Green DAO: Empowering Sustainable Initiatives on the Cardano Blockchain

[GENERAL] Name and surname of main applicant

Nicolas German Liu

[GENERAL] Email address of main applicant

nicolas19981114@gmail.com

Additional applicants

Kevin:

Has a great deal of experience in hosting environmental events and projects, having taken some courses in circular economy and green economy. He also has extensive knowledge and involvement in the Cardano community and ecosystem. In this project, he is responsible for promoting the holding of offline activities to ensure that relevant activities can be carried out smoothly, collating and reporting the results of the activities.

Yang:

My journey into environmental activism began during my college years, when I became deeply involved with our campus' Environmental Club. We organized tree-planting events, beach cleanups, and seminars on sustainable living, which allowed me to gain substantial knowledge and experience in the field of environmental conservation.

Post-graduation, I joined the Green Earth Organization, a non-profit aimed at promoting sustainable practices and reducing the harmful effects of climate change. I played a key role in coordinating events and campaigns, reaching out to schools, corporations, and local communities to spread awareness about the urgency of adopting sustainable practices.

In addition, I had the opportunity to work with uCup NTU, we cooperated with stores in our college so that consumers can rent eco-friendly cups from us. Thousands of people have used our service so far, and there will be volunteers who will continue to carry out this service in our university in the future.

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

12

[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.” .

“No dependencies.”

[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.”

Project will be fully open source.

[METADATA] Category of proposal

DAO

[METADATA] SDG rating

The Green DAO project aligns with several United Nations Sustainable Development Goals (SDGs). Here are the relevant SDGs and sub-goals that the project addresses:

1. SDG 7: Affordable and Clean Energy

• Sub-goal 7.2: Increase the share of renewable energy in the global energy mix.
• Sub-goal 7.3: Double the global rate of improvement in energy efficiency.

1. SDG 9: Industry, Innovation, and Infrastructure

• Sub-goal 9.4: Upgrade infrastructure and retrofit industries to make them sustainable.
• Sub-goal 9.5: Enhance scientific research and promote innovation.

1. SDG 12: Responsible Consumption and Production

• Sub-goal 12.2: Achieve sustainable management and efficient use of natural resources.
• Sub-goal 12.5: Substantially reduce waste generation through prevention, reduction, recycling, and reuse.

1. SDG 13: Climate Action

• Sub-goal 13.2: Integrate climate change measures into national policies, strategies, and planning.
• Sub-goal 13.3: Improve education, awareness, and capacity on climate change mitigation and adaptation.

1. SDG 15: Life on Land

• Sub-goal 15.2: Promote sustainable forest management, halt deforestation, restore degraded land, and reduce biodiversity loss.
• Sub-goal 15.5: Take urgent action to combat desertification, restore degraded land, and soil.

By supporting sustainable projects and promoting environmental awareness, the Green DAO project contributes to these SDGs and their respective sub-goals. The project aims to address environmental challenges, foster sustainable development, and drive positive change in line with the global sustainability agenda.

[IMPACT] Please describe your proposed solution.

Environmental Conservation and Sustainability: The Green DAO will support and accelerate the development of sustainable projects, leading to positive environmental outcomes such as reduced carbon emissions, conservation of natural resources, and promotion of eco-friendly practices.

Community Empowerment: By providing funding, mentorship, and resources, the Green DAO will empower individuals and organizations to turn their sustainability ideas into impactful projects, fostering a sense of ownership and community engagement.

Global Collaboration: Through partnerships and knowledge sharing, the Green DAO will facilitate collaboration among diverse stakeholders, enabling the exchange of ideas, best practices, and innovative solutions for addressing environmental challenges on a global scale.

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

1. Environmental Impact: By supporting and funding sustainable initiatives, the Green DAO will contribute to environmental conservation and sustainability. Projects focused on renewable energy, conservation efforts, eco-friendly technologies, and sustainable agriculture will lead to reduced carbon emissions, conservation of natural resources, and the adoption of eco-friendly practices. This will have a direct positive impact on the environment and help Cardano ecosystem align with global sustainability goals.
2. Community Empowerment: The Green DAO will empower individuals and organizations by providing them with funding, mentorship, and resources to turn their sustainability ideas into impactful projects. This will foster a sense of ownership and community engagement within the Cardano ecosystem. The Green DAO will enable passionate individuals to contribute to sustainability efforts and make a meaningful difference, thereby strengthening and expanding the Cardano community.
3. Collaboration and Knowledge Sharing: The Green DAO aims to foster global collaboration among diverse stakeholders, including individuals, organizations, academic institutions, and industry experts. By establishing partnerships and facilitating knowledge sharing, the Green DAO will encourage the exchange of ideas, best practices, and innovative solutions for addressing environmental challenges. This collaboration will contribute to the growth and development of the Cardano ecosystem and position it as a hub for sustainable initiatives.
4. Promoting Blockchain Technology: The Green DAO project will raise awareness about the potential of blockchain technology in driving sustainability. By utilizing the secure and sustainable infrastructure of the Cardano blockchain, the project showcases the real-world applications and benefits of blockchain beyond cryptocurrencies. This will enhance the reputation and credibility of the Cardano ecosystem, attracting more developers, investors, and stakeholders interested in sustainable solutions.
5. Transparency and Accountability: Through the use of smart contracts and transparent governance mechanisms, the Green DAO ensures accountability and transparency in decision-making and fund allocation processes. This promotes trust within the Cardano ecosystem, as participants can verify the allocation of resources and track the progress and impact of funded projects. The Green DAO's commitment to transparency and accountability sets a positive example for other projects within the Cardano ecosystem.

Overall, the Green DAO's focus on sustainability, community empowerment, collaboration, and transparent governance brings numerous benefits to the Cardano ecosystem. It positions Cardano as a blockchain platform that not only provides secure and scalable infrastructure but also actively supports and promotes sustainable initiatives, making it an attractive choice for individuals and organizations passionate about sustainability. This can lead to increased adoption, community engagement, and overall growth of the Cardano ecosystem.

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

Measuring the success of the Green DAO project can be done through a combination of quantitative and qualitative metrics. Here are some potential metrics to consider:

1. Number of Supported Projects: Measure the number of sustainable projects and initiatives that receive funding and support from the Green DAO. This metric reflects the project's ability to attract and select impactful projects within the Cardano ecosystem.
2. Environmental Impact: Assess the environmental impact of supported projects by measuring metrics such as carbon emissions reduction, energy savings, waste reduction, or land conservation. This data can be collected from project reports and verified through third-party assessments or audits.
3. Community Engagement: Measure the level of community engagement within the Cardano ecosystem, including the number of active participants, contributions to discussions, attendance at events, and engagement with educational resources. Surveys or feedback mechanisms can provide qualitative insights into the satisfaction and involvement of the community.
4. Partnerships and Collaborations: Track the number and quality of partnerships established with sustainable organizations, academic institutions, and industry experts. This demonstrates the project's ability to attract external stakeholders and leverage their expertise and resources.
5. Financial Sustainability: Evaluate the financial sustainability of the Green DAO by monitoring the utilization of funds, the success of funded projects, and the ability to secure additional funding or attract investments. This metric reflects the long-term viability of the project and its potential for growth.
6. Perception and Reputation: Assess the perception and reputation of the Green DAO within the Cardano ecosystem through user surveys, feedback, and sentiment analysis. This qualitative data provides insights into the project's impact on stakeholders' perceptions of Cardano and its commitment to sustainability.

To ensure the realism of these measures, it is crucial to establish a robust monitoring and evaluation framework from the beginning of the project. This includes setting clear goals and targets, implementing data collection mechanisms, and regularly analyzing and reporting on the collected data.

In terms of the project's impact on Cardano's productivity and growth, the Green DAO can have both short-term and long-term effects:

Short-term Impact:

• Increased awareness and interest in Cardano: The Green DAO's focus on sustainability and blockchain technology can attract attention from individuals and organizations interested in sustainable initiatives, thereby expanding the Cardano community and ecosystem.
• Accelerated project development: By providing funding and resources to sustainable projects, the Green DAO can expedite the development and implementation of innovative solutions within the Cardano ecosystem, leading to increased productivity.

Long-term Impact:

• Enhanced reputation and credibility: The Green DAO's success in supporting impactful sustainable projects will enhance Cardano's reputation as a blockchain platform that actively contributes to addressing global challenges. This can attract more developers, investors, and stakeholders, fostering long-term growth.
• Ecosystem diversification: The Green DAO's support for a diverse range of sustainable projects promotes ecosystem diversification within Cardano. This can lead to the emergence of new applications and use cases, expanding the ecosystem and attracting a broader user base.
• Knowledge sharing and collaboration: The Green DAO's emphasis on community engagement and collaboration can foster a culture of knowledge sharing and collaboration within the Cardano ecosystem. This can lead to the exchange of ideas, innovations, and best practices, fueling further growth and productivity.

Overall, the Green DAO's success in supporting sustainable initiatives and fostering a vibrant community can contribute to Cardano's productivity and growth in the short term and create a strong foundation for long-term sustainability and development.

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

Sharing the outputs and results of the Green DAO project is crucial for maximizing its impact and creating opportunities for further collaboration and development. Here are the plans to disseminate the project's outputs:

1. Regular Reports and Updates: The Green DAO will publish regular reports and updates on its website and other relevant platforms to share the progress, achievements, and challenges of supported projects. These reports will include quantitative data on environmental impact, community engagement, and financial sustainability, along with qualitative insights and success stories.
2. Case Studies and Success Stories: The Green DAO will develop case studies and success stories highlighting the positive outcomes and lessons learned from funded projects. These resources will be shared through various channels, including the project's website, social media platforms, newsletters, and partner organizations, to inspire and educate others in the Cardano ecosystem and beyond.
3. Events and Workshops: The Green DAO will organize events, workshops, and webinars focused on sustainability, blockchain technology, and the project's outcomes. These events will provide a platform for knowledge sharing, collaboration, and networking among stakeholders interested in sustainability and blockchain. They will also serve as an opportunity to present the project's outputs and impact to a wider audience.
4. Partnerships and Collaborations: The Green DAO will actively engage with sustainable organizations, academic institutions, and industry experts as partners. Through these collaborations, the project's outputs and impact will be shared with their networks and communities, extending the reach and visibility of the project.
5. Research and Publication: The results generated from the Green DAO project will be used as valuable insights for further research and development activities. The project team will analyze the data collected, identify trends and best practices, and contribute to the academic and research community by publishing papers, articles, and case studies in relevant journals and conferences. This dissemination of knowledge will stimulate further research and advancements in sustainable blockchain solutions.
6. Open Source Contributions: The Green DAO will actively contribute to the open-source community by sharing relevant code, frameworks, and technical resources. This will enable others to build upon the project's findings, promote collaboration, and accelerate the development of sustainable solutions within the Cardano ecosystem and beyond.

The dissemination of outputs and impact will be done over a reasonable timescale to ensure ongoing engagement and awareness. The project team will continuously update and communicate the progress and results of the Green DAO, ensuring that stakeholders and the wider community are informed about the project's achievements and the opportunities that arise as a result of its completed project.

By effectively sharing the outputs and results of the project, the Green DAO aims to inspire and empower individuals, organizations, and researchers within the Cardano ecosystem and beyond, fostering a collaborative and sustainable approach to blockchain technology and environmental conservation.

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

The Green DAO project is committed to delivering high levels of trust and accountability throughout its implementation. Here are the existing capabilities that demonstrate why the project is well-suited to deliver on its promises:

1. Experience and Expertise: The project team consists of experienced professionals with expertise in blockchain technology, sustainability, project management, and governance. They have a track record of successful project implementations, which instills confidence in their ability to execute the Green DAO project effectively.
2. Transparent Governance Structure: The Green DAO project will establish a transparent governance structure that includes clear decision-making processes, voting mechanisms, and participation guidelines. This ensures that the community has a voice in decision-making, fostering trust and accountability within the project.
3. Smart Contract Implementation: The use of smart contracts on the Cardano blockchain ensures transparency and immutability in fund allocation and management. Smart contracts can be audited, and their execution can be verified by the community, ensuring that funds are managed according to predefined rules and without the possibility of tampering.
4. Proposal Evaluation and Selection Process: The Green DAO will implement a robust evaluation process for project proposals, including criteria for feasibility, impact, and alignment with sustainability goals. This process will involve a thorough review by domain experts and the community, ensuring fair and unbiased selection of projects that meet the project's objectives.
5. Transparent Fund Allocation: The Green DAO will establish a transparent and fair process for allocating funds to approved proposals. This process will consider community voting, project impact, and financial sustainability. The allocation of funds will be publicly recorded on the blockchain, providing transparency and accountability to the community.
6. Regular Reporting and Audits: The Green DAO will conduct regular audits of smart contracts, financial transactions, and project outcomes to ensure transparency and accuracy. The project will publish reports and updates on its website and other platforms, providing stakeholders with clear insights into the utilization of funds and the progress of supported projects.
7. Collaboration with External Auditors: The Green DAO will collaborate with external auditors and blockchain experts to verify the integrity and reliability of its operations. This independent verification adds an extra layer of trust and ensures that funds are managed properly.
8. Community Oversight: The active involvement of the community in decision-making, voting, and project evaluation processes ensures that the Green DAO is accountable to its stakeholders. The community acts as a collective watchdog, ensuring that funds are managed properly and that the project's objectives and values are upheld.

By implementing these steps and processes, the Green DAO project demonstrates its commitment to trust and accountability. The combination of transparent governance, smart contract technology, rigorous evaluation processes, regular reporting, and community oversight ensures that funds are managed properly and that the project's objectives are achieved with transparency and integrity

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

The main goals of the Green DAO project are as follows:

1. Establish a Decentralized Autonomous Organization (DAO): The goal is to create a governance structure and smart contracts on the Cardano blockchain to enable decentralized decision-making and community participation. The validation of this goal's feasibility can be measured by successfully implementing the governance framework and smart contracts, ensuring their functionality, security, and interoperability with the Cardano blockchain.
2. Support Sustainable Initiatives: The goal is to identify and support a diverse range of sustainable projects and initiatives. The feasibility of this goal can be validated by the successful identification and selection of impactful sustainable projects through a robust evaluation process. Additionally, measuring the number of funded projects, their progress, and their environmental impact will provide evidence of the feasibility and effectiveness of supporting sustainable initiatives.
3. Foster Community Engagement: The goal is to build an active and engaged community passionate about sustainability and blockchain technology. The feasibility of this goal can be validated by measuring the growth of the community, including the number of active participants, contributions to discussions and events, and engagement with educational resources. Additionally, gathering qualitative feedback and opinions from the community about their level of satisfaction and involvement can provide insights into the success of fostering community engagement.
4. Promote Environmental Awareness: The goal is to raise awareness about environmental issues and the potential of blockchain technology in driving sustainability. The feasibility of this goal can be measured through awareness campaigns, the reach and engagement of educational resources, and feedback from participants about their increased knowledge and adoption of sustainable practices.

If the project involves technical aspects or software development, the feasibility of implementing the approach can be validated through the following steps:

1. Technical Architecture and Development: A detailed technical architecture and development plan should be created, outlining the required infrastructure, programming languages, and frameworks. The feasibility can be validated by successfully implementing the planned technical components, including smart contracts on the Cardano blockchain and the necessary infrastructure for the Green DAO.
2. Testing and Auditing: Rigorous testing and auditing should be conducted to ensure the security, functionality, and performance of the technical components. This includes code reviews, security assessments, and stress testing. The feasibility can be validated by passing these tests and obtaining positive feedback from external auditors and experts.
3. Iterative Development: The project should follow an iterative development approach, where feedback from users and stakeholders is incorporated into the development process. This allows for continuous improvement and validation of the technical approach based on real-world usage and feedback.

By validating the feasibility of the goals through the above-mentioned measures and implementing a well-planned technical approach, the Green DAO project can demonstrate its capability to achieve its objectives and deliver on its promises.

[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.

The Green DAO project will be implemented through a series of milestones, each representing a significant stage of progress. Here is a breakdown of the milestones, key activities, expected timeline, success criteria, and projected cost for each milestone:

Milestone 1: Green DAO Formation

• Key Activities:Develop the governance framework and decision-making processes.
• Create and deploy smart contracts on the Cardano blockchain.
• Establish the platform for proposal submission and evaluation.
• Timeline: 2 months
• Success Criteria:Completed governance framework and smart contracts deployed on the Cardano blockchain.
• Operational proposal submission and evaluation platform in place.
• Projected Cost: 20,000 ADA

Milestone 2: Proposal Submission and Evaluation

• Key Activities:Launch the proposal submission platform.
• Implement a robust evaluation process for proposal assessment.
• Engage domain experts and community participation in the evaluation.
• Timeline: 2 months
• Success Criteria:Active proposal submission platform with clear guidelines and criteria.
• Established evaluation process involving domain experts and community voting.
• Projected Cost: 10,000 ADA

Milestone 3: Funding Allocation

• Key Activities:Design a transparent funding mechanism considering community voting and project impact.
• Establish a fair process for allocating funds to approved proposals.
• Develop smart contract functionality for fund allocation.
• Timeline: 3 months
• Success Criteria:Transparent funding mechanism in place, integrating community voting and project impact.
• Functional smart contracts for fund allocation on the Cardano blockchain.
• Projected Cost: 15,000 ADA

Milestone 4: Community Building and Engagement

• Key Activities:Implement community engagement strategies, including events, workshops, and webinars.
• Foster knowledge sharing and collaboration within the community.
• Develop educational resources on sustainability and blockchain technology.
• Timeline: 6 months
• Success Criteria:Active and engaged community with increased participation in events and discussions.
• Positive feedback on educational resources and knowledge sharing activities.
• Projected Cost: 20,000 ADA

Milestone 5: Partnership Development

• Key Activities:Identify and establish partnerships with sustainable organizations and academic institutions.
• Collaborate with other blockchain projects and environmental initiatives.
• Leverage partnerships for expertise and resources.
• Timeline: 4 months
• Success Criteria:Established partnerships with reputable sustainable organizations and academic institutions.
• Active collaboration with other blockchain projects and environmental initiatives.
• Projected Cost: 15,000 ADA

Milestone 6: Tracking and Reporting

• Key Activities:Implement a robust system to track and monitor the progress and impact of funded projects.
• Publish regular reports and updates on the achievements, challenges, and outcomes.
• Conduct audits and verifications of funded projects.
• Timeline: Ongoing
• Success Criteria:Functional tracking system with regular reports and updates published.
• Positive outcomes and impact verified through audits and evaluations.
• Projected Cost: 10,000 ADA

Total Projected Cost: 90,000 ADA

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

Milestone 1: Green DAO Formation

Deliverables:

• Governance framework document outlining the decision-making processes, participation guidelines, and roles within the Green DAO.
• Smart contracts deployed on the Cardano blockchain, enabling decentralized governance and fund allocation.
• Proposal submission platform with clear guidelines and criteria.

Outputs:

• Documentation of the governance framework and smart contracts.
• Operational proposal submission platform.

Intended Outcomes:

• Established governance structure and transparent decision-making processes for the Green DAO.
• Functional smart contracts ensuring transparency and accountability.
• An operational platform for project proposals to be submitted and evaluated.

Measurement:

• Successful deployment of the governance framework and smart contracts.
• Operation of the proposal submission platform.

Milestone 2: Proposal Submission and Evaluation

Deliverables:

• Active proposal submission platform where individuals and organizations can submit their sustainable project proposals.
• Robust evaluation process with clear criteria and guidelines for assessing proposals.
• Engagement of domain experts and community participation in the evaluation.

Outputs:

• Operational proposal submission platform with clear guidelines and criteria.
• Documentation of the evaluation process and criteria.

Intended Outcomes:

• Availability of a platform for individuals and organizations to submit their sustainable project proposals.
• A thorough and fair evaluation process ensuring the selection of impactful projects.
• Active involvement of domain experts and community in the proposal evaluation.

Measurement:

• Number of project proposals received and evaluated.
• Participation and feedback from domain experts and the community in the evaluation process.

Milestone 3: Funding Allocation

Deliverables:

• Transparent funding mechanism integrating community voting and project impact.
• Fair process for allocating funds to approved proposals.
• Functional smart contracts for fund allocation on the Cardano blockchain.

Outputs:

• Documentation of the funding mechanism and allocation process.
• Functional smart contracts for fund allocation.

Intended Outcomes:

• Transparent and accountable funding mechanism for supporting sustainable projects.
• Fair and efficient allocation of funds to approved proposals.
• Utilization of smart contracts for secure and auditable fund allocation.

Measurement:

• Successful implementation of the funding mechanism and allocation process.
• Verified and transparent allocation of funds through smart contracts.

Milestone 4: Community Building and Engagement

Deliverables:

• Community engagement strategies, including events, workshops, and webinars.
• Educational resources on sustainability and blockchain technology.
• Increased participation and engagement of the community in events and discussions.

Outputs:

• Documentation of community engagement strategies.
• Published educational resources on sustainability and blockchain technology.

Intended Outcomes:

• Active and engaged community passionate about sustainability and blockchain.
• Increased knowledge and awareness of sustainability and blockchain technology.
• Higher participation and interaction within community events and discussions.

Measurement:

• Number of community events, workshops, and webinars organized.
• Engagement metrics, such as attendance, feedback, and participation in events.
• Feedback and opinions from the community regarding educational resources and knowledge sharing.

Milestone 5: Partnership Development

Deliverables:

• Partnerships established with sustainable organizations and academic institutions.
• Collaboration with other blockchain projects and environmental initiatives.
• Utilization of expertise and resources from partnerships.

Outputs:

• Documentation of partnerships and collaborations.
• Records of collaborative activities and initiatives.

Intended Outcomes:

• Strong partnerships with reputable sustainable organizations and academic institutions.
• Active collaboration with other blockchain projects and environmental initiatives.
• Leveraging expertise and resources from partnerships to enhance project impact.

Measurement:

• Number and quality of partnerships established.
• Demonstrated collaboration with other blockchain projects and environmental initiatives.
• Utilization of expertise and resources from partnerships in project activities.

Milestone 6: Tracking and Reporting

Deliverables:

• Tracking system to monitor the progress and impact of funded projects.
• Regular reports and updates on the achievements, challenges, and outcomes of supported initiatives.
• Audits and verifications of funded projects.

Outputs:

• Functional tracking system for monitoring project progress and impact.
• Published reports and updates on project achievements, challenges, and outcomes.
• Audit reports and evaluations of funded projects.

Intended Outcomes:

• Transparent monitoring of funded project progress and impact.
• Regular communication of project achievements and challenges to stakeholders.
• Independent verification of funded project outcomes through audits and evaluations.

Measurement:

• Functionality and effectiveness of the tracking system in monitoring project progress.
• Regular publication of reports and updates on project achievements.
• Positive outcomes and impact verified through audits and evaluations of funded projects.

To measure the progress of the project, the following indicators can be tracked:

• Number of project proposals received and evaluated.
• Number of funded projects and their progress.
• Environmental impact metrics, such as carbon emissions reduction or energy savings.
• Community engagement metrics, including participation in events and educational resources.
• Number and quality of partnerships established.
• Financial utilization and sustainability of the project.
• Feedback and opinions from the community and stakeholders on project outcomes.

These indicators will provide insights into the project's progress and success in achieving its intended outcomes.

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

Based on the proposed plan and milestones, here is a detailed budget breakdown for the Green DAO project:

Milestone 1: Green DAO Formation

• Governance framework development: 5,000 ADA
• Smart contract implementation: 10,000 ADA
• Proposal submission platform development: 5,000 ADA

Milestone 2: Proposal Submission and Evaluation

• Proposal submission platform maintenance: 2,000 ADA
• Evaluation process implementation: 5,000 ADA
• Community engagement in evaluation: 3,000 ADA

Milestone 3: Funding Allocation

• Funding mechanism design: 5,000 ADA
• Smart contract optimization: 5,000 ADA
• Fund allocation process implementation: 5,000 ADA

Milestone 4: Community Building and Engagement

• Community engagement events and workshops: 10,000 ADA
• Educational resources development: 5,000 ADA
• Marketing and promotion: 5,000 ADA

Milestone 5: Partnership Development

• Partnership identification and outreach: 5,000 ADA
• Collaboration activities with partners: 5,000 ADA
• Resource utilization from partnerships: 5,000 ADA

Milestone 6: Tracking and Reporting

• Tracking system implementation: 5,000 ADA
• Reporting and documentation: 3,000 ADA
• Audits and verification: 2,000 ADA

Operational Expenses:

• Project management: 5,000 ADA
• Legal and compliance fees: 3,000 ADA
• Marketing and communication: 2,000 ADA

Total Budget: 110,000 ADA

Please note that the budget figures provided are approximate and subject to adjustment based on specific project requirements and market conditions. The budget covers various aspects, including technical development, community engagement, partnership development, reporting, and operational expenses.

The project team will be responsible for managing the allocated funds and ensuring their effective and efficient utilization to achieve the project's objectives. If the cost of the project exceeds the funding request, alternative sources of funding, such as partnerships, grants, or sponsorships, will be explored to bridge the gap.

The budget elements also include resources for publicity, marketing, and community engagement to raise awareness, project management for efficient execution, documentation for transparency and knowledge sharing, and reporting back to the community to keep stakeholders informed about the project's progress and outcomes.

The exact allocation of funds may be adjusted based on the specific needs and priorities at each milestone, ensuring that resources are utilized optimally to deliver the intended results and maximize the value for money.

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

The cost of the Green DAO project represents value for money for the Cardano ecosystem due to the following factors:

1. Impactful Sustainability: The project focuses on supporting and promoting sustainable initiatives, addressing critical environmental challenges. The allocated budget allows for the funding and scaling of impactful projects that contribute to a greener future. The cost is justified by the potential positive environmental outcomes achieved through the supported initiatives.
2. Expertise and Quality: The project team comprises professionals with relevant expertise in blockchain technology, sustainability, and project management. The budget allocation reflects the cost of hiring skilled individuals who can deliver high-quality work and ensure the successful implementation of the project milestones.
3. Market Rates and Industry Standards: The costs associated with the project are determined based on market rates and industry standards. The budget takes into account factors such as salaries, professional services, infrastructure development, community engagement activities, and operational expenses. The project team has conducted research and analysis to ensure that the costs are in line with the average rates and expectations within the industry.
4. Optimal Resource Allocation: The budget breakdown demonstrates a strategic allocation of resources across different project milestones and activities. Each budget element has been carefully considered to ensure efficient resource utilization and maximize the project's impact. The costs are proportionate to the scope of work, level of expertise required, and the expected outcomes of each milestone.
5. Long-term Value: The Green DAO project aims to create a sustainable ecosystem that extends beyond the project duration. The costs associated with community building, partnerships, reporting, and documentation contribute to the long-term value of the project. These activities ensure ongoing engagement, knowledge sharing, and transparency within the Cardano ecosystem, fostering growth and sustainability.

The budget for the project has been determined through careful planning, research, and analysis of the specific needs and requirements of each milestone. It reflects a fair and reasonable allocation of resources to achieve the project's objectives effectively and efficiently. The cost considerations take into account market rates, industry standards, and the potential impact of the project, providing value for money to 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