Myalgorithm

[GENERAL] Name and surname of main applicant

Yikanu

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

Individual

[GENERAL] Co-proposers and additional applicants

No

[GENERAL] Requested funds in ada

90000

[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)

A platform where users customize their content feed based on interests, ensuring they receive only relevant updates, with privacy and ADA-based payments via Cardano's blockchain.

[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.”

This platform dependencies on the different social media platform so that the customer can access what they want in there desired platform or social media network.

[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

This platform is an open source so it can be modified for the future use and to make it inclusive for people across the world.

[METADATA] Horizons

Social Media

[SOLUTION] Please describe your proposed solution

The proposed solution is a personalized content aggregation platform that allows users to customize their news and information feeds based on specific interests. Users can create their own algorithms to receive curated updates relevant to them, such as news, healthcare tips, or lifestyle information. The platform will leverage Cardano’s blockchain for secure, ADA-based payments and prioritize user privacy, ensuring a tailored experience without unwanted distractions.

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

The platform will positively impact the Cardano community by fostering user engagement and increasing adoption of ADA through its subscription model. By promoting privacy and decentralization, it aligns with Cardano's values and encourages more users to participate in the ecosystem. Additionally, it creates opportunities for content creators to monetize their work using ADA, further stimulating the community's economic activity. This initiative will enhance awareness of Cardano's capabilities while supporting a diverse range of interests among users.

[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 project has the capability to develop custom algorithms that leverage advanced machine learning techniques to personalize content feeds based on user preferences, ensuring relevant and timely updates. It can seamlessly integrate with Cardano’s blockchain technology, allowing for secure transactions that enhance trust and transparency in user payments. A user-friendly interface can facilitate easy customization and navigation, encouraging greater user engagement, while the platform's architecture supports scalability, enabling the addition of new features and content types as user needs evolve.

In terms of feasibility, the project can be developed using existing technologies, including blockchain integration, machine learning, and various web or app development frameworks. There is a strong market demand for personalized content solutions, given the growing concern over privacy and information overload, which provides a solid potential user base. The subscription model utilizing ADA offers a clear revenue stream, ensuring that the project can sustain its operations and growth. Additionally, by aligning with Cardano's principles and engaging the community, the project can generate enthusiasm and support for successful implementation and adoption.

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

Research and Concept Validation (Month 1)

Prototype Development (Month 2-3)

User Testing and Feedback Iteration (Month 4)

Final Development and Launch Preparation (Month 5-6)

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

In this project, I will take on the primary responsibility for the overall development and management, ensuring that each phase is executed effectively and efficiently. Each month, my obligations will include the following:

Month 1: Research and Concept Validation

Conduct market research, gather user feedback, and analyze the competitive landscape.

Collaborate with industry contacts to refine the concept and gather insights.

Month 2-3: Prototype Development

Develop the initial prototype and integrate core functionalities.

Engage short-term contractors or freelancers for specialized tasks, such as UI/UX design or initial blockchain integration.

Month 4: User Testing and Feedback Iteration

Oversee the beta testing process, collecting and analyzing user feedback.

Coordinate with connections for additional support in addressing feedback and implementing improvements.

Month 5-6: Final Development and Launch Preparation

Finalize the platform's features and ensure all components function seamlessly.

Collaborate with marketing professionals on promotional strategies and materials for the platform launch.

By utilizing connections and short-term contracts, I will leverage additional expertise to support the project's various phases while maintaining overall responsibility for its success.

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

Promotional Offers: 3,000 ADA will be allocated for discounts or free months of service for users who participate in beta testing and provide valuable feedback.

Referral Bonuses: 2,000 ADA will be set aside to incentivize beta testers to refer others to the platform.

1. Operations and Miscellaneous (10,000 ADA)

Short-term Contracts/Freelancers (7,000 ADA):

To ensure that all necessary expertise is available without long-term commitments, this budget will cover:

Contractual Work: 5,000 ADA will be allocated to hiring freelancers for specialized tasks like marketing strategy development, additional programming needs, or legal advice.

Consultations: 2,000 ADA will be used for consulting services from experts in blockchain technology, marketing, or user experience design.

Legal and Compliance (3,000 ADA):

Ensuring the platform complies with legal regulations is crucial. This budget will be spent on:

Legal Consultations: 2,000 ADA will be allocated for consultations with legal experts to ensure compliance with data protection laws and regulations related to digital payments.

Registration Fees: 1,000 ADA will cover any necessary fees for registering the business or platform to operate legally.

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

The project represents value for money in the Cardano ecosystem by providing a unique platform that leverages Cardano’s secure blockchain technology to offer personalized content aggregation. Users pay for tailored information services in ADA, creating a sustainable revenue model. The focus on user preferences enhances engagement, promoting long-term retention and community growth. By aligning with Cardano's principles of decentralization and user empowerment, the project not only fosters innovation but also contributes to the broader adoption of ADA, making it a valuable investment in the ecosystem.