ADABET.iO | Cardano Betting DApp Platform | Phase 2

[GENERAL] Name and surname of main applicant

Trong Nguyen

[GENERAL] Email address of main applicant

trongnk@gmail.com

Additional applicants

Tuan Nguyen

nguyentuan303@gmail.com

Bao Hoa

baohoa80@gmail.com 

Le Quang Thang

thangle.mi@gmail.com 

ADABoys Lab

cardanoboys@gmail.com

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

11

[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

dApp

[METADATA] SDG rating

Goal 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

Goal 10: Reduce inequality within and among countries. 

#ADABET.iO_App #economic #sustainable #employment

[IMPACT] Please describe your proposed solution.

===== Problem and Solving =====

Current status of sports betting market: 

Every year, transactions from the betting sports market are worth billions of dollars, which is an attractive market and always attracts players around the globe. The business value from this market is increasing while creating jobs for workers and a large number of players. However, this is a risky market for players, frauds from the Bookmaker and reduced rewards, lack of transparency and security for users.

To solve the problems in the traditional betting platform and many gaps, this project will offer solutions based on blockchain technology and apply the outstanding features of Cardano blockchain to solve the problem:

Increase asset ownership and transactions 24/7: 

• With the ADABET.iO platform, customer transactions are made online 24/7 on the Cardano blockchain and do not depend on banks or visa payment gateways like traditional betting platforms.
• The ADABET platform builds on Amazon's powerful enough servers to create stake pools and Cardano full nodes that ensure the fastest access on the Cardano blockchain for customers, which helps to minimize disruption from Cardano- db-sync.
• With the application of WEB3 technology, it will remove the control of assets from the Bookmaker, helping players to keep crypto assets directly on the user's wallet. This is a superior feature compared to traditional sports betting platforms.

Transparency: 

• All betting transactions are recorded on the Cardano blockchain: (rewards, deposits, withdrawals, and betting assets) players can access on the blockchain via the transaction hashes. 
• Based on blockchain technology, on-chain transactions are immutable and the hash code is unique in transactions, so transparency is a top priority for development and application to the project.

Security: 

• Cardano blockchain is operated with thousands of Nodes, each transaction and generated hash code will confirm and agree from many Nodes for that transaction to be successful. This makes the platform more secure, transactions cannot be faked. 
• With Cardano's EUTxO distributed ledger feature combined with smart contracts, transactions are guaranteed to be received and sent (security and integrity of customer assets).

Increase fairness and high reward rate: 

• Limiting the risks when applying WEB3 technology helps financial fairness, self-management of customers' assets when participating on the platform. Reduced transaction fees and higher reward rates than conventional platforms.

Anonymity and privacy:

•  Most players don't want their real-life information to appear on internet entertainment platforms.The ADABET platform does not support transactions from banks or traditional payment instruments. 
• Players are completely anonymous, every transaction is made on the Cardano blockchain, players can view rewards, send, receive from on-chain sources. This is the evidence for the operating platform as well as the place to provide information to customers in the most accurate way.

Image taken from project ADABET.iO Phase 1

===== Solutions applied to the project, engage and demonstrate =====

Continuing from part 1 of the project in Fund9 with completed milestones

(https://docs.google.com/spreadsheets/d/1g19-wJSdcHIL60yb1DMTmMmFV-wJ6G_YgeDZDocCMTs/edit#gid=1672366179)

As the outputs: 

• Completed system design, environment for programmers to develop platform. 
• Complete the graphic design of the UX/UI of ADABET.iO 
• Complete basic functions such as:

+ Bet order, Betting. 

+ Pay bonuses to players. 

+ List of matches. 

+ Inplay function. 

+ Statistics.

+ Betting history.

+ Top up tokens. 

+ Withdraw tokens. 

+ Transfer tokens. 

+ Connect ADA wallet. 

+ Choose your favorite match. 

+ On-chain transactions. 

+ The match is in progress and the match is coming. 

+ Complete connection APIs. 

+ Winning or losing results in betting. 

+ The airdrop function creates events for players. 

+ Profile function, KYC ...

In this phase 2 we will develop new features that appeal to players and outperform the traditional platform while also matching this “Developer Ecosystem - The Evolution” challenge. Specifically, we will develop the following features:

• Pool stake match (Collaborative, Incentivization) During the match period players can participate in betting on a match, the number of bets in that match is displayed, the bet amount is displayed in pool stakes. After the match is over the token is released from the take and divided among the players participating in this game. Players can receive additional bonuses with a certain percentage when winning bets. This is an interesting function that attracts players to join and collaborate on creating pool matches on the platform.
• Swap function allows exchanging rewards from GEM, Point to token, it also swaps between token pairs (GEM/ADA, ABE/ADA, DEJD/ADA, USDT/ADA ..) on the ADABET.iO . platform Players can also swap and transfer tokens to their wallets. This function will be useful and convenient for players when there is no need to trade conversions at Cex exchanges. This is a feature that increases DeFi and tokenization for the platform.
• Features creating ranks for players: For example, ranking VIP, Level for users on the platform. Based on the number of transactions, the number of deposits and withdrawals, the number of assets involved, the number of wins and losses.Scoring and tier formulas will rank player cashback rewards 
• Build APIs and Oracles for necessary platform functions to help communicate data and submit on-chain.
• Add other sports content on the platform (Chess, hockey, rugby, horse racing ...) 
• More game content, Casio joins the platform. 
• Create policies, customer support channels, ADABET community

The impact of the project is proven through the parameters that we aim to: 

• The number of people registered for an account on the ADABET platform 
• The umber of ADA wallets connected or created from algae platform for players 
• The number of bet order and transactions on the Cardano blockchain generated by the platform.
• Feedback is collected and exchanged on ADABET and Cardano community 
• The number of investors holding the project's tokens 
• Amount of ADA, integrated Cardano native tokens and platform exchange 
• The number of pool match games created. 
• The number of token swaps on the platform.

These metrics will demonstrate growth and impact and attract the community of gamblers and crypto enthusiasts to join.The project can go beyond the Cardano community and reach new customers from conventional betting platforms.

We will be publishing these metrics in the Cardano community, project development and challenge teams, and these will also serve as KPIs in this project.

Images and data from the ADABET.iO project.

View on-chain: https://cardanoscan.io/transaction/5a7f804f7145e38adc733c1856eb332aa8c000d40de1344bf5ead26ae517f525

Some of the successes we have achieved earlier in this project:

• On-chain betting has been carried out: The player's bet transaction is submitted on the Cardano block chain.
• The data of match rate, win rate, team name are all recorded on the block chain with the form of metadata of a transaction such as:

{home: Sturt Lionsaway: Adelaide Cometsstart: 2023-07-08 05:30:00market: 1x2odn: 1odv: 1.36bet: 2 ABEhome: West Torrens Birkallaaway: Adelaide Blue Eaglesstart: 2023-07-08 05:30:00market: 1x2odn: xodv: 1.42bet: 2 ABE

home: Para Hills Knightsaway: Port Adelaide Piratesstart: 2023-07-08 05:30:00market: 1x2odn: 2odv: 1.02bet: 2 ABE}

It is the result between off-chain and on-chain that we have successfully built work in user bet orders. It's also a testament to the way of writing on the block chain of a transaction, very clear and transparent, limiting disputes and fraud from bookmarker to players.

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

===== Criteria for solving the challenge =====

Our project is suitable for some challenges in Fund 10 such as “Development & Infrastructure” “Developer Ecosystem - The Evolution”

“Products & Integrations”

However, we decided to choose and focus on solving the challenge in “Developer Ecosystem - The Evolution”

there are criteria that fit our project at this stage:

• DeFi and tokenization
• API's, and Oracles.
• Incentivization structures
• Collaborative structures

ADABET operates on the Cardano platform with the goal of being the first blockchain betting platform in the decentralized financial market and tokenizing real assets for token trading.

In addition to the sports betting platform, we need to build API's for the platform to work, and also call for programmers to participate in providing cooperation or building open API's to allow use.

The platform allows developers and content providers to participate in the implementation of gambling, casino, and poker modules.

It also allows native tokens on the Cardano chain to be added to the platform as a betting currency like the ADA coin. The reward points incentive system, user hierarchy on the platform will be developed to attract players.

===== Impact beyond the project and team to the wider Cardano community =====

The project brings positivity and brings Cardano closer to digital products.

Project as an early example of a betting on the Cardano platform:

• Add value and Cardano blockchain technology
• Enrichment in Cardano's dApp ecosystem
• Attract and create trust for ADA holders. Programmers will believe in what Cardano's technology can do.
• Create benefits for investors who come from the Cardano community.
• Attract potential customers from traditional betting platforms, customers who love betting and cryptocurrencies.
• Generate thousands of on-chain transactions on Cardano

It is true that there will be more added value with this betting platform, The features that the project is developing, as well as releasing to players. ADABET will become a burning and technological platform in the betting industry and can replace traditional betting platforms that rely heavily on cash exchanges and off-chain transactions that are difficult to control with many risks.

We, the development team believe that having chosen the right target to develop this product, we are sure that the application will be an attractive enough choice for users and bring richness to our Cardano dApp ecosystem.

===== Impact after the project is completed: =====

• In addition to making the Cardano ecosystem new and powerful, ADABET will attract crypto-fans and casino enthusiasts to the Cardano community, participate in playing on the platform and holds tokens of the Cardano blockchain.
• With a certain number of users maintained on this plaform. Because the content of betting, matches with sports takes place continuously, the number of transactions on Cardano is very large and continuous.
• The combination of web3 and mobile app for the betting platform built on the Cardano block chain will really attract and interest the community and traditional bookmakers.
• Attract developers from other blockchain platforms to Cardano for product development.
• With a good enough marketing strategy, we expect the project to bring up to 1000+ registered users and generate tens of thousands of transactions on Cardano in 3-6 months after its release.

Currently in the development process up to this point the platform has received 100 registered users and hundreds of betting transactions submitted to the Cardano blockchain.

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

We create a completely new betting platform based on the Cardano blockchain combined with the special features of WEB3. Our expectation is to make the ADABET platform truly decentralized, and the assets of users get integrity on the blockchain. This platform will bring the property ownership experience to players, and the right to preserve the identity of bettors, it is really useful on a betting platform that needs to ensure the highest reputation. In the future, the development team is ambitious: the ADABET platform has the ability to replace the current betting platforms.

It is certain that Cardano blockchain technology applied with a betting platform is an outstanding advantage, it combines web3, dApp. This will help expand the number of users as well as the number of people interested in Cardano's dApps.

When the project enters the marketing and release phase, we believe that many investors will be interested, and especially with the betting community, it is a worthy betting platform to experience development based on blockchain technology.

Make sure the benefits to the user, Cardano community are defined as:

• This is the first project on sports betting written on the Cardano platform, contributing to the richness of dApps in the Cardano ecosystem.
• Safe and secure assets on Cardano blockchain build up on ADABET dApp platform.
• Transaction identity is completely confidential.
• The benefits of decentralization and community self-governance and support together.
• Fast deposit and low fee asset transactions based on Cardano blockchain transactions, customers only wait a few seconds for the transaction to complete.
• The success of ADABET dApp platform is to provide the best user experience, both in terms of technology, convenience, and asset safety.

The KPIs for the project to go straight to solving the problem are:

• The number of transactions extracted and statistics from ADA holders in ADABET platform. 
• The number of accounts registered in ADABET. 
• The number of regular players on the platform. 
• The number of tokens $ABE released and investors. 
• The number of wallets that integrate and connect to the platform. 
• The number of agents registered in ADABET platforms. 
• The number of assets of users deposit in the platform.
• The number of developers participating in contributing APIs
• The number of games created.
• The number different types of native tokens are added in the platform like ADA, DJED, ABE, COTI...
• The number of tokens to be swapped in the platform.
• The number of matches listed on the platform.
• The number of active users by monthly, daily.

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

Share output & Business plans:

• When the project is completed, the ADABET.iO dApp will be distributed for free on the Cardano community. Anyone can register to play on the platform, deposit and withdraw money on their wallet. Developers can consult and take advantage of the APIs source code on the project's GitHub.

• In the immediate future, we focus on the customer base including ADA holders, Cardano Native tokens and sports betting lovers.These are customers who are related to the target users of the product as well as knowledgeable about the product, we will not spend a lot of resources to train users.

• Betting transactions will generate fees on the platform, the profits from the product will be distributed as (25% of the cost of operating the App, system, server and salary), (45% Regeneration into the ecosystem of products such as rewards, cashback, creating new games on the App for players), (10% Create events, marketing costs and airdrops for the community), (20% Create a risk reserve fund for products: security costs, customer compensation, errors, hacked).

• In addition, we also build tokens and design a tokenomic for a specific platform's activities distributed and sale plan as follows:

ABE token Policy ID: acc37b7ef2b3bb7855a7ba66ad3a242771092463e184d26f63217208

GEM token Policy ID: 4d0f8074126d4adf93bdcf13c88ea25e25eb002d681e4d0d9e554f12

Marketing plan:

• Build marketing content: Create marketing campaigns, create events for players such as token airdop, ISPO for the Cardano community who hold and staking ADA. Link and accompany with real sports events happening like Soccer, Basketball, Tennis, Racking, Golf, MMA .. (WorldCup2026, Euro2024 and national tournaments). Create videos to guide players and share benefits with the community.
• We reach out and promote to customers via Twitter, Facebook, TikTok channels and communities of betting players, communities of crypto lovers and blockchain technology experiences.
• We open online AMA sessions with the community to share information about our products. Train or hire regular media KOLs for this dApp.
• We believe that with each methodically implemented and communicate content, the ADABET betting platform will be interested and invested by many people, and it will be a new thing to replace the current betting platforms.

Community building plan:

• Build ADABET's own communities, which are regular users and exchanges when using the App.
• Currently we have a community of nearly 10K followers on Twitter https://twitter.com/ADABET_iO and Telegram https://t.me/adabetdapp we will continue to build community on Discord, Youtube..

Furthermore:

• It is certain that the ecosystem as well as ADA holders will benefit from this project, especially we always have an airdrop program for the Cardano community and players on the homepage. https://www.adabet.io/airdrop-event/highlight
• You can see more product videos highlight here: https://bit.ly/3OeMPus

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

===== Experience and capacity in project implementation =====

We are IT experts, software engineer with 17years+ startups in the field of Mobile App, Mobile Game and internet entertainment content. Our team also has experts in Security, Cloud computing, AI, Blockchain. Besides, there is cooperation with online digital marketing partners.

Our team has worked together for many years, so there is a high degree of consistency and harmony, so the fluctuation in personnel is minimized. In addition, we always recruit people who are passionate about developing and learning Cardano technology to the project team.

I have over 3 years working on Cardano and Catalyst funded projects in F7, F8, F9 having completed projects delivered along with projects in development and achieved milestones. Experiencing roles in the funding process for a project such as SPO, CA, PA, Proposer, I have experience and appraisal of projects in catalyst. As a project owner, I have extensive experience and confidence in managing finances, project schedule and personnel for a successful project.

Proposer funded in F7, F8, F9 (ADABET.iO | Sports Betting DApp https://cardano.ideascale.com/c/idea/63786, IronSky game P2E (https://cardano.ideascale.com/c/idea/60944), cBlling Cardano DApp(https://cardano.ideascale.com/c/idea/62678), Bwork) proposals

===== Financial management process =====

• We have an excel file with the list and information of employees.
• A monthly employee salary sheet.
• One Clickup account to manage employee's tasks.
• A breakdown of the employee's roles and qualifications and experience.
• An overview of the costs of the project

Every time there is a payment or receipt of funds we will record it on the balance sheet.

Employees will be paid on a fixed day of the month based on completed work + role + responsibility + experience + bonus.

The financial management of revenue and expenditure with each incident helps us control the cash flow to adjust the project plan to ensure development.

[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 project and in this phase 2:

• Build fully functional for a betting platform dApp on Cardano. To achieve this we need to gradually improve individual functions and we have achieved some of them since phase 1 of the project.

Goals for the first 6 months when the project is released:

• Achieved ~2000 account registrations for the first 6 months
• Reach the number of daily active user about 350~ people
• Number of wallets connected to the system ~1000
• Number of bets and transactions 20000~
• Total transaction value ~1M in ADA
• Number of members in the ADABET community 30K~

These are important goals for the project to determine initial success and confidence to develop over time. In the future, it will attract users and replace the traditional platform.

[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 project’s milestones and each of the main tasks =====

Milestone 1:

The goals at this milestone are: Build backend and design functionality

Tasks:

• Design graphical interfaces, UX/UI for functions and layouts.
• Design pools match predict function for players to participate in the role of ownership shares and share benefits.
• Build betting formulas and algorithms for betting content.
• Build formulas for calculating bonus points, leveling the player's level.
• Design database and create data tables for new functions.

Resources: (In this section the teams involved in development: UX/UI, front-end, and system team):

• 01 Designer.
• 02 Front-end developers.
• 02 Back-end developers.
• 01 System engineers.
• 01 Project leader.
• 01 Project manager.

Time delivery: 2 months

Cost to achieve: 20% (59,677 ADA)

Milestone 2:

The goals at this milestone are: Build APIs and implement functionality of the platform

Tasks:

• Build APIs for new sports content added to the platform. (Like APIs for chess, horse racing, rugby, hockey, etc.)
• Build APIs for token swap functionality in the platform.(Token pairs and pools in the platform)
• Implement token swap function on the platform.
• Implement transaction history.
• Implement add token function, allow native token deposit and make liquidity pool.

Resources: (In this section the teams involved in development: UX/UI, front-end, and system team):

• 01 Designer.
• 02 Front-end developers.
• 02 Back-end developers.
• 01 System engineers.
• 01 Project leader.
• 01 Project manager.

Time delivery: 3 months

Cost to achieve: 25% (74,596 ADA)

Milestone 3:

The goals at this milestone are: Implement and develop functions

Task:

• Coding the functions designed in previous milestone.
• Execute the calculation formulas built in milestone 1 and testing.
• Implement pool match predict function.
• Frontend programming, connecting APIs: Bringing designed content to the platform website.
• Test the functions programmed in the Pre-Product environment.

Resources: (In this section the teams involved in development: UX/UI, frontend, backend, system, QA QC and blockchain technical team):

• 01 Tester.
• 02 Front-end developers.
• 02 Back-end developers.
• 02 Blockchain developers.
• 01 Project leader.
• 01 Projects manager.

Time delivery: 3 months

Cost to achieve: 25% (74,596 ADA)

Milestone 4:

The goals at this milestone are: Complete functions and build to Main-net

Task:

• Build the Product environment (Move the project's servers in the develop environment to the main-net environment)
• Fix potential errors in product QA and QC process before posting to Main-Net
• Promote the community, players experience new features
• Coding the final items to perfect the product.
• Submit the product to the Main-net environment.

Resources: (In this section the teams involved in development: QA QC, Marketing, frontend, backend, system, and blockchain technical team):

• 01 Tester.
• 02 Front-end developers.
• 01 Back-end developers.
• 02 Blockchain developers.
• 01 System engineers.
• 01 Project leader.
• 01 Projects manager.

Time delivery: 2 months

Cost to achieve: 20% (59,677 ADA)

Milestone Final:

The goals at this milestone are: Deliver the product and receive feedback

Task:

• Bring the product to the community and reach out to test users.
• Receive feedback from customers and improve products
• Create manuals for players.
• Create events for products to promote new features of the platform.
• Product packaging and delivery with the first complete version.
• Promote and market products, find investors.

Resources: (In this section the teams involved in development: QA QC, frontend, backend, system, and blockchain technical team):

• 01 Tester.
• 01 Marketing.
• 02 Front-end developers.
• 01 Back-end developers.
• 01 System engineers.
• 01 Project leader.
• 01 Projects manager.

Time delivery: 1 month

Cost to achieve: 10% (29,838 ADA)

===== Overall projects management approach.and indicators =====

For this project, we use the SCRUM model. In order to manage and track the progress of ADABET dApp development, we have divided specific and clear roles the project participants.

Simply put, the process we apply to ADABET development is explained as follows:

Organization: Organize project team and Roles

▪ Proposal Owner

▪ Project management (Coordinator )

▪ Development Team

Document (Artifacts): Outputs

▪ ADABET dApp platform products (List of product development functions)

▪ ADABET dApp platform tasks (List of functions to be developed for each stage)

▪ Estimation (The team's estimated result)

Process: Specifies how the project will operate

▪ ADABET dApp platform: Planning meeting (Meeting to plan for each phase)

▪ ADABET dApp platform: Review (Meeting to summarize for each phase)

▪ Daily ADABET dApp platform: Meeting (Daily review meeting)

The Proposal Owner is the person who owns the product, who decides what functions the product has who decides on the ADABET Backlog, and will be a part of the software development process.

The project manager is the person who ensures that the project's processes are implemented correctly and smoothly, helping the Team to do the best product development work.

Development Team

A team of ~10 software engineers (ADAboys LAB) is responsible for product development. The project team works with the Proposal Owner to decide what to do in this ADABET (phase) and what the results will be. At the same time, the group also discussed coming up with solutions, estimated the time to perform the work, and met to evaluate the work results. If the project is large, we will divide it into small projects.

Besides, we monitor the development of the project through indicators such as:

• The number of tasks completed in the project.
• The number of functions of programmed platforms.
• The number of accounts registered to the ADABET platform.
• The number of people participating in ADABET's community channels.
• The number of ADA wallets connected to the platform.
• The number of APIs developed.
• The number of completed graphics designs.

With such a tight and dynamic software development process, we always ensure the progress of the project as well as anticipate problems. Together with the above recognizable metrics by numbers, we believe the project will be successful.

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

Milestone 1:

Deliverables:

• Complete graphic designs including user interface design, layout design and detailed fonts and colors for the ADABET dApp platform.
• Complete formulas and algorithms for new functions: (swap tokens, reward points for players, mechanisms and level, vip ranks for users.
• Complete design software of new functions and content for ADABET dApp.
• Complete design of databases and create data tables.

Out puts and Intended outcomes:

• Source code (submit in the gitHub).
• Design document in Figma file.

Milestone 2:

Deliverables:

• Finish building APIs for sports content added to the platform.
• Complete build APIs to develop new features on ADABET platform.
• Complete token swap function (backend, frontend, and blockchain coding).
• Complete transaction history function on the platform.
• Complete integration of Cardano native tokens into the platform.

Out puts and Intended outcomes:

• Prototype of ADABET dApp platform
• Source code (submit in the gitHub).
• Design document in Figma file.

Milestone 3:

Deliverables:

• Complete the coding of the fronted functions of the design given in milestone 1.
• Complete pool match predict function.
• Complete testing of coded functions.
• Complete the build on the platform's Pre-Product environment.
• Complete testing and connect programmed APIs.

Out puts and Intended outcomes:

• Release of mini MVP version of ADABET dApp platform. 
• Source code (submit in the gitHub).
• Design document in Figma file.
• Related file and documents such as manuals, technical descriptions.

Milestone 4:

Deliverables:

• Complete the construction of the product environment for the ADABET platform.
• Complete testing and bug fixes in test version.
• Complete UI editing.
• Create a campaign throughout to promote product trial for the community to participate in the experience.
• Completed the product to the Main-net environment.

Out puts and Intended outcomes:

• Submit Product version of ADABET dApp platform. 
• Source code (submit in the gitHub).
• Related file and documents such as manuals, technical descriptions.

Milestone Final:

Deliverables:

• Release ADABET dApp platform version 1.0 up to Main-net environment. 
• Reach community of ADABET and Cardano community. 
• Improved functionality of ADABET dApp. 

Out puts and Intended outcomes:

• All functions is release in the ADABET website
• Source code (submit in the gitHub).
• Related file and documents such as manuals, technical descriptions.
• Community groups, social network of ADABET.

To track your project's progress:

• After each milestone is completed we will post an announcement on the project homepage and also release all functions of platform https://adabet.io 
• Documents are posted on the project's GitHub(https://github.com/adaboys/adabet) and shared with the community. 
• Design documents, graphics, and tasks are reported monthly.
• We are going to take screenshot, record video displaying output functionality of this milestone, and our announcements on channels:

https://t.me/adabetdapp or everyone can join our telegram group and check that.

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

===== FUND 10 Detail budget breakdown of the proposed work and resources =====

System Design:

Tasks: (Design server and network infrastructure for ADABET platform to operate, Server system, network, security, cloud services ..)

        ~ 80h x ($55/h) = 4,400

Graphics Design:

Tasks: (Design UX/UI of App & Web, collaborate with frontend team to complete graphical interfaces for ADABET applications)

        ~ 200h x ($45/h) = 9,000

Web Front End:

Tasks: (App Functions, Admin page, Plugin coding, Templates build, UI coding in conjunction with Design, Backend, and QA teams to perfect the product)

        ~ 230h x ($55/h) = 12,650

Web System Backend Dev:

Tasks: (Coding API, Database query, monitoring, backup system, cooperating with dev team and blockchain developer to provide available APIs)

        ~ 240h x ($55/h) = 13,200

Blockchain developer:

Tasks: (Build a Cardano node server, Cardano-db-sync, design and add native tokens in the platform, We3, wallet integrate, Analysis transaction logs, Integrate Cardano blockchain to the dApp..)

        ~240 x ($70/h) = 16,800

QA & Testing dApp:

Tasks: (Testnet dApp, App functions testing, unit testing, security testing, collaborating with Dev teams to fix bugs and finalize the product)

        ~ 150 x ($40/h) = 6,000

Marketing: 

Tasks (Promote product promotion, build community, cooperate, find investor partners, develop the market for products, create events for introduction to end-users)

~ 140 x ($50/h) = 7,000

Hardware: (API servers, WebServers, node Cardano servers, database servers, storage, cloud services..)

        ~ 2servers x 300$x 6 months = 3,600

Risk management:

Due to labor market fluctuations affecting project resources, and fluctuations in the cryptocurrency market, we set aside a budget for this risk of 15% of the project.

~ 72,650 x 15% = 10,897

Tax(10%) now 0% by support from our government for entertainment content & IT StartUp.

Total budget request: $83,548

Total budget request in ADA : 298,384 ADA

Average exchange rate in the first week July: ADA/USD 0.28

specifically, see this link of ours: https://bit.ly/3XZWmsz

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

Some of the data report how much competition we use for human resources significantly reduces the cost of the project with our experienced software engineers.

*Report from the end of 2021 but still valid for the HR market.

We have gathered software engineers with many years of experience and working in many different countries such as Japan, US, Vietnam to participate in projects on Cardano blockchain.

Especially with the experience of researching and building real projects on Cardano from F7,8,9, we can reduce development time and take advantage of available resources to develop this project as well as many other projects on the Cardano.

With 3 years of continuous work in the Cardano ecosystem, our team has gone through a lot of difficulties, both success and failure, finally overcoming those challenges in both technology and crypto market, we still present here and always persistent with the goal of building up the Cardano ecosystem.

The stamina to develop projects on blockchain is great, fortunately our team has overcome the difficult times to accomplish the project goals.

With our experience and passion for blockchain, we have a reasonable cost to ensure payment for the items in the project, the project will be developed continuously and bring the product to market. Our main goal is to attract investors to join Cardano through this project. It is certain that thousands of transactions on Cardano will be generated from the ADABET.iO Apps project.

In addition, the project brings jobs and creates opportunities to research Cardano technology for new programmers who want to join.

Above all, we are very grateful to the Catalyst community, ADA holders will support and voting this project to build up a richer Cardano dApp ecosystem together.

Thank you so much!!<3

[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