Please describe your proposed solution
<u>Problem Statement</u>:
- The primary issue we’re addressing is the high entry barriers and lack of accessible support services for early-stage projects within the Catalyst ecosystem.
- Many projects struggle to get the essential legal, marketing, and ecosystem guidance they need due to the high costs and complex engagement models typically associated with these services. This limits their growth potential, hinders their ability to contribute meaningfully to the Cardano ecosystem, and reduces the overall success rate of funded projects.
<u>Solution:</u>
Storm, our full-stack Web3 consultancy, aims to solve this by offering on-demand, low-commitment support services across three key areas—legal, marketing, and ecosystem development. By providing guidance and handholding at a significantly reduced rate, we lower the entry barriers and empower projects to navigate the complex landscape more effectively.
- imp: Projects avail services in the "freemium" model. The first 2-3 hours of service is set-off as part of the Grant and anything beyond that shall be billed to the project directly.
- We charge $180/ hr, which is 64% lower than our regular base hourly rates for the similar services.
<u>Why Our Approach:</u>
- We believe accessibility is key to fostering innovation and inclusivity in the ecosystem. Our approach revolves around a low-commitment, hourly engagement model.
- Projects can receive targeted support for 2-3 hours at a time, which ensures that even the most resource-constrained initiatives can access quality expertise without long-term financial obligations.
<u>Engagement Model & Services</u>
We will engage Catalyst-funded projects at any stage of their lifecycle, whether they need foundational support for project setup or strategic guidance for growth and scaling. The support services will be divided into three categories:
- Legal Support
- Foundation Relocation
- Contracts & T&Cs
- Compliance Resolution
- Incorporation Consultancy
- Marketing Support
- Brand and Social Audits
- Rebranding Strategies
- Community Audits
- Growth Marketing
- Ecosystem Support
- Listing Advisory
- Market Making
- Tokenomics Design
- Builder Outreach & Business Development
- PR & Media Strategies
- Institutional Adoption & Liaison Support
<u>Demonstrating Impact</u>:
We will track the success and impact of our engagement through:
- Project Documentation: All support provided will be documented and made publicly available (with sensitive data redacted) to ensure transparency and accountability.
- Metrics and KPIs: We will establish KPIs to measure project success, such as increased community engagement, compliance rates, successful listings, and media coverage.
<u>Uniqueness & Importance to Cardano</u>:
What sets us apart is our commitment to accessibility and community empowerment. By offering high-quality consultancy services at a reduced rate, we aim to reduce the financial burden on new projects and provide them with critical support to navigate complex challenges. This initiative will enhance the success rate of Catalyst-funded projects, increase ecosystem participation, and drive sustainable growth for the Cardano community.