#672 Conference “Crypto revolution and SmartCash” in Europe - Let's make the largest SmartCash event in Eastern Europe and boost adoption.

By StartupFactory

Summary

The main goal of the project is the organization of conference called "SmartCash and crypto future (freedom)". The event will bring together the blockchain and crypto communities in the region and it will be held in the Bulgarian capital Sofia - where the most people interested in blockchain in the country are located. The host and lead organizer is Startup Factory - a non-profit organization in public benefit committed to developing the entrepreneurial ecosystem and IT sector. The format of the conference is a mixture of presentations, workshops and inspirational talks. There will be panels for techies and non-techies. The main focus will be SmartCash, presented as an alternative to the fiat currencies and developing the local SmartCash community.

Description

The proposal aims at promoting SmartCash in Bulgaria - a country with established and thriving IT community in Eastern Europe. This nation is the homeland of some of the most talented software engineers in the world who are naturally fascinated by the emerging blockchain technology and decentralized applications. Currently, there is an exponential interest in cryptocurrencies, investment opportunities in tokens and trading platforms. The people in Bulgaria are eager to explore new ways of executing transactions based on distributed ledger technology and to re-engineer and remodel existing processes in more secure and more secure environment.

The lack of transparency in public sector is a recognized problem and the financial institutions in Bulgaria charge some of the highest fees and interest rates in Europe. The citizens are looking for alternative platforms to make payments and get loans. Peer-to-peer lending services are gradually growing in terms of popularity and market adoption, laying the foundation of more disruptive fintech companies. Regularly organized crypto meetups attract more and more participants and the members of online thematic groups exploded in the last year.

These trends and the general enthusiasm create the demand of events presenting new blockchain products, crypto currencies and services built on top of decentralized platforms. There are prerequisites for a warm welcoming of conferences focused on these topics and this proposal sets the scene for initiatives that will increase the awareness about SmartCash and will accelerate its adoption in Europe.

The main goal of the project is the organization of conference called "SmartCash and crypto future (freedom)". The event will bring together the blockchain and crypto communities in the region and it will be held in the Bulgarian capital Sofia - where the most people interested in blockchain in the country are located. The host and lead organizer will be Startup Factory - a non-profit organization in public benefit committed to developing the entrepreneurial ecosystem and IT sector. The format of the conference is a mixture of presentations, workshops and inspirational talks. There will be panels for techies and non-techies. The main focus will be SmartCash, presented as an alternative to the fiat currencies and developing the local SmartCash community.

 

Organizer and relevant experience

Startup Factory is a Nonprofit organisation that supports blockchain startups and it is one of the first organizations in Europe focused on the practical applications of distributed ledger technologies. The mission of Startup Factory is to develop communities of entrepreneurs and developers who are building the next products on top of blockchain and decentralized networks and business models. The NGO is a regular host of events that present new blockchains, cryptocurrencies and emerging technologies.
Read more about the team behind Startup Factory, as well as our organization's TV appearances and interviews here: [https://startupfactory.bg/en/about/](https://startupfactory.bg/en/about/)

At Startup Factory we have a support team of dedicated people for event organizations with experience. Our network of mentors and ambassadors spreads throughout some of the most recognized tech companies in Eastern Europe.
Thousands of people attend our events hackathons and summits and we believe we can bring that power towards a strong SmartCash local community.



Main Goals

* Raising awareness about SmartCash.
* Showcase SmartCash to local businesses as new way to receive payments and make B2C and B2B transactions.
* Promote SmartCash as an investment opportunity.
* Attract local developers and people to the SmartCash community.

 

Agenda

Proposed event date - 27 October 2018.
Proposed event location: Conference center in Sofia, Bulgaria.

  • The Blockchain
  • Cryptocurrencies explainedTypes: decentralized, centralized, community driven
    • Properties of the different crypto currencies (smart contract, instapay, …)
    • Risks of cryptocurrencies
  • The financial aspect
    • How does it work
    • Investing in crypto
    • Exchanges
  • What is SmartCash and its properties
    • SmartCash for businesses.
    • SmartCash for investors (Stacking, Mining, SmartNodes).
    • SmartCash Community (Opportunities for SmartCash developers, Community channels, SmartHive)
  • Demonstrating transactions between consumers and businesses using SmartCash.

 

Stages of the project and justification of the budget:

  • Announcement
  • Promotion of the event to the target groups (regional businesses, crypto and IT communities, software developers, entrepreneurs and investors).
  • Preparation of the event (logistics, printed materials, venue, online marketing and advertising, catering).
  • Recording and distributing materials from the event.
  • Distributing tokens among the participants.

 

Budget

Number Item Description Volume Unit price in EUR Total Price EUR

 

Venue

1 Conference Hall Reserving the event conference hall with its facilities. 1 1400 1400
2 Catering Food and drinks for the participants. All services for organisation included. 1 1100 1100
3 Photographer and video recording Complete service for making footage of talks, presentations and photos. 1 700 700
4 Speakers Renumeration for 3 speakers - blockchain experts, crypto evangelists and SmartCash investors. 3 450 1350
5 Equipment and facilities Renting equipment for audio and video support of the event. 1 900 900
Total Venue   5450

 

Promotional campaign

6 Online advertising Paid advertising in targeted media relevant to the topic. A domain name will be registered for the promotion. 1 400 400
7 Social media campaigns Paid advertising tools to target and engage audience in pouplar social media. 1 600 600
8 Printed materials Posters and leaflets. 110 0.8 88
9 Banner Standing banner for the event. 1 95 95
10 Stationery Stationery for organisers and participants. 200 0.4 80
11 Design of materials Complete design service for banner, poster, online promo materials, web page and advertising materials. 2000 1 2000
Total Promotional campaign   3263

 

Travel

12 Transport speakers Number of kilometers with rate 0,35 EUR per kilometer. 2000 0.35 700
13 Transport organisers Number of kilometers with rate 0,35 EUR per kilometer. 1300 0.35 455
Total Travel   1155

 

Personnel

14 Dedicated staff Two employees engaged with organisational, administrative and logistics operations. 1100 2 2200
15 Collaborators Four collaborator during the event. 80 4 320
16 Web development Development of web page that will promote the event and SmartCash. 850 1 850
17 Follow-up and ambassador activities Follow-up activities for dissemination, promotion and ambassador of SmartCash in Bulgaria (price per 150 hour). 150 11 1650
Total Personnel   5020

 

Accommodation

18 Hotel for speakers One night in hotel per three speakers. 3 65 195
19 Hotel for organisers Two nights in hotel per three organisers. 6 65 390
Total Accommodation   585
 
  Total       15473

Total budget: 15,473 EUR
Converted in USD is 17,995 USD

 

Additional Thoughts

We believe that Europe could be the place where SmartCash can get mainstream traction. There are many SmartCash proposals in Latin America and Africa, but not that many SmartCash events in Europe. This is why we believe that SmartCash has a big future in Europe if we can have more local exposure.

Recently a major Bulgarian bank went bankrupt and a many people and corporations lost a lot of money both in Bulgaria and in Europe.
Read more about it here:
https://www.forbes.com/sites/francescoppola/2015/10/05/bulgarias-failed-corpbank-the-former-owners-story/#1690c4f50d7c
Events like these are a good opportunity for people to realize the full potential of cryptocurrencies.

Categories

Event

Milestones

Date Amount (US$) Amount (Σ) Description Status
September 21, 2018 9,553.00 566,334.54 * Organisation and promotion of the event -
October 05, 2018 8,026.43 475,834.25 * Pre-event preparation and accommodation -
October 24, 2018 415.57 24,636.41 * Part of the follow up activities planning, preparation of digital materials -
* Estimated

Requested Amount

  • Total USD: 17,995.00
  • Estimated SMART: 1,066,805.20
  • Estimated BTC: 5.49404680

Schedule

  • Created Date: Sunday, August 26, 2018
  • Voting Deadline: Sunday, September 9, 2018 20:16:00 UTC
  • Payment Date: Payments will be made in accordance with the delivered milestones

Status

  • Not Funded

Votes

19.58%
Yes (5,964,069.71)
79.41%
No (24,195,030.40)
1.01%
Abstain (308,385.69)

Voting Audit

Address Voting Power Vote Is Valid

Proposal Audit

Date Description Yes No
2018-08-26 13:16:20 Proposal created. Waiting for approval. -
2018-08-26 20:15:50 Open voting. Deadline up to 2018-09-09 20:15:50. (slpin1) -
2018-09-08 20:19:40 Last 24 hours of the vote. Σ 5871787.22777 Σ 24720603.73998
2018-09-09 20:16:27 Voting closed. Status: Not Funded. -

Comments

  • mastin 08/27/2018 09:40

    How many people do you expect at the event? What venue in Sophia exactly cost 1400 EUR? What kind of equipment are you going to rent for 900 EUR? Which crypto speakers are you going to invite for 450 EUR per speach? What kind of personnel you pay 1100 EUR per person per day? The budget looks awfully inflated in many other categories. Do you think that the community fund is a golden mine?

    StartupFactory 08/27/2018 12:21

    Hi @mastin, thank you for the comments and for giving us opportunity to provide more details. I am glad that you an active community member and if this proposal is approved we will be glad to welcome you in Bulgaria. Please, check our feedback below: - The rates considered are for premium facilities at top location. We were looking for excellent venue that will covey the right image and boost the reputation of SmartCash. There are number of services included in the price (stage, lights, hostesses, etc.). - I do not know how do you judge the rates in the budget and what is your basis for comparison. Please, refer to average prices in capitols of member states of European Union. For example, we are aware that prices in Latin America are lower measured in USD, but we cannot afford premium conditions with less budget. - Our intention is to organise landmark event to boost awareness and accelerate adoption of SmartCash in Eastern Europe. In that sense the budget is actually underrated. - We have not considered the substantial volunteer work that we will need to carry out as main organisers. - We do not pay 1 100 EUR per person per day. The amounts are for the whole duration of the project and for all organisational and administrative work. Please, do not interpret budget items speculatively. - The crypto speakers are among the top Bulgarian blockchain entrepreneurs. Additional comments and suggestions from our side: - Our motivation is to have more SmartCash initiatives in Europe. The people especially in Central and Eastern Europe are open to try and adopt new technologies. - There are many good developers in Sofia who might like the concept of SmartCash and join SmartCash Dev community. Showcasing payments options will attract the interest from the businesses as well. - Based on organising and participating in crypto events we figured out that it is the right moment to apply with the above proposal. We have done some research and we are confident that this concept will be successful in attracting audience and achieving proposal's key results. - We are leveraging on our reputation, credibility and contacts in the community. If we did not believe in organising quality event, we won't make this proposal. We stay available for additional questions and comments from SmartCash community.