Please describe your proposed solution
dRepWatch - A Sustainable Platform for Informed Voters
Cardano's governance system currently lacks a widely adopted platform to empower voters and strengthen communication between voters and dReps. Although a functional dRepWatch platform has been built by NMKR (funded through Fund 10), it currently sits unused because it hasn't yet been deployed and promoted within the Cardano community. This limits the platform's potential to mature and gain traction in order to promote voter confidence, dRep accountability, and overall governance participation.
Photrek will tackle this challenge by providing the support necessary to make dRep watch production ready, and transform it into a user-friendly platform that empowers voters and strengthens Cardano governance through the following:
- Deployment & Marketing Strategy: We will focus on deploying the existing dRepWatch platform and implementing targeted marketing campaigns to raise awareness and drive user adoption within the Cardano community.
- Community Building & User Engagement: Fostering a strong community around dRepWatch to encourage user participation, feedback, and a sense of ownership.
- Empowering Features:
- Comprehensive dRep Profiles: In-depth information on each dRep, including background, values, and voting history.
- Accessible Voting History: Easy access to a Drep's past voting record for informed decision-making.
- Direct Q&A with dReps: A dedicated platform for voters to directly engage with and ask questions of their dReps.
- Continuous Development: A collaborative approach that integrates user feedback will ensure the platform remains relevant and adapts to the evolving needs of the Cardano community.
Long-Term Sustainability & Revenue Exploration:
Our vision is to establish dRepWatch as a thriving, self-sustaining platform with a dedicated full-time development and community management team. The initial funding requested in this proposal will be used to deploy the platform, establish a user base, and demonstrate its value. We will then explore potential revenue models that align with dRepWatch's open-source ethos, such as:
- Donations: Allow users to voluntarily donate to support dRepWatch's development and maintenance.
- Sponsorships: Partner with Cardano-related organizations or projects willing to sponsor dRepWatch in exchange for brand recognition.
- Optional Premium Features: Consider optional premium features that provide additional benefits to users without compromising core functionalities (e.g., advanced analytics, data export options).
By implementing these strategies, we aim to achieve long-term financial stability and support a dedicated team to continuously improve dRepWatch and empower Cardano governance.
Building a Self-Sustaining dRepWatch
Objective: Our vision is to establish dRepWatch as a thriving, self-sustaining platform with a dedicated full-time team.
Strategy:
- Community Growth: We will leverage Photrek's experience in Cardano governance to spearhead strategic marketing campaigns and community management efforts. This will expand the user base and create a self-reinforcing cycle of engagement and continuous improvement for dRepWatch.
- Exploring Revenue Streams: We will explore potential revenue models that align with dRepWatch's open-source ethos. This could include options such as donations, sponsorships, or even premium features that provide additional value to users without compromising core functionalities.
- Full-Time Staffing: The funding requested in this proposal will lay the groundwork for achieving financial and operational capacity to employ full-time professionals for dRepWatch's maintenance and development in the future.
Photrek & NMKR's Commitment:
Both Photrek and NMKR are firmly committed to building the necessary momentum and community support for dRepWatch. We will actively seek opportunities to ensure the platform's financial independence and operational excellence in the long run.
Expected Outcomes:
- A stable and growing platform that continuously adapts to meet the evolving needs of the Cardano community.
- A dedicated team of professionals working full-time to ensure dRepWatch remains at the forefront of decentralized governance tools.
- Long-term financial viability that allows dRepWatch to adapt and thrive within the Cardano ecosystem.