Cardano Oracle DAO

[GENERAL] Name and surname of main applicant

Fanny Wijaya

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

Entity (Incorporated)

[GENERAL] Co-proposers and additional applicants

Co Proposers:

Randy - Managing Director for Marketing and Front End

Additional Applicant:

1. Felix - Community Manager Cardano Hub Surabaya
2. Alfino - Tech Lead Cardano Hub Indonesia and Oracle DAO owner
3. Syahvril - Product Lead Cardano Hub Indonesia and Oracle DAO

Cardano Hub Surabaya and Cardano Workshop Jakarta

[GENERAL] Requested funds in ada

99750

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

7

[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)

1. Multi chain indifference and disadvantages makes us to build infrastructure on Cardano
2. OffChain solution that still using native ADA, direct benefit for treasury and applied technology

[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

Project will be fully open source. MIT License 3 will be recognized as our benchmarking to show transparency and visibility toward this project. 

[METADATA] Horizons

Infrastructure

[SOLUTION] Please describe your proposed solution

Rationale of the Project:

The urgency to create the groundbreaking integrated entity between Cardano Hub Indonesia and Oracle DAO has come. In order to get a real value proposition from both sides and fulfill the blank page of the web 2 industry in Indonesia, waiting to enhance the business model and technology from Cardano ecosystem.

What is Oracle DAO: 

Oracle DAO is a decentralized Data Aggregator to help, facilitate, and integrate web2 and web3. Also as a provider of data trustworthiness, also data customization for implementation and support migration from web2 to web3.

Also as an infrastructure for web3 and or web2 as a decentralized data storage for the transition from old technology (Centralized database) to new technology (Blockchain / Decentralized).

Main Utility as it is integrated with Cardano ecosystem

A. Our utility as a decentralized oracle platform provider as DAO to collect, validate, and as a bridge for off-chain data needed for the application and implementation and also rewarding Staker DAO members.

B. Facilitating the implementation of blockchain (Cardano) as a place to store data

C. Helping developers, entities, and or organizations to implement, and or integrate cardano as a replacement for their database/data storage

D. implementation of data customization for the needs of entities, organizations and or developers as needed

E. as an infrastructure provider of data needs that can be used to store, validate, and maintain the integrity and security of data

F. Enable the community to have rights for voting

G. Front End visualization examples

Kindly check the link below:

https://oracle.dao.comunitynode.my.id/

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

Deliverables to Impact outputs:

1. Facilitate Developers in particular (Cardano community) to obtain data according to their needs.
2. This effort will pull the existing entrepreneurs among Cardano Hub Indonesia Community.
3. Grab more community that has not been reached.
4. Assist and introduce to organizations, Communities, and or developers to integrate their data into cardano as an integration of their data storage and availability.
5. This will accumulate more interest and nail some vocal points to see demands in the existing market.
6. As a commission platform for a data provider, if applicable and according to the agreement with partners in the future.
7. Native ADA utilization to show the origin of the technology branding.

Marketing Utility in this project

1. Since we are open source, we can help the entities or companies in terms of transaction history in blockchain(Cardano)
2. Incentivize partners with native ADA, this will accord to the agreement between both parties
3. Targeting the POS/commerce, shipping/ logistic, warehouse companies as such it will broaden the spectrum of our customer persona, we will target the small and medium enterprise, along with startups.
4. Social media account to accommodate community interest and company, hiring field and digital marketing after the project ends to keep the project sustainability.

Impact of the project:

Acceptance criteria parameters in term of quantity:

1. Numbers of social media group reached
2. Numbers of outputs produced on Cardano Oracle DAO Indonesia
3. Numbers of entity onboard to applied technology of Cardano( varied from phases )
4. Amount of fee collected from future dealing
5. Number of community on social media group

[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?

“As a team that has been formed, and has some experience in the field of blockchain/ crypto/ dapps developers, we strongly believe in the platform we created. We also created this platform as a bridge and infrastructure for our development of Dapps in the next project.”- Oracle DAO Founder -

Standards we will use in this project:

Globalization of Plutus contract development standards, Audit Code Internally/Externally.

Development requires in this project:

Oracle DAO has been running on EVM chain as infrastructure and hackathon winner Planq Network, our development needs are cardano implementation as new chain/blockchain for data integration. Core contract development uses plutus for integration and SDK will use TS and Js as backend bridge and interface, necessary to research the best interface suit for business to business.

Evidences:

https://dorahacks.io/hackathon/planq/results-2

Supporting actions eligible in this project:

Marketing support is very helpful for our team, and also introduction to other Communities, organizations, and developers for the implementation and migration of their centralized database into the cardano ecosystem using our platform. In return we make it easy for developers to get data that is always available and SDK tools and implementation documentation.

Therefore we need more capital in order to make this project running and give impact to the Cardano treasury, Cardano Hub Indonesia, and Companies.

To support the lifespan of this project, we decide to combined the contents to be keep updated by the action of Cardano Hub Indonesia team members.

Cardano Hub Indonesia

The joint effort will produce strategic marketing campaign s to engage businesses and also train more developers from company and internally. This will benefit the project to generate a revenue stream and not end up to be a dead project. Many resources not being utilized as this DAO can see a better perspective toward the Indonesian and neighboring companies.

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

Timeline: Milestone 1 (Month 1 and 2)

Description: Contract migration from EVM to Cardano & Design Phase, Implementation of Front end Interface

Outputs:

1. Fully functional Core Contract/backend
2. Feed Data update,
3. Validator (Guardian oracle and data feeder handler) Deployment and Fully function
4. Implement Staking Interface, Data Price, input and edit form for custom data,
5. Create social media group on Telegram

Acceptance Criteria:

1. Successfully Integrate Cardano core contract in
2. Data feeder
3. Fee Distribute and reward   
4. Successfully retrieve data on client side
5. Functional front end for staking, dan custom input and or edit data
6. Targeting 100 person from diverse entities/ organization

Evidence of milestone completion:

1. link to github repository 
2. Demo video on Data collect, validation, and client request
3. link to landing page
4. Screenshot of Telegram group showing number of community

Timeline: Milestone 2 - (Month 3)

Description: Development and integration of Governance token and SDK

Outputs:

1. Front end Interface for Governance Stake, and Vote
2. Interface For claiming Reward Stake from Pools reward
3. Finish phase of Front end Interface
4. SDK Docs, and 1 API, for public fetch and test
5. Conduct 3 AMA and in person meetup 

Acceptance Criteria:

1. Finish interface with fully functional 4 page Staking, Claim, vote, and customization data.
2. Front-end code has been developed. And host to production Completed specifications document for the smart contract.
3. Minimum SDK and docs how to access or retrieve data from our project 3 test and trial open proposal and vote test staking and and calling fee to distribute fee SDK Publish and implement plutus minimum/example code
4. AMA with conversion to wallet or to Telegram group

Evidence of Milestone Completion:

1. A link to video demo
2. A link to fully functional Dapps
3. Link to Docs and minimum SDK
4. A link to a document containing the final specifications for the smart contract.
5. AMA videos and report on Cardano Forum

Timeline: Milestone 3 - (Month 4 and5)

Description: Completed SDK, and internally audit

Outputs:

1. Conduct Testing and fuzzing smart contract on cardano for further internally security and test
2. Publish Fully open Source program
3. Conduct comprehensive testing to ensure code correctness of open-source dapp and smart contract code.
4. Finalize and completed SDK repository and Docs 
5. Deploy a project on Cardano mainnet.
6. Deploy 1 example Dapps on implementations SDK and 
7. Active campaign to web 2 events and exhibitions: 3 times, this output will be maintained as it is necessary for Oracle DAO Indonesia to be preserved.

Acceptance Criteria:

1. The smart contract design and code is published to an open-source repository on GitHub.
2. Successful tests with no critical issues.
3. Documentation is available for review by the milestone reviewers and the wider Cardano community.
4. Usability feedback has been solicited from the community.
5. Successful project deployment with no critical issues.
6. Demo video about interaction between oracle and client dapps
7. fully functional Dapps, and SDK
8. Usage and feedback document compiled.
9. The expected outcome from active campaign will show potential collaboration 

Evidence of milestone completion:

1. A link to the initial smart contract code submitted to the project’s GitHub
2. A link to the section of the project’s open-source GitHub repo pointing to relevant documentation.
3. Links to the usability research form used to solicit feedback from the community and potentially a link to a document that compiles relevant findings.
4. The results of the tests will be published to the project repository and linked.
5. Demo on dapps client or web2 client to data feed price
6. Comprehensive documentation for the project will be published to the project’s GitHub repository, gitbook.
7. Cardano mainnet tx. IDs demonstrating successful usage SDK and core project.
8. Screenshots demonstrating that the project has been promoted to the Cardano community on Twitter, Discord and YouTube.
9. Video tutorial, Docs, and SDK publish
10. Photos and report on potential collaboration entities

Timeline: Milestone 4 - (Month 6)

Description: Fully launch product and connected infra to next DApps

Outputs:

1. Fully launch public on mainnet cardano
2. Fully publish Core Contract and validator data feeder
3. Implement and active marketing for get more user and data integration to cardano blockchain
4. Create proposal for the client offering

Acceptance Criteria:

1. Fully mainnet operational
2. Proposal for the client offering setup with user documentation
3. Completed docs and repository everyone can copy fork and edit
4. Have 1 Implementation data feed for public shared data

Evidence of milestone completion:

1. Medium links and Cardano Forum links
2. Link to the document containing detailed user for Oracle DAO 
3. Link to fully launch mainnet, Docs, And public repo
4. Link to 1 Implementation data feed for public shared data on fully launch dapps/website
5. More rich docs in SDK for marlowe and opshin(Post launch)

Final Milestone:

Output

1. Final close out report
2. Final close out video

Acceptance Criteria

1. Close out report available for public and Cardano Forum
2. Close out video available for public and Cardano Forum

Evidence of milestone Completion:

1. Link for Github
2. Link for Close out report and video

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

Project Accountability: 

Fanny Wijaya as Proposer

The idea developed into this proposal, Fanny showing dedication toward growth of Cardano Hub in Indonesia, as well as being a Cardano Ambassador Indonesia. Fanny will act as project manager and ensure the financial accounting proper with her budgeting model.

Randy Cardano Hub Indonesia Community Manager as Managing Front-end 

Future value taker, showing opportunity toward the Oracle Dao by building infrastructure and ecosystem on Cardano. Randy acts as director for segmentation, targeting and positioning toward web 2 Industry in Indonesia. He will be in charge heavily on milestone 4.

Felix as Surabaya Lead and Host for Cardano Summit 2024

An agile movement of Cardano Community led in Surabaya city, the person showed endless support toward fair conditions. He will be in charge for Milestone 1 and 3

Alfino as Tech Lead for Cardano Developer Enthusiast and Oracle DAO owner.

His milestone to get strategic positioning on ETHglobal event in Singapore recently has made up his mind to join Cardano Hub Indonesia ecosystem. Alfino will be in charge for the 1st milestone till the 3rd milestone.

Syahvril as Backend team for Cardano Oracle DAO.

The supporting team of Oracle DAO, an active person toward Hackathon globally and show product management ideation and plans.

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

Cardano Oracle DAO: Detailed Budget Breakdown

Development Cost + Project Management Cost = Total Budget

A 58,750.00 +A 41,000.00 = A 99,750.00

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

Predecessor values conversion

Cardano Hub Indonesia and Oracle DAO become one for long term sustainable action. The effort of in person activities in Surabaya city resulted in interest, training, and unification of several industries, both web 2 and standalone web 3 projects that are in demand to be part of Cardano Hub Indonesia.

Budget represent value of money

$0.4017 ADA as our initial benchmark and $0.38 supporting trendline for the moment. We have shown an ADA budgeting model to show our beliefs toward the market price action. 

Efficiency to Effectiveness of the project proposal

With our existence combined, we will get ahead of our partnership with future collaboration among companies and enterprises in Indonesia and neighboring countries. To make a sustainable and responsible ecosystem, this amount of requested funds is divided into initiation plan till marketing plan, which we believe will encourage more cardano blockchain utilization toward business actors.

Weighted Values to the project’s ratio in ADA

The community building will be visible on social media and showing marketing programs toward industries by utilizing the website application and making direct engagement to entities. Notably this effort will impact several types of reactions and responses that benefit both actors. Each person in this project will have strategic positions and roles to bring an agile project and responsibility foundation toward the community and clients.