[VTC] ADAcommerce: RWAs E-commerce solution for businesses on Cardano

[GENERAL] Name and surname of main applicant

Nguyen Viet Thanh

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

Entity (Incorporated)

[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

Yes

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

We developed ADAcommerce to integrate Cardano into WP, then expand to other platforms, offering full e-commerce functionalities such as order management, payments, transparent promotions, and dispute

[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 entire source code will be released as open-source under the GPL-3.0 (GNU General Public License v3), allowing everyone to use or further develop it.

[METADATA] Horizons

E-commerce

[SOLUTION] Please describe your proposed solution

Problem Recognition and Approach:

Blockchain is gradually integrating into daily life with applications like RWAs (Real World Assets) and DePIN. Amidst this wave of innovation, we aim to build a toolkit called ADACommerce to support thousands of small and medium-sized e-commerce businesses worldwide using the WordPress platform (currently the most popular web2 development platform, powering 478 million websites as of 2024, accounting for approximately 43.5% of all websites globally, according to statistics by WPZOOM: WordPress Statistics 2024) in easily transitioning to a Web3 e-commerce model.

With ADACommerce, businesses can connect to Cardano wallets, place orders, and make direct payments using ADA or any token in the Cardano ecosystem, such as WMT, MIN, IAG, SNEK, AGIX, SUNDAE, HUNT, JPG, INDY, COPI, PAVIA, FACT, and more. Moreover, they can handle disputes through smart contracts on Cardano. This opens up cross-border business opportunities with significantly lower and safer transaction fees compared to traditional payment methods like Visa/Mastercard or PayPal, providing benefits and peace of mind for both buyers and sellers worldwide.

Using ADACommerce, developers and e-commerce businesses will no longer face barriers in adopting Cardano's blockchain technology. The transition becomes simple and quick through the installation of the ADACommerce toolkit, similar to how they are familiar with using Woo plugins on WordPress. Once integrated, they will immediately possess the necessary features to kickstart their Web3 projects.

(Image 01: Integrate ADAcommerce into WP)

Below are the detailed functional modules of ADACommerce:

1.Cardano Blockchain Integration Module

• Cardano Wallet Connection Function: Allows users (buyers and sellers) to connect their Cardano wallets directly on the website. Supports popular wallets like Eternl, Yoroi, Nami, and other compatible Web3 wallets.
• Blockchain Communication Function: The system will integrate API and SDK to interact with the Cardano network, including sending/receiving transactions, verifying balances, and querying blockchain information.

(Image 02: ADAcommerce supports the integration of Cardano blockchain payment wallets directly into websites.)

2. Product Management Module

• Set Product Prices with Tokens:

Allows sellers to set product prices in ADA or any token within the Cardano ecosystem (e.g., WMT, Pavia, FACT).

In the future, it can support automatic price updates based on market rates via Cardano's Oracle projects.

• Inventory and Variants Management:

Manages inventory for each product, including different variations.

Supports physical products, digital items, and services.

• Product Description and Attributes:

Easily add detailed product information, including images, descriptions, and blockchain-related specifications (e.g., token ID, smart contract address).

Products can be edited or deleted.

3. Payment Module

• Payment Function:

Buyers can pay directly using ADA or other tokens through connected wallets.

Transactions are processed on the blockchain, ensuring transparency and immutability.

• Transaction Confirmation:

Real-time transaction confirmation system integrated, updating order status once confirmed on the blockchain.

• Transaction Fee Management:

Displays transaction fees clearly before payment confirmation.

Options for sharing or supporting fees between buyers and sellers.

(Image 03: Payment Token Selection on ADAcommerce)

4. Promotion and Discount NFT Module

• Issuing Discount NFTs:

Sellers can create and issue discount NFTs on the Cardano blockchain.

Each discount NFT contains information on the discount rate, usage conditions, and expiration.

All promotions are recorded on the blockchain, ensuring transparency and preventing fraud.

• Discount NFT Management and Usage:

Buyers can store discount NFTs in their wallets and use them when making purchases.

The system automatically applies the discount when a valid NFT is detected in the buyer's wallet.

Allows users to transfer or resell discount NFTs, creating a secondary market for promotions.

5. User Shopping Experience Module

• Wallet Connection:

A user-friendly interface allows users to connect or disconnect wallets with just a few simple steps.

• Token Selection for Payment:

Buyers can choose the token they want to use for payment during checkout, as set by the seller.

• Balance and Value Display:

Displays the current balance of tokens in the user's wallet.

Updates the product value corresponding to the selected token.

• Transaction and Order Status:

Provides detailed information on transaction status on the blockchain.

Notifies users when a transaction is confirmed or if an issue occurs.

6.Blockchain Order Management Module

Order Recording on the Blockchain: Each order is linked to a transaction on the blockchain, creating a transparent and immutable record.

Order Tracking: Buyers and sellers can track the status of orders using the transaction ID or order number.

Refund and Dispute Resolution: Supports a transparent and fair refund and dispute resolution process through smart contracts using the Escrow mechanism and mutual agreement.

Detailed Description:

1. When the buyer makes a payment: Tokens are sent to the Escrow smart contract instead of directly to the seller. The Escrow contract holds these tokens until the predefined conditions are met.
2. Defining Release or Refund Conditions:
3. Release payment to the seller if: The buyer confirms receipt of goods and is satisfied. Or after a specified period with no complaints from the buyer.
4. Refund to the buyer if: The buyer does not receive the goods within the defined timeframe. The buyer is not satisfied, and the seller agrees to a refund.
5. Funds Freeze: If the dispute is not resolved, the funds will be frozen, awaiting further agreement.
6. Activate Refund Process: When the refund conditions are met, the smart contract automatically transfers the tokens from Escrow back to the buyer's wallet. This entire process is automated and recorded on the blockchain.

Detailed Technical Specifications:

Smart Contract Setup with Transaction States:

1. Transaction States:
2. Pending: (Waiting for processing)
3. Completed: (Transaction completed)
4. Disputed: (Transaction under dispute)
5. Disputed Completed Buy: (Dispute resolved in favor of the buyer)
6. Disputed Completed Sell: (Dispute resolved in favor of the seller)
7. Actions:
8. Confirm Delivery by the Seller.
9. Confirm Receipt by the Buyer.
10. Open Dispute by either the Buyer or the Seller.
11. Dispute Resolved for the Buyer.
12. Dispute Resolved for the Seller.

Dispute Resolution Process:

1. When a Dispute is Opened:
2. The smart contract changes the transaction state to "Disputed."
3. The payment is held in an Escrow account until the dispute is resolved.
4. Resolving Disputes through Mutual Agreement:
5. The buyer and seller work directly with each other and confirm the agreement.
6. The smart contract changes the transaction state to "Disputed Completed Buy" or "Disputed Completed Sell."
7. If the state is Disputed Completed Buy, the payment is refunded to the buyer.
8. If the state is Disputed Completed Sell, the payment is released to the seller.

(In the future, we may develop a dispute resolution mechanism through the “Decentralized Arbitration” Protocol. Both parties would provide evidence (e.g., invoices, transactions, delivery information). Arbitrators (users or nodes in the network, randomly selected or chosen based on reputation) would review and vote based on the provided evidence. The decision would favor the buyer or the seller depending on the voting outcome. In this case, arbitrators may receive a token reward for participating in the dispute resolution or face penalties. If an arbitrator behaves unfairly, they may lose their staked tokens or have their reputation score reduced.)

(Image 04: Business Process Architecture Diagram in the System)

7.Shipping Management Module

• Supports integration with multiple shipping methods or connections to third-party carriers to provide delivery solutions.
• Connects to shipping services to automatically calculate fees and print shipping labels.

8. Reporting and Analytics Module

• Provides detailed reports on revenue, orders, best-selling products, and sales over time.
• Supports integration with Google Analytics to track customer behavior.

(Image 05:Revenue Reporting on ADAcommerce)

9. Customer Management Module

• Stores basic information provided by customers (address, phone number, email, purchase history) with customer consent to facilitate a smoother purchasing process.

10. SEO and Search Optimization Module

• As a plugin developed based on Woo and optimized for WordPress, ADAcommerce ensures SEO optimization, making it easier for products to be found on search engines like Google, Bing, Yahoo, etc.
• Supports the creation of friendly URLs, keyword optimization, and product description enhancement.

11. ADAcommerce Customization and Extension Capability

• Compatible with WordPress Themes: Integrates seamlessly with popular themes, allowing for custom store interface designs.
• Support for Additional Plugins and Extensions: Allows the installation of more plugins or extensions to add new features.
• API and Development Documentation: Provides APIs for developers to integrate more functionalities or connect to other systems. Detailed documentation helps developers understand and customize the plugin effectively.

(Image 06: The Perfect Web3 Solution for Innovating Traditional E-commerce Business)

ADAcommerce will deliver a comprehensive e-commerce solution with Cardano blockchain integration. With simple deployment through easy installation on the WordPress CMS platform, the features are designed to ensure transparency, security, and optimal user experience.

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

Our ADAcommerce project aims to bring immense value to the Cardano Community by transforming any WordPress website into a Web3 e-commerce platform integrated with the Cardano blockchain. By enabling sellers to accept ADA and other tokens in the Cardano ecosystem as a payment method and allowing buyers to connect wallets and pay directly, we promote the wider adoption and use of Cardano blockchain and its ecosystem tokens in real-world business scenarios. Below are the values, impact measurement, and how we plan to share results with the community:

1.Value to the Cardano Community:

• Increased Adoption of ADA and Cardano Tokens:

The project will boost ADA and Cardano token transactions, such as WMT, MIN, IAG, SNEK, AGIX, SUNDAE, HUNT, JPG, INDY, COPI, PAVIA, FACT, and more, thereby increasing their demand and liquidity in real-world markets.

• Expansion of the Cardano Ecosystem:

The project attracts new users and businesses, particularly e-commerce enterprises, to the Cardano ecosystem, fostering its growth and diversity.

• Innovation in E-commerce:

ADAcommerce introduces advanced features such as NFT-based discounts and transparent promotions on the blockchain, showcasing the power of smart contracts and NFTs on Cardano, and providing an alternative payment method compared to traditional channels.

2. Impact Measurement:

We will measure the project’s impact using both quantitative and qualitative metrics as follows:

Quantitative Metrics:

• Number of ADAcommerce installations: Track the number of WordPress websites that have installed and are actively using our plugin.
• Transaction volume: Monitor the total number and value of transactions made using ADA and other tokens via ADAcommerce.
• Number of sellers and buyers: Record the number of sellers offering products/services and customers purchasing through the platform.

Qualitative Metrics:

• User Feedback: Collect feedback and reviews from sellers and buyers regarding their experience with ADAcommerce.
• Community Engagement: Assess the level of activity and engagement on forums, social media, and channels related to the project.

3. Sharing Output Results:

• Open Source Release: We will release ADAcommerce as an open-source project under the GPL (General Public License), allowing the community to freely use, modify, and contribute to the project. The source code will be publicly available on our personal GitHub and IntersectMBO GitHub repository.
• Documentation and Tutorials: We will prepare comprehensive documentation, video tutorials, and guides to support users and developers in deploying and customizing the plugin.
• Progress and Impact Reports: We will publish regular reports on development progress, impact measurement metrics, and challenges encountered to ensure transparency and community engagement.

[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 the CEO of Vtechcom (https://vtechcom.org/), a software outsourcing company with over 10 years of experience in implementing software projects, website development, and mobile apps, I am confident in my ability to lead the ADAcommerce project with a high level of reliability and responsibility. I hold a Bachelor's degree in E-commerce, and my team consists of highly skilled professionals trained at top universities with deep expertise in the Cardano ecosystem. This enables us to effectively strategize and implement the project. Below are the reasons why you can trust our execution capability:

1. Existing Capabilities and Why We Are Suitable for This Project:

• High Expertise Team: Our blockchain engineers are highly proficient in Cardano, fluent in Aiken and Plutus languages required for smart contract development on this platform. Our backend and frontend developers have over 10 years of experience in building traditional Web2 products and integrating complex systems, ensuring stability and high performance for various client applications. We have successfully executed a funded project from Fund 11, demonstrating our execution capability and commitment to the Cardano community: Bamboo Smart Support App for Cardano Ecosystem Users.
• Professional Project Management: We apply Agile and Scrum methodologies in project management to maintain flexibility, adapt quickly to changes, and ensure progress. As an experienced software outsourcing company, we establish a strict testing process at each development stage to ensure the product meets the highest standards.
• Transparent and Responsible Financial Management: We have planned a clear budget for each category, ensuring effective and reasonable resource allocation. We provide transparent financial reports to stakeholders, demonstrating our commitment to responsible fund management. We successfully managed funds in previous projects without any financial issues and are currently progressing well with our project funded in Fund 12: Open Source for Hydra Wallet Integrated into Telegram. We are nearing completion with this project.

2. How We Conceptualized and Built Our Approach:

• Detailed Planning: We conducted in-depth requirement gathering and analysis sessions with members of both the Cardano community and WordPress plugin users to understand all needs and project aspects. We then evaluated technical requirements, identified challenges, and proposed suitable technology solutions.
• Proof of Concept (PoC) Development: We built a small-scale PoC to test wallet connection capabilities, token payments, and discount NFT issuance. The backend team then evaluated the system’s performance and security to ensure it met established standards.
• Planned Development Approach by Phases: The project will be divided into smaller modules such as blockchain integration, payment processing, and NFT management for easier management and development. After each phase, we will conduct testing to validate the accuracy and stability of the system. We plan to release a beta version for a selected group within the Cardano community to gather feedback and improve the product. We will establish a support channel to quickly address user issues and inquiries.

With a well-structured project plan, extensive experience in executing Cardano blockchain-related projects, and 10 years of experience in software development, we believe we are the best fit to implement the ADAcommerce project.

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

Functional Analysis and Resource Preparation (1 Month)

A. Key Deliverables:

• Detailed Functional Analysis: Documentation of all necessary features required for ADAcommerce.
• Human Resource Planning: Identification and allocation of required personnel for each project phase.
• Risk Assessment: Identification of potential risks and development of a risk mitigation plan.

B. Acceptance Criteria:

• Complete and detailed functional documentation.
• Adequate personnel resources allocated as per the requirements of each project phase.
• Risk assessment report and mitigation plan approved.

C. Proof of Completion:

• Functional analysis and resource planning documents.
• Project risk assessment report.

Completion of UI Design and Functional System Architecture (1 Months)

A. Key Deliverables:

• Complete UI/UX Design: Full interface mockups for both buyers and sellers.
• Functional System Design: Architecture design, including database, blockchain integration, and security protocols.

B. Acceptance Criteria:

• UI/UX mockups approved by stakeholders.
• Architecture design meets all functional requirements.

C. Proof of Completion:

• User interface mockups.
• Documentation of the functional system design and architecture.

Implementation of Advanced Features (2 Month)

A. Key Deliverables:

• Development of Blockchain Integration Module: Complete the functionality for connecting Cardano wallets and implementing blockchain communication features.
• Development of Product Management and Payment Module: Complete the functionality for adding products and processing payments using ADA/other tokens.
• Development of Security Features: Integrate advanced encryption and authentication methods.

B. Acceptance Criteria:

• Successful connection to Cardano wallets, with stable operation of test transactions.
• All product management and payment functions are completed and functioning as expected.

C. Proof of Completion:

• Demo video showcasing core features.
• Deployed source code and testing reports.

Beta Testing and Finalization (1 Month)

A. Key Deliverables:

• Beta Release of ADACommerce:
• A fully functional plugin is released for a group of beta users to test.
• User Feedback Collection:
• Gather feedback on usability, functionality, and performance from beta users.
• Bug Fixes and Feature Enhancements:
• Address issues identified during beta testing. Optimize performance and enhance user experience.

B. Acceptance Criteria:

• A minimum of 5 beta users use the plugin and provide feedback.
• All critical and major bugs are resolved.
• Positive feedback from users, indicating readiness for public release.

C. Proof of Completion:

• Beta testing report summarizing feedback and resolved issues.
• Updated source code reflecting bug fixes and improvements.

Official Release and Project Completion (0.5 Month)

A. Key Deliverables:

• Official Release of the ADACommerce Plugin:
• Publish the plugin on the WordPress Plugin Repository and other related platforms.
• Complete User Documentation:
• Provide user guides, installation manuals, and developer documentation.
• Final Project Report and Video:
• Deliver a detailed report summarizing project results, challenges, and impact, along with a video showcasing ADACommerce's features and benefits.

B. Acceptance Criteria:

• The plugin is publicly available for download and meets all platform requirements.
• The documentation is complete, accurate, and user-friendly.
• The final report and video are approved by all stakeholders.

C. Proof of Completion:

• Links to the plugin on official platforms.
• Access to all documentation.
• Submission of the final project report and presentation video.

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

During the development process, we will supplement additional personnel as needed based on project requirements and deadlines.

1.Nguyen Viet Thanh

Position: Project Manager

Experience: CEO of Vtechcom, holds a Bachelor's degree in E-commerce and is an Information Technology engineer in Vietnam. He has 10+ years of experience in software outsourcing project management. Experienced in using Agile/Scrum or Waterfall methodologies, and skilled in requirements analysis, planning, team management, financial management, and change management in software projects.

Role in the Project: Responsible for planning, including team organization, managing progress, and overseeing the quality of project functionalities.

Information Links: https://www.linkedin.com/in/nguyenvietthanh/

2.Bui The Do

Position: Programmer Management

Experience: Over 10 years as a programmer, including 5 years as a technical manager in Vietnam. Experienced in prominent technologies such as Chrome (Browser - C++), Odoo (ERP - Python & PostgreSQL), Django (Web Application - Python & PostgreSQL, MySQL), WordPress (Web - PHP & MySQL). Previously worked at BKAV Corporation as a project manager for the BOS operating system development for Bphone smartphones.

Role in the Project: Directly responsible for plugin development, backend tasks, and Cardano wallet and blockchain integration.

Information Link: https://www.linkedin.com/in/bui-the-do-142385ba/

3.Dang Xuan Hoang

Position: UI/UX Designer

Experience: 3+ years of experience designing UX/UI for mobile applications and games, specializing in user experience design for dApps. Skilled in UX/UI design, prototyping, user experience research, and interactive interface design.

Role in the Project: UI/UX design to ensure the user interface adheres to Cardano’s design system, conducting user testing to guarantee usability and intuitive design.

Information Link: https://www.linkedin.com/in/dangxuanhoang/

4.Pham Van Hai

Position: Backend Developer

Experience: Hai is a developer with over 3 years of extensive experience in Vue.js, Nuxt 3, TypeScript, and JavaScript. He has worked with backend frameworks like NestJS and ExpressJS and has experience in user interface development with Tailwind CSS and other front-end technologies. Currently, Hải holds the position of Frontend Web Developer at tabtab.me, an AI-integrated real estate platform. He graduated with a degree in Thermal Engineering from Hanoi University of Science and Technology and has accumulated many skills in the field of software development.

Role in the Project: Develop integrate blockchain functionalities such connecting APIs, and handling backend development tasks assigned by the Programmer Manager.

Information Link: https://www.linkedin.com/in/phamhai99/

5.Do Trung Nhan

Position: Backend & Blockchain Developer

Experience: IT engineer with 8+ years of experience in deploying complex software projects, especially those with large user bases. Proficient in Plutus, Aiken, Haskell programming, building and auditing smart contracts, and integrating transactions on the Cardano blockchain.

Role in the Project: Develop smart contracts, integrate blockchain functionalities such as minting NFTs, connecting APIs, and handling backend development tasks assigned by the Programmer Manager.

Information Link: https://www.linkedin.com/in/nhantd292/

6.Do Trung Thanh

Position: Frontend Developer

Experience: 4+ years in frontend development with strong expertise in HTML, CSS, JavaScript, and UX/UI. Proficient in frameworks and libraries such as React and Bootstrap, with solid debugging and testing skills.

Role in the Project: Responsible for frontend development tasks as assigned by the Programmer Manager.

Information Link:https://www.linkedin.com/in/%C4%91tt-th%C3%A0nh-463747311/

7.Le Thi Hue

Position: QA/QC Engineer

Experience: 5+ years in software testing, especially in testing dApps and blockchain management systems. Experienced in functional testing, creating test cases, ensuring product quality, and security testing. Currently a QA/QC Engineer at Travala.

Role in the Project: Responsible for testing and quality assurance (QA) throughout the development process, from testnet trials to mainnet deployment.

Additional team members will be recruited as required to support project implementation based on resource needs and project stages.

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

To implement the ADAcommerce project, below is a detailed cost estimate by category and phase, ensuring that all elements in the plan are reflected in the budget. We will mobilize a professional team that includes:

1 Project Manager

2 Backend Developers

1 Frontend Developer

1 Blockchain Engineer

1 UI/UX Designer

1 QA Specialist

1 Documentation and Community Support Specialist

The global average hourly wage currently ranges from $75 to $200 USD/hour or higher, depending on expertise and reputation (sources: LinkedIn Salary, Glassdoor, Payscale).

Our company is fortunate to operate in Vietnam, where the cost of living is lower compared to other countries. Therefore, we apply an average hourly rate in the Vietnamese blockchain industry of approximately $40 - $100/hour, equivalent to 115 ADA - 285 ADA/hour (1 ADA = $0.35), depending on the role, while still maintaining high-quality work standards. Below is the estimated time allocation and cost for each role:

I. Personnel Costs (exchange rate of 1 ADA = $0.35) :

Project Manager

• Total Hours: 150 hours
• Cost: 150 hours x 150 ADA/hour = 22,500 ADA

Backend Developers

• Total Hours Per Person: 175 hours
• Total Combined Hours: 350 hours
• Cost: 350 hours x 150 ADA/hour = 52,500 ADA

Frontend Developer

• Total Hours: 200 hours
• Cost: 200 hours x 150 ADA/hour = 30,000 ADA

Blockchain Engineer

• Total Hours: 150 hours
• Cost: 150 hours x 200 ADA/hour = 30,000 ADA

UI/UX Designer

• Total Hours: 150 hours
• Cost: 150 hours x 95 ADA/hour = 14,250 ADA

QA Specialist

• Total Hours: 150 hours
• Cost: 150 hours x 150 ADA/hour = 22,500 ADA

Documentation and Community Support Specialist

• Total Hours: 100 hours
• Cost: 100 hours x 95 ADA/hour = 9,500 ADA

Total Personnel Costs: 177,250 ADA

II. Third-Party Service Costs

1. Server Infrastructure Rental for testing and maintenance during the 6-month development period: 5,000 ADA
2. Software Licenses and Development Tools: 2,000 ADA

Total Third-Party Service Costs: 7,000 ADA

III. Total Project Costs

Total Costs = ∑ Personnel + ∑ Third-Party Services

T = 177,250 ADA + 7,000 ADA = 184,750 ADA

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

The ADAcommerce project costs are meticulously calculated to optimize resources and deliver maximum value to the Cardano ecosystem. The total budget is projected at 184,750 ADA, with a detailed breakdown allocated for skilled personnel and essential services required to complete the project over 5.5 months. This estimation is based on real-world data from our company’s experience working with various clients. Here are the key reasons why we believe this investment from the community is both accurate and highly valuable:

1. Reasonable Costs Compared to Average Salaries in Vietnam

Hourly Wage in Vietnam:

Blockchain Engineer: Average hourly rate ranges from $40 - $100/hour, equivalent to 115 ADA - 285 ADA/hour (1 ADA = $0.35).

Other Positions (Backend/Frontend Developers, Project Manager, UI/UX Designer, QA Specialist): Average hourly rate ranges from $20 - $50/hour, equivalent to 57 ADA - 142 ADA/hour.

Applied Hourly Rates for the Project:

Project Manager: 95 ADA/hour

Backend Developer: 150 ADA/hour

Frontend Developer: 150 ADA/hour

Blockchain Engineer: 200 ADA/hour

UI/UX Designer and System Architect: 95 ADA/hour

QA Specialist: 150 ADA/hour

Documentation and Community Support Specialist: 95 ADA/hour

These rates reflect the local market value in Vietnam, where the cost of living is lower compared to developed countries, helping optimize the budget while maintaining high quality.

2. Value Contribution to the Cardano Ecosystem

Boosting Cardano’s Adoption and Utility:

ADAcommerce will help expand the use of ADA and other Cardano ecosystem tokens in e-commerce, thereby increasing their utility and real-world value.

Cost Optimization for the Community:

With lower development costs due to reasonable wages in Vietnam, the project offers higher value for the investment, saving resources for the Cardano community.

3. Cost Efficiency and Budget Management

Rational and Transparent Cost Allocation:

This includes high-quality personnel at reasonable rates and third-party costs that cover only essential categories such as server infrastructure and software licenses.

Proven Financial Management Experience:

Our company has a track record of successfully managing funds in previous projects, ensuring responsible and efficient use of resources.

4. Supporting Evidence for Cost Reasonableness

References from Reliable Sources: The market salary data is compiled from reputable recruitment sites such as LinkedIn Salary, Glassdoor.com, Payscale, and Vietnamworks.com, indicating that the proposed wages are fair.

Comparison with International Costs: Compared to the international rates for blockchain engineers ($75 - $200/hour), the personnel costs in Vietnam are significantly lower, saving the budget while maintaining quality.

5. Added Value for Investment

Creating a Powerful and Flexible Tool: ADAcommerce will provide a robust solution for thousands of businesses and individuals engaged in e-commerce, enabling them to easily integrate ADA and other Cardano tokens into their websites.

High Scalability and Customization: The project will be released as a fully open-source solution, allowing the community and other developers to contribute and expand it, increasing value for the Cardano ecosystem.

Long-Term Value: The project will not only offer short-term benefits but also contribute to the sustainable growth of Cardano and the e-commerce sector as a whole.

The ADAcommerce project budget is thoughtfully designed, and we are confident that with the proposed budget, the project will be successfully executed, making a positive impact on the Cardano community. We hope the community trusts and grants us the opportunity to bring this project to life.