[SOLUTION] Please describe your proposed solution.
This project creates a platform called CARDANOTrading that organizes cryptocurrency ADA trading competitions on the most prominent exchanges worldwide. The goal is to encourage traders globally to give much more attention to CARDANO through ADA Trading Tournament in SPOT, FUTURES, and STAKE. This initiative will significantly contribute to the global adoption of CARDANO by attracting new users who will be rewarded for engaging in ADA trading on SPOT, FUTURES, and through STAKING.
[IMPACT] Please define the positive impact your project will have on the wider Cardano community.
The impact of this project will be very positive for CARDANO because it will lead to a significant increase in the number of traders dealing with ADA. The CARDANO trading tournaments on the exchanges are expected to be highly successful, with a large number of participants attracted by the rewards.
[CAPABILITY & FEASIBILITY] 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?
I have been a member of this community since Fund 4 and have successfully executed a project in Project Catalyst. Additionally, I am a lawyer with a master’s degree in Political Science and many years of professional experience. I have been a trader of ADA and cryptocurrencies for several years. My LinkedIn profile is: www.linkedin.com/in/jhonatan-gutierrez-448507185
[Project Milestones] What are the key milestones you need to achieve in order to complete your project successfully?
Research and Initial Planning
- Investigate technical and legal requirements for the platform.
- Create a detailed plan outlining architecture and key functionalities.
Verification:
- A document with the requirements and planning.
Market Analysis and Research
- Conduct a comprehensive analysis of the cryptocurrency trading market, focusing on Cardano.
- Identify key competitors, market trends, and potential user demographics.
Verification:
- Detailed report on market analysis findings.
Create MVP:
- To create a minimum viable product (MVP) prototype of the platform.
Verification Criterion:
- Provide test results that support the effectiveness and utility of the MVP.
The integration of the requirements, planning, and market analysis documents into a final report.
[RESOURCES] Who is in the project team and what are their roles?
The project will be carried out by the main proponent, who, in addition to being a lawyer, has been a cryptocurrency trader for several years and will work full-time on this project to fulfill all proposed objectives. Also, I will hire the developing the minimum viable product (MVP) prototype of the platform with Christian David, He is a programmer specializing in computer security, his LinkedIn profile is: linkedin.com/in/chrisdgutierrez
[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources.
The requested budget for this project is 68,000 ADA, and it will be distributed as follows: 10.000 ADA for market research, 10.000 ADA for project marketing, 24.000 ADA for developing the minimum viable product (MVP) prototype of the platform and the fees for the main proponent, who will work full-time for 3 months, as follows: 60 days of work x 8 hours per day = 480 hours in total at 50 ADA per hour = 24.000 ADA.
[VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?
This project represents significant adoption of CARDANO by new users worldwide, with substantial positive exposure for ADA. Also, the budget is not high and is consistent with the goals of the project.