[MAYZ Protocol] Decentralized Asset Management Infrastructure

[GENERAL] Name and surname of main applicant

Manu Padilla

[GENERAL] Email address of main applicant

manuelpad@gmail.com

Additional applicants

• Agustín Franchella: agustinenada@gmail.com
• Diego Torres: diegotowers@gmail.com
• Federico Ledesma: qfedesq@gmail.com

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

6

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

No

[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

DeFi

[METADATA] SDG rating

SDG goals:

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

Build resilient infrastructure, promote inclusive and sustainable industrialization, and foster innovation

Promote peaceful and inclusive societies for sustainable development, provide access to justice for all, and build effective, accountable, and inclusive institutions at all levels.

Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development.

SDG subgoals:

Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance, and financial services for all

Key Performance Indicator (KPI):

Universal Human Rights Index (UHRI):

#proposertoolsdg

[IMPACT] Please describe your proposed solution.

The primary challenge we are addressing is the complex process of managing a diversified portfolio of native Cardano tokens. The vast number of tokens and a lack of standardized and reliable investment mechanisms make this an arduous task for most cryptocurrency users.

Our approach is guided by the principle of democratizing access to Cardano tokens. We are creating the MAYZ protocol, a Decentralized Finance (DeFi) solution on the Cardano blockchain. MAYZ will provide a platform for users to gain exposure to investment funds consisting of tokens handpicked by experts and analysts. This approach simplifies diversifying a portfolio with Cardano tokens, opening up this investment avenue to a broader audience.

The beneficiaries of this project will be cryptocurrency enthusiasts, new investors looking for an easy way to diversify their holdings in Cardano tokens, and advanced traders interested in exploring new investment mechanisms. This solution is vital to the Cardano ecosystem as it lowers the barrier to entry for investment in native tokens, contributing to the growth and diversity of the Cardano network.

Technically, the MAYZ protocol will be developed as a suite of smart contracts on the Cardano blockchain. Each investment fund within the protocol will be composed of a unique Investment Unit containing different tokens. The composition of the Investment Unit can be modified according to market trends, ensuring optimal performance. An associated utility token, $MAYZ, will grant holders access to certain administrative functionalities.

The protocol will feature an interface accessible through a web portal. Users can invest in the Cardano ecosystem quickly and securely by holding Fund Tokens (FT) in their wallets. There will be mechanisms for acquiring a fund's tokens through the secondary market or by interacting directly with the Fund Contract.

The protocol includes key components such as:

1. Protocol Smart Contract: Forms the backbone of the protocol, handling fund creation and regulating fund contracts.
2. Funds Contracts: Manage individual funds, controlling their composition, tracking underlying assets' performance, and permitting modification of the Investment Unit based on market trends.
3. Commission Contract: A unique system that allows fund managers to earn a commission from the fund's performance.
4. Re-indexing System: Enables adjustments to the composition of the Investment Units responding to market changes, ensuring optimal fund performance.
5. Oracle Integration: Reliable oracles will be integrated for accurate and real-time price feeds for all assets within the protocol.

The $MAYZ token is an essential aspect of the protocol. It is a utility token that also serves as the governance token of the MAYZ protocol. Token holders can influence the protocol's future development and direction through decision-making processes.

Furthermore, we will provide a REST API, granting external platforms easy access to all protocol data and transaction creation capabilities. This feature will be beneficial for outside platforms and our official platform, enabling easy showcasing of funds and attracting users from various portals or websites. The API will also ease integration into diverse ecosystems, increasing the accessibility of our protocol.

Our solution democratizes access to a diverse range of Cardano tokens and benefits all parties in the crypto space, from enthusiasts to seasoned traders. We'll measure our impact by user engagement, diversity of tokens included in funds, and the total value locked in the protocol. By facilitating investment in native Cardano tokens, we aim to contribute to the Cardano network's growth and diversity.

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

By launching the MAYZ protocol, we're establishing a fresh way for Cardano users to invest in, manage, and diversify portfolios of native Cardano tokens.

MAYZ aims to bolster Cardano's DeFi landscape by enabling effortless portfolio diversification within the Cardano ecosystem. The introduction of funds that track Cardano's native tokens provides an integration that significantly improves the end-user experience and gives more investment options. This proposal offers a powerful tool for investors looking to maximize their exposure to the potential of Cardano's native tokens, thereby further driving user interaction and adoption of the Cardano blockchain.

This will definitely be beneficial for Cardano protocols for Defi, Gaming, Metaverse, Oracles, DAOs, and AI.

SingularityNET AGIX

World Mobile Token WMT

AADA LENFI

MELD

NuNet NTX

SNEK

IAGON IAG

Muesliswap MILK

Cornucopias COPI

Minswap MIN

Indigo INDY

VyFinance VYFI

Genius Yield GENS

The Ape Society SOCIETY

Liqwid LQ

Sundae SUNDAE

Flac FLAC

Encoins ENCS

Wing Riders WRT

Charlie 3 C3

NMaker NMKR

Clay Mates CLAY

The MAYZ protocol is not just an innovative product; it also serves as a broad integration within the Cardano ecosystem. Its REST API enables easy access and transaction creation capabilities for external platforms, effectively opening avenues for more integrations and products to come alive. This open access allows for more seamless and connected experiences between different products within the ecosystem.

We anticipate that our project will considerably strengthen Cardano's ecosystem by attracting new users and increasing usage. As an investment tool, the MAYZ protocol is designed to draw a broad array of participants, from curious beginners to seasoned investors. By democratizing access to a diverse range of Cardano tokens, we predict that we can bring a considerable number of users to the Cardano ecosystem.

Beyond the sheer numbers, MAYZ's proposed value also lies in enhancing Cardano's DeFi offering. By filling the gap in index funds for native tokens, we're addressing a key problem in the Cardano ecosystem and strengthening its infrastructure. This solution will improve user experience, foster innovation, and contribute to the wider adoption of Cardano.

Our success will be gauged by tangible metrics such as the total value locked in the protocol, number of active daily, weekly, and monthly users, diversity of tokens included in the funds, and the number of third-party integrations using our API. We're confident that the introduction of MAYZ will help enrich Cardano's ecosystem with a novel use case and facilitate a more connected experience across its landscape.

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

The success of the MAYZ protocol will be gauged through a combination of quantitative and qualitative metrics that reflect both short-term outcomes and long-term impacts.

In the short term, we'll track tangible metrics such as:

1. Total Value Locked (TVL): As a DeFi project, TVL is a crucial measure of the capital efficiency, and the trust users place in our protocol.
2. User Base: We'll monitor the growth in the number of users actively investing and managing portfolios through MAYZ.
3. Diversity of Tokens in Funds: A measure of the variety of Cardano native tokens included in our index funds, indicating the level of ecosystem coverage.
4. A number of Third-Party Integrations: This assesses the usage and relevance of our open REST API.

We believe these measures are realistic as they align with our product's nature and the DeFi usage trends. We're offering a needed solution within the Cardano ecosystem, which we anticipate will be rapidly adopted by a growing audience.

In the long term, we aim to enhance Cardano's DeFi ecosystem and bring a wider adoption. To measure this, we'll focus on:

1. Market Position: Success would be marked by MAYZ becoming a go-to platform for diversified investment in Cardano native tokens.
2. Community Engagement: We'll monitor user feedback and engage with the community to improve and evolve the protocol.
3. Influence on Cardano Ecosystem: We'll examine the impact of our protocol on Cardano's DeFi landscape.

The innovation brought by the MAYZ Protocol is designed to stimulate Cardano's growth by attracting more users to the ecosystem and enhancing the user experience. By offering a reliable and accessible investment solution, we expect to drive increased usage and transaction volumes on Cardano, contributing to its productivity and growth.

Qualitative feedback from our users will also be important to ensure we are meeting the needs of the Cardano community and providing a valued service. We plan to continuously iterate and improve our offering based on the input from our user base, ensuring that the MAYZ protocol remains relevant and valuable in the long term.

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

We have a comprehensive plan to share the outputs and results of the MAYZ project with our community, the Cardano ecosystem, and the wider blockchain industry.

1. Updates: As grateful recipients of funding, we plan to provide regular updates on the progress of the project through all designated channels. These updates will include technical development milestones, user growth metrics, partnerships, and integrations, as well as any challenges encountered and the measures taken to address them.
2. MAYZ Community and Token Holders: Our early supporters are crucial to the success of the project. We will maintain active communication with them through our community channels, such as Discord, Telegram, and Twitter. Regular updates, Q&A sessions, and interactive discussions will be conducted to keep them informed and involved in the project's progress. As our project develops, we anticipate our community will grow, and we will continually engage with them in transparent and meaningful ways.
3. Online Events and Presentations: We plan to host regular live events, such as AMAs (Ask Me Anything), technical deep dives, and feature demonstrations. These events will be conducted on platforms such as Twitter Spaces or YouTube Live. They will not only serve to update the community but also provide educational content on the functionalities and advantages of the MAYZ protocol.
4. Integration Partners: We will maintain close communication with the platforms and services integrating with the MAYZ protocol, ensuring they are well informed of any updates, new features, or potential issues.

In terms of using the results generated from the project, we will apply these insights to continually refine and improve the MAYZ protocol. Data on user behavior, transaction patterns, and fund performance will help guide our development efforts and strategy. We aim to create a protocol that truly meets the needs of the Cardano community and to do that, we will rely heavily on the results and feedback generated from our project.

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

Our team brings together a wealth of experience and a proven track record in delivering high-impact projects within the Cardano ecosystem.

1. Proven Track Record: Our team has previously been granted and successfully completed projects within the Cardano ecosystem, demonstrating our commitment and capability to deliver on our promises.
2. Experienced Developers: Our team includes developers who have deployed and maintained smart contracts on Cardano's mainnet. This hands-on experience ensures that we have the technical expertise and knowledge required to implement the proposed solutions.
3. Financial Management Experience: Key members of our team have been involved in the RATS DAO, where they successfully managed hundreds of thousands in funds on behalf of the community and the DAO. This experience showcases our ability to handle financial resources responsibly and transparently.
4. Clear Project Management Processes: We utilize standard project management tools and methodologies to keep track of project progress, risks, and issues. Regular updates will be shared with the community to ensure transparency and accountability.
5. Internal Audits and Quality Control: We are committed to conducting regular internal and quality control checks to ensure that funds are properly managed and the project is progressing as planned.

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

The main goals for the MAYZ protocol are as follows:

1. Increase Diversity and Accessibility of Investment in Cardano Ecosystem: We aim to provide a platform for users to easily create, manage, and invest in diversified portfolios of Cardano native tokens. The goal is not just about providing investment opportunities but also about supporting the growth and development of projects within the Cardano ecosystem.
2. Establish MAYZ as a Trusted DeFi Platform on Cardano: We aim to make MAYZ a leading DeFi protocol in the Cardano ecosystem, known for its security, usability, and community-driven development.
3. Promote Integration and Interoperability: By offering an open REST API, we aim to facilitate easy integration of the MAYZ protocol with other platforms and services, thereby increasing its utility and relevance.
4. Foster a Vibrant Community of Users and Contributors: We aim to create a strong community around the MAYZ protocol, engaging users and other stakeholders in decision-making, feedback, and continual improvement of the protocol.

The feasibility and success of these goals will be validated using a combination of quantitative metrics and qualitative feedback:

1. Diversity and Accessibility of Investment: We will track the Total Value Locked (TVL), the number of different tokens included in the funds, and the number of users investing in and managing funds through MAYZ.
2. Trust and Recognition: The growth in TVL and user base, positive user feedback, and community sentiment will serve as indicators of trust and recognition.
3. Integration and Interoperability: The number of third-party integrations and the volume of transactions facilitated by these integrations will help us validate the success of this goal.
4. Community Engagement: We'll measure the level of community engagement through participation in governance, feedback received, and contributions to the development of the protocol.

From a technical standpoint, the implementation of the MAYZ protocol will rely on smart contract development and rigorous testing. We will follow best practices for secure contract development, including comprehensive testing and audits, to ensure the robustness and security of the protocol.

[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.

Milestone 1: Planning and Design (Weeks 1-4)

1. Finalize the solution architecture: Define the technical requirements and infrastructure for the MAYZ protocol.
2. Design the database and API: Determine the data structure and interactions required for secure user data management and transaction processing.
3. Outline smart contract structure and logic: Define the functionalities and behavior of the smart contracts that will power the MAYZ protocol.
4. UI/UX design groundwork: Begin designing the web platform's user interface and user experience.

Success/Acceptance Criteria:

• Completed solution architecture and technical requirements.
• Finalized database design and API specifications.
• Smart contract structure and logic outlined.
• UI/UX design groundwork completed.

Cost: 20,667 ADA

Milestone 2: Smart Contracts Development (Weeks 5-8)

1. Code and develop smart contracts: Implement the smart contracts according to the outlined structure and logic, focusing on efficiency and security.
2. Unit Testing and Property testing using Plutus Simple Model and Tasty.

Success/Acceptance Criteria:

• Fully developed and tested smart contracts that power the core functionalities of the MAYZ protocol.

Cost: 27,667 ADA

Milestone 3: Database and API Development (Weeks 9-12)

1. Develop the database: Build the secure database system to manage user data and transactions.
2. Develop the REST API: Create the API to enable interaction with the platform and integration with external applications.

Success/Acceptance Criteria:

• Completed and tested database system.
• Fully functional REST API that allows seamless interaction with the platform.

Cost: 22,333 ADA

Milestone 4: UI/UX Design and Website Development (Weeks 13-16)

1. Finalize UI/UX design: Refine the user interface and user experience based on the groundwork from Milestone 1.
2. Build the official website: Develop the website for the MAYZ platform, integrating the design, smart contracts, and API.

Success/Acceptance Criteria:

• Polished UI/UX design for an intuitive user experience.
• Fully functional website that integrates the design, smart contracts, and API.

Cost: 18,333 ADA

Milestone 5: Testing and Testnet Deployment (Weeks 17-20)

1. Conduct rigorous testing: Test the entire platform to ensure its functionality, security, and performance.
2. Deploy on the testnet: Launch the platform on the Cardano testnet for user testing and feedback collection.

Success/Acceptance Criteria:

• Successful completion of comprehensive testing.
• Platform deployed on the Cardano testnet with active user participation and feedback.

Cost: 30,667 ADA

Milestone 6: Mainnet Launch and Marketing (Weeks 21-24)

• Finalize the platform: Incorporate feedback from the testing phase to make necessary improvements and finalize the platform for the mainnet launch.
• Ramp up marketing and communication: Increase marketing efforts to attract potential users and create awareness about the MAYZ protocol.
• Mainnet launch: Release the platform on the Cardano mainnet for public use.
• Post-launch marketing and community engagement: Continue marketing activities and engage with the community to drive adoption.

Success/Acceptance Criteria:

• Fully functional platform ready for the mainnet launch.
• Successful launch of the MAYZ protocol on the Cardano mainnet.
• Ongoing marketing activities and active community engagement.

Cost: 20,667 ADA

Overall Project Management Approach:

The project will follow an Agile project management approach, utilizing sprints of four weeks aligned with each milestone. The team will hold regular meetings to discuss progress, address challenges, and plan for the next sprint. Agile methodologies allow for flexibility and adaptability throughout the project's execution.

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

Milestone 1: Planning and Design (Weeks 1-4)

• Deliverables: Detailed architectural blueprint, API design, smart contracts outline, preliminary UI/UX design.
• Intended outcomes: A solid foundation for the platform’s structure and a clear understanding of how various components will interact.
• Progress Metrics: Completion of architecture plans, API and smart contract structures, and UI/UX design drafts.

Milestone 2: Smart Contracts Development (Weeks 5-8)

• Deliverables: Fully coded smart contracts compatible with the Cardano blockchain.
• Intended outcomes: Creation of secure and efficient smart contracts that form the backbone of transactions within the platform.
• Progress Metrics: Successful completion and internal testing of the smart contracts.

Milestone 3: Database and API Development (Weeks 9-12)

• Deliverables: A functional database for managing user data and transactions and a working REST API.
• Intended outcomes: An efficient database and API streamlining platform interactions.
• Progress Metrics: Completion of the database and API, successful interaction tests.

Milestone 4: UI/UX Design and Website Development (Weeks 13-16)

• Deliverables: Finalized UI/UX design, functional website.
• Intended outcomes: A user-friendly website that allows easy interaction with the platform and its services.
• Progress Metrics: Completion of the website, positive feedback from initial user interface testing.

Milestone 5: Testing and Testnet Deployment (Weeks 17-20)

• Deliverables: Comprehensive testing reports, testnet version of the platform.
• Intended outcomes: Confirmation that the platform works as intended and identification of any areas needing improvement.
• Progress Metrics: Successful deployment on the testnet, feedback collection, bug and error fixing.

Milestone 6: Mainnet Launch and Marketing (Weeks 21-24)

• Deliverables: A fully operational platform on Cardano mainnet, marketing, and community engagement materials.
• Intended outcomes: A live platform offering financial services to the Cardano community and beyond, creating new use cases and enhancing the Cardano ecosystem.
• Progress Metrics: Successful deployment on the mainnet, user sign-ups, transaction volume, community feedback, and marketing campaign metrics.

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

Roles

Project Manager 

• General tasks: Plan and define project scope, monitor progress, manage risks and issues, communicate with stakeholders, and ensure the project is on track and within budget.
• Project-specific tasks: Oversee the entire project, coordinate between teams, and make sure all milestones are met on time.

Full Stack Developer

• General tasks: Full spectrum development including both front and back-end development, API creation, server-side logic, database structure, user-facing features, and technical feasibility of UI/UX designs.
• Project-specific tasks: Develop the user interface of the website, design and develop the platform database, develop the platform's REST API, and ensure seamless interaction between all components of the system.

Blockchain Developer

• General tasks: Develop smart contracts, implement blockchain solutions, test and deploy code, and ensure system security.
• Project-specific tasks: Develop and test smart contracts for the platform, and integrate smart contracts with the full stack of the platform.

Technical Architect

• General tasks: Design the structure of IT systems, oversee programs and projects, and ensure the technical architecture supports the needs of the client.
• Project-specific tasks: Design the platform's system architecture and oversee its development and implementation.

UI/UX Designer

• General tasks: Design user interfaces, ensure user experience is smooth and intuitive, conduct user research and evaluate user feedback.
• Project-specific tasks: Design the user interface and experience for the platform, make sure the design is user-friendly and appealing.

DevOps Engineer

• General tasks: Work with developers and IT staff to oversee code releases and deployments, cross and merge the barriers that exist between software development, testing, and operations teams.
• Project-specific tasks: Set up and manage the infrastructure for the platform, automate and streamline the operations and processes, build and maintain tools for deployment, monitoring and operations.

Quality Assurance Tester

• General tasks: Identify and fix bugs in software, ensure quality of software releases, conduct automated and manual testing.
• Project-specific tasks: Test all components of the platform, identify and report bugs, verify fixes.

Marketing and Community Specialist

• General tasks: Develop and manage marketing campaigns, engage with the community, analyze market trends, and measure the effectiveness of marketing programs and strategies.
• Project-specific tasks: Promote the platform, manage community interactions, and measure the marketing campaign's effectiveness.

Hourly Rates:

• Project Manager: 100 ADA
• Full Stack Developer: 200 ADA
• Blockchain Developer: 200 ADA
• Technical Architect: 133 ADA
• UI/UX Designer: 133 ADA
• DevOps Engineer: 133 ADA
• Quality Assurance Tester: 133 ADA
• Marketing and Community Manager: 67 ADA

Milestone 1: Planning and Design

• Project Manager: Oversee planning and design processes, ensure collaboration between different teams, and track progress.

Cost: 20h * 100 ADA = 2000 ADA

• Technical Architect: Define technical requirements and solution architecture, and guide database and API design.

Cost: 60h * 133 ADA = 8000 ADA

• Full Stack Developer: Contribute to database, API, and UI/UX design planning.

Cost: 20h * 200 ADA = 4000 ADA

• Blockchain Developer: Define technical requirements and architecture for smart contracts.

Cost: 20h * 200 ADA = 4000 ADA

• UI/UX Designer: Begin groundwork on the user interface and experience design.

Cost: 20h * 133 ADA = 2667 ADA

Milestone 2: Smart Contracts Development

• Project Manager: Coordinate with the blockchain developer, track progress, resolve issues.

Cost: 10h * 100 ADA = 1000 ADA

• Blockchain Developer: Code and develop smart contracts.

Cost: 100h * 200 ADA = 20000 ADA

• Technical Architect: Provide guidance and review the development of smart contracts.

Cost: 20h * 133 ADA = 2667 ADA

• Quality Assurance Tester: Test the functionality and security of smart contracts.

Cost: 30h * 133 ADA = 4000 ADA

Milestone 3: Database and API Development

• Project Manager: Coordinate with the Full Stack Developer, monitor progress, resolve any issues.

Cost: 10h * 100 ADA = 1000 ADA

• Full Stack Developer: Develop the database and the REST API.

Cost: 80h * 200 ADA = 16000 ADA

• Technical Architect: Guide and review the database and API development.

Cost: 20h * 133 ADA = 2667 ADA

• Quality Assurance Tester: Test the functionality and security of the database and API.

Cost: 20h * 133 ADA = 2667 ADA

Milestone 4: UI/UX Design and Website Development

• Project Manager: Manage progress, coordinate between UI/UX Designer and Full Stack Developer, and resolve issues.

Cost: 10h * 100 ADA = 1000 ADA

• UI/UX Designer: Finalize the UI/UX design.

Cost: 80h * 133 ADA = 10667 ADA

• Full Stack Developer: Develop the website and integrate the design, smart contracts, and API.

Cost: 20h * 200 ADA = 4000 ADA

• Quality Assurance Tester: Test the website functionality, user interface, and experience.

Cost: 20h * 133 ADA = 2667 ADA

Milestone 5: Testing and Testnet Deployment

• Project Manager: Oversee testing processes, coordinate testnet deployment, and manage user feedback collection.

Cost: 20h * 100 ADA = 2000 ADA

• Blockchain Developer: Assist in testing, debugging, and preparing for testnet deployment.

Cost: 40h * 200 ADA = 8000 ADA

• Full Stack Developer: Assist in testing, debugging, and preparing for testnet deployment.

Cost: 40h * 200 ADA = 8000 ADA

• Quality Assurance Tester: Conduct comprehensive testing of the platform, document bugs and issues.

Cost: 40h * 133 ADA = 5333 ADA

• DevOps Engineer: Conduct comprehensive testing of the platform, and document bugs and issues.

Cost: 40h * 133 ADA = 5333 ADA

• Marketing and Community Manager: Ramp up marketing activities, engage with the community, and incentivize user adoption and feedback.

Cost: 30h * 67 ADA = 2000 ADA

Milestone 6: Mainnet Launch and Marketing

• Project Manager: Oversee finalization of the platform, manage mainnet launch, and coordinate marketing efforts.

Cost: 20h * 100 ADA = 2000 ADA

• Full Stack Developer: Finalize the platform, and prepare for mainnet launch.

Cost: 40h * 200 ADA = 8000 ADA

• Blockchain Developer: Finalize the platform, and prepare for mainnet launch.

Cost: 30h * 200 ADA = 6000 ADA

• DevOps Engineer: Assist in deploying the platform on the Cardano mainnet.

Cost: 20h * 133 ADA = 2667 ADA

• Marketing and Community Manager: Ramp up marketing activities, engage with the community, and drive user adoption post-launch.
• Cost: 30h * 67 ADA = 2000 ADA

Total Cost: 140,333 ADA

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

All costs have been determined by considering the complexity and scale of the project, as well as the expertise required from the team members involved. The roles and their corresponding hourly rates have been evaluated about the skills, experience, and market rates for similar positions in the industry (https://www.ziprecruiter.com/Salaries/Freelance-Salary-per-Hour).

While the costs described may appear high, it is essential to consider the value that the project aims to deliver to the Cardano ecosystem.

Furthermore, the project's costs can be seen as an investment in the long-term success and sustainability of the Cardano ecosystem. The expertise and skills of the team members, along with their track record of successful projects and experience in the industry, contribute to the quality and effectiveness of the deliverables. This, in turn, increases the likelihood of achieving the desired outcomes and generating value for the Cardano ecosystem and its stakeholders.

In determining the costs, factors such as the average wage in the country or typical freelance rates in the industry have been considered as benchmarks to ensure fair and competitive compensation for the team members. Additionally, the costs have been aligned with the complexity and scope of the project, reflecting the effort and resources required to achieve the project goals.

[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