is accessible via smartphones or prepaid cards, which allows non -banished populations to access modern financial services. - Support for microtransactions for small traders and local entrepreneurs. 2. Monetary stability: - The token is indexed to a stable currency (such as the euro or the dollar) or on a basket of African currencies to reduce the volatility of local currencies. - It can also be backed by real assets (gold, raw materials) to strengthen the user confidence. 3. Local infrastructure: - partnerships with Islamic banks, local fintechs and governments for Integrate token into existing payment systems. - Deployment of charging and conversion terminals in rural and urban areas. 4. Education and awareness: - training campaigns to explain the advantages of token and its use in accordance with Sharia. - collaboration with religious and community institutions to promote adoption. Integration with the SIDRA project: 1. Sharia compatible blockchain: - The Sidra project offers a blockchain infrastructure already in accordance with the principles of Sharia, Which facilitates the integration of our token.
Problem
3 problem Solved problem: Today, households are faced with several challenges in their transactions daily purchase and sale: 1. High transaction costs: traditional banking systems and credit cards impose important commissions, especially for small transactions or payments international. 2. Slowness of transactions: banking or international payments can Take several days. 3. Financial exclusion: many households, especially in countries in development, do not have access to basic banking services. 4. Lack of transparency: users have little visibility on hidden costs or transaction processing process. 5. Volatility of cryptocurrencies: households hesitate to use cryptocurrencies traditional because of their volatility, which makes them little practical for purchases daily.
Risks
2 risk 4. Stimulate adoption by incentives: - Offer rewards (cashback, loyalty points) for each transaction made with The token. - Set up sponsorship programs to encourage adoption by households. 5. Ensure safety and transparency: - Use a secure and scalable blockchain to record transactions. - guarantee the transparency of costs and processes to strengthen the confidence of Users. 6. Create an economic ecosystem: - partnerships with traders, supermarkets, public services and Online platforms to accept the Token. - integrate governance mechanisms to allow users to participate in decisions concerning the evolution of token. Technical mechanisms: 1. Choice of blockchain: - Select a blockchain adapted to fast transactions and at low cost Sidra Chain. -Ensure compatibility with existing tokens standards (ERC-20, BEP-20…). 2. Payment infrastructure: - develop a mobile application or a digital portfolio to store and use the Token. - Integrate QR Codes or NFCs for fast payments in store. 3. Token stability: - opt for a stablecoin (indexed to a fiat currency like the euro or the dollar) to avoid the volatility and facilitate its adoption by households. - or create a stabilization mechanism via reserves or algorithms. 2. Transparency and confidence: - all transactions are recorded on the blockchain, which reduces the risk of fraud.
Unique Value Proposition
4 single value Conclusion : This token project for daily household transactions represents an innovation major in the field of digital payments. By solving cost problems, slowness and financial exclusion, it offers a practical, secure and inclusive solution for households around the world. Despite the risks, its unique value and its potential impact make it A promising project, capable of transforming the way people manage their finances at daily.
Milestones
Phase Description Skills Duration Budget
Launch and Continuous Improvement Official launch of the platform, followed by continuous monitoring and improvements based on user feedback and trends. Customer Support, Statistical Analysis, Project Management 3 months $3,000
Marketing and Community Engagement Developing marketing strategies to reach the target audience and fostering a community of learners and educators. Community Management, Public Relations, Digital Marketing 3 months $2,000
Platform Security and Testing Implementing security measures and running detailed functionality tests to ensure platform safety and reliability. Cybersecurity Law, Quality Assurance, Test 3 months $2,000
Course Content Development Partnering with subject matter experts to create course content that is engaging, informative, and aligned with Islamic values. Subject Matter Expertise, Instructional Design, Content Creation 3 months $1,000
Platform Design and Framework Development Focus on creating a user-friendly interface, ensuring ease of access, and integrating core functionalities that support diverse course offerings. Computer Architecture, UI/UX Design, Web Development 3 months $2,000
Total Budget $10,000
Team
Role Vacancies Members Skills Actions Share
Sidra Holding 16.5%
SDA Contributors 793 View Contributors Contribute 16.5%
Cash Contributors
Internal Investment Only
33%
Superviseur No Vacancy 1 Partenariats
11.22%
Technical Support Team No Vacancy 14 Problem Solving, Technical Support, Customer Service
0.34%
Marketing and Engagement Team No Vacancy 2 Public Relations, Community-building, Digital Marketing
10.2%
Content Development Team No Vacancy 7 Instructional Design, Content Creation, Research
0.34%
COMMUNITY PROJECT No Vacancy 15 technical expertise, Software Development, Innovation
0.34%
CEO No Vacancy 1 Strategy Planning, Leadership, Communication
11.56%
Total No Vacancy 40 Members 100%
How shares are distributed?
100%Shares
Sidra Holding:
16.5%
SDA Contributor:
16.5%
Cash Contributor:
33%
Team Contributor:
34%
Reports
AAOIFI Standards Compliance
Overall Assessment
The AES TOKEN project shows a strong commitment to aligning with Shariah principles, particularly in the areas of financial inclusion, ethical investment, and profit-sharing models. However, careful examination is needed to ensure full Shariah compliance, especially concerning its operational procedures and governance mechanisms.
Violations
The use of a stablecoin indexed to fiat currencies such as the euro or the dollar.
Reasoning: While utilizing stablecoins can help mitigate volatility, solely indexing them to fiat currencies might lead to issues as fiat currencies are not inherently Shariah-compliant due to their interest-based (Riba) backing systems.
AAOIFI Shariah Standard No. 26 on Islamic Bonds (Sukuk)
AAOIFI Shariah Standard No. 21 on Financial Papers (Shares and Bonds)
Offering incentives like cashback and loyalty points.
Reasoning: Incentives such as cashback might closely resemble contractual benefits linked to the use of interest-bearing financial products which must be structured carefully to ensure no elements of Riba or Gharar are present.
AAOIFI Shariah Standard No. 16 on Guarantees
Recommendations
Consider backing the token with a basket of commodities (e.g., gold) to ensure Shariah compliance as opposed to direct fiat currency indexing.
Develop mechanisms for incentives that are clearly structured under permissible reward systems in Shariah to avoid interest-bearing parallels.
Enhancement Suggestions
Introduce a robust Shariah governance framework that includes a Shariah Supervisory Board for ongoing compliance monitoring.
Implement comprehensive educational programs targeting end users to enhance understanding and trust in Shariah-compliant financial transactions.
Explore integration with established Islamic financial institutions and systems to strengthen Shariah compliance.
Investor Report Analysis
Overall Assessment
The AES TOKEN project is an ambitious initiative targeting the digital transaction needs in Africa, particularly focusing on financial inclusion and alignment with Islamic finance principles. It seeks to address high transaction costs, slow transaction speeds, and financial exclusion via a utility token tailored for household use. By leveraging blockchain technology and partnering with the SIDRA project, it presents a compelling proposition for transforming the transactional landscape on the continent.
Opportunity Score
Score
70/100
Project Classification
Emerging Market Opportunity
Fintech
Blockchain
Islamic Finance
Financial Inclusion
Market Opportunity
Market Potential
75/100
The project taps into the burgeoning digital finance sector in Africa, where there is significant potential due to increasing mobile phone penetration and digitalization across the continent. With a focus on countries where Islamic finance is gaining traction, the project aligns with emerging consumer interests and societal needs.
Financial Analysis
The financial prospects hinge on widespread adoption and integration into local financial ecosystems. Establishing partnerships with banks, governments, and retail networks is critical for achieving scale and ensuring steady cash flows through transaction fees and partnerships.
Projected ROI
20% over 5 years assuming 10% market penetration in targeted regions.
Breakeven Point
3 years with consistent adoption and integration.
Funding Required
$15 million to cover technological development, partnerships, and marketing.
Risk Assessment
Adoption Risk
Description: The challenge of encouraging both merchants and consumers to adopt a new currency platform.
Mitigation Strategy: Incentivize early adopters and align with local cultural and economic preferences.
Regulatory Compliance Risk
Description: Potential regulatory changes in key markets and the complexity of adhering to differing financial regulations in multiple jurisdictions.
Mitigation Strategy: Engage with regulatory bodies early and actively participate in dialogue concerning blockchain regulation.
Technological Risk
Description: Dependence on blockchain infrastructure and potential scale limits or vulnerabilities in technology.
Mitigation Strategy: Use robust, tested technology frameworks and conduct regular security audits.
Resource Requirements
logistics
Implement partnerships with logistics companies to distribute terminal and card infrastructure.
human resources
Staff with expertise in blockchain technology, local financial markets, and Sharia compliance.
financial resources
Initial capital for development and ongoing operational costs including marketing and regulatory compliance.
raw materials
Production of prepaid cards and terminal devices.
technology
Sidra Chain blockchain adaptation and mobile application development.
Legal Considerations
Required Licenses
Money Transmitter Licensing
Payment Facilitator Licensing in operating regions
Regulatory Compliance
Regular audits for Sharia compliance and adherence to local financial regulations.
Competitive Landscape
The project faces competition from established digital payment platforms and cryptocurrencies. However, its unique positioning with respect to Sharia compliance and African financial needs creates a niche market advantage.
Scalability
Scalability Potential
70/100
The project's scalability is promising given Africa's digital growth trajectory, but it requires strategic partnerships and significant initial outreach efforts.
Exit Strategies
Strategic acquisition by major fintech or blockchain companies
IPO if adoption scales significantly
Merge with or acquisition by a financial institution aiming to expand in African markets
Recommendations
Focus on strategic partnerships early, particularly with local fintechs and Islamic banks.
Develop strong educational and marketing campaigns to drive user adoption.
Ensure all systems are fortified against fraud and maintain transparency for consumer trust.
GSO Standards Compliance
Overall Assessment
The AES TOKEN project showcases a compelling proposition to enhance financial inclusivity through adherence to Islamic finance principles and by addressing the financial transaction challenges on the African continent. It integrates with an existing Sharia-compliant blockchain infrastructure, promising a culturally sensitive approach to digital finance. However, there are some areas where further clarity and rigorous implementation strategies will be needed to fully realize its potential.
GSO Score
71.00
Assessment Categories
Market Opportunity
Score: 8.00
The project targets an underbanked population in Africa, facing challenges like high transaction costs, slow transaction times, and inadequate access to banking services. There is significant potential given the increasing mobile penetration and digital transformation in the region.
Innovation Level
Score: 7.00
Combining blockchain, stablecoin mechanisms, and compliance with Islamic finance principles provides a novel approach to financial inclusion and stability in transactions.
Social Impact
Score: 9.00
The project aims to empower unbanked individuals and small businesses by providing a secure, transparent, and low-cost transaction solution, potentially driving financial inclusion on a large scale.
Scalability
Score: 6.00
With partnerships with Islamic banks, fintechs, and governments, the scalability relies on effective integration and local infrastructure development. Challenges may arise in adoption and technology deployment.
Sustainability
Score: 6.00
The project aligns with ethical finance, community development, and stability in financial services. However, sustainability will depend on long-term economic viability and user retention strategies.
Global Relevance
Score: 5.00
While globally applicable in regions with similar challenges, the primary focus on the African market and Islamic finance principles might limit immediate global applicability.
Technological Feasibility
Score: 7.00
Technology selection for fast, secure transactions is promising. The Sidra Chain's compatibility with existing standards provides a sound basis, but practical challenges may arise in real-world deployments.
Project Classification
Financial Technology
Blockchain
Islamic Finance
Social Impact
Violations
Potential breaches in the implementation of stablecoin mechanisms in jurisdictions with stringent financial regulations (e.g., GDPR, financial regulatory standards).
Reasoning: The integration of financial services with stablecoin technologies requires careful compliance with international and local financial regulations to avoid legal issues.
Standard Reference: GDPR, International Financial Regulation Standards
Recommendations
Further define governance structures to ensure community and regulatory trust.
Develop a detailed plan for education and training to facilitate adoption.
Increase collaboration with local stakeholders to enhance infrastructure support.
Address potential regulatory barriers in different regions.
SMIIC Standards Compliance
Overall Assessment
The AES TOKEN project aligns with several aspects of SMIIC standards, especially those related to Islamic finance, however, there are some potential areas of concern regarding compliance with certain SMIIC standards related to transparency, financial inclusion, and technological aspects.
Violations
Lack of detailed transparency measures for transaction costs and processes.
Reasoning: While the project outlines the need for transparency, it lacks specific mechanisms to disclose transaction costs and processes to users in a clear and verifiable manner.
Related Standards:
SMIIC STANDARDS/GD 02:2014: Guidelines on Transparency in Islamic Financial Institutions
Insufficient details on data privacy and security measures.
Reasoning: The project highlights the use of a secure blockchain but does not elaborate on specific data protection measures applicable to users' personal and transaction data.
Related Standards:
SMIIC STANDARDS/ISMS 22000: Information Security Management Systems – Requirements
Recommendations
Implement detailed transparency protocols for transaction costs and processes as per SMIIC STANDARDS/GD 02:2014.
Establish comprehensive data privacy and security strategies in line with SMIIC STANDARDS/ISMS 22000.
Enhancement Suggestions
Conduct regular compliance audits with Islamic finance experts to ensure ongoing alignment with SMIIC standards.
Develop partnerships with local regulatory bodies to harmonize the token's legal framework with national standards while meeting SMIIC requirements.
DISCLAIMER:
These reports are for informational purposes only. They may contain errors and are subject to change.
We do not guarantee the accuracy, completeness, or reliability of any information presented.
Users must independently verify all information before making any decisions.
We are not liable for any losses, damages, or consequences arising from the use of this information.
Do your own research (DYOR) before making any investment decisions.
Investments carry high risk. You could lose all your invested capital, and the value could go to zero.
We do not accept any responsibility for investment outcomes, as all investments involve risk.
Only invest what you can afford to lose entirely.
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Tags
Community Network
Economic Independence
Online Learning
Islamic