Cardano Quest, Promote your DeFi for the cardano community

[GENERAL] Name and surname of main applicant

Fraol Bereket

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

Individual

[GENERAL] Requested funds in ada

44500

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

5

[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)

Using Cardano Quest DeFi's and Dapp's can increase their user base, increase their social media followers and do their TestNet programs while users will be learning about projects, and win prizes.

[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

The project will be released on open-source GitHub using the MIT License.

[METADATA] Horizons

Marketing

[SOLUTION] Please describe your proposed solution

This project is based on one of the leading web3 community platform Galaxe. Where companies or projects promote their products and gain social media followers and users for their products.

Problem Statement:

A lot of creative Dapp's and DeFi initiatives have trouble taking off and being noticeable in the crowded blockchain market. Conventional marketing techniques frequently fail to captivate consumers and create a devoted following. A new strategy that not only supports these initiatives but also compensates consumers for their involvement is required.

Solution:

Cardano Quest will be a platform where Cardano based companies promote their products and gain users and increase their social media followers. users can discover, engage with, and earn rewards from Cardano Dapp's and DeFi projects. The platform will feature a series of quests or tasks designed to promote specific projects. These tasks could include:

• Following a project's social media accounts
• Retweeting project announcements
• Participating in TestNet activities or providing feedback
• Completing educational modules or quizzes about the project
• Users who complete these tasks will earn points or tokens that can be redeemed for rewards, such as NFTs, project tokens, or exclusive project benefits. The platform will also feature leaderboards, achievements, and social sharing functionalities to enhance user engagement and competition.

Objectives:

• Increase visibility and awareness for Cardano-based DApps and DeFi projects.
• Drive user engagement and community growth for these projects.
• Provide users with incentives to participate in testnet activities and provide valuable feedback.
• Foster a vibrant and supportive community around Cardano-based projects.

Implementation:

Cardano Quest will be developed as a web-based platform, accessible to users on desktop and mobile devices. The platform will integrate with Cardano wallets for seamless token rewards distribution and will utilize smart contracts for transparent and secure reward mechanisms.

In conclusion, Cardano Quest represents a new frontier in promoting and engaging users with Cardano-based Dapp's and DeFi projects. By changing the traditional promotion process and incentivizing user participation, Cardano Quest will create a vibrant ecosystem of users, developers, and projects, driving the growth and adoption of the Cardano blockchain.

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

Cardano Quest will have a significant positive impact on the wider Cardano community in several keyways:

• Increased Visibility and Adoption: Cardano Quest aims to provide Cardano-based projects more exposure and traction by giving Dapps and DeFi companies a place to present their products and interact with customer

• Community Engagement and Collaboration: Cardano Quest will foster a sense of community among users, developers, and project team

• Incentivized TestNet Participation: By incentivizing users to participate in testnet activities and provide feedback, Cardano Quest will facilitate the development and testing of new features and functionalities for Cardano-based project

• Educational Opportunities: Cardano Quest will provide users with educational resources and opportunities to learn about blockchain technology, smart contract development, and the Cardano ecosystem

• Economic Empowerment: By rewarding users with tokens, NFTs, and other incentives, Cardano Quest will create economic opportunities for community member

Overall, Cardano Quest will play a vital role in building a vibrant, inclusive, and thriving Cardano community, driving adoption, innovation, and collaboration across the ecosystem.

[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?

I have been working on DeFi and blockchain-related projects for several years, building a strong understanding of decentralized technologies and specifically contributing to the Cardano ecosystem. My experience includes:

• DeFi Projects: I've developed and successfully launched various decentralized finance (DeFi) applications like X-Chain-Lend a cross chain lending platform and Aureus a real world asset tokenizer app, which demonstrates my deep knowledge of smart contracts, blockchain development, and decentralized ecosystems.
• Cardano Community Involvement: I’ve been an active member of the Cardano community, not only by participating in discussions but also by contributing to open-source Cardano projects. I’ve submitted several proposals to the Cardano Catalyst program (Unique Username based Cardano Wallet that Removes wrong Address Transaction (ideascale.com)) and helped improve tooling and resources for developers in the ecosystem. This involvement provides me with insights into the specific needs of the Cardano developer community and allows me to build solutions that are aligned with the network’s ethos.
• Open Source Contributions: My contributions to various open-source repositories in the Cardano (https://github.com/fraolb/) ecosystem have allowed me to develop practical knowledge of Cardano infrastructure, transaction signing mechanisms, and integration techniques.

Accountability and Trust:

I believe transparency is critical for trust and accountability. To ensure this, I will:

• Open Source the Project: The Project will be open-source from day one, allowing community oversight and contributions. This ensures transparency in the development process and fosters trust within the community.
• Regular Updates and Communication: I will provide continuous updates on the project’s progress through GitHub, Discord, and other Cardano community platforms. Milestones, challenges, and timelines will be openly shared to ensure stakeholders are informed at every step.
• Community Collaboration: I will actively engage with the Cardano community, gathering feedback during the development process and incorporating suggestions from experienced developers to ensure the package meets the highest standards.

Validation of Feasibility:

To validate the feasibility of the project:

• Prototype Development: I will build an initial working prototype of the Cardano Quest, focusing on core functionalities such as wallet integration and transaction payments and things that are required in the quest app. This will provide proof that the key functionalities are implementable and effective.
• Testing: Since the project is going to be a Defi, I will validate its performance through rigorous testing on both testnet and mainnet environments, ensuring smooth operation with real-world scenarios.
• User Testing & Feedback: Early versions of the package will be released to a select group of developers for testing. Their feedback will help refine and validate the design and approach.
• Benchmarking: The performance, security, and reliability of the package will be benchmarked against other similar solutions in the blockchain ecosystem, ensuring it is competitive and efficient.

This combination of my technical expertise, community involvement, and methodical validation process ensures I can deliver this project with high levels of trust and accountability.

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

Design Phase (Duration: 1 month)

Objective:

• Develop the application architecture and the use cases
• Finalize the UI/UX design of the application to ensure user-friendliness and accessibility.

Acceptance Criteria:

• Finished application architecture and finished use cases available on the Cardano Quest
• Completed UI/UX design reflecting user-centric design principles.

Development Phase (Duration: 2 months)

Objective:

• Build the UI of the application and integrate the Cardano wallets to connect to the application
• Conduct testing of the UI and the integration of the application

Acceptance Criteria:

• Fully finished website that users can interact with
• Wallet connection to the website
• Companies upload their products and users can look at posted products.

Beta Testing and Feedback (Duration: 1 month)

Objective:

• Launch the beta version of the Cardano Quest to receive feedback from the community
• Based on the collected feedback fix the rebuild the application

Acceptance Criteria:

• Fully documented report of the beta testers data and feedback 
• Fixed website based on the beta testers suggestion

Deploy Cardano Quest (Duration: 1 month)

Objective:

• Deploy the Cardano Quest
• Promote the Product by large campaign 

Acceptance Criteria:

• Deployed website where Dapps and DeFi’s can promote their products
• Users can participate on this quests that are available in the Cardano Quest

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

Fraol Bereket - Senior blockchain developer and lead developer

• LinkedIn : https://www.linkedin.com/in/fraol-bereket-bekele/
• GitHub : https://github.com/fraolb
• Website: https://fraol-portfolio.vercel.app/
• Email: Fraolbereket@gmail.com

Hire a UI/UX developer.

Hire a Cardano blockchain specialist.

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

Milestone 1: Design Phase (8000 ADA)

• Application architecture and Use cases: 3000 ADA
• UI/UX design of the application: 5000 ADA

Milestone 2: Development Phase (12000 ADA)

• Developers Payment: 12000 ADA (2 developers 3000 ADA per month for two month)

Milestone 3: Beta Testing and Feedback (14500 ADA)

• Developers Payment: 6000 ADA (2 developers 3000 ADA per month)
• Beta Testers Payment: 8500 ADA (170 testers 50 ADA per test)

Milestone 4: Deploy Cardano Quest (10000 ADA)

• Developers Payment: 3000 ADA (1 developer 3000 ADA per month)
• Hosting and Infrastructure cost: 2000 ADA
• Promotion Campaign: 5000 ADA

Total: 44,500 ADA (1 ADA ~ 0.35 USD)

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

The price for the payment of the developers is 3000 ADA (~ 1050$) per month which is almost the lowers payment for senior full stack developers.

The price of the designers is around 1750 $ which is the standard payment for designers who build a full UI and UX of this big application.

For beta testers 50 ADA per test is average payment for testing. and the testcases are going to be very big so this is an average price.

The last promotion campaign is going to be on our application. we are going to start our application by attracting users to use Cardano Quest by giving them task to complete and compete for some rewards.