Powered by Blockstack and Blockchain technology, Souq gives its user an unprecedented level of insight and participation in crowd funding initiatives, locally or abroad.
By leveraging the decentralized identity system provided by Blockstack, users become self sovereign.
Like a traditional Wallet, users can send and receive Crypto. Users also spend some of their Crypto when creating new Projects.
By storing meta data on-chain, your Project becomes resistant to censorship. This includes the Funding Address and Goal amount.
Finding what others have listed is easy, users can search Projects by their unique ID, by keyword Properties, or by location Proximity.
Deep diving into the details of a Project is very intuitive since data is presented in a standardized layout.
Through the power of People and the power of Blockchains, users have a framework to fund their constituents initiatives directly.
Easily install Souq from Google Play for Android, or from the App Store for iOS.
After installing Souq to their mobile, Users will securely sync up to their preferred full node.
When a few details are provided, Users are able to tag their Project and save them on-chain.
After searching for Projects by their unique identification, relative proximity, or relative keywords. Users are able to fund Projects directly, without the need for middlemen.
With a Blockstack based consensus, Project meta data is indexed and distributed securely online and on-chain The mode you run in determines if you can read AND write.
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When the people have the power to voluntarily and transparently contribute funds towards what they actually believe in, the opportunity for coercive systems to manifest becomes exponentially more difficult over time.
Souq is built on the principles of voluntaryism and has the potential to transform old and inefficient public works projects with something built for and by us. Imagine geo-tagging a pothole on your way to work and it being fixed by the time you get home. Souq has the potential to make us question why we ever dealt with things like potholes in the first place, and because it is built on Blockstack’s decentralized internet it can become heirloom software that we can pass down to our grandchildren.
Souq enables groups to transparently accumulate funds for projects. This empowers decentralized, self governing organizations to tackle large projects with a minimum of trust between the members. Souq, and its decentralized governance and funding model is the beginning of fulfilling the promise of the Blockchain and other decentralized technologies.