CeloColombia DAO is already established and actively operational. Our proposal aims to expand and educate the Colombian community about the Celo blockchain ecosystem, with a particular emphasis on preparing for the adoption of Celo Peso ($cCOP)—the forthcoming Colombian Peso stablecoin on the Celo platform.
Since October 2022, we have been deeply engaged with local communities to promote and integrate Celo technologies across Colombia. Our presence on X (formerly Twitter) has grown to over 350 followers, and our Celo Colombia community and Telegram group now include 50 active members. Additionally, we established the Celo Colombia user on the Celo Forum over a year ago to facilitate dialogue and collaboration. Through allied initiatives like ReFi Colombia and its nodes including ReFi Medellín, we have reached more than 1,700 members, and over 300 individuals are involved in our ReFi projects.
We have organized a diverse array of activities to onboard individuals to the Celo ecosystem and the Valora wallet. These initiatives include in-person events such as mountain hikes, meetups, workshops, and interactive sessions aimed at merchants, entrepreneurs, local talent, and the broader community. Furthermore, we have introduced new talent to the Celo ecosystem through a collaboration with ReFi Colombia with English Seasons that incorporate onboarding to on-chain interactions and practical activities utilizing Celo tools.
To formalize and enhance our operations, we are seeking funding to address pending legal and operational tasks. Our focus is on fostering innovation, promoting financial inclusion, supporting sustainable development, and strategically preparing for the launch of the $cCOP stablecoin.
We have taken steps to ensure that CeloColombia DAO complements, rather than duplicates, the efforts of CeLatam DAO. By studying CeLatam’s Season 0 report and understanding their focus and roadmap, we aim to enhance CeLatam's broader objectives by addressing the specific local challenges and opportunities in Colombia. While CeLatam focuses on a broader regional approach, CeloColombia DAO will particularly address the needs of Colombia’s blockchain ecosystem.
As part of this effort, we will continue communication with CeLatam’s leadership, including Cristobal Pereira, to ensure that efforts are aligned and no duplication occurs.
Colombia’s strong interest in cryptocurrency is held back by challenges in blockchain adoption, limiting financial inclusion. CeloColombia DAO aims to change this by boosting blockchain awareness, fostering collaboration, and encouraging business development. By partnering with government, educational institutions, and the private sector, we’ll build a supportive ecosystem. Our educational programs will empower communities and prepare a workforce ready to embrace blockchain, advancing financial inclusion across Colombia.
What we aim to solve
Despite Colombia’s significant interest in cryptocurrency and a remittance market exceeding $10 billion in 2023, several obstacles hinder the adoption of the Celo ecosystem.
Regulatory uncertainty creates hesitation among users and investors. Ambiguous legal frameworks and a lack of clear guidelines stifle innovation and participation in blockchain initiatives. This lack of clarity discourages potential stakeholders from engaging with new technologies due to fears of legal repercussions or unfavorable regulatory changes.
Security concerns and an erosion of public trust present significant challenges. Many potential users worry about the safety of digital assets and the risk of loss due to price fluctuations. These concerns are compounded by regulatory ambiguities and a history of Ponzi schemes that have defrauded thousands of Colombians over time, significantly fracturing public confidence in new financial technologies.
Additionally, the absence of tailored applications addressing local needs—such as financial inclusion for the unbanked, high transaction costs, and economic instability—limits the practical utility of blockchain technology in Colombia. Without solutions designed to tackle these specific challenges, widespread adoption remains unlikely.
CeloColombia DAO proposal aims to address these issues by adopting a structured, community-driven approach to blockchain. The DAO will emphasize education, forge partnerships, and develop Celo-based solutions tailored to the Colombian market. It will also prepare for the launch of $cCOP, ensuring its smooth integration into the local economy and utilizing remittance flows to enhance financial inclusion and drive innovation, in order to educate people about digital assets and promote its use in local businesses.
CeloColombia DAO will focus on building community through a variety of initiatives, including active social media engagement, organizing local meetups, and participating in significant industry events such as Colombian Fintech Forum, and Tech Week Medellín.
The DAO will also actively seek other relevant events and opportunities within Colombia’s blockchain and fintech sectors as they arise. Moreover, it will work to establish partnerships with local businesses and stakeholders to promote the adoption and integration of Celo’s ecosystem in Colombia.
Colombia is the 15th country globally in cryptocurrency adoption and ranks among the top five in Latin America, alongside Brazil and Argentina. Monthly cryptocurrency transactions in the country reach about $70 billion, with over 600 buying and selling sites. In 2022, Colombia received $9.43 billion in remittances, ranking fourth in the region after Mexico, Guatemala, and the Dominican Republic.
The Colombian Central Bank (Banco de la República) stated in Concept SCD-14893 (March 30, 2023) that cryptocurrencies are not legal tender, currency, securities, or financial assets equivalent to cash. Their use is permitted, enabling parties to mutually agree to conduct transactions with them. Various authorities have provided guidance on their classification:
Furthermore, reflecting the growing institutional interest in digital assets, major Colombian banks are exploring the development of centralized stablecoins pegged to the Colombian peso. Notably, the largest bank in Colombia, Bancolombia, recently announced its digital wallet Wenia and the wCOP, a centralized stablecoin pegged to the peso. The bank aims to reach 70,000 users in the initial months following its launch, preparing for the upcoming years of technology adoption in the country. This initiative signifies a significant step towards integrating blockchain technology into the mainstream financial system. The involvement of leading financial institutions like Bancolombia may influence regulatory perspectives and enhance public trust, potentially accelerating the adoption of digital currencies across the nation.
Celo is actively growing in Colombia, driven by its public goods funding initiatives and focus on supporting local projects. The Celo ecosystem has allocated funds through various regional grant programs to encourage development and adoption. In early 2024, Celo initiated proposals that include funding for local projects and collaboration with global initiatives. There is ongoing support for incubating projects and enabling community-led development, showing strong engagement and growth in the Colombian market.
CeloColombia DAO has developed a strategic execution plan to advance the adoption of the Celo ecosystem in Colombia, with a special focus on preparing for the integration of the $cCOP stablecoin. Recognizing the significant opportunities and existing challenges within the Colombian market, our plan is designed to address key areas that will drive growth, education, and adoption.
To measure the success of our initiatives, we have established clear metrics and KPIs:
| Metric | KPI | Description |
|---|---|---|
| Community Growth | ||
| • Telegram | +150 | Increase the Telegram community by at least 150 members to expand our reach and engagement. |
| • Twitter (X) | +500 | Grow the Twitter (X) account by an additional 500 followers to enhance visibility. |
| +300 | Grow the Instagram account by an additional 300 followers to enhance visibility. | |
| • TikTok | +150 | Grow the TikTok account by an additional 150 followers to enhance visibility. |
| Community Engagement | ||
| • Meetups | +3 | Organize over 3 meetups in major Colombian cities during the DAO’s execution phase, each with approximately 50 participants. |
| • Total Members Across Platforms | +650 | Achieve a combined increase of 650 members across Telegram, Twitter, Instagram & TikTok platforms. |
| Education and Awareness | ||
| • Educational Campaign Reach | 1000 | Reach at least 1,000 individuals through educational campaigns on Celo in the local language. |
| • Engagement Rate | 5% | Attain a 5% engagement rate on educational content to ensure active participation. |
| • Workshops/Webinars | +3 | Conduct over 3 workshops or webinars, each with 50 participants, to educate and train community members. |
| • Local Hackathon Participation | 50 | Participate in a local hackathon within the next four months, attracting at least 50 attendees to foster innovation and developer engagement. |
| Event Presence | ||
| • Major Event Participation | At least 1 event | Secure presence at key industry events like the Colombian Fintech Forum and Tech Week Medellín to increase visibility and build networks. |
| Preparation for $cCOP Integration | ||
| • Liquidity Strategy | 1 | Formulate a liquidity strategy identifying key sectors for early adoption of $cCOP. |
| • Uniswap Pool Creation | 1 | Create a cCOP/USDT liquidity pool. |
| • Partnerships with Businesses | 1 | Establish at least one partnership with a local business to facilitate $cCOP adoption and practical use cases. |
By setting these specific metrics and KPIs, we can effectively monitor our progress and ensure that our efforts are aligned with our overarching goals of expanding the Celo ecosystem, fostering community engagement, and preparing for the successful integration of $cCOP in Colombia. These targets are ambitious yet achievable, providing clear benchmarks for success over the next six months
To effectively implement our initiatives and achieve our objectives, we have outlined a detailed timeline with specific milestones over a six-month period. This structured approach ensures that each phase of the project is executed systematically, allowing for continuous progress evaluation and timely adjustments.
| Item | Description |
|---|---|
| Establishment Plan | Month 1 |
| - Establish the legal framework for CeloColombia DAO. | |
| - Set up a multisig wallet for fund management. | |
| - Develop and launch the CeloColombia DAO website. | |
| - Initiate social media efforts on Telegram, Twitter, Instagram & TikTok. | |
| - Initiate community outreach with meetups in major cities. | |
| DAO Initiatives | Month 2-3 |
| - Organize initial educational workshops and webinars in major cities. | |
| - Identify and engage local businesses and institutions to establish partnerships. | |
| - Focus on growing the Telegram, Twitter, Instagram & TikTok followers to meet initial growth targets. | |
| Community Engagement and $cCOP Integration | Month 3-4 |
| - Organize additional meetups, workshops, and webinars, including planning for educational events and hackathons. | |
| - Continue community engagement through educational campaigns while maintaining activity on social media and online platforms. | |
| $cCOP Launch and Community Overview | Month 4 |
| - Review community engagement metrics for Telegram, Twitter, Instagram & Discord to ensure targets are met. | |
| - Evaluate the establishment of strategic partnerships and the effectiveness of educational events. | |
| - Release the first four months report detailing DAO activities, including community growth, educational initiatives, partnership development, and the $cCOP preparations. |
By adhering to this timeline, CeloColombia DAO will systematically build a solid foundation, foster a vibrant community, and prepare for the successful integration of $cCOP into the local economy.
The CeloColombia DAO project has a budget allocated to various initiatives aimed at promoting Celo-based solutions and driving $cCOP adoption. Social media and community engagement include setting up a website, social media channels, and maintaining active community interactions, along with hiring a part-time community manager. Event and outreach efforts focus on organizing local meetups, educational workshops, and a hackathon to engage participants and support developers working on Celo projects. Partnership development involves establishing relationships with local businesses and institutions, while preparation for $cCOP integration includes developing a strategic plan. Lastly, the budget covers DAO management and establishment costs, amounting to a total of cUSD 50,000.
| Item | Items | Budget |
|---|---|---|
| Social Media and Community Engagement | Website and Social Media Setup: Development and launch of the CeloColombia DAO website, Twitter, Telegram, and Discord accounts, including branding, initial content creation, and promotional activities. | $2,000 |
| Telegram Engagement: Maintenance of the Telegram for community interaction for 4 months. | $1,000 | |
| Part-Time Community Manager: cUSD 1,000 per month (cUSD 4,000 total) - Hiring a part-time person to manage online community engagement and social media, ensuring active and ongoing interaction. | $4,000 | |
| Subtotal | $7,000 | |
| Event and Community Outreach | Local Meetups: Venue booking, promotional materials for 3 meetups in various Colombian cities, laying the groundwork for $cCOP adoption, including staff coordination and administrative costs. | $3,000 |
| Educational Workshops/Webinars: Content development, logistics, and platform costs for hosting 3 workshops/webinars with a minimum of 25 participants each, incorporating the cost of promotional items to engage attendees and share materials that highlight the proposed initiatives. | $3,000 | |
| Educational Events and Hackathons: Participate in one hackathon, logistics, and grants, including branded materials and support services. These grants will support developers and entrepreneurs working on Celo-based projects, especially those with potential to drive $cCOP adoption. | $3,000 | |
| Subtotal | $9,000 | |
| Partnership Development | Partnership Engagement: Costs related to identifying and establishing partnerships with local businesses and institutions to promote Celo-based solutions and prepare for $cCOP integration, supporting initial integration efforts and pilot projects. | $4,000 |
| Subtotal | $4,000 | |
| Operational and Miscellaneous | DAO Establishment Costs: Legal fees, administrative costs, and initial setup expenses for the DAO. | $2,000 |
| DAO Management: cUSD 1,500 per month (cUSD 4,000 total) - Hiring a manager to handle DAO-related tasks, including partnerships and events. | $6,000 | |
| Subtotal | $8,000 | |
| Liquidity Pools | Uniswap Liquidity: Create necessary LP pairs for cCOP/USDT. | $10,000 |
| Subtotal | $10,000 | |
| Total | $38,000 |
All funds managed through the multisig will be accompanied by a transparency system. This system will provide a clear breakdown of how funds are used and spent, ensuring responsible and transparent management of resources. Any funds left by six (6) months of operations will be returned to the Celo Community Treasury.
The system file will include information on all monthly recurring operating expenses, as well as costs associated with activities and incentives. This way, a complete overview of fund distribution and usage will be available in real time.
Additionally, periodic reports will be generated to reflect both recurring and partial results of each initiative and proposed space per month. These reports will allow for the evaluation of the impact and effectiveness of the actions taken, facilitating continuous feedback to improve future initiatives.
This strategy not only promotes transparency but also fosters trust among stakeholders, ensuring that all participants are aware of how resources are managed and what results are achieved.
A dedicated team is set to effectively consolidate CeloColombia DAO and implement the $cCOP project. The team's commitment will focus on fostering education and organization to ensure a seamless adoption of blockchain tools and opportunities. By actively engaging with the community, hosting educational initiatives, and providing resources, the team aims to enhance understanding and encourage participation in the ecosystem. These efforts will pave the way for $cCOP to positively impact the Colombian economy and improve the lives of its citizens.
Ximena Monclou - Leadership
Khadija - PM and Educations Ops
0xflypeztic - Social Media Manager
Londo.eth - Growth
Wabisabi - Business Development
A.O. - Advisoring
0xj4an - Advisoring
A multisig wallet will be utilized to manage funds, requiring 3 out of 6 approvals for any transaction. This added layer of security ensures that decisions regarding fund allocation are made collaboratively. Initially, the wallet will be governed by a select team of signers who will oversee transactions and maintain transparency. As the DAO evolves, there are plans to expand governance to include more community members, fostering a sense of ownership and participation in the decision-making process. This approach not only enhances security but also strengthens community engagement and trust as the DAO grows.
0x6C6Dc3D4869d9812d80600B9F7f291e13Ee73D49
The establishment of CeloColombia DAO represents a significant opportunity to advance the adoption of blockchain technology in Colombia, fostering innovation, inclusion, and economic growth. By prioritizing community building, CeloColombia DAO seeks to create a robust network of supporters and contributors who are passionate about leveraging blockchain for social impact.
In its initial phase, the DAO will focus on educational initiatives and outreach programs to raise awareness about the benefits of blockchain, particularly among underserved communities. This grassroots approach will help demystify the technology and demonstrate its potential to enhance financial inclusion and accessibility.
As the community solidifies, CeloColombia DAO will strategically set the stage for the launch of $cCOP, a digital currency designed to facilitate transactions and incentivize participation within the ecosystem. This token will empower local businesses, encourage the adoption of decentralized applications, and stimulate economic activity across various sectors.
Ultimately, CeloColombia DAO aims to become a leading force in the Colombian blockchain landscape, driving collaborative projects that address pressing societal challenges and fostering a vibrant, inclusive economy. By bridging the gap between technology and community, the DAO aspires to make blockchain a transformative tool for the future of Colombia.
Unique Transaction Approval of 38.000 cUSD to Multisign 0x765DE816845861e75A25fCA122bb6898B8B1282a
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{
"contract":"StableToken",
"address":"0x765DE816845861e75A25fCA122bb6898B8B1282a",
"function":"approve",
"args":[
"0x6C6Dc3D4869d9812d80600B9F7f291e13Ee73D49",
"38000000000000000000000"
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"value":"0"
}
]
A human readable version of this proposal can be found using the following command (on-chain ID determined after submission):
$ celocli governance:show --proposalID XXX --node https://forno.celo.org
This proposal does not deploy or upgrade contracts or change network parameters so represent minimal risk to the network.