How does the cost of the project represent value for money for the Cardano ecosystem?
The budget for this project has been carefully considered to ensure maximum value for the Cardano ecosystem while maintaining a lean and efficient development process. The costs outlined are based on competitive industry rates for blockchain development, smart contract auditing, and community engagement.
Development Costs:
The rates for smart contract, front-end, and back-end development reflect average industry standards, especially considering the technical complexity of integrating Zero-Knowledge Proofs (ZKP) and the Midnight Network.
These are specialized skills, and the ₳40,000 allocated for development is proportional to the complexity of the DApp and comparable to the rates found in similar blockchain projects.
Security Audits:
Smart contract audits are critical for ensuring the security of decentralized applications. The ₳7,000 allocated for audits is in line with smaller auditing firms and tailored to the specific scope of this project. Given the importance of ZKP functionality, this is a necessary investment to maintain trust and security within the Cardano ecosystem.
Community Engagement:
A portion of the budget is dedicated to engaging the Cardano community through feedback and testing. This approach fosters collaboration and encourages the ecosystem’s growth by involving stakeholders in the development process. By allocating ₳3,000 for engagement and testing incentives, the project aims to increase adoption and receive valuable feedback that will improve the final product.
Miscellaneous Costs:
The administrative costs, including documentation and final video production, are kept to a minimum, with a total of ₳5,000, ensuring that most of the budget is allocated toward core development and security.
Overall, the total requested funds of ₳65,000 are proportionate to the project’s objectives, aligning with industry standards while ensuring that the Cardano community benefits from the successful delivery of an innovative and secure DApp.