Nothing came up for

DOON: Decentralized News Platform

$138,600.00 Requested
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Problem:

The news media industry is in a crisis of trust: Lack of reader trust, fake news, censorship, unfair distribution of power and profits, and insufficient monetization for content creators.

Challenge: Dapps, Products & Integrations
not approved impact proposal Requested 1.766% of the fund.
Proposal Assessor Reviews:
4.9 (36)
Yes Votes:
₳ 85,863,711
No Votes:
₳ 119,076,675
Unique Wallets:
679

Experience

Team of experienced entrepreneurs, blockchain- and DAO specialists and media experts. The team has been part of Catalyst since Fund 3 and part of several funded projects.

Solution

MVP of a truly decentralized news platform based on a newly created reputation model that rewards valuable contributions from content creators and users.

  • Video cover image
  • Quick
    Pitch

[IMPACT] Please describe your proposed solution.

A: Extended Problem Statement:

Free journalism is the foundation of a functioning society and democracy. Today, the mainstream media are facing a major crisis of trust. Declining readership is the result of a lack of trustworthiness. Due to the rapid increase in fake news, it is becoming more and more difficult to assess the accuracy of information and the trustworthiness of information sources.

But it is not only readers who suffer from this development and increasingly turn away from major media. It is also becoming increasingly difficult for journalists to maintain their independence and ensure the quality of their work. On the one hand, this is a result of the growing dependence of journalists on large publishing houses, so that independent reporting is becoming increasingly difficult in this centralized system. And on the other hand, good compensation for independent work is becoming more and more difficult to achieve.

Furthermore, most large media companies see readers as a product to earn money with. But the idea of serving the reader with truthful information is becoming less and less important in this system. The result is that many news stories are designed to get clicks, but less to tell the truth.

Both readers and journalists want and are waiting for a new news system that has trustworthiness and fair reward at its core.

B: Our new P2P approach for open journalism:

DOON is a decentralized, blockchain-based news platform that is based on a newly developed reputation system.

This reputation system measures the trustworthiness of content, sources, and users while providing the basis for a novel reward model for content creators and contributors - all without a centralized authority. This decentralized reputation system will have a major impact and transform our content industry by building trust in a world of "fake news" by helping consumers identify the credibility of content or content creators. In the long run, these reputation scores may even be weighted factors for suitability for tokenized assets.

C: Why combine Blockchain and Media? Decentralization, Transparency, Immutability and fair rewards!

  • Blockchain allows users to create a reliable and immutable system for recording any kind of information
  • Identifying and rewarding valuable contribution by content creators and media user
  • Thanks to the blockchain, the rewarding phase is transparent because transactions are tracked and audited by everyone
  • Removing user as the product: The idea is that no central authority will have the capacity to use user information for their own purposes, essentially freeing (social) media users from their current status a product
  • Control over content: No single entity can enforce monitoring and controls generated content
  • Improved Security: Privacy and security through a distributed reputation mechanism
  • Expanding and protecting freedom of speech: Blockchain removes the aspect of user accounts so that metadata can not be tied to any single person, and the metadata itself is spread across a single decentralized network. This provides a great opportunity for those who need real anonymity to fight a good fight.
  • Fake news: The blockchain enabled platform can provide online readers with a reliable way of verifying the content and its source.

D: Decentralizing reputation to restore trust

Current reputation systems operate in silos and are vulnerable to manipulation, as malicious behavior goes unpunished or even rewarded. Providers and Internet users can create multiple different accounts for each platform with relative ease. Since there is no incentive to improve one's reputation rating, any user with a bad rating need only create a new account to start with a neutral rating.

With blockchain technology, there is now a way to change this management of online reputation. Quantifying and tokenizing users' reputations on the Blockchain based on various factors now provides the incentive for users to build a long-term positive reputation as it relates to rewards. Blockchain and the open-source character of DOON make manipulation much more difficult, and if it happens, it is forever traceable.

In summary, the more users trust you in the long run, the more you will be rewarded for creating your content.

E: How can decentralized reputation be solved for our media use case?

To solve the problems described above, we need to create a decentralized reputation protocol that is open and permission-free. We need to adopt some key principles from blockchain and self-sovereign identity to ensure the decentralization of the system and the associated user sovereignty.

<u>Our reputation protocol consists of four core components:</u>

1. Reputation Quantifying Mechanismen

To quantify the reputation score of a user, we need to define descriptive factors of on the one hand and valuation models on the other. It is important to separate the reputation data from the valuation models. Reputation is simply a combination of facts and opinions. A single opinion and evaluation is always subjective, but the cumulative opinions and evaluation are objective data points, as are additional measurable facts. That's why we separate data collection from data analysis. Thus, reputation are vertices of a directed graph representing facts stored on-chain. The output would be an actual reputation profile.

2. Reputation Tokens

The heart of DOON will be so-called reputation tokens that will serve two purposes:

  1. To identify and reward the users who have contributed value to the platform—a form of signaling, which those users can parlay into public reputation.
  2. To provide a form of compensation that enables contributors to liquefy some of the value they have created into an exchangeable currency.

Yet these two roles are in opposition to each other. A token needs to be exchangeable in order to be liquid. But the more liquid a token is, the less effective it can be as a pure signal of reputation.

Therefore, we propose a two-token reputation system, whereby one token, which we call “REP-points,” which serves as a non-transferable reputation signal. A second token, “DOON-coin,” is a transferable asset dispensed to holders of REP-points on a regular cycle. Effectively, REP-points spin off dividends in DOON-Coins that can be used as tradable currency.

At a high level, this design promotes a feedback loop whereby users derive REP-points from high-quality contributions on the platform such as contributing content, moderating or evaluation. And then, when the users with REP-points receive DOON-coins, these can be traded as a currency. Users’ demand for DOON-coins drives the need to acquire REP-points, which in turn incentivizes high-quality contributions.

In summary, contributors receive a non-tradable token for their reputation that spins off tradable tokens.

3. Pseudonymous and private by default

Users are identified by their decentralized identifiers [DID] and are free to choose real names or pseudonyms for this purpose. To ensure the long-term value of the DOON DID, we develop a reputation system consisting of a general reputation protocol, a reputation pipeline interface, a reputation data-on-chain and algorithm library, a reputation incentive mechanism, a reputation account management and a fake account identification mechanism.

4. Open source and community oriented

In web3, you will not gain acceptance or success by developing a complete solution in isolation. Instead, we are thinking about how to combine the amazing work of many open source projects. Reputation systems remain largely fragmented, but there are some interesting experiments being done in the community. What is missing so far is an open, interoperable solution for use cases like DOON.

When it comes to reputations, the open source character becomes also very important in terms of transparency of the rules on how to gain reputation points. Users need to know the rules of the 'game' before they start playing.

F: What will DOON look like?

<u>The DOON- platform works according to the following scheme:</u>

1. journalists and content creators create articles and content that they post on the platform under their DID.

2. readers get access to content via DOON coins.

3. the reputation-protocol determines the relevance of a content and thus the author gets reputation-points (REP-points)

4. the author receives DOON-Coins according to his REP-points as a reward for his content.

<u>Business-Model and Tokenomics:</u>

The problem with many token-based projects (rewards through tokens) is that the underlying value of the token is hard to qualify. Especially when rewards should be a financial incentive. So you need to get real money into the system.

There are several ways in which the demand for DOON coins naturally arises and thus a real and liquid market for these tokens exists. Here are a few possibilities listed. At this stage of the project it is not mandatory to choose the final business model. What is important in community-based projects is to engage in a dynamic learning and development process to find the best business model.

<u>Cycle of Coins:</u>

  • Create Content: Posting content costs Coins. This ensures that there is no flood of irrelevant content. The higher a user's reputation, the greater the ratio of cost to potential gain.
  • Review content: The user receives tokens for reviewing. The higher the reputation, the greater the weight of the review and the greater the reward
  • Consume content: To view content, users have to pay coins. We will test different models for this approach. These can be subscription models or one-time payments. In addition, authors can decide between different compensation models.
  • Discuss with author or users: Users need coins to discuss with peers and comment on posts. The amount will depend on the individual reputation and relevance of the post.
  • Sponsored posts: Companies need coins to advertise their products. Users who allow companies to show ads to them get a share of the ad revenue and thus receive Coins to participate in the platform. (Especially for topics like advertising or sponsored posts, a reputation protocol can also be implemented to determine the cost of advertising).

<u>How to stabilize the value of the DOON-coins?</u>

At the beginning the platform may need to undertake monetary policy by adjusting the overall supply of DOON-coins. This area needs deeper investigation during the MVP phase with the first test users and will be relevant at a later stage of the project.

The two-token system we have described offers a simple approach: adjust either the point accrual rate or the dividend flow rate. For example, the council that governs DOON could change the reputation-system as a way of slowing down or accelerating point accumulation, or could reduce total dividend size, as a way of decreasing/increasing the long-run DOON-coin supply. But we have to be careful with these sorts of interventions, as every change in the overarching incentive structure for contributors impacts contributor behavior. In particular, anything that degrades point value unexpectedly could harm user trust.

<u>Key-elements of the DOON platform:</u>

  1. Reputation and token system as described above
  2. Online platform to post and read content and to interact with each other
  3. A treasury and governance body, that ensures the development of the platform

<u>Parameters of the reputation protocol:</u>

Our protocol will be designed to incentivize valuable contributions to the network and discourage participants who make fake or biased contributions.

The final definition of the reputation protocol (parameters and alogrithms) for the MVP version is part of the proposal. After the launch of the platform again this aspect will be a permanent iterative process. There are already studies for the measurability of the individual parameters. Nevertheless, research on this topic will be a permanent part of DOON. The following parameters are examples:

- Objectivity

- Truthfulness

- Relevance

Long-term activity: The link between REP points and DOON coins provides a natural mechanism to reward users who have made high-quality contributions. However, since REP points are not transferable, there is an element of hysteresis: those who accumulate points early could end up owning a disproportionate share of DOON coin dividends. In many crypto projects, the largest shareholders are the people who learned about the project the earliest. But these early adopters are not necessarily the most valuable to the future of the ecosystem. Therefore, it is important to incentivize continued contributions and engagement. This means that REP points lose value over time. To maintain your REP point level, you need to continuously contribute value to the system.

In order to develop a secure and sustainable protocol, one focus of the proposal is to find the right parameters and algorithm. This requires research and collaboration with the community (content creators and content users).

[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.

Before we explain why we have chosen this challenge for DOON, let's first tell you why we chose Cardano and Project Catalyst as the best place to start this project.

We believe that Cardano is the blockchain for true decentralization. We support and contribute to this community by making our projects open-source, so that everyone can understand and learn from it. By developing and implementing reputation and governance models we will help other projects become truly decentralized. We are also open-source because we have benefited from the experiences of other projects and because we want others to learn from our experience.

Our team has been involved in Project Catalyst since the beginning, and we see it as the best playground in which to experiment on novel models for decentralization and governance. We see this fund as a great opportunity to find real solutions to real problems. That's why we've been a part of this movement so far and will remain so.

Why this challenge?

This Challenge is looking for 'impactful use cases' that will run on Cardano. We understand the goals and main KPIs of this challenge to be the following:

  • Cardano become a thriving ecosystem for better alternatives over current centralized providers
  • Increase overall quality of Cardano DApps in ecosystem
  • Increase new viable applications on Cardano
  • Attract more users to Cardano

Our solution contributes to this quest. Why is our approach impactful and who will benefit from us?

  • First of all, it is a service for all news readers: by significantly increasing trustworthiness and transparency of the content
  • Secondly, journalists and content creators: by getting more independence, new revenue streams and new forms of rewards
  • Finally, the Cardano community: we share our findings about reputation and decentralized governance to help Cardano to become the go-to blockchain for true decentralization.

Comparison to some other existing projects in and outside the Cardano ecosystem:

- DeSo: Layer-1 blockchain built to form the ground up to scale decentralized social applications with heavy databases.

- DNN: Decentralized News Network, combining news creation with decentralized networks to deliver factual content, curated by the community. ICO in 2018, but doesn't exist in is original form anymore

- Mindplex by SingularityNet: Decentralized magazin, based on collaboration but with centralized editors

In summary, as we as a community head more and more into the voltaire stage, we think it is the right time to shift the focus more and more towards systems and use-cases that fully use the potential of the Cardano blockchain when it comes to governance.

[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?

We have analyzed related initiatives in the blockchain industry and identified the following risks for our project:

a. The reputation model does not work as desired

b. The business model and underlying token-based reward and incentive model does not take effect

c. There is not enough capital to put enough time and development into the platform

d. Adoption within the industry and community takes too long.

e. The technical requirement of Cardano blockchain is not evolving in our needed direction

f. Underestimating the complexity of the development and implementation required.

Our strategies

We are adopting the same strategy that we have used for different business ventures: build a buffer into our development forecast that leave room for refactors. Our strategy is to remain transparent on our progress and report any adjustment in our monthly reporting within Catalyst.

a. The main focus of this proposal is to explore different paths for a novel incentive model in a real-world setting. By doing so, we ensure that we can test multiple variants and thus develop a reputation model that meets our requirements.

b. The underlying business model and tokenomics are designed from the ground up so that the underlying value of a DOON Coin (the core of the platform) does not depend on pure supply and demand (and is thus highly susceptible to price fluctuations), but has an underlying value (cash flow via treasury management).

c. We act transparently, we reward participation, and we hire an experienced community manager from the beginning to build a long-term and sustainable community. Our goal, of course, is to ultimately operate as a pure community-driven DAO. In addition, DOON does not depend on a network effect. It is important that the size of the community is proportional to the cash flow and the amount of content created. This makes even a smaller ecosystem sustainably viable. Of course, the goal is to become a big player in the media world. But that's a long road and depends on many variables.

d. DOON is part of a startup factory (Conu21) and thus has access to experienced entrepreneurs and a network of seed investors. DOON will access various resources (private and venture capital, pre-token sales, ICO) to be solvent in the medium term. Catalyst funding forms a building block of seed funding for this project.

e. Currently, Cardano Blockchain meets our requirement and its corresponding future roadmap is aligned with our plan. And fundamentally, we are very confident that Cardano is the right Blockchain for our use case.

f. Our approach is to overestimate development on this part and make sure our capacities are well used in order to leave space for unexpected developments.

[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.

Detailed plan and timeline:

We have established a six-month timeline for implementation of all items in the plan, assuming a start date of September 1, 2022.

Scope of this proposal: At the end of the six-month period, we will be able to present a functional MVP version of the DOON platform .We have divided the proposal into 3 areas:

1. Reputation protocol

<u>Step 1: Research</u>

Identification and validation of the variables of the reputation model using the scientific method of structural equation modeling, which we intend to conduct with at least 200 (preferably 500) participants in order to adequately test each variable and hypothesis. Dominik Tilman &amp; Wolf Hiemeyer have already applied this method many times and even published a whole chapter for the application of this method in their last publication.

  • Lead: Dominik Tilman, Prof. Dr. Wolf Hiemeyer
  • Timeline: September - December 2022
  • Outcome: (short) research paper with our results (can serve as a basis for further research)

<u>Step 2: Technical Development</u>

Formalization of the reputation model and protocol as a basis for technical implementation. The development of the reputation protocol includes the following components and is based on our research:

- general reputation protocol

- reputation pipeline interface

- reputation data-on-chain and algorithm library

- reputation incentive mechanism

- reputation account management

- Non fundable token integration

  • Lead: MetaLamp
  • Timeline: November - Dezember 2022 (see sprint 1 - 4 in technical development)
  • Outcome: The protocol will be open-source and will be published on our Github page

2. MVP development

<u>Step 1: Tokenomics</u>

Based on our business model, we formalize the token model, which in turn forms the basis for the technical implementation. This section also includes the technical preparation for native token integration into the platform.

  • Lead: Susanna Chloe
  • Timeline: until October 2022 (see sprint 1 in product development)
  • Outcome: The token model will be open-source and will be published on our Github page and in our whitepaper

<u>Step 2: Platform functionalities</u>

Define the basic functionalities of the MVP version of the platform. Based on this, the design of the platform is created. After that we can start to develop all the features:

- creating &amp; managing account

- content editor

- individual feed

- rating &amp; reviewing &amp; commenting features

- Ui/UX-Design

- Integrate web-interface with blockchain

  • Lead: MetaLamp, Vera Hantel (Design)
  • Timeline: October - Dezember 2022 (see sprint 2 - 5 in product development)
  • Outcome: Website with our platform

<u>Step 3: Web &amp; blockchain integration </u>

The last step brings together all the previous steps: reputation-protocol, web-platform and on-chain-data. This will result in the first MVP version. We then test it for full functionality. If necessary, we will make improvements and then present the finished MVP version.

  • Lead: MetaLamp
  • Timeline: Januar - Februar 2023 (see sprint 6 - 8 for technical &amp; product development)
  • Outcome: MVP-version of DOON

3. Project &amp; community development

We already see community management as an important part of the proposal, in order to involve the target group (journalists and readers) in the development of the platform from the very beginning and also to do justice to our open source character. Therefore, we will participate in different online &amp; on-site events and, if necessary, organize online events to discuss with the community and present our progress.

  • Lead: Dominik Tilman, Thomas Zuchtriegel
  • Timeline: July 2022- Februar 2023
  • Outcome: Completion of phase 1 of DOON

What happens after the proposal

With the completion of the MVP version, phase 2 of DOON will start. This includes market entry, further technical development and extension of the platform's functionality.

We will be looking for funders outside of Catalyst to fund phase 2. Our core team already has many years of experience in this field. In the event that other projects in the ecosystem could benefit from the technical development (for example, in the area of DID and native tokens), we can imagine further proposals in Catalyst.

[FEASIBILITY] Please provide a detailed budget breakdown.

We have divided the budget into 5 areas. We have calculated the estimated time to the best of our knowledge. Of course, there are always uncertainties, which is why we have, for example, planned an additional sprint for open tasks in both development sections. The hourly rates represent a fair payment for our team. For the development (product &amp; technology) we have given an average hourly rate, since both senior and junior developers are used.

  • Project management

including the following tasks: organization and coordination of proposal execution, communication with contractors, accounting, monthly reporting, community management (onboarding, events), marketing activities, presentation of milestones &amp; results, audit &amp; documentation

40 hours/month x 6 month x $60/hour = $14,400

  • Research

including the following tasks: Review and summary of previous research results, review of related use cases, definition of variables (constructs and items), creation of the hypothesis model, creation of the questionnaire and pretest, conduction of the study, analysis of the study, writing and publication of the results

80 hours/month x 3 month x $85/hour = $20,400

  • Product development

including 8 bi-weekly sprints for the following tasks: 1. define tokenomics 2. define functionality, 3. Mockups and web design, 4. + 5. Website development, 6. integration web-interface &amp; blockchain 7. additional sprint for open tasks, 8. MVP testing

80 hours/sprint x 8 bi-weekly sprints x $60/hour = $38,400

  • Technical development

including 8 bi-weekly sprints for the following tasks: 1. reputation protocol &amp; interface, 2. data-on-chain integration, 3. algorithm library, 4. NFT integration, 5. native token integration, 6. integration web-interface &amp; blockchain 7. additional sprint for open tasks, 8. MVP testing

120 hours/sprint x 8 bi-weekly sprints x $65/hour = $62,400

  • Additional expenses

Software licenses, fees, events, unexpected costs: $3,000

[FEASIBILITY] Please provide details of the people who will work on the project.

Core Project Team:

The core team consists of experts who have many years of experience in building startups. In addition, we have an expert for each area (business, research, product, community) in the team.

To ensure that our team meets the requirements of technical development, we have decided to work with experienced partners for the respective tasks and steps, as they have a wider range of relevant experts who have already successfully worked together on projects. This includes experts in technical writing, front &amp; back end developers, graphics and content specialists, and UI/UX specialists, Plutos &amp; Haskell specialists. This gives us the necessary flexibility and depth to ensure the completion of the proposal.

<u>These individuals are involved in the project:</u>

  • Dominik Tilman: Project management &amp; research

Dominik has been an active part of the Catalyst community since Fund 3. He has been part of the Catalyst Swarm initiative since the very beginning. He co-founded IdeaFest and has successfully organized and executed it since Fund 5. He is also part of several successful proposals. Professionally, he mainly advises startups and actively helps in the founding phase to develop the right business model and to market the ideas sustainably.

https://www.linkedin.com/in/dominikstumpp/

https://www.dominiktilman.com

  • Susanna Chloe: Business &amp; Tokenomics

Susanna is Executive Director of Unification Fund at ICV and a well-known expert in the field of DAO, blockchain and startup building. She supports DOON with building the business and token model.

https://www.linkedin.com/in/susannachoe/

  • Prof. Dr. Wolf Hiemeyer: Research

He is a professor at the University of Economics in Munich. Together with Dominik he has conducted research projects and consulted multinational companies.

https://www.linkedin.com/in/dr-wolf-dieter-hiemeyer-6297a985/

  • Thomas Zuchtriegel: Product &amp; Technical Lead

Thomas is and has been successfully involved in a variety of startups and businesses. He brings his expertise from the media industry (e.g. Discovery Channel). In addition, his experience as an entrepreneur will help DOON to start operations and to prepare and execute the market entry.

https://www.linkedin.com/in/thomaszuchtriegel/

  • Vera Stumpp: Graphic design, marketing communication

Vera is a marketing consultant specialized in design, content creation and B2B multichannel marketing. She will create the design of the platform and will help to establish our marketing and community channels.

https://www.linkedin.com/in/vera-stumpp-436b971b1/

<u>Contractors &amp; Partnerships for the execution of the proposal:</u>

  • Conu21 LLC: Startup Factory

Conu21 is newly created startup factory to help transformative ideas turn into reality. The network behind Conu21 will assist with business modelling, financing and mentoring of the team. Furthermore it will provide the legal framework for DOON during the MVP phase.

https://www.conu21.com

  • MetaLamp: Technical development and blockchain integration

MetaLamp has a tremendously talented team that have already developed a variety of MVPs and products in the Cardano Ecosystem (including an NFT marketplace for IOG). Many have worked with Haskell for 5 years or more. Many of the team members have completed the Plutus Pioneers course and are active in the community. Contact persons: Rostislava Glebovich, Iana Geidrovich

https://www.metalamp.io

  • CatalystSwarm: Community building

The CatalystSwarm explores and maintains key community infrastructure to provide a great experience that maximizes participation and collaboration within the broader Cardano ecosystem.

https://www.catalystswarm.com

[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.

If the further technical development of the platform includes open-source elements from which other projects could benefit, we would consider further proposal(s). Basically, we will secure our capital needs for the market launch through other sources. There are different options like VC or token sales.

[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?

Our approach is to operate as transparently as possible, so that the community has the maximum possible insight into the project on the one hand and can also participate in the project on the other. Therefore we provide different sources for the documentation:

  • Website: We will created a sub page on our website to give the community easy access to all relevant documents, links and reports that we have published
  • Github: We have created a new GitHub-page to publish our technical development and to track our ongoing activities
  • Official monthly Catalyst reporting:
  1. During monthly reporting we share our activity board for the project as well as the developer sprint velocity for development tickets
  2. During monthly reporting we share estimated parts of work in our detailed budget/timeline that need more or less time than expected to get an estimate on the forecasted completion date

Metrics to measure our progress and success:

1) Research results:

  1. Number of study participants
  2. Validity of results (metrics: Cronbach's alpha of items, R(square) for the reputation variables)

2) Community growth:

  1. Number of active individuals who contribute to the development process
  2. Number of contributors on Github

3) Product adoption:

  1. Number of content creators on DOON
  2. Number of readers on DOON
  3. Number of content reviewers

[AUDITABILITY] What does success for this project look like?

Successful completion of the proposal means that we will have a functional MVP version of the platform within the specified timeframe, which we can then use to approach both market entry and further financing of the project. However, we would like to further define success in two levels:

'Good' &amp; 'Very Good'

<u>'Good' means:</u>

1) Research results:

  • Number of Participants: 100 (minimum number to get valid results)
  • Validity of results:
  1. Cronbach's alpha &gt;0.7
  2. R(square) &gt;0.4

2). Community growth after 6 / 12 months

  • Active individuals: 10 / 100
  • Contributors on Github: 5 / 25

3) Product adoption after 6 / 12 months

  • Number of content creators: 10 / 100
  • Number of readers: 100 / 1000
  • Number of content reviewers: 10 / 100

<u>'Very Good' means:</u>

1) Research results:

  • Number of Participants: 200
  • Validity of results:
  1. Cronbach's alpha &gt;0.8
  2. R(square) &gt;0.6

2). Community growth after 6 / 12 months

  • Active individuals: 50 / 1.000
  • Contributors on Github: 10 / 50

3) Product adoption after 6 / 12 months

  • Number of content creators: 50 / 1000
  • Number of readers: 500 / 5.000
  • Number of content reviewers: 50 / 500

Going further, it would be a great success for us if our reputation protocol is interesting for other use cases. Even if this is not directly part of the proposal, it means for us: The more adopters, the greater our impact and therefore our success.

[AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.

This proposal is completely new and independent from previous proposals of this team. However, the involved persons have been part of multiple successful funded and executed proposals (like Idea Fest Fund 5 - Fund 8, Fund 7+8 Campaign).

Also: The DOON project has no other proposal submitted (neither in this challenge or in any other). To make the scope of our project more transparent and comprehensible to voters and proposal assessors, we didn't split the tasks in different proposals.

Sustainable Development Goals (SDG) Rating

3 - Promote well-being for all at all ages

5 - Achieve gender equality and empower all women and girls

8 - Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

9 - Promote inclusive and sustainable industrialization and foster innovation

12 - Ensure sustainable consumption and production patterns

13 - Take urgent action to combat climate change and its impacts

15 - Promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss

16 - Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels

17 - Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development

Community Advisor Reviews

Impact / Alignment

5 / 5
12 Reviews

Does the proposal effectively addresses the challenge?

Community Reviews (12)

Commenter gravatar

"I am convinced that this proposal is aligned with the challenge’s objective based on goals and main KPIs that have been mentioned. Their solution is a platform - DOON which can be impactful for the target audience who can be all sorts of users, such as news readers, journalists, content creators, and the Cardano community. They can benefit from a reputation model which rewards them based on valuable contributions. There is an in-depth explanation of the reputation protocol, so there is little difficulty understanding their solution technically. Their vision is to help solve the problem of trust in the media industry by integrating decentralization, transparency, immutability and fair rewards. A total of 6 potential risks that have been identified are based on their analyzed research, so I think they are realistic. Moreover, there are strategies that they adopt to mitigate each of these risks. The requested budget is presented in a meticulous manner and seems very well-structured with almost all details needed to assess for approval. "

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_4113
Total QA Ratings
6
QA Rating Outcome
Good
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From what I understand, I can summarize this proposal as developing a decentralized media platform based on reputation. The main components they use to build this media platform are two concepts: “REP-point” and “DOON-coin.” “REP Points” will be awarded to content creators as “reputation points” and are non-transferable, “DOON-coin” is “money” awarded based on “REP-points” and can be used in exchange for “real money” like USD, EUR, etc. By this mechanism, everyone can access the information created most transparently and not manipulated by third parties. And as the proponent mentioned, it also increases users and the overall quality of Dapps in the Cardano ecosystem. So the idea of the proposal suits the challenge. In this part, the proponents presented their ideas well and clearly. They have divided it into several sections so that the voters can get the content and structure easier. And I love the way they give short summaries after each section. This help the voters can quickly review the information they have just read. So they can give an evaluation of the proposal faster. Overall, the idea is presented well and suits the challenge.

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The proposal fits very well with the goals of the Challenge, as this is about creating dapps that are relevant to Cardano in terms of attracting new active members to the community, increasing the volume of Ada and CNFTs in circulation, in short, promoting the popularization of our blockchain. The idea in question is about creating a platform for Decentralized news. In short, a novel blockchain-based news portal. I find this very interesting because it is very much designed for reputation building and focused on interaction between users, like in social media itself. The proposal basically wants to deliver two things: The development of a reputation system and the MVP version of the news platform. The structure of the platform is described in detail. For the reputation system, a study is first conducted to find the best protocol. The proposal is very large, so actually only one question remains open with me: How will people find out about this new social network? I think for a social network to be relevant, it needs to be very popular, many users need to interact and engage with each other. The team is aware of this challenge, yet this question is not fully answered. Nevertheless, this proposal is excellently written and It is also great that they describe in great detail how the Dapp would evolve in each phase, highlighting the changes that would be generated, which makes us understand well the evolution of the platform. In summary, I like the project very much.

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This proposal (news platform based on a reputation system) meets the criteria of this challenge very well. The use case for a reputation system focused on content creation definitely has the potential to positively impact our ecosystem and industry. A functioning reputation system builds trust and can improve quality in news (and possibly social media) through broad adoption. This is especially important for a decentralized system. The team has worked out the proposal very well and derives the solution approach in great detail. The team describes step by step which components are considered and which different roles and parameters are integrated into the system. Basically, I find the idea very valuable and fully support this approach.

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Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

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In the current situation where mainstream media has a major crisis of trust due to several factors, this project provides solutions that involve Cardano technology. The focus of this proposal is to create a decentralized, blockchain-based news platform that is based on a newly developed reputation system. The proposer explained the 3 main components of this project, the DOON platform, DOON coins, and REP-points. The proposer also explained the mechanism of the reputation system where the writers will be reviewed and filtered to ensure only trusted writers could continue to write articles. With the combination usage of DOON coins and Reputation Tokens, it encourages writers to pursue writing accurate articles to get not only trust from people but also a financial incentive. The use of blockchain to make produce qualified news content is a solid start to enliven and grow the Cardano ecosystem. The challenge has been explained in full detail with some solutions. The proposer described many key elements of this project in detail, such as the Business-Model, Tokenomics, Cycle of Coins, and how to stabilize the value of the DOON-coins

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Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

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The team is proposing a decentralized messaging system. What's novel about this proposal is that it rewards content creation via a two-tiered reputation model: First, reward points are collected, which in turn yields a dividend in tradable tokens. The system seems very complex to me, yet I really like how the team systematically explains the setup. Moreover, the team seems to have done a comprehensive market analysis. Another plus is that a research paper is written for the basis of the reputation model. Overall, the proposal fits perfectly into the Challenge. It describes exactly how it will impact the campaign's goal of scaling Cardano. Overall, I think this proposal is very high quality. It is very detailed and provides a lot of relevant background information.

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The idea addresses the main problems in today’s media: misinformation and disinformation. This proposal fits the challenge as it aims to become a community-led decentralized news outlet, in contrast to existing centralized publishing houses (e.g: CNN news).

Today, both readers and writers strive to use platforms like Substack, although it can be challenging for writers to find an audience, and for readers to find good sources of information. The platform that Doon wants to build gives content creators an initiative to report news independently. Think of it as every writer can become an independent publishing house, a brand and earn according to their reputation. The reputation model will help measure the trustworthiness of content, sources, and users while providing the basis for a novel reward model for content creators and contributors - all without a centralized authority.

When your name is a brand you care about your work more, which in this case will encourage content creators to provide impartial and accurate information.

With a proper reputation system as the proposal promises this may actually work. Proposed solution in this Fund is community building and a creation of reputation protocol. The project has global impact and when succeeded it will increase both viable applications on Cardano and attract new users. This is aligned well with the challenge as it is a new use case for a blockchain dApp that will improve the popularity of Cardano.

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This proposal combines Blockchain and Media to address the issues of measures the trustworthiness of content, sources, and users and providing the basis for a novel reward model for content creators and contributors. The product of the proposal will be a Media platform that has the following characteristics: Decentralization, Transparency, Immutability and Fair rewards.

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This is one of the better proposals I have seen. There is clarity and a level of detail that answers questions before their asked. The team laid out exactly how this will meet the challenge goals and positively impact the Cardano ecosystem. This is a dApp with real-world application. They identified a real problem: lack of trust in news sources. Then they identified a real-world application of blockchain to solve it. I am excited about seeing this project succeed from a Catalyst perspective, and also from a personally. I can't wait to read news knowing its source and seeing it in an original format that is immutable. It's a transparent changelog of the edits made. This is a great step forward for transparency. This has such broad social aspects that its success could positively transform the public marketplace of ideas for the next generation. I am hoping to see this one get fully funded.

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Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

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This is a serious problem in the leaked news media industry which causes a crisis of trust leading to reader mistrust, fake news, censorship, power distribution, and unfair profits. , and not enough monetization for content creators. This is a dilemma to be solved in this challenge and it is directly related to the proposal. The solution to this problem is to create a truly decentralized news platform based on a reputation model to regain the trust of readers to reward valuable contributions from content creators and users. . This makes us aware of the adequacy of the recommendation for exposure metrics in this challenge. New entrants will gain knowledge into the Cardano ecosystem, creating a positive impact in the medium to long term the near future. This proposal is consistent with the challenge it poses a clear problem about the criteria of the challenge. It offers a solution to help everyone connect to a decentralized news platform. The author of this project also raised many risks that affect the proposal: 1. Reputation model not working as expected, 2. Business model and code-based incentive and reward model the notice has no effect, 3. There is not enough capital to spend enough time and development on the platform, 4. The acceptance in the system and the community takes too long, 5. Technical requirements of the Cardano blockchain I'm not watching the direction of us, 6. Rate the lower level of development work and on-demand. The project's strategy is to build an additional development forecast buffer for re-exporters to maintain transparency on their progress and report any adjustments in our monthly report in Catalyst. The construction of the project mistakenly filled a necessary void.

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The proposal presents a detailed decentralized solution to the identified problems associated with the worlds current news and information sources. DOON is a decentralized, blockchain-based news platform based on a newly developed reputation system where the trust and credibility of contributors are measured. To measure the credibility of content, they are developing a reputation protocol consisting of 4 core components: 1. Reputation Quantifying Mechanism that calculates reputation score based on a combination of descriptive factors and valuation models 2. Reputation Tokens acting as contribution reward and compensation 3. Pseudonymous & private users by default 4. Open source and community oriented. On a first impression, the main challenge of this idea would be how fair and effective it is possible to make the reputation system, since it serves as the main pillar of the entire premise of the platform. There is also the challenge of making sure users find the use of tokens fair and trustworthy, as well as worth the investment since the platform requires use of tokens to access content. The proposal has a clear-cut idea of how the platform will work and has also addressed these challenges with several answers, for example thorough investigation/testing and community collaboration. Ultimately, by using their open-source and community oriented approach to build this platform that increases trustworthiness and transparency in journalism it can be a great contributor to Cardano and the wider ecosystem. Especially the trustworthiness and reputation protocol developement is a very interesting aspect of the platform and may serve as a valuable technology for other areas in the Cardano ecosystem as well.

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This proposal is very clearly described and with a level of detail that is exemplary and should be considered the benchmark for a project of this scope. It sets out exactly what problem is to be solved and what approach is to be used to solve the problem. It considers different risks and clearly describes the ways in which our eco-system would benefit from the implementation of the project. In principle, two solutions are proposed here: one is a platform for news and the other is a reputation system (which could also be used for other use cases). The solution is described in great detail and gives a good idea of the concept and scope of the whole project. I give 5 stars and am excited to see the implementation.

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Feasibility

4.8 / 5
12 Reviews

Given experience and plan presented is likely that this proposal will be implemented successfully?

Community Reviews (12)

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"There is a six-month timeline for implementation of all items in the plan, assuming a start date of September 1, 2022. I would expect an estimate on the forecasted completion date in a monthly report as what is being said. The detailed plan is well-structured. It is divided into three areas, each of which consists of the same components, including a short description, team lead, estimated timeline, and outcome.
The budget breakdown compliments considerably to the budget assessment since it is sufficient and adds a great sense of transparency. It is divided into 5 areas, each of which has been calculated by the same components, including the estimated months, number of hours required per month, and average pay rates. I am convinced that the expert team will meet the requirements in all aspects from technical development to business. There is enough evidence to check for their qualifications. The total number of those who will be involved in the execution of this proposal can be calculated, including both core team members and a network of contractors and partners. "

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The project plan outlines a clear timeline and presents detailed information about each step of each phase. I like how they clearly explain the main task and the name of the main responsible person and the specific timeline for each step. The budget is divided into 5 areas (Project Management, Research, Product Development, Technical Development, and Additional Costs). Each area always has a brief description of the costs to be used and simple calculations that give a specific cost number. The team information is clearly displayed about each person who will work on the project and their Linkedin. The short summaries of each member mentioned the relevant experience to the part they were responsible for in the project.

In summary, they did well in this part. And I like this presentation by the proponent. It is very intuitive and helps the reader can quickly grasp the key information and is convenient for later tracking.

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The attached schedule is optimistic but quite doable. The plan for implementation is very detailed and shows exactly which person or team has to accomplish which task in a defined time frame. As a result, we know exactly what activities are to be developed and approximately how many weeks they would take. This gives us a very solid understanding of what has already been done and what will be done next. What I like is that there is a distinction between technology, product and research. This makes it possible to understand the scope of all activities. Because of the size of the budget ($138,000), I find it valuable that an exact breakdown is talked about how the money will be spent. The team is diverse. Both from a technical and human nature. The technical development is done through a technology partner. It seems like there is already an agreement for this as details like names are already given. Overall, I found the explanations on feasibility very good.

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Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

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The implementation plan is described in great detail, and the detailed description of the solution quickly makes it clear what is meant by which step. The budget is also explained very well. I would possibly allocate more time for the creation of such a protocol. Nevertheless, I like that the team has additionally scheduled sprints for open tasks. The core team is also described in detail. It is also transparently shown which partners are being worked with. Overall, I think the plan is very mature and I think the team will successfully implement it.

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Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

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The proposer has an organized team, who have experience in their field. The project leader is a part of the Catalyst community from fund 3. The proposer already prepared contractors & partnerships, such as Conu21 LLC, MetaLamp, and CatalystSwarm for the execution of the proposal, The requested budget is reasonable and represents a fair payment for the team. The time plan will take 6 months with details of the task lists that will be carried out each month and who will do them. This project is pursuing funds from other sources besides Catalyst with different options like VC or token sales. With the additional funds, this project will be easier to develop. At the end of the six-month period, the team will be able to present a functional MVP version of the DOON platform

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The proposers seem capable of accomplishing what is described in the proposal. The plan described sounds doable. I like that the team is full of academic experience. Also, the technical development is being done with a reputable partner. And the team also seems to have experience in the media industry and building businesses. The plan described is very detailed and the budget is very easy to follow. Overall, I fully trust the team to implement the proposal.

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The proposed idea is great, but the amount requested is too high for MVP. Questions like how they incentivize contributors, how content creators are chosen are unanswered. It seems to be an experimental project, an MVP that can be delivered with a lower budget.

However, it should be noted that effort put into the design of this proposal shows how the team is equipped with required skills and knowledge.

The marketing plan to build a community is incomprehensible. It doesn't state the strategies, the channels or tools they will use i.e, if it will be a Discord server or a Telegram group.

My other concern is that any member of the team isn't directly related to journalism, even if the proposal doesn't give enough information on that. For instance, Thomas Zuchtriegel who is in the core team is presented as someone who has an experience in the media industry and yet we don’t know his role and whether it can benefit the project.

In the second phase, after finishing an MVP Doon plans to look for funds outside Catalyst. The team has been part of several funded projects within Catalyst before. One thing that makes me question if the team can deliver promised outcomes considering they are undertaking another 6-month project (SDG Impact-Investment Token) within this F9.

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The proposal is quite long, but it is necessary to describe how to solve complex problems of DOON. Readers feel that they understand most of The Core Team's implementation. The approach of this proposal also encourages high-quality community contributions to DOON through the reward mechanism of REP-points and DOON-coins. However, there are still a few points that need to be clarified such as: how the community controls DOON administrators could change the reputation-system: slowing down or accelerating point accumulation, decreasing/increasing the long-run DOON-coin supply…. Or, this proposal does not yet have a mechanism to punish possible violations on DOON such as fake news….

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This a big project. The team will have to build this from the ground up. There is currently no working demo, and this team is building this open source projects and existing pieces from the larger ecosystem. However, the biggest key will be the creation of the reputation model. This model is at the core of the system and is essential. It is the piece that potentially has the largest system-wide impact. The proposal acknowledges the challenge. They plan to start with scientific research to develop this part. Like many other of the best parts of Cardano, it will start with science. This is ideal. The proposal again lays out a clear and very detailed plan which answers all of my feasibility questions. The team is listed and their experience is very much capable of completing this. I would encourage us to approve this one based as much on the merits of the proposals as much as the end result of the blockchain news platform.

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This plan is thoroughly authored using a proven method where the team is a powerful working group. The successful completion of the proposal to obtain a functional MVP version of the platform within the specified time frame is something the team can use to access both market penetration and Continue to fund the project the potential for success seems huge. The great success of the proposal is that if the reputation protocol is interesting, the more people accept and know about their project, the greater the impact of the proposal and therefore the higher their success. The proposed solution addresses the stated objectives of the challenge it explains why we chose this challenge letting DOON know why we chose Cardano and Project Catalyst as the best place to start. beginning of this project. The author has contributed to the community by making the projects open source so that everyone can understand and learn more from them. To promote the Cardano and Blockchain ecosystem to help develop and implement governance and reputation models that help other projects become decentralized.

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z_assessor_2902
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5
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One of the strongest points to this proposal is team behind it and their partners. The team include experts with many years of experience in building startups as well as experts in each area of the team. The project manager Dominik Tilman has great experience in the Catalyst community and been part of the Catalyst Swarm initiative since the beginning and is a professional startup adviser. The rest of the team are all specialists in their areas with great evidence of their capabilities listed in the proposal, and with professional partners such as Metalamp this project appears to have a very solid foundation. Their 6 month plan & timeline is split in 3 areas, reputation protocol, MVP development, and project & community development. Every part of the plan includes well detailed sub-parts and how they are planning to complete each objective. For example, the research team leads Dominik Tilman and Prof. Dr. Wolf Heimeyer intend to use structural equation modeling with 200-500 participants for the identification and validation of the variables of the reputation model. The budget proposed is clearly formulated into its different parts and look sensible based on the teams experience and timeline. It is evident that this team has a great understanding of what lies ahead of them and with their experience & expertise and detailed planning it sounds extremely likely that this project will turn out successful.

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The team has set a big goal. Nevertheless, the single steps are comprehensible, logical and realistically described. The basis of the reputation model is a research work, in the spirit of Cardano. The team has the necessary experience and background to master this step successfully. The technical implementation is done with a well-known partner in the Cardano ecosystem. This creates trust on the one hand and in my opinion is also the right approach for an MVP version. The team is broadly positioned and has relevant experience in the media industry, in building companies and is well known in Catalyst. The project is ambitious, but I trust the team to successfully implement it.

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3
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Auditability

4.8 / 5
12 Reviews

Does the proposal provides sufficient information to assess and audit progress and completion?

Community Reviews (12)

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"I am convinced that they will deliver the success metrics in a timely manner as promised and it will be easy for the community to keep track of their progress during the timeline given. Regarding how they ensure transparent operations, they provide different sources for the documentation which I consider reliable thanks to a brief description of how they will use these tools to communicate with the community. Since this is a 6-month implementation plan, I assume a monthly report they propose can be appropriate.
The success metrics that will be reported are well-presented in three parts which I can easily relate to the ultimate goal. As far as I understand, these metrics will be measured and reported each month which will make it easy to perform audit exercises. The success they are trying to describe is very clear and well-presented with detailed success metrics that look sensible. Success within the time frame of this proposal is defined as two levels (good & very good) and each level contains specific KPIs that are entirely aligned with three metrics which will be measured within the frame of 6 months in the end of the implemented plan. Based on my reading, I’d say that they have potential to complete their deliverable as a functional MVP version of a decentralized news platform which is a completion of phase 1 of DOON within the scope of this proposal. All in all, I agree this project will be auditable in the future. However, if it is possible to add some metrics evaluating the relative impact on Cardano growth or adoption, it would be easier for the community to assess how the success of this proposal is closely aligned with the impact it is seeking. "

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The sources for tracking progress and metrics for project measurement are clearly provided. The sources they use to update the report are the website and Github. And I like how they clearly mention the cycle time the report will be updated to help people follow easier. Their metrics are shown clearly under 3 categories (Research results, Community growth, and Product adoption). To me, these metrics are appropriate to measure their project. The picture of success has been clearly quantified into specific numbers and divided into two levels (good and very good). I really like this presentation. It shows very clearly what the picture of success looks like. And what needs to be achieved to get to that successful picture. Overall, they gave very clear information for the suitability part.

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The proposer offers us very good possibilities to measure the progress of the process. The basis for reporting is a Github page and the project website where all reporting should be linked. Furthermore, the different levels of success are defined in detail. This shows that the team has thought more deeply about the outcome of the proposal. The same applies to the consideration of different risks. Overall, the team seems to be very well prepared and it seems to be important to them to be transparent to the community and to be open about the progress of the project. The metrics presented are well suited to measure the progress and success of the proposal.

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5
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There is a detailed timeline in the proposal. It is also clear from the proposal how and where the community can follow the progress of the proposal. A Github page and website are mentioned, and the team makes a direct statement about how we can track the team's auditing process. A set of measurable metrics is presented. Also, the proposer explains in detail how they define success. What is still missing for me is a good go-to-market approach. The proposer acknowledges this risk, but does not go into enough detail on how it manages risk. Overall, I rate the proposal very positively, and because of the detailed information on implementation and verifiability, I give 5 stars.

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6
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The roadmap is clear and explained in detail with the targets that they are pursuing. The proposer will periodically update their progress, helping the people who are interested in the project understand the development process and feel more excited about project completion. The KPI targets are based on performance and the number of users who will use this project with the number and details provided. With the right team and right skills, this project has a big opportunity to attract potential users to participate in the platform in the future. From the beginning to the end, the proposal gives general, in-depth use cases and schemes that are easy to understand. Going further, it would be a great success for the team if this reputation protocol is interesting for other use cases.

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Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

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z_assessor_3362
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The information in the proposal is very sufficient for a review. Concrete and measurable goals are named. Furthermore, the team offers different ways to measure the progress and success of the proposal. The roadmap appears comprehensive, with detailed milestones and reasonable and sensitive KPIs. I also believe these milestones to fit well within the defined scope of this proposal and understand that given it's a research focused proposal it will be done alongside a longer time horizon, and we will have plenty of time to audit the relative success of this proposal, if funded successfully.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

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z_assessor_3204
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5
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Github address and websites are provided to follow the development of the reputation protocol and other expected outcomes.

Producing a research paper is one of the tasks Doon plans to deliver. But you can’t really say what it’s they will research, they aren’t giving detailed information about what they review or measure. Number of participants given as an expected outcome in a research task (testing variables and hypothesis), but who are the participants, are they respondents to the surveys, if yes what is it they want to learn i.e: the subject of the study.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

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z_assessor_3147
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4
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The list of tasks is very detailed in terms of content, method and duration. Clearly publish KPIs for the community to easily assess the success of the proposal. The cost estimate is also fully proposed for the work to be performed and easy to audit. The Core Team team is really impressive in terms of reputation and experience, this is a highlight to alleviate some doubts about the feasibility of the proposal. DOON website https://www.doon.news looks ready and we hope to have regular code updates on github as promised https://github.com/dominiktilman/doon.news

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

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z_assessor_3073
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4
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There is nothing hidden regarding this proposal. There is a real transparency and a high level of detail across the proposal which leads to a sense of trust in the team. I don't doubt they will progress toward their milestones and communicate clearly with the community how things are going. I commend the proposer for putting together a model proposal. The level of detail and clarity shine through. A clear need, and a clear solution that makes logical sense have been given. They have a timeline that is full, but doable, and have even anticipated problems arising and given themselves extra time. I have no hesitations or reservations. I cannot wait for the day when the dream becomes reality and Cardano is full of functioning projects like these.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

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z_assessor_3016
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7
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The core project team consists of a core team of professionals with years of experience in building startups. This proposition has proven to have a strong team we can afford. check their profile on LinkedIn The proposal also clearly outlines the experiences of each member such as Susanna Chloe the Managing Director of the Consolidation Fund at ICV and a well-known expert in the field of DAO, blockchain, and building startups, Professor Dr. Wolf Hiemeyer he is a professor at the University of Economics in Munich, Thomas Zuchtriegel product & engineering team leader and is successfully involved in various startups and businesses, Vera Stumpp: Graphic Design, Marketing Communications is a marketing consultant specializing in B2B omnichannel design, content creation, and marketing. And there are also venture investors such as Conu21 a startup factory founded to help transform ideas into reality, MetaLamp has an extremely talented team that has developed a wide range of MVPs and products within the Cardano Ecosystem, CatalystSwarm explores and maintains critical community infrastructure to deliver immersive experiences that maximize participation and collaboration within the broader Cardano ecosystem. The project budget applying for funding for this project is $138600. They have also carefully calculated the budget division, the author divided the budget into 5 areas: project management, research, product development, technical development, and additional cost of the budget. The book is clearly defined and proves each item to be spent is divided by day, month, and several hours and the author list in detail the amount of money that needs to be spent for each item. The allocation is enough to show that the project owner is very interested in the success and development of the project.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

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z_assessor_2902
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5
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The team has provided different ways of auditing the progress and success of the project. For publicly accessible channel they both have a website that can give the community access to all relevant documents, links, and reports that are published, and a github where it is possible to follow the ongoing technical development. If they wanted to take it a step further they could add some kind of newsfeed/newsletter or online forum, since they mention in the proposal how they want to be involved a lot with the community and that would create more opportunity and interaction for the community to gain insights or provide opinions. For metrics/KPIs they have a detailed list of sensible factors to keep track of and have also provide numbers for what good/very good numbers would look like at certain points on the timeline, meaning there is an easy way of keeping track of how well the project is progressing. These things are more than sufficient in ensuring an auditable proposal where progress can easily be followed and measured.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

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z_assessor_2448
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5
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In this proposal there is real transparency and attention to detail at a very high level. Milestones are clearly defined and exemplary: Who does what, in what timeframe, what is the outcome and what budget is used for it. There is already a section prepared on the website to track the progress of the project. The KPIs and metrics are clear and measurable. Additional time has even been allocated to the development work. Overall, I think this project has been presented very well and consider it fully traceable.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

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z_assessor_2213
Total QA Ratings
3
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