Please describe your proposed solution.
DEV$ is the new interactive loyalty program that offers exciting benefits for Cardano developers and is based on giving rewards in Tokens for the different valuable actions developers perform.
The more a developer gets involved and produces value, the faster he earns DEV$ tokens.
DEV$ tokens can be exchanged for ADA (Cardano) which will increase the value of ADA since demand will increase as long as developers Earn tokens and Redeem them for ADA.
DEV$ can also be redeemed for prizes, NFTS and gift cards depending on how we set up the redemption channels by measuring the preferences on an ongoing base.
The Loyalty Program budgets and earning scenarios are directly related to the revenue and value produced by developers.
Projects can offer DEV$ to attract developers and will have a tool to reward them based on parameters they define (hours, goals, milestones, etc)
The principle structuring the program is that Developers earn DEV$ Tokens at an increasing rate according to their status level and revenue amount generated to the community.
The program will have sections where to Earn and Redeem DEV$ with an account balance and transaction history that will be tracked in a Cardano wallet maybe as a native Token.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
Creating an exclusive reward program to incentives developers for sure will lead to increased developer adoption, productivity, and creativity.
Cardano needs to attract developers with some tangible rewards that can increase over time based on the progress and work of the developer.
The status Tiers are a great tool to separate them based on performance, work, and future accomplishments.
A program like this will also generate loyalty since there is an opportunity cost if leaving.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
The main risk is to have a high demand for Cardano developers and we can not find the expected amount of hours to execute the project but we are confident we will accomplish the goals based on the conversation we had with some developers we know.