[Proposal setup] Proposal title
Please provide your proposal title
[BBO] The 24-Hour Cardano Pulse
[Proposal Summary] Budget Information
Enter the amount of funding you are requesting in ADA
44320
[Proposal Summary] Time
Please specify how many months you expect your project to last
12
[Proposal Summary] Translation Information
Please indicate if your proposal has been auto-translated
No
Original Language
en
[Proposal Summary] Problem Statement
What is the problem you want to solve?
The Cardano ecosystem lacks a daily news aggregator, making it difficult to keep track of updates from multiple sources, resulting in missing out on important opportunities and information of the day.
[Proposal Summary] Supporting Documentation
Supporting links
[Proposal Summary] Project Dependencies
Does your project have any dependencies on other organizations, technical or otherwise?
No
Describe any dependencies or write 'No dependencies'
No dependencies
[Proposal Summary] Project Open Source
Will your project's outputs be fully open source?
Yes
License and Additional Information
This proposal aims to provide daily aggregated news to the Cardano community for free through the Substack platform and a public archive of the entire news. In addition, we commit to open-source the AI news aggregator we have developed. This tool will be licensed under the Apache 2.0 standard, allowing developers to leverage and innovate new products, contributing to the expansion of the Cardano ecosystem.
[Theme Selection] Theme
Please choose the most relevant theme and tag related to the outcomes of your proposal
Connected Community
[Campaign Category] Category Questions
Who you’re targeting, how you’ll reach them, and why this matters for Cardano.
- Target audience of this proposal: Cardano community members who need to stay updated with Cardano related news every day
- Approach: Through curated and summarized content distributed on Substack and email to subscribers. We will promote on Cardano community channels to attract readers.
- Importance: Solving information fragmentation and Maintaining community trust
Provide a list of key activities of your project?
- Publish 325+ daily newsletters summarizing information about the Cardano ecosystem
- Attract 2000+ daily newsletter subscribers through promotional activities
- Complete the implementation of a business plan to maintain a sustainable newsletter
What are your success metrics?
- Completed 300+ high-quality newsletters sent to the community.
- Minimum 2000 daily newsletter subscribers.
- Achieved 25% email open rate (a measure of the percentage of subscribers who actually open and read an emailed newsletter, reflecting the quality of the content and appeal of the newsletter, higher than average)
- Community response rate 4.5/5
[Your Project and Solution] Solution
Please describe your proposed solution and how it addresses the problem
Abstract: The proposal aims to address the challenge of fragmented information in the Cardano ecosystem. The goal is to build a daily newsletter that aggregates information and summarizes content from authoritative sources of leading projects and organizations in the Cardano ecosystem. The newsletter will be published on the Substack web platform and automatically emailed to subscribers. The solution aims to provide a reliable, objective and timely source of information, keeping the community, investors and developers updated with the most important developments in Cardano, thereby promoting participation and development of the ecosystem in a transparent and efficient manner.
Problem:
The Cardano ecosystem is undergoing significant growth and expansion, with over 2,000 projects currently building on the platform. The network has recorded over 111 million transactions and 5.2 million wallets, indicating continued base usage. This growth, coupled with ongoing upgrades such as Hydra (a Layer-2 solution for off-chain microtransaction processing), Leios (aimed at increasing transaction throughput), and developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized identity solutions, creates a huge amount of new information on a daily basis.
However, tracking and aggregating information from various authoritative sources, including the Cardano Foundation, Input Output Global (IOG), Intersect, Governance, and individual dApp projects, is a major challenge for users. Information is often scattered across various blogs, news sites, and social media channels, requiring interested parties to actively search for it. This leads to several significant problems:
- Information overload: Even with sources, users are faced with a huge amount of information, from in-depth technical reports to marketing messages. Distilling what is truly important is a major hurdle.
- Ineffective: Users have to spend a lot of time and effort to collect comprehensive information, reducing productivity and the ability to promptly grasp important events.
- Incomplete information: There is a risk of missing important updates from projects or specific aspects of the ecosystem due to the fragmentation of information.
- Barriers for Newcomers: New users to the ecosystem feel overwhelmed and have difficulty keeping up with key developments. They easily miss important updates or access inaccurate information sources.
- Risk of missing out: Developers, investors, and Stake Pool Operators (SPOs) need timely information to make decisions. Delays in updates can result in missed opportunities for partnerships, investments, or important technical upgrades.
Solution:
To solve the above problem, Bamboo team proposes to deploy “The 24-Hour Cardano Pulse” with project implementation steps including:
- Information Collection: Bamboo Team uses our own specially developed AI engine to collect information from Cardano's official sources such as blogs, Twitter/X, Discord, YouTube and other platforms. The collected data may include posts, announcements, updates, videos (captions or descriptions), and other relevant content.
- Summary of information: Our AI engine will pre-process the information, classify it into pre-defined topics (e.g. Technical Updates, Project News, Community Events, Market Analysis, etc.), filter out duplicate or irrelevant information that does not fit the newsletter criteria, summarize the content, reduce the information to its core points, and finally translate it into the languages of the user's choice.
- Proofreading and editing: At this stage we have 2 steps, with step 1 being our AI Engine will be integrated with an automatic AI moderation and editing step. Then step 2 will have the participation of the editorial team to re-check the accuracy, correct errors and ensure the content is consistent with the criteria of the newsletter.
- Publishing and distribution: We will post the newsletter to platforms that specialize in creating and posting newsletters like Substack and it will email the newsletter to its subscriber list.
- Feedback & Improvement Loop: Track email opens, clicks, unsubscribes; record feedback via email/Telegram; optimize content and sending time to improve the quality of newsletters.
- Newsletter introduction activities: Not only will we be creating a quality newsletter, but we will have a dedicated team to pitch the project to many people in the community to convince them to subscribe to the newsletter, thereby increasing the value our offering creates.
- Plan to Maintain “The 24-Hour Cardano Pulse”: If this proposal is implemented, we will not only operate for the 12 months of the proposal but can extend the time of maintaining this newsletter for the community through several plans to find other sources of income from calling for delegation to the BBO pool, creating an in-depth information analysis service to collect fees from users who need or want to support us and can insert advertisements in the newsletter to receive fees from projects to show the effort in the commitment to maintain the product long term.
(AI Tool Developed by Bamboo Team: We use our previously developed Cardano information aggregator to create newsletters which helps us to easily adjust the quality to suit user needs and also save on tool building costs.)
Attract:
- Cardano User Community: This newsletter will be useful for anyone interested in the Cardano ecosystem, especially those who want to stay updated quickly and conveniently every day about important events and updates, saving them time compared to having to monitor many different news sources themselves.
- New users: A high-quality, easy-to-understand newsletter would be a great starting point for those new to Cardano, helping them quickly grasp the core information without being overwhelmed by the current information fragmentation.
[Your Project and Solution] Impact
Please define the positive impact your project will have on the wider Cardano community
“The 24-Hour Cardano Pulse” will bring significant benefits to the Cardano ecosystem:
- Maintaining trust in the community: Providing a centralized, trusted source of information about mainstream projects and organizations, making important information easily accessible to the community. This directly supports Cardano's goal of an informed and engaged community.
- Increase knowledge and transparency: The newsletter helps the community quickly access authoritative information from the Cardano Foundation, IOG, Emurgo, Intersect, and major projects – organizations that play a role in the development, standardization, and commercial application of Cardano. This reduces the dependence on rumors and helps users understand technological advances.
- Community easy to grasp information about governance: The newsletter also updates governance-related activities such as newly released governance actions, Intersect activities, decisions of high-power DReps, and important constitutional updates.
- Improve efficiency: Reduce time spent searching for information, helping the community focus on developing and using applications.
- Increase awareness of the ecosystem: Introduce new projects and technological advances to the wider community.
Success Metrics:
To assess the effectiveness and success of the project, a number of key metrics will be monitored and reported on a regular basis. These metrics include:
- Number of newsletter subscribers: This is the most basic indicator reflecting the level of community interest and outreach.
- Goal: 1,000+ subscribers
- Measurement: Data from Substack
- Email Open Rate: This metric measures the percentage of subscribers who actually open and read an email newsletter, reflecting the quality of the content and appeal of the newsletter.
- Goal: >25% email open rate (industry average)
- Measurement: Email Analytics
Engagement: Number of likes, comments, and shares on Substack posts.
Community Feedback: Collect feedback and reviews from readers about the quality of content, presentation, and usefulness of the newsletter through channels such as comments on Substack, email, or periodic surveys.
- Goal: >4.5/5 user rating
- Measurement: Survey and Evaluation
Output:
- Daily text newsletter
- A summary article (400–600 words), including 3–7 featured stories summarized, translated and categorized by topic.
- Markdown/HTML format ready to post to Substack, forum or reshare.
- Automated email
- Emails are sent daily to the entire subscriber list, including text content.
- Easy to search archive
- Newsletters are archived by date, topic, and keyword on Substack, allowing for quick retrieval of old events.
- Open Source AI Tools Resources for Developers (optional)
- Github link provides the source code of the AI tool that aggregates information to help the community fork and create their own version (different language or different theme).
Share results:
- Propose : All results of the proposal implementation will be submitted to Project Catalyst's Milestone Module.
- Product: We will be introducing on social media platforms inside and outside the Cardano community so that anyone can easily and freely subscribe to receive the daily Cardano ecosystem newsletter.
[Your Project and Solution] Capabilities & 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?
Bamboo Team has the right elements to meet the requirements of this proposal. with the following capabilities:
1. Bamboo Information:
- Stake pool operator: BBO with more than 2 years of operation, we understand the technical infrastructure architecture to be able to review and publish more accurate technical posts.
- Community Team: Establish and manage a community dedicated to researching the Cardano ecosystem so that we better understand the real needs of users and developers on Cardano.
- Events and community activities: We are active and actively participate in Cardano events in Vietnam with many roles such as organizer, speaker, media support, guest.
- Ambassador of major projects: Our reputation is guaranteed by being ambassadors for projects on Cardano such as Emurgo, World Mobile Token.
2. Experience with Catalyst:
- Our members have years of experience in most Catalyst roles and have completed 2 proposals at fund 11 and fund 13 specializing in on-chain data collection and AI applications to create chatbots to support Cardano governance training.
- With the above experience, we ensure the effective and proper use of the budget according to Project Catalyst regulations.
3. Experience related to the proposal:
We have built a group of platforms dedicated to sharing information on the Cardano ecosystem for over 4 years of operation, we have shared thousands of posts about major events in the Cardano ecosystem. Hundreds of projects have been introduced, and dozens of major events have been shared with the community.
Creating tools on Telegram to read Cardano data helps the community track data about the Cardano ecosystem.
Building AI development and application solutions for users, businesses and the Cardano community.
- AI Assistant for Cardano Governance:https://t.me/GovernCardanoBot
- AI Automation for Business Workflows
- AI applications in revenue and expenditure management, information synthesis, content creation...
In summary, with the above descriptions you can see we have all the necessary elements and experience to carry out this proposal:
- Has many years of experience publishing posts and information about the Cardano ecosystem
- Understanding Cardano's Technical Features
- Have deep understanding and experience with projects on the Cardano ecosystem
- Develop AI application products.
[Milestones] Project Milestones
Milestone Title
Platform Preparation & Internal Testing Newsletter
Milestone Outputs
Focus on establishing Cardano's official information sources, configuring the content aggregation system, and conducting internal testing of the newsletter generation process. The goal is to ensure a stable data flow and summary quality before launching to the public.
Acceptance Criteria
- The content collection system is working properly, collecting data from all identified sources.
- Internal summaries are judged to be accurate, concise, and consistent with the desired tone.
- Substack publication fully set up and ready to publish.
Evidence of Completion
- Complete list of official Cardano information sources integrated (e.g. Cardano Foundation blog, EMURGO, IOG, Intersect, major dApps).
- Set up a Substack publication with basic configuration and newsletter templates.
- A minimum of 15 internal test reports are created and reviewed by the team, ensuring accuracy and objectivity.
Delivery Month
1
Cost
3580
Progress
10 %
Milestone Title
Beta Newsletter Launch & Quality Control
Milestone Outputs
We will be launching a beta newsletter that is open to early adopters. The main goal of this phase is to collect detailed and structured feedback from early adopters. This feedback will serve as the basis for making iterative improvements to improve the quality of content, optimize the interface, and provide the best user experience. This process ensures that the official newsletter meets the needs and expectations of the community.
Acceptance Criteria
- Consistent publishing: The beta newsletter should be released regularly, ensuring continuity throughout the testing phase.
- High-quality feedback: Collect structured feedback from at least 50 beta testers.
- Data-driven improvements: Make at least 5 major improvements to the newsletter, based on the analytics and feedback collected. These improvements could include changes to improve content quality, content format, or improve interactivity.
Evidence of Completion
- A minimum of 40 beta newsletters are published and sent daily to the testing team.
- Detailed reports on beta tester feedback, including suggestions for improvements to content, format, and readability.
- Finalize system refinement plans based on beta feedback.
Delivery Month
2
Cost
8760
Progress
20 %
Milestone Title
Public Launch & Initial Community Growth
Milestone Outputs
We will officially launch the Cardano Daily Newsletter to the public. This phase is focused on driving strong subscriber growth and increasing reader engagement. To achieve this goal, we will deploy multi-channel marketing and outreach campaigns, including:
- Content Marketing: Publish high-quality articles, infographics, and videos to attract new users and retain existing readers.
- Social Media Marketing: Actively promote the newsletter on major social media platforms such as X (formerly Twitter), Discord, and Telegram to reach a broader community.
- Strategic Partnerships: Collaborate with projects, influencers, and partners in the Cardano ecosystem to expand reach.
Acceptance Criteria
- The newsletter was successfully launched to the public and maintains a daily publication schedule with a minimum of 90 public newsletters published.
- Achieve a goal of at least 500 free subscribers.
- The average open rate of the newsletter is at least 25%.
Evidence of Completion
- Link to archive of 90 public newsletters published and sent daily.
- Marketing and outreach campaign reporting, including social media activities, partnerships, and promotions.
- Link to initial subscriber growth data and engagement metrics.
Delivery Month
3
Cost
10660
Progress
50 %
Milestone Title
Expanding Reach & Optimizing Content
Milestone Outputs
- Maintain daily newsletter publishing.
- Optimize newsletter based on public feedback.
- Continue to execute marketing and outreach campaigns to drive subscriber growth and engagement as in milestone 3.
Acceptance Criteria
- Minimum 90 public newsletters are published and sent daily with continuous improvements.
- Proof of newsletter optimization from community feedback.
- The average open rate of the newsletter is at least 25%.
- Achieve a goal of at least 1200 free subscribers.
Evidence of Completion
- Link to archive of 90 public newsletters published and sent daily.
- Link to newsletter optimization report from community feedback.
- Marketing and outreach campaign reporting, including social media activities, partnerships, and promotions.
- Link to initial subscriber growth data and engagement metrics.
Delivery Month
3
Cost
10660
Progress
80 %
Milestone Title
Sustainable Growth & Final Report
Milestone Outputs
- Continue to optimize newsletters based on public feedback.
- Execute marketing and outreach campaigns to drive subscriber growth and increase engagement.
- Develop a long-term sustainability plan to ensure the project is self-sustaining after Catalyst funding ends.
- Complete comprehensive evaluation of project results and final report.
Acceptance Criteria
- Minimum 90 public newsletters are published and sent daily with continuous improvements.
- The average open rate of the newsletter is at least 25%.
- Achieve a goal of at least 2000 free subscribers.
- The sustainability plan is clearly presented with actionable steps.
- Complete Final Report for Project Catalyst.
- Finished the final video for Project Catalyst.
Evidence of Completion
- Link to archive of 90 public newsletters published and sent daily.
- Marketing and outreach campaign reporting, including social media activities, partnerships, and promotions.
- Link to initial subscriber growth data and engagement metrics.
- Detailed long-term sustainability plan, outlining potential revenue streams and operating strategy.
- Final project completion report.
- The video ends at last.
Delivery Month
3
Cost
10660
Progress
100 %
[Final Pitch] Budget & Costs
Please provide a cost breakdown of the proposed work and resources
The budget is divided into two main parts: personnel costs for each milestone and other costs.
Milestone 1: 1 month
- Team Leader: 30h x 20 ADA/h = 600 ADA
- Content editing: 90h/ tháng x 12ADA/h = 1.080 ADA
- Automation and operations: 60h/tháng x 15ADA/h = 900 ADA
Total: 2.580 ADA
Milestone 2: 2 months
- Team Leader: 30h x 2 tháng x 20 ADA/h = 1.200 ADA
- Content editing: 90h/month x 2 months x 12ADA/h = 2.160 ADA
- Automation and operations: 60h/month x 2 months x 15ADA/h = 1.800 ADA
- Community Manager: 700 ADA/month x 2 months = 1.400 ADA
- Marketer: 40h/month x 2 months x 15 ADA/h = 1.200 ADA
Total: 7.760 ADA
Milestone 3: 3 months
- Team Leader: 30h/tháng x 3 x 20 ADA/h = 1.800 ADA
- Content editing: 2h/day x 90 days x 12ADA/h = 2.160 ADA
- Automation and operations: 30h/month x 3 months x 15ADA/h = 1.350 ADA
- Community Manager: 700 ADA/month x 3 months = 2.100 ADA
- Marketer: 50h/month x 3 months x 15 ADA/h = 2.250 ADA
Total: 9.660 ADA
Milestone 4: 3 months
- Team Leader: 30h/tháng x 3 x 20 ADA/h = 1.800 ADA
- Content editing: 2h/day x 90 days x 1ADA/h = 2.160 ADA
- Automation and operations: 30h/month x 3 months x 15ADA/h = 1.350 ADA
- Community Manager: 700 ADA/month x 3 months = 2.100 ADA
- Marketer: 50h/month x 3 months x 15 ADA/h = 2250 ADA
Total: 9.660 ADA
Milestone 5: 3 months
- Team Leader: 30h/tháng x 3 x 20 ADA/h = 1.800 ADA
- Content editing: 2h/day x 90 days x 12ADA/h = 2.160 ADA
- Automation and operations: 30h/month x 3 months x 15ADA/h = 1.350 ADA
- Community Manager: 700 ADA/month x 3 months = 2100 ADA
- Marketer: 50h/month x 3 months x 15 ADA/h = 2250 ADA
Total: 9.660 ADA
Other costs: 5,000 ADA
Include:
Pre-Proposal Start Costs (Proposal Registration, Call for Voting, Catalyst Rules Implementation) (15% of Total Other Costs)
Software Registration: such as LLM API, hosting server, design tools, account registration… (30% of total other costs)
Marketing & Community Outreach through Community Engagement Initiatives & Promotional Materials (30% of total other expenses)
Provision for ADA price decline and unforeseen expenses (25% of total other expenses)
These costs are estimated as a percentage because they may or may not exist and they will offset each other giving us more flexibility and initiative in using our budget.
Total budget: 44.320 ADA
[Final Pitch] Value for Money
How does the cost of the project represent value for the Cardano ecosystem?
The majority of the budget is used to pay salaries for staff, specifically project managers, engineers, community managers and other roles, with salaries ranging from $12 - $20/hour, equivalent to $10 - $20 ADA/hour (The exchange rate calculated at the time of proposal submission is 0.8 USD/ADA and salaries include tax payments in Vietnam).
To build a trusted information channel for the community, we propose a budget of 45,030 ADA for over 300 newsletters. This budget is equivalent to 150 ADA per newsletter, a carefully considered cost to ensure the best value for the community.
- This budget will cover the entire complex and meticulous process, from content aggregation, compilation, editing to strong publishing and promotion. With each newsletter produced, we are directly providing accurate, in-depth and timely updates about Cardano, reaching thousands of users every day.
Sponsoring us will help save costs:
- Search and recruit personnel with experience and knowledge of blockchain
- It doesn't take much time to learn and research.
- Office rental and equipment purchase costs
[Required Acknowledgements] Consent & Confirmation
Terms and Conditions:
Yes