Currently, most of the profits belong to the bookmaker and there is a lack of transparency, the rights, assets of the bettors are violated by the unreliable centralized traditional betting platforms.
We build the ADABET.iO platform applying Defi to ensure property rights and increase the benefits for bettors. With the WEB3, &Cardano's tech apply to ADABET to change the traditional betting platform
This is the total amount allocated to ADABET.iO | Cardano Betting DApp
===== Summary of the proposed solution =====
ADABet.io is a platform project that allows betting on sports competitions such as football, tennis, racing, baseball, golf, and many more… Basically, ADABet.io is a DApp built on the Cardano blockchain and applies WEB3 technology for distributing resources to players and ensuring the integrity of assets for players.
In the ADABet.io platform, tokens will be created specifically for the ecosystem of the players, it is designed to add value to the players as well as the ADABet platform while giving the players more flexibility in the game.
Place bets and pay without depending on cash or credit cards. Players can deposit with $ADA or $ABE (Token of ADABET.IO betting platform) to participate in bets and can withdraw to their wallet anytime.
ADABet is designed with many outstanding and attractive features, leveraging Cardano's decentralized platform for finance and governance combined with the favorite features of traditional staking platforms.
Features like live betting, scoring for winners, prediction betting, pear to pear betting or agent-book (allowing multiple dealers to join and create their own betting floor with their community).
The development team is very excited and enthusiastic about this project, it is expected that this will be a DApp worthy of attention and investment in the Cardano ecosystem, in the future, it will replace traditional betting platforms. present and give players a whole new experience. That's how Cardano blockchain, Web3 technology really changes lives.
===== Detailed explanation of proposed solutions =====
ADABET.IO | Cardano Betting dApp is a decentralized application for sports betting that allows players to create their own accounts, place bets, and self-monitor their wealth management. With most traditional betting platforms relying on bookmakers and focusing entirely on credit card transactions and payment systems, this limits the transparency of bet transactions. Therefore, there are many betting platforms that are established with low reputations, causing damage to players participating on these platforms that lack safety and security.
ADABET.IO leverages WEB3 technology and Cardano blockchain to make staking and payment transactions transparent, increasing the security of customers without needing to verify their identity, and increasing flexibility in payment Deposit and withdrawal assets based on ADA coin.
We are aiming for a broader betting market with a market value approaching $100 billion annually. The global sports betting market size was valued at USD 76.75 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.2% from 2022 to 2030 (*From Grand View Research).
Specifically, ADABET will address the following issues to completely change the way traditional betting platforms work.
1/ The prestige of the house is guaranteed:
Based on the decentralization of Cardano blockchain technology, players' assets are guaranteed to be intact in the blockchain, and applying smart contracts in staking transactions will create the transparency that the platform transmits. pine cannot do this. That is why the reputation of ADABET for players is very reliable.
2/ Fast deposit and withdrawal time:
Based on the transaction speed on the Cardano blockchain which is real-time and 24/7 ensuring continuous validation of thousands of Cardano nodes, it makes it possible for players to deposit and withdraw ADA coins whenever they want in just a few seconds.
3/ Customer care (DAO):
Currently, traditional platforms still take care of customers according to their time frames without time continuity. To overcome this, ADABET will create a self-governing community (DAO) mechanism that supports players against each other. It helps players with multi-dimensional information and self-learning faster when participating in the platform as well as building their own sharing community, so that the ADABET community will be more and more expanded and attract more people. play from traditional platforms here.
4/ In addition, ADABET also focuses on utilities for players such as:
Diverse odds and easy betting, friendly graphical interface, multi-language support, and especially many attractive promotions and games applying Defi and GameFi decentralized finance We feel that the power of WEB3 and Cardano technology will create an outstanding betting platform that is worth the investment and experience for ADA holders and the global betting community. That makes the Cardano ecosystem really more attractive and entices more people to invest in ADA. It's a better experience for the end-user that benefits the Cardano community and broader ecosystem.
ADABET's goal in collaborating with bookmakers is to share the outstanding advantages of applying Cardano blockchain technology to betting platforms. Collaborate with leading bookmakers to share the vision and benefits of ADABET. Collaborate and invite investors to the ADABET.IO platform, and participate in shaping the standard for licensing to ADABET agents.
===== Solutions to solve the above specific problem =====
About technical solutions:
We will build a server system to operate the Cardano node and Cardano-DB-sync network for the ADABET dApp platform, this will ensure that the dApp APIs connect to the Cardano blockchain continuously and avoid the occurrence of request timeout in the system, and at the same time be autonomous in connecting and pre-built APIs for partners or agents. Design and build tokens to serve in the ecosystem of the betting platform. Build a web server system and database to develop user functions on the platform.
About the dApp content solution:
Design the basic features of the betting platform, while adding new and trending features for the players. Features like live betting will not limit the number of bets in a match, scoring for the winner, prediction betting, peer-to-peer betting, or agent-book (allows multiple dealers to participate and can create their own platform, and bet with their community). This will always create interesting games and form for players (like betting on Football, Basketball, Baseball, Horse Racing, Cricket, Hockey, and others..). Design tokenomics to attract investors as well as create benefits for players, adding value to the ADABET platform (we call it $ABE coin). It will be used to generate rewards for players, create financial games within the platform, serve investors, market, and reward the product development team. In addition, we apply WEB3 to ensure the ownership of players' assets as well as smart contacts to help transactions in the platform be more transparent and reputable.
Regarding legal solutions:
We are working with reputable licensors as well as major bookmakers to join the global betting market, helping to expand players and increase their benefits. (Cagayan Economic Zone Authority, Isle of Man, PAGCOR..)
The KPIs for the project to go straight to solving the problem are:
We believe that with each methodically implemented and communicate content, the ADABET betting platform will be interested and invested by many people, and it will be a new thing to replace the current betting platforms.
===== Risk management, solutions and awareness =====
Technology not yet supported:
The ADABET is designed with many technical pieces deeply involved in the Cardano blockchain technology, which is not easy for new entrants and can make their project look fuzzy. We built our own Cardano Nodes to delve into blockchain engineering and attended IOG Plutus, Marlow, and Haskell courses to keep up to date with the advancement of the Cardano platform. We have a team of 7 software engineers working with blockchain in ADABoys LAB. With the experience from 2 previous funds F7 and F8 we have worked a lot of hours with Cardano, which helps to accumulate a lot of experience. experience correctly identifying the techniques needed to develop this project.
ADA Coin Down:
(As with many of the projects we are developing, concerns about the falling value of ADA) When the crypto market goes down, it affects the price of ADA coin, causing the investment value in project development to decrease, which is inevitable in many projects on Catalyst. With experience from previous Funded when we were funded. We always request a 10% portion of the total project budget for project risk management, and will immediately cash out staff salaries, and expenses for key parts of the project. This ensures that we are not affected much by the price of ADA coins. The rest of the ADA we spend on the project's ADA payments, for testnet or main-net or product listing.
Many projects cannot build their own development team, nor do they have long-term partners because the project does not guarantee large financial resources for outsourcing, which makes many projects on Catalyst develop slowly, it is potentially risky. We are well aware of that and from the moment the proposal was written, it was clearly planned. We build an in-house development team and are always ready for resources to participate in the development of new projects.
===== The Project Roadmap =====
(In this section the teams involved in development: backend, system, networking, and blockchain technical team)
(In this section the teams involved in development: UX/UI, frontend, backend, system, and blockchain technical team)
(In this section the teams involved in development: Marketing, QA QC, frontend, backend, system and blockchain technical, and SPO team)
(In this section the teams involved in development: Marketing, frontend, backend, system, and blockchain technical team)
===== Term Success =====
Short-Term Success After 3-6 Months:
Finished ADABET's community build.
Finished design Tokennomics.
Short-Term Success After 6-12 Months:
Short-Term Success After 12-24 Months:
========== FUND 9 Detail Fund Allocation ==========
Tasks: (Design server and network infrastructure for ADABET platform to operate, Server system, network, security, cloud services ..)
~ 250h x ($60/h) = 15,000
Tasks: (Design UX/UI of App & Web, collaborate with frontend team to complete graphical interfaces for ADABET applications)
~ 200h x ($55/h) = 11,000
Web Front End:
Tasks: (App Functions, Admin page, Plugin coding, Templates build, UI coding in conjunction with Design, Backend, and QA teams to perfect the product)
~ 250h x ($60/h) = 15,000
Web System Backend Dev:
Tasks: (Coding API, Database query, monitoring, backup system, cooperating with dev team and blockchain developer to provide available APIs)
~ 250h x ($60/h) = 15,000
Tasks: (Build a Cardano node server, Cardano-db-sync, design and build the platform's $ABE token, Smart-contact coding, Analysis transaction logs, Integrate Cardano blockchain to the dApp..)
~250 x ($80/h) = 20,000
QA & Testing dApp:
Tasks: (Testnet dApp, App functions testing, unit testing, security testing, collaborating with Dev teams to fix bugs and finalize the product)
~ 170 x ($40/h) = 6,800
Tasks (Promote product promotion, build community, cooperate, find investor partners, develop the market for products, create events for introduction to end-users)
~ 158 x ($50/h) = 7,900
Hardware: (API servers, WebServers, node Cardano servers, database servers, storage, cloud services..)
~ 6servers x 500$x 6 months = 18,000
Due to labor market fluctuations affecting project resources, and fluctuations in the cryptocurrency market, we set aside a budget for this risk of 15% of the project.
~ 108,700 x 15% = 16,305
Tax(10%) now 0% by support from our government for entertainment content & IT StartUp.
Total budget request: $125005
specifically, see this link of ours: https://bit.ly/3bxZGHr
===== Co-Team Members & Experiences =====
Software, cloud engineer, Cardano AC/PA/Proposer, ADA stake pool owner, technology startups.
A software engineer and IT specialist who worked for many big IT tech firms in Japan such as GNT, ISFNet, and IBM. Experienced in software product management, and digital content with 15 years of the mobile app, and mobile game development on Android and IOS. Experienced with Cardano technologies. CA and well understand the Catalyst project.
Co-Founder ADAboys LAB. https://mobile.twitter.com/boys_ada
Founder of Technotes.Asia | Specializing in digital transformation for advanced technology and tech startups.
Founder of Peafone Studio game (www.peafone.com) | Develop game content on mobile and applications on smartphones.
Founder of [ATA] Pool (https://bit.ly/3i5MBVN)
Proposer funded in F7, F8(cPay, 2MinApp, cBlling, Bwork, IronSky game P2E proposal)
Software engineer, programmer, co-proposer
Experience: (10years+ in) Coding, App, APIs, BackEnd, Fullstack, ADABoys_LAB team
Software & System engineer, programmer, co-proposer
Experience: (17years+ in) Coding, BigData, Backend, System architecture, ADABoys_LAB team
Software & System engineer, programmer, catalyst co-proposer.
Experience: (15years+ in) Coding, Build System, SPO, FrontEnd, Run node Cardano.
Software & System engineer, programmer, Cardano blockchain engineer
Experience: (8years+ in) Cardano blockchain technical, Coding, Build System, BackEnd.
Software & System engineer, programmer, IT.
Experience: (15years+ in) technology digital transformation, Coding, Build System, BackEnd, Cloud services, and bigDATA.
Software & System Engineer
Experience: (12years+ in) Master AWS, Build System on Cloud, Infra architecture
Designer, Artist, Graphics
Experience: (12years+ in) UI/UX design App Mobile, Web-frontend, Game Artist
Designer, Artist, Graphics, 3D builder
Experience: (7years+ in) 3D module build, UI/UX design App Mobile, Game Artist
System engineer, network security specialist
Experience: (17years+ in) Coding, Security, Network, CA/PA, and Catalyst co-proposer.
Responsibilities of members:
All our proposals in Fund 9 & team members:
Surely we will continue to return to the catalyst in the following rounds. Our plan is to continuously develop our products to create opportunities for investors participating in ADA holding and the Cardano community to gain the attraction of this project with sports betting lovers on the blockchain platform.
In fund 10 we will expand the platform and apply the latest updated technology of Cardano to the ADABET platform. Furthermore, we will develop a dealer network based on local Cardano communities as well as global betting communities. Help the participants on the platform see the benefits of this dApp and in the future, it will replace the way of playing on traditional platforms.
A key point for the success of the project is building smart-contracts for betting transactions and we are researching and developing, when fund 10 takes place the integration of smart-contracts into our dApp will be implemented more easily.
===== Manage project development progress and indicators =====
For this project, we use the SCRUM model. In order to manage and track the progress of ADABET dApp development, we have divided specific and clear roles within the project participants.
Simply put, the process we apply to ADABET development is explained as follows:
Organization: Organize project team and Roles
▪ Proposal Owner
▪ Project management (Coordinator )
▪ Development Team
Document (Artifacts): Outputs
▪ ADABET.IO platform products (List of product development functions)
▪ ADABET.IO platform tasks (List of functions to be developed for each stage)
▪ Estimation (The team's estimated result)
Process: Specifies how the project will operate
▪ ADABET.IO platform Planning meeting (Meeting to plan for each phase)
▪ ADABET.IO platform Review (Meeting to summarize for each phase)
▪ Daily ADABET Meeting (Daily review meeting)
The Proposal Owner is the person who owns the product, who decides what functions the product has and who decides on the ADABET Backlog, and will be a part of the software development process.
The project manager is the person who ensures that the project's processes are implemented correctly and smoothly, helping the Team to do the best product development work.
A team of ~10 software engineers (ADAboys LAB) is responsible for product development. The project team works with the Proposal Owner to decide what to do in this ADABET (phase) and what the results will be. At the same time, the group also discussed coming up with solutions, estimated the time to perform the work, and met to evaluate the work results. If the project is large, we will divide it into small projects.
Besides, we monitor the development of the project through indicators such as:
With such a tight and dynamic software development process, we always ensure the progress of the project as well as anticipate problems. Together with the above recognizable metrics by numbers, we believe the project will be successful.
See more details of the proposal by following the link: https://bit.ly/3yj4Fo2
In addition, the community can track our project progress on project websites and community groups that we have set up specifically for the ADABET community.
===== Success in the funding =====
We create a completely new betting platform based on the Cardano blockchain combined with the special features of WEB3. Our expectation is to make the ADABET platform truly decentralized, and the assets of End users get integrity on the blockchain. This platform will bring the property ownership experience to players, and the right to preserve the identity of bettors, it is really useful on a betting platform that needs to ensure the highest reputation. In the future, the development team is ambitious: the ADABET platform has the ability to replace the current betting platforms.
The first phase is very important for our project.
We identified certain success steps to be achieved during this phase as:
• Build the platform with servers that connect and operate the Cardano node directly, Cardano-db-sync for project development.
• Complete data communication APIs in the system.
• Build a wallet of the ADABET platform that serves customers to create and manage their assets.
• Fully built betting features.
• Build smart contracts in staking transactions.
• Build ADABET's community channels.
• Design tokenomics for the platform and release $ABE for games in ADABET.
When the project enters the marketing and release phase, we believe that many investors will be interested, and especially with the betting community, it is a worthy platform to experience development based on blockchain technology.
Make sure the benefits to the customer are defined as:
• Safe and secure assets on Cardano blockchain build up on ADABET platform.
• Transaction identity is completely confidential.
• The benefits of decentralization and community self-governance and support together.
• Fast deposit and low fee asset transactions based on Cardano blockchain transactions, customers only wait a few seconds for the transaction to complete.
The success of ADABET.IO DAPP is bringing more investors to hold ADA through our platform, attracting a lot of new investors to Cardano as well as many betting transactions on ADABET. The project contributes to the richness of Cardano’s dApp ecosystem as well as new experiences for ADA fans.
ADABET.IO is a new proposal that we submit in this Fund9.
It has nothing to do with any of our proposal in previous Funds.
Goal 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Goal 10: Reduce inequality within and among countries.
#ADABET.iO_Platform #economic #sustainable #employment
We are IT experts, software developers with 15years+ startups in the field of Mobile App, Mobile Game and internet entertainment content. Our team also has experts in Security, Cloud computing, AI, Blockchain. Besides, there is cooperation with online digital marketing partners.