DAO - Evaluation of Funded Proposals

[GENERAL] Name and surname of main applicant

David Tuan

[GENERAL] Email address of main applicant

letuananhnd@gmail.com

Additional applicants

1.Team leader - Mr. David Tuan

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

3

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language.

Yes

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

No

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.” .

None

[GENERAL] Will your project’s output/s be fully open source?

Yes

[GENERAL] If NO, please describe which outputs are not going to be open source. If YES, please write “Project will be fully open source.”

None

[METADATA] Category of proposal

DAO

[IMPACT] Please describe your proposed solution.

PROBLEM

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One of the weaknesses of the current Catalyst is the lack of a professional DAO model in which members of the Cardano community are tasked with appraising and evaluating funded proposals from Fund1 to Fund9.

Therefore, establishing a suitable DAO model can be an important step in improving the quality of future Catalyst-funded projects while increasing the transparency and efficiency of capital use. . Make it easier for voters to recognize capable teams that are making good products to continue to support instead of voting for teams making bad products.

SOLUTION

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Establish a DAO model on Dework where members of the Cardano community can participate and accomplish tasks evaluating and assessing the quality of projects funded by Catalyst.

For each completed task, they will receive a reward commensurate with their efforts.

The criteria that members need to evaluate include:

• Necessity (Is it truly necessary and important?)
• Convenience (Is it easy to use and does it provide a good user experience?)
• Value (Does it bring value to the ecosystem on Cardano?)

(*Note: Dework is a web3 application that helps create and manage DAOs, providing token and reward payment mechanisms for members participating in task completion. This platform will ensure transparency, while enhancing interaction and cohesion among members within the Cardano community.)

For proposals in the dApp category, the application will be provided by members with the following information:

1. Summary of purpose, features, applications generated from the proposal
2. Who is the end user?
3. What is the benefit?
4. How do you feel using the product: Is it easy to use, accessible, good support, innovative approach.
5. Do you want to come back to use the product in the next time?
6. Is this proposal worth the money Catalyst has funded?
7. Does this proposal create value for Cardano? If Yes, how does it help?

For proposals in the communication, marketing and community building categories, reviewers will need to provide the following information:

1. Summary of purpose, value created from the proposal
2. Who is the target audience?
3. What is the benefit?
4. Is the implementation idea creative?
5. Is user access easy and convenient?
6. Does this approach work and increase the number of Cardano participants?

This is the information needed so that the community can have the information needed to determine the products that the sponsoring teams have created a useful product for users? Or are marketing campaigns, community building really effective.

End User

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• Cardano members: By participating in the review of the quality of the recommendations, they can earn additional income. This can help increase their income while actively participating in the development of the Cardano ecosystem.
• Investors: Investors interested in Cardano and Catalyst can monitor the development of the ecosystem and assess the progress of funded proposals from Fund1 to Fund9. This allows them to make smart and timely investment decisions.
• Voter: Voters can identify effective and competent teams through the statistics generated from this proposal. This helps the funding from Catalyst go to the right audience.
• dReps: Based on an assessment of the quality and utility of the recommendations, dReps can easily find qualified groups and support them.

Why is this solution important to Cardano

The app will provide a variety of voter-specific metrics and dRep to help them make more informed decisions. Instead of previously receiving only one-way information from proponents, they now have more historical information about the utility of the products these groups have created in the past. Are these teams making good apps or just trying to monetize Catalyst. That helps them make more accurate decisions instead of just emotional judgments like before.

This way, the Catalyst fund will work more efficiently, the funded ADA will reach the right audience. Thereby helping capable teams with enough operating budget to create useful applications for the Cardano community and attract more new users from other ecosystems. This is the best way to help the Cardano ecosystem grow and accelerate.

[IMPACT] How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

This proposal solves the requirement of the challenge

Tools for prospective organizations to use in evaluating the features available in Cardano DAO's

DAO community collaboration

DAO creation

DAO operation

The proposal will create a DAO model where community members collaborate together to participate in and evaluate sponsored proposals. Gives community a bigger picture of the product development that the funded proposals from Fund1 to Fund9 have done.

Impact of this project on the development of Cardano

The advancement of the Cardano ecosystem hinges on the value of the products create from funded proposals. If these products are valuable and attract a significant user base, Cardano's success will be expedited. However, if these products lack usefulness and fail to engage users, resources are squandered.

Therefore, this solution is decisive in improving the efficiency of Catalyst in providing capital for the project. By providing voters and dRep with community-specific metrics and assessments of the utility of Catalyst-sponsored products. Through these assessments, voters can distinguish high-performing groups from underperforming groups. This allows them to continue to support successful teams, driving the creation of more valuable products to attract a growing number of users. Instead of wasting votes on poor quality projects.

[IMPACT] How do you intend to measure the success of your project?

The success of the proposal will be measured by the following results:

• Number of people who participated in the assessment
• Number of reviews
• Number of voters using the report as a reference for the voting process

[IMPACT] Please describe your plans to share the outputs and results of your project?

Outcomes of this proposal will include:

1.Evaluation Report: This document compiles a list of DAO members' evaluations of the utility of Fund1 to Fund9 funded proposals.

2.Reward Distribution: This is a list of members participating in the DAO, participating in tasks that evaluate sponsored proposals, and the rewards for these members include rewards wallet addresses.

3.Publishing statistical documents: Once the results from these two reports are available, we will publish them on our Team's media channel. In particular, we will prioritize reaching out to members of the Cardano community to send them a review of sponsored proposals. This gives community members a bird's-eye view of the products generated from Catalyst-sponsored proposals.

The media through which we will reach the Cardano community will include the following list:

Facebook Groups:

https://www.facebook.com/groups/CardanoCommunity 230k member

https://www.facebook.com/groups/cardanoviet 46k member

https://www.facebook.com/groups/cardanoofficial/ 28k member

https://www.facebook.com/groups/329878940817053/ 78k member

https://www.facebook.com/groups/1662483017152373/ 231k member

https://www.facebook.com/groups/1006732599497365/ 12k member

https://www.facebook.com/groups/420913472500457/ 21k member

Telegram:

https://t.me/Cardano 25k member

https://t.me/CatalystCommunityAdvisors 1,5k member

Discord

https://discord.com/invite/TUr9RDU 10k member

[CAPABILITY/ FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability?

The Jaguar team consists of experienced dApp developers from Fund8. This proposal is a model for creating a DAO on dework so we won't have any technical difficulties to implement it.

We have successfully applied for funding at Fund8 and have already completed it so completing this proposal is an easy affair. You can learn more about the proposal we applied for at:

https://cardano.ideascale.com/c/idea/62755

App results generated from recommendations

https://wikicardano.io

(This is a Web3 model where all the community articles about Cardano are stored. There, the community can contribute and edit all the content on it so that the information on it is the most accurate. help newbies understand Cardano from Basic to Advanced)

[CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?

With this project we will have the following main goals:

1. Reach out to members in Cardano to invite them to become members of the DAO organization we founded
2. Setting up the DAO and Workflow
3. Create quests
4. Invite members to participate in the evaluation of the proposal
5. Check out the evaluation results
6. Reward members
7. Summarize evaluation results and publish statistical documents.
8. Reach out to the Cardano community and submit a kit

How to determine the feasibility of a goal

• Resources: I own my own expertise and skills such as organization, planning, communication and marketing expertise, content creation. That is appropriate to accomplish the goals.

• Technical: The goals do not require too much of new technology, so I will not face many difficulties and risks in the process of completing the task.

• Administration: With the experience of operating a 100-person enterprise, I have a lot of knowledge and experience in management. It is extremely important in operating a DAO organization so that it runs smoothly and fulfills the goals that the organization is aiming for.

With the resources and expertise that I have, I believe that the goals can be achieved without too many difficulties.

[CAPABILITY/ FEASIBILITY] 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.

1st month:

• Build operational model and implementation plan
• Create DAO on Dework
• Engage community members to join DAO
• Assign tasks to team members
• Create documentation for members participating in the evaluation of the proposal

2nd month

• Create a list of tasks
• Invite members to participate in the review
• Support members

3rd month

• Support members to evaluate proposals
• Check work results and pay rewards

4rd month

• Aggregate data and publish reports for the Cardano community

[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.

First month:

• Complete DAO creation on Dework
• Set up features
• Invite 50 members to join DAO
• Complete the DAO member guide and do the quest

2nd month:

• Invite 50 more members to join DAO
• Create assessment tasks by category: Apps, media, communities, documents
• Complete 150 recommendations review

3rd month:

• Complete review 315 recommendations
• Aggregation of results and distribution of rewards

4th month:

• Publish a report to the community
• Reach over 10 Cardano communities and submit a review report

[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.

(1). Project management and operation cost: 30$ * 120h = 3,600$

Role:

• Plan, adjust and monitor implementation progress.
• Make monthly report
• Create DAO and set up DAO, operate
• Create quests
• Writing manuals
• Support DAO members to participate in quests
• Summary of evaluation results
• Publication of summary of evaluation results

(2). Review Bonus(565 recommendations): 565*30$=16,950$

Reward members who participate in the evaluation of sponsored proposals

(3). Communication cost: $30*40h = $1,200

Role:

• Marketing and attracting members to join DAO
• Send evaluation reports to the community through communication channels
• Collect community reviews and improve workflow

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Total (1) +(2) + (3) = 22.950$

Total budget in USD: 22.950

Total budget in ADA: 79,000 ADA

[RESOURCES & VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

The cost is determined based on the average working hours for our partnerships in Vietnam and Europe. The community can consult Freelancer.com for the estimated working hours for project management and project operation positions as a reference. We have tried our best to keep costs down to a minimum so that project implementation costs are low.

The value this proposal brings to Cardano

This proposal is intended to provide a comprehensive report on the current state of the products generated from the Catalyst-funded proposals, from Fund1 to Fund9. This is an important, never-before-seen report that demonstrates the results achieved through Catalyst funding. That way, it allows both the community and Catalyst to identify any existing problems and develop solutions to improve the future performance of the Catalyst fund.

Value created from this proposal:

• Provide a complete list of sponsored proposals
• Provides intuitive and easy-to-follow data for assessment
• Support the community, voters, and dRep in identifying effective proposals and working groups. Help make voting decisions more accurate and efficient
• Help Catalyst identify problems to be solved and plan improvements.
• Help the Catalyst fund use its funds more efficiently and the funds go to qualified teams and create real value for the Cardano ecosystem.

[IMPORTANT NOTE] The Applicant agreed to Fund10 rules and also that data in the Submission Form and other data provided by the project team during the course of the project will be publicly available.

I Accept