How does the cost of the project represent value for money for the Cardano ecosystem?
The budget for Brailie's project has been meticulously planned to ensure each ADA allocated maximizes value for the Cardano ecosystem, particularly in underrepresented regions of Africa and Latin America.
The total budget of 100,000 ADA encompasses comprehensive activities from hub establishment to expansive marketing and strategic expansion.
Here's how we ensure value for money:
- Proportional Costs: The costs related to facility leasing, staff salaries, and marketing activities have been benchmarked against local economic conditions in the targeted regions. Salaries are set according to the local average for tech and marketing professionals, ensuring competitive compensation that supports community livelihoods while maintaining budget efficiency. For instance, the average monthly wage for skilled tech staff in these regions ranges from 500 to 1,500 ADA, aligning with our allocation for staff costs.
- Efficient Allocation: The project's expenditure is strategically distributed across three major milestones to maintain focus and efficiency:
- Establishment and Operation of Hubs: Significant initial investment in infrastructure ensures the hubs are well-equipped to serve their purpose, maximizing the impact of face-to-face interactions and hands-on workshops.
- Marketing and Outreach: Investment in localized marketing campaigns is crucial to increase Cardano's visibility and adoption, thus expanding the blockchain's user base and fostering a supportive community.
- Evaluation and Expansion: Funds allocated for impact assessment and planning for additional hubs ensure the project’s sustainability and scalability, critical for long-term impact.
Direct Benefits to Cardano: By focusing on education and adoption, the project directly contributes to expanding the Cardano network, enhancing the blockchain's utility, and fostering a robust ecosystem. Each ADA spent is aimed at creating lasting community value, increasing the number of active users, and developers on the Cardano platform.
- Sustainable Impact: The project's outputs, including educational materials and community development strategies, will remain as long-term assets within the community. These resources will continue to generate value beyond the lifecycle of the current funding period.
- Transparency and Reporting: Regular financial and progress reports will ensure that all stakeholders are updated on how funds are used, reinforcing accountability and trust in the management of the allocated resources.