not approved

Automated Rewards mechanisms for projects on Cardano

₳180,000.00 Requested
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Community Review Results (1 reviewers)
Feasibility
Value for money
Impact / Alignment
Solution

Create a feature rich solution to provide Cardano projects and other businesses which facilitates them being able to reward event attendees/community members in a multitude of ways.

Problem:

Ticketing solution have a limited scope to their usefulness, limited to check-ins. There are very few options for event organizers or services to offer additional value with their current options

Yes Votes:
₳ 21,143,372
No Votes:
₳ 157,239,670
Votes Cast:
312

[IMPACT] Please describe your proposed solution.

Our proposed feature set for rewards mechanisms will include action based and automated triggering of token metadata updates and rewards distribution.

This will form a complete or bespoke package we can offer projects, businesses and more, to create an immersive and rewarding experience to token holders/members/attendees

This can be many things, but often revolve around token metadata updates for various actions or triggers

We will build out 3 main features for this feature set:

  • automated token metadata updates
  • action based rewards mechanisms
  • randomised rewards mechanisms

We will make automated and withdrawal based rewards distributions to offer for different use cases

Example use cases include scavenger hunts & raffles

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

We are building a tool to offer further use case to any project or team on Cardano. It will be able to integrate into their products or services easily, allowing them to seamlessly distribute rewards in the form of project tokens, memberships and more.

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

The number of projects using our solution to reward community members for their own purposes such as calls, community events, meet ups and more

KPIs

  • Number of projects using our solution

  • Number of events using our solution

  • Number of successfully distributed rewards

  • Number of wallets sent rewards

  • Number of successful utilizations of the three targeted features

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

We will share examples and demos of specific features and mechanisms within the solution, such as:

  • Minting and token updating

  • Distribution mechanisms

  • Reports of tests and trials conducted with projects (with feedback)

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

Our team has already built the alpha version of the NftPass app, from blockchain integration to ui development, we have experience in mobile development, blockchain tools and backend development.

Rhys is also a smart contract developer with experience in Plutus / Plutarch, Lucid, CTL and the deployment of contracts in dapps and tools. He has been a contributer to many cardano projects including ADAO, Minswap, FreeLoaderz, CNCAla, and many more. He has been an SPO for going on 3 years and is a full stack developer, as well as a successful fitness business owner and personal trainer

Quintin has worked for more than 6 years as a Nurse, having received his BScN. This requires good leadership skills as well as time management and people skills in order to make sure his unit and all the patients receive quality care.

Co-Founder of SoundRig which is one of Cardano's premiere music platforms having successfully implemented the only NFT Media player on chain with encryption/decryption capabilities.

Project lead for two on-chain charity events: Cardano for Ukraine & Music for Mental Health. Which were virtual concerts with performances by many musicians from the Cardano community that successfully raised funds for Ukrainian refugees in Poland as well as research into mental health treatments.

Theo studied International Hospitality Management & International Business Management. Successful entrepreneur having founded and is the Managing Director of 2 Internationally multi-awarded hospitality companies with presence in Greece and Zambia. As well as having owned and ran multiple high-end bars an clubs.

Passion for Graphic design and animations for more than 5 years having worked with Cnftaudio, The Listening Room and SoundRig.

Electronic Music Production and DJing for more than 15 years . Cardano musicians community manager, with strong connections the Listening Room and SoundRig having released Songs with both groups.

Founder of PoEM (Proof of Entertain Magazine), the only interactive magazine NFT on Cardano!

Quasar has been an avid community member for as long as Catalyst has existed, he is present at every townhall, catalyst meeting and community space offering suggestions, team development, assistance with projects and more, including completing his own proposals and helping others with theirs.

Paul is a full stack developer and has been working in the space for many years. He has been involved with a lot of projects and has been the go-to developer for Quintin and Theo.

With a strong team of experienced and successful individuals, our combined experience and skills will help us with everything from development to testing and expanding the business outside of crypto

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

We already have confirmed tests with projects at some of cardanos biggest events such as RareEvo,

We aim to run more tests at all of the other major events this year, with a larger scale deployment next year.

We plan to test our automated rewards mechanisms at all of these events at different levels, so the greater cardano community can see the results of the work we are doing and how it can benefit both projects and community members.

[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.

The main project milestones are as follows:

Milestone 1 - 1 Month

  • Token metadata structure for gamification and NFT updates
  • Report on update mechanisms, contract structures and processes

Milestone 2 - 1 Month

  • Action based token update triggers
  • Documentation on action based triggers and integration

Milestone 3 - 1 Month

  • Check-in based gamification features & real world tests
  • Documentation for check-in based features

Milestone 4 - 1 Month

  • Ticket raffles and randomised rewards & real world tests
  • Documentation on Ticket raffles and randomised rewards

Milestone 5 - 1 Month

  • Action based & automated rewards distribution & real world tests

Milestone 6 - 1 Month

  • Report on real-world tests for all mechanisms

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

M1: Minting contracts & update mechanisms with datum structure for gamification

  • Update metadata to reflect NFT usage (Eg. Check-in)

M2: Build action based triggers mechanism

  • Action triggers for application/user
  • Create validation mechanism

M3: Check-in / verification process with updating mechanism & automation~

  • Verification process
  • Automated token update

M4: Build out raffle mechanism and automated metadata updates

  • Randomized wallet selection based off scanned wallet addresses
  • Automated rewards distribution
  • Automated token updated

M5: Build action based updating mechanism

  • Update token data based on action trigger(s)

M6: Real-world test data

  • RareEvo, XLV, Cardano Summit

  • Publish test data

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

<u>Project Management (120hrs - $7200)</u>

  • Organizing Real World Tests (60hrs)
  • Partnership formation for Native events
  • Managing deals between projects
  • Planning and Coordinating Tasks (60hrs)
  • Personalizing approach for all partners
  • Ensuring new features are tested at each event
  • Facilitate Post-Mortem of tests & Finding Solutions

<u>Front End (120hrs - $7200)</u>

  • Dashboard Construction
  • Project/Event Registration
  • Project/Event administration dashboard
  • Project end menu for defining triggers
  • Rewards distribution page
  • User login page

<u>Back End (240hrs - $19200)</u>

  • Define and Construct token metadata structure for gamification (60hrs)
  • Create action-based token update system (60hrs)
  • Attendee Rewards Mechanism (120hrs)
  • Project end interface
  • Rewards wallet
  • Rewards parameters interface
  • Randomize rewards
  • Automatic sending of rewards

<u>DESIGN (120hrs - $7200)</u>

  • Infographic/Video (70hrs)
  • Explainer videos
  • Explainer graphics
  • Social media marketing kit
  • Reporting graphics
  • UI design for application (20hrs)
  • UI design for dashboard (30hrs)

<u>Event Coordination: 60 Hours ($4800)</u>

  • Map and design specs
  • Build event/project specific implementations
  • Adjustments to features to align with specific use cases for tests

<u>Contingency - 10% ($4560)</u>

Total: $50,160 ~180K ADA

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

Rhys: Developer

Paul: Developer

Quintin: Sales & Project Management

Theo: Design, Animations & Marketing

Quazar: Marketing & Sales

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

building this solution will be relatively complex, handling verification and tracking changes. By us building and open-sourcing the main functionalities it will enable other projects to implement the tools in their own projects, without the dev costs and time needed to build it from scratch. This will contribute to a more feature-rich ecosystem with a better UX for the average holder and more interesting projects developing in the space.

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