Please describe your proposed solution.
Cardano users might find it difficult to stake since they do not know much about the different SPOs. There are around 3500 of them and on any Cardano wallet (Lace, Yoroï) there is no information about the SPOs. It only exists an exposition on the platforms without further information, which is in our opinion a break to staking since it is hard to find basic and easily accessible information about the SPOs.
Our solution is to create a simple website that will classify all the SPOs according to their characteristics. For instance, we will organize all the climate related SPOs together, all the technology related ones together, and so on.
In addition to that, we will provide small descriptions about each SPO as well as links to their websites for the users to have easy access to the information.
This website will be fully created by Udai that already have a great experience in the domain.
In order to realize this project, we want to send a form to every Stake Pool by email (that we would find on their website) that would gather information about them, this would include :
- Small description of their SPO
- What are they aiming for (climate, NFTs…)
- How much ADA is staked in these
- Who is holding it and for what purpose
- Are they satisfied with our website ?
- What Should we do to improve it ?
In our opinion, this will bring a lot more users to start staking since the information on “where you put your money?” will be very clear and accessible for everyone.
For the marketing and advertising of the website, we have a few ideas in mind :
- During the TownHall, present our website when finished for the community to start using and sharing it
- We will promote it to every Cardano Wallet (EMURGO, IOHK,…) in order for them to share a link of it
- Be shared by the SPOs themselves to promote the ecosystem
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
“Kicking off Community based solutions to build SPO Tools & Platforms, to offer Services, Events, and Research”. This is what the success for the challenge looks like, and we clearly believe our idea fits in the challenge needs. We also believe that this project can be a really amazing SPO related initiative that will improve in the long run the Cardano Ecosystem.
Our solution will make it easier to understand and to choose where to stake. Staking is still a difficult thing to understand for new users and non-technical persons. Doing a website that is bringing them light on what it is, what impact it has, and why it could be interesting, would definitely allow the SPO community to grow as people would have more awareness of the advantages each one of the SPO has.
Moreover, the fact that we are doing it for the Cardano pools will lead the people that want to stake money in cryptocurrency to have more interest in this blockchain's ecosystem, and to make the Cardano SPO ecosystem more alive.
How do you intend to measure the success of your project?
We will measure the success of the proposal based on several aspects :
- The feedback of the community about the website (After TownHall)
- The number of visitors on the website.
- The feedback from the different SPOs
- Growth of the listed SPOs
- The fact that our website could be listed into a wallet as a reference for choosing pools
- The number of SPOs listed
Please describe your plans to share the outputs and results of your project?
We will share an Excel sheet with all the data gathered from our website (number of visitors, the most searched category,…)
We will also share information monthly through the reports as well as gather all the information on the closing report / video.
We'll collect feedback from SPOs and share it in a summary document.
The fact that the website is online and easy to access would also be an output itself.