Upcoming Proposal For DoxaUSD SNS Decentralization Swap

Hi ICP Family,

DOXA|DoxaUSD, a DFINITY Supported (Grant ID: 60003584) and ICP homegrown project (no VCs involved) is soon launching its Service Nervous System (SNS) decentralization swap on ICP!

DOXA Overview

Built natively on the Internet Computer, DOXA is a decentralized multi-stablecoin protocol bridging crypto utility with global financial inclusion. The ecosystem features DOXAUSD (DUSD) backed 1:1 by ckUSDC, tokenized Bitcoin T-Bills accessible via ckBTC, DPay merchant payment rails, and a sustainable, non-inflationary yield mechanism.

:backhand_index_pointing_right:The transition to an SNS DAO hands full, sovereign control of the DOXA stablecoin Infrastructure/Protocol, DUSD minter, reserve pools, merchant infrastructure e.t.c directly to the community, a vision we have had for a long time.

Goal.

To achieve absolute protocol decentralization through an SNS DAO swap, targeting a 50,000 ICP direct participation threshold to catalyze protocol-owned liquidity, back long-term treasury reserves, and anchor initial DOXA market capitalization.

We have set the Target Direct Participation to 1 ICP despite a goal of 50,000 ICP to guarantee that the SNS swap completes successfully regardless of short-term market volatility.

Protocol Highlights & Ecosystem

  • Core Products: DOXAUSD (DUSD) 1:1 backed by ckUSDC, Bitcoin T-Bill collateral integration, and DPay merchant settlement rails.

  • Proven Traction: Winner of the 2025 Bizthon award, recipient of 2 official DFINITY Grants, incubated by INSEAD AI Lab, and Selected as among top participant Perplexity AI Fellowship startup program.

  • Open Source: Smart contracts and code bases published under the Doxa Community Source License (DCOS).

Genesis Tokenomics & Allocation.

Basing on valuable feedback and evolving market conditions, we made a few strategic adjustments from our previous update to better align with long-term protocol sustainability and investor confidence.

Parameter Metric / Allocation Details
Token Name / Symbol DOXA / DOXA
Genesis Total Supply 10,000,000 DOXA (Hard-capped)
Ledger Fee 0.1 DOXA
Treasury Reserve 90% (9,000,000 DOXA) — DAO-controlled
Decentralization Sale 3% (300,000 DOXA)
Team 3% (300,000 DOXA) 4-year vesting, 12-month cliff
Foundation 3% (300,000 DOXA) 2-year linear vesting, 6-month cliff
Early Contributors 1% (100,000 DOXA) 3 tranches over 12 months

Decentralization Swap Parameters

  • Duration: 21 days

  • Target Direct Participation: 1 ICP Minimum | 1,000,000 ICP Maximum

  • Participant Thresholds: 20 ICP Minimum | 100,000 ICP Maximum (Minimum 10 direct participants)

  • Neurons Fund: Disabled

  • Neuron Basket Vesting: Distributed across 6 uniform tranches with a 4-month interval.

DAO Treasury Deployment Commitments

  • 70% Staking Reserve: Locked in an 8-year NNS neuron managed by the DAO.

  • 29% DAO Operations: Operational runway covering development, security audits, and treasury management.

  • 1% Social Impact: Direct allocation committed to helping vulnerable communities in Africa.

Governance Parameters

  • Min Stake to Create Neuron: 50 DOXA

  • Min Dissolve Delay for Voting: 1 month

  • Max Dissolve Delay Bonus: 100% bonus (24 months)

  • Max Age Bonus: 25% bonus (12 months)

Decentralized Canisters & Links

  • Root Canister: iwpxf-qyaaa-aaaak-qddsa-cai

  • Stablecoin Minter: modmy-byaaa-aaaag-qndgq-cai

  • DUSD Ledger: irorr-5aaaa-aaaak-qddsq-cai

  • ckUSDC Pool: ieja4-4iaaa-aaaak-qddra-cai

  • Frontend: i7m4z-gqaaa-aaaak-qddtq-cai

  • Utility Canister: s2rhn-ryaaa-aaaag-qngva-cai

~ By Doxa Foundation (Regno.80034581427978)

We need Every Support fellow members reading this, as we build open, transparent, and inclusive Stablecoin public infrastructure on the Internet Computer!

Let’s build :fire: ICP, Together we can …we :heart: u all

oh no not again.
you’ve been asked time and again to dox your team ( on top of all the other questionable stuff), do that first if you want the smallest bit of trust from the community

I will vote against it because you are an unknown small team

Doxa Foundation : Core Team

Kizza Fredrich : Chief Executive Officer

Kizza Fredrich is the CEO and team lead at Doxa Foundation, with a background spanning software engineering, Web3, fintech, and startup development. He is the managing director of Meta Earth Ug, a former Perplexity Business Fellow and has worked with technology ventures including nadra.life, an Ethereum-based NFT marketplace, CIT , Top 100 smart comoanies in new jersey, Alphasoft, a software development company, and Xazu Tech, a fintech company.He won two global hackthons and grew ICP community in Uganda from 0 to leading chain with or without dfinity financing. He organised the icp<>gdg devfest that hosted about 1000 devs, @ICPCC kampala with 73 members, helped @Seb organise the kampala motoko bootcamp, Spoke at all ICP conferences in the country, organised the ICP uganda hackthon where 5 projects where built on ICP. Represented ICP in uganda despite ICP not having a hub in the country. proof

Fredrich has built projects including Starship Rise to Marz and AI Checkers. He is a certified Motoko developer through Encode and the Motoko Bootcamp and is an active entrepreneur within the Internet Computer ecosystem. His current areas of interest include on-chain AI, decentralized finance, and Bitcoin Layer 2 technologies.

He joined ICP in August 2021 and began his expedition of building on icp and in 2023 the work on doxausd began with @samthetutor as the lead dev

LinkedIn: Profile

GitHub: github.com/kizzafredrichkibalama

Vishnu Vishwakarma : Chief Technology Officer

Vishnu Vishwakarma is the CTO of Doxa Foundation and an experienced Internet Computer developer with more than two years of hands-on experience in the ICP ecosystem. He began his ICP journey through an internship with ICS and has since contributed to the broader Motoko developer community.

Vishnu contributed to the Motoko Book alongside its author, helped establish a Motoko-focused Discord community, and works as a Rust evaluator with Dacade. He holds an engineering degree in Electronics and Communication from India and was instrumental in co-developing Doxa’s MVP. His technical interests extend into physics, mathematics, blockchain infrastructure, and decentralized systems.

GitHub: github.com/v2i0s2h2

LinkedIn: https://www.linkedin.com/in/vishnu-vishwakarma-20ab65233/

Ahmed Rahees (Director of Engineering)

Ahmed Rahees is the Director of Engineering at Doxa Foundation and a self-taught developer who transitioned into blockchain development in 2021. He has built and contributed to several Web3 products, including Cipher Box, a decentralized password manager that received recognition in ICP hackathons, and Seirios, a Web3 platform for Environmental Product Reporting (EPR) and sustainability metrics.

Ahmed specializes in Motoko, TypeScript, Rust, and Svelte. At Doxa, he leads the engineering effort behind the protocol’s capital-efficient multi-stablecoin infrastructure, including mechanisms designed to maintain stablecoin pegs without relying solely on traditional over-collateralization models.

GitHub: github.com/ahdrahees

LinkedIn: https://www.linkedin.com/in/ahdrahees/

Mukunya Stanley: Chief Marketing Officer

Mukunya Stanley is the CMO of Doxa Foundation and a seasoned media and communications professional with extensive experience in media production, news coverage, brand communication, and strategic marketing.

Based in Africa, Stanley has collaborated with Best Media Services, providing expertise in content creation, production management, media strategy, and communications. He specializes in developing compelling media campaigns, producing high-quality news and marketing content, and optimizing media operations to strengthen brand visibility and audience engagement.

At Doxa, he leads marketing, communications, media relations, and brand-growth initiatives, helping position Doxa within the African and global Web3 ecosystem.

Profile: Available upon request

Respectively, @charm Team could be older than you think in ICP and has been contributing to the growth of this ecoystem. Vote with Wisdom dear :folded_hands:

Please stop creating new threads about exactly the same thing.

https://forum.dfinity.org/t/first-sns-in-2026-crosschain-stablecoin-infrastructure-with-doxausd-built-with-on-icp/74876

There’s an older thread as well

We are Sorry @Lorimer and community here, 1.There’s an order all sns projects have been following, We wanted to do it the same way.

2.There was an update in the parameters as mentioned above.

For now, we shall consider this, humbly