The number of proposals in each funding round is increasing, this is a challenge for ordinary stakeholders and voters to grasp the general information, the pros and cons of each proposal, especially the voters in non-English countries, like Vietnam and some countries in Southeast Asia. As a result, this has a certain influence on the overall voting quality.
In terms of language, information about Cardano Blockchain and Catalyst is difficult to access for Vietnamese voters and other Vietnamese people who want to be onboarded..
Regarding the volume of information, the number of proposals in each fund is increasing, this has been a challenge for an ordinary person, busy stakeholders (ex: businessman, uber/grab drivers,…) for grasping the general information, advantages, and disadvantages of each proposal, especially voters in non-English countries. This has a certain negative influence on the overall voting quality. Statistics show that the average growth rate of proposals in the Catalyst funds is more than 40%, and the number of proposals [approved for voting] in Fund 8 is expected to exceed 1,250. As a result, the amount of information that an average voter receives for voting is too large. According to incomplete statistics, with an average information volume of more than 500 words on each (not including attached documents) at Fund 7, if an average person spends 1 hour/day reading, it takes nearly 35 days to read all 740+ proposals. This is really a problem for scaling up the Cardano local communities.
Therefore, short videos and podcasts in Vietnamese are required for dealing with the problems listed above.
- Producing short videos & podcasts in Vietnamese lasting about 2 minutes per video/podcast containing compiled, analyzed and evaluated information for about 25% of the proposals (filtered through 2MIN criteria by the 2MIN Community) in Catalyst Fund 9 and Fund 10. Information sources come from the proposal itself, comments, reviews from CA, and other relevant sources.
- Each video & podcast on our channel (Youtube and Spotify) can briefly provide Vietnamese stakeholders with general information, advantages, and disadvantages of a particular proposal.
This proposal has a big impact. Each of our videos and podcasts will help Cardano voters in Vietnam and worldwide with basic information, advantages, and disadvantages of proposals submitted in Fund 8 and Fund 9, thereby, increasing the quality of voting at each fund. As a result, this affects voting performance. In the future, 2Min Review's direction is to reach out to other non-English content in Southeast Asia.
Building a list of 500 - 600 proposals depends on the 2Min Review's community. As a result, there is a possible risk that a number of proposals with high quality are filtered out from that List. To deal with this, the 2MIN Review team set aside 5 % of the total budget as a reserve for the purpose of ensuring content quality.
Besides, flip-page ADA price is another risk that should be concerned; to deal with this, we place a cost item called “Reserve to watch out of flip-page ADA price” (20% of working items listed) as mitigation.