[GENERAL] Name and surname of main applicant
Jimmy Lee
[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)
Individual
[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
Yes
[GENERAL] Summarize your solution to the problem (200-character limit including spaces)
- Introducing and applying the DAO tool is already available to the community
- Creating documentation on decentralized governance models in many forms (articles, short clips, livestreams, and quizzes.)
[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] Please provide here more information on the open source status of your project outputs
- Our websites: Articles will be published on our websites (cardanolibrary.net)
- Cardano community official site: https://www.essentialcardano.io/
- Youtube: posted short clip, live stream clip (Vcoincheck and Whiteboard Cardano channel)
- Social platforms: We share activities, project information through social networking platforms
Twitter:https://twitter.com/VCoinCheck
Telegram: https://t.me/ADA_VIET
Facebook: https://www.facebook.com/groups/cardanoviet
[SOLUTION] Please describe your proposed solution
Context and problem.
The ETHDAO or ARBDAO has proposed to withdraw the ecosystem fund with a value of hundreds of millions of Dollars or one of the effects that led to the collapse of LUNA-UST with 1 approved governance proposal. without anyone knowing and participating.
CIP-1694 has been implemented since the beginning of 2023 and achieved very good results, but the number of communities participating in official contributions is not much. At least when compared with the number of participants holding ADA through the statistics of the number of ADA stake wallets.
I also encountered this problem, when participating in the sharing and propaganda of CIP-1694 in our community. Most people do not understand what a decentralized governance system must have, what is considered a decentralized governance.
Besides, decentralized governance is extremely complex, different in the size of a project as well as the type of project. For example, the governance of an L1-based blockchain is certainly very different from that of a Dapp.
DAO documents are often only found through the project's own sources and are incompletely reported in the media. There is not a single source that describes, statistics, analyzes, and compares decentralized governance models.
Our solution
Solution 1
1. We will share knowledge about decentralized governance, DAO, and Voltaire regularly in the communities where we are admins or reputable people
Example: Cardano ADA VietNam Facebook group – 48k members
Telegram group – 1050 members
Many telegram groups in Vietnam Cardano community
2. Organize mini-games to encourage the community to use Cardano DAO tool (For exp: summonplatform.io, ClarityDAO, DanogoTempo...)
- A very simple game like we will promote a game that the reward will be Cardano native tokens and the community will vote to choose which token will be the reward.
- This will give the community a taste of how basic decentralized governance works.
- We will collaborate with other projects or communities to join games too
Solution 2
1. We will create a set of documents about typical decentralized governance models in many forms so that the community can learn and increase awareness in the best way.
2. The document will introduce and describe the decentralized governance model of 9 projects. These 9 projects will be divided into 3 sets,
The structure of each set will include
- 2 projects are being developed on Cardano, and 1 project is developing in another ecosystem.
- The articles introduce and analyze each project. (from 1-2 articles, each article has a length of 1000-2000 words)
- Articles comparing projects with each other (1 article is 1000-2000 words in length)
- Short clip introduces a project for the community to understand visually. (whiteboard clip with duration 8-10 minutes)
- Short questions for readers to check their own knowledge. (5 questions for each post)
- Live sharing and answering livestream (1-2 hours per session)
Solution 3
To increase efficiency and spread, we will cooperate with other projects and communities through forms such as:
- Collaborating with other projects to make clips
- Cooperate in posting articles
The impact
- The knowledge in the aggregate and diversity helps the community have a comprehensive view of decentralized governance.
- Once understood, it also means that people will actively participate in decentralized governance.
- Using the DAO tools ( like summonDAO tools, etc.,) will not only help the community get acquainted with on-chain voting but also introduce DAO tools developed on Cardano.
- The mini-games will help evaluate how effective the implementation of DAO tools of decentralized governance is in small communities and the cooperation between communities or projects.
[IMPACT] Please define the positive impact your project will have on the wider Cardano community
If this proposal is approved, it will have the following benefits:
- Help the community have knowledge and insight into decentralized governance. Thereby everyone can participate in contributing and building for Cardano-Voltaire
- Knowledge will help the community understand the project they are investing in, helping them make more informed decisions.
- The division into sets also makes it easy for learners to track and compare. This will make it more efficient to read only documents from the project's source.
- The expression of diverse knowledge in different forms will also serve the needs of each person at different times.
- The community will also be introduced to the decentralized governance model of projects that developing on Cardano.
Key metrics to measure the success of the project
- Number of participants using Cardano's DAO tools
- Number of Cardano projects with good decentralized governance model introduced to the community.
- Number of interactions with articles, clips, and social media channels.
- Number of collaborative projects or communities
Main goal (6 months)
Goal 1: Education on decentralized governance, Cardano's governance for the community.
This goal is defined by the parameters of:
- number of projects introduced (9 projects).
- number of articles 15 (at least)
- number of short clips: 4
- number of questions:45
- number of Livestream 3
Goal 2: Number of interactions with the product
This goal is determined by views, likes, feedback on social media channels, community telegram groups through posts related to our products.
- Articles viewed 1000 times.
- Video viewed: 200 times.
- Amount of feedback turn: 50
Goal 3: Number of projects on Cardano that are introduced to the community naturally.
This goal is defined by the Cardano projects introduced in the articles.
Goal 4: Introduce the community to use one of the Cardano DAO tools
- Target: 3 on-chain voting session
100 participants
Collaboration of 2 projects or 2 communities
[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?
In order to have the best preparation for the proposal, we have also made some articles, short clips as mentioned above.
Source: Articles on our website governance model of SingularityDAO , What is DAO (our website)
Short Clip:
https://youtu.be/1uD2I4T9XeULivestream clip:
https://youtu.be/GYMRv3j5gi0Articles on Official Cardano sources
Admin team - Vcoincheck.io
- Vcoincheck.io is a platform or related product for sharing, training and educating about Cardano and blockchain knowledge. The project has 6 funded proposals in fund 7, 8, 9 and all have been completed. (Source lidonation)
- We are also the admin team of the largest Cardano Facebook community in Vietnam with more than 46k members and are reputable people as well as active in the catalyst in Vietnam.
Here is our annual report: Vcoincheck annual report
https://www.youtube.com/watch?v=ge9AVXy6TrQMedia partner: Whiteboard Cardano team
[PROJECT MILESTONES] What are the key milestones you need to achieve in order to complete your project successfully?
Milestone 1. Research and making plan
Task
- Research product structure.
- Study the short clip structure.
- Make a list of recommended projects
- Planning to write articles, make clips, and livestream.
- Write and post basically decentralized governance.
Output
- The document describes the article structure, the structure of 1 clip, the list of articles, the plan for writing articles, making clips, and live streaming details by week (public shared document).
- Basic introductory articles (source cardanolibrary.net)
Acceptance criteria
- 01 document describes the article structure, the structure of 1 clip, the list of articles, the plan for writing articles, making clips, and live streaming details by week.
- 02 Basic introductory articles
Est cost: 6300 ADA
Timeline: month 1-2
Milestone 2. Deployment of set 1
Task
- Write articles in set 1
- Make a short clip for a project in set 1.
- Check and post articles.
- Livestream number 1
- Making quizzes for projects of set 1
- 1st Mini-game to encourage community
Output
- Articles of 2nd set: cardanolibrary.net
- 1st short clip: youtube vcoincheck
- 1st live stream: youtube vcoincheck
- 1st Mini-game: website cardanolibrary.net
Acceptance criteria
- 4 articles
- 1 short clip (8-10 minutes long)
- 1 live stream session.
- set of question: 15 questions
- 1 mini-game
- 1 voting on-chain session
Cost: 5741.5 ADA
Timeline: month 3
Milestone 3. Deployment of set 2
Task
- Write articles in set 2
- Make a short clip for a project in set 2.
- Check and post articles.
- set of question: 15 questions
- Livestream number 2
- 2nd Mini-game to encourage community
Output
- Articles of 2nd set: cardanolibrary.net
- 2nd short clip: youtube vcoincheck, whiteboard Cardano
- 2nd live stream: youtube vcoincheck
- 2nd Mini-game: website cardanolibrary.net
Acceptance criteria
- 4 articles
- 1 short clip (8-10 minutes long)
- 1 live stream session.
- 1 mini-game
- 1 voting on-chain session
Cost: 5741.5 ADA
Timeline: month 4
Milestone 4. Deployment of set 3
Task
- Write articles in set 3
- Make a short clip for a project in set 3.
- Check and post articles.
- set of question: 15 questions
- Livestream number 3
- 3rd Mini-game to encourage community
Output
- Articles of 3rd set: vcoincheck.io, cardanolibrary.net
- 3rd short clip: youtube vcoincheck
- 3rd live stream: youtube vcoincheck
- 3rd Mini-game: website cardanolibrary.net
Acceptance criteria
- 4 articles
- 1 short clip (8-10 minutes long)
- 1 live stream session.
- 1 mini-game
- 1 voting on-chain session
Cost: 5741.5 ADA
Timeline: month 5
Closing and reporting
Task
- Make No4 short clip
- Write an analysis, summarize all
- Introduce and report results to the community.
Output
- 4th short clip: youtube vcoincheck
- Analysis report: cardanolibrary.net
- Report result of project: cardanolibrary.net
- Close out report
Acceptance criteria
- 1 articles
- 1 short clip (8-10 minutes long)
- 1 report document.
Timeline: month 6
Cost: 3061.5 ADA
[RESOURCES] Who is in the project team and what are their roles?
1.Jimmy Lee – Team leader, articles writer
2. Giang Phung - Project admin
- Master of Business Administration
- 5 years of experience in Blockchain research & Crypto Currency investment
- Member of vcoincheck.io team
- Telegram: https://t.me/giangpt
[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources
Total budget: 26586 ADA
Rate: 1 ADA = 0.45$
Milestone 1: 6300 ADA
- Research fee: 5600 ADA (40 working hours)
- Writing articles: 560 ADA ( 8 working hours)
- Editing, Finalizing, and publishing fee: 140 ADA (4 working hours)
Milestone 2: 5741.5 ADA
- Writing articles: 1120 ADA (16 working hours)
- Editing, Finalizing, and publishing fee: 280 ADA (8 working hours)
- Making clips: 1238 ADA
- Livestream: 560 ADA (2 working hours)
- Mini-games: 1000 ADA (1 strategy)
- Making questions: 420 ADA (15 questions)
- Admin fee: 1123.5 ADA ( 107 hour)
Milestone 3: 5741.5 ADA
- Writing articles: 1120 ADA (16 working hours)
- Editing, Finalizing, and publishing fee: 280 ADA (8 working hours)
- Making clips: 1238 ADA
- Livestream: 560 ADA (2 working hours)
- Mini-games: 1000 ADA (1 strategy)
- Making questions: 420 ADA (15 questions)
- Admin fee: 1123.5 ADA ( 107 hour)
Milestone 4: 5741.5 ADA
- Writing articles: 1120 ADA (16 working hours)
- Editing, Finalizing, and publishing fee: 280 ADA (8 working hours)
- Making clips: 1238 ADA
- Livestream: 560 ADA (2 working hours)
- Mini-games: 1000 ADA (1 strategy)
- Making questions: 420 ADA (15 questions)
- Admin fee: 1123.5 ADA ( 107 hour)
Final Milestone: 3061.5 ADA
- Writing summary articles, comparative analysis: 560ADA (8 working hours)
- Editing, Finalizing, and publishing fee: 140 ADA (4 working hours)
- Making clips: 1238 ADA
- Admin fee: 1123.5 ADA (107 hour)
[VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?
Resources that can be used
- We have experience in doing most of the work mentioned above. So we know how to optimize costs.
- We have a huge community available, so marketing costs are also reduced.
- Website operation fee, Zoom account fee: 0 ADA
Cost
- Researching fee: 140ADA/hour
- Writing fee: 70 ADA/hour
- Editing, Finalizing, publishing fee: 35 ADA/hour
- Livestream fee: 280 ADA/hour
- Making quiz fee: 28 ADA/question
- Admin fee: 10.5 ADA/hour
- Whiteboard clip fee: ~1238 ADA/video
-Script: 26.25ADA/1hour (~ 16hour/video)
-Creative: 19ADA/1hour (~10hour/video)
-Design: 19 ADA/hours (~14hour/video)
-Edit video: 29.4 ADA/hours (~12,5hour/video)
Admin's workload: 2 people
- Working hour (~2h per day)
- Post articles on facebook, telegram, website
- Interact and answer directly with the community
- Manage game campaigns (create questionnaires on the website, control the entire game process, make quick daily reports)