Index Africa

Index Africa’s mission is to be both a world class indexing node while using the incredible innovations in Web3 to educate and uplift a future generation of rural Africans to participate in the future crypto economy.

As a social enterprise the node contributes a percentage of indexing rewards to its non-profit partner the Good Work Foundation (GWF), a South Africa-based organization that aims to teach digital literacy and STEM education in the most rural parts of the country. Index-Africa sees this decentralised philanthropy (DePhi) funding model as a classic example of how innovations in the Web3 space can travel and start to uplift the lives of many people in unexpected ways, thereby reshaping how the world works.

Why?

Index Africa is uniquely positioned to be a bridge between Africa’s rural people and the future decentralised economy.  The Index Africa team has a rare combination of first world technical capabilities together with a long history of working in Africa’s most rural areas to bring access to world class digital training. 

We see ourselves as a bridge between technical skills, operational skills and social change agents on the ground in Africa.  We see a huge future for web3 in Africa and with partners like the Graph we are doing the work of creating transformative new models for society.

 

This is a model that does not endlessly call for more hand out donations and will make foundations sustainable while being deeply attractive to people who want to support DePhi.

What is the Good Work Foundation?

Our community has always known that Africa is packed with latent talent and in 2003 we founded the GWF to bring access to world class education on the ground in Africa’s most rural areas. 

At this point in time we now see that what we need to do is connect future generations in Africa with the decentralized economy. We need to train and arm rural learners coming through the digital learning center with the skills they would need to participate. Computer literacy, hardware & networking skills, programming and in time maybe even Indexing facilities – you name it.

Open Learning Academy

The Open Learning Academy is (OLA) is a model that focuses on English literacy, math’s literacy, digital literacy, wild-literacy and life skills for rural school children.  The programme is heavily underpinned by wonder-filled gamified learning that aims to reignite a love for learning.

  • 60 - 90min Weekly Sessions
  • Groups of 10 Learners
  • Extending the Learning Environment
  • Developing STEM Skills

Bridging Academy

The Bridging Academy is a year long course that enables adults to become proficient in skills that are required in a 21st century workspace – quite literally “bridging the gap” between their high school experience and going into the world of further studies.

  • Best Practice Education Programme
  • 21st Century Workspace Skills Proficiency
  • Psychometric Assessments
  • 70% Job Placement within 12 months

IT Academy

The IT Academy, based at the Hazyview Digital Learning Campus, provides a one year, further education training certificate called “Technical Support”.  In addition to local NQF assignments, students also write relevant internationally recognised CompTIA assessments. 

  • Foundational IT Skills
  • Network+ Certification
  • Security+ Certificaiton
  • MICT SETA Aligned

Travel & Tourism Academy

GWF has built on our existing digital learning programme foundation, adding registered Hospitality & Conservation courses – making up the GWF Travel & Tourism Academy (TTA).  The intention is to connect young rural South Africans to the growing economy of wildlife.

  • Connecting Graduates with Jobs
  • Geographically Relevant
  • On the ground training
  • CATHSSETA accredited
0K
Weekly Learners
0%
Women Facilitators
0
Satellite Learning Centers
0+
People Employed

The GWF challenges HOW we learn, WHAT we learn, and WHO has access to learning.

GWF reimagines education for rural communities, from preschooler to adults.

Why Delegate?

Index-Africa is the only Indexer node in Africa.  Our long term expectation is to offer a balanced annual percentage yield (APY) for our delegators as part of our long term intention to build a closed loop funding mechanism for Decentralised Philanthropy (DePhi) via the Good Work Foundation.

We Are Purpose Driven

We seek to maximise mutual value for our Indexing Node, our delegators and the GWF.

We run our infrastructure so that it is geared for an exponential growth in query volume.

We value trust, transparency and regular communication for our delegators.

Did we mention that our mission is socially oriented?

“Immediately, the lights turned on for us…we awakened to the opportunity that Index Africa could have for digital education in Africa.”

Meet Indexers @richlaburn & @BoydVarty to learn about their journey creating Index Africa on the @grt_iq Podcast. 

Enabling Participation

Instead of extracting value from users, Web 3.0 networks capture value by creating opportunities for them instead. In this way, Web 3.0 protocols  turn the economic incentive structure of today’s internet on its head so that more people can participate.

We are connecting two worlds by inviting delegators to stake with us so that a portion of all Indexer rewards and query fees generated for the from delegations can be used to fund the GWF and its access academies.

This allows delegators to earn rewards from their delegations and also be partners in developing digital literacy in Africa, to train the next generation of Crytoprepreneurs.

Built for web3

The Graph is a decentralized protocol for indexing and querying data from blockchains via subgraphs.  It enables the enhancement and optimization of web3 data in a myriad of ways and use cases.

Delegate & Earn Rewards

Delegators use their GRT tokens to delegate support to Indexing nodes. Delegators then earn a percentage of Indexer rewards from the query-fees in return. 

Decentralised Philanthropy

For every 100,000 GRT delegated to the Index Africa node, 10 children get a year of tuition funded through the Good Work Foundation’s Open Learning Academy as part of a long term commitment to reimagining digital education & accessibility through a new model of DePhi. 

DePhi Closed Loop Funding Mechanism

A simple overview of how the Decentralised Philanthropy closed loop funding mechanism works.

Indexer Node Operators

Indexers are node operators in The Graph Network that stake Graph Tokens (GRT) in order to provide indexing and query processing services. Indexers earn query fees and indexing rewards for their services.

Delegators

Delegators put GRT at stake on behalf of an Indexer in order to earn a portion of indexer rewards and fees, without having to personally run a Graph Node.

Curators

Subgraphs are indexed based on curation signals and query volume.  Curators stake GRT in order to indicate which subgraphs are high-quality and should be prioritized.

Consumers

Consumers (eg. applications) use Indexers to process sub-graph queries which generate GRT rewards.  Index-Africa.eth earns an annual percentage yield (APY%) on the value of its query volume and GRT tokens staked to the Indexing Node. 

Graph Token (GRT)

GRT are available for purchase & withdrawals on coin exchanges and have a fluctuating relative value to fiat currencies. This value is based on the protocol usage and token price.

Closed Loop Funding

A portion of Index Africa rewards are contributed towards funding the Good Work Foundation as part of a long term commitment to reimagining digital education & accessibility.

Token Allocation

How delegations rewards will be allocated on index-africa.eth
  • Annual Percentage Yield3.58%
  • Total Stake3B GRT
  • DELEGATOR QUERY FEE CUT12%
  • Index Africa Stake1,923,077 GRT
  • DELEGATOR REWARDS CUT12%
  • MAX DELEGATION CAPACITY30,769,232 GRT

*For up to the minute GRT Token Price click here

HOW TO DELEGATE

Use your crypto wallet to purchase the Graph Token (GRT).  This can be done through a number of decentralised crypto exchanges.

Visit https://network.thegraph.com/ and click CONNECT in the top right hand corner to connect your wallet.

Search for index-africa.eth under Indexers.  Click on Delegate and select an amount to stake on the Indexer Node.

CIRCULATING SUPPLY
4,7B GRT
Avail. SUPPLY
10B GRT

Delegation Consideration

Key terms and phrases to understand how the Graph protocol operates.

INDEXING & DELEGATION REWARDS

Indexers and Delegators will earn indexing rewards in the form of GRT that is new token issuance distributed proportionally to Curator signal and allocated stake. Indexing rewards will start at 3% annually.

REBATES POOL

In addition to query fees and indexing rewards, a Rebate Pool rewards all network participants based on their contributions to The Graph Network. The rebate pool is designed to encourage Indexers to allocate stake in rough proportion to the number of query fees they earn for the network.  A portion of query fees contributed to the Rebate Pool are distributed as rebate rewards using the Cobbs-Douglas Production Function,

PROTOCOL BURNS

A portion of protocol query fees are burned, expected to start at ~1% of total protocol query fees, and subject to future technical governance. The aforementioned withdrawal tax that is incurred by Curators and Delegators withdrawing their GRT is also burned, as well as any unclaimed rebate rewards.

DELEGATION PARAMETERS

Indexers accept delegated stake according to a delegation capacity, which is a multiple of their own contributed stake. This ratio between Indexer and Delegator stake is set through technical governance.

  • Reward cut — The % of indexing rewards that the Indexer keeps
  • Fee cut — The % of query fees that the Indexer keeps

SECURITY

GRT (Token) transaction records are distributed over a network of computers, with no single point of failure. That makes it extremely difficult for hackers to infiltrate. Additionally, security methodologies, such as mnemonics, help to protect crypto wallets.

USAGE ORIENTATED

Developers can query a peer-to-peer network of indexing nodes using GraphQL and verify the results on the client. This allows teams to focus on their dApps’ core functionality and deploy to trustworthy public infrastructure they don’t have to manage and leverage for scale.

FULL STACK DECENTRALIZATION

Full-stack decentralization will enable applications that are robust to business failures and rent seeking and also facilitate an unprecedented level of interoperability. Users and developers will be able to know that software they invest time and money into can’t suddenly disappear.

EDUCATING & EMPOWERING

Index Africa is using the democratisation of technology to unleash and empower rural African people by directly connecting, educating and empowering these underserved people with digital literacy as an onramp to the crypto economy.

Index Africa team

Richie

Indexer Lead

Boyd

Philanthropy Lead

Ian

Technical Lead

Nadia

Financial & Compliance Lead

Given

Community Manager

Roadmap

Mission Milestones
1

Index Africa Development

October 2020
2

Alpha Indexing Node Launched

March 2021
3

Beta Indexing Node Launched

April 2021
4

Deploy Subgraph API's

May 2021
5

Regional Node Expansion

August 2021
6

Launch Crypto Academy in Hazyview, South Africa

Nov 2021
7

Sub Graph Evolution

January 2022
October 2020

Index Africa Development

R&D around feasibility of running an Indexing Node for the Graph Protocol on Ethereum Testnet.

March 2021

Alpha Indexing Node Launched

Setup Alpha version of the Indexing Node on local servers in South Africa. The first Indexing Node in Africa

April 2021

Beta Indexing Node Launched

Setup Beta version of Indexing Node with high performance raid servers

May 2021

Deploy Subgraph API's

Begin process of sub-graph deployment and management in order to initiate query volume growth.

August 2021

Regional Node Expansion

Setup replicable Indexing Nodes in other African regions in Africa

Nov 2021

Launch Crypto Academy in Hazyview, South Africa

A portion of the proceeds earned from Indexing rewards are committed to progressing digital literacy in Africa. This is done by funding the Crypto Training Academy at the Good Work Foundation's Hazyview Digital Learning Center.

January 2022

Sub Graph Evolution

Curate and create further subgraphs for deployment and query volume