Round 11
Winner
Tellus Cooperative

We offer an on-chain governance platform and DeFi products to help connect LATAM to democratic banking and sustainable programs.

Budget request:  
$50,000
*
WebsiteCode

Project Stage

Introduction

Category

Defi & Wallets

Based in

Chile

Team size

5

Active since

2019
Products & Services

Tellus Cooperative offers web3 products on the Stellar Blockchain to help connect Latin America with inclusive and sustainable banking. We are using the Stellar Consensus Protocol’s (SCP) decentralized features to enhance local networks of small businesses. Tellus is building a bridge between decentralized finance (DeFi) and sustainable products and programs for its users. Different from other companies, we define ourselves as a “DAO-first” organization. Connecting the benefits of private enterprise to achieve Stellar blockchain adoption, with the cooperative and open-source nature of a decentralized organization. We are motivated by the opportunity to offer a democratic platform for users to channel their needs for a more inclusive economy. As a team, we are working on different projects that will help with the every-day incorporation of cryptocurrency services such as a mobile wallet, a web app voting platform, and an open-source Point of Sale terminal to incentivize people to run their Stellar nodes and connect the customer with new opportunities.


Mission

To foster the adoption of blockchain technology in Chile and Latin America through sustainability and democracy.


Vision

Create a platform for democratic participation that incentivices innovation through cooperation between small businesses, workers, cooperatives, and non-profits.


Community DAO + Cooperative Web App

Communication and community building are essential for an interconnected economy. Our community DAO creates a comprehensive platform for organization, ideation, and discussion. We provide a space for users and developers alike to create industry standards for a sustainable economy. To create inclusive decentralized finance solutions for people, we believe is necessary to incorporate users’ input proactively into the decision-making process. Through this DAO, we will connect people to programs aiming to help meet basic needs in Latin America, increase the use of sustainable technologies and practices, and boost local economies through the use of anchored assets.


Our DAO:

  • Creates governance standards for its members
  • Governance Proposals are voted democratically on-chain
  • Follows a set of values determined by its mission and vision
  • Maintains an open-source mentality
  • Participates in the research and development of DeFi products on the Stellar Network
  • Administers its governance token supply
  • Connects people in the crypto sphere from all around the world to adoption projects happening in LATAM


We envision a governance workflow that starts in our official social platforms, as they formalize through the DAO with the following structure:

  • Context-Building Phase: Review the forum, interview stakeholders, and identify the scope of the proposal.
  • Informal discussion and ideas begin forming in channels such as:
  • Discord
  • Keybase
  • Stellar Channels
  • Proposal Phase: Get initial feedback and post the Proposal
  • Happens while publishing to community.telluscoop.com
  • Feedback Phase: Ask for formal feedback
  • Feedback gets incorporated into the proposal and passes to the next stage in community.telluscoop.com
  • Voting Phase: Proposal is updated with the latest changes and community input. Now is ready to be voted on-chain in [cooperate.telluscoop.com]()
  • Implementation Phase: A proposal passes and now is ready to be implemented in the overall governance protocol.


We use an alphanumeric 4-asset governance token called COOP to cast votes in the Stellar blockchain. Proposals are made available for voting for a limited period. These votes are then categorized, counted, and filtered by fetching their predetermined transaction memos and pin-pointing different accounts related to the proposal. Our design is non-custodial, meaning that the user's keys are always being handled by third-party wallets. Currently, we support Albedo. But we are in the process of incorporating other wallet extensions and our own NFC Card reader.


Core Wallet - Mobile App

Chile is in dire need of a wallet for the unbanked and a safe pathway to decentralized finance. Cryptocurrency adoption in Chile is one of the lowest in Latin America. We want to increase cryptocurrency adoption while incentivizing users to participate in their local economies and sustainable programs.


Core Wallet is a secure mobile app for Chile, aimed to provide an on-off ramp for anchored assets and a simple non-custodial Stellar wallet using NFC technology and third-party integrations. We want to make it easier for people to acquire savings accounts and protect their money from inflation. Core Wallet will use NFC technology to encrypt and store private keys while providing the user with the flexibility to import credentials, connect with hardware wallets, and make payments with just a tap.


To achieve this we are building an application that follows the Stellar Ecosystem Proposals (SEPs) for compliant KYC, wallet authentication, and deposits and withdrawals. At the same time, this will ease the communications between our application and the Stellar Blockchain. Our application currently uses Albedo for third-party wallet authentication and the tangem-sdk for NFC key storage.


CoopNode - An Open Source Point of Sale

We are designing an open source and affordable device to connect businesses and customers in real life scenarios. The Coop Node will work similarly to a Point of Sale (PoS) device and will have the technological infrastructure that will allow users to claim reward loyalty tokens through a mobile app using NFC cards or simply by scanning a QR code.


This projects aims to create a cryptocurrency standard to replace coupons and loyalty points, given that these are usually restrictive in nature. A device like this creates the opportunity for any business to reward their customers, implement their own Stellar-based payment gateways, and run their own nodes; allowing interoperability between FIAT and crypto with a use-case scenario widely known by consumers.


Our device is built with:

  • Single board computer (SBC)
  • 5-inch touch display
  • RFID-RC522 Reader
  • A transponder
  • 3D printed fitted case
  • Led light bulb
  • 5v power supply
  • Heatsink
  • Fan


We are currently using the Stellar Python SDK, AWS serverless, and Kivy for a GUI. As we continue with this project, we are excited to evaluate the incorporation of Rust and Soroban to our software.

No items found.
Previous Project(s)
Round 8
Winner
Tellus Cooperative
Be cooperative.
Learn more
Progress so far

Stellar has been an opportunity for our team to learn and grow. Our project has worked solely thanks to the effort of our team. Since our last application we have:

  • Deployed our Stellar web application (cooperate.telluscoop.com)
  • Integrated NFC functionality and Albedo to our Mobile App - Core Wallet
  • Grown our Community DAO (community.telluscoop.com)
  • Created our first Community Governance Proposal (We want to hear what you have to say!)
  • Developed CoopNode.v4 of our hardware
  • Created tutorials in Spanish and English for our members (learn.telluscoop.com)
  • Constituted and legalized 2 companies in Chile to represent our team (Tellus Core) and our DAO
  • Created a model for Cooperative Vaults
Goals

1. Launch our Community Vote Web app (cooperate.telluscoop.com) in the mainnet and pass our first set of on-chain Community Governance Proposals by the end of Q4 20222. Launch Core Wallet (core.lat) in Chile with the MoneyGram third-party extension by the end of Q1 20233. Launch open source documentation for our CoopNode hardware build by the end of Q2 2023

To get there, we  will use our requested budget of  
$50,000
*
  to:

'- Remunerate our in-house development and design team and ocasional freelance support- Domains, hosting, and servers- Team’s software needs (Project management, design tool licenses)- Notarization of documents, legal advising and fees, and accounting- SEO and localized marketing campaign for Chile’s target market- Marketing materials and in-person meetups

Overview
No items found.
Links:
  • Community DAO Our discussion and community platform
  • Cooperate Web App Our new voting platform
  • Core Wallet Our Stellar-based wallet for LATAM
  • Pitch Deck A quick presentation on our goals
  • Learn A platform explaining key resources understanding Stellar in Spanish and English
  • Github Our Github organization and repos
  • Keybase Our communication platform for development
Latam Web 3 SpA

Tellus Cooperative was founded in 2019 to bridge the need for a democratic and sustainable economy using blockchain. Our goals are not motivated by profit, instead, we aim to make finance more inclusive and shift consumer demand towards sustainable goods and services. We have the goal to become the first cooperative of savings and credit using blockchain in Chile to bank the unbanked and educate people on the benefits of participatory democracy and cooperative game theory.

Team

Meet our team!


Bastian Alexander Koh (Punkrockerkoh#5660)

Chief Executive Officer and Founder

Passionate and committed to innovation, environmental justice, and sustainable development. Experienced Program Manager, UX/UI designer, blockchain enthusiast, Python dev, and aspiring Economist.


Nathan Schmidt (Nate_d3v#8978)

Chief Technological Officer


Francisco Vasquez (Pancho#6890)

Chief Financial Officer and Mentor

Civic Engineer in Mining with a Masters Degree in Finance, with solid career experience in venture evaluation, projective analysis, and entrepreneur coaching.


Nicolás Ortiz (N0rt1z#5381)

Chief Operations Officer

Robotic Process Automation Developer(Kofax-Uipath-Jarvee).Extensive experience in insurance companies analysis and operational processes. Knowledge in software development and industrial civil engineering student


Sofía Borquez (Sofiabv#9163)

Chief Marketing Officer