Please describe your proposed solution.
Defined Problems:
- The rapidly increasing Asia community requires that Cardano documents and news be presented in a more reliable, understandable, and effective way in local Asian languages (Vietnamese, Japanese and Korean)
- Technical information needs to be presented more interesting & succint to the point.
- The number of documents and news sometimes increases dramatically (due to news related to government policies, Beartrap markets, Bulltrap markets, crash markets…) therefore, the audiences cannot follow all important information in limited time and without selection.
- Long-form format is not well-consumed and usually gets bored by the audiences who are less and less time resources and have increasingly more choices of media channels.
Proposed Solutions:
Create TikTok authorized Channel (named Cardano Asia) in partnership with FIMI to optimize the core videos/documents from Cardano Foundation, IOHK official channel and Founder Charles Hoskinson. We will prepare the content first phase in Vietnamese, but then we have the next phase to prepare the video in Japanese and Korean (large Cardano community with potential needs for the community adoption.) The Japansese/Korean language will be proposed in the next funds. The source of information is reliable, timely updated and interesting format/added visual effects in the TikTok short-form format.
We also build a rewarding mechanism to have volunteer to translate and do the admin work (translation original video, shortcut video keynotes, final supervision, publishing work) to prepare the quality content. At the end of the day, we want to make Cardano information interested and effective for busy people and attract newbies (F0) into the community.
This proposal is a continuous from fund 7 (funded proposal) where we will take all the translated script of long-form videos and Optimize/Edit/Add Effect/Publish in the TikTok channel.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
The Cardano Asia TikTok channel will benefit.
- For Vietnamese Cardano community members:
- Leverage the FIMI community and ADA holders will better understand the advantages of Cardano blockchain technology to help them clearly see the VALUE of an asset they are investing in, instead of just seeing the UP-DOWN in price like other coins.
- ADA holders are kept up to date with the technological progressions made by the team of developers and the miraculous growth of the Catalyst development ecosystem, thereby helping them to have a strengthened belief in the future of Cardano.
- For this Challenge: Similar to Hongkong, Taiwan, Japan, Korea… Vietnam is a country in the Eastern half of Asia. So this proposal is suitable for the challenge.
- <u>Growing the Cardano community in East Asia</u>. The population of Vietnam is approximately 100 million people with more focus on the young group of people.
- For the Cardano community:
- *<u>Cardano blockchain technology will be more widely promoted </u>*to potential users in the Vietnam community.
- Gets more Developers involved in the ecosystem.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
- Risk: Slippage of ADA price. Sometimes, the price of ADA reduces suddenly, we can not sell ADA to get USD or VND in the exchange. This might make us not have enough budget to reward relevant admins/stakeholders.
–> Mitigate Solution: Request an additional ($1.680) budget to reserve out of this slippage
risk.
- Risk: local interpreters in Japan/Korea, especially in the future phases to open to more languages.
–> Mitigate Solution: Already heading up to recruit the new talents Japanese/Korean for future next fund proposals. Language grouping (this will be like Playlist of Youtube shorts functions)
- Risk: outdated information vs. updated trends. As we will take the raw input from the Youtube channel as Round 1, then we will optimize and add effect, and local latents' interaction.
–> Mitigate Solution: schedule workflow between the FIMI admin and the core admin team of Cardano Asia.