Please describe your proposed solution.
Executive Summary:
The proposed solution is to launch an online marketing campaign to raise awareness about Project Catalyst Fund 11. This campaign will utilize various digital platforms such as Twitter, Youtube, Reddit, Telegram, Discord and LinkedIn to reach a wider audience outside of the Catalyst community. The campaign will highlight the benefits and opportunities provided by Project Catalyst, emphasizing the potential for individuals and organizations to contribute to the development of Cardano and the blockchain industry.
Through engaging content and success stories, the campaign will showcase the value of participating in Project Catalyst and encourage active involvement. It will aim to attract talented individuals, developers, entrepreneurs, and innovators who can bring fresh ideas and perspectives to the ecosystem.
Campaign Strategy:
The campaign strategy involves creating two 30-second videos: one introducing Project Catalyst Fund 11 and the other showcasing a success story. The videos will be shared across various digital platforms.
A: Benefits of the Video Content:
- Visual Impact: Videos have a higher engagement rate and can convey information more effectively than text-based content. They grab attention, evoke emotions, and leave a lasting impression, increasing the likelihood of viewers engaging with the campaign.
- Storytelling: Videos allow for storytelling, making it easier to connect with the audience on an emotional level. By sharing success stories, viewers can see the tangible impact of Project Catalyst, inspiring them to participate and contribute their ideas.
- Shareability: Videos are highly shareable, particularly on platforms like Twitter, YouTube, and Reddit. Encouraging viewers to share the videos with their networks expands the campaign's reach organically, reaching new audiences and potential participants.
- Multichannel Approach: Sharing the videos across multiple platforms maximizes visibility and engagement. Each platform has its unique user base and characteristics, allowing the campaign to connect with diverse audiences and target specific demographics.
B: Campaign Planning:
- Video Creation: Creation of two visually impactful 30-second videos - one providing an overview of Project Catalyst Fund 11 and its benefits, and the other highlighting a compelling success story from a previous funding round.
- Platform Selection: Utilizing the mentioned digital platforms such as Twitter, YouTube, Reddit, Telegram, and others, to reach a wider audience outside of the Cardano community.
- Distribution: Sharing of the videos on the selected platforms, adapting the format and style to suit each platform's requirements. Use native tweets on Twitter, upload to an official YouTube channel, post on relevant subreddits, and share in Telegram groups.
- Engagement and Sharing: Encourage engagement by including strong calls-to-action in the videos, inviting viewers to learn more and get involved with Project Catalyst Fund 11.
- Hashtags and Mentions: Utilizing relevant hashtags and mentions on platforms like Twitter to increase discoverability and engage with the Cardano community, influencers, and industry experts.
- Optimization: Optimizing the video titles, descriptions, and tags on YouTube to improve search visibility. Craft engaging titles and descriptions for Reddit posts to encourage discussion and interaction.
- Community Interaction: Actively engage with viewers' comments, respond to questions, and participate in conversations across all platforms to foster community involvement and address inquiries.
- Collaboration: Collaboration with influencers, industry blogs, and publications to feature the videos or create dedicated articles around them, expanding the campaign's reach and credibility.
- Performance Monitoring: Continuously monitoring engagement metrics, feedback, and analytics on each platform to assess the campaign's effectiveness. Adjust the distribution strategy and content approach based on audience response and platform dynamics.
C: Storyline of the two videos:
Video 1: Introducing Project Catalyst Fund 11 (30 seconds):
- Beginning with a captivating hook to grab attention within the first few seconds.
- Clearly explaining the purpose and objectives of Project Catalyst Fund 11.
- Highlighting the benefits and opportunities for individuals and organizations to participate.
- Showcasing a few compelling projects or ideas that have been supported by previous fund rounds.
- Including a strong call-to-action, inviting viewers to learn more and get involved
Video 2: Project Catalyst Success Story (30 seconds):
- Selecting a successful project from a previous fund round with a compelling story.
- Beginning by briefly introducing the project and its goals.
- Presenting the challenges faced by the project creator and how Project Catalyst support helped overcome them.
- Demonstrating the positive impact or achievements resulting from the project.
- Featuring testimonials or quotes from the project creator, highlighting their gratitude for Project Catalyst.
- Including a call-to-action, inviting viewers to explore more success stories and participate in Fund 11.
D: Distribution Strategy:
Twitter (using Catalyst Swarm Twitter Channel with more than 1800 Followers)
- Sharing the videos as native tweets, pinning them to the top of the profile for maximum visibility.
- Utilizing relevant hashtags, such as #Cardano, #Blockchain, and #ProjectCatalyst, to increase discoverability.
- Engaging with the Cardano community by mentioning them in the tweet and requesting retweets to amplify the reach. Previous Campaigns got supported by IOG and the Cardano Foundation
- Using paid ads to increase reach
YouTube:
- Uploading the videos to Catalyst Swarm YouTube channel.
- Optimizing video titles, descriptions, and tags to increase search visibility.
- Sharing the videos in relevant Cardano and blockchain-related communities and engaging with viewers' comments.
- Using paid ads to increase reach
Reddit:
- Posting the videos on the Cardano subreddit and relevant Project Catalyst-related threads.
- Crafting engaging titles and descriptions that encourage discussion and interaction.
- Responding to comments and actively participating in conversations to foster engagement.
Telegram:
- Sharing the videos in the official Project Catalyst Telegram group.
- Pinning the videos or creating a dedicated channel to ensure visibility.
- Encouraging members to share the videos with their own networks and discuss their thoughts and ideas.
- Other platforms:
- We customize the videos for each platform's format and specifications.
- We share them on platforms like Instagram, LinkedIn, or Discord, leveraging relevant communities and groups.
By implementing this campaign strategy, the aim is to raise awareness about Project Catalyst Fund 11, attract talented individuals and organizations, foster meaningful participation, and showcase the development potential of Cardano and the blockchain industry.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
The category ‘Catalyst Open’ aims to fund projects which could grow the ADA economy.
Despite a very active Community around Cardano, Project Catalyst is still very unknown. Raising awareness about Catalyst through an online marketing campaign will increase meaningful participation and attract new entrepreneurs from the community and from outside the Cardano ecosystem.
Therefore, our proposal will benefit the Cardano ecosystem in several ways:
- Increased Awareness: The campaign will expand awareness about Project Catalyst beyond the existing Cardano community. By reaching a wider audience, more individuals and organizations will become aware of the opportunities for participation and contribution. This can lead to an influx of fresh ideas, diverse perspectives, and new talent joining the ecosystem.
- Meaningful Participation: The campaign aims to attract talented individuals, developers, entrepreneurs, and innovators who can actively engage with Project Catalyst. By highlighting the benefits and opportunities offered by Fund 11, the campaign encourages meaningful participation, driving more high-quality proposals and projects that can contribute to the growth and development of Cardano.
- Community Engagement: The campaign will foster community engagement and interaction through various digital platforms. This will support an active community around Project Catalyst and Cardano. Strong community engagement is crucial for the long-term success and sustainability of the Cardano ecosystem.
- Ecosystem Growth: By raising awareness and attracting talented individuals and organizations, the campaign contributes to the overall growth of the Cardano ecosystem. With more high-quality projects being funded and developed through Project Catalyst, Cardano can evolve into a thriving blockchain platform with a wide range of applications, services, and innovations.
- Reputation and Adoption: A successful marketing campaign that effectively highlights the value and achievements of Project Catalyst Fund 11 can enhance the reputation of Cardano within the broader blockchain and crypto community. Increased awareness, meaningful participation, and a track record of successful projects can attract more attention, partnerships, and adoption of Cardano, further bolstering its position in the industry.
How do you intend to measure the success of your project?
To measure the success of the project, we consider the following key performance indicators (KPIs) and metrics:
Reach and Awareness:
- Number of views and engagements on the campaign videos across platforms.
- Social media metrics: Number of followers, likes, shares, and comments on posts related to Project Catalyst Fund 11.
- Website analytics: Traffic, unique visitors, and time spent on pages related to Project Catalyst.
Participation and Engagement:
- Number of new participants who submit proposals to Fund 11.
- Engagement metrics: Increase number of community members in Ideascale, increase total number of voters (registered wallets and registered ADA)
Social Media and Online Presence:
- Increase in the number of followers and engagement metrics on social media platforms (Twitter, YouTube, Reddit, Telegram, etc.).
Please describe your plans to share the outputs and results of your project?
Our approach is to operate as transparently as possible, so that the community has the maximum possible insight into the project on the one hand and can also participate in the project on the other. As we will use already established community social media channels (mainly Catalyst Swarm) to share and distribute the campaign content, the community can track and see in real-time our activities. Furthermore, we will provide different sources for the documentation through our website. We will create a sub page on our website to give the community easy access to all relevant content, links and reports that we will publish. All community members are also welcome to freely use the created content on their own channels. We also share the campaign metrics (performance and campaign setting in social media ads) with the community, to increase the success of further campaigns executed by other community projects.