not approved

Ambassador Campus Meetup Tours

₳72,525.00 Requested
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Community Review Results (1 reviewers)
Impact / Alignment
Feasibility
Value for money
Solution

Organize campus meetups as a Cardano Ambassador to educate and empower 300 tertiary students in Ghana about the Cardano Blockchain, its benefits and how they can participate.

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Problem:

Education is key to adoption and use of a product or service. How can we educate and empower students in Ghanaian campuses about the Cardano Ecosystem and its benefits?

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Yes Votes:
₳ 7,834,088
No Votes:
₳ 53,383,192
Votes Cast:
172

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[IMPACT] Please describe your proposed solution.

How you perceive the problem you are solving?

The problem we are addressing in our project is to be able to radically penetrate into Ghanaian institutions of higher learning to educate and empower these brilliant students about the benefits of Cardano blockchain and show them the meaningful ways in which they can participate. We understand that many students in Africa are unfamiliar with the potential advantages that Cardano community events can offer, such as educational resources, networking opportunities, and exposure to innovative blockchain projects like project catalyst among others. This limited awareness hinders their ability to leverage the power of Cardano for their personal and professional growth.

Your reasons for approaching it in the way that you have?

My team and I have chosen to approach this problem by organizing Cardano community events specifically tailored for Ghanaian students. These events will provide a platform for students to learn about the benefits of Cardano blockchain, interact with experts in the field, and explore potential applications in various industries. By fostering a community-driven environment, we aim to empower African students to harness the opportunities offered by Cardano and contribute to its growth and adoption in the region.

Who will your project engage?

Our project will engage African students, educational institutions, blockchain enthusiasts, industry professionals, and Cardano community members. By bringing together this diverse group of stakeholders, we create a space where students can connect with experts, learn from their experiences, and build valuable relationships. Educational institutions can benefit from the knowledge-sharing and potential collaborations, while blockchain enthusiasts and industry professionals can contribute their expertise and mentorship to support the growth of African students within the Cardano ecosystem.This we thing is a big win for Cardano in Africa.

How you will demonstrate or prove your impact?

To demonstrate the impact of our project, we will measure key indicators such as increased participation in Cardano community events, enhanced knowledge and understanding of Cardano blockchain among African students, number of students being able to create native Cardano wallets, participation in the various project catalyst roles, successful collaborations and projects resulting from the events, and the growth of the Cardano community in Africa. We will collect feedback from participants, track their continued engagement, and showcase success stories and projects that have emerged as a direct result of the community events.

Explain what is unique about your solution, who will benefit, and why this is important to Cardano

What makes our solution unique is the focus on organizing Cardano community events specifically for Ghanaian students. These events provide a tailored platform for students to explore the potential benefits of Cardano blockchain and engage with the broader Cardano community. African students will benefit from increased awareness and access to educational resources, networking opportunities, and mentorship from industry professionals. By organizing community events in Ghana as an Ambassador, Cardano demonstrates its commitment to empowering and supporting the next generation of blockchain enthusiasts, fostering a vibrant ecosystem and driving adoption in the region. These events also contribute to the diversity and inclusivity of the global Cardano community, bringing fresh perspectives and innovative ideas to the forefront.

[IMPACT] How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

Increased Community Growth:

My goal as a Cardano Ambassador with respect to this project is to be able to reach out to educate and empower about 300 young students in Ghana about the Cardano ecosystem and the meaningful ways they can participate. The project will attract a significant number of Ghanaian students to the Cardano community, bringing new perspectives, ideas, and talent to the ecosystem. This increased participation will expand the user base and foster a more diverse and inclusive community since Cardano is a community-driven ecosystem that focuses much on the people for its direction into the future.

Knowledge and Awareness:

By organizing targeted events, the project will enhance knowledge and awareness of Cardano blockchain among African students. It will educate them about the benefits, potential applications, and opportunities for personal and professional growth within the Cardano ecosystem. This knowledge dissemination will contribute to a more informed and engaged community.

Collaboration and Networking:

The community events will provide a platform for young Ghanaian students to connect with industry professionals, blockchain enthusiasts, and Cardano ecosystem stakeholders. This networking opportunity will facilitate collaborations, mentorship, and the exchange of ideas, driving innovation and fostering partnerships within the Cardano ecosystem.

Adoption and Usage:

Through education and engagement, the project aims to increase the adoption of Cardano blockchain solutions among African students. While it is challenging to quantify the exact number of users or transactions that will result from the project within a specific timeframe, the goal is to achieve a significant increase in usage and transactions related to Cardano applications in Ghana. This growth will contribute to the overall usage and transaction volume of the Cardano ecosystem.

Solving Key Problems:

The project addresses the problem of limited awareness and access to blockchain technology among Ghanaian students. By providing educational resources, networking opportunities, and exposure to real-world use cases, it empowers students to leverage on the Cardano blockchain for their personal and professional advancement. This solves the crucial issue of bridging the knowledge gap and equips African students with valuable skills and opportunities.

Other Benefits:

-Number of participants who are empowered to become proposers of brilliant ideas to project catalyst.

-Number of native wallets created by participants to increase transaction volumes overtime from Africa

-Number of participants who will become active cardano community members taking up the various roles in Catalyst such as Reviewers, moderators, voters etc.

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[IMPACT] How do you intend to measure the success of your project?

Organizing Cardano community events for Ghanaian students will bring several tangible benefits to the Cardano ecosystem. While some metrics may be challenging to measure precisely such as how many developers will be able to build Dapps in the short run etc, it is realistic to evaluate the impact based on a combination of quantitative and qualitative indicators.

Community Engagement:

Measure the increase in the number of Ghanaian students actively participating in the Cardano community events, such as event attendance, workshop participation, and active contributions to discussions. Qualitatively, gather feedback from participants regarding their level of engagement, satisfaction, and interest in the Cardano blockchain.

Network Expansion:

Quantify the growth of the Cardano community network in Ghana by tracking the number of new connections made between students, industry professionals, and Cardano ecosystem stakeholders during the events. Qualitatively assess the quality and depth of these connections and potential collaborations emerging from the events.

Adoption and Usage:

Measure the adoption of Cardano blockchain solutions among African students by monitoring the number of active users of Cardano-based applications such as wallets and how to perform basic transaction operations on the blockchain using the native cardano wallets. Collect qualitative feedback from users about their experience, satisfaction, and perceived benefits.

Awareness and Education:

Assess the increase in knowledge and awareness of Cardano blockchain among African students by conducting pre- and post-event surveys or quizzes to gauge their understanding of Cardano's key features and potential use cases. Qualitatively capture participants' opinions on the educational value and relevance of the information provided during the events.

Sentiment and Perception:

Measure the sentiment and perception of the Cardano ecosystem among African students by conducting surveys or interviews to gather qualitative feedback on their overall impression, trust, and likelihood of continued engagement with the Cardano blockchain. Assess the level of confidence and excitement expressed by participants about the potential of Cardano's technology.

In the short term, the project's benefits will be reflected in increased community engagement, expanded networks, and heightened awareness among students. This will lead to a surge in interest and participation in Cardano and project catalysyt, potentially attracting new developers, entrepreneurs, and investors to the ecosystem. These positive outcomes will contribute to the productivity and growth of Cardano by strengthening the community and fostering an environment of innovation and collaboration.

In the long term, the project's impact will manifest through sustained adoption and usage of Cardano-based solutions by African students and the broader African population. As more students leverage Cardano for their educational and financial needs, it will generate a network effect, attracting additional users, developers, and stakeholders to the ecosystem. This growth will boost Cardano's productivity, expand its influence, and drive its long-term sustainability and success in Africa and the world at large.

[IMPACT] Please describe your plans to share the outputs and results of your project?

Our plans to share the outputs and results of the project include a comprehensive dissemination strategy aimed at reaching a wide range of stakeholders interested in the intersection of Cardano, blockchain technology, and the educational needs of Ghanaian students.

The key elements of our dissemination plan are as follows:

Project Documentation:

We will create a detailed project report that captures the objectives, findings, and outcomes of the project. This report will serve as a comprehensive resource, providing a holistic view of the project's outputs.

Presentation on our Achievement to the Cardano Community:

We will organize presentations to share the project's results with various audiences. Through interactive sessions, we will showcase the project's achievements, share insights, and engage participants in discussions surrounding the project's impact and future opportunities.

Online Platforms and social media:

We will utilize online platforms, including our project website, social media channels, and relevant Cardano online communities, to share updates, project milestones and success stories. These channels will help disseminate the project's outputs, impact, and opportunities to a wider audience, fostering engagement, awareness, and potential collaborations.

Collaboration and Networking:

We will actively seek partnerships and collaborations with organizations, educational institutions, and blockchain industry players to share the project's outputs and explore potential synergies. By engaging with like-minded entities, we can amplify the reach and impact of the project and create opportunities for further development and implementation.

Open Access and Knowledge Sharing:

Wherever possible, we will aim to make project outputs, including reports, publications, and resources, openly accessible to maximize their reach and impact. Open access repositories and platforms will be utilized to ensure that interested individuals and organizations can easily access and benefit from the knowledge generated by the project from our local website and other relevant online platforms deem appropriate by the Cardano community.

By adopting this multi-faceted approach to dissemination, we aim to effectively share the outputs and results of our project with diverse stakeholders. Through a combination of documentation, presentations, online platforms, collaborations, and participation in conferences, we will ensure that the knowledge, impact, and opportunities arising from the project are accessible to those interested in leveraging Cardano and blockchain technology to address the educational needs of Ghanaian students.

[CAPABILITY/ FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability?

As a Cardano ambassador, I am committed to delivering the project with high levels of trust and accountability. As an active ambassador, I possess a fair understanding of Cardano's technology, principles, and ecosystem.

This expertise enables me to contribute valuable insights and guidance to the project.

My knowledge of Cardano's capabilities and goals ensures that the project aligns with the vision and values of the Cardano community, fostering trust and accountability.

In my ambassadorial role I have held series of major Cardano meetups from the month of February 2023 until now. Click on the links to view excerpts of my events.

  1. Cardano Campus meetup Edition 1
  2. Cardano Campus meetup Edition 2
  3. Cardano Campus meetup Edition 3
  4. Cardano Campus meetup Edition 4
  • I was privileged to host the CIP-1694 workshop in my community. Click here

  • I also hosted the biggest 2022 Cardano Summit community Led event in Tamale, Ghana. Click here

  • I am co-hosting the 2023 Cardano Summit Community Led event in Kumasi come November.

  • I am a content creator and have created simplified content on YouTube to teach beginners about the Cardano blockchain and the opportunities available. click here

  • I am the creator and owner of the YouTube channel name "Cardano Africa

  • Academy".

  • I am the CEO of a small IT organization known as Center for Technology Education and Innovation Lab-Cteil. Click here

  • I have organized over 10 Cardano major events in Ghana educating close to 1000 youth on the potentials of Cardano blockchain through the help of Wada. Click here

    [CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?

The main goals for our project are as follows:

Goal 1: Increase Participation:

The first goal is to increase participation in Cardano community events among Ghanaian students by reaching out to 300 students in this our proposed project. We aim to attract a diverse audience to our meetup events, encouraging active involvement and engagement in the Cardano ecosystem.

Validation Approach: We will measure the number of attendees at each event and track the overall participation rate. By comparing the actual attendance with our target numbers, we can assess the feasibility of our approach in attracting students and achieving our participation goal.

Goal 2: Conduct Meetup Events: The second goal is to hold a series of informative and interactive meetups for Ghanaian students. These workshops will cover various aspects of blockchain technology, project catalyst, Cardano's features, and potential use cases, equipping students with valuable knowledge and skills and access to participation as proposers, reviewers etc.

Validation Approach: We will track the number of meetups held as per our planned schedule (4 major meetups). By ensuring that we successfully organize the intended number of meetups, we can validate the feasibility of our approach in delivering the educational content to the target audience.

Goal 3: Foster Active Student Engagement: The third goal is to foster active engagement among Ghanaian students in the Cardano ecosystem beyond the workshops. We aim to encourage students to actively participate in discussions, join relevant communities, and explore opportunities to contribute to the development and growth of Cardano most especially taking advantage of the opportunities project catalyst is presenting to the entire community

Validation Approach: We will measure the number of students who actively engage with the Cardano ecosystem after attending our workshops. This can include metrics such as the number of students joining Cardano-related online forums, contributing to open-source projects, or participating in community initiatives. By tracking active student engagement, we can evaluate the feasibility and effectiveness of our approach in fostering continued involvement.

By setting these three simple goals in terms of participation, number of workshops held, and active student engagement, we can validate the feasibility of our approach in achieving the desired outcomes. The measurement and assessment of these goals will provide tangible evidence of the project's feasibility and help guide us in refining our approach to maximize impact.

[CAPABILITY/ FEASIBILITY] Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

<u>MILESTONE 1</u>

<u>OUTLINE FOR NOVEMBER 2023</u>

Proposed institution: College of Nursing and Midwifery, Nalerigu

Estimated Number of Attendees: 100

Date of Event: Third or Fourth Saturday in November

(FIRST EVENT PREPARATION AND KICK OFF)

· Contact institutional leadership/management to discuss our intended conference.

· Preparation of promotional materials (flyers, banners, T-shirts printing and other conference materials)

· Publicity (circulate event details to participants through social media)

· Setup google forms and meetup links to invite and pre-register intended participants.

· Booking suitable venues for meetup event

· Reminder calls to participants before day of meetup

· Holding the conference on the third or fourth Saturday of November

ESTIMATED COST: 17875 ADA

<u>MILESTONE 2</u>

<u>OUTLINE FOR DECEMBER 2023</u>

Proposed institution: Tamale Institute of Journalism, Ghana

Estimated Number of Attendees: 50

Date of Event: Third or Fourth Saturday in December

(SECOND EVENT PREPARATION AND KICK OFF)

· Contact institutional leadership/management to discuss our intended conference.

· Preparation of promotional materials (flyers, banners, T-shirts printing and other conference materials)

· Publicity (circulate event details to participants through social media)

· Setup google forms and meetup links to invite and pre-register intended participants.

· Booking suitable venues for meetup event

· Booking accommodation for ambassador and team etc

· Reminder calls to participants before day of meetup

· Holding the conference on the third or fourth Saturday of December

ESTIMATED COST: 15475 ADA

<u>MILESTONE 3</u>

<u>OUTLINE FOR JANUARY 2024</u>

Proposed institution: C. K. Tedam University of Technology and Applied Science (CKT-UTAS)

Estimated Number of Attendees: 100

Date of Event: Third or Fourth Saturday in January

(THIRD EVENT PREPARATION AND KICK OFF)

· Contact institutional leadership/management to discuss our intended conference.

· Preparation of promotional materials (flyers, banners, T-shirts printing and other conference materials)

· Publicity (circulate event details to participants through social media)

· Setup google forms and meetup links to invite and pre-register intended participants.

· Booking suitable venues for meetup event

· Booking accommodation for ambassador and team etc

· Reminder calls to participants before day of meetup

· Holding the conference on the third or fourth Saturday of Janaury

ESTIMATED COST: 21925 ADA

<u>MILESTONE 4</u>

<u>OUTLINE FOR FEBRUARY 2024</u>

Proposed institution: Kwame Nkrumah University of Science and Technology

Estimated Number of Attendees: 50

Date of Event: Third Saturday in February

(FINAL EVENT PREPARATION AND KICK OFF)

· Contact institutional leadership/management to discuss our intended conference.

· Preparation of promotional materials (flyers, banners, T-shirts printing and other conference materials)

· Publicity (circulate event details to participants through social media)

· Setup google forms and meetup links to invite and pre-register intended participants.

· Booking suitable venues for meetup event

· Booking accommodation for ambassador and team etc

· Reminder calls to participants before day of meetup

· Holding the conference on the third Saturday of February

ESTIMATED COST: 17250 ADA

[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.

Enhanced Knowledge and Insights:

The 300 Participants will gain a deeper understanding of Cardano and its underlying technology and also be exposed to project catalyst opportunities as well. They will learn about its features, potential use cases, and the latest developments in the Cardano ecosystem. This increased knowledge can empower participants to make informed decisions and explore opportunities within the Cardano community.

Networking Opportunities:

Conferences provide an ideal platform for participants to connect and network with like-minded individuals, including industry experts, developers, entrepreneurs, and enthusiasts. By interacting with others in the Cardano community, participants can build valuable relationships, exchange ideas, and potentially collaborate on future projects.

Access to Expertise and Resources:

Participants who will attend our conference will be exposed to a wealth of expertise and resources available on the Cardano blockchain. They can engage with industry leaders, speakers, and panelists who are knowledgeable in various aspects of Cardano from the cardano community. Also, participants interested in building applications (dapps) can have access to the vast cardano tools and resources to get them started etc. Participants can leverage this access to seek guidance, ask questions, and gain insights from experienced professionals, thereby expanding their knowledge base and broadening their perspectives.

Inspiration and Motivation:

Conferences often feature keynote speeches, success stories, and case studies that inspire and motivate participants. By listening to industry leaders and pioneers in the Cardano space, participants can gain a sense of purpose and direction. This inspiration can fuel their passion for Cardano and encourage them to explore new possibilities, contribute to the community, and drive innovation within the ecosystem.

[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.

PROJECT FUNDING INFORMATION

Proposed Budget Request (72,525 ADA)

BUDGET BREAKDOWN

COLLEGE OF NURSING & MIDWIFERY, NALERIGU – GHANA – Maiden Event

· Conference space rental – 350 ADA

· Snack and Water for 100 participants - 35 ADA *100 = 3500 ADA

· Lunch for participants and team – 35 ADA *100 = 3500 ADA

· T-shirts printing for participants – 52 ADA *100 = 5200 ADA

· Publicity – 300 ADA

· ADA Airdrop for participants through quizzing = 500 ADA

· Event capture (Photos and videos) = 1025 ADA

Team’s incentives

· Ambassador - 1200 ADA

· Event Organizers = 1000 ADA

· IT and multimedia = 1000 ADA

  • Contingency fund = 300 ADA

Total ==== 17875 ADA

TAMALE INSTITUTE OF JOURNALISM, GHANA – Second Event

· Conference space & PA system – 1000 ADA

· Accommodation for ambassador and team – 1000 ADA

· Snack and Water for 50 participants - 35 ADA *50 = 1750 ADA

· Lunch for participants and team – 52 ADA *50 = 2600 ADA

· T shirts printing for participants and Team – 52 ADA *50 = 2600 ADA

· Transportation for logistics = 500 ADA

· Publicity = 700 ADA

· ADA Airdrop for participants through quizzing = 500 ADA

· Event capture (Photos and videos) = 1025 ADA

Team’s incentives

· Ambassador - 1300 ADA

· Event Organizers = 1200 ADA

· IT and multimedia = 1000 ADA

  • Contingency fund = 300 ADA

Total ==== 15475 ADA

C. K. Tedam University of Technology and Applied Science (CKT-UTAS), third Event

· Conference space & PA system – 1200 ADA

· Accommodation for ambassador and team – 1500 ADA

· Snack and Water for 100 participants - 35 ADA *100 = 3500 ADA

· Lunch for participants – 52 ADA *100 = 5200 ADA

· T shirts printing for participants and Team – 52 ADA *100 = 5200 ADA

· Transportation for logistics = 500 ADA

· Publicity = 700 ADA

· ADA Airdrop for participants through quizzing = 500 ADA

· Event capture (Photos and videos) = 1025 ADA

Team’s incentives

· Ambassador - 1300 ADA

· Event Organizers = 1200 ADA

· IT and multimedia = 1000 ADA

  • Contingency fund = 300 ADA

TOTAL === 21925 ADA

Kwame Nkrumah University of Science and Technology, Ghana, Fourth Event

· Conference space & PA system – 1500 ADA

· Accommodation for ambassador and team – 1300 ADA

· Snack and Water for 50 participants - 35 ADA *50 = 1750 ADA

· Lunch for participants – 52 ADA *50 = 2600 ADA

· T shirts printing for participants and Team – 52 ADA *50 = 2600 ADA

· Transportation for logistics = 500 ADA

· Publicity = 800 ADA

· ADA Airdrop for participants through quizzing = 500 ADA

· Event capture (Photos and videos) = 1200 ADA

Team’s incentives

· Ambassador - 1400 ADA

· Event Organizers = 1400 ADA

· IT and multimedia = 1400 ADA

· Contingency fund = 300 ADA

TOTAL === 17250 ADA

OVERALL BUDGET TOTAL ==== 17875 + 15475 + 21925+17250= 72, 525 ADA

[RESOURCES & VALUE FOR MONEY] Who is in the project team and what are their roles?

Jeremiah Baani is the team Lead of the project and a Cardano Ambassador in Ghana. I have held over 10 cardano major conferences in Ghana and have exposed over 1000 students to the cardano Blockchain and its opportunities across Ghana over the past two years.

I have trained close to over 30 active proposal assessors and VPAs from previous catalyst funding rounds. I have won a couple of grants in other ecosystems to promote Blockchain education in Ghana among young Africans.

I am an IT professional and educator, Lecturer and also the CEO of a small IT Organization, Center for Technology Education and Innovation Lab-Cteil.

I hosted the Cardano summit 2022 community led event in Tamale and will be Co-hosting the Cardano summit 2023 in Kumasi this November.

Jeremiah Baani is also the Northern Ghana Hub lead for Wada. Click here

Robert Kampi Laari is a Blockchain Enthusiasts, Author, Public Speaker and Event Organizer who has successfully organized more than 50 conferences bringing together young people to inspire and educate them in Ghana. He is also the projects manager and organizer at Center for technology education and Innovation Lab. He has been a PA and VPA in previous catalyst funding rounds.

LinkedIn: click here

Facebook: https://www.facebook.com/laarikampirober77?mibextid=ZbWKwL

Benjamin Baani

A cardano community event enthusiast and was a speaker at the 2022 Cardano Summit in Tamale, Ghana. PA and vPA in project catalyst for a while now. CT member. And Lead for Startups & Onboarding Challenge Team. A member of WADA.

Twitter: click here

Eric Awareweni A. is an active and enthusiatic cardano member since fund 6. He has participated as PA and VPA in the previous funding rounds and a proposer as well. He is the Head of Department of ICT at a nursing College in northern Ghana. He is a lover of technology that adds value to life. Eric serves as a resource person and offers expert advise at Cteil.

Email: [email protected]

Link to some team members from Cteil Website : Click here

[RESOURCES & VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

To assess whether this budget represents value for money for the four major events my team and I seeks to organize in Ghana, we need to consider the expenses and their corresponding benefits.

Conference space & PA system - 4050 ADA: This expense is necessary to provide suitable venues and audio system for the event. It ensures that participants can effectively engage with the content and speakers.

Accommodation for ambassador and team - 3800 ADA: Providing accommodation for the ambassador and team ensures their presence and availability throughout the events, allowing for smooth coordination and organization.

Snacks and Lunch for 300 participants - 27000 ADA: Providing refreshments for the participants ensures their comfort and satisfaction during the event, promoting engagement and focus. Offering lunch to the participants is important to sustain their energy and create a conducive environment for networking and collaboration.

T-shirt printing for participants and team - 52 ADA * 300 = 15, 600 ADA: Providing T-shirts adds to the sense of belonging and identity among the participants, creating a unified atmosphere during the event.

Transportation for logistics - 1500 ADA: This expense covers the logistical needs related to transportation, ensuring smooth operations and timely delivery of event materials.

Publicity - 2500 ADA:

Publicity expenses help raise awareness about the event, attract more participants, and increase its overall impact and reach.

ADA Airdrop for participants through quizzing - 2000 ADA:

This expense incentivizes participant engagement by rewarding them with ADA tokens, fostering active participation and interest in the event.

Event capture (Photos and videos) - 4275 ADA:

Documenting the event through photos and videos preserves its memory, supports post-event marketing, and provides valuable content for future promotions.

Team's incentives of 14400 ADA:

· Ambassador: Recognizing the ambassador's efforts with an incentive encourages their dedication and motivates them to fulfill their responsibilities effectively.

· Event Organizers -Providing incentives to the event organizers acknowledges their hard work and ensures their continued commitment to organizing successful events.

· IT and multimedia - Recognizing the contributions of the IT and multimedia team incentivizes their expertise and ensures the event runs smoothly from a technical perspective.

Contingency fund - 1200 ADA:

The contingency fund serves as a buffer for any unforeseen expenses or emergencies that may arise during the events.

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