Please describe your proposed solution

Perception of the Problem:

In today's digital landscape, creators often struggle to find paid opportunities that value their skills, while businesses and individuals face challenges in sourcing high-quality creative work efficiently and transparently. Existing freelance platforms like Fiverr or Upwork lack a dedicated space for creative bounties, where tasks are clearly defined and rewards are guaranteed, leading to inefficiencies and dissatisfaction on both sides.

Approach to Solving the Problem:

Bountify is designed as a decentralized marketplace specifically for creative bounties, leveraging blockchain technology to ensure transparency and fairness. By posting bounties, businesses and individuals can clearly define creative tasks, set rewards, and engage with a global pool of talented creators. The use of a decentralized platform reduces intermediary costs and ensures that creators are fairly compensated for their work.

Project Engagement:

Bountify will engage a diverse range of participants, including:

• Creators: Artists, designers, writers, musicians, and other creatives seeking rewarding opportunities.
• Businesses and Individuals: Companies and individuals looking for high-quality creative work, from logos and jingles to articles and videos.
• Community: A community of supporters and enthusiasts who value creativity and innovation.

Demonstrating and Proving Impact:

Impact will be demonstrated through several key metrics:

• Number of Bounties Posted: Tracking the volume and variety of creative tasks listed on the platform.
• Creator Participation: Measuring the engagement and satisfaction of creators using the platform.
• Completion Rate: Monitoring the successful completion and approval of creative tasks.
• User Feedback: Collecting feedback from both bounty posters and creators to continuously improve the platform.

Unique Solution and Benefits:

Bountify stands out due to its focus on creative bounties, providing a niche marketplace that prioritizes creative work and fair compensation. The platform benefits both creators and businesses by offering:

• Transparency: Blockchain technology ensures clear and immutable records of task agreements and completions.
• Efficiency: Direct engagement between creators and bounty posters without intermediary delays or costs.
• Fairness: Guaranteed rewards for completed tasks, fostering trust and reliability.

Importance to Cardano:

Bountify aligns with Cardano's mission of promoting decentralization, transparency, and inclusivity. By leveraging Cardano's blockchain technology, Bountify ensures a secure and scalable platform for creative work, showcasing the practical applications of blockchain in enhancing the creator economy. This project will drive adoption of Cardano by demonstrating its capabilities in supporting innovative solutions that benefit a global community.

Please define the positive impact your project will have on the wider Cardano community

Value to the Cardano Community:

The success of Bountify will bring significant value to the Cardano community by:

• Showcasing Cardano's Capabilities:

• Demonstrating the practical use of Cardano's blockchain technology in real-world applications, such as decentralized marketplaces.

• Highlighting Cardano's potential to support creative industries, fostering a diverse and vibrant ecosystem.

• Encouraging Adoption:

• Attracting creators, businesses, and individuals to the Cardano platform, increasing user adoption and engagement.

• Providing a gateway for new users to experience the benefits of blockchain technology, leading to greater interest and participation in the Cardano community.

• Promoting Decentralization:

• Aligning with Cardano's mission of promoting decentralization by offering a transparent and fair platform for creative work.

• Empowering individuals and small businesses to engage in the global marketplace without relying on intermediaries.

• Fostering Innovation:

• Encouraging innovative solutions and creative projects that leverage blockchain technology, contributing to the overall growth and development of the Cardano ecosystem.

Measuring Impact:

We will measure the impact of Bountify through both quantitative and qualitative metrics:

• Quantitative Metrics:

• Number of Bounties Posted: Tracking the volume and variety of creative tasks listed on the platform.

• Creator Participation: Measuring the number of creators registered and actively participating in bounties.

• Completion Rate: Monitoring the percentage of successfully completed and approved bounties.

• Transaction Volume: Recording the total value of transactions conducted on the platform.

• Qualitative Metrics:

• User Feedback: Collecting feedback from both bounty posters and creators to assess satisfaction and areas for improvement.

• Case Studies: Developing detailed case studies showcasing successful projects and their impact on the Cardano community.

• Community Engagement: Monitoring discussions, testimonials, and user-generated content related to Bountify within the Cardano community.

Sharing Outputs and Opportunities:

To ensure transparency and maximize the positive impact on the Cardano community, we will:

• Community Updates:

• Provide regular updates and announcements to the Cardano community, highlighting key milestones, success stories, and new opportunities.

• Engage with the community through videos, social media posts, AMA (Ask Me Anything) sessions, and other interactive formats.

• Collaborations and Partnerships:

• Foster collaborations with other projects within the Cardano ecosystem to create synergies and drive collective growth.

• Partner with educational institutions, creative organizations, and industry leaders to expand the reach and impact of Bountify.

By delivering a transparent, efficient, and fair platform for creative bounties, Bountify will not only enhance the creator economy but also contribute to the broader goals of the Cardano community, promoting adoption, innovation, and decentralization.

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?

Transparent Project

We emphasize transparency in our project planning processes. The detailed project plan, including milestones, timelines, and responsibilities, will be made available for to open review. This ensures that our approach is clear, accountable, and aligned with the project's overarching objectives.

Proven Track Record

Our team members bring a wealth of experience in their respective fields. Their proven track record in blockchain, creator economies, event coordination, and project management instills confidence in our ability to successfully execute the proposed initiative.

Continuous Iteration and Adaptation

Feasibility is an ongoing evaluation process. We commit to a culture of continuous iteration and adaptation based on real-time feedback and changing circumstances. This agile approach ensures that our strategies remain responsive to evolving needs and challenges, enhancing the overall feasibility of the project.

What are the key milestones you need to achieve in order to complete your project successfully?

Milestone 1: <u>Initialization</u>

Cost: 25,000 ADA

Length: 1 month

Milestone Output(s)

• Agile framework board set up in Notion with user stories and tasks
• Infrastructure setup completed.
• Key functionality initialized.
• Initial administrative and miscellaneous tasks addressed.

Acceptance Criteria

• Successful completion of the Research and Planning Document.
• Successful completion of infrastructure setup document
• Confirmation of initial administrative tasks and story boards

Evidence of Milestone Completion

• Link to the Notion agile framework board, showing all tasks and user stories.
• A link to a new GitHub repository containing the infrastructure setup document.

Milestone 2: <u>Development</u>

Cost: 25,000 ADA

Length: 3 months

Milestone Output(s):

• Development of key platform features, including front-end and back-end scope.
• User interface and experience enhancements.

Acceptance Criteria:

• Successful deployment of the integrated features in a test environment.
• Documented user feedback on the usability of the platform.

Evidence of Milestone Completion:

• Links to the test environment and GitHub code repositories.
• A comprehensive report detailing integration, feature development, and UX improvements, available on GitHub

Milestone 3: <u>Launch</u>

Cost: 25,000 ADA

Length: 3 months

Milestone Outputs

• Launch of the live version of the tool
• Initial marketing campaign executed.
• Milestone report

Acceptance Criteria

• Beta version live and operational as verified by QA process.
• Milestone report, including launch details, is provided.
• There is a marketing campaign documented including social impact analysis.

Evidence of Milestone Completion

• Link to the live beta platform.
• QA approval report is available on GitHub.
• Marketing campaign report is available on GitHub.
• Milestone report is available on GitHub

Final Milestone: <u>Finalization</u>

Cost: 25,000 ADA

Length: 2 months

Milestone Output(s)

• Produce a closeout report
• Produce a closeout video
• All final tasks and bug fixes are completed

Acceptance Criteria

• The closeout report and video will thoroughly document the results and outcomes of the project
• All final tasks and bugfixes are documented

Evidence of milestone completion

• A closeout video and report is on GitHub, including all final tasks and bugfixes

Who is in the project team and what are their roles?

Ian McCullough (Cullah)

LinkedIn

Role: Full Stack Developer

Relevant Experience:

• Award-winning musician composed and licensed 10,000+ syncs of 16 years of open-source music in video games, films, tv shows, and advertisements.
• Senior level developer with a 10+ years of full-stack web development and scripting languages.
• MPhil in Music &amp; Media Technology from Trinity College, Dublin.
• BS in Computer Engineering from Marquette University.

Maggie Schmidt

Milwaukee, USA

LinkedIn

Role: Project Manager / Quality Assurance

Relevant Experience:

• 5 years of project management &amp; quality assurance with companies like Universal Audio, Audiophile, and Wisconsin Music Ventures
• 10 years of entertainment industry experience
• BA Music Performance from University of Wisconsin-Milwaukee
• Associate Degree, Audio Engineering from MATC

Please provide a cost breakdown of the proposed work and resources

Milestone 1: Project Initiation (25,000 ADA)

• Project Management: 5,000 ADA
• Includes planning and setting up the project infrastructure.
• Development: 10,000 ADA
• Setting up initial key functionalities.
• QA (Quality Assurance): 5,000 ADA
• Initial testing and setup verification.
• Administrative: 5,000 ADA
• Includes initial administrative setups and miscellaneous tasks.

Milestone 2: Prototype Development (25,000 ADA)

• Project Management: 6,000 ADA
• Ongoing project oversight and management.
• Development: 12,000 ADA
• Core development work, including backend and frontend.
• QA: 4,000 ADA
• Regular testing and feedback incorporation.
• Documentation: 3,000 ADA
• Documentation of development progress and technical details.

Milestone 3: Launch(25,000 ADA)

• Marketing: 8,000 ADA
• Marketing campaigns and public engagement.
• Project Management: 5,000 ADA
• Coordination and launch preparation.
• Development: 7,000 ADA
• Final adjustments and setup for launch.
• QA: 5,000 ADA
• Final pre-launch testing and quality checks.

Milestone 4: Finalization (25,000 ADA)

• Project Management: 5,000 ADA
• Closing project phases and ensuring all criteria are met.
• QA: 5,000 ADA
• Final testing of the entire platform.
• Documentation: 5,000 ADA
• Final project reports and user documentation.
• Community Engagement: 5,000 ADA
• Feedback collection and community interaction post-launch.
• Reporting: 5,000 ADA
• Final reporting back to the community and stakeholders.

This structured approach aligns with our goal of maintaining high levels of accountability and delivering value to the Cardano community.

NMKR

How does the cost of the project represent value for money for the Cardano ecosystem?

The project costs have been diligently considered, taking into account industry standards, market-driven rates, and the comprehensive skill sets required.

This ensures that every ADA spent contributes to the successful execution of the project, aligning with Cardano's vision for a decentralized and informed community.

The budget reflects not only the project's immediate needs but also its enduring impact on the Cardano ecosystem.