SocialFi Cardano Hub Indonesia

[GENERAL] Name and surname of main applicant

Randy

[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

Proposer:

Randy - Project Manager SocialFi Cardano Hub Indonesia, Strategic Development Cardano Hub Indonesia

Co Proposser:

Syahvril Aditiya - Co-Project Manager SocialFi Cardano Hub Indonesia, Product Manager Cardano Hub Indonesia

Additional applicants:

1. Alfino - Tech Lead Cardano Hub Indonesia
2. Alfin - Graphic Design Cardano Hub Indonesia
3. Tutut Indah - Design for Social Media Specialist

[GENERAL] Requested funds in ada

59800

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

6

[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)

Combined IFPS ,Traditional Storage, & Social FI with Store large data Video on DB storage, IFPS for Assets NFT, Profil Pict and address DID account in Cardano Blockchain for payment and Stored data.

[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?

No

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

Private repository

[METADATA] Horizons

Social Media

[SOLUTION] Please describe your proposed solution

Background:

Decentralized Ecosystem for organization, Community and social media platforms.

Developing users and attracting people to use the social-fi platform where this platform can help the development of local and interlocal digital economy. With this social-fi platform, it will be very useful for the cardano community because they can connect with each other on this platform and can share important information about the development of the cardano blockchain.

There are a lot of mobile applications offering money management with community backing, e-commerce with less funding round that still has potential and not yet met their mature market condition, dating apps without any filters to make a good glance at it. The SocialFi will boost the existence of goodwill of any accountable entity that present in those applications.

Proposed concepts for Marketing

1. Social-Fi for Content Creators.Content creators can create premium/exclusive content for their fans. With this feature, content creators can generate revenue through premium subscribers from their fans from their content.
2. Validation for organizations/companies/artists. With this system, the social-fi platform can guarantee the authenticity of the account through user data verification.

Proposed concepts for Technical outputs:

Intended Outcomes in terms of marketing in the future:

1. Reaching 10k User local/interlocal For Using Social-Fi platform in a year.
2. Collaboration with cardano   DAO / Community for testing our social-fi platform
3. Add more users to connect to the wallet and be capable of using it swiftly.
4. Preparing community member to join the telegram group

External Areas of Interests possibility:

• Developers and builder:
• Jointly develop open-source tools, libraries, and frameworks to support Cardano development.
• Share knowledge and best practices related to Cardano development tools and libraries.
• Developer Ecosystem Growth:
• Partner on initiatives to attract and onboard new developers to the Cardano ecosystem especially in Indonesia
• Attract new developers from web 2/ traditional market/ institutions in Indonesia to onboard the ecosystem
• Partnerships and Integrations in the future:
• Explore partnerships with other projects and organizations to enhance the Cardano ecosystem.
• Collaborate on integrating Cardano with third-party applications, services, and protocols.

Technical Solutions :

1.  Unique account generated and stored from Address connected that store on Local DB
2. Store video on ifps and data to fetch post users . 
3. Stored User post as json data to locally DB.
4. Account and Access Control (SubScription, and fetch from Cardano Smart Contract ( For Viewers )
5. Implementation Of contract using plutus/aiken for Subscriptions payment ,management.
6. NFt as profile Pict and Verified Assets 
7. Implementation ifps for stored user content

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

Showing Utility from the Platform

1. Cardano represent as Subscription gateway and Account access management
2. Verified Profile : Increased trust from other users , Requirement for monetized content.

Technical Outputs

Rich and Further Usage Of Cardano Smart Contract for further implementation on Use Case especially on Digitized space, combined and proof of blockchain especially cardano can be combined and implemented in tandem with the Traditional System.

Further implement usage of aiken and plutus.

Generate Revenue Stream

The intention of this idea initiation of course will rely and be responsible to generate the revenue and get traction toward the Cardano ecosystem, this first step will help us to get a better view and acknowledge yourself to be known as web 3 builder on Cardano. The partnership with web 2 and traditional entities will boost the adoption, and for sure give pleasure to the users of our platform.

Our Roadmap in Indonesia:

Basic Features

1. Account Creation: Implement unique account creation utilizing wallet connect for user authentication.
2. Content Management: Enable users to create and manage posts, including status updates, video reels, and subscription-based content.

Low Function Goals

1. Account Registration: Successfully create a unique user account linked to a cryptocurrency wallet.
2. Subscription Payments: Facilitate payment processing for subscription accounts for content creators using a designated token.
3. Post Creation:

• Allow users to create public posts accessible to all.
• Enable the creation of subscription-only posts restricted to subscribed users.

1. Subscription Management: Allow User A to subscribe to the content creator's account for exclusive access to posts.
2. Engagement Features:

• Allow User A to view, comment on, and like both public and subscription-only posts.
• Restrict User B from accessing subscription-only posts, granting them the ability to view, comment on, and like only public posts if they have created at least one post themselves.

[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?

Accountability project management:

1. Prototyping the project, deployed on Cardano
2. Testing 
3. Community Audit
4. Community Building
5. Ambassador’s mentorship and accounting

With several testing and audits that come from our internal community, we believe that our approach is feasible and can be continuously maintained and show certain development according to our milestones below. Community audit and community building intentionally to support this project and start the brand positioning in Jakarta and Surabaya city as a sampling market and penetrate the South East Asian market with differences of index and ratio.

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

Milestone 1: (month 1)

• Title :Research Implementation and UI/UX  Interface
• Output  : 
• Minimum Contract Testing Script
• Mockup Front end and Backend Interface 
• Community Building for Pre-registration through Telegram Group Creation
• Promotional platform with local entity
• Acceptance criteria :
• Minimum Interface Mockup front end
• Minimum Working Testing Working Contract Script Repository
• Community member reached the first 100 member
• Promotional through AMA and articles published: 3 times
• Evidence of Milestone Completion:
• Link to design interface mockup (Figma)
• Link to Repository Interface
• Link to Telegram group
• Link to video and articles

Milestone 2: (Month 2 - 4)

• Title : Backend test and Development 
• Output : 
• Working implementation account creation of Aiken and or Plutus smart contract for subscription handler, user Subs handler  and use ada as payment 
• Documentation of the smart contracts and their functionalities.
• Pitch the platform to the university
• Acceptance criteria :
• Successfully run and test account creation, Subscription payment script 
• Successfully pay subscription for content creator, and subscription handler payment from user subs and send payment for content creator account owner
• Reached the university entity;students and get pre registration to another 100 person at least
• Evidence of Milestone Completion:
• Link repository of implementation account creation of Aiken and or Plutus smart contract  for subscription handler, user Subs handler  and use ada as payment 
• Video demonstration of the account creation and payment process.
• Google form of Pre registration members.

Milestone 3: (Month 5)

• Title : Front End and IFPS integration
• Output  : 
• Development for minimum Front end interface for user interaction, comment, like and implement profile picture as NFT
• Integration on IFPS for storing user generated content
• Compile the community from Telegram to Register the SocialFi website
• Acceptance criteria :
•  Working front Interface for creation Account, NFT as profile picture, comment, and like and post.
• Working minimum interface for public post and subscription post and also ticker verified content creator account
• The accumulated number of community members going to the SocialFi website, testing the account creation, post, comment, etc.
• Evidence of Milestone Completion:
• Link to public front end interface
• Link to github repository both interface and completely documentation for further use case
• Link to spreadsheet 

Final Milestone (1 month)

Close out Report process:

1. Compile Github
2. Compile documentations of photos and videos
3. Compile Community Groups
4. Compile marketing progress spreadsheet

Close out Video Report

1. Findings and recommendations to the Catalyst

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

Roles

• Main applicant and Co-Proposser Randy & Syahvril Aditiya. Roles in the proposal as Project Manager, ensure the goals and expectations from the team members are met. Encourage the team to use the WBS(Work breakdown structure) based on the Budget and Costs section as Randy will make one below, while preparing the strategic approach to make partnership in the project’s period. 
• Alfino will take responsibility toward deployment and execute the action of the proposed concept in terms of technical basis. While Alfin and Tutut support the existing links from this proposal, the design will make it easier for audience and reviewers to see whether this project really prepared the items needed to succeed. The vocational and workplace of the team will be accommodated in one place to make a good coordination between each other in Surabaya city. 
• To overcome business partners and further sustainable action to seek for investment, it will be handled with proposed voting from the whole team to decide which investor is the best for the platform.

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

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

Pre- condition of values within

Each milestone’s output will be weighted to the performance and searching for the approval from the milestone reviewer. In order to do that, the Project Manager will show accountable calculation based on the team’s division and timely manner outcomes. Working hours will encourage the whole team composition, while the partnership will be conducted parallel by giving announcements and any possible promotional activity to support the ecosystem.

Budget to treasury consideration

We agreed to use the market price as the benchmark of our requested funding and trust the value of ADA, subject to the whole rationalization of the rewarding applicants based on SDG reports in which going for international acknowledgment that none of our team is getting below the average and mistreated by the ecosystem internally. The result will be expected as the planned stated above in milestones sections; with the intention of showing it will be available to give direct and indirect monetization to developer community, web based entity, and mobile applications entity with careful consideration but still make an easy access for them that they already consume the blockchain technology comes from Cardano technology at the very first place.

 Impact consideration

Deployed on Cardano, benefiting the chain technology and getting its advantages to show the genuine result of its capability while practicing the real use case for the market readiness. We will accumulate and add more pitching to the investors and businesses as it is done or the project period ends. This will come to our senses that there is possibility to make it forward to the Product category with our presence in the market and numbers.