Please describe your proposed solution

Our proposed solution is to create a unique and limited-edition souvenir for Cardano Summit 2025 attendees: commemorative shower towels featuring the Cardano logo and the event's official name.

These towels will serve as a tangible memento of the summit, fostering a sense of community and belonging among attendees. They will also promote the Cardano brand and increase its visibility within the broader cryptocurrency ecosystem.

What sets our solution apart is its focus on creating a high-quality, collectible item that appeals to both Cardano enthusiasts and casual observers. By combining the practicality of a shower towel with the unique branding of the Cardano Summit, we aim to create a product that is both functional and desirable.

The primary beneficiaries of our project will be the Cardano Summit attendees, who will receive a valuable and memorable souvenir. Additionally, the project will benefit the Cardano community as a whole by promoting the brand and fostering a sense of unity.

This project is important to Cardano because it helps to strengthen the community and enhance the overall experience of attending the summit. By providing a tangible reminder of the event, we can encourage attendees to continue their involvement with the Cardano ecosystem and become ambassadors for the platform.

Please define the positive impact your project will have on the wider Cardano community

Positive Impact on the Wider Cardano Community:

• Strengthened Community: The shower towels will foster a sense of belonging and unity among Cardano Summit attendees, strengthening the overall community.
• Enhanced Brand Visibility: By featuring the Cardano logo and summit details, the towels will increase the visibility of the Cardano brand and the platform as a whole.
• Increased Engagement: The towels can serve as conversation starters and encourage attendees to share their experiences with others, leading to increased engagement and word-of-mouth promotion.
• Support for Future Events: The sale of the towels can generate revenue to support future Cardano events and initiatives, contributing to the long-term growth and development of the ecosystem.

Measuring Impact:

• Sales and Distribution: We will track the number of towels sold and the distribution channels used to assess the popularity and reach of the project.
• Social Media Engagement: We will monitor social media activity related to the shower towels to gauge the level of excitement and engagement within the community.
• Feedback and Surveys: We will collect feedback from attendees and community members to understand their satisfaction with the towels and their overall experience.

Sharing Outputs and Opportunities:

• Community Updates: We will share updates on the project's progress, including sales figures, feedback, and any additional initiatives related to the shower towels.
• Case Study: We will develop a case study documenting the project's success, including the design process, production, distribution, and impact on the community.
• Open-Source Collaboration: As mentioned previously, we will consider licensing the design under an open-source license to encourage community contributions and further development.

By tracking these metrics and sharing our findings, we can demonstrate the positive impact of our project on the wider Cardano community and inspire others to participate in similar initiatives.

What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

Our team has a proven track record in product design, production, and distribution. We have experience working with various materials and manufacturing processes, ensuring that the shower towels are of the highest quality.

To validate the feasibility of our approach, we will conduct the following steps:

1. Market Research: We will research the demand for Cardano-branded merchandise and the potential market for commemorative items.
2. Supplier Evaluation: We will identify and evaluate potential suppliers based on their capabilities, pricing, and reliability.
3. Prototype Development: We will create prototypes of the shower towels to ensure that the design and materials meet our quality standards.
4. Cost Analysis: We will conduct a detailed cost analysis to determine the feasibility of producing and distributing the towels within the allocated budget.

Trust and Accountability:

We are committed to delivering our project with the highest levels of trust and accountability. Here's how we intend to demonstrate our capabilities:

• Transparent Communication: We will maintain open and transparent communication with the Cardano Foundation and the community throughout the project, providing regular updates on progress and addressing any concerns.
• Financial Accountability: We will adhere to strict financial guidelines and provide regular reports on the use of funds. All financial transactions will be documented and audited.
• Quality Assurance: We will implement quality control measures to ensure that the shower towels meet our high standards and are produced to the highest specifications.
• Community Involvement: We will actively engage with the Cardano community, seeking feedback and input throughout the project. This will help us ensure that the final product aligns with the community's expectations.

By following these steps and demonstrating our capabilities, we believe that we can deliver a successful project that benefits the Cardano community and promotes the brand.

What are the key milestones you need to achieve in order to complete your project successfully?

Milestone 1: Design Finalization and Supplier Selection (Month 1)

• Finalize the design of the shower towels, incorporating the Cardano logo, summit details, and any additional elements.
• Select reliable suppliers for materials, manufacturing, and printing.

Milestone 2: Prototype Development and Testing (Month 2)

• Create prototypes of the shower towels to ensure that the design and materials meet quality standards.
• Conduct testing to assess the durability, comfort, and overall appeal of the prototypes.

Milestone 3: Production and Quality Control (Month 2)

• Initiate production of the shower towels in accordance with the finalized design and quality standards.
• Implement rigorous quality control measures to ensure that the finished products meet expectations.

Final Milestone: Distribution, Marketing, and Final Report (Month 3)

• Coordinate the distribution of the shower towels to Cardano Summit attendees.
• Implement marketing and promotional activities to increase awareness of the product and encourage sales.
• Prepare and submit a comprehensive project close-out report detailing the project's achievements, challenges, and outcomes.
• Create a video showcasing the shower towels and highlighting the project's impact on the Cardano community.

Who is in the project team and what are their roles?

1.Project Lead: Dagmawit

• Role: Overseeing the entire project, from design and production to marketing and distribution.

2. Design Lead: Binyam

• Role: Creating the shower towel design, incorporating the Cardano logo, summit details, and ensuring a visually appealing aesthetic.

3. Production Manager: Yosef

• Role: Sourcing suppliers, overseeing the production process, and implementing quality control measures.

4. Marketing and Distribution Specialist: Feven

• Role: Developing and executing marketing strategies, coordinating distribution channels, and managing sales.

5. Financial Manager: Yonathan

• Role: Managing the project budget, tracking expenses, and ensuring financial accountability.

Please provide a cost breakdown of the proposed work and resources

1.Design and Development (20,000 ADA)

• Design Fees: Fees for the design lead to create the shower towel design and incorporate the Cardano logo and summit details. (10,000 ADA)
• Prototype Development: Costs associated with creating prototypes for testing and refinement. (10,000 ADA)

2. Production (60,000 ADA)

• Materials:Costs of materials, including fabric, ink, and tags.(30,000 ADA)
• Manufacturing: Fees for the manufacturing process, including cutting, sewing, and printing.(20,000 ADA)
• Quality Control: Costs for quality control inspections and testing.(10,000 ADA)

3. Distribution(20,000 ADA)

• Packaging and Shipping:Costs for packaging materials, shipping fees, and handling charges.(8,000 ADA)
• Distribution Channels: Costs associated with distributing the towels to Cardano Summit attendees, such as fees for merchandise booths or inclusion in registration packages.(12,000 ADA)

4. Marketing and Promotion (16,000 ADA)

• Marketing Materials: Costs for marketing materials, such as flyers, posters, and social media advertising.(7,000 ADA)
• Public Relations: Fees for public relations services to promote the shower towels and generate media coverage. (9,000 ADA)

5. Project Management(15,000 ADA)

• Project Management Fees: Fees for the project lead to oversee the project, manage timelines, and ensure successful completion. (15,000 ADA)

6. Community Engagement (10,000 ADA)

• Community Outreach: Costs for engaging with the Cardano community, such as attending events, participating in online forums, and organizing meetups. (10,000 ADA)

7. Contingency (5,000 ADA)

• Unforeseen Expenses: A contingency fund to cover unexpected costs or challenges that may arise during the project. (5,000 ADA)

Total Budget:146,000 ADA

No dependencies

How does the cost of the project represent value for money for the Cardano ecosystem?

Value for Money

The proposed project represents excellent value for money for the Cardano ecosystem. The costs outlined in the budget are directly proportional to the scope of the project, the quality of materials and services, and the expected impact on the community.

Key factors justifying the cost:

• Limited Edition: The shower towels will be a limited-edition item, increasing their desirability and potential resale value.
• High-Quality Materials: We will use premium materials to ensure the durability and comfort of the towels.
• Unique Design: The design incorporates the Cardano logo and summit details, making it a distinctive and collectible item.
• Community Impact: The project will strengthen community engagement, enhance brand visibility, and generate revenue to support future Cardano initiatives.