#709 Smart Wifi Network

By mjthestudentactuary

Summary

Allow millions of unbanked South Africans to purchase mobile data using SmartCash.

Description

The Problem

  1. South Africa has a large urban population that lives in poverty
  2. Internet access allows people to learn, communicate and start businesses.
  3. But Mobile Data from the Telecoms is expensive as it costs R0.99 per MB (+/-$0.1)

The Solution

  1. Sell cheaper Mobile Data with SmartCash.
  2. Mobile Data can be bought in bulk at R0.05 MB by SmartVendors*
  3. SmartVendors* can then sell each MB at R0.20 to the people if they pay in SmartCash

SmartVendors

  1. Anyone can become a SmartVendor and it will most likely be someone in one of these poor communities.
  2. All they need is a SmartyFi* device that allows them to host their own Wifi Hotspot.
  3. They can buy Mobile Data in bulk using SmartCash and sell Mobile Data for SmartCash

SmartyFi Device

  1. The website to the device: https://www.smartyfi.co.za/SmartyFiSite/index
  2. I have a close relationship with the owner of this company
  3. He is prepared to accept SmartCash as payment for bulk purchases of Mobile Data

Benefits

  1. Since SmartCash can be used to buy Mobile Data it will immediately have value in the community
  2. This means SmartCash can be used as a substitute for cash
  3. Other businesses in these communities might start transacting with SmartCash

Logistics

  1. We need to get the SmartyFi devices into the poor communities
  2. We need to educate the people on how to use SmartCash
  3. We need to provide an offline exchange for SmartCash and South African rands.

Promotion

  1. At the start, if someone buys 100MB of Data, the SmartVendor gives the customer the same value in SmartCash
  2. Each SmartVendor has a yellow T-Shirt with SmartCash branding
  3. SmartVendors can hand out flyers explaining SmartCash and how it can be used to buy Mobile Data

Budget

  1. 100 SmartyFi Devices at R2500 each (+/-$250)
  2. 100 SmartCash T-Shirts at R150 each (+/-$15)
  3. 10000 Promotional Flyers at R2 each (+/-$0.2)

Who Gets the Money

  1. A SmartVendor will pay R1000 to SmartyFi and get the device worth R2500, the T-shirt, 100 flyers and R1000 worth of SmartCash
  2. So the SmartVendor is getting R2850. (R3850 of items - R1000 cash)
  3. SmartyFi is getting R2500 per device
  4. A T-Shirt company will get R150 per shirt
  5. A printing company will get R2 per flyer
  6. SmartyFi also makes a margin on all the data that it sells to the SmartVendors
  7. SmartyFi will make a local liquid market and exchange Rands for SmartCash and cover any other expenses

Conclusion

  1. People in poor areas have access to more affordable data
  2. One hundred new SmartVendor jobs are created
  3. SmartCash is actively used in a micro-economy

Categories

Technology

Milestones

Date Amount (US$) Amount (Σ) Description Status
November 13, 2018 25,000.00 1,288,765.98 * 100 SmartyFi Devices -
November 13, 2018 1,500.00 77,325.96 * 100 T-Shirts -
November 13, 2018 2,000.00 103,101.28 * 10000 Promotional Flyers -
* Estimated

Requested Amount

  • Total USD: 28,500.00
  • Estimated SMART: 1,469,193.21
  • Estimated BTC: 5.17156011

Schedule

  • Created Date: Tuesday, October 30, 2018
  • Voting Deadline: Thursday, November 15, 2018 18:24:00 UTC
  • Payment Date: Payments will be made in accordance with the delivered milestones

Status

  • Not Funded

Votes

9.30%
Yes (5,106,944.78)
88.32%
No (48,496,976.34)
2.38%
Abstain (1,306,187.77)

Voting Audit

Address Voting Power Vote Is Valid

Proposal Audit

Date Description Yes No
2018-10-30 15:14:20 Proposal created. Waiting for approval. -
2018-11-01 18:23:36 Open voting. Deadline up to 2018-11-15 18:23:36. (slpin1) -
2018-11-14 18:25:42 Last 24 hours of the vote. Σ 5099961.66041 Σ 47752689.50147
2018-11-15 18:24:51 Voting closed. Status: Not Funded. -

Comments

  • Tho Bo 11/06/2018 08:24

    This proposal seems to mainly benefit the operator of smartyfi. How many of the devices does the operator already have running in the region, how large is the customer base, and how much is sold per month? Your cost calculation / milestones are not clear enough. You calculated the full price of a device, but also state that the smartvendor would pay 40% of it. Furthermore the promotion part of it is not clear enough. Why would the smartvendor give the user the amount in SmartCash when the user wants MB? For smartcash it might make more sense if the data the user or smartvendor is buying, can be purchased with smartcash and then might be subsidized for a certain period.

    mjthestudentactuary 11/06/2018 09:09

    Yes, the idea is to create a market where people use SmartCash to buy Data. The proposal will benefit SmartyFi, the SmartVendors and the first few customers. SmartyFi benefits because they sell 100 devices. SmartVendors benefit because they get the device for free. First Few customers benefit as they get a SmartCash bonus for purchasing the data. Currently SmartCall the parent company of SmartyFi sells Airtime to 9 million South African's but mainly in the Gauteng region (where Johannesburg and Pretoria are). They are looking to get more into the Western Cape (Cape Town) market.