No Impunity
{"type": "project", "title": "No Impunity", "logoImg": "bafkreib3iv76kqt3lpintwbd3u6r25f7p24ma7od4cmuogpj4iw3aait6e", "website": "https://noimpunity.org", "bannerImg": "bafkreieyp4ix2yc35ankkaq7tc3ybc7idhrelkdretyh5rnwg2xkv2wioe", "createdAt": 1691150140558, "userGithub": "aurelia240799", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..j4SV-_9iJ5ptGalIBsTBc_IJJ24IX7sjMKrKVkQIBje1a8S_fp2la-eTdC6K7Pd0OTd9TDF3oaiqMZBt3e0oBA", "type": "Ed25519Signature2018", "created": "2023-08-04T11:50:36.530Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-08-04T11:50:36.530Z", "expirationDate": "2023-11-02T11:50:36.530Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x5A3076e8bdE4Ec3aB90Fa022a2018b6D49153a9d", "hash": "v0.0.0:/nsIXtogtlxy9dZFcgMNe5clLDNsdB5Fh4pFaeTMqBw=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#No-Impunity#6551094"}}}, "description": "# What is No impunity?\nNo Impunity is an impact litigation finance exchange dedicated to funding impactful legal action against corporate human rights violations and global environmental damage. Our project aligns with climate solutions by enabling investors to support climate-related impact litigation, notably against corporations responsible for significant GHG emissions. Our legal actions directly combat climate change and environmental damage by targeting companies heavily contributing to pollution and adversely affecting local communities. This initiative fosters justice, accountability, and sustainable outcomes, contributing to reducing GHGs and advancing web3 climate solutions.\n# Problem we are solving\nThe problem right now in the market boils down to 3 issues :\n1. **Climate litigation presents significant return opportunities for retail investors, but high minimum investment thresholds have limited their participation**. On average, funders receive around 3 or 4 times their invested capital or at least 20% IRR plus legal cost recovery if the case is won (Brown Rudnick, 2021).\n2. **Investors seeking to support climate litigation struggle with the lack of transparency and traceability on the impact of their investments**. This lack of authenticity hampers investment decisions, especially for impact investors (Impact Investor, 2022).\n3. **Impactful impact litigation requires substantial cash flow support**, as many law firms and advocacy NGOs face financial constraints preventing them from taking on further work. Lack of funding hinders their ability to pursue lengthy and meaningful legal actions (58 out of 65 interviewed organisations, 2022).\n# Solution\n### Tokenising litigation claims to democratise impact litigation funding\nNo Impunity revolutionises impact litigation funding by tokenising litigation claims, hence democratising access to this asset class. Tokenising litigation claims allows us to reduce the minimum investment requirements to fund these proceedings, thus enabling everyone to invest in these no matter how much they put. No Impunity provides impact investors to directly invest in impact litigation and acquire a stake in the case.\n### Blockchain-powered transparency and real-time data\nOur platform, built on the Polygon blockchain, ensures complete visibility for impact investors and litigants regarding fundraising and fund allocation. Through this technology, investors can track the entire flow of their invested funds throughout the litigation process, from case initiation to outcome. This end-to-end transparency instils trust, empowers informed decisions, and fosters accountability, setting a new standard for financial transparency in litigation finance. Our interactive impact dashboard provides real-time updates on case progress and outcomes, enabling investors to witness the concrete impact of their investments.\n### Empowering change: Building an incentive ecosystem for climate and social justice action\nTo foster a robust community united in the pursuit of climate action and social justice, we are establishing an ecosystem of incentives aimed at boosting investments. Our approach involves the introduction of social tokens, thoughtfully designed by Maliha Abidi, to support various initiatives. These social tokens will hold real-world value and will provide distinct benefits corresponding to the individual's contributions.\n### Accelerating capital deployment and payout with Smart Contracts in our litigation fund\nUtilizing smart contracts in our litigation fund significantly expedites capital deployment and enables swift payouts. With automated and trustless processes, funds are quickly allocated to support climate and social justice causes. At the same time, beneficiaries receive their dues promptly, fostering a more impactful and responsive ecosystem\n# Plans for funding\nOur plans for funding, starting in September, encompass two main aspects: raising funds for the company's operations and simultaneously seeking funding for two climate litigation proceedings - in both Brazil and South East  Asia. Here's a detailed outline of our approach:\n### Company Funding:\n1.  Grant Opportunities: We will actively explore grant opportunities from government agencies, non-profit foundations, and other relevant institutions that support climate and environmental initiatives. These grants will help accelerate the growth of our company while keeping our independence.\n2.  Private Investments: As we progress, we will seek additional investments from private individuals or impact-driven investors who share our vision for positive change in environmental and social justice causes. These investments will further fuel the expansion of our platform and outreach efforts.\n### Crowdfunding for our legal Cases:\n1. Community Engagement: Our first step will involve creating awareness and engaging the community in the importance of the two legal cases we aim to fund. We will use social media, targeted campaigns, and online forums to reach out to potential backers who are passionate about environmental protection and climate justice.\n2. The cases social tokens: Upon contributing to the legal cases, community members will be rewarded with our unique social tokens, designed by Maliha Abidi. 3 tokens will be proposed unlocking different type of utilities according to the contribution of each individual. These tokens will not only symbolise their commitment to fighting for climate and environmental justice but also grants them access to multiple benefits and utilities within our ecosystem such as interviews with lawyers, claimants representatives etc.\n3. Crypto Wallet Integration: To facilitate seamless contributions, we will integrate multiple crypto wallets into our platform. This allows community members to make secure and efficient donations using their preferred cryptocurrencies.\n4. Personalized NFTs (PFPs): As an additional incentive for generous contributions, certain levels of funding will qualify participants for personalized NFTs (PFPs). These non-fungible tokens will be uniquely crafted to celebrate their involvement in supporting the legal cases, further strengthening their connection to the cause.\n5. Transparent Impact Tracking: We will provide a comprehensive impact tracking system on our platform, giving community members real-time updates on the progress and outcomes of the legal cases they have funded. This transparency fosters trust and reinforces their belief in the positive change their contributions are making.\n6. Community Engagement: Throughout the crowdfunding campaign, we will actively engage with our community through social media, online events, and interactive discussions. By nurturing a sense of belonging and shared purpose, we aim to rally more support for the legal cases and inspire others to join the movement.\n## Team members\n1. Meet Aurélia Le Frapper, the co-founder of No Impunity. Her diverse experiences as a consultant at Cognizant, a business analyst at Amazon, and her extensive microfinance background, empower her to seamlessly align our technology roadmap with our strategic goals. Aurélia's academic pursuits in Economics & Philosophy and her  work on building a data literacy tool with UN Women UK  enables her to fuse technology with ethics, creating a viable technological framework that guides the strategic development of our platform. Moreover, she leverages these skills to drive business development with foundations and impact investors, ensuring the continued growth and impact of No Impunity. Aside work, Aurelia is a devoted jazz pianist and work with organizations to harness the potential of emerging technologies to fund public goods\n2. Meet Yanis Lunetta, the co-founder of No Impunity. His international relations and law background served as a solid foundation for his work with advocacy NGOs such as Amnesty International and Transparency International, where he acted as a face-to-face fundraiser. Yanis' casework experience in legal clinics across the MENA region exposed him to the stark realities of corporate abuse against migrants and asylum seekers, which galvanized his commitment to access to justice. At No Impunity, Yanis merges his passion and expertise to foster business development, coordinate the work of No Impunity's legal team and handle the strategic development of the platform. Aside from work, Yanis is a keen open-water swimmer (he crossed the Channel in June 2022!) and researches corporate criminal liability for international crimes.\n3. Meet Isaac Onuwa, our CTO. Isaac has an extensive background in software engineering and has been working with blockchain technology for more than 5+ years with companies like Mozilla and Gitcoin. He is an engineer with a passion for  the decentralized web . He has a deep understanding of blockchain protocols and the DeFi ecosystem, and has been involved in various projects that have been successfully deployed to Mainnet across a number of EVM chains. At No Impunity, he focuses on the development of our smart contracts, our platform as well as the technology roadmap.\n4. Meet Roslyn Lai - Head of Legal at No Impunity. Aspiring solicitor passionate about the intersection between technology and litigation financing. She recently graduated from Tsinghua University (LL.M in International Arbitration & Dispute Settlement, Young ICCA Scholar) and holds legal qualifications from the University of Hong Kong, and Lancaster University. At No Impunity, Roslyn focuses on legal aspects of our development, encompassing regulatory work related to litigation finance and Distributed Ledger Technology, drafting and negotiation of funding agreements, and legal risk management.\n5. Meet Kristaps Kallaste - the Head of Marketing and Communications at No Impunity. With a passion for driving positive change, Kristaps brings a wealth of expertise to our team. A UCL graduate, he honed his marketing skills by leading two  organizations during his time at the university. His journey continued as he gained valuable insights working at a prestigious law firm and PricewaterhouseCoopers. Kristaps' dedication to social impact and his keen understanding of the legal and financial landscape make him a driving force behind No Impunity's mission to empower ethical investors and foster accountability through impact litigation investment crowdfunding.", "logoImgData": {}, "bannerImgData": {}, "projectGithub": "No-Impunity", "projectTwitter": "_no_impunity"}