What is your capability to deliver your project with high levels of trust and accountability?
Cortex DAO is a diverse group of experienced mental health professionals and enthusiasts who explore non-allopathic and psychedelic alternatives. The team combines knowledge in alternative medicine, event organization and web 3.0 to create a strong foundation for the DAO's success. Cortex DAO aims to establish a secure and inclusive space for individuals to explore and advocate for alternative regulations in psychotherapy. By fostering a global invested community, the DAO aspires to drive positive change and promote the adoption of safe and effective alternative therapeutic approaches worldwide. The team has a proven track record of successfully raising and managing financial contributions.
What are the main goals for the project and how will you validate if your approach is feasible?
Cortex DAO'Main goals:
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Participate in the Growing Demand for Psychedelic Assisted Therapies: Recognizing the shift in society's eagerness for exploring psychedelic therapies, the goal is to capitalize on the increasing interest and demand for these treatments.
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Provide a Governance Platform for the Psychotherapeutic Community: The aim is to establish Cortex DAO as a platform where the psychotherapeutic community can come together to govern and coordinate efforts in the field of psychedelic-assisted therapies.
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Capitalize on the Rapidly Expanding Market: With the market for disruptive mental health companies in the psychedelic sector expanding rapidly, the goal is to position Cortex DAO as a key player in this emerging industrythrough verifiable on chain traceability of batch lot and quality of production of the supply.
We will achieve this through a Governance Platform for the Psychotherapeutic Community
- Establish Cortex DAO as a fully functional and tested platform on Cardano network with all tokens distributed within 3 months.
- Promote the Healing Potential of Psychedelics
- Fully establish all the necessities, and implement the resources and partnerships to organize, promote, and successfully run the Genesis event in Tulum,
- The organization is ready to market and advertise 3000 tickets by December 31st.
- Consolidate partnerships to run the event by January 21
- Achieve +1,000 readers per month on the science and medicine blog website by the end of the year
- To grow on all social media platforms, share useful materials and simplify complex articles and scientific papers for everyday patients.
- Tap into the Growing Demand for Psychedelic Assisted Therapies: Capitalize on the increasing interest and demand for psychedelic therapies
- Commissioning on therapies
- Profiting through events and creation of safe spaces
- Further developing scientific studies to perfect techniques
- Creating a household trademark for safe psychedelic assisted therapies
- Foster Collaboration and Innovation:
- Improve engagement with the scientific community from Stanford, UNAM Mexico, and other important laboratories that are elite in the field.
- growing our network of speakers, teachers, and therapists to present and promote at events, on social media, and on podcasts, using their voice to promote and profit.
Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.
- Genesis Event: The DAO will join stakeholders of the psychedelic treatment industry to align on the vision for the DAO. This will involve bringing together scientists, researchers, practitioners, and the health-seeking public to discuss research, best practices, and share ideas to collaborate on initiatives promoting the development of safe and effective therapies.
- Verifiable Identities will require users to pay to get verified in Fiat, or DMT3 token that would go to the DAO treasury and mint an NFT once verified.
- Traceable supply batches with our trademark will require a NFT QR code minted after paying in Fiat or DMT3 token.
- The Front-End would enable an “Airbnb” for psychedelic assisted therapy made in the backend for Web3.0 users and allowing a Web 2.5 experience.
The DAO will bring together all the stakeholders of the psychedelic treatment industry to connect and to approve the vision of the DAO. This will involve bringing together scientists, researchers, practitioners, and the health-seeking public to discuss the latest research and best practices in the field, as well as to share ideas and collaborate on initiatives to promote the development of safe and effective therapies. Following the genesis event, the DAO will have a curated community where practitioners and therapy seekers can follow up with specific treatments in safe environments.
- The Genesis event will be themed “The Web3 Psychedelic Summit”
Please describe the deliverables, outputs and intended outcomes of each milestone.
According to a report by Grand View Research, the global psychedelic market was valued at $8.1 billion in 2020 and is expected to reach $23.3 billion by 2027, reflecting a compound annual growth rate of 17.1%. This suggests that there has been significant investment in this field in recent years, and that the market is expected to continue to grow in the coming years.
Authenticity Measures:
Another important aspect of the therapist-patient safety is ensuring the authenticity of practitioners. This can be achieved through measures such as:
- Official licensing: All therapists and manufacturers/producers should be licensed by the relevant regulatory body in their state or country, and this information should be readily available to patients through a single information portal.
- On-Chain redential verification: Patients should be able to verify the status of their therapists’ credentials through a regularly updated user friendly database. Therapists should be able to verify the status of a medication supplier’s credentials, and they should have access to consumer feedback on each of the supplier’s products under a numerically organized production system that works with an immutable ledger - Specifically Cardano for high scalability and scientific approach to research areas with impact. .
- Continuing education: All industry therapists should be required to participate in ongoing professional development to stay up-to-date with the latest research and best practices discoveries, as well as attending summits with subject matter experts to further develop their knowledge.
Authority Credentials:
In addition to safety protocols and authenticity measures, the therapist-patient relationship can be strengthened through the establishment of authority credentials. These should include:
- Evidence-based practice: Therapists should be trained in and adhere to evidence-based practices, which have been shown to be effective through rigorous research.
- Expertise: Therapists should be able to demonstrate their expertise in their field through their education, experience, and training.
- Professional associations: Patients should be able to find information about therapists' professional associations and any specialties or areas of focus.
- Patient feedback: Patients should have the opportunity to provide feedback about their therapists, which can help others make informed decisions about their own care.
By implementing safety protocols, authenticity measures, and authority credentials, we can create a trusted and secure environment for the therapist-patient relationship. By bringing together scientists, researchers, practitioners, supplier chain organizations, investors, and the health-seeking public, we can work towards improving access to transparent and ensured safe therapists, demystifying the psychedelic therapy industry.
Genesis Event: Revenue Projections for 5000 Attendees:
Assuming an event capacity of 5000 attendees, the following revenue projections can be made based on the following assumptions:
- Ticket pricing: $150 per ticket
- NFT-based access: $500 per NFT
Based on these assumptions, the total revenue for the event would be:
- 5000 attendees x $150 per ticket = $750,000
- 1000 NFTs x $500 per NFT = $500,000
Total revenue = $750,000 + $500,000 = $1,250,000
