Your 250-word description should include the following:

• THE NAME OF THE SPONSOR/SPONSORs you are submitting to
• Short description of the problem it solves
• Who is impacted by the problem
• Why the problem matters
• Name of the project
• Brief description of your solution
• How and why it uses blockchain technology to solve the problem.

Tips

• Avoid Jargon: The most important things about your solution are the people it impacts. You should be able to walk up to a person on the street and explain your project to them!
  • Language is important: The language in Web3 can be confusing. Trustless means you actually trust it more, what’s really the difference between a marketplace and an exchange? You might find yourself inventing new language to explain your idea. That’s fine! But make sure it makes sense to other people the way you’re explaining it.
• Assume people know less: Your solution is meant to be hyperlocal to you — but that means the judges won’t have as much context about the problem as you do! Make sure you’re framing the problem in a way that people who don’t know about your community can understand its importance. A great place to check this is by talking to other people in the Web3athon discord.
• Consider all people involved in your solution: A lot of ideas center on exchanging of value between two people. Whether that’s merchants and customers, people within a family, or donating to charities, all of these interactions are 2-sided. Make sure you’re understanding the motivations and problems of the people on BOTH sides of the transaction.

Examples

Some examples of project descriptions have been provided below. Not all of them are related to our Hyperlocal themes, and there are a couple different format suggestions, but the goal is to provide you with some inspiration as you’re refining your idea!

goLance

Hyperlocal Theme: Financial Health

Description paraphrased from this blog post

The most important thing for freelance workers is getting paid quickly. But for freelancers who operate in different countries than their clients, quick payments are a challenge using the traditional financial system. Money-sending methods like wire transfers move from bank to bank while each bank takes a cut. It takes days and doesn’t make sense for smaller amounts as the recipient ends up losing a huge percentage of their earnings. This challenge primarily impacts freelancers in emerging markets where their whole livelihood comes from these funds and these sizable fees can prevent folks from putting food on the table.

goLance is an end-to-end global freelance marketplace that helps freelancers find jobs and get paid. goLance offers a variety of withdrawal payment methods including Ethereum and Bitcoin. Using the Wyre payments network, they accept payment from the client, convert the freelancer’s payment into the cryptocurrency of their choice, and send it to the freelancer. This allows for fast cross-border payments with low fees to all of their freelancers, especially those where traditional banking systems aren’t an option.