One of Cardano's current weaknesses is the lack of marketing and new users entering its ecosystem. Snek aims to address this significant issue with this proposal.
This is the total amount allocated to Snek x Max Maher: Marketing Activation to Boost Onboarding to Cardano DeFi.
NB: Monthly reporting was deprecated from January 2024 and replaced fully by the Milestones Program framework. Learn more here
Max Maher
We will capitalize on the power of memes and from Snek and Max Maher networks to design and implement a strategic marketing plan focused on onboarding new users to Cardano DeFi apps.
No dependencies.
There is no code to access and all the project outputs will be publicly available.
TL;DR:
Our proposal aims to boost onboarding to Cardano's Decentralized Finance (DeFi) through strategic marketing activations, partnerships with key opinion leaders (KOLs), educational content, and community engagement. We aim to increase active user numbers and transaction volumes by leveraging Max Maherâs network and marketing expertise.
Proposed solution:
Our proposed solution involves a strategic marketing activation to boost onboarding to Cardano's Decentralized Finance (DeFi). We perceive the problem as a lack of awareness and understanding of the benefits and opportunities within Cardanoâs DeFi ecosystem.
Our approach is to use a combination of educational content, influencer partnerships, and community engagement to encourage more users to explore and use Cardano's DeFi. We will specifically engage with both existing cryptocurrency users and potential new users who may not yet be familiar with DeFi.
We will partner with existing products or tools to demonstrate our onboarding impact. We will validate users' adoption and track metrics such as number of active users, transaction volumes and number of trades as well as community feedback. Our solution is unique because it combines a deep understanding of the Cardano ecosystem with proven marketing strategies.
Snek and memecoins in general contribute significantly to the onboarding process due to their capacity to engage communities, gain viral traction, and provide educational value. Memecoins are frequently the initial cryptocurrency newcomers encounter, positioning Snek ideally for this promotional endeavor.
This project is important to Cardano because it will help to grow the ecosystem and demonstrate the real-world utility of Cardano's DeFi offerings.
Deliverables will include:
Beyond the immediate benefits, our project also aims to enhance the long-term growth and sustainability of the Cardano ecosystem. By fostering a knowledgeable and engaged user base, we can facilitate the development of more sophisticated and diverse DeFi applications on the platform.
Moreover, we believe in the potential of DeFi as a force for financial inclusion and empowerment. By making DeFi more accessible and understandable to the average user, we can help to democratize access to financial services and create more equitable financial systems.
The success of marketing campaigns around Snek and its various products will bring immediate value to the Cardano community by onboarding new users to the chain. These same users learning about Snek and Cardano for the first time, eventually participate in the rest of the ecosystem, explore DeFi, NFTs, etc. Success can and will be easily measured by the growth of holder count as well as the increased trading volume across the entire ecosystem.
Snek expertise:
Max Maher expertise:
Marketing strategy and activation requirements
A: Milestone outputs
B: Acceptance criteria
C: Evidence of milestone completion
KOL agreements and backend infrastructure implementation
A: Milestone outputs
B: Acceptance criteria
C: Evidence of milestone completion
Content creation and frontend infrastructure implementation
A: Milestone outputs
B: Acceptance criteria
C: Evidence of milestone completion
Marketing plan rollout and final onboarding report
A: Milestone outputs
B: Acceptance criteria
C: Evidence of milestone completion
The project will be delivered by Snek with Max Maher as part of its core contributors.
Snek
Socials:
Core contributors:Â
Roles:
Total Budget: 100,000 ADA
Onboarding, onboarding, onboarding. Over many years, memecoins has proven to be the best method of onboarding new users to a chain. They are simple to understand, provide a place of community and fun for everyone, and have always been the simplest way to showcase and introduce web3 to a non-crypto user. This marketing campaign around Snek will be used with the main purpose of educating non-cardano users about our chain, our wallets, and our many dApps which Snek is integrated with. This will not only continue to bring new users to our chain, but will increase trading volume and visibility for Cardano as a whole.