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"#Crypto/web3 is only for greedy traders & has no use cases". Total BS and today I want to give you an example of why I love this ecosystem so much: https://indexafrica.io is the first African indexer on @graphprotocol and invented for Decentralized Philanthropy (#DePhi).
First, let's look at the @graphprotocol: The Graph is an indexing protocol for querying networks like #Ethereum and #IPFS via subgraph. If you are an indexer you receive query fees and indexing rewards each time someone uses the query you indexed
If you don't have to infrastructure run a node as an indexer, you can delegate money (#GRT token) to an indexer and strengthen the protocol security and scalability of the indexer. Additionally, the delegator receives a share from the indexer query fees
So far this is standard graph implementation. Now index-africa.eth comes along and contributes a portion of the indexer rewards to the https://goodworkfoundation.org. As a delegator, you also earn a portion of the rewards that your stake generated. Sounds abstract? It means that donations towards Good Work Foundation can be made via delegating GRT to Index Africa: Ending the constant need for further donations because the rewards are will be used continuously to fund Good Work Foundation.
It's a Win-Win-Win Situation: Index Africa earns from rewards, delegators can stake for as long as they want & receive delegator rewards, and most important: Good Work earns rewards & has a continuous stream of donations through rewards = Decentralized Philantrophy #DePhi
Since launching in January 2021, Index Africa has been testing the prototypical #DePhi model and to date has already impacted the lives of over 200 rural learners in South Africa. In time, these students will gain #web3 skills to leverage the power of the new ecosystem.
It's time to redefine #philanthropy by moving away from legacy donation models and towards a new model, where Delegators can play a part in funding entire learning centers and #web3 academies like @graphrica. True #Ubuntu mentality.
Recommended Reading:
"#Crypto/web3 is only for greedy traders & has no use cases". Total BS and today I want to give you an example of why I love this ecosystem so much: https://indexafrica.io is the first African indexer on @graphprotocol and invented for Decentralized Philanthropy (#DePhi).
First, let's look at the @graphprotocol: The Graph is an indexing protocol for querying networks like #Ethereum and #IPFS via subgraph. If you are an indexer you receive query fees and indexing rewards each time someone uses the query you indexed
If you don't have to infrastructure run a node as an indexer, you can delegate money (#GRT token) to an indexer and strengthen the protocol security and scalability of the indexer. Additionally, the delegator receives a share from the indexer query fees
So far this is standard graph implementation. Now index-africa.eth comes along and contributes a portion of the indexer rewards to the https://goodworkfoundation.org. As a delegator, you also earn a portion of the rewards that your stake generated. Sounds abstract? It means that donations towards Good Work Foundation can be made via delegating GRT to Index Africa: Ending the constant need for further donations because the rewards are will be used continuously to fund Good Work Foundation.
It's a Win-Win-Win Situation: Index Africa earns from rewards, delegators can stake for as long as they want & receive delegator rewards, and most important: Good Work earns rewards & has a continuous stream of donations through rewards = Decentralized Philantrophy #DePhi
Since launching in January 2021, Index Africa has been testing the prototypical #DePhi model and to date has already impacted the lives of over 200 rural learners in South Africa. In time, these students will gain #web3 skills to leverage the power of the new ecosystem.
It's time to redefine #philanthropy by moving away from legacy donation models and towards a new model, where Delegators can play a part in funding entire learning centers and #web3 academies like @graphrica. True #Ubuntu mentality.
Recommended Reading:
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