Decentralized Betting Platform on Future Interest Rate

[GENERAL] Name and surname of main applicant

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

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

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

We will make an MVP for betting on Liqwid's future interest rate using smart contracts on the Cardano network, ensuring transparency and immutability in every bet, outcome, and reward process

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

[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?

[GENERAL] Please provide here more information on the open source status of your project outputs

Smart contracts will be open-source

[METADATA] Horizons

[SOLUTION] Please describe your proposed solution

Problem Perception

We perceive the problem in centralized betting platforms as primarily revolving around three key issues: lack of trust, transparency, and fairness.In centralized systems, users have no control over the betting process, and they must trust that the platform is acting fairly, managing funds properly, and offering unbiased outcomes. Additionally, centralized platforms also struggle with payment authentication, delayed payouts, and local regulatory restrictions, which hinder global participation.

Approach Rationale and Unique Solution

Our approach leverages blockchain technology, specifically the Cardano network, to solve these issues by decentralizing the entire betting process. By using smart contracts, we ensure that every transaction, bet, outcome, and reward distribution is transparent, tamper-proof, and automated.

With Cardano blockchain, we bring a transparent and secure platform where users have full control over their funds and outcomes are dictated by immutable smart contracts. This removes the possibility of human error or manipulation, fosters trust in the system.

In the project scope, we aim to create a betting system for predicting future interest rates on the Liqwid protocol. Here's a breakdown of the key features:

• Create a bet on the interest rate of a specific asset within a future time range
• Place a bet: user can buy tickets to place bets on the outcome
• Compute result and reward: any user can build a transaction to calculate the result and determine the winners
• Withdraw: winning users should be able to withdraw their rewards

Here is the first version of the mockup design for detailing a bet

Our project brings values for:

• Users: They benefit from transparency and fairness, as well as greater control over their betting activities.
• Cardano Ecosystem: By building on Cardano, we contribute to its growing DeFi ecosystem and help to drive adoption of its infrastructure.

Conclusion

This project strengthens Cardano's position as a blockchain for real-world applications, while also adding value to the overall ecosystem by bringing in new users, developers, use cases and increasing transactions.

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問題認識

私たちは、中央集権型のベッティングプラットフォームにおける問題を、主に以下の3つの重要な課題に集約できると認識しています。信頼の欠如、透明性の不足、公平性の欠如です。中央集権型のシステムでは、ユーザーはベッティングプロセスをコントロールできず、プラットフォームが公正に運営され、資金を適切に管理し、偏りのない結果を提供していると信じるしかありません。さらに、中央集権型のプラットフォームは、支払い認証や支払い遅延、地域の規制制約に苦しんでおり、グローバルな参加を妨げています。

アプローチの理由と独自の解決策

私たちのアプローチは、これらの問題を解決するために、ブロックチェーン技術、特にCardanoネットワークを活用しています。スマートコントラクトを使用することで、すべての取引、ベット、結果、および報酬の分配が透明で改ざん不可能であり、自動化されます。

Cardanoブロックチェーンを使用することで、ユーザーが資金を完全にコントロールし、結果が不変のスマートコントラクトによって決定される、透明で安全なプラットフォームを提供します。これにより、人為的なエラーや操作の可能性が排除され、システムへの信頼が醸成されます。

プロジェクトの範囲では、Liqwidプロトコルの将来の金利を予測するベッティングシステムの構築を目指しています。以下は、主要な機能の概要です：

• 特定の資産の将来の期間内の金利に対してベットを作成
• ベットの配置：ユーザーは結果にベットするためのチケットを購入できる
• 結果の計算と報酬：どのユーザーもトランザクションを構築して、結果を計算し、勝者を決定できる
• 引き出し：勝者のユーザーは報酬を引き出せる

私たちのプロジェクトがもたらす価値：

• ユーザー：透明性と公平性を享受し、ベッティング活動に対するコントロールを強化
• Cardanoエコシステム：Cardano上で構築することで、DeFiエコシステムの成長に貢献し、そのインフラの採用を促進

結論

このプロジェクトは、実世界のアプリケーション向けのブロックチェーンとしてのCardanoの位置を強化し、新しいユーザー、開発者、ユースケースを引き込み、トランザクションを増加させることでエコシステム全体に価値を追加します。

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Percepción del problema

Percibimos que el problema en las plataformas de apuestas centralizadas gira principalmente en torno a tres cuestiones clave: la falta de confianza, la falta de transparencia y la falta de equidad. En los sistemas centralizados, los usuarios no tienen control sobre el proceso de apuestas y deben confiar en que la plataforma actúe de manera justa, gestione los fondos adecuadamente y ofrezca resultados imparciales. Además, las plataformas centralizadas también enfrentan problemas con la autenticación de pagos, pagos retrasados y restricciones regulatorias locales, lo que dificulta la participación global.

Razonamiento del enfoque y solución única

Nuestro enfoque aprovecha la tecnología blockchain, específicamente la red de Cardano, para resolver estos problemas mediante la descentralización del proceso de apuestas. Al utilizar contratos inteligentes, garantizamos que cada transacción, apuesta, resultado y distribución de recompensas sea transparente, a prueba de manipulaciones y automatizada.

Con la blockchain de Cardano, ofrecemos una plataforma transparente y segura donde los usuarios tienen control total sobre sus fondos y los resultados son determinados por contratos inteligentes inmutables. Esto elimina la posibilidad de errores humanos o manipulaciones, y fomenta la confianza en el sistema.

En el alcance del proyecto, nuestro objetivo es crear un sistema de apuestas para predecir las tasas de interés futuras en el protocolo Liqwid. A continuación, se presenta un desglose de las características clave:

• Crear una apuesta sobre la tasa de interés de un activo específico dentro de un rango de tiempo futuro
• Realizar una apuesta: el usuario puede comprar boletos para apostar en el resultado
• Calcular el resultado y la recompensa: cualquier usuario puede crear una transacción para calcular el resultado y determinar a los ganadores
• Retiro: los usuarios ganadores deben poder retirar sus recompensas

Nuestro proyecto aporta valor a:

• Usuarios: se benefician de la transparencia y equidad, así como de un mayor control sobre sus actividades de apuestas.
• Ecosistema de Cardano: al construir sobre Cardano, contribuimos a su creciente ecosistema DeFi y ayudamos a impulsar la adopción de su infraestructura.

Conclusión

Este proyecto fortalece la posición de Cardano como una blockchain para aplicaciones del mundo real, al tiempo que añade valor al ecosistema en general al atraer nuevos usuarios, desarrolladores, casos de uso y aumentar las transacciones.

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问题认知

我们认为，集中式博彩平台的问题主要围绕三个关键问题：缺乏信任、透明度和公平性。在集中式系统中，用户无法控制博彩过程，必须信任平台公正操作、妥善管理资金并提供不偏不倚的结果。此外，集中式平台还面临支付验证问题、延迟支付以及本地监管限制，这阻碍了全球参与。

方法理由及独特解决方案

我们的方案利用区块链技术，特别是Cardano网络，来解决这些问题，通过去中心化整个博彩过程。通过使用智能合约，我们确保每笔交易、下注、结果和奖励分配都是透明的、防篡改的，并且是自动化的。

通过Cardano区块链，我们提供了一个透明且安全的平台，用户可以完全控制自己的资金，结果由不可更改的智能合约决定。这消除了人为错误或操作的可能性，增强了系统的信任度。

在项目范围内，我们旨在创建一个基于Liqwid协议的未来利率预测博彩系统。以下是主要功能的概述：

• 创建一个在未来时间范围内对特定资产的利率进行投注
• 下注：用户可以购买门票下注结果
• 计算结果和奖励：任何用户都可以构建交易来计算结果并确定获胜者
• 提现：获胜用户可以提取他们的奖励

我们的项目为以下群体带来价值：

• 用户：他们受益于透明和公平，并且对自己的博彩活动有更多的控制权。
• Cardano生态系统：通过在Cardano上构建，我们为其不断增长的DeFi生态系统做出贡献，并推动其基础设施的采用。

结论

该项目强化了Cardano作为现实世界应用区块链的地位，同时通过吸引新用户、开发者、用例并增加交易量，为整个生态系统增值。

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

By offering a real-world use case, we can attract users to the Cardano ecosystem. As more users engage with our platform, we will contribute to a significant increase in transactions on the Cardano network. Additionally, the project's success will create further opportunities for real-world decentralized applications on the Cardano network.

Measuring Impact:

• User Adoption: Track the number of users connecting Cardano wallets and placing bets.
• Number of bets placed: payout transactions

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実際のユースケースを提供することで、Cardanoエコシステムにユーザーを引き寄せることができます。より多くのユーザーが当プラットフォームに参加するにつれて、Cardanoネットワーク上の取引量の大幅な増加に貢献することになります。さらに、プロジェクトの成功は、Cardanoネットワーク上での実世界の分散型アプリケーションの新たな機会を創出します。

インパクトの測定：

• ユーザー採用：Cardanoウォレットに接続し、ベットを行うユーザー数を追跡。
• ベット数：支払い取引

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Al ofrecer un caso de uso en el mundo real, podemos atraer usuarios al ecosistema de Cardano. A medida que más usuarios interactúan con nuestra plataforma, contribuiremos a un aumento significativo de las transacciones en la red de Cardano. Además, el éxito del proyecto creará más oportunidades para aplicaciones descentralizadas en el mundo real en la red de Cardano.

Medición de impacto:

• Adopción de usuarios: Seguimiento del número de usuarios que conectan billeteras de Cardano y realizan apuestas.
• Número de apuestas realizadas: Transacciones de pago.

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通过提供真实世界的用例，我们可以吸引用户到Cardano生态系统。随着越来越多的用户参与我们的平台，我们将为Cardano网络上的交易量大幅增长做出贡献。此外，项目的成功还将为Cardano网络上的真实世界去中心化应用创造更多机会。

影响衡量：

• 用户采用情况：跟踪连接Cardano钱包并进行投注的用户数量。
• 投注次数：支付交易。

[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?

Our team is well-positioned to successfully deliver this decentralized betting system on Cardano due to the following strengths:

• Experienced Developers

Our team consists of developers with deep expertise in the Cardano blockchain and software development. Additionally, our project lead has more than 10 years of experience in large-scale product development, ensuring a solid foundation for managing complex tasks and delivering quality results

• Effective Scrum Team

We operate using an agile methodology, with daily standups, sprint planning, and retrospectives. This ensures that tasks are aligned with project goals, milestones are met on time, and any obstacles are swiftly addressed.

We will manage funds with a milestone-based approach, allocating resources as each stage is completed. Transparent reports and evidence will be provided to ensure accountability and maintain trust throughout the project.

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

Project Planning and Design (1 month)

Milestone outputs: Project plan, design mockups for the MVP

Acceptance criteria:

- A detailed project scope and requirements document

- User interface (UI) and user experience (UX) designs

- High-level architecture design

Evidence of milestone completion:

- Link to the requirements document

- Link to the UI/UX designs (Figma)

- Link to the architecture design

Development and Testing Phase 1 (2 months)

Milestone outputs: This phase involves the actual development and coding of several features, including:

- Connect Wallet

- Create, list, and detail a bet where the outcome is the future borrow or supply interest rate on the Liqwid protocol.

- Buy a ticket and place a bet on an outcome

Acceptance criteria:

- Fully implementation of the above features

Evidence of milestone completion:

- Link to the platform on Testnet (including the above features)

- A guideline document

Finish the Remaining Product Development and Testing (2 months)

Milestone outputs: We will develop the remaining features based on the specified requirements, including:

- Compute bet result and reward: any user can build a transaction to calculate results and determine the winners.

- Withdraw: winning users should be able to withdraw their rewards.

Acceptance criteria:

- All features are full implemented and function seamlessly together.

Evidence of milestone completion:

- Link to the platform on Testnet (including all features)

- A complete guideline document

Final Project Completion Report and Video (1 month)

Milestone outputs:

- Launch platform on Testnet

- Final closeout report

- Final closeout video

Acceptance criteria:

- A closeout report and closeout video summarizing the process and results of the entire project

Evidence of milestone completion:

- Link to the platform on Testnet

- Link to the video and report

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

Project Lead

[Thanh Nguyen] - Responsible for overall project management

Developers

[Nghia Ngo Duc] - Blockchain developer

[Quyet Le Minh] - Full stack developer

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

Milestone 1:

• Product design: 20 hours x 200 ADA = 4000 ADA
• Project management: 15 hours x 100 ADA = 1,500 ADA

Total milestone 1: 5,500 ADA

Milestone 2:

- Project management: 15 hours x 100 ADA = 1,500 ADA

- Development: 150 hours x 100 ADA = 15,000 ADA

Total milestone 2: 16,500 ADA

Milestone 3:

- Project management: 15 hours x 100 ADA = 1,500 ADA

- Development: 150 hours x 100 ADA = 15,000 ADA

Total milestone 3: 16,500 ADA

Final Milestone:

- Project management: 20 hours x 100 ADA = 2,000 ADA

- Marketing on Testnet: 3,000 ADA

Total final milestone: 5,000 ADA

Total project: 43,500 ADA

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

The project serves as a pilot model showcasing the feasibility of real-world applications on the Cardano platform. Once implemented, it is expected to boost user participation in DeFi platforms and increase transaction volume. This expansion will enhance liquidity, strengthen the DeFi community, and make the Cardano network more appealing to users.