Please describe your proposed solution

SIKI’s Music Industry Solutions:

• Real-Time Royalties: Pays artists instantly during live streams, solving delayed royalty issues.
• Transparency: Eliminates opacity in royalty distribution, giving artists direct earnings.
• Celebrity Network: Leverages influencers and musicians to drive visibility and break streaming records.
• Engagement: Integrates live music and real-time interactions, boosting audience involvement.

Seamless Onboarding from Web 2 to Web 3:

• Easy Transition: Allows Web 2 users to engage in decentralized music streaming without needing blockchain expertise.
• Cardano Integration: Supports ADA and token-based payments, making Web 3 features accessible.
• User-Friendly: Combines familiar streaming with new NFT and real-time payment systems.

SIKI is transforming the music industry by becoming the only platform that pays artists real-time royalties during live streams. Unlike traditional streaming platforms, SIKI integrates music streaming directly into live broadcasts, allowing creators to earn instantly for every song played and for every viewer in attendance. This real-time payout model eliminates delays and opacity in royalty distribution, providing transparency and creating a scalable revenue model for artists.

A key element in driving this revolution is SIKI’s celebrity network, which includes top-tier influencers, artists, and musicians with millions of combined followers. By leveraging these high-visibility connections, we plan to amplify SIKI's reach and break records in music streaming. The platform's ability to integrate live music and real-time interactions provides an unparalleled opportunity for celebrity-driven streams to reach massive audiences, boosting visibility and listener engagement.

Cardano Integration:

Onboarding Cardano’s blockchain will extend SIKI’s revolutionary system to the Cardano community, enabling Cardano-based payments for music royalties, tips, and subscriptions. This integration will allow Cardano users to participate in the groundbreaking artist revenue model, supporting creators directly during live events with ADA and Cardano-based tokens. The addition of Cardano’s blockchain will further enhance the utility of the platform, creating a seamless Web3 experience for users and creators alike.

Objectives:

1. Cardano Integration: Enable Cardano’s ADA and tokens to be used for real-time royalty payments, tips, and subscriptions on the SIKI platform.
2. Smart Contract Deployment: Implement Cardano smart contracts to manage royalty payments, NFT minting, and music auctions, all executed transparently and in real time.
3. Cross-Chain Expansion: Leverage Cardano’s blockchain to enhance SIKI’s multi-chain utility, offering seamless support for decentralized music streaming.

Key Metrics:

• Successful deployment of Cardano smart contracts for real-time royalties and NFT minting.
• Enable ADA payments for tipping, music auctions, and subscriptions.
• Onboard 10 Cardano-based projects and artists within 6 months.
• Increase platform engagement by 20% through Cardano-based users and projects.

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

Retention and Traction:

• Onboarding Growth: With 1,530 new users per live stream activation, SIKI’s integration with Cardano will further scale user acquisition, aiming to onboard thousands of new Web 2 and Web 3 users.
• Increased Visibility: SIKI’s celebrity network and top influencers will drive record-breaking visibility for artists and projects, boosting audience engagement and streaming metrics.
• High Transaction Volume: SIKI currently handles 80,000 monthly transactions, and the integration of Cardano will increase this by enabling real-time royalties, tipping, and NFT transactions on a decentralized platform.
• Sustainable Engagement: Through social features, live streams, and gamified experiences, SIKI’s platform will retain users, ensuring continued growth in transactions and user engagement.

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?

1. Proven Track Record: SIKI is led by a team with deep expertise in blockchain technology, music, streaming, and Web3 integration

This diverse and capable team ensures that all elements of the project—from blockchain integration to platform scalability—are handled with strategic oversight and operational excellence.

2. Feasibility Validation:

• Existing Platform and Technology: SIKI is already an operational platform, and we have experience in integrating blockchain technologies. Our platform averages 1,530 new users per live stream and is the 3rd most active platform on Hedera, ensuring that the technology stack is well-prepared for Cardano integration.
• Development Milestones: We’ve mapped out clear milestones (e.g., onboarding Cardano’s smart contracts for royalties, NFT auctions) to validate progress. By collaborating with Cardano’s development community and leveraging existing API tools, we can validate each stage of development.
• Community Trust: We maintain close relationships with our users and partners, ensuring ongoing feedback loops. This helps us validate the feasibility and adoption of each new feature.

Our extensive track record of delivering on milestones and growing the user base demonstrates that we can manage this project with high levels of trust and accountability, ensuring the successful onboarding of Cardano to the SIKI platform.

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

Milestone 1: Milestone 1: Integration Roadmap & Smart Contract Framework Development

Deliverables:

• Integration roadmap outlining the steps and resources needed to onboard Cardano.
• Smart contract architecture finalized for royalty payments, NFT minting, and ADA tipping functionality.
• Initial collaboration with Cardano developers for technical support and validation.

Acceptance Criteria:

1. Detailed Presentation on how onboarding works.

Evidence:

• Detailed roadmap and smart contract design document shared with stakeholders in .pdf
• Initial drafts of smart contracts ready for review and feedback.

Milestone 2: Milestone 2: Smart Contract Deployment & ADA Payment Integration

Deliverables:

• Deployed smart contracts on Cardano testnet for real-time royalty payments and tipping.
• ADA payment integration into the SIKI platform, enabling transactions for tipping and subscriptions.
• Testing completed to ensure smooth functionality of smart contracts and payment system.

Acceptance Criteria:

• Demonstration of functional ADA payments and smart contracts on the testnet.

Evidence:

• Testnet logs showing successful smart contract execution in pdf.
• Screenshots or videos demonstrating ADA payments on the platform in mp4.
• Reports detailing testing and validation in .pdf

Milestone 3: Milestone 3: NFT Auction Functionality & Artist Onboarding

Deliverables:

• NFT minting and auction system deployed on SIKI, allowing artists to create and sell NFTs.
• Onboarding of at least 10 artists from both Cardano and SIKI’s existing community.
• Initial marketing campaign promoting NFT auctions and Cardano integration.

Acceptance Criteria:

• Live NFT auctions conducted with artists successfully minting and selling NFTs.

Evidence:

• NFT auction and minting functionality live on the platform shown in .mp4
• Artist profiles and NFT listings screen shots submitted
• Marketing materials and campaign reports showing outreach results both in mp4 and pdf

Final Milestone: Final Milestone: Full Launch, Community Engagement & Project Close-out Report

Objective: Finalize the full launch of the Cardano integration, focusing on community engagement, feedback, and reporting the project's success.

Acceptance Criteria:

• Full integration of Cardano into SIKI with all core features (royalties, NFTs, ADA payments) operational.
• Community engagement activities, including live streams and promotional events, to drive awareness and adoption.
• Completion of the Project Close-out Report and a final video summarizing the project’s impact and metrics.

Evidence:

• Final report and video submitted, including user growth, artist engagement, and transaction analytics in pdf.
• Documentation of community events and marketing efforts in google calendar and pdf.
• Metrics showcasing successful Cardano onboarding, usage, and platform adoption in pdf.

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

Key Team Members:

• Chris Moraites – Founder & CEO
• Developed brands exceeding $1 million in revenue.
• React Fullstack Dev
• Pioneering work in 3D browser-based technology and blockchain.
• Jason Dowd – Co-Founder & Chief Crypto Officer
• Active in the blockchain space since 2016.
• Consultant for metaverse and new token projects.
• Melvin Salas – Lead Mobile Developer
• 14+ years of experience in web and mobile app development.
• Specializes in cross-platform mobile development with a focus on Flutter and Dart.
• Tim Falconer – CTO
• 30-year veteran in software development.
• Specializes in lean-agile approaches and scalable, cloud-based architectures.
• Jaymie Aurora – Talent Development Lead
• Manages creators earning up to $100k per month.
• Creative lead for artist content development.
• Jason Politis – Backend Developer
• Expert in scalable cloud architectures, AWS, Kafka, and big data.
• Proven leader in full-stack development.
• Gianni Cures – Head of Influencer and Artist Relations
• Experienced in marketing and building relationships with influencers and artists.

Advisors:

• Ronnie Exley – Business Development Investor
• Co-founder of RB Venture Partners, former enterprise software CEO.
• Produced global music festivals and owns intellectual property from acquisitions.
• DJ Clue – Advisor
• Celebrated hip-hop figure with a background in radio at Hot 97 and Power 105.1.
• Hosts "Desert Storm Radio."
• Myles Moraites – Co-Founder & Advisor
• Multi-platinum producer and entertainer.
• Worked with major artists such as Beyoncé, Kendrick Lamar, Eminem, and Lil Wayne.
• Nick Gangi – Co-Founder
• Entrepreneur with expertise in Web3, blockchain, and entertainment.
• Secures startup funding and drives tech and entertainment innovation.
• Craig Keys – Advisor
• Heads business affairs for Live Nation’s SME Entertainment Group.
• Serves on boards of AI and blockchain entities in the U.S. and Canada.

Please provide a cost breakdown of the proposed work and resources

1. Development & Integration Costs:

Objective: Ensure smooth integration of Cardano’s blockchain into the SIKI platform for real-time royalties, NFT minting, and ADA payments.

• Smart Contract Development & Integration:
• Cost: 45,000 ADA
• Details: Covers the development and testing of Cardano smart contracts, including real-time royalty distribution, NFT minting, and payment functionality. It includes time allocated for deploying the contracts on the Cardano mainnet.
• Blockchain Infrastructure & Transaction Costs:
• Cost: 5,000 ADA
• Details: Includes blockchain-related expenses such as transaction fees and smart contract deployment costs on the Cardano network, ensuring smooth testing and implementation.

2. Marketing & Community Engagement:

Objective: Drive user and artist adoption, promote the integration of Cardano into SIKI, and build awareness through community engagement.

• Marketing Campaigns:
• Cost: 20,000 ADA
• Details: Funds allocated for digital marketing campaigns, influencer partnerships, and social media outreach. These campaigns will target both Web 2 and Web 3 audiences to increase awareness and adoption of Cardano-powered features on SIKI.
• Artist Onboarding & Community Growth:
• Cost: 10,000 ADA
• Details: Support for onboarding key artists, influencers, and projects from both the Cardano ecosystem and SIKI’s existing network. This includes promotional support, education, and guidance for artists on how to leverage SIKI’s NFT marketplace and real-time royalty features.
• Live Event Promotion & Management:
• Cost: 7,000 ADA
• Details: Funds allocated for organizing and promoting live-streamed events, where artists can showcase Cardano integration. Includes talent fees, event setup, and promotional efforts aimed at driving visibility and engagement.

3. Project Management & Operations:

Objective: Ensure the successful management of the project from development through launch, with clear milestones, transparency, and efficient operations.

• Project Management:
• Cost: 15,000 ADA
• Details: Covers day-to-day project management, including coordinating development, marketing, and artist onboarding efforts. Ensures that the project stays on track with milestones and deadlines.
• Legal & Accounting Services:
• Cost: 8,000 ADA
• Details: Professional services for handling legal agreements, managing contracts with artists, and ensuring compliance with financial and operational regulations. Also covers accounting services to ensure the responsible management of funds.
• Documentation & Reporting:
• Cost: 5,000 ADA
• Details: Creation of comprehensive reports and project documentation. This includes producing the final Project Close-out Report and Video, detailing the project’s success, metrics, and impact on the community.

4. Third-Party Services & Tools:

Objective: Utilize necessary software and third-party services to enhance development, security, and transparency.

• Software Licenses & Tools:
• Cost: 5,000 ADA
• Details: Includes any necessary software licenses, such as tools for NFT management, blockchain analytics, and security features. These tools will aid in smart contract deployment, tracking on-chain activity, and ensuring the integrity of the integration.
• Code Auditing & Security:
• Cost: 5,000 ADA
• Details: Third-party services for auditing smart contracts and security measures to ensure there are no vulnerabilities in the Cardano integration. This ensures the reliability of royalty payments and NFT auctions, safeguarding user trust.

No Dependencies

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

• Development & Integration: The largest portion of the budget is allocated to development and smart contract integration. This cost reflects the industry-standard rates for blockchain developers and smart contract auditors, ensuring high-quality code and secure integration. We’ve benchmarked these costs against typical rates for experienced blockchain developers, ensuring they align with current market conditions.
• Marketing & Community Engagement: Marketing costs are in line with the rates for digital marketing campaigns in the Web3 space. Given SIKI’s large and growing audience, these efforts will drive significant adoption and traction for the Cardano blockchain. The costs for live event promotion are reflective of the platform’s existing success in onboarding 1,530 new users per live stream activation and 80,000 monthly transactions. This reach ensures a high return on investment for promotional efforts.
• Project Management & Reporting: The project management and operations budget ensures that all aspects of the project are delivered on time and meet quality standards. This includes legal and accounting services, which are necessary for contract management and compliance, particularly as the project involves international collaborations.

Value for the Cardano Ecosystem:

1. Increased Transactions & User Adoption: By integrating Cardano, SIKI will introduce thousands of new users to Cardano’s blockchain, driving significant transaction volumes through ADA payments, NFT auctions, and real-time royalty distribution. This creates a new utility for Cardano within the live music streaming and NFT sectors.
2. Cross-Chain Expansion: The project helps solidify Cardano’s position in the growing Web3 space by enabling seamless cross-chain interactions. This integration will enhance the ecosystem's value, bringing new projects, creators, and users into the Cardano network.
3. Scalable Growth: The budget is designed to fuel sustainable growth, ensuring that marketing and development costs are proportionate to the expected increase in platform activity. The resources allocated for artist onboarding, NFT functionality, and real-time payments are essential for driving adoption and long-term platform engagement.