Prorosca

Problem Statement

The Problem: Founders Need Better Funding PathsTraditional Venture Capital Is BrokenSlow, opaque, and gatekept by closed networks.Often requires warm intros and early traction.Dilutive by default — founders lose ownership too soon.Lending Options Are Just as Difficult Most founders can't access traditional loans:No steady income or credit history.No collateral, especially in early stages.DeFi loans? Too risky or complex for real-world founders:Lending protocols favor whales, not builders.Lack of Trust & Transparency in Early-Stage CapitalNo shared reputation or on-chain accountability.Default risk is high, and cooperative funding is rare.New founders have no signal to show they’re trustworthy.The VisionA new model where founders fund each other — with trust, not dilution.Peer-to-Peer Support 🤝Circles made of other founders who get itCrewmates can cover each other in tough timesBuilt on trust, not credit scoresCapital Without Compromise 💸 Full-time founders can bid for The Vault instead of:Selling tokens earlyTaking risky loansGiving up equity too soonFuel for the Builders-in-Waiting 🧪Part-time founders can save up for their future startup journey (by lending to current founders who need the money)When they are ready, they can claim the vault and kick off their side projects with accumulated reward (interest repayment from previous founders)!Capital as a community — not a gatekeeper. Entrepreneurial ecosystem is sustainable and synergistic, not extractive or draining.

Solution

This project was built as a Worldcoin Mini App deployed on Worldchain, designed to facilitate trustless funding circles using smart contracts and zero-knowledge proof-based identity verification.Stack OverviewFrontend: Built with Next.js App Router and Tailwind CSS for a fast, mobile-optimized UI. All user interactions—joining a circle, submitting contributions, viewing stats—are managed within the Mini App, embedded directly into the World App environment.Smart Contracts: Written in Solidity and deployed using Remix for rapid iteration. The core contract, joinSail, governs participant contributions, payouts, and urgency-based fund allocation. It encodes both fixed-logic and customizable parameters for different circle structures (e.g., bid vs. random).World ID IntegrationProof of Unique Human Identity: Prevents Sybil attacks (one person creating multiple identities to game the system). Guarantees that each crewmate = one real founder, not a bot or duplicate. Adds credibility for VCs and users who worry about trust in pseudonymous systems.Trust Foundation for the Ecosystem: The reputation system (CredKnot - Blockscout Merits!) relies on each identity being unique and persistent. Marooning (blacklisting) only makes sense if the ID behind the account can’t just re-enter under a new name.Enables Fair Forgiveness Mechanism: Founders who default aren’t punished forever — but forgiveness only works if they're a verified individual and there's accountability tied to a real-world ID.Future-proofing Compliance: Many investors and institutions are cautious about DeFi/DAO systems. Using World ID shows you’re thinking ahead to compliance, identity assurance, and scalable trust.