Last updated a year ago
StoryChain: Your Journey, Your Voice on Blockchain
Problem
The problem is the lack of a secure blockchain platform for setting and tracking goals, along with social media's failure in this space and the uncertainty of content sentiment before display.
Total to date
This is the total amount allocated to StoryChain: Your Journey, Your Voice on Blockchain.
About this idea
[GENERAL] Name and surname of main applicant
Hedie Farrahi[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)
Entity (Not Incorporated)[GENERAL] Requested funds in ada
102600[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)
12[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)
We will develop a platform where users share their journeys, not just achievements. By incorporating Mutual Aid, we will foster a supportive community that addresses real-life challenges together.
[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
Our project, Story Chain, will be fully open-source throughout its entire lifecycle. We aim to foster collaboration and innovation within the community by making our source code publicly accessible. We will use the [specify the type of license, e.g., MIT License, GNU General Public License, etc.], which allows others to inspect, modify, and enhance our work.
Additionally, we will provide a dedicated open-source repository on gitbook.io where all relevant code, documentation, and resources will be available. This transparency not only supports community involvement but also ensures that users can trust and verify the functionalities of our platform.
[METADATA] Horizons
Social Media[SOLUTION] Please describe your proposed solution
In today’s digital landscape, many individuals passionate about blockchain technology are searching for a new social media application that prioritizes community and genuine connections. Story Chain addresses this need by creating a decentralized platform designed specifically for users who seek to engage with others in a meaningful way.
Our platform empowers users to set personal goals, track their progress, and connect based on shared interests and values, rather than appearances. This approach fosters a supportive environment where users can collaborate and motivate each other.
Story Chain targets a diverse user base of blockchain enthusiasts who value transparency and ownership. By enabling users to publish their content as non-fungible tokens (NFTs), we ensure they retain full ownership and attribution of their contributions, reinforcing the principles of decentralization that underpin blockchain technology.
To demonstrate our impact, we will track user engagement and goal achievements, gathering feedback through surveys to continuously improve the platform. Our commitment to transparency will allow community members to actively contribute to the development and functionality of Story Chain.
This project is crucial for Cardano, as it aligns with its vision of decentralization and community empowerment. By providing a dedicated space for blockchain enthusiasts, Story Chain contributes to building a more inclusive and innovative digital environment.
[IMPACT] Please define the positive impact your project will have on the wider Cardano community
Story Chain aims to enhance emotional connections and create a safe space for users to discuss their suppressed feelings. This platform allows individuals to understand that they are not alone in facing their challenges and that many others have encountered similar difficulties and successfully overcome them. This connection and exchange of experiences can help users feel a greater sense of solidarity and support, enabling them to continue their personal growth journey.
We will measure the impact through both quantitative and qualitative methods:
- Quantitative: We will track metrics such as the number of active users and the frequency of journal entries. Additionally, we will monitor participation in discussions and the sharing of experiences among users.
- Qualitative: We will focus on examining the efforts and journeys that users undertake to achieve their goals, even if they encounter setbacks along the way. This means that our emphasis will be on the process and actions individuals take, rather than solely on achieving goals.
Story Chain will share its outputs and impact through:
- Monthly Reports: We will publish updates on our platform and share insights with the Cardano community, including key metrics and user feedback.
- Workshops and Webinars: We will host sessions to educate users on how to use the application.
- Community Engagement Initiatives: We will actively participate in Cardano community events to strengthen connections and gather feedback to improve our platform and better meet users' needs.
[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 StoryChain project is supported by a highly capable team with diverse expertise and proven track records in project management, software architecture, and business development. With my background in project management and marketing, combined with Omid's extensive experience as a software architect and technical product manager, and Ali's 20 years in the tech industry, we possess the necessary skills to deliver this project with high levels of trust and accountability.
We have received a Letter of Support (LOS) from the Canadian government's MTA, affirming our credibility and commitment to adhering to best practices in managing funds. To validate our approach's feasibility, we will conduct thorough market research and gather user feedback, ensuring that our platform aligns with audience needs and preferences.
Our project will implement transparent financial management practices, including detailed budgeting and regular reporting, to maintain accountability. Additionally, we will foster collaboration among our team members and industry experts to address challenges and enhance project outcomes. Together, our collective experience and dedication to transparency position us to successfully deliver the StoryChain project and contribute positively to the community.
[PROJECT MILESTONES] What are the key milestones you need to achieve in order to complete your project successfully?
Milestone 1: Token Sale and Ecosystem Building
A: Milestone Outputs
- Updated beta version of the StoryChain platform prototype, building on our existing alpha prototype.
- Initiation of a private token sale for early investors, launching the MOD token.
B: Acceptance Criteria
- Successful launch of the prototype with core functionalities.
- Participation of at least 10 early investors in the private token sale.
C: Evidence of Milestone Completion
- Documentation of the prototype launch, including user feedback.
- Records of token sale transactions and agreements with investors.
Milestone 2: Initial Platform Launch and Governance
A: Milestone Outputs
- Public token sale (ICO/IDO) conducted for the MOD token.
- Launch of the DAO for community governance.
B: Acceptance Criteria
- Achieve the targeted fundraising goal in the ICO/IDO.
- Successful formation of the DAO with active community participation.
C: Evidence of Milestone Completion
- Financial reports detailing the outcomes of the public sale.
- Documentation of DAO formation, including membership and voting processes.
Milestone 3: Platform Enhancement and User Feedback
A: Milestone Outputs
- Launch of the alpha version of the StoryChain platform.
- Collection of user feedback through surveys and usability tests.
B: Acceptance Criteria
- At least 500 users sign up and provide feedback on the alpha version.
- Identification of key improvement areas based on user feedback.
C: Evidence of Milestone Completion
- User feedback reports and analysis summaries.
- Updates made to the platform based on user suggestions.
Milestone 4: Post-Launch Development and Marketing
A: Milestone Outputs
- Launch of the beta version of the platform.
- Global marketing campaigns initiated to attract users.
B: Acceptance Criteria
- Beta version deployed with improved features and performance.
- Marketing campaigns reach at least 10,000 potential users.
C: Evidence of Milestone Completion
- Deployment logs for the beta version and performance metrics.
- Reports from marketing campaigns, including reach and engagement statistics.
Milestone 5: Integration and Advanced Features
A: Milestone Outputs
- AI integration for personalized content curation.
- Implementation of a content rewards and tipping system.
B: Acceptance Criteria
- Successful integration of AI features that enhance user experience.
- At least 1,000 users engage with the rewards and tipping system within the first month.
C: Evidence of Milestone Completion
- Technical documentation of AI integration.
- User engagement reports and feedback regarding the rewards system.
[RESOURCES] Who is in the project team and what are their roles?
HedieFarrahi: As a co-founder of Story Chain, I leverage my strong background in project management, marketing, and psychology to lead the project and engage our community effectively. Understanding user behavior and community dynamics enables me to create networks across diverse groups, facilitating collaboration and fostering a sense of belonging among users. I excel in communicating complex ideas clearly, which is essential for attracting stakeholders and promoting the platform. My commitment to transparency in all operations helps build trust within the community by ensuring clear communication about project progress and financial management. Additionally, I work closely with experts from various fields to tackle challenges and enhance project outcomes while utilizing my flexibility and problem-solving skills to identify issues early and implement effective solutions, all of which are vital for the project's success.
[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources
- Development Phase
- Personnel Costs:
- Project Manager: ₳3,000/month x 6 months = ₳18,000
- Marketing Specialist: ₳2,500/month x 6 months = ₳15,000
- Content Creator: ₳1,500/month x 6 months = ₳9,000
- Community Manager: ₳2,000/month x 6 months = ₳12,000
- Total Personnel Costs: ₳54,000
- Software Licenses:
- Project Management Tools: ₳500 for the period
- Marketing Tools: ₳600 for the period
- Content Creation Tools: ₳1,000 for the period
- Total Software Licenses: ₳2,100
- Miscellaneous Development Costs:
- Code Auditing Services: ₳2,000
- User Testing: ₳1,500
- Total Miscellaneous Costs: ₳3,500
- Total Development Phase Cost: ₳59,600
- Marketing & Promotion Phase
- Publicity and Marketing:
- Digital Advertising: ₳10,000
- Influencer Collaborations: ₳5,000
- Community Engagement Events: ₳3,000
- Total Marketing Costs: ₳18,000
- MOD Token Launch Cost
- Token Launch Costs:
- Token Smart Contract Development: ₳10,000
- Token Sale Marketing and Promotion: ₳5,000
- Legal and Compliance Fees: ₳6,500
- Total MOD Token Launch Cost: ₳21,500
- Reporting & Documentation Phase
- Documentation Costs:
- Professional Services: ₳2,500
- Reporting Tools: ₳1,000
- Total Reporting Costs: ₳3,500
Updated Total Project Cost
- Total Costs = Development Phase + Marketing Phase + MOD Token Launch Cost + Reporting Phase
- Total Costs = ₳59,600 + ₳18,000 + ₳21,500 + ₳3,500 = ₳102,600
[VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?
Fostering User-Centric Innovation
Story Chain prioritizes user experience and engagement, ensuring a user-friendly platform through investment in research and design. This focus on satisfaction helps draw more users into the Cardano ecosystem.
Value Beyond a Simple Dapp
Story Chain enhances the Cardano ecosystem through:
- Transaction Model: Facilitating transactions increases activity and use cases within the Cardano blockchain.
- Community Engagement: The Mutual Aid feature fosters a supportive environment, enhancing user retention and promoting awareness of Cardano technology.
Skills Development for Developers
The Goal feature promotes skill enhancement among developers, encouraging collaboration and learning. This helps build a talented developer base that can lead to innovative projects within the Cardano ecosystem.
Enhancing Cardano's Presence
We can showcase our platform by participating in events like the Cardano Summit. Our Mood feature allows attendees to share real-time feedback, boosting visibility and engagement while serving as a unique marketing strategy for Cardano.
