The problem Versura solves

● Foreign Exchange Risks: Foreign exchange limitations and Purchase Power Parity (PPP) differences ties the
contribution value to the original campaign currency, severely impacting the contributions of international users

● Use of fiat currencies: Traditional global currencies, named “fiat” in the cryptocurrency world, can be
deemed volatile due to unstable global economics and fluctuations.

● Limited global accessibility: Certain payment providers do not accept specific payment methods, thereby
reducing the overall reach of the campaign and thus, its effectiveness.

Proposed Solution:
● Decoupling of “fiat” currencies
○ Fiat currencies impose a number of restrictions on the flow of financial assets
○ Moving to alternative financial token types will remove geographical, transactional and scalar issues on financial assets

● Usage of decentralised blockchain based system
○ A blockchain is a peer-based system which records each transaction in all participating systems or “nodes”
○ In a blockchain, there is no central source of truth or authority. Each record is validated by all nodes in the system
○ A decentralised system as such ensures transactional security and integrity

Challenges we ran into

Deployment of Smart Contract on Live Testnet
Frontend Integration with Smart Contract
Errors in Transactions