Renovate Catalyst funding mechanism

Develop a tool for Catalyst fund management where released fund is made automated & proportion to project progress and completed deliveries.

Founder team has varying expertise, namely: Full-stack developer; Project manager; Community manager; Data analysis; Dev team maker; Software product manager and Business owner. Each with more than 10 years of experience.

[IMPACT]

a) Current situation:

- At the beginning of a fund, after a proposal is selected as succeeded one, Catalyst will disbursement numeration to the proposers. After few weekly reports, the proposal will continuously be disbursed. This led to a lack of supervision on: (1) how the funded project performs; and (2) how well delivery is achieved, wasting Catalyst resources.

b) Solution:

This proposal develops a tool for supervising and distributing fund through:

- Number of deliverable: Corelate the number of deliverable and the corresponding fund release.

- Progress of deliverable: This consider whether the deliverable is on time or not.

- Quality of deliver: This is the most difficult part of the solution. In such cases, expert should be employed to assess the quality of deliverable. It is suggested to employ CA and vCA as expert for this assessment.

c) Technical solution:

Parallel to building audit tool, we will be creating a database of proposers and proposals for many years to come. In addition to the official update from Catalyst through Funds, in the long term, we would like to analyze this source of data on the basis of bigDATA with simulation algorithms. This will, in the future, help create a reference source for Cardano's DAO formation and governance.

• Build APIs pool.
• Architecting and building the original database.
• Realization of statistics on the web.
• Functions to review and classify proposal according to established criteria.
• The virtual reward model in the system is almost similar to Catalyst's current reward mechanisms.
• Essential statistics and indicators for Ideascale.

With the vision of the project towards a testing system for the funding process as well as implementing prototypes before the next funding rounds of Catalyst Funding.

The programming languages and tools we used to develop this project include:

• NodeJS, React, Flutter, JavaScript, MySQL, MongoDB,
• Operating system used: Linux, iOS, Android...
• Infrastructure like Amazon Services cloud computing, SoftLayer of IBM,…

• Automation of managing project after it gets funded.
• Correlation between project fund release and (1) project progress; & (2) project delivery, making the management of Catalyst fund clear and transparent.
• Number of onboarded developers increase.
• Number of reports on project progress, project delivery increases.
• Number for qualified delivery increases.

a) Risk identification:

• Funding may arrive later than expected, affecting project progress.
• The evaluation of the quality of proposal may lead to some difficulties.
• Inflation and economic recession may affect project team such as epidemics, wars.

b) Risk mitigation:

• Founder team directly develop the project, so the work progress is less dependent on the project funding progress.
• Qualified third party may be employed to assess if required. Making use of CA, vCA as experts for delivery assessment.
• Founder team is directly involved in the development of the mechanism, so the funding progress, inflation and war has little effect on the project progress. Besides, we are surrounded by a pool of expertise and can be called in action in a very short of time.

[FEASIBILITY]

a) In the next 3 months after approved.

- Developing a mechanism to pay catalyst fund for successful projects based on deliverable, project progress.

b) In the next 6 months after approved.

Send the tool to an independent third party for evaluation of its feasibility.

c) Roadmap:

Month 0-2:

• Develop a theory on Catalyst funding management that correlates amongst project fund, deliverable and project progress;
• Programming the theory to make a software for project funding management;
• QA & testing the software;

Month 3:

• Design a website to upload the software for public use;

Month 4-6:

• Select a competent third party that can verified the proposed mechanism;
• Send the proposal management mechanism to the selected party for assessment;
• Make modification to the proposed mechanism (if required).

• Design a Tool to for Catalyst fund management (control the auditability of a project): 150h x ($50/h): $7.500
• QA & Test: 40h x ($50/h): $2.000
• Develop a website to upload the plugin, fee for server and other costs: 1.000$
• Fee for verifying the Tool to the competence third party: $10.000
• Project management fee (4h/week in 25 weeks long): 100h x ($50/h): $5.000
• Contingency fee: $3.000
• Requested fund in USD: $28.500

a) Do Manh Hung

Experiences:

• Master of finance
• Community manager
• Plutus Pioneer
• Influence and inspire trainer
• Main lecturer of FIMI's course

Obligation:

• General Advisor

Social channel: 

• Telegram: https://t.me/Hung_DoManh
• Linkedin: https://t.me/StakingADA

b) Duc Tiger:

Experiences:

• Business owner
• Digital marketing
• Community management
• Data analysis

Obligation:

• Marketing management
• Finance management

Social channel: 

• Telegram: https://t.me/DucTIGERpool
• Linkedin: https://www.linkedin.com/in/DucTIGER

c) Trong Nguyen

Experience:

• An IT specialist who worked for many big IT tech firms in Japan such as GNT, ISFNet, and IBM.
• Experienced in software product management, digital content with 10 years of mobile app development for Android and IOS.
• Mentor for startups in mobile content and blockchain, startup founder, dev team maker. He is also a software engineer with many years of experience in internet-based product development.

Obligation:

• Product management
• Digital content
• Project Schedule Management

Social channel: 

• Telegram: https://t.me/alex_trongnguyen
• Linked: https://www.linkedin.com/in/trong-nguyen-4092b568

d) tvauce

Experience:

• Project manager
• PMP holder
• Business owner

Obligation:

• Overal project manager

Social channel: 

• Telegram: https://t.me/tvauce
• Linked: linkedin.com/in/tran-viet-anh-71668b25

[AUDITABILITY]

a) In the next 3 months after approved.

- Developing a mechanism to pay catalyst fund for successful projects based on delivery, project progress: 100%

b) In the next 6 months after approved.

Send the tool to an independent third party for evaluation of its feasibility:100%

c) Milestones:

Month 0-2:

• Develop a theory on Catalyst funding management that correlates amongst project fund, deliverable and project progress: 100%
• Programming the theory to make a software for project funding management: 100%
• QA & testing the software: 100%

Month 3:

• Design a website to upload the software for public use: 100%

Month 4-6:

• Select a competent third party that can verified the proposed mechanism: 100%
• Send the proposal management mechanism to the selected party for assessment: 100%
• Make modification to the proposed mechanism (if required): 100%

• A completed tool for proposal auditability that correlate released fund and project progress & project deliverable.
• Since the funding process is transparent, Catalyst fund will attract more talents to submit their idea. As a result, the number of proposal increases.
• Number of reports on project progress, project deliverable increases.
• Number for qualified deliverable increases.

No