2Min Review

Building a simple toolkit to offer the Vietnamese community an inclusive service to read, understand and evaluate submitted proposals.

Over the years, I have reviewed hundreds of cryptocurrency projects, and reviewed more than 500 submitted proposals of Catalyst.

Problems statement

Vietnamese stakeholders have difficulties to read, understand and evaluate submitted proposals in project Catalyst.

They also do not know how to determine by 3 criteria: Impact, Feasibility, Audibility.

Solution

Building an easy to use toolkit based on Google sheet to offer the Vietnamese community an inclusive service to read, understand and evaluate submitted proposals in project catalyst.

• Easy
• Fast
• Fair
• Exact

Users can make a copy of the toolkit and start to evaluate.

Background:

Founder: Duc Tiger

• Twitter: https://twitter.com/DucTIGERpool
• Over 4 years studied in blockchain and cryptocurrencies
• Catalyst community advisor (CA) - I had assessed more than 500 proposals in F4 and F5.
• Community manager
• Leader team TIGER View - That we are focusing on found out the best token on Cardano ecosytem

Key members:

• Đinh Thị Sang - TG: t.me/San_BIMI
• Xuyến Đàm - TG: t.me/hannahgates
• Vũ Quốc Tuấn - TG: t.me/tuannghech
• Triệu Lưu Lệ Ly - TG: t.me/BuBeo
• Trần Bảo Hiếu - TG: t.me/HieuTran81
• Nguyễn Hoàng Anh - TG: t.me/anh5941
• Đoàn Thanh Bình - TG: t.me/thanhbinhihere
• Hồng Ân - TG: t.me/hongan282
• Bùi Quang Minh - TG: t.me/MinhBui2Min
• Nguyễn Tiến Thái - TG: t.me/Thainguyen2109
• Phạm Thị Tuyết Nhung - TG: t.me/phamtuyetnhung

We started to build, grow and maintain a Vietnamese Cardano community 4 years ago, here in Vietnam. Currently our social channels (Telegram and Facebook) include and inform more than 4000 Vietnamese community members about cardano and catalyst related news and content. One of our main goals is to include the Vietnamese community into project catalyst and to become part of a diverse and global community. Some very first steps in regard to including Vietnamese stakeholders in project catalyst, is to offer some easy tools with which the Vietnamese community can be included in the catalyst process.

One of these tools is presented in this proposal and we hope to get your support for our mission. providing tools and access to Vietnamese people to the Cardano ecosystem.

Rounds of review

To evaluate submitted proposals in project Catalyst, the process includes 2 separate stages: 2MIN and DETAIL. Each stage consists a different goal.

Stage 1: 2MIN review

Everyone can review the proposals within 2 minutes to determine if the proposals are ready to run or not. A proposal that should be funded is:

The team members are

• (1) identifiable,
• (2) interactive,
• (3) carefully prepared for a clearly, and detailed plan.

The Vietnamese Catalyst voting community will evaluate all proposals on based on 3 criteria:

• Profile of members
• Activities of members
• Detailed plan

This round does not require a profound knowledge about blockchain and cryptocurrencies nor a high level of English language skills. The main task focus on the proof of following criteria:

Does the Proposal owner(s)

• Publish their profile - YES/NO
• Interacts with the community - YES/NO
• Well prepared their proposal - YES/NO

Stage 2: DETAIL review

Vietnamese Community advisors will evaluate the proposals which gain more than 3 scores in the 2MIN review stage based on 5 criteria:

• Problem statements
• Solution
• Team's background
• Milestones
• Budget plan

Reward for CAs

What is EP score?

EP means experience power score, the proof of

Used as a parameter to calculate 2MIN average score and DETAIL average score.

Based on the reliability assessments of the 2MIN round.

Each of your Primary scores that deviate by less than 30% from the Detailed Score Average is considered a reliable assessment.

For example: A proposal with an average score of 2MIN stage equals 3. If your 2MIN score between 2.1 and 3.9, then you get 1 reliable assessment.

EP levels:

• EP=1: achieve 0-100 reliable assessments.
• EP=2: achieve 200-300 reliable assessments.
• EP=3: achieve 300-500 reliable assessments.
• EP=4: achieve 500-800 reliable assessments.
• EP=5: achieve more than 800 reliable assessments.

What is AR score?

AR means activity result score

Used as a parameter to calculate reward for CAs, vCAs. And to allocate personnel to specialized positions.

Based on the activities of members. Each activity below might get 1 AR score:

• Gain 100 reliable assessments in 2MIN review stage
• Gain 20 reliable assessments in DETAIL review stage
• Translate into Vietnamese 1 proposal
• Top 10 supporters
• Invited 5 new members join into the group
• (... and more additional tasks in another sheet)

Result

Vina CAs team started a first pilot in Catalyst Fund 5 (without the Detail round) and improved the process and design of the 2MIN review round with 30+ participants which assessed submitted proposals. See the report sheet https://docs.google.com/spreadsheets/d/14ke4KvGHn4Hzzp5bAhFiMmUp-fwS6A1BIBs6lKyROn4/edit#gid=836317883

Also, we have helped hundred voters to vote in fund5.

What will we do next time?

*In 3 next months:

• Evaluate in the DETAIL stage
• Support the Voting community to vote
• Support new members to evaluate in the 2MIN stage
• Help 200 Vietnames to assess the proposals in F6, F7

*In 6 next months

• Make English virsion
• Help at least first 100 people in over the world to assess the proposals in F7, F8
• Build dApp or web platform  that integrates with Cardano blockchain, then people can evaluate on their own mobile devices.

*In 12 next months

• Reach 1000 users. 
• Make one Non-English language virsion (might be Japanese, Korean, Indonesian, etc) on the dApp (or website)

Budget

• 2.500$ Reward for CAs 
• 2.500$ to translate proposals hit 3 points  in F6 & F7: 5$ per proposal x 500 proposals 
• 2.000$ Salary to support CAs 
• 1.200$ Youtube editor and fanpage admin for 3 months
• 3.800$ Reserve

Total request: 12.000$

Key metrics

• Rate of new members Voting community
• Total assessments of each fund

Conclusion

This project is impactful. It encourages thousands investors  to reach the Cardano ecosystem and to participate in decision making.

This project is feasibility. Because we have successful tested 2 last funds.

This project is audibility. All assessments will be updated real-time in a Google sheet file named "Fund6-Hub" during ASSESS and GOVERNANCE phase of fund 6 and fund 7

Now we are ready to start Fund6 with more people experience and ideas to become an active part of the global Catalyst community.

So, please VOTE for this proposal to help more people know about what Cardano ecosytem is.

Regard,