ADABET.iO |Sports Betting Cardano Build MobileApp

Funds Fund 10 Proposals Products & Integrations ADABET.iO |Sports Betting Cardano Build MobileApp

not approved

View on Ideascale View on projectcatalyst.io

Current Project Status

Unfunded

Amount
Received

₳0

Amount
Requested

₳372,036

Percentage
Received

0.00%

Solution

We will be building the ADABET Apps on mobile to make it easy for users to place bets. The goal is to help enhance user experience and combine it with the system of the ADABET.IO Cardano betting dApp.

Problem

ADABET APP Lack of sports betting applications developed on the blockchain platform, many bookmakers’ apps lack transparency and do not guarantee that bettors’ reputation, property and identity are compromised

Impact / Alignment

Feasibility

Value for money

ADABET.iO |Sports Betting Cardano Build MobileApp

Impact

Please describe your proposed solution.

We will be building Mobile Apps for the ADABET.IO platform (*A Cardano betting platform that we are developing from funded in F9 projectID 900006), which will make it easy for users to place bets. The goal of the project is to help enhance the user experience on the mobile platform to be better and more loved by the end-users. Combined with the overall system of the ADABET.iO Cardano Betting Dapp project, these mobile applications are built on iOS and Android as clients connected to the platform's system.

ADABet.io is a platform project that allows betting on sports competitions such as football, tennis, racing, baseball, golf, and many more… Basically, ADABet.io is a DApp built on the Cardano blockchain and applies WEB3 technology for distributing resources to players and ensuring the integrity of assets for players.

In the ADABet.io platform, tokens will be created specifically for the ecosystem of the players, it is designed to add value to the players as well as the ADABet platform while giving the players more flexibility in the game.

Place bets and pay without depending on cash or credit cards. Players can deposit with $ADA Cardano native tokens or $ABE (Token of ADABET.IO betting platform) to participate in bets and can withdraw to their wallet anytime.

ADABet is designed with many outstanding and attractive features, leveraging Cardano's decentralized platform for finance and governance combined with the favorite features of traditional staking platforms.

Features like live betting, scoring for winners, prediction betting, pear-to-pear betting, or agent-book (allowing multiple dealers to join and create their own betting floor with their community).

The development team is very excited and enthusiastic about this project, it is expected that this will be a DApp worthy of attention and investment in the Cardano ecosystem, in the future, it will replace traditional betting platforms, present and give players a whole new experience. That's how Cardano blockchain, Web3 technology really changes lives.

===== Detailed explanation of proposed solutions =====

ADABET APP

In this proposed module, we build user applications of the ADABET platform on mobile including both Android and iOS operating systems. The ADABET smartphone application is essential, it increases the value of the platform as well as attracts more users, and has a better experience.

ADABET.iO | Sports Betting Mobile App is a decentralized application for sports betting that allows players to create their own accounts, place bets, and self-monitor their wealth management. With most traditional betting platforms relying on bookmakers and focusing entirely on credit card transactions and payment systems, this limits the transparency of bet transactions. Therefore, there are many betting platforms that are established with low reputations, causing damage to players participating on these platforms that lack safety and security.

ADABET.IO leverages WEB3 technology and Cardano blockchain to make staking and payment transactions transparent, increasing the security of customers without needing to verify their identity, and increasing flexibility in payment Deposit and withdrawal assets based on ADA coin.

We are aiming for a broader betting market with a market value approaching $100 billion annually. The global sports betting market size was valued at USD 76.75 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.2% from 2022 to 2030 (*From Grand View Research).

ADABET market research

Specifically, ADABET will address the following issues to completely change the way traditional betting platforms work.

1/ The prestige of the house is guaranteed: 

Based on the decentralization of Cardano blockchain technology, players' assets are guaranteed to be intact in the blockchain, and applying smart contracts in staking transactions will create the transparency that the platform transmits. pine cannot do this. That is why the reputation of ADABET for players is very reliable.

2/ Fast deposit and withdrawal time: 

Based on the transaction speed on the Cardano blockchain which is real-time and 24/7 ensuring continuous validation of thousands of Cardano nodes, it makes it possible for players to deposit and withdraw ADA coins whenever they want in just a few seconds.

3/ In addition, ADABET also focuses on utilities for players such as: 

Diverse odds and easy betting, friendly graphical interface, multi-language support, and especially many attractive promotions and games applying Defi and GameFi decentralized finance We feel that the power of WEB3 and Cardano technology will create an outstanding betting platform that is worth the investment and experience for ADA holders and the global betting community. That makes the Cardano ecosystem really more attractive and entices more people to invest in ADA. It's a better experience for the end-user that benefits the Cardano community and broader ecosystem.

4/ Collaboration:

ADABET's goal in collaborating with bookmakers is to share the outstanding advantages of applying Cardano blockchain technology to betting platforms. Collaborate with leading bookmakers to share the vision and benefits of ADABET. Collaborate and invite investors to the ADABET.IO platform, and participate in shaping the standard for licensing to ADABET agents.

===== Solutions applied to the project, engage and demonstrate =====

Build the application:

User interface design.
Design the functions of the application.
Design content to put on ADABET application.
Build application features and connect to the platform via APIs.
Connect ADA wallet, allowing transactions on the Cardano blockchain.

UI ADABET

(Some UI of ADABET APP)

About user experiences on mobile apps:

Analyze and select useful and simple features for users, and develop user trends through the ADABET app. Design an impressive user interface and make the user have the best experience on the app. According to statistics and usage of applications across platforms, users often download applications on the Apple store and Google play on mobile devices rather than on PCs because mobile apps are more convenient and experience better than apps. use on PC. That forced us to develop ADABET apps on smartphones and tablets.

About technical solutions:

We will build a server system to operate the Cardano node and Cardano-DB-sync network for the ADABET dApp platform, this will ensure that the dApp APIs connect to the Cardano blockchain continuously and avoid the occurrence of request timeout in the system, and at the same time be autonomous in connecting and pre-built APIs for partners or agents. Design and build tokens to serve in the ecosystem of the betting platform. Build a web server system and database to develop user functions on the platform.

About the dApp content solution:

Design the basic features of the betting platform, while adding new and trending features of the players. Features like live betting will not limit the number of bets in a match, scoring for the winner, prediction betting, peer-to-peer betting, or agent-book (allows multiple dealers to participate and can create their own platform, and bet with their community). This will always create interesting games and form for players (like betting on Football, Basketball, Baseball, Horse Racing, Cricket, Hockey, and Others..). Design tokenomics to attract investors as well as create benefits for players, adding value to the ADABET platform (we call it $ABE coin). It will be used to generate rewards for players, create financial games within the platform, serve investors, market, and reward the product development team. In addition, we apply WEB3 to ensure the ownership of players' assets as well as smart contacts to help transactions in the platform be more transparent and reputable.

Regarding legal solutions:

We will contact and working with reputable licensors as well as major bookmakers to join the global betting market, helping to expand players and increase their benefits. (Cagayan Economic Zone Authority, Isle of Man, PAGCOR..)

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

===== Criteria for solving the challenge =====

The ADABET mobile application meets most of the criteria set by the “Products & Integrations” challenge.

DeFi: Application will allow users to connect to the ADA platform to manipulate their financial activities such as (stake order betting, token swap, asset management..)
Gaming: The application will integrate mini games and casinos on the platform.
Wallets: The application will connect to ADA wallets as well as create many for users in the platform.
Create a new user experience with an unprecedented dApp betting on the Cardano blockchain.
Business solutions: With web3 technology and on-chain transactions, the project has outstanding advantages over traditional betting platforms in terms of security, safety and anonymity with users, assets are always stored on the Cardano blockchain.
Drive curiosity and attract players to bet on the Cardano platform.
Enriching and supplementing dApp forms in the Cardano ecosystem.
Bet orders that will generate many transactions also on Cardano, as well as a wide range of Native tokens on Cardano can be added to the platform.
With a certain number of users maintained on this App. Because the content of betting, matches with sports takes place continuously, the number of transactions on Cardano is very large and continuous.
The combination of web3 and mobile app for the betting platform built on the Cardano block chain will really attract and interest the community and traditional bookmakers.
We, the development team believe that having chosen the right target to develop this product, we are sure that the application will be an attractive enough choice for users and bring richness to our Cardano dApp ecosystem.

===== Impact beyond the project and team to the wider Cardano community =====

The project brings positivity and brings Cardano closer to digital products.

Project as an early example of a betting on the Cardano platform:

Add value and Cardano blockchain technology
Enrichment in Cardano's dApp ecosystem
Attract and create trust for ADA holders. Programmers will believe in what Cardano's technology can do.
Create benefits for investors who come from the Cardano community.
Attract potential customers from traditional betting platforms, customers who love betting and cryptocurrencies.
Generate thousands of on-chain transactions on Cardano

It is true that there will be more added value with this betting platform, The features that the project is developing, as well as releasing to players. ADABET will become a burning and technological platform in the betting industry and can replace traditional betting platforms that rely heavily on cash exchanges and off-chain transactions that are difficult to control with many risks.

We, the development team believe that having chosen the right target to develop this product, we are sure that the application will be an attractive enough choice for users and bring richness to our Cardano dApp ecosystem.

===== Impact after the project is completed: =====

In addition to making the Cardano ecosystem new and powerful, ADABET will attract crypto-fans and casino enthusiasts to the Cardano community, participate in playing on the platform and holds tokens of the Cardano blockchain.
With a certain number of users maintained on this plaform. Because the content of betting, matches with sports takes place continuously, the number of transactions on Cardano is very large and continuous.
The combination of web3 and mobile app for the betting platform built on the Cardano block chain will really attract and interest the community and traditional bookmakers.
Attract developers from other blockchain platforms to Cardano for product development.
We expect to reach more than 1000 downloading the app after 3-6 months of release. Besides, there are advertising campaigns to attract new users to experience.

Images and data from the ADABET.iO project.

ADABET betting

View on-chain: https://cardanoscan.io/transaction/5a7f804f7145e38adc733c1856eb332aa8c000d40de1344bf5ead26ae517f525

view on-chain

Some of the successes we have achieved earlier in this project:

On-chain betting has been carried out: The player's bet transaction is submitted on the Cardano block chain.
The data of match rate, win rate, team name are all recorded on the block chain with the form of metadata of a transaction such as:

{home: Sturt Lionsaway: Adelaide Cometsstart: 2023-07-08 05:30:00market: 1x2odn: 1odv: 1.36bet: 2 ABEhome: West Torrens Birkallaaway: Adelaide Blue Eaglesstart: 2023-07-08 05:30:00market: 1x2odn: xodv: 1.42bet: 2 ABE

home: Para Hills Knightsaway: Port Adelaide Piratesstart: 2023-07-08 05:30:00market: 1x2odn: 2odv: 1.02bet: 2 ABE}

It is the result between off-chain and on-chain that we have successfully built work in user bet orders. It's also a testament to the way of writing on the block chain of a transaction, very clear and transparent, limiting disputes and fraud from bookmarker to players.

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

===== Success in the funding =====

The success of the ADABET Apps is the overall success of our ADABET.iO 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 End 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 a mobile application associated with a betting platform is an outstanding advantage, it combines web3, dApp and mobile App technology. 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 platform to experience development based on blockchain technology.

Make sure the benefits to the customer 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.
ADABET Apps help users quickly access services on the platform.
Safe and secure assets on Cardano blockchain build up on ADABET App.
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 Apps is to provide the best user experience, both in terms of technology, convenience, and asset safety. The project contributes to the richness of Cardano’s dApp ecosystem as well as new experiences for ADA fans and BET fans.

The KPIs for the project to go straight to solving the problem are:

The number of people downloading the ADABET App (on smartphones, and tablets).
The number of wallets that integrate and connect to the ADABET App.
The number of transactions extracted and statistics from ADA holders in ADABET App.
The number of accounts registered in the ADABET App.
The number of assets of users on the app.
The number of bet orders on the app.

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

Share output:

When the project is completed, the ADABET App will be distributed for free on the App Store for mobile users to easily download and use. This will make it easier to spread the Cardano dApp to potential customers interested in the Cardano ecosystem.

Business plan:

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.

Betting transactions will generate fees on 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)

In addition, we also build tokens and design a tokenomic for a specific platform's activities distributed and sale plan as follows:

ABE Token

ABE tokenomics

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 demos and videos highlight here:
ADABET App demo https://bit.ly/3D7MpQ7
Video App https://bit.ly/3PS9Og1

Capability/ Feasibility

What is your capability to deliver your project with high levels of trust and accountability?

===== 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>, (Completed 3 Milestones)
IronSky game P2E (Completed)(<https://cardano.ideascale.com/c/idea/60944>),
cBlling Cardano DApp (Completed in approved) (<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.

abe task

What are the main goals for the project and how will you validate if your approach is feasible?

Main and related goals of the project.

We built Betting Apps from the foundation that was developed in Fund 9 ADABET.iO and aim to bring the app to the end user market.

(The first 3~6month after lunching product)

The application is distributed on the App Store.
Number of downloading apps (1000+)
Number of wallets connected and active on apps (1000+)
Number of regular players (300+)
The number of transactions via apps and the number of transactions submitted to the Cardano blockchain (1000+).

Also the app will

Reach thousands of users from traditional betting platforms.
The market is accessible to the community of ADA holders.
Easy for players and investors to join in Apps.

The product we develop is very concrete and has no abstraction, It's easy to measure and validate.

ADABET.iO Apps are distributed on mobile platforms (such as Android App Store, Apple Appstore ..)
Transactions made on the Cardano chain are easy for quantitative measurement and information verification.
The number of downloads is displayed intuitively and easily.

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.

===== The project’s milestones and each of the main tasks =====

Milestone 1: Q3/2023

The goals at this milestone are: Build backend and design functionality

Tasks:

The ADABET App user experience analysis.
Design the functions and content of the App.
Design and graphical user interface for ADABET App.
Build and set up the development environment App.
Install the necessary SDKs and libraries.
Build server system of ADABET App.

Resources: (In this section the teams involved in development: UX/UI, front-end, and system team):

01 Designer.
01 Front-end developers.
02 Back-end developers.
01 System engineers.
01 Project leader.
01 Project manager.

Time delivery: 2 months

Cost to achieve: 18% (66,966 ADA)

Milestone 2: Q4/2024

The goals at this milestone are: Build APIs and coding functions of the platform

Tasks:

Set up APIs to connect with the ADABET.IO system.
Integrate Cardano wallet into ADABET App.
Programming for the user interface.
Backend coding for the system of ADABET App.
Developing WEB3 integrated into ADABET App

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: 19% (70,687 ADA)

Milestone 3: Q4/2023

The goals at this milestone are: Implement and develop functions

Task:

Programming the App bet functions.
Implement MVP version.
Build bet order transactions submit on Cardano.
Programming for the user interface on smartphones.
Customize the user interface for Tablet devices.
Local deploy the ADABET App on Android with version test.

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: 20% (74,407 ADA)

Milestone 4: Q1/2024

The goals at this milestone are: Implement app on the ios version

Task:

Released the MVP version of the ADABET App up to Google Play Store.
Implement and layout App for iOS platform.
Local deploy the ADABET App for iOS version.

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: 2 months

Cost to achieve: 20% (74,407 ADA)

Milestone 5: Q2/204

The goals at this milestone are: Complete functions and build to Main-net

Task:

Launching the ADABET App events promotion and introduction campaign.
Deploy the ADABET App on iOS.
Test and check the quality and fix bugs of the App.
Released ADABET App version 1.0
Create manuals for players.

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.
01 Blockchain developers.
01 System engineers.
01 Project leader.
01 Projects manager.

Time delivery: 2 months

Cost to achieve: 20% (66,966 ADA)

Milestone Final: Q3/2024

The goals at this milestone are: Deliver the product and receive feedback

Task:

Test and check the quality and fix bugs of the App.
Promote the event and let users experience the app before launch.
Create events for products to promote new features of the platform.
Improve the interface and functionality of the App.
Product packaging and delivery with the first complete version.

Resources: (In this section the teams involved in development: QA QC, frontend, backend, system, and blockchain technical team):

01 Tester.
01 Marketing.
01 Front-end developers.
01 Back-end developers.
01 Project leader.
01 Projects manager.

Time delivery: 1 month

Cost to achieve: 5% (18,602 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 App products (List of product development functions)

▪ ADABET App tasks (List of functions to be developed for each stage)

▪ Estimation (The team's estimated result)

Process: Specifies how the project will operate

▪ ADABET App Planning meeting (Meeting to plan for each phase)

▪ ADABET App Review (Meeting to summarize for each phase)

▪ Daily ADABET 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 App.
The number of people participating in ADABET's community channels.
The number of ADA wallets connected to the platform.
The number of participants staking per week and per month on our system.
The number of App versions are released.

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.

See more details of the proposal by following the link:<https://bit.ly/3XRRGVI>

In addition, the community can track our project progress on project websites and community groups that we have set up specifically for the ADABET community.

https://github.com/adaboys/adabet

www.adabet.io

https://t.me/adabetdapp

Please describe the deliverables, outputs and intended outcomes of each milestone.

Milestone 1:

Deliverables:

Complete design of ADABET App functions and content.
Complete graphic design of the App user interface.
Finished building APIs for connection to ADABET.IO platform.
Complete build and setup system of ADABET App.