[IMPACT] Please describe your proposed solution.
Information on the project owner’s website, Telegram, Discord, and Twitter is usually one-way, dominated by project owners. Information that is correct but detrimental to the project will often be discarded. At the DCOne Crypto website, content will be contributed by both the project owner and the community. This interaction makes information more decentralized.
Users in addition to receiving updated information from project owners, they can also analyze, evaluate, and compare projects with each other publicly.
Updated information about the project can be notified to the phone or computer via messages, emails depending on the user’s needs.
Website is built on a multilingual platform, accessible to more users.
Users quickly look up information from integrated tools on Telegram and Discord:
- Notifications Push Mobile
- Notify bot Telegram, Discord
- Check balance via Telegram bot, Discord
- Look up transaction history via Telegram bot, Discord
- Data stream
- AWS Data Streams
- Webhook
Cardano-based projects will also benefit from reaching the community, especially potential people for new projects.
[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.
The product DCOne Crypto website provides better alternatives over current centralized providers like the project owners’ Website, Telegram, discord.
- Content will be contributed by both the project owner and the community. This interaction makes information more decentralized
- Project owners connect directly with the community
The product DCOne Crypto Website provides free tools that improve the end-user experience on the Cardano Ecosystem
[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
Risk: Server failure
Solution: running 2 servers in 2 different countries at the same time
Risks: unexpecting expenses during implementation
Solution: reserve 2000$ for this
Challenge: competing with traditional channels such as project website, Tele channel, discord of each project
Solution: DCOne Website is a more decentralized channel, both project owners and users could equally contribute content to the website.
Challenge: bots spam messages on the website
Solution: admins delete spam content, and contents are not related to the project information.
[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.
DCOne Crypto is a long-term plan, including building an SDK data warehouse for programmers. In the long term, it is possible to consider issuing a project governance token, collecting user fees to maintain and develop the project.
Total implementation time for this proposal: 16 weeks
Detailed plan and timeline:
Week 1 :
- Website construction and design - System Website, Design, Architecture, Bot
- Building interface system design
- Building website architecture design
- Marketing campaign to connect the project owner & attract the attention of the community
Week 2 -4:
- Build documentation specification to connect REST API, Webhook, Email, Notify, Android, IOS
Week 5-7:
- Management system for Project owner accounts
- Management system for Users
Week 8-9:
- Website management, monitoring and security system
- Marketing campaign to connect the project owner & attract the attention of the community
Week 10:
- Comment system on website
Week 11-12:
- Community voting, ranking and scoring system for the projects on the Cardano ecosystem
Week 13:
- Notification system for changing balance of Cardano wallet
- Marketing campaign to connect the project owner & attract the attention of the community
Week 14-15:
- The bot system announces the project owner’s project information, events, NFT, IDO, ICO … on Telegram, Discord chat group
Week 16:
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Bot system to look up the exchange rate of tokens on Cardano
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The bot system tracks the whale wallets transaction history
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Bot system to look up TVL, MarketCap, Pool
[FEASIBILITY] Please provide a detailed budget breakdown.
Detailed budget breakdown
Expenses for staff:
Technical Project Lead: $450/week * 16 weeks = $7200
Front-end Developer: $250/week * 2 weeks = $500
Full-stack Developer: $350/week * 16 weeks = $5600
Developer IOS, Android: $400/week * 2 = $800
Devops / Systems Administrator: $300/week * 16 weeks = $4800
Community Manager (Conecting projects owners): $150/week * 16 weeks = $2400
Marketing expense: $1000/campaign * 3 campaigns = $3000
Cost of server (System infrastructure, Disaster recovery capabilities, Security Azure): $2000 *2 = $4000
Backup cost: $2000
Total cost: $30300
[FEASIBILITY] Please provide details of the people who will work on the project.
Team of programmers with over 10 years of experience, for 6 years working together in the field of Blockchain & Crypto.
Technical Project Lead:
- Twitter: https://twitter.com/cuongLuu3535
- Linkedin: https://www.linkedin.com/in/cuong-quoc-516147117/
- Telegram: https://t.me/Cuongluu
Developer Full Stack:
- Twitter: https://twitter.com/dconeservice
- Telegram: https://t.me/DCOneService
Devops/System
- Twitter: https://twitter.com/lecong290398
- Linkedin: https://www.linkedin.com/in/cong-le-099235142
- Telegram: https://t.me/lecong290398
Developer IOS, Android: Part-time
Designer/Frontend Developer: Part-time
[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.
Yes because DCOne Finance is a long-term project. We need funds to develop more features, attracting not only the community to participate but also project owners, developers.
If we do not get funding from Catalyst, we will continue to implement our project as we are doing, but the progress will be slower.
[AUDITABILITY] Please describe what you will measure to track your project’s progress, and how will you measure these?
We will follow the detailed plan as above. The KPIs for our project are as follows:
- The number of projects updated on the website / the number of cooperative project owners
- Number of website users
- Number of times each tool & bot was used
The community can check the completion of the work in the following way
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Direct access to the project website
-
Visit the project’s github
-
Any major updates will be announced on the project’s Telegram and Twitter channels
-
Communicate directly with the project team through the above channels
[AUDITABILITY] What does success for this project look like?
Number of projects updated on the website / number of cooperative project owners:
- 100 after 1 month
- 200 after 3 months
-
500 after 6 months
Number of website users
- 500 after 1 month
- 5000 after 3 months
-
=10000 after 6 months
Number of times using the tool: 1,000 times/month
[AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.
This is a new project