2Fund - A Trust-Based Flash Funding Platform

[Proposal setup] Proposal title

Please provide your proposal title

2Fund - A Trust-Based Flash Funding Platform

[Proposal Summary] Budget Information

Enter the amount of funding you are requesting in ADA

75988

[Proposal Summary] Time

Please specify how many months you expect your project to last

7

[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?

Artists on Cardano lack transparent funding, and supporters fear fund misuse. This critical gap stifles the ecosystem's cultural growth and on-chain activity.

[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

Fully open source (MIT)

[Theme Selection] Theme

Please choose the most relevant theme and tag related to the outcomes of your proposal.

DAO

[Campaign Category] Category Questions

Describe what makes your idea innovative compared to what has been previously funded (whether by you or others).

Our core innovation is the Milestone-Based funding model with decentralized community oversight. Unlike simple donation platforms that release all funds upfront, we directly link payments to verified progress. Supporters become an active oversight committee, voting to release funds only after a creator provides proof of work. This solves the primary risk of crowdfunding fund misuse and builds accountability and trust directly into the protocol, a fundamental shift from the fund and hope model.

Describe what your prototype or MVP will demonstrate, and where it can be accessed.

The MVP will be fully functional and accessible on the Cardano Preview Testnet via a public website URL and our open-source GitHub repository: including campaign creation with milestones, funding into a secure smart contract escrow, creator submission of verifiable proof-of-work, and community voting that triggers automated fund release.

Describe realistic measures of success, ideally with on-chain metrics.

• Total ADA value locked in our escrow smart contracts.
• Number of unique contributing wallets per project.
• Volume of on-chain milestone approval/rejection votes.
• Total ADA successfully disbursed to Creators for verified work.

[Your Project and Solution] Solution

Please describe your proposed solution and how it addresses the problem

Our solution is 2Fund, a decentralized flash funding platform built on the Cardano blockchain. 2Fund is specifically designed to address the critical funding gap for artists and enrich the ecosystem's cultural life. 2Fund is more than just a donation portal; it is a trust-building engine, connecting Creators with Supporters, ensuring transparency, accountability, and the success of artistic projects.

We recognize that the problem isn't just a lack of funds, but a deficit of trust and opportunity. Artists fear their ideas will go unfunded, while supporters worry their contributions might be misused. Our approach tackles this head-on by building trust directly into the architecture of the funding process.

Core mechanism: Milestone-based funding

At the core of 2Fund is our groundbreaking funding model that protects both Creators and Supporters. This model transforms a simple act of donation into a validated investment in creativity. The process is transparent, automated by smart contracts, and revolves around two key roles:

• Creator: An artist, musician, writer, or any creative individual with a project idea.
• Supporter: A community member, fan, or patron who wants to fund and champion artistic creation.

The 2Fund funding & creation lifecycle:

Phase 1: Campaign creation

What the creator does: The creator submits a detailed project proposal to 2Fund. This proposal includes not just the artistic vision, but also a clear budget, a realistic roadmap, and most importantly, a breakdown of the project into verifiable milestones.

Phase 2: Flash funding & escrow

What the supporter does: Supporters browse active campaigns. If they believe in a project, they contribute ADA. The funds are held in a secure smart contract escrow, not released to the creator all at once.

Phase 3: Milestone execution & fund release

What the creator does: After a successful funding round, the creator begins work on Milestone 1. Upon completion, they submit proof of completion (e.g., a link to the artwork, an audio file, a private demo) directly on the platform.

What the supporter does: The supporters who funded the project are notified. They review the submitted proof and vote to approve or reject the milestone.

Phase 4: Iterate and complete

The Creator then moves on to the next milestone, repeating the submission and verification process. This cycle continues until the project is complete.

Why this is revolutionary: This mechanism eliminates the core problem of fund misuse. Creators are paid for completed and verified work, not just for a promise. Supporters are in control, acting as a decentralized oversight committee, ensuring the project stays on track.

Why Cardano is the perfect foundation

Building 2Fund on Cardano was a deliberate, strategic choice, leveraging the unique strengths of this blockchain:

• Secure & Predictable: Cardano's EUTxO model allows for more predictable transaction costs and robust smart contracts, which is essential for securely managing escrowed funds.
• Low Transaction Fees: This enables micro-donations, making it possible for more supporters to participate without being deterred by high gas fees.
• Decentralization: The core concept of Supporter-governed milestone approval aligns perfectly with Cardano's philosophy of community governance and decentralization, extending the principles of Project Catalyst into the world of art.

Conclusion:

2Fund represents a transformative step for artistic funding, where trust is embedded in every transaction, creativity is nurtured through community validation, and Cardano’s secure, transparent, decentralized infrastructure ensures that both creators and supporters can confidently shape a thriving cultural ecosystem.

[Your Project and Solution] Impact

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

The 2Fund project will deliver significant, multi-faceted value to the Cardano community by pioneering a new real-world application, directly addressing the need to enrich and vitalize the ecosystem. Our impact extends beyond just creating an application; it's about building a sustainable bridge between Cardano's advanced blockchain technology and the world of artistic creation.

1. Strategic impact on the Cardano ecosystem:

• Driving real-world adoption: 2Fund will transform Cardano from a powerful technology platform into a practical, accessible tool for non-technical communities. By providing a clear solution to the funding problem for artists, we demonstrate the tangible utility of smart contracts in creating transparency and trust, replacing inefficient traditional systems.
• Delivering an innovative and replicable dApp model: We aren't just building a product; we are architecting a new creative funding model. The open-source prototype and smart contract suite of 2Fund will become a public good, allowing other developers to easily replicate, adapt, and deploy similar funding platforms for various other fields (like scientific research, community projects, small startups).
• Stimulating on-chain economic activity: Every campaign created, every donation made, every milestone paid out on 2Fund is an on-chain transaction. This directly increases the transaction volume on the network, enhances the utility and liquidity of ADA, and brings in a new stream of users with a genuine need to hold and use ADA.
• Building a more diverse, vibrant, and engaged community: Cardano needs more than just developers and investors. By creating a level playing field for emerging artists, 2Fund will attract a completely new demographic, artists, designers, musicians, and art lovers, into the ecosystem. This makes Cardano more appealing, culturally relevant, and accessible to the general public.

2. How we will measure impact (KPIs):

We are committed to transparently measuring our success. Below are the Key Performance Indicators (KPIs) we will track and report on:

Quantitative KPIs:

• 100% of the MVP features defined in the milestones will be successfully developed, tested, and deployed on the Cardano Testnet within 6 months.
• Successfully organize and complete a minimum of 5 end-to-end test funding campaigns on the Testnet platform. These campaigns will be initiated by the team to test the entire flow: campaign creation, supporting, milestone verification voting, and fund disbursement.
• Attract a minimum of 20 community members to participate in a guided testing program and collect detailed feedback from them. All feedback will be consolidated and published in a transparent report.
• Release 1 complete open-source smart contract suite on GitHub, accompanied by at least 10 pages of detailed technical documentation explaining the architecture and integration methods.

Qualitative KPIs:

• Community feedback: Systematically collect and analyze user feedback on the platform's experience, ease of use, and level of trust.
• Knowledge contribution: Successfully publish an open-source research report, and sharing lessons learned with the community.

3. How we will share outputs and contribute to the community:

Transparency and giving back are our core values. We are committed to sharing all outcomes with the Cardano community through the following channels:

• Regular progress reports: Transparent updates on project milestone completion via Proof of Achievement (PoA), as required by Project Catalyst.
• Open-source code on GitHub: The entire source code for the smart contracts and core platform components will be made public on GitHub under a permissive license, allowing the community to access, review, contribute to, and reuse the code.
• Documentation and educational content: We will create and share user guides, blog posts, and video tutorials on platforms like X (Twitter), YouTube, and Cardano forums to help users easily access and use 2Fund.
• Direct community engagement: The team will actively participate in Cardano events, host webinars, and AMA (Ask Me Anything) to present our results, gather feedback, and build a strong community around the project.

[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?

Our team is composed of seasoned developers and blockchain educators with a strong background in AI, Cardano, and decentralized technology. We have consistently secured funding from multiple Catalyst rounds, demonstrating our ability to execute innovative projects within the Cardano ecosystem. Some of our notable projects include:

The Moderntensor project won 1st prize in the Cardano Blockchain Hackathon 2025.

Our project funded:

• Fund 10 Funded Project: "🇻🇳 Vietnam Cardano Catalyst - NFT Exchange testing and development environment helps young people approach with the Web3.0 platform"
• Fund 11 Funded Projects:
• "Dualtarget for ADA-Holders (Staking and increasing assets) with a decentralized automated trading bot"
• "🇻🇳 The Complete Aiken Course Cardano: From Zero to Expert!"
• Fund 12 Funded Project: "Open source dynamic assets (Token/NFT) generator (CIP68)"
• Fund 13 Funded Project: “[BUTC] Fueling Growth: Cardano Hackathons to Inspire Startup Success”

These achievements not only provide a solid foundation for the current proposal but also affirm our capacity to effectively manage funded initiatives and deliver tangible value to the Cardano ecosystem.

Comprehensive blockchain expertise

Our team possesses deep knowledge and practical experience in blockchain development, AI, and decentralized solutions. Beyond project execution, we have contributed to Cardano through practical implementations and recognized research, such as:

• Article 1: "Students Scientific Research with Cardano Blockchain"
• Article 2: "Students Scientific Research with Cardano Blockchain"
• Article 3: "Scientific research results of students of the University of Transport and Communications 2024"
• Article 4: "Cardano Blockchain Hackathon Vietnam 2024”
• This blend of technical skill and active engagement in the Cardano community equips us with the competence and vision to successfully execute this project.

Validation and collaboration

The project's feasibility will be demonstrated through a Minimum Viable Product (MVP), incorporating both quantitative and qualitative measurement methods:

Quantitative metrics:

• Tracking the number of module upgrades and contributions via GitHub.
• Monitoring task completion rates on Trello.
• Measuring adoption through the number of active users on the platform.

Qualitative assessment:

• Conducting user satisfaction surveys to refine the product.
• Assessing stakeholder interest during project presentations.
• Close collaboration with the Cardano community and relevant stakeholders ensures our solution is practical, meets user needs, and aligns with the latest technological advancements.

Financial management and accountability

We are committed to transparent and effective financial management through the following strategies:

• Detailed budget planning: Clear allocation of resources for development, operations, and marketing.
• Transparent cost tracking: Maintaining auditable records of all expenditures.
• Periodic reporting: Providing regular updates to assess financial performance and guide strategic adjustments.
• Supported by our team's academic background and project management experience, we adhere to strict budgetary discipline and the highest standards of transparency.
• Amplifying impact and open-source commitment

We are not only focused on project completion but also on amplifying its impact through open-source contributions and community engagement. Our tools and solutions will be made publicly available, fostering decentralized innovation and promoting widespread blockchain adoption. Transparency and communication are our guiding principles through open dialogue with stakeholders, regular progress updates, and a collaborative environment, we ensure all parties are engaged in the project's success.

We invite Catalyst to join us in shaping the future of decentralized innovation.

[Milestones] Project Milestones

Milestone Title

System design & architecture

Milestone Outputs

• System requirements analysis
• Identify potential user and user needs
• System architecture desgin UML, including onchain and offchain components
• Design UI/UX in Figma
• Define and document use cases and conditional logic for the smart contracts

Acceptance Criteria

• Completed user needs, including results survey document.
• The system requirements document comprehensively details the business logic, key features, and technology stack.
• The architecture diagram clearly illustrates all off-chain and on-chain components and their interactions.
• The Figma design provides a complete, clickable prototype of all primary user interface flows.
• The smart contract documentation clearly defines all use cases and their specific conditional logic.

Evidence of Completion

• Link to the results survey.
• Link to the system requirements document (Google Docs or PDF on GitHub).
• Link to the UML diagrams (draw.io or equivalent, linked on GitHub).
• Public link to the interactive Figma prototype.
• Link to the smart contract use case documentation (PDF on GitHub).

Delivery Month

2

Cost

15331

Progress

20 %

Milestone Title

Smart contract development & testing

Milestone Outputs

• Developed and deployed smart contracts for the project.
• A comprehensive suite of unit tests and detailed test cases.
• A vulnerability and bug testing report from a structured security audit and bug bounty program.

Acceptance Criteria

• Smart contracts are deployed and function correctly on the testnet, aligning perfectly with the defined use cases.
• All unit tests run successfully with a 100% pass rate, with no errors or skipped tests.
• An independent party has successfully tested all functions to identify and report on bugs/vulnerabilities in both off-chain and on-chain components.

Evidence of Completion

• Link to the public GitHub repository containing the audited smart contract source code.
• Link to a PDF report of the test execution results, showing a 100% pass rate.
• Link to the PDF smart contract vulnerability/bug testing report.

Delivery Month

4

Cost

22591

Progress

50 %

Milestone Title

Frontend & backend development, offchain-onchain integration

Milestone Outputs

• Complete and deployed frontend user interface.
• Fully developed backend system.
• Integration with IPFS/Arweave for decentralized content storage.
• Integration between off-chain and on-chain components.
• Deployment of the entire project to a cloud hosting service.

Acceptance Criteria

• The user interface is fully functional, implementing all features described in Milestone 1.
• The backend API is stable, secure, and returns accurate data according to design specifications.
• Campaign-related data is successfully stored on and retrieved from IPFS/Arweave.
• The connection between off-chain and on-chain components is smooth and accurate.
• The deployed application is publicly accessible via a URL, user-friendly, and operates stably.

Evidence of Completion

• Link to the public GitHub repositories for the frontend and backend code.
• Link to the API documentation (e.g., Swagger or Postman Collection).
• Link to the fully deployed and functional website.
• A comprehensive video demonstration illustrating all major operational flows that meet the analyzed business requirements.

Delivery Month

6

Cost

22468

Progress

80 %

Milestone Title

Project finalization

Milestone Outputs

• Feature improvements implemented based on the security audit report.
• A fully functional MVP deployed on the Cardano Preview Testnet, available for public use.
• Comprehensive system documentation for both end-users and developers.
• A final Project Close-out Report.
• A final Project Close-out Video.

Acceptance Criteria

• The MVP operates on the testnet with all system features, based on the prior analysis, fully functional.
• The documentation is detailed, enabling both users and developers to easily operate and understand the system.
• The close-out report contains all content required by the community (e.g., Project Catalyst standards).
• The close-out video contains all content required by the community.

Evidence of Completion

• Link to the live MVP on the testnet and the open-source GitHub repository.
• Link to the user documentation (PDF format) providing detailed instructions on system usage.
• Link to the Close-out Report (PDF format) documenting the entire project process and results.
• Link to the Close-out Video on YouTube, visually demonstrating the features and achievements.

Delivery Month

7

Cost

15598

Progress

100 %

[Final Pitch] Budget & Costs

Please provide a cost breakdown of the proposed work and resources

SUMMARY

Milestone 1: System Design & Architecture

Estimated cost for this phase: 15331 ADA ⇔ 20.18%

Milestone 2:Smart Contract Development & Testing

Estimated cost for this phase: 22591 ADA ⇔ 29.73%

Milestone 3: Full-Stack Development Integration

Estimated cost for this phase: 22468 ADA ⇔ 29.57%

Milestone 4: MVP Deployment on Testnet, Documentation & Final Report

Estimated cost for this phase: 15598 ADA ⇔ 20.53%

Total Costs: 75988 ADA

For more detail budget, following by the link:

https://docs.google.com/spreadsheets/d/1MayOhn7HxqkEKOeG2ulsJC-wfHbzFlA0QPj0t5Vqmvo/edit?usp=sharing

[Final Pitch] Value for Money

How does the cost of the project represent value for the Cardano ecosystem?

The 2Fund project represents strong value for money because every component of our budget is directly tied to delivering measurable outcomes for the Cardano ecosystem. Our cost structure was carefully designed based on realistic industry benchmarks, taking into account the average wage levels and freelance market rates in our region, which are significantly lower than those in Western countries. This ensures that we can deliver high-quality results at a more competitive cost.

Direct alignment between cost and impact:

• Each milestone is mapped to concrete deliverables (system architecture, MVP, open-source smart contracts, documentation, and community testing).
• No funds are allocated to unnecessary overhead; instead, resources go into development, testing, and community engagement-activities that directly grow the ecosystem.

Proportional costs compared to market standards:

• Developer and researcher rates are benchmarked against local freelance market averages (typically 30–50% lower than US/EU rates).
• Video production, documentation, and community outreach costs reflect actual local service rates, ensuring efficiency while maintaining professional quality.

Long-term ecosystem value:

• Beyond delivering an MVP, 2Fund creates open-source smart contracts and technical documentation that can be reused by other teams, multiplying the return on investment.
• Every transaction on 2Fund (campaign creation, milestone payment, donor interaction) generates on-chain activity, contributing to ADA utility and network growth.
• By attracting artists and non-technical communities, the project expands Cardano’s user base beyond its traditional scope, delivering cultural and economic value.

Sustainability and cost-efficiency:

• The project uses a milestone-based approach: funds are only unlocked upon proof of achievement (PoA), ensuring accountability and transparency.
• Open-source code and community-driven testing reduce long-term maintenance costs while maximizing community contribution and trust.

In conclusion, the requested budget is not only proportional to the work and local market rates but also designed to maximize measurable outcomes for Cardano. Every ADA invested in 2Fund directly contributes to real-world adoption, increased on-chain activity, reusable open-source tools, and a more diverse, engaged community-making this a high-leverage investment for the ecosystem.

[Required Acknowledgements] Consent & Confirmation

Terms and Conditions:

Yes