DexHunter Gamify: Enhancing User Engagement through Gamification, Leaderboards, and Daily Rewards

[GENERAL] Name and surname of main applicant

Nikita Melentjevs

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

Entity (Incorporated)

[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] Summarize your solution to the problem (200-character limit including spaces)

Introduce gamification with profit leaderboards and daily rewards on DexHunter to boost user engagement, incentivize trading activities, and increase overall ecosystem volumes.

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

Yes

[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.”

We depend on DexHunter's existing infrastructure and user data to integrate gamification features seamlessly. Additionally, partnerships with data analytics platforms are essential to track and display user performance accurately.

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

No

[GENERAL] Please provide here more information on the open source status of your project outputs

While the core DexHunter platform remains proprietary, the gamification modules, including leaderboards and reward systems, will be developed with open-source components where feasible. Certain proprietary algorithms and user data handling mechanisms will remain closed to ensure security and competitive advantage.

[METADATA] Horizons

DeFi

[SOLUTION] Please describe your proposed solution

We propose to enhance the DexHunter platform by incorporating gamification elements such as profit leaderboards and daily rewards. The profit leaderboards will display top traders based on their performance, fostering a competitive environment that encourages users to trade more actively. Daily rewards will be given to users based on their trading activity and engagement, incentivizing regular participation and increasing trading volumes. These features will be integrated into the existing DexHunter interface, ensuring a seamless user experience while leveraging DexHunter’s robust backend infrastructure.

To implement this, we will develop the necessary frontend components for displaying leaderboards and managing rewards, alongside backend systems to track user performance and distribute rewards. Additionally, we will create an engaging user interface that highlights achievements and provides motivational feedback to users, enhancing their overall trading experience.

[IMPACT] Please define the positive impact your project will have on the wider Cardano community

Increased User Engagement: Gamification elements will make DexHunter more engaging, encouraging users to interact with the platform more frequently and for longer durations.

Higher Trading Volumes: Incentivizing trades through leaderboards and rewards will drive higher trading activity, boosting overall liquidity and volume on DexHunter.

Community Building: Competitive and rewarding features will foster a sense of community among traders, promoting collaboration and healthy competition within the Cardano ecosystem.

User Retention: Daily rewards and recognition through leaderboards will improve user retention, reducing churn and maintaining a vibrant active user base.

Attracting New Users: Gamification can attract new traders looking for a dynamic and rewarding trading platform, expanding DexHunter’s user base and, by extension, the Cardano ecosystem.

Enhanced Platform Reputation: By offering innovative engagement features, DexHunter can position itself as a leading DeFi platform on Cardano, attracting more projects and integrations.

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

Our team has a proven track record with DexHunter, Cardano's leading DEX aggregator, demonstrating our capability in DeFi development and platform management. We possess the necessary technical expertise in frontend and backend development, user experience design, and data analytics required to implement gamification features. We will validate our approach through iterative development, including prototype testing, user feedback sessions, and performance monitoring. Additionally, we will conduct security audits to ensure the integrity and reliability of the new features, maintaining high levels of trust and accountability.

[PROJECT MILESTONES] What are the key milestones you need to achieve in order to complete your project successfully?

Milestone 1: Planning and Design

• Duration: 1 month
• Milestone Outputs:
• Comprehensive project plan outlining all phases and tasks for gamification.
• Detailed design specifications for profit leaderboards and daily rewards.
• Creation of initial UI wireframes and user journey maps.
• Establishment of a GitHub repository for version control.
• Acceptance Criteria:
• Project plan reviewed and approved by the team.
• Design specifications finalized after team and stakeholder feedback.
• Wireframes completed and approved by the design team.
• GitHub repository initialized with initial documentation.
• Evidence of Milestone Completion:
• Documentation of the project plan and timelines.
• Links to wireframes and design documents.
• GitHub repository link with initial commits.

Milestone 2: Development of Gamification Backend

• Duration: 2 months
• Milestone Outputs:
• Development of backend infrastructure for tracking user performance.
• Implementation of profit leaderboard logic and reward distribution systems.
• Integration with DexHunter’s existing user data and trading activity.
• Acceptance Criteria:
• Backend systems pass internal testing for accuracy and performance.
• Leaderboard and reward systems are fully functional and integrated.
• Codebase covered with automated tests.
• Evidence of Milestone Completion:
• Updated GitHub repository with latest code commits.
• Test results demonstrating backend functionality.
• Documentation of development progress.

Milestone 3: Frontend Interface Development

• Duration: 2 months (overlapping with Milestone 2)
• Milestone Outputs:
• Development of frontend components for displaying leaderboards and managing rewards.
• Responsive and user-friendly UI design implementation.
• User interface elements for displaying achievements and daily rewards.
• Acceptance Criteria:
• Frontend components are fully functional and integrated with backend systems.
• User interface tested for usability and visual consistency.
• Positive feedback from initial user testing sessions.
• Evidence of Milestone Completion:
• Links to UI/UX designs in Figma or other design tools.
• Access to the test environment with the new interface.
• User testing reports and feedback summaries.

Milestone 4: Public Launch and Community Engagement

• Duration: 1 month
• Milestone Outputs:
• Deployment of gamification features on the live DexHunter platform.
• Production of a closing video summarizing the project and its benefits.
• Marketing and outreach efforts to promote the new features to the community.
• Acceptance Criteria:
• Gamification features are live and accessible to all users without major issues.
• Positive initial user engagement and feedback post-launch.
• Closing video effectively communicates the project's value and success.
• Evidence of Milestone Completion:
• Live link to DexHunter with gamification features operational.
• Closing video published on official channels.
• Analytics reports showing increased user engagement and trading volumes.

Final: Final documentation and video

• Duration: 1 month
• Milestone Outputs:
• Final close-out report
• Final closeout video
• Acceptance Criteria:
• Final closeout report is publicly available
• Final closeout video is publicly available
• Evidence of Milestone Completion:
• Link to final closeout report
• Link to final closeout video

[RESOURCES] Who is in the project team and what are their roles?

CEO & Project Lead: Nikita Melentjevs

• Project management, strategic planning, and partnerships.

Backend Development Lead: Edoardo Carlo Salvioni

• Backend infrastructure development, data aggregation, and API implementation.

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources

Milestone 1: Planning and Design

• Duration: 1 month
• Cost Estimate: 15% (35,250 ADA)
• Planning sessions, API specification drafting, and design work.

Milestone 2: Development of Gamification Backend

• Duration: 2 months
• Cost Estimate: 35% (82,250 ADA)
• Backend development, data aggregation systems, and testing frameworks.

Milestone 3: Frontend Interface Development

• Duration: 2 months (overlapping with Milestone 2)
• Cost Estimate: 25% (58,750 ADA)
• Frontend development, UI/UX design implementation, and user testing.

Milestone 4: Testing, Optimization, and Security Audits

• Duration: 1 month
• Cost Estimate: 15% (35,250 ADA)
• Comprehensive testing, performance optimization, and security audits.

Milestone 5: Public Launch and Community Engagement

• Duration: 1 month
• Cost Estimate: 10% (23,500 ADA)
• Marketing efforts, closing video production, and community outreach.

Additional Costs:

• Contingency Reserve: Approximately 5% (11,750 ADA)
• For unforeseen expenses and adjustments during the project.

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

The investment will significantly enhance user engagement on DexHunter by introducing gamification elements that incentivize active trading and participation. By fostering a competitive and rewarding environment, the project will drive higher trading volumes, increase liquidity, and attract new users to the Cardano ecosystem. The resultant growth in user activity and engagement offers substantial value relative to the funding requested, positioning DexHunter as a leading DeFi platform with a vibrant and active community.