Livoa LogoLivoa
ChainFund — Verifiable, Trustless Crowdfunding on Blockchain
End-to-End Flow
1. Project Creation


Creator defines project and objectives. Stellar smart contract is deployed on-chain to handle fund logic.

2. Funding Phase


Backers connect Stellar wallets and contribute funds directly to the smart contract.

Funds are securely held in escrow until milestones are verified.

3. Milestone Proof Submission


Creator submits milestone deliverables (documents, media, proof-of-work) on Stellar.

Proofs are cryptographically locked and timestamped on-chain for transparency.

4. Feedback & Flagging


Community and backers review submitted milestones.

Reports and feedback are recorded; any discrepancies can be flagged for review.

5. Reputation & Contributor System


Contributors earn reputation tokens (SBTs - Soulbound Tokens) for participation and trust.

Verified creators receive SBTs tied to their profiles, enabling long-term credibility.

6. Hybrid Verification System


AI validates milestone authenticity, originality, and data integrity.

Includes external checks (metadata, file integrity, and plagiarism detection). Optional multi-signature community approval can be triggered for added trust.

7. AI-Assisted Verification


AI validates deliverable consistency and quality metrics.

Quadratic voting by backers and validators ensures fair consensus.

Final verification outcome determines release or hold of funds.

8. On-Chain Execution


Upon approval, the smart contract automatically releases funds to the creator.

If verification fails or is disputed, funds remain locked.

9. Dispute Resolution


Level 1 Dispute: Funds are held or refunded until verified by DAO vote.

Level 2 Dispute: DAO governance triggers deeper review; final decision is executed by the smart contract.

Workflow

by Chirayu

0
0 uses