Since my first cryptocurrency buy in 2021, I have been observing the dark clouds of&nbsp;"Ponzi scheme" characteristics overshadowing the cryptocurrency space, where early investors profit at the expense of later entrants. While this generalization may not reflect the true benign intentions of many projects, it's undeniable that some aspects of the crypto market exhibit characteristics that fuel this perception.
The success of many cryptocurrencies hinges on attracting new investors who will buy at higher prices, driving up the token value. This creates a dynamic where early investors profit significantly, while latecomers risk significant losses if the influx of new investors slows down.
Besides, the cryptocurrencies typically lack a clear, tangible utility or intrinsic value. Their value is primarily derived from speculation and the expectation of future price appreciation.
Consequently, the primary driver for the crypto projects seems to be attracting investors and increasing token prices, rather than developing truly innovative and useful applications.
&nbsp;
Polkadot, with its focus on interoperability, scalability, and a diverse ecosystem of projects, has the potential to move beyond this speculative model.
I believe a solution to arise from the Polkadot ecosystem may encourage and support the development of dapps with real-world use cases. This can shift the focus from speculative price appreciation to the actual value delivered by blockchain technology.
&nbsp;
I insist we, the committed Polkadot community members, occasionally take our time out of our daily hassles to seriously meditate on how we can accomplish this feat.

Problem Statement:
Cryptocurrency projects have so far remained as basically Ponzi schemes with varying degrees of commitment and integrity. The prowess displayed in fostering communities, chasing hype, and crafting a wide variety of narratives and tokenomics has not moved cryptocurrency projects any closer to becoming sustainable businesses or recognized financial instruments.
The venture capital fund approach introduces a mechanism of bridging a cryptocurrency to an actual profit-making business through participation in a startup company&rsquo;s venture capital financing rounds. The cryptocurrency holders then pursue their extended interests within that scope via the possibilities offered by the blockchain.
&nbsp;
Solution Statement:
Please follow the link <a href="https://drive.google.com/file/d/1tiF6oqqlvblJJs8XQPHBX1scPrOWJPuV/view?usp=drive_link">https://drive.google.com/file/d/1tiF6oqqlvblJJs8XQPHBX1scPrOWJPuV/view?usp=drive_link</a> to view the Draft White Paper (V-Paper) of the Crypto VC Fund (VCAP) token for details.
In summary, I would like to allocate my experience and knowledge on venture capital deals to launch and carry through a Crypto VC (Venture Capital) Fund token on Polkadot Asset Hub to both:
1- Bring forth an innovative financial structure to establish a bridge between a crypto token and unicorn startup companies, thus converting crypto tokens to financial instruments that have broken free of their ever persistent Ponzi scheme typicalities,
2- Through the VCAP/ DOT liquidity pair and the Polkadot community to be the one to have accomplished a stable solution the ultimate failure of all crypto tokens, to help Polkadot make its breakthrough to become the top altcoin, which I think it is worthy of, free from all biases that might originate from my being a long-time large investor of DOT, in appreciation of Polkadot&rsquo;s unique parachains and 0-layer structure, as well as its perfectly-functioning DAO and most impressive Nakamoto coefficient, standing out from the other coins that are essentially copycats of each other.
&nbsp;
Action Statement:
As much as the minimality of the amount of funds I request from the Treasury may seem like a contrast to the ambitious goals I put forth, my priority in submitting this proposal is to have the Polkadot community to get involved and adopt the Crypto VC Fund (VCAP) Project as their own to help carry it all the way through.
I would like this project to be internalized by the Polkadot community. In this direction, within the scope of the Discussion #2581 (<a href="2581),">https://polkadot.polkassembly.io/post/2581),</a> I believe I have already covered a considerable ground by getting to know a great person from the community, Daniel (@danielo), who previously undertook a major responsibility through his Kusama Proposal #452 (<a href="https://kusama.subsquare.io/referenda/452)">https://kusama.subsquare.io/referenda/452)</a> that was approved in the respective referendum by the community.
The Crypto VC Fund (VCAP) Project is a blockchain-tech intensive project that will in the future involve a DAO as its existentially integral part (as detailed in the Draft V-Paper), which Daniel and I will jointly work on. Throughout my journey, I believe I will further get to know other great personalities from the Polkadot community.
&nbsp;
In this context, the funds I request from the Treasury are limited to the basic needs to immediately launch the token on Polkadot Asset Hub, namely:
$7000 USDT for setting up the VCAP token&rsquo;s VCAP/ DOT liquidity pair on Polkadot Asset Hub;
$300 USDT to update the token information on Dexscreener, as detailed on <a href="https://marketplace.dexscreener.com/product/token-info;">https://marketplace.dexscreener.com/product/token-info;</a>
$170 USDT as one-year fee to buy X Premium+ for the project&rsquo;s X account;
$50 USDT to buy domain name for the project&rsquo;s website.
&nbsp;
Total: 7520 USDT

A Unique Token Concept On Polkadot Asset Hub To Establish Polkadot Superiority and Have DOT Break Out: The Crypto Venture Capital Fund Project

Problem Statement:
Cryptocurrency projects have so far remained as basically Ponzi schemes with varying degrees of commitment and integrity. The prowess displayed in fostering communities, chasing hype, and crafting a wide variety of narratives and tokenomics has not moved cryptocurrency projects any closer to becoming sustainable businesses or recognized financial instruments.
Under these long ongoing circumstances, the venture capital fund approach may conceivably herald a new age in decentralized finance as it introduces a mechanism of bridging a cryptocurrency to an actual profit-making business through participation in a startup company&rsquo;s venture capital financing rounds. The cryptocurrency holders then pursue their extended interests within that scope via the possibilities offered by the blockchain.
&nbsp;
Solution Statement:
Please follow the link <a href="https://drive.google.com/file/d/1tiF6oqqlvblJJs8XQPHBX1scPrOWJPuV/view?usp=drive_link">https://drive.google.com/file/d/1tiF6oqqlvblJJs8XQPHBX1scPrOWJPuV/view?usp=drive_link</a> to view the Draft White Paper (V-Paper) of the Crypto VC Fund (VCAP) token for details.
In summary, I would like to allocate my experience and knowledge on venture capital deals to launch and carry through a Crypto VC (Venture Capital) Fund token on Polkadot Asset Hub to both:
1- Bring forth an innovative financial structure to establish a bridge between a crypto token and a sustainable business with marketable products/services, thus converting crypto tokens to financial instruments that have broken free of their ever persistent Ponzi scheme typicalities,
2- Through the VCAP/ DOT liquidity pair and the Polkadot community to be the one to have accomplished a stable solution the ultimate failure of all crypto tokens, to help Polkadot make its breakthrough to become the top altcoin, which I think it is worthy of, free from all biases that might originate from my being a long-time large investor of DOT, in appreciation of Polkadot&rsquo;s unique parachains and 0-layer structure, as well as its perfectly-functioning DAO and most impressive Nakamoto coefficient, standing out from the other coins that are essentially copycats of each other.
&nbsp;
Action Statement:
As much as the minimality of the amount of funds I request from the Treasury may seem like a contrast to the ambitious goals I put forth, my priority in submitting this proposal is to have the Polkadot community to get involved and adopt the Crypto VC Fund (VCAP) Project as their own to help carry it all the way through.
I would like this project to be internalized by the Polkadot community. In this direction, within the scope of the Discussion #2581 (<a href="2581),">https://polkadot.polkassembly.io/post/2581),</a> I believe I have already covered a considerable ground by getting to know a great person from the community, Daniel (@danielo), who previously undertook a major responsibility through his Kusama Proposal #452 (<a href="https://kusama.subsquare.io/referenda/452)">https://kusama.subsquare.io/referenda/452)</a> that was approved in the respective referendum by the community.
The Crypto VC Fund (VCAP) Project is a blockchain-tech intensive project that will in the future involve a DAO as its existentially integral part (as detailed in the Draft V-Paper), which Daniel and I will jointly work on. Throughout my journey, I believe I will further get to know other great personalities from the Polkadot community.
&nbsp;
In this context, the funds I request from the Treasury are limited to the basic needs to immediately launch the token on Polkadot Asset Hub, namely:
$7000 USDT for setting up the VCAP token&rsquo;s VCAP/ DOT liquidity pair on Polkadot Asset Hub;
$300 USDT to update the token information on Dexscreener, as detailed on <a href="https://marketplace.dexscreener.com/product/token-info;">https://marketplace.dexscreener.com/product/token-info;</a>
$170 USDT as one-year fee to buy X Premium+ for the project&rsquo;s X account;
$50 USDT to buy domain name for the project&rsquo;s website.
&nbsp;
Total: 7520 USDT

A Token With A Unique Concept On Polkadot Asset Hub: The Crypto Venture Capital Fund Project

- Problem Statement: Addressing the Ponzi scheme characteristics and lack of tangible utility in the cryptocurrency space, particularly in relation to attracting new investors.
- Significance: Highlighting the need to shift focus from speculative price appreciation to developing dapps with real-world use cases.
- Proposed Solution: Encouraging and supporting the development of dapps with real-world use cases within the Polkadot ecosystem.
- Expected Outcomes: Shifting the focus within the cryptocurrency space towards actual value delivered by blockchain technology.

#2613 Addressing the Baseless Narratives Issue in Crypto to Build a Sustainable Future for Polkadot

No Active Proposals