cardano donor reward

[GENERAL] Name and surname of main applicant

Betel shibeshi

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

Entity (Incorporated)

[GENERAL] Requested funds in ada

30000

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

9

[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)

The Cardano Donor Reward System enables ADA donations, rewarding donors with staking benefits while empowering recipients to access funds directly for their needs.

[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.”

The Cardano Donor Reward System project has critical dependencies essential for its successful implementation. First, it relies on the Cardano community, which plays a vital role in the ecosystem. The engagement and support of community members are necessary for promoting the platform, attracting donors, and ensuring that the system aligns with community values and goals. A strong connection with the Cardano community will also enhance trust and credibility, encouraging wider participation.

Additionally, the project depends on a community of donors who are willing to contribute to various causes through the platform. Their active participation is crucial for the system's functionality and sustainability. To motivate donors, the project must offer attractive rewards and transparent processes that resonate with their philanthropic goals. Building a strong relationship with donors will foster a supportive environment that drives the project's success.

[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

Making the Cardano Donor Reward System open source offers several advantages. By providing public access to the codebase, it encourages collaboration and innovation from developers within the Cardano community. This transparency builds trust among users, as anyone can inspect the code for security and functionality.

Open sourcing the project also allows for quicker identification and resolution of issues, leading to a more robust and reliable platform. Furthermore, it fosters community engagement, as contributors can propose improvements and new features, ultimately enhancing the system’s capabilities and user experience. Overall, an open-source approach aligns with the principles of decentralization and collective ownership, which are core to the Cardano ecosystem.

[METADATA] Horizons

Connected Community

[SOLUTION] Please describe your proposed solution

The Cardano Donor Reward System addresses the issue of donor fatigue, where donors, especially from well-off economies, may lose motivation to donate due to the one-way nature of traditional charitable giving. Often, donors give without receiving any tangible feedback or benefit, leading to a decrease in long-term contributions. To solve this, our platform will allow donors to make contributions using ADA, Cardano’s cryptocurrency, and in return, they will earn staking rewards. This system not only incentivizes donors by providing a financial return on their donations but also encourages them to stay engaged over time. By creating this rewarding cycle, donors can continue supporting those living in adversity while benefiting from their contributions, making global charitable giving more sustainable and impactful. This approach fosters a sense of shared growth and community, driving a globalized connection between donors and recipients.

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

The Cardano Donor Reward System can create a significant positive impact within the Cardano community by enhancing the appeal of charitable giving through blockchain technology. By incentivizing donations with staking rewards, the project encourages greater participation from both existing Cardano users and new donors, increasing the overall adoption of ADA.

This initiative not only strengthens community ties but also demonstrates the practical applications of Cardano’s technology in promoting social good. As donors experience tangible benefits from their contributions, their trust and engagement with the Cardano ecosystem grow, fostering a culture of ongoing support for various causes.

Moreover, this project enhances Cardano’s reputation as a platform that merges financial growth with humanitarian efforts, positioning it as a leader in leveraging blockchain for positive societal change. Ultimately, the Cardano Donor Reward System contributes to building a more robust, engaged community that supports both individual and collective well-being.

[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?

-The Cardano Donor Reward System incentivizes charitable giving by rewarding donors with staking rewards from their contributions. Donations are pooled into a staking fund, generating interest for both donors and causes.

-This system promotes ADA adoption, enhances community trust through transparency, and positions Cardano as a leader in blockchain-based philanthropy, fostering greater participation and support for social impact initiatives.

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

Research and Planning

Platform Development

Testing and Feedback

Marketing and Outreach

Launch and Evaluation

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

For the Cardano Donor Reward Project, the roles can be divided as follows:

-Platform Development:

Betel Shibeshi will focus on designing and building the donor reward platform.

Responsibilities include coding, integrating smart contracts, and ensuring a secure user interface.

Conduct testing and implement feedback for functionality and user experience.

-Networking and Outreach:

Yikanu Shibru will manage partnerships with charitable organizations and stakeholders.

Develop marketing strategies to engage potential donors and promote the platform.

Organize community events and outreach programs to raise awareness and drive participation.

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

Cardano Donor Reward Project with a total budget of 30,000 ADA:

1,Development Costs (12,000 ADA)

Salaries for developers: 8,000 ADA

Software tools and licenses: 2,000 ADA

Hosting and server expenses: 2,000 ADA

2,Marketing and Outreach Costs (10,000 ADA)

Advertising expenses (social media, online ads): 5,000 ADA

Community event costs (venue, materials, etc.): 3,000 ADA

Promotional materials (brochures, flyers): 2,000 ADA

3,Operational Costs (5,000 ADA)

Office supplies and equipment: 1,500 ADA

Communication tools (software subscriptions, etc.): 1,000 ADA

Miscellaneous expenses (travel, logistics): 2,500 ADA

4,Contingency Fund (3,000 ADA)

Reserved for unexpected expenses: 3,000 ADA

Total Budget: 30,000 ADA

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

The Cardano Donor Rewards project offers excellent value for money by incentivizing donors through rewards and staking, enhancing donor engagement and retention. This approach promotes sustainable giving, amplifies community support, and fosters a transparent donation process, maximizing the impact of every ADA contributed. By utilizing the Cardano ecosystem's low transaction fees and secure technology, the project ensures efficient use of funds while driving meaningful change for those in need.