What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?
How do you intend to measure the success of your project?
We create a completely new betting platform based on the Cardano blockchain combined with the special features of WEB3. Our expectation is to make the ADABET platform truly decentralized, and the assets of users get integrity on the blockchain. This platform will bring the property ownership experience to players, and the right to preserve the identity of bettors, it is really useful on a betting platform that needs to ensure the highest reputation. In the future, the development team is ambitious: the ADABET platform has the ability to replace the current betting platforms.
It is certain that Cardano blockchain technology applied with a betting platform is an outstanding advantage, it combines web3, dApp. This will help expand the number of users as well as the number of people interested in Cardano's dApps.
When the project enters the marketing and release phase, we believe that many investors will be interested, and especially with the betting community, it is a worthy betting platform to experience development based on blockchain technology.
Make sure the benefits to the user, Cardano community are defined as:
- This is the first project on sports betting written on the Cardano platform, contributing to the richness of dApps in the Cardano ecosystem.
- Safe and secure assets on Cardano blockchain build up on ADABET dApp platform.
- Transaction identity is completely confidential.
- The benefits of decentralization and community self-governance and support together.
- Fast deposit and low fee asset transactions based on Cardano blockchain transactions, customers only wait a few seconds for the transaction to complete.
- The success of ADABET dApp platform is to provide the best user experience, both in terms of technology, convenience, and asset safety.
The KPIs for the project to go straight to solving the problem are:
- The number of transactions extracted and statistics from ADA holders in ADABET platform.
- The number of accounts registered in ADABET.
- The number of regular players on the platform.
- The number of tokens $ABE released and investors.
- The number of wallets that integrate and connect to the platform.
- The number of agents registered in ADABET platforms.
- The number of assets of users deposit in the platform.
- The number of developers participating in contributing APIs
- The number of games created.
- The number different types of native tokens are added in the platform like ADA, DJED, ABE, COTI…
- The number of tokens to be swapped in the platform.
- The number of matches listed on the platform.
- The number of active users by monthly, daily.
Please describe your plans to share the outputs and results of your project?
Share output & Business plans:
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When the project is completed, the ADABET.iO dApp will be distributed for free on the Cardano community. Anyone can register to play on the platform, deposit and withdraw money on their wallet. Developers can consult and take advantage of the APIs source code on the project's GitHub.
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In the immediate future, we focus on the customer base including ADA holders, Cardano Native tokens and sports betting lovers.These are customers who are related to the target users of the product as well as knowledgeable about the product, we will not spend a lot of resources to train users.
What is your capability to deliver your project with high levels of trust and accountability?
Answer:
===== Experience and capacity in project implementation =====
We are IT experts, software engineer with 17years+ startups in the field of Mobile App, Mobile Game and internet entertainment content. Our team also has experts in Security, Cloud computing, AI, Blockchain. Besides, there is cooperation with online digital marketing partners.
Our team has worked together for many years, so there is a high degree of consistency and harmony, so the fluctuation in personnel is minimized. In addition, we always recruit people who are passionate about developing and learning Cardano technology to the project team.
I have over 3 years working on Cardano and Catalyst funded projects in F7, F8, F9 having completed projects delivered along with projects in development and achieved milestones. Experiencing roles in the funding process for a project such as SPO, CA, PA, Proposer, I have experience and appraisal of projects in catalyst. As a project owner, I have extensive experience and confidence in managing finances, project schedule and personnel for a successful project.
Proposer funded in F7, F8, F9 (ADABET.iO | Sports Betting DApp <https://cardano.ideascale.com/c/idea/63786>, IronSky game P2E (<https://cardano.ideascale.com/c/idea/60944>), cBlling Cardano DApp(<https://cardano.ideascale.com/c/idea/62678>), Bwork) proposals
===== Financial management process =====
- We have an excel file with the list and information of employees.
- A monthly employee salary sheet.
- One Clickup account to manage employee's tasks.
- A breakdown of the employee's roles and qualifications and experience.
- An overview of the costs of the project
Every time there is a payment or receipt of funds we will record it on the balance sheet.
Employees will be paid on a fixed day of the month based on completed work + role + responsibility + experience + bonus.
The financial management of revenue and expenditure with each incident helps us control the cash flow to adjust the project plan to ensure development.
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Betting transactions will generate fees o
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n the platform, the profits from the product will be distributed as (25% of the cost of operating the App, system, server and salary), (45% Regeneration into the ecosystem of products such as rewards, cashback, creating new games on the App for players), (10% Create events, marketing costs and airdrops for the community), (20% Create a risk reserve fund for products: security costs, customer compensation, errors, hacked).
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In addition, we also build tokens and design a tokenomic for a specific platform's activities distributed and sale plan as follows:
ABE token Policy ID: acc37b7ef2b3bb7855a7ba66ad3a242771092463e184d26f63217208
GEM token Policy ID: 4d0f8074126d4adf93bdcf13c88ea25e25eb002d681e4d0d9e554f12
Marketing plan:
- Build marketing content: Create marketing campaigns, create events for players such as token airdop, ISPO for the Cardano community who hold and staking ADA. Link and accompany with real sports events happening like Soccer, Basketball, Tennis, Racking, Golf, MMA .. (WorldCup2026, Euro2024 and national tournaments). Create videos to guide players and share benefits with the community.
- We reach out and promote to customers via Twitter, Facebook, TikTok channels and communities of betting players, communities of crypto lovers and blockchain technology experiences.
- We open online AMA sessions with the community to share information about our products. Train or hire regular media KOLs for this dApp.
- We believe that with each methodically implemented and communicate content, the ADABET betting platform will be interested and invested by many people, and it will be a new thing to replace the current betting platforms.
Community building plan:
- Build ADABET's own communities, which are regular users and exchanges when using the App.
- Currently we have a community of nearly 10K followers on Twitter https://twitter.com/ADABET_iO and Telegram <https://t.me/adabetdapp> we will continue to build community on Discord, Youtube..
Furthermore:
- It is certain that the ecosystem as well as ADA holders will benefit from this project, especially we always have an airdrop program for the Cardano community and players on the homepage. <https://www.adabet.io/airdrop-event/highlight>
- You can see more product videos highlight here: <https://bit.ly/3OeMPus>
What is your capability to deliver your project with high levels of trust and accountability?
Answer:
===== Experience and capacity in project implementation =====
We are IT experts, software engineer with 17years+ startups in the field of Mobile App, Mobile Game and internet entertainment content. Our team also has experts in Security, Cloud computing, AI, Blockchain. Besides, there is cooperation with online digital marketing partners.
Our team has worked together for many years, so there is a high degree of consistency and harmony, so the fluctuation in personnel is minimized. In addition, we always recruit people who are passionate about developing and learning Cardano technology to the project team.
I have over 3 years working on Cardano and Catalyst funded projects in F7, F8, F9 having completed projects delivered along with projects in development and achieved milestones. Experiencing roles in the funding process for a project such as SPO, CA, PA, Proposer, I have experience and appraisal of projects in catalyst. As a project owner, I have extensive experience and confidence in managing finances, project schedule and personnel for a successful project.
Proposer funded in F7(completed all), F8, F9 (ADABET.iO | Sports Betting DApp <https://cardano.ideascale.com/c/idea/63786>, IronSky game P2E (<https://cardano.ideascale.com/c/idea/60944>), cBlling Cardano DApp(<https://cardano.ideascale.com/c/idea/62678>), Bwork) proposals
===== Financial management process =====
- We have an excel file with the list and information of employees.
- A monthly employee salary sheet.
- One Clickup account to manage employee's tasks.
- A breakdown of the employee's roles and qualifications and experience.
- An overview of the costs of the project
Every time there is a payment or receipt of funds we will record it on the balance sheet.
Employees will be paid on a fixed day of the month based on completed work + role + responsibility + experience + bonus.
The financial management of revenue and expenditure with each incident helps us control the cash flow to adjust the project plan to ensure development.
What are the main goals for the project and how will you validate if your approach is feasible?
Answer:
The main goals of the project and in this phase 2:
- Build fully functional for a betting platform dApp on Cardano. To achieve this we need to gradually improve individual functions and we have achieved some of them since phase 1 of the project.
Goals for the first 6 months when the project is released:
- Achieved ~2000 account registrations for the first 6 months
- Reach the number of daily active users of about 350~ people
- Number of wallets connected to the system ~1000
- Number of bets and transactions 20000~
- Total transaction value ~1M in ADA
- Number of members in the ADABET community 30K~
These are important goals for the project to determine initial success and confidence to develop over time. In the future, it will attract users and replace the traditional platform.
===== The project’s milestones and each of the main tasks =====
<u>Milestone 1: </u>
The goals at this milestone are to build the backend and design functionality
Tasks:
- Design graphical interfaces, and UX/UI for functions and layouts.
- Design pools match the predicted function for players to participate in the role of ownership shares and share benefits.
- Build betting formulas and algorithms for betting content.
- Build formulas for calculating bonus points, and leveling the player's level.
- Design database and create data tables for new functions.
Resources: (In this section the teams involved in development: UX/UI, front-end, and system team):
- 01 Designer.
- 02 Front-end developers.
- 02 Back-end developers.
- 01 System engineers.
- 01 Project leader.
- 01 Project manager.
Time delivery: 2 months
Cost to achieve: 20% (52,225 ADA)
<u>Milestone 2: </u>
The goals at this milestone are: Build APIs and implement functionality of the platform
Tasks:
- Build APIs for new sports content added to the platform. (Like APIs for chess, horse racing, rugby, hockey, etc.)
- Build APIs for token swap functionality in the platform.(Token pairs and pools in the platform)
- Implement token swap function on the platform.
- Implement transaction history.
- Implement add token function, allow native token deposit and make liquidity pool.
Resources: (In this section the teams involved in development: UX/UI, front-end, and system team):
- 01 Designer.
- 02 Front-end developers.
- 02 Back-end developers.
- 01 System engineers.
- 01 Project leader.
- 01 Project manager.
Time delivery: 3 months
Cost to achieve: 25% (65,281 ADA)
<u>Milestone 3:</u>
The goals at this milestone are: Implement and develop functions
Task:
- Coding the functions designed in previous milestone.
- Execute the calculation formulas built in milestone 1 and testing.
- Implement pool match predict function.
- Frontend programming, connecting APIs: Bringing designed content to the platform website.
- Test the functions programmed in the Pre-Product environment.
Resources: (In this section the teams involved in development: UX/UI, frontend, backend, system, QA QC and blockchain technical team):
- 01 Tester.
- 02 Front-end developers.
- 02 Back-end developers.
- 02 Blockchain developers.
- 01 Project leader.
- 01 Projects manager.
Time delivery: 3 months
Cost to achieve: 25% (65,281 ADA)
<u>Milestone 4:</u>
The goals at this milestone are: Complete functions and build to Main-net
Task:
- Build the Product environment (Move the project's servers in the develop environment to the main-net environment)
- Fix potential errors in product QA and QC process before posting to Main-Net
- Promote the community, players experience new features
- Coding the final items to perfect the product.
- Submit the product to the Main-net environment.
Resources: (In this section the teams involved in development: QA QC, Marketing, frontend, backend, system, and blockchain technical team):
- 01 Tester.
- 02 Front-end developers.
- 01 Back-end developers.
- 02 Blockchain developers.
- 01 System engineers.
- 01 Project leader.
- 01 Projects manager.
Time delivery: 2 months
Cost to achieve: 20% (52,225 ADA)
<u>Milestone Final:</u>
The goals at this milestone are: Deliver the product and receive feedback
Task:
- Bring the product to the community and reach out to test users.
- Receive feedback from customers and improve products
- Create manuals for players.
- Create events for products to promote new features of the platform.
- Product packaging and delivery with the first complete version.
- Promote and market products, find investors.
Resources: (In this section the teams involved in development: QA QC, frontend, backend, system, and blockchain technical team):
- 01 Tester.
- 01 Marketing.
- 02 Front-end developers.
- 01 Back-end developers.
- 01 System engineers.
- 01 Project leader.
- 01 Projects manager.
Time delivery: 1 month
Cost to achieve: 10% (26,113 ADA)
===== Overall projects management approach.and indicators =====
For this project, we use the SCRUM model. In order to manage and track the progress of ADABET dApp development, we have divided specific and clear roles the project participants.
Simply put, the process we apply to ADABET development is explained as follows:
Organization: Organize project team and Roles
▪ Proposal Owner
▪ Project management (Coordinator )
▪ Development Team
Document (Artifacts): Outputs
▪ ADABET dApp platform products (List of product development functions)
▪ ADABET dApp platform tasks (List of functions to be developed for each stage)
▪ Estimation (The team's estimated result)
Process: Specifies how the project will operate
▪ ADABET dApp platform: Planning meeting (Meeting to plan for each phase)
▪ ADABET dApp platform: Review (Meeting to summarize for each phase)
▪ Daily ADABET dApp platform: Meeting (Daily review meeting)
The Proposal Owner is the person who owns the product, who decides what functions the product has who decides on the ADABET Backlog, and will be a part of the software development process.
The project manager is the person who ensures that the project's processes are implemented correctly and smoothly, helping the Team to do the best product development work.
Development Team
A team of ~10 software engineers (ADAboys LAB) is responsible for product development. The project team works with the Proposal Owner to decide what to do in this ADABET (phase) and what the results will be. At the same time, the group also discussed coming up with solutions, estimated the time to perform the work, and met to evaluate the work results. If the project is large, we will divide it into small projects.
Besides, we monitor the development of the project through indicators such as:
- The number of tasks completed in the project.
- The number of functions of programmed platforms.
- The number of accounts registered to the ADABET platform.
- The number of people participating in ADABET's community channels.
- The number of ADA wallets connected to the platform.
- The number of APIs developed.
- The number of completed graphics designs.
With such a tight and dynamic software development process, we always ensure the progress of the project as well as anticipate problems. Together with the above recognizable metrics by numbers, we believe the project will be successful.
