One World Project | Live Competition Kick-Off

Summary

The One World Project is a blockchain-based initiative focused on democratizing access to funding and infrastructure for under-resourced communities globally. The project utilizes decentralized autonomous organizations (DAOs) and smart contracts to facilitate membership management, profit-sharing, and identity verification. With a prize pool for auditors, the platform encourages participants to review code vulnerabilities. Key features include the Membership Factory, ERC 1155 Membership Contract, Currency Manager, and Identity Contract. The project emphasizes secure KYC processes and offers opportunities for users to engage in community-driven projects, fostering economic growth and sustainability worldwide.

Takeaways

• 😀 The One World Project aims to democratize access to funding and resources using blockchain technology, supporting under-resourced communities worldwide.
• 😀 The audit contest for the One World Project smart contracts has a prize pool of $155,000, encouraging competitive participation in identifying vulnerabilities.
• 😀 The One World Project's goal is to empower communities by providing direct participation in infrastructure projects and offering paid roles and equity as members.
• 😀 The project is in its MVP stage, with ongoing development to build a robust platform for community-driven capital markets and financial opportunities.
• 😀 The Membership Factory contract is critical to the DAO structure, managing the creation, updates, and membership purchases within the platform.
• 😀 ERC 1155 membership tokens represent DAO memberships, and the contract includes profit-sharing features based on token holdings.
• 😀 The Currency Manager contract allows the whitelist of currencies used in DAO transactions, ensuring that unauthorized currencies cannot be used.
• 😀 The One World Project Identity contract handles identity management with NFTs, linking metadata to token IDs and restricting token transfers.
• 😀 The KYC process is integrated into the platform through NFTs, with user data tied to the KYC-verified wallet ID, ensuring privacy and data management compliance.
• 😀 Users can join DAOs with customizable tiers, ranging from public to private DAOs with tokenomics models that distribute rewards and responsibilities proportionally.
• 😀 The audit covers multiple key contracts, including Membership Factory, ERC 1155 Membership, Currency Manager, and Identity contracts, each with specific audit concerns focused on role-based access, profit-sharing, and secure external interactions.

Q & A

What is the One World Project, and what is its main goal?

The One World Project leverages blockchain technology to democratize access to funding and resources, empowering communities, fostering economic growth, and creating sustainable financial opportunities worldwide.

Who are the key people behind the One World Project?

The key people behind the One World Project are Nicholas Gibbs, the founder and CEO, and Alan Tomy, a software developer specializing in blockchain technology and distributed computing.

What is the main functionality of the Membership Factory contract?

The Membership Factory contract enables the creation and management of DAOs (Decentralized Autonomous Organizations) using ERC 1155 membership tokens. It allows users to join DAOs, modify membership tiers, and interact with external contracts.

What does the Membership ERC 1155 contract do?

The Membership ERC 1155 contract issues membership tokens that represent DAO memberships and enable profit sharing among members. It also integrates access control features to manage token minting and profit distribution securely.

How does the profit-sharing system work in the Membership ERC 1155 contract?

The profit-sharing system calculates member payouts based on their token holdings. The system uses weighted profit sharing to ensure accurate distribution based on each member's contribution or investment.

What are the main concerns when auditing the Membership ERC 1155 contract?

Key concerns include verifying accurate profit-sharing calculations, ensuring role-based access control to prevent unauthorized minting or burning of tokens, and checking for potential vulnerabilities in external contract interactions, such as re-entrancy attacks.

What is the purpose of the Currency Manager contract?

The Currency Manager contract manages the list of approved currencies for transactions within DAOs. It ensures only authorized currencies are used, maintaining the integrity of the platform.

What are the key security considerations for the Currency Manager contract?

Security considerations for the Currency Manager contract include ensuring proper role-based permissions for adding or removing currencies, and safeguarding access to view or modify the list of whitelisted currencies.

What is the role of the One World Project Identity contract?

The One World Project Identity contract handles identity management within the ecosystem. It manages the creation and burning of NFTs representing user identities and ensures secure metadata linking, as well as transfer restrictions for non-transferable identities.

How does the KYC process work in the One World Project?

The KYC process in the One World Project involves users filling out a registration form. Once KYC is completed, a unique NFT is assigned as the user's KYC wallet ID. All sensitive data can be deleted within 24 hours after verification, ensuring privacy and compliance.