Helps you keep ADA longer

[IMPACT] Please describe your proposed solution.

See the statistics table above if you are a long-term holding investor. Are you amazed by the number of profits you can get if you hold your coins for long?

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If you had $ 1,000 in ADA in 2017 and you kept it for 4 years, you would have made 113 times more profit. You now have a portfolio of $ 113,000.

But that is nothing. If you look at ETH if you invested in $ 1,000 when ETH started to build and as the ETH ecosystem grows, the return will be 7,766 times and you will now own a portfolio of 7,766,000. $

So do you want to become a millionaire with the ADA?

WHAT IS THE PROBLEM

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Many investors see the growth potential of ADA, but they can't hold ADA long enough for 2, 3, or 5 years until the ecosystem explodes. They lose their chance to become a dollar millionaire with the ADA because they are affected by factors such as news, price movements, fear of falling prices, and fear of ADA prices not rising.

SOLUTION

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Design a smart contract. Investors can manually lock the ADA number in their wallet according to the time they choose. This will allow investors to hold ADA until the ecosystem explodes like those who have long held ETH. Then, investors who hold ADA for a long time will become millionaires.

USE CASE

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Investors who believe in ADA and want to hold ADA for long for 2, 3, 5 years and beyond

PRODUCT BUILDING PROCESS

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Write smart contracts
Interface design and construction help users use smart contracts to lock ADA in their wallets

FINISHED PRODUCT

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It is easy for investors to lock the ADA in their wallets according to the interval they choose within 10 seconds.

BENEFIT

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Helping to increase the number of loyal investors
Help stabilize ADA price, and many developers will rely on product development for ADA

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

This is a revolutionary initiative to bring blockchain to life, which the Cardano ecosystem aims for—helping many users will get used to using NFT or blockchain in life.

At the same time, this proposal will help motivate members to contribute more knowledge and experience on wikicardano.io platforms. Helping the Cardano community in Vietnam develop in both quantity and quality.

If this proposal is successfully implemented, many other projects will have more motivation and confidence to bring blockchain to life.

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

Potential risks:

The user interface that interacts with the smart contract is deactivated
ADA slippage leads to inadequate operational costs for the team

The solution to the risks:

The risk of a user's page interacting with the smart contract being closed. We will have plans to store data and source code on Cardano's blockchain. When Cardano existed, the ADA lock and unlock UI still existed. However, this will happen about 6-12 months after Cardano's web3 model data storage technology is up and running.
In the case of ADA slippage. Our team has a lot of experience on this so we suggest an additional 10% of the budget with the money …

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

We expect this project to be in place in 4 months.

Work plan and assignment (Mr.Tuan Anh - 7 days)
Programming smart contract (Mr. Hoi - 30 days)
Programming user interface to interact with the contract (Mr. Hoi - 10 days)
Running tenet (Mr. Hoi - 10 days)
Put the application into operation (Mr. Hoi - 10 days)
Communication products to the community and attract investors to use (Mr.Tuan Anh - 30 days)

[FEASIBILITY] Please provide a detailed budget breakdown.

(1). Project management costs include planning, assigning, and monitoring project progress: 500$

(2). Cost of writing smart contracts: 70$*70h = 4.900$

(3). Cost of interface design investors interacts with smart contracts: 30$*5h= 150$

(4). Cost of user interface programming: 50$*20h = 1.000$

(5). Storage costs: 300$*5 = 1.500$

(6). Cost of advertising to attract users: 1.500$

(7). The ADA provision for slippage is equivalent to 10% of the total budget: 950$

Total

(1)+(2)+(3)+(4)+(5)+(6)+(7)=10.500$

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

We are comprised of 2 core members

1.Team leader - Mr. Tuan Anh

Facebook: <https://www.facebook.com/tuananh.le.1694059/>

Linkedin: <https://www.linkedin.com/in/le-tuan-anh-352143156/>

Telegram: https://t.me/tuan_anh_nam_dinh

Tasks**:** Build ideas, Design structure, plan work, assign tasks to team members, recruit, communicate, and attract new users.

Experience:

- 10 years of experience in building websites and digital advertising for small and medium businesses

- More than five years of experience in blockchain financial research and investment

- Leader of Jaguar - Specializes in research and analysis of projects on Cardano

Source:

https://baodom.net

2.Technical Lead – Mr. Hoi

Linkedin: <https://www.linkedin.com/in/hoiln-dev/>

Tasks: Full-Stack Web Developer, write smart contracts.

Experience:

7 years of Full-Stack programming experience
2 years of solidity programming experience
In the process of completing the Plutus Pioneer Program

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

No.

Because this is a complete product and does not require additional capital. If I need the cost of maintaining a data storage service, I will ask for support from the community of people who already use this product.

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

With the experience of a manager and at the forefront of a business with 100 employees and many large projects. I am very confident that I will complete the project on schedule.

We schedule assignments and work items for our members daily and measure completion.

Let's say any of the members are performing behind schedule. I will prompt and find out the cause to resolve this issue.

We currently have only one project in progress, so the workload is not too large and comfortable.

Finally, all the work we have done and completed is updated on the project's notification channel for the community to keep track of progress.

Example: Make learn Cardano easier

Telegram: https://t.me/wikicardanovietnam

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

What we hope is the benefits that this idea will bring to the community

The number of ADA locks is more.
More investors will be loyal to Cardano.
Helping many investors will change their lives because of the long-term ADA decision

Detail goal:

30 users per month
Lock 30,000 ADA per month

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

bookmarked!