Rewards for Community Contributors

[IMPACT] Please describe your proposed solution.

This proposal is a phase 2 development of a proposal funded in Fund 8 []. With the desire to be a decentralized information site, we expect all members who contribute to content creation to receive rewards.

Problem Statement

Most people create content about Cardano because of their interest and passion. They are the ambassadors for the strong Cardano community. Hence, we need a reward mechanism for them.

Community is the most Cardano valuable asset by building and contributing value. Thus, it is necessary to encourage them with well-deserved rewards

Solution

A reward mechanism will encourage the contribution of members. Contributors are motivated to create useful content for the community

Content contributors will be evaluated under the following parameter:

1. Relevancy: Based on the topic of contents
2. Instantaneousness: Based on the delay of the content compared to the original message
3. Virality: Based on the number of viewers and the speed of sharing.

[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.

This proposal will centralize the wisdom of the entire community to share and improve knowledge about Cardano. This result in a cohesive community, focusing on human knowledge. This is what sets the Cardano community apart from the rest of the crypto world

[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?

During the implementation of the project, we have foreseen some risks as follows:

• Not updating enough news every day
• Not updating daily news in time
• Market price fluctuations cause a shortage of bonus funds for contributors. We are requesting $1,200 additional for the reserve fund.

To resolve this problem, besides content contributors, we also develop in-house content creators. This is very useful in the early stages of starting a project

[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.

Milestone

In the next 3 months after approved

• Recruiting and training contributors from the community: 20 people
• Achieve 300+ contents

In the next 6 months after approved

• Recruiting more members of the contributor team
• Achieve 700+ contents

In the next 12 months after approved

• Achieve 1200+ contents

[FEASIBILITY] Please provide a detailed budget breakdown.

Goals:

• 1200+ contents
• 50+ members active contributions

Cost per content

• Contributor: $20 for min 1000 words
• Designer: $1
• Administrator: $0.5
• Trainer: $0.5

Subtotal: $22 per content

In shorts:

• $26,400 (1200 x $22 ) - Reward for contributors
• $2,000 - Consultant fee
• $1,200 Reserve to watch out for flipping ADA price

Total: $29,600

[FEASIBILITY] Please provide details of the people who will work on the project.

This project uses resources from the community, so we only focus on building models and selecting contributors from the community.

Marketing Team:

• Nhan Tran, SEO Leader, Content Creator
• Hoang Nguyen, Designer

Hung Nhu, Consultant & Trainer, Funded Project, Community Manager

He has the role of consulting and moderating the content made by members of the community.

[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.

If we are funded, we will return to Catalyst in a later round for additional funding, as Content currently serves to spread Cardano to a larger part of the community. 

[FEASIBILITY] Are you or any member of your team working on any other proposals in this Fund9?

[FEASIBILITY] Are you or your team working on any other proposals from previous Funds?

[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?

This proposal can measure by

• Number of contents that have been produced by contributors
• Number of Active Contributors
• Rate of increase in audience, new readers every month

[AUDITABILITY] What does success for this project look like?

This proposal will construct a reward mechanism for those who actively contribute to the development of the Cardano ecosystem.

• A reward mechanism
• An active contributor community
• A self-growing and expanding community

[AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.

This proposal is a continuation of a previously funded project TADATek Insights in Fund8