This post outlines our proposal for Zcash Latinoamérica - ZF Grants, all feedback and questions are welcome.
Problem Statement
Latin America is a region with very large potential for adoption and use of cryptocurrency, yet there are very few resources in Spanish providing information about Zcash technology, its benefits, its developments, and the impact it can have in the region.
Motivation
The goal of this proposal is to create Zcash Latinoamérica, an online hub of information related to Zcash, the technology, the ecosystem, news and guides, presented in Spanish.
Historically, Latin America has seen the many negative effects of fiat currencies with multiple instances of economical upheaval like the crisis in Argentina in 1989 and the crisis in Ecuador in 1999.
The legacy financial systems in Latin America are antiquated, bureaucratic and slow, creating many barriers for the flow of capital within the region and outside of it. It is estimated that remittances sent back into the region by immigrants living abroad is 2.4% of the region’s Gross Domestic Product (GDP) and growing, with some countries reaching over 20% of their GDP. This is despite the high cost of sending these funds to the region.
Latin America as a region has a very high proportion of smartphone users compared to the population, there is a great opportunity for adoption of a technology supported by mobile devices.
For these reasons, among others, Latin America is well suited for a number of use cases for Zcash. However, there is a gap in information available in Spanish.
We believe we can begin filling in the gap, accelerating awareness and adoption of Zcash, aligning with ECC’s 2022-2025 roadmap of exploring opportunities in this region.
Background
We are a father-and-son team with decades of combined experience in technology consulting, project management, product management in South America and the United States. We are both native Spanish speakers and fluent in English.
-
Rene Vergara Larrea
- pitmutt on Keybase.
- Member of the Zcash Community Forums: pitmutt.
- Current developer and maintainer of ZGo.
- Authored the documentation for the SecretSwap DEX before its launch in the spring of 2021.
-
Rene Vergara Araque
- reneve59 on Keybase.
- Creator of GeoVSU, a GIS-enabled web application for the real estate market in Ecuador.
- Creator of the educational videos for GeoVSU.
Technical Approach
- Creation of the Zcash Latinoamérica website at zcash-latam.io, providing the Spanish-speaking community with:
- Zcash Ecosystem news
- Blockchain basics
- Zcash technology basics
- Digital privacy basics
- Guides for major applications in the Zcash Ecosystem
- Distribute the information and engage the Spanish-speaking community:
- Twitter account: ZcashLatAm
- Telegram channel
Execution Risks
Project risks:
-
Credentials of the project’s social media channels could be compromised, reducing the confidence of the audience in the content.
- Response: Mitigate this risk by using best practices like randomly generated passwords and two-factor authentication.
-
Scammers may use similar names to attempt to commit fraud in social media.
- Responses:
- Mitigate by providing educational information to the audience on common scams and how to spot them.
- Mitigate by providing the audience with methods to verify a channel officially associated with Zcash-LatAm.io via GPG signatures.
- Responses:
Systemic risks:
- Governments in Latin America may change their stance regarding cryptocurrencies without notice.
- Response:
- Accept this risk, as distributing the information about the Zcash ecosystem is not impeded.
- Response:
Downsides
None identified.
Schedule
We propose to execute this project during a six month period, with the intention of having this proposal accepted in 2021 to align the launch of the website with the launch of the NU5 upgrade in early 2022. See Full Proposal for a detailed breakdown.
After completing this first phase and reviewing the metrics, we intend to submit a follow-on grant proposal to continue with the project.
Evaluation Plan
The project will provide monthly updates according to the proposed schedule:
- Report 1:
- Links to all social media channels.
- Prototype of website demonstrating look and feel.
- Report 2:
- Website live in production.
- Social media metrics:
- Number of Twitter followers
- Twitter engagement
- Number of Telegram members
- Reports 3 through 6:
- Website metrics:
- Number of articles published
- Number of comments
- Number of visitors
- Social media metrics:
- Number of Twitter followers
- Twitter engagement
- Number of Telegram members
- Website metrics:
Budget
Item Monthly Total
------------------------------------ -------- ----------
Infrastructure $167 $2,000
pitmutt salary (part time) $2,000 $12,000
reneve59 salary (full time) $5,000 $30,000
**Phase 1 Total** **$44,000**
Table: Budget breakdown
Milestone Percentage Amount
-------------------------- ----------- ------------
Start 10% $4,400
Report 1 15% $6,600
Report 2 15% $6,600
Report 3 15% $6,600
Report 4 15% $6,600
Report 5 15% $6,600
Report 6 15% $6,600
Table: Proposed payment milestones