not approved

[MAYZ Protocol] Creating Cardano Funds: Empowering the Cardano Ecosystem

₳75,000.00 Requested
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Community Review Results (1 reviewers)
Feasibility
Value for money
Impact / Alignment
ソリューション

Create a scientific methodology to build Cardano Indexes / Funds to provide diversified and healthy investment options within the ecosystem, addressing the limited choices and lack of diversification.

Problem:

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Limited investment options and lack of diversification within the Cardano ecosystem

Yes Votes:
₳ 16,416,522
No Votes:
₳ 50,353,788
Votes Cast:
240

[IMPACT] Please describe your proposed solution.

Our proposed solution adopts a scientific approach to devise tools and methodologies for the establishment of robust indexes, rankings, and qualifications for assets within the Cardano ecosystem. The predicament we seek to address pertains to the absence of standardized assessment and selection criteria for Cardano assets, thereby rendering it arduous for investors to arrive at well-informed and data driven supported decisions.

Through the creation of these tools, we will provide a systematic framework for assessing Cardano assets based on various factors such as project fundamentals, team experience, technological innovation, community engagement, and market liquidity. By establishing transparent and robust evaluation methods, we aim to guide investors towards high-quality Cardano assets while minimizing the risk of scams, low-value projects, or inefficient investment choices.

Our approach involves leveraging data analytics, machine learning, and expert input to develop quantitative and qualitative metrics for evaluating assets. These tools will provide objective and comprehensive insights into the potential value, risk profile, and growth prospects of Cardano native assets.

We will engage the Cardano community, industry experts, and investors throughout the development process. We will conduct open discussions, seek feedback, and incorporate suggestions to ensure the tools and methods align with the needs and priorities of the ecosystem. By fostering collaboration and transparency, we aim to create a community-driven approach to asset evaluation and selection.

To demonstrate the impact of our solution, we will release the tools and methods as open-source tooling. This will enable the wider community to utilize and contribute to the ongoing development and improvement of the evaluation framework. We will also provide documentation, tutorials, and guidelines to ensure accessibility and understanding of the tools' functionalities.

The unique aspect of our solution lies in the focus on providing standardized evaluation criteria for Cardano assets. By facilitating informed investment decisions, we will not only protect investors but also promote the growth of high-quality projects within the Cardano ecosystem. The tools will benefit investors seeking to diversify their portfolios with Cardano assets, project teams aiming to showcase their value proposition, and the overall health and sustainability of the Cardano ecosystem.

In conclusion, our solution of developing tools and methods for creating healthy indexes, ranking, and qualifying Cardano assets addresses the need for standardized evaluation criteria. By empowering investors with valuable insights and promoting transparency, we contribute to the long-term success and growth of the Cardano ecosystem.

[IMPACT] How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

Our proposed solution directly addresses the challenge of limited investment options and lack of diversification within the Cardano ecosystem. By creating scientific tools and methods to create healthy indexes, rank, and qualify Cardano assets, we aim to provide several benefits to the Cardano ecosystem:

Enhanced Investment Opportunities: Our solution will expand the range of investment options available to individuals within the Cardano ecosystem. By providing standardized evaluation criteria and ranking mechanisms, investors can make informed decisions and diversify their portfolios with confidence.

Attracting New Participants: The availability of transparent evaluation methods and healthy indexes will attract new investors to the Cardano ecosystem. By offering reliable tools for assessing the value and potential of Cardano assets, we create a welcoming environment for individuals seeking to participate in the ADA economy.

Promoting Market Efficiency: Through the creation of standardized evaluation methods, our solution will contribute to market efficiency by highlighting high-quality Cardano assets and promoting their visibility. This will facilitate the discovery of promising projects and stimulate investment flow into the ecosystem.

Risk Mitigation: By providing comprehensive evaluation criteria, our solution will help investors mitigate risks associated with investing in less reputable or low-value projects. This will protect investors' interests and foster a healthier investment environment within the Cardano ecosystem.

Community Collaboration: Our project will actively engage the Cardano community in the development and refinement of the evaluation tools and methods. By soliciting feedback, encouraging discussions, and incorporating community insights, we foster a sense of ownership and collaboration within the ecosystem.

Our solution will attract a significant number of new participants to the Cardano ecosystem, resulting in increased investments and transactions. Within a reasonable timeframe, we aim to have a substantial user base utilizing the evaluation tools, with a positive effect on market liquidity, project funding, and overall ecosystem growth.

Ultimately, our project brings substantial value to the Cardano ecosystem by empowering investors, attracting new participants, promoting market efficiency, and mitigating investment risks. It strengthens the foundation of Cardano by providing reliable evaluation mechanisms, fostering transparency, and facilitating the growth of high-quality projects.

[IMPACT] How do you intend to measure the success of your project?

To measure the success of our project, we will employ a combination of quantitative and qualitative metrics to assess its impact on the Cardano ecosystem. Here are some key measures we intend to track:

Adoption and Usage: We will monitor the adoption rate of our evaluation tools and methods within the Cardano community. This can be measured by the number of users utilizing the tools, the frequency of usage, and feedback from users regarding the effectiveness and value provided. Increasing adoption and positive user feedback would indicate the project's success in providing a valuable solution.

Increase in Diversification: We will track the extent to which our project encourages diversification of investments within the Cardano ecosystem. This can be measured by analyzing the distribution of investments across different Cardano assets before and after the project implementation. An increase in the number of investors diversifying their portfolios would indicate the project's impact on promoting healthier investment practices.

Quality of Selected Projects: We will evaluate the performance and success of projects that have undergone the evaluation process provided by our tools. This can be assessed by considering factors such as market capitalization, user adoption, technological advancements, and community engagement. A higher success rate and positive outcomes for projects selected through our evaluation methods would demonstrate the effectiveness and value of our project.

Community Engagement and Collaboration: We will assess the level of community engagement and collaboration fostered by our project. This can be measured through the involvement of community members in discussions, contributions to the development of the evaluation framework, and participation in workshops or webinars. An active and engaged community would signify the project's ability to build trust, transparency, and collective decision-making within the Cardano ecosystem.

In the short term, our project aims to provide immediate benefits such as increased awareness, improved investment decision-making, and a more diverse investment landscape. These outcomes would contribute to the productivity and growth of Cardano by attracting new investors, stimulating market activity, and supporting the development of high-quality projects.

In the long term, we anticipate that the adoption of our evaluation tools and methods will have a cumulative effect on the Cardano ecosystem. By promoting healthy investment practices, mitigating risks, and supporting the growth of promising projects, our project will contribute to the overall maturity, stability, and attractiveness of Cardano as a blockchain platform. This will foster long-term productivity and sustained growth in the ecosystem.

While some metrics can be quantitatively measured, such as adoption rates and investment distribution, we will also gather qualitative feedback through user surveys, interviews, and community discussions. This qualitative data will provide insights into user satisfaction, perceptions of the evaluation process, and the overall impact of our project on the Cardano ecosystem.

In conclusion, our project's success will be measured through a combination of quantitative metrics, such as adoption and diversification rates, and qualitative indicators, such as user feedback and project outcomes. The realistic assessment of these measures will provide a comprehensive evaluation of our project's impact on Cardano's productivity, growth, and the overall well-being of the ecosystem.

[IMPACT] Please describe your plans to share the outputs and results of your project?

We have a comprehensive plan to share the outputs and results of our project to ensure broad dissemination and maximize the impact on the Cardano ecosystem. Here are our key strategies:

Documentation and Reports: We will create detailed documentation, including a comprehensive report, outlining the methodologies, tools, and evaluation criteria developed during the project. This documentation will be made publicly accessible, allowing stakeholders, community members, and researchers to understand and utilize the outputs of our project.

Open-Source Repository: We will establish an open-source repository to host the codebase, algorithms, and software tools developed as part of our project. This repository will serve as a central hub for the Cardano community to access, contribute, and build upon the project's outputs. By adopting an open-source approach, we encourage collaboration and further development of the evaluation tools and methods.

Workshops, Twitter Spaces and Discord Meetings: We will organize workshops and spaces targeted at the Cardano community, investors, and industry stakeholders. These events will provide an opportunity to showcase the project's outputs, demonstrate the functionality of the evaluation tools, and engage with participants to gather feedback and insights. Through interactive sessions, we aim to foster understanding, collaboration, and knowledge sharing.

Community Engagement: We will actively engage with the Cardano community through forums, social media platforms, and relevant community channels. We will share regular updates on the project's progress, milestones, and key findings, encouraging community members to participate, provide input, and leverage the outputs of the project for their own initiatives.

Research Collaboration: We will actively seek opportunities for research collaboration with academic institutions, blockchain research organizations, and industry experts. By sharing our project's outputs and engaging in collaborative research activities, we can contribute to the advancement of blockchain research and development. The results generated from our project will serve as valuable inputs for further research in asset evaluation, investment strategies, and ecosystem development.

By implementing these strategies, we aim to spread the outputs and impact of our project over a reasonable timescale, ensuring wide accessibility and utilization of the evaluation tools and methods. We will actively seek partnerships and collaborations to leverage the results generated from our project and drive further research and development activities that contribute to the growth and sustainability of the Cardano ecosystem.

In summary, our plans involve the creation of documentation and reports, establishment of an open-source repository, organization of workshops and webinars, community engagement, and research collaboration to effectively share the outputs and results of our project. By disseminating the knowledge, tools, and methodologies developed, we aim to create opportunities, spark innovation, and contribute to the continued development of the Cardano ecosystem.

[CAPABILITY/ FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability?

We are part of MAYZ team, a solid project on Cardano, that has partnerships with the best projects on Cardano Ecosystem, like NMRK, TxPipe, Encoins, Osmium DAO, Tosi Drops, GoKey, Token Allies and others.

We possess the necessary capabilities to deliver our project with high levels of transparency and accountability. Our team members have been actively involved in the blockchain industry for several years, with a specific focus on Cardano. We have contributed to various Cardano projects, held leadership roles in blockchain organizations, and engaged with the Cardano community. This hands-on experience gives us a deep understanding of the ecosystem and its dynamics, enabling us to deliver a project that addresses the specific needs of Cardano users.

We have a strong background in evaluating blockchain projects and investments. Our team members have been involved in assessing the technical, economic, and community aspects of Cardano assets, contributing to the development of evaluation frameworks and investment strategies. This expertise ensures that our project will implement robust evaluation criteria and methodologies, instilling trust in the process and outcomes.

Our team includes individuals with project management experience in the blockchain industry. We have successfully managed and delivered projects in various capacities, including business development, community leadership, and open-source contributions. Our track record of completing projects on time and within budget demonstrates our ability to effectively manage resources and deliver tangible outcomes.

We value transparency and accountability in project management. To ensure proper fund management, we will implement rigorous financial management practices, including budget tracking, expense reporting, and regular updates to stakeholders. We will maintain clear documentation of project expenses and adhere to financial reporting standards. By maintaining open and transparent communication, we will build trust and accountability with the Cardano community.

[CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?

Develop and Implement Evaluation Tools:

Our primary objective is to develop and implement tools and methods for evaluating Cardano assets. This includes creating quantitative and qualitative metrics, establishing evaluation criteria, and designing user-friendly interfaces for asset evaluation.

Validation: We will validate the feasibility of our approach by conducting rigorous testing and iterative refinement of the evaluation tools. User feedback, usability studies, and expert reviews will be utilized to ensure the effectiveness and reliability of the evaluation process.

Community Collaboration:

We aim to foster collaboration within the Cardano community by actively engaging stakeholders in the development of the evaluation tools and methodologies. This includes soliciting feedback, hosting workshops, and encouraging community contributions to improve and refine the evaluation framework.

Validation: The success of our community engagement efforts will be measured through the level of participation, feedback received, and the incorporation of community suggestions into the final version of the evaluation tools. The quantity and quality of community contributions will indicate the extent of collaboration achieved.

Enhance Investor Decision-Making:

Our goal is to empower investors within the Cardano ecosystem by providing them with reliable and transparent evaluation methods. We aim to improve investor decision-making by offering objective insights into the quality, potential, and risks associated with Cardano assets.

Validation: The impact of our project on investor decision-making will be assessed through surveys, interviews, and user feedback regarding the usefulness, effectiveness, and impact of the evaluation tools. We will also monitor changes in investment patterns, such as increased diversification and informed investment decisions, as an indication of improved decision-making.

For the technical implementation of our approach, we will leverage our team's expertise in blockchain technology, data analytics, and software development. We will utilize data analysis frameworks, and open-source libraries to build the evaluation tools and ensure their seamless integration with the Cardano ecosystem. Continuous testing, refinement, and feedback loops will be employed to enhance the technical implementation and optimize the user experience.

In conclusion, our project goals revolve around the development and implementation of evaluation tools, fostering community collaboration, and enhancing investor decision-making within the Cardano ecosystem. The feasibility of our approach will be validated through testing, user feedback, community engagement, and monitoring changes in investor behavior. The technical implementation will leverage our team's expertise and follow best practices in software development to ensure a robust and user-friendly solution.

[CAPABILITY/ FEASIBILITY] Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

1: Development of Evaluation Framework and Metrics

Research and analyze existing evaluation frameworks and methodologies in the blockchain industry.

Define evaluation metrics and criteria for Cardano assets, incorporating quantitative and qualitative factors.

Design a comprehensive evaluation framework that aligns with the unique characteristics of the Cardano ecosystem.

Completion of a detailed evaluation framework document and metrics definition.

2: Implementation of Evaluation Tools

Develop the necessary software tools and interfaces to implement the evaluation framework.

Conduct testing and iterations to refine the usability and functionality of the evaluation tools.

Integrate the evaluation tools with the Cardano ecosystem, ensuring seamless compatibility.

Functional and user-friendly evaluation tools ready.

3: Community Engagement and Collaboration

Organize workshops and webinars to gather feedback and insights from the Cardano community.

Establish channels for community collaboration, such as forums or dedicated discussion platforms.

Incorporate community feedback and suggestions to refine and improve the evaluation tools and framework.

Active community engagement, documented feedback, and integration of community-driven improvements.

4: Pilot Testing and Iterative Refinement

Conduct a pilot testing phase with a select group of users and investors.

Gather user feedback, identify areas of improvement, and make iterative refinements to the evaluation tools.

Finalize the evaluation tools based on user feedback and refine the documentation.

Positive user feedback, successful pilot testing, and final version of the evaluation tools ready for wider deployment.

5: Dissemination of Outputs and Knowledge Sharing

Prepare comprehensive documentation, including a report, user guides, and technical documentation.

Organize workshops, AMA, Discord Events, to share the project's outputs and educate users about the evaluation tools.

Publish open-source codebase, evaluation framework, and related materials on appropriate platforms.

Public availability of comprehensive documentation and successful dissemination of project outputs.

[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.

1: Development of Evaluation Framework and Metrics

  • Deliverables: A detailed evaluation framework document outlining the criteria, metrics, and methodologies for evaluating Cardano assets. This document will provide a comprehensive guide for assessing the quality and potential of projects within the Cardano ecosystem.
  • Outputs: The outputs of this milestone will be the finalized evaluation framework document, including the defined evaluation metrics and criteria.
  • Intended Outcomes: The intended outcome of this milestone is to establish a solid foundation for evaluating Cardano assets. The evaluation framework will provide a standardized and transparent approach to assess the quality, potential, and risks associated with Cardano projects.

2: Implementation of Evaluation Tools

  • Deliverables: Functional software tools and user interfaces for implementing the evaluation framework. This includes a user-friendly platform where users can input project details and receive evaluation scores based on the defined metrics.
  • Outputs: The outputs of this milestone will be the developed software tools and interfaces that enable users to utilize the evaluation framework effectively.
  • Intended Outcomes: The intended outcome of this milestone is to provide users with practical tools to evaluate Cardano assets. By implementing the evaluation framework into user-friendly software, we aim to empower investors and stakeholders with the ability to make informed decisions and assess the quality of Cardano projects.

3: Community Engagement and Collaboration

  • Deliverables: Documentation of community feedback, suggestions, and discussions gathered through workshops, webinars, and community channels. This will include a report summarizing the community engagement process and incorporating valuable insights into the evaluation framework.
  • Outputs: The outputs of this milestone will be documented feedback, suggestions, and improvements derived from the community engagement activities.
  • Intended Outcomes: The intended outcome of this milestone is to foster collaboration and incorporate diverse perspectives into the evaluation framework. By engaging the Cardano community, we aim to create a framework that reflects the needs and priorities of stakeholders, ensuring its relevance and effectiveness.

4: Pilot Testing and Iterative Refinement

  • Deliverables: A report summarizing the results of the pilot testing phase, including user feedback, identified areas of improvement, and refined versions of the evaluation tools. This report will outline the changes made to enhance the usability, accuracy, and overall performance of the evaluation framework.
  • Outputs: The outputs of this milestone will be the refined evaluation tools based on user feedback and the report detailing the outcomes of the pilot testing phase.
  • Intended Outcomes: The intended outcome of this milestone is to validate and improve the evaluation tools through real-world testing and user feedback. The refined tools will offer an enhanced user experience and more accurate assessments of Cardano assets.

5: Dissemination of Outputs and Knowledge Sharing

  • Deliverables: Comprehensive documentation, including a report, user guides, technical documentation, and open-source codebase. These materials will be made publicly accessible and will serve as resources for users, investors, and the broader Cardano community.
  • Outputs: The outputs of this milestone will be the publicly available documentation, including the report, user guides, technical documentation, and the open-source codebase.
  • Intended Outcomes: The intended outcome of this milestone is to share the outputs of the project and educate the Cardano community about the evaluation framework and tools. By disseminating the documentation and open-source codebase, we aim to facilitate the widespread adoption and utilization of the evaluation tools, contributing to informed decision-making and the overall health of the Cardano ecosystem.

To track the project's progress, we will measure several key indicators:

  • Completion and approval of each milestone's deliverables, such as the evaluation framework document, functional software tools, community engagement report, refined evaluation tools, and comprehensive documentation.
  • User feedback and engagement levels gathered through workshops, webinars, and community channels, indicating the level of community involvement and collaboration.
  • Adoption and usage of the evaluation tools, including the number of users, frequency of usage, and feedback on user satisfaction and perceived value.
  • Changes in investor behavior and investment patterns, such as increased diversification and informed investment decisions, which reflect the impact of the project on the Cardano ecosystem.

These measurements will provide insights into the project's progress, effectiveness, and achievement of intended outcomes, allowing us to make informed adjustments and refinements throughout the project's lifecycle.

[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.

Milestone 1: Development of Evaluation Framework and Metrics

  • Research and analysis: ₳ 4,000
  • Documentation and framework design: ₳ 3,000
  • Total Cost: ₳ 7,000

Milestone 2: Implementation of Evaluation Tools

  • Tools development: ₳ 20,000
  • Usability testing and iterations: ₳ 5,000
  • Integration with Cardano ecosystem: ₳ 8,000
  • Total Cost: ₳ 33,000

Milestone 3: Community Engagement and Collaboration

  • Workshops and webinars: ₳ 2,000
  • Community collaboration platforms: ₳ 2,000
  • Documentation of feedback and suggestions: ₳ 2,000
  • Total Cost: ₳ 6,000

Milestone 4: Pilot Testing and Iterative Refinement

  • Pilot testing phase: ₳ 5,000
  • Refinement based on user feedback: ₳ 5,000
  • Total Cost: ₳ 10,000

Milestone 5: Dissemination of Outputs and Knowledge Sharing

  • Documentation preparation: ₳ 3,000
  • Workshops, webinars, and community events: ₳ 3,000
  • Publication and open-source platform: ₳ 3,000
  • Total Cost: ₳ 9,000

Additional Budget Elements:

  • Project management: ₳ 8,000
  • Reports and documentation: ₳ 2,000
  • Total Cost: ₳ 10,000

Total Project Cost: ₳ 75,000

[RESOURCES & VALUE FOR MONEY] Who is in the project team and what are their roles?

Diego Torres - Economics and Data Analysis

LinkedIn: Diego Torres

Experience: Diego has a strong background in blockchain and extensive experience in project management. He has been actively involved in the Cardano ecosystem as a core team member at Mayz and a Cardano Ambassador. His expertise in business development and team leadership will ensure the successful execution of the project.

He has been working on Data Science for more than 10 years, and he is a Professor at Economics University in La Plata.

Diego Macchi - Business Administration.

LinkedIn: Diego Macchi

Experience: Diego has been actively involved in the Bitcoin and Cardano communities since 2019. He has contributed to projects such as AnetaBTC and Yamfore. With his experience in business development and his deep understanding of the Cardano ecosystem, Diego will play a key role in establishing partnerships and driving the project's growth.

Diego has a strong knowledge in Business Administration.

Federico Ledesma Calatayud - Technical Development

LinkedIn: Federico Ledesma Calatayud

Experience: Federico is a skilled business manager with extensive experience in the crypto industry since 2013. He has been an active stake pool operator (SPO) of 1MATE and a Cardano Ambassador, he brings a wealth of project management knowledge to ensure the successful implementation of the project.

Agustín Franchella - Project Manager

LinkedIn: Agustín Franchella

Experience: Agustín has been involved in the Cardano community for several years and has contributed to various open-source projects. He is a co-founder of RatsDAO, a Cardano Ambassador. With his deep understanding of blockchain technology and project management skills, Agustín will contribute to the successful delivery of the project.

[RESOURCES & VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

The costs have been determined based on a balance between the project's complexity, the expertise required, and industry standards. It is essential to consider the long-term value and impact the project will bring to the Cardano ecosystem, making it a worthwhile expenditure of resources.

Some team member participations won't be taken into account because of cost reductions.

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