not approved

Adacheems:Optimize the value of NFT

$50,000.00 Requested
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Community Review Results (1 reviewers)
Impact / Alignment
Feasibility
Auditability
Solution

AdaCheems NFT Project - Optimizing Use Values and Building the Economy of the NFT. We bring an NFT world that includes economy, real-world connectivity, and stronger interactions for owners.

Problem:

The other NFTs on the Market is too wasteful to just be on display. We bring an NFT world that includes economy, real-world connectivity, and stronger interactions for owners.

Yes Votes:
₳ 2,015,007
No Votes:
₳ 24,562,796
Votes Cast:
149

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[IMPACT] Please describe your proposed solution.

We realize that the current situation of NFT projects built on Cardano is suffering from the following problems:

• There is no practical application, mainly used for display, this is very wasteful.

• Mainly NFTs are designed by the project development team, without user participation, which reduces decentralization.

• Lack of interaction between artists and users, no community for art lovers

The above problems show that current NFT projects are too wasteful when they have not taken full advantage of their applications.

So we bring a solution for users, which is Adacheems, an ecosystem that focuses on the benefits of the community. Adacheems will solve the above problems by optimizing the use-value of NFTs as follows:

1) Help users earn more passive income from Staking NFT:

=> for your Staking NFT holder and get a reward of $ACHEEMS, This is our NFT Staking mechanism:

  • <https://docs.adacheems.com/nft/nft-staking>
  • About Token $ACHEEMS:

Token Acheems is the project's governance token, users use the token to participate in application activities in Ecosystem Adachems. , please find out more details here: <https://docs.adacheems.com/economy>

How did we make the Governance Token valuable?

By integrating it with practical applications for users such as:

  • Use $ACHEEMS to participate in the Metaverse Art Exhibition fee (specifically as a fee to post works to the exhibition, Donate for beautiful works)
  • Evolution for NFT
  • Charity for wildlife shelters
  • Fees for NFT personalization.

From the above, it helps to develop the ecosystem of Adachems and increase the value of the $ACHEEMS Token, thereby making users enjoy participating in the project, stimulating the need to use and hold the Token.

2) Personalize NFT according to user preferences:

Those who want a personalized NFT must own 1 NFT minted from the launchpad ring and combined with the $ACHEEMS token to exchange for a personalized package. When you own a personalized NFT package, you will have the privilege of designing the NFT according to your preferences, drawn by you or you bring in ideas and we will draw for you. In addition, they also enjoy their Airdrop perks.

3) Organize interactive events between artists and users:

Currently, many artists have beautiful works but are not known by many people. To help them, we bring them to the Metaverse Art Exhibition, where the community will interact and connect with those artists. The Metaverse art exhibition aims at the interaction between the user community and the artist, as well as optimizing the usability of NFT ADACHEEMS.

The event will include the following activities:

1. Display of works of art

2. Vote for works

3. Receive a prize

Here is our Metaverse Art Exhibition model: <https://docs.adacheems.com/economy/metaverse-art-exhibition>

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

Currently, NFT projects on Cardano are mostly not built into Dapps but just a few paintings or a collection. Therefore, there are many NFT projects but there is no long-term investment. The items are mainly of aesthetic value and are traded on an emotional basis.

With Adachems it is different - our vision is to build and develop the project into a Dapp platform for the benefit of the community. Realizing the waste of NFTs, we conceptualize and build projects to optimize their values.

Not only has aesthetic and emotional value thanks to the image of Cheems dog that is loved by many users, but ADACHEEMS NFT also has practical applications, and the features we integrate into NFT will form an ecosystem. towards the interests of users, thereby bringing value that users want to hold in the long term.

The things that we do are:

  • Staking NFT: Staking NFT will help NFT be used to bring passive income for users to avoid the waste of just keeping it in the wallet.
  • Personalized NFT: helps users own NFT items according to their preferences and creations.
  • Evolution: You can increase your income from Staking NFT by evolving your NFT items.
  • And finally, we help artists and users interact with each other through the Metaverse Art Exhibition.

Our project that addresses the challenge presented is Dapps & Integration Products that further drive real value for NFTs.

Special features of NFT Adacheems:

  • Our NFT will be divided into 4 different classes. Each class represents a class in ADACHEEMS society (worker, knowledge, business, tycoon) with different privileges and rarity. <https://docs.adacheems.com/nft >To create fairness among users, the cool thing here is that you or any other player when Mint NFT will receive a random class NFT.
  • Personalize NFT: this is an event for those who are passionate about art and want to own an NFT that shows their individuality. NFT Personalized Collection will be limited to 1000 copies.
  • Evolution: Our NFT doesn't just come in a single form, but owners can also level up the NFT for better mechanics and better visuals. As you evolve your ADACHEEMS NFT, you will receive an upgraded version that becomes the more beautiful ADACHEEMS and other perks:
  1. Aesthetic Perks: NFTs will be transformed into more beautiful and unique designs and animations.
  2. Economic Privilege: Grown NFTs will receive 20% more ACHEEMS than non-developed NFTs from Staking.
  3. Promo Perks: Evolved NFT owners will get 5% off memorabilia we'll be releasing and 5% off participation in the Metaverse Art Show.
  • When participating in Metaverse Art Exhibition, NFT ADACHEEMS owners will receive a discount on registration and sales fees.
  • Participate in interactive events with real-life: charity, art lover's meeting, lucky lottery tickets,…

Why choose Cheems?

Cheems is a Meme well received and loved by Generation Z for its humor and optimism. Our project chose the image of the Cheems dog because the influence of this dog is huge, it is also a widely popular symbol in the crypto market. Examples are:

• At the end of 2020, the image of a golden Shiba dog was chosen by Twitter to be the cover photo of the official channel.

• Featured as the main character in a meme that is considered an iconic, international meme in “Swole Doge vs. Cheems”

• Cheems also has a huge fan base around the world:

<https://www.instagram.com/balltze/>

<https://www.facebook.com/groups/200180028031088/>

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

Problems that could be a risk to the project

• We realize that the current challenges facing the project is that the number of NFT-owning users is not yet widespread on Cardano, but we also see this as an advantage because NFT-related projects are not yet many, not attractive. We consider this as a primitive and fertile land for the successful development of the project.

• Technological obstacles such as Blockchain Cardano are quite limited in terms of scalability and connectivity with other blockchains, due to the use of a separate programming language.

How we reduce risk:

  • We will do our best to promote, show users that holding and investing in NFT on Cardano is a specific advantage such as: low fees, good security of the Cardano blockchain, and a very united Cardano community.

  • Learn and learn more about the Cardano blockchain every day, add more knowledge about Haskell, Marlowe, Plutus.

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

<u>We will develop the project and its target works within the following timelines:</u>

Q3/2022: ( Finished )

• Brainstorming

• Web Design, NFT

• Marketing

• Build community

Q4/2022:

• CHEEMS Collection

• Whitelist Registration

• Launchpad on CNFT.io

• Trade NFT on the Marketplace

Q1/2023:

• Airdrops

• List $CHEEMS tokens

• Charity Events

• Staking NFT

• Marketing

Q2/2023:

• Personalization Events

• Metaverse Events

Detailed plan:

We have completed the work items and targets in the third quarter of 2022, after being funded, we will immediately start the work in the fourth quarter of 2022 with the detailed plan as follows:

Product Design: We will finalize the NFT collection, so far we have designed 580/4000 NFTs and once the collection is complete, we will open allowlist registration. for the first NFT sale. We plan to launch the launchpad at Marketplace platforms like CNFT.io and eventually users can trade freely at all the NFT Marketplaces built on Cardano. (1 month)

Technical Design: Programming to complete operations on blockchains (Smart Contract, Interaction with Web3, designing databases) (1 Month)

Marketing: Building community, communicating on social networking sites such as Twitter, Facebook, Instagram, Discord, Telegram… (3 months)

[FEASIBILITY] Please provide a detailed budget breakdown.

<u>Below is our Estimated Budget to complete each Quarter 4/2022 shown in the Roadmap ( 3 Months )</u>

<https://docs.google.com/spreadsheets/d/1AY4Jy3OTzE9z221mjTZ4SMYGwDtjtPc6q5SyY30-J6g/edit?usp=sharing>

Technology Personnel:

  • 1 Haskell Blockchain Coder 2500$/3 months
  • 1 Front End Website Coder 1000$ /3 months

Artis:

  • 2 Designers: 2500$/3 months

Marketing Personnel:

  • 1 Project Manager 3500$/ 3 months
  • 1 Advisor 1000$/ 3 months
  • 1 Lead Marketing: 2500$/ 3 months
  • 2 Digital Marketing: $2400/ 3 months
  • 4 Customer Care: $2200 / 3 months
  • 2 Content Creator: $2400/ 3 months

Budget for Marketing and Communication:

  • Organize Advertising Campaigns: 15000$/3 months
  • Events for users: $9000/3 months
  • Building community with real-life activities: $6000/ 3 months

Total: $50000

The cost of programming and design has been optimized by us, in our original development team, there are experienced human resources in programming and design, so it will reduce a part of the cost. The above budget statistics is the cost to complete a quarter in the Roadmap (specifically, Q4/2022) not the entire project. Our development team has completed the targets in Q3/2022 of the project and will start implementing the work in Q4/2022, right after the project is funded.

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

Here is our development team:

Mr.Teddy – CEO

<https://www.linkedin.com/in/williamteddy/>

5 years in crypto investing and collecting NFT

Mr.Robinson – CMO

<https://www.linkedin.com/in/luongson3999/>

5 years in the field of communication and content creation

Mr.TianRen - Artis

<https://www.linkedin.com/in/nhan-daothien-1b2a6a186/>

4 years in the field of design for NFT. projects

Mr. Peter – CTO

<https://www.linkedin.com/in/huuhoa143>

5 years of experience as a Blockchain Developer, specializing in Smart Contract programming.

Mrs. Du Oanh – Advisor

<https://www.linkedin.com/in/du-oanh-a47260220/>

5 years in the field of consulting for Blockchain projects.

I'm Teddy, the project's CEO. We are a group with passion for Blockchain and Start-ups, we connected to start the Adachems project. We previously worked on a Gamefi project together on the Binance Smart Chain network. Our CTO Mr.Peter, he has experience in Smart Contract programming. Previously, he also participated in the construction of the "Staking NFT" project on the Binance Smart Chain ( <https://nftpad.finance/ > ) and is currently working at Sotatek technology company: https://www.linkedin.com/in/huuhoa143

And I am the CEO of the project, have been involved in investing in cryptocurrency and blockchain for 5 years. Thanks to that, I can understand the wishes of the users and put myself in their shoes to come up with solutions that benefit the community. We have enough capacity to carry out the project, and will recruit more personnel to develop the project on schedule.

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

Of course, we will return to Catalyst, as we have a lot of ideas to help grow the Cardano community.

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

With the progress management so that the project can be operated on time according to the timelines set out in the roadmap and give the best results, we will measure it with the following measures and plans:

  • Manage and measure work progress using Github. Jira

  • Weekly project progress KPI report

  • Announce the results that the project has achieved on the media channels

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

With a vision and mission to create a valuable NFT world, Our success will be:

  • After the project launched and completed the works of Q4/2022, NFT Adachems was well received and loved by the community for us, even higher is the image of a dog. Adachems will become a phenomenon in the global NFT world. Users and artists involved in the project also have a better life with income from Staking NFT or from participating in the Metaverse Art Exhibition. And thus help attract new users to the Cardano ecosystem

<u>Project KPIs:</u>

  • Complete all the titles that we have placed in the vision and mission of the project (said in the description solution)

  • Community members and people interested in the project reach 30,000 members after Q4 / 2022

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

Our project is completely new. With the desire to optimize the application of NFT and build an economy of Adacheems. We expect the community to support and accept us. Thanks and gratitude to all.

Sustainable Development Goals (SDG) Rating

Once there is a community of users and people interested in the project, we will focus on Metaverse Art Exhibition to build that as the main activity of the project. Helping artists and users connect with each other more, thereby forming the value that the project brings to the community.

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