Please describe your proposed solution

The Cardano Racers Web3 GameFi DApp creates a user friendly UX/UI that requires a Cardano wallet to interact with. It provides financial incentives for users to participate in the racing themed NFT game races. Each race has multiple transactions from numerous players which are required to complete during the race.

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

Our project, 'The Cardano Racers Web3 GameFi DApp,' is poised to significantly enhance the Cardano ecosystem by increasing user engagement and transaction volume. The introduction of an NFT-based racing game, built on the Cardano blockchain, offers a unique blend of entertainment and financial incentives, thus attracting a broader audience to the platform.

The impact will be measured both quantitatively and qualitatively. Quantitatively, we will track metrics such as the daily active users, new wallet creations, and transaction volumes. Additionally, we will gather qualitative feedback from the community on user experience and engagement via surveys and forums.

We are committed to maintaining transparency and fostering community engagement throughout the project. Regular updates and progress reports will be shared through Cardano community forums and social media platforms. Moreover, we plan to host interactive sessions with the community to gather feedback and discuss future enhancements, ensuring our project continually aligns with the needs and aspirations of the Cardano community.

Our team is confident in the project's potential to positively influence the Cardano ecosystem. The blend of innovative gaming experience with blockchain technology not only promises to enhance user engagement, but also sets a precedent for future applications within the blockchain space. We are committed to delivering tangible, measurable results and maintaining an open, ongoing dialogue with the community.

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?

Our team's capability to deliver 'The Cardano Racers Web3 GameFi DApp' with exceptional trust and accountability is rooted in our comprehensive experience and the synergistic collaboration among our team members. We have a diverse group of professionals, including blockchain developers, front and backend developers, UI/UX designers, and project managers, each bringing specialized skills and a commitment to teamwork.

The feasibility of our approach is not just theoretical but proven in practice. Our blockchain developers actively support the front and backend teams, ensuring seamless integration and alignment of the DApp's various components. This collaborative process has already led to effective modifications in our smart contracts, tailored to meet the needs of both the front and backends.

Communication is key in our project management strategy. We currently maintain a rigorous schedule with bi-weekly (twice a week) calls and daily updates, fostering a transparent and cohesive work environment. This ensures all team members are synchronized, challenges are promptly addressed, and the project's progress is continuously monitored.

Financial accountability is a cornerstone of our approach. We adhere to strict budgeting and reporting practices, ensuring transparency and efficient use of funds. Regular financial updates will be provided to the community, demonstrating our responsible stewardship of resources.

Our project's timeline and milestones are grounded in the tangible success of our initial testnet phase. This has provided us with valuable insights and data, allowing us to set realistic and achievable goals. We have also identified potential risks and developed comprehensive mitigation strategies to ensure project continuity and success.

In summary, our team's blend of expertise, collaborative spirit, structured communication, and practical insights from our initial development phase collectively affirm the high feasibility and reliability of 'The Cardano Racers DApp' project. We are committed to not just meeting but exceeding the Cardano community's expectations, ensuring the impactful and timely completion of the project.

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

Milestone 1: MILESTONE 1: Blockchain Coding Upgrade

• Milestone Outputs: Update blockchain coding and smart contracts to be compatible with Chang HF.
• Acceptance Criteria: Perform security audit on updated coding and smart contracts.

Timeline 1 month

34,091 ADA

Milestone 2: MILESTONE 2: Marketing and Community Engagement

• Milestone Output: Development and execution of an effective marketing strategy and community engagement activities to build awareness and for the Web3 GameFi DApp within the Cardano community.
• Acceptance Criteria: Hire web3 crypto marketing firm to build brand awareness amongst the Cardano community. Increase community engagement through prizes and giveaways.

Timeline 6 months

90,909 ADA

Final Milestone: Final Milestone: Version 1 Refinement and Enhanced Design

• Milestone Output: Refine version 1 based on the initial user feedback. Focus on enhancing the user interface (UI) and user experience (UX), and ensuring the robustness and appeal of the design.
• Acceptance Criteria: Approval of the refined version 1 by the project team, and positive feedback from a follow-up round of user testing.

Timeline 6 months

74,773 ADA

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

<u>Matthew Bollinger – Founder</u> Matthew Bollinger | LinkedIn

<u>Dean Blackwood – CTO</u> Dean Blackwood | LinkedIn

Dean plays a pivotal role as a CTO, bridging the gap between blockchain developers and the front-end and backend teams, choosing technologies such as React, Express, and Postgres. He oversees the development and management of both testnet and mainnet builds, and is responsible for setting up and maintaining database systems, ensuring secure deployments. Additionally, Dean organizes weekly calls and provides assistance to the front and back-end developers, guiding them in technical and strategic aspects. His leadership is crucial in steering the project’s technical direction and ensuring cohesive team collaboration.

<u>Vladimir Kalnitsky – MLabs Ltd, Senior Blockchain Developer / Project Manager</u>

Vladimir will lead the blockchain integration efforts, offering technical guidance, and developing key blockchain solutions. His focus will be on architectural design, data model creation, and ensuring the scalability and security of the smart contract.

<u>Amir Rad – Mlabs Ltd, Blockchain Developer</u>

Amir’s responsibilities include the development and testing of the smart contract. He will optimize smart contract code for efficiency, ensure compliance with standards, and contribute to the blockchain development documentation process.

<u>Urvish Patel – Inci Infotech LLP, Frontend Developer</u>

Urvish focuses on UX/UI design. Urvish will develop a dynamic and responsive user interface using React.js and Next.js. His key tasks include implementing modern frontend design patterns, ensuring compatibility across platforms and different user wallets, and integrating the user interface with blockchain APIs and our Backend API.

<u>Palak Patel – Inci Infotech, Backend Developer</u>

Palak will develop backend APIs and database schemas using Express and Node.js. Their work will focus on building robust server-side logic, ensuring secure and efficient backend operations, and integrating backend systems with frontend applications and blockchain components.

Please provide a cost breakdown of the proposed work and resources

No dependencies

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

Our proposal for 'The Cardano Racers Web3 GameFi DApp' represents exceptional value for money for the Cardano ecosystem. The funding requested is meticulously calculated and justified, ensuring every ADA spent contributes directly to the project's success and, by extension, to the enrichment of the Cardano community.

The budget is based on competitive rates in our industry and average wages in our country, ensuring fair compensation for the team while maintaining cost-effectiveness. A detailed breakdown includes development costs, blockchain integration, user experience design, and community engagement activities. Each of these components is crucial for creating a high-quality, engaging DApp that will attract and retain users on the Cardano platform.

We have conducted a comprehensive cost-benefit analysis, illustrating that the investment into 'The Cardano Racers Web3 GameFi DApp' will lead to increased user engagement, higher transaction volumes, and the promotion of Cardano as an innovative blockchain choice. The impact of our project will be measurable in terms of new wallet creations, active daily users, and overall transaction volume on the Cardano blockchain.

Our team possesses the necessary skills and experience to manage these funds effectively. We have a proven track record in blockchain development and project management, ensuring that the project will be completed on time and within budget.

In conclusion, the investment in 'The Cardano Racers Web3 GameFi DApp' is not only a financial contribution to a single project but a strategic enhancement to the broader Cardano ecosystem. It promises to deliver measurable benefits and a substantial return on investment, both in terms of technological innovation and community engagement.