Empowering Financial Literacy through an Interactive Cardano DApp Game: Educate, Engage, and Earn ADA

[GENERAL] Name and surname of main applicant

Kenneth Boateng

[GENERAL] Email address of main applicant

kboateng396@gmail.com

Additional applicants

Howard Koduah

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

10

[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?

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.” .

1. Cardano Foundation: As the primary organization behind Cardano, the Cardano Foundation plays a crucial role in the development and maintenance of the Cardano blockchain. We depend on their continued support and updates to leverage the latest features and functionalities offered by Cardano.
2. Educational Institutions and Financial Organizations: We aim to collaborate with educational institutions and financial organizations to enhance the educational content of our game. Their expertise and resources will be instrumental in providing accurate and relevant financial and crypto knowledge, ensuring the educational value of our project.
3. Blockchain Development Expertise: We rely on skilled blockchain developers and experts who possess a deep understanding of the Cardano ecosystem, smart contract development, and blockchain integration. Their expertise is vital for the seamless integration of our game with the Cardano blockchain.
4. Community Engagement: We depend on the active engagement and support of the Cardano and gaming communities. Building a vibrant user base, receiving feedback, and fostering a strong community will be crucial for the success and adoption of our DApp game.

[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

Gaming

[METADATA] SDG rating

• SDG 4: Quality Education - By providing financial and crypto literacy through an interactive game, the project contributes to improving access to quality education and promoting lifelong learning opportunities.

• SDG 8: Decent Work and Economic Growth - The project aims to empower individuals with financial knowledge and understanding of cryptocurrencies, potentially opening up new opportunities for economic growth and financial inclusion.

• SDG 9: Industry, Innovation, and Infrastructure - By utilizing blockchain technology and promoting the adoption of cryptocurrencies, the project supports innovation and the development of robust digital infrastructure.

• SDG 10: Reduced Inequalities - The DApp game, with its low financial barriers and global accessibility, has the potential to reduce inequalities by providing individuals from diverse backgrounds an equal opportunity to learn about finance and cryptocurrencies.

[IMPACT] Please describe your proposed solution.

Our proposed solution is an engaging DApp game built on the Cardano blockchain that aims to address the widespread lack of financial literacy and limited adoption of cryptocurrencies. According to Cointelegraph , it is estimated that only 33% of adults worldwide are financially literate or have an understanding of cryptocurrencies.

To tackle this issue, our solution leverages the power of gaming to make learning easier and more accessible. Gaming has proven to be an effective educational tool as it combines entertainment with interactive and immersive experiences. By integrating financial and crypto concepts into a game format, we can engage users in an enjoyable and interactive learning process.

The game will feature educational content that covers fundamental financial concepts and cryptocurrency topics. Users will navigate through various game levels, challenges, and scenarios that require them to make financial decisions, manage virtual assets, and apply their knowledge to progress in the game. This hands-on experience allows users to develop practical skills and a deeper understanding of financial literacy and cryptocurrency concepts.

The game's design will focus on intuitive user interfaces, engaging visuals, and gamified elements such as achievements, leaderboards, and rewards. By providing a gamified learning experience, we aim to captivate the attention of users and motivate them to continue learning and exploring financial and crypto topics.

We acknowledge that a significant percentage of the population lacks crypto literacy. Therefore, the game will include comprehensive tutorials, interactive guides, and tooltips to introduce and explain concepts in a beginner-friendly manner. Users will have access to resources, educational materials, and real-time feedback to enhance their learning experience and gradually increase their crypto literacy.

By combining gaming mechanics, educational content, and user-friendly interfaces, our solution aims to bridge the gap in crypto literacy. It strives to provide an engaging and accessible platform for individuals of all backgrounds to learn about finance, blockchain technology, and cryptocurrencies in an enjoyable and interactive manner.

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

1. Promoting Financial and Crypto Literacy: The DApp game will educate users about financial concepts and cryptocurrencies, including Cardano's native coin, ADA. Users will learn about the benefits and potential uses of ADA within the game, such as in-app purchases and rewards. This education fosters a deeper understanding of the Cardano ecosystem and encourages broader adoption of ADA.
2. Increasing Awareness and Adoption of Cardano: By integrating Cardano's native coin into the gameplay mechanics, users will directly engage with ADA and experience its benefits. This immersive experience can drive increased awareness and adoption of Cardano, leading to a larger user base, liquidity, and overall ecosystem growth.
3. Creating Demand for ADA: By rewarding players with ADA for their achievements and progress within the game, our solution generates organic demand for ADA. This increased demand can positively impact the value and utility of ADA, benefiting existing Cardano stakeholders and attracting new participants to the ecosystem.
4. Expanding Cardano's User Base: The gamified approach to financial and crypto education appeals to a broader audience, including gaming enthusiasts who may not have prior exposure to cryptocurrencies. By providing an entertaining and accessible entry point to the Cardano ecosystem, our solution can attract and onboard new users to Cardano, expanding its user base and fostering community growth.
5. Showcasing Cardano's Technological Advantages: Building a DApp game on the Cardano blockchain demonstrates the capabilities and advantages of Cardano's technology. By showcasing its scalability, security, low transaction fees, and energy efficiency, our solution highlights the benefits of choosing Cardano as a platform for future DApp development.

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

1. User Engagement: We will track user engagement metrics, such as the number of active users, session duration, and retention rates. These indicators will help us assess the level of interest and ongoing participation in the DApp game.
2. Learning and Knowledge Acquisition: To evaluate the educational impact, we will employ pre- and post-game assessments to measure users' knowledge growth in financial literacy and crypto-related topics. Surveys and quizzes within the game can provide valuable insights into users' comprehension and learning progress.
3. Adoption of ADA: Monitoring the adoption and usage of ADA within the game will help us assess the effectiveness of incentivizing users with ADA rewards. Metrics such as the number of ADA transactions, the value of ADA used for in-app purchases, and the conversion rate of ADA rewards to real-world usage can indicate the level of ADA adoption and utility.
4. Community Feedback and Reviews: Gathering feedback from users through surveys, ratings, and reviews can provide qualitative insights into their experience with the game. This feedback will help us understand user satisfaction, identify areas for improvement, and gauge the perceived value and impact of the DApp game.
5. Partnerships and Collaborations: Assessing the project's ability to forge partnerships with educational institutions, financial organizations, and blockchain communities will indicate its recognition and potential for expansion. 1.     . The number and quality of collaborations established can serve as an indicator of the project's success in attracting support and engagement from relevant stakeholders.

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

Output would be shared on all Cardano social media platforms. This would include YouTube for Kids, facebook, twitch.tv, roblox.com, chess.com and nettruyenplus.com

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

The team is made up computer engineers, financial consultants, crypto experts and game developers who have detailed insight in interactive games.

[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 project are as follows:

1. Educate Users: The project aims to educate users about financial literacy and cryptocurrencies, with a specific focus on Cardano's native coin, ADA. The goal is to provide a comprehensive understanding of these concepts through an engaging DApp game.
2. Promote Adoption: The project seeks to promote the adoption of Cardano and ADA by integrating them into the gameplay mechanics, incentivizing users with ADA rewards, and showcasing the benefits of using ADA within the game.
3. Enhance User Engagement: The project aims to create an immersive and enjoyable gaming experience that captivates users and encourages them to actively participate, learn, and progress within the game.
4. Measure Impact: The project intends to measure the impact of its approach by assessing key metrics such as user engagement, learning outcomes, ADA adoption, community feedback, and partnerships established. These metrics will help validate the feasibility and effectiveness of the project's approach.

To validate the feasibility of our approach, we will undertake the following steps:

1. Market Research: Conducting in-depth market research to understand the target audience, existing educational games, and user preferences. This research will help identify gaps, validate the demand, and refine our approach accordingly.
2. Proof of Concept: Developing a proof of concept or a minimum viable product (MVP) to test and validate the game mechanics, user interface, and learning components. This will involve gathering feedback from a selected group of users and incorporating their input into the development process. This would include standardization of product concept, regulatory endorsement, benchmarking product features and concept with industry standards and practice.
3. Pilot Testing: Conducting pilot testing with a larger group of users to assess the feasibility of scaling the solution. This testing phase will allow us to gather valuable insights, identify potential challenges, and make necessary adjustments to ensure the project's viability.
4. Continuous Improvement: Iterating on the game based on user feedback, performance data, and market trends. Regular updates and enhancements will be implemented to improve the user experience, educational content, and overall impact of the project.

[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.

Here is a detailed breakdown of the project milestones, main tasks or activities, and the expected timeline for delivery within a 10-month period:

Month 1: Planning and Design

• Milestone 1: Project Initiation and Planning
• Task 1: Define project objectives, scope, and requirements.
• Task 2: Conduct market research and analyze target audience.
• Task 3: Formulate a detailed project plan, including resource allocation and timeline.

Months 2-4: Development

• Milestone 2: Backend Infrastructure and Smart Contract Development
• Task 1: Set up the backend infrastructure for the game on the Cardano blockchain.
• Task 2: Develop and test smart contracts for in-game transactions and rewards using ADA.
• Task 3: Implement user account management and secure storage for game progress.
• Milestone 3: Frontend Development and UI/UX Design
• Task 1: Design and develop the user interface for the game, ensuring an intuitive and engaging experience.
• Task 2: Integrate educational content and gameplay mechanics into the UI.
• Task 3: Implement visual and interactive elements to enhance user engagement.

Months 5-7: Testing and Refinement

• Milestone 4: Quality Assurance and Testing
• Task 1: Conduct comprehensive testing of the game's functionality, performance, and security.
• Task 2: Identify and fix any bugs or issues found during testing.
• Task 3: Optimize the game's performance and user experience based on user feedback.
• Milestone 5: Content Enhancement and Integration
• Task 1: Refine and enhance the educational content to ensure accuracy and relevance.
• Task 2: Integrate additional levels, challenges, and scenarios to provide a comprehensive learning experience.
• Task 3: Conduct user testing and gather feedback on the content and gameplay flow.

Month 8: Deployment Preparation

• Milestone 6: Deployment Readiness
• Task 1: Prepare the game for deployment on the Cardano blockchain.
• Task 2: Set up hosting infrastructure and ensure scalability and stability.
• Task 3: Perform final testing and debugging to ensure readiness for launch.

Month 9: Deployment and Launch

• Milestone 7: Game Deployment and Launch
• Task 1: Deploy the game on the Cardano blockchain, ensuring proper integration with ADA transactions and rewards.
• Task 2: Conduct a soft launch and gather user feedback for further improvements.
• Task 3: Prepare marketing and promotional campaigns for the official launch.

Month 10: Evaluation and Iteration

• Milestone 8: Evaluation and Iteration
• Task 1: Collect and analyze user feedback and performance metrics.
• Task 2: Identify areas for improvement and implement necessary updates and enhancements.
• Task 3: Plan for future updates, expansions, and partnerships to sustain and grow the project.

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

Milestone 1: Planning and Design

• Deliverables: Project objectives, scope, and requirements document, market research report, and a detailed project plan.
• Outputs: Clear understanding of project goals, target audience analysis, and a well-defined project plan.
• Intended Outcomes: Alignment on project objectives, scope, and requirements among the team members. A solid foundation for project execution and management.

Milestone 2: Backend Infrastructure and Smart Contract Development

• Deliverables: Backend infrastructure set up on the Cardano blockchain, developed and tested smart contracts for in-game transactions and rewards.
• Outputs: Functioning backend infrastructure and smart contracts.
• Intended Outcomes: The foundation of the game's infrastructure is established, enabling secure and efficient in-game transactions and rewards using ADA.

Milestone 3: Frontend Development and UI/UX Design

• Deliverables: User interface design, interactive and engaging game elements, integration of educational content.
• Outputs: Fully designed and implemented user interface with integrated educational content.
• Intended Outcomes: A visually appealing and intuitive user interface that promotes user engagement and provides an immersive learning experience.

Milestone 4: Quality Assurance and Testing

• Deliverables: Comprehensive testing report, bug fixes, and performance optimization.
• Outputs: Thoroughly tested and debugged game with improved performance and functionality.
• Intended Outcomes: High-quality and stable game, ensuring a smooth and enjoyable user experience.

Milestone 5: Content Enhancement and Integration

• Deliverables: Enhanced educational content, additional levels, challenges, and scenarios.
• Outputs: Enriched and comprehensive educational content integrated into the gameplay.
• Intended Outcomes: A well-rounded learning experience with engaging and informative content, offering users a deeper understanding of financial literacy and cryptocurrencies.

Milestone 6: Deployment Preparation

• Deliverables: Deployment-ready game, hosting infrastructure set up.
• Outputs: Game prepared for deployment, hosting infrastructure in place.
• Intended Outcomes: Readiness for the game's deployment on the Cardano blockchain, ensuring scalability and stability.

Milestone 7: Deployment and Launch

• Deliverables: Deployed game on the Cardano blockchain, soft launch, marketing and promotional campaigns.
• Outputs: Officially launched game, user feedback from soft launch, marketing efforts in progress.
• Intended Outcomes: The game is live and available to users, initial feedback gathered to further improve the game, and the start of user acquisition and adoption.

Milestone 8: Evaluation and Iteration

• Deliverables: User feedback analysis, updates and enhancements plan.
• Outputs: User feedback analysis report, implementation plan for updates and enhancements.
• Intended Outcomes: Insights into the game's performance, identification of areas for improvement, and a roadmap for future updates, expansions, and partnerships to ensure the game's continued success and growth.

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

• Development Costs:
• Blockchain Development: 139418
• Backend Development: 104564
• Frontend Development: 87136
• Game Logic and Mechanics: 52281
• Design and Artwork:
• Game Design: 34855
• Graphic Design: 69709
• Sound Design and Music: 20913
• Testing and Quality Assurance: 41825
• Deployment and Infrastructure:
• Deployment and Hosting: 27884
• Miscellaneous Costs:
• Project Management: 34855
• Marketing and Promotion: 17427

630867

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

The cost of the project represents value for money for the Cardano ecosystem in several ways:

1. Educational Impact: The project focuses on providing financial and crypto literacy through an engaging DApp game. By educating users about financial concepts and specifically Cardano's native coin, ADA, the project helps build a knowledgeable user base within the Cardano ecosystem. This increased literacy contributes to the long-term growth and sustainability of Cardano by fostering a community that understands the benefits and potential uses of ADA.
2. ADA Adoption: The project's integration of ADA within the game mechanics, incentivization through ADA rewards, and showcasing ADA's utility for in-app purchases creates demand and adoption for Cardano's native coin. This increased usage and adoption of ADA benefits the Cardano ecosystem by enhancing liquidity, market value, and overall ecosystem growth.
3. User Acquisition: The DApp game serves as an attractive entry point to the Cardano ecosystem for a broader audience, including gaming enthusiasts who may not have previous exposure to cryptocurrencies. By providing an enjoyable and educational gaming experience, the project can attract new users to Cardano, expanding its user base and fostering community growth.
4. Showcasing Cardano's Technology: Building a DApp game on the Cardano blockchain demonstrates the capabilities and advantages of Cardano's technology, including scalability, security, low transaction fees, and energy efficiency. The project serves as a showcase for the Cardano ecosystem, attracting attention and interest from developers, investors, and other stakeholders, ultimately contributing to the growth and reputation of Cardano.
5. Long-term Benefits: The value generated by the project extends beyond the initial development and launch phase. The educational content, ADA adoption mechanisms, and user acquisition strategies implemented in the game have the potential to create lasting value for the Cardano ecosystem. As the game gains popularity, sustains user engagement, and continues to educate and incentivize users, the long-term benefits and value generated for the Cardano ecosystem increase over time.

[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