## Welcome to Module 1: Introduction to Cardano's Fund 11

### Objective: 


#### _The purpose of this first module is to familiarize you with the basics of the Cardano ecosystem and the specific objectives and significance of Fund 11._

First, this requires an overview of Cardano itself.


Module 1 Overview

## **🌐 What is Cardano?**

Before delving into the depths of Web3, it's vital to understand Cardano, a cornerstone in this digital landscape. Defining "Cardano" is like exploring a multi-layered ecosystem. Initially conceived in 2015, Cardano represents a blend of technological innovation, rigorous academic research, and a commitment to sustainability and decentralization in blockchain technology.

For our exploration, we’ll navigate the intricate layers of Cardano, understanding it as not just a cryptocurrency but a pioneering platform for sustainable and equitable digital solutions. Its foundational philosophy is grounded in making financial services accessible to all, reflecting a vision for a more inclusive digital future.

### **🏗 How Did Cardano Start?**

Cardano's inception was more than coding; it was an extensive research project aiming to address the challenges of scalability, interoperability, and sustainability in blockchain. Over two years of foundational research preceded its development, resulting in over 100 academic papers.

---

>### **“Cardano is a journey of exploration, discovery, and innovation; a project that seeks to redefine what's possible in the world of blockchain” (Charles Hoskinson, Co-Founder of Cardano).**

---

In essence:

- Cardano's research asks how to build a blockchain for billions.

- Its development focuses on creating a sustainable digital ecosystem.

- Its implementation aims to democratize finance and governance.

### **🌳 The Roots of Cardano**

At its core, Cardano is underpinned by the **Ouroboros protocol**, an environmentally sustainable proof-of-stake consensus mechanism.

This innovative approach contrasts starkly with the energy-intensive proof-of-work systems of early blockchains.

### **🌟 Modern Implementation:**

Imagine a world where financial systems are transparent, inclusive, and accessible to everyone, regardless of geography. Cardano is paving the way for this reality, offering a platform for decentralized applications and smart contracts that empower communities and individuals.

Cardano is not just a blockchain; it's a movement towards a more equitable and efficient global system. From its unique layered architecture to its native token, ADA, Cardano is redefining the future of finance, governance, and beyond.

## **🍏 Food for Thought:**

When exploring the potential of Cardano, consider these aspects:

- How
does Cardano’s vision of financial inclusivity and sustainability align with current global needs?

- In what ways does the Cardano ecosystem empower individuals and communities?

- How does Cardano differentiate itself from other blockchains in terms of technology and philosophy?

- Reflect on the impact of groundbreaking platforms like Cardano in shaping the future of blockchain technology and global systems.

Introduction to Cardano

## **🗳 Community Voting Shapes the Future of Cardano**

In the dynamic landscape of Cardano, community voting isn’t just a feature; it's a cornerstone of the ecosystem's evolution. This final lesson explores how community engagement through voting is pivotal in steering Cardano's future.

### **🌐 The Essence of Community Voting:**

Community voting in Cardano embodies the principle of decentralized governance. Every ADA holder has the opportunity to participate in decision-making processes, a stark contrast to traditional centralized models. This participatory approach ensures that the development and strategic direction of Cardano are reflective of its diverse user base's collective will.

---

>### **“Voting in Cardano is not just a right; it's a responsibility that shapes the blockchain’s path forward” (Cardano Community Insight).**

---

### **💡 Impact on Cardano's Direction:**

The role of community voting in Cardano is profound:

- It ensures that the development of the Cardano blockchain is community-driven, democratic, and aligned with the network’s long-term vision.

- Community voting allows for a diverse range of ideas and projects to be considered and funded, fostering innovation and inclusivity.

- It enhances the sense of ownership and engagement among Cardano community members, strengthening the overall ecosystem.

### **🛠 Practical Voting Mechanics:**

Voting in Cardano involves several key steps:

- Stay informed about ongoing proposals and discussions within the Cardano community.

- Understand the voting process, including how to cast votes using the Catalyst voting app.

- Recognize the importance of informed voting, assessing each proposal’s potential impact and feasibility.

### **🌿 Modern Implications:**

Envision a governance model where your voice directly influences the development of a leading blockchain platform. Cardano’s community voting is a real-world application of such democratic ideals in the digital age, empowering individuals from all corners of the globe to contribute to shaping a decentralized future.

## **🍏 Food for Thought:**

Reflect on the significance of community voting in Cardano:

- How does the active participation of community members in voting foster a more vibrant and resilient Cardano ecosystem?

- What are the challenges and opportunities that arise from a decentralized governance model like Cardano’s?

- How does your involvement in voting contribute to the larger narrative of blockchain democratization and innovation?



Community and Governance in Web3

# 🌟 Detailed Introduction to Project Catalyst
As we delve into the Cardano ecosystem, we encounter Project Catalyst, one of the world's largest decentralized innovation platforms. This initiative is designed to support the development of the Cardano blockchain through community-driven funding.

🚀 Purpose of Project Catalyst:
Project Catalyst aims to democratize the funding process within the Cardano ecosystem. It allows community members to propose, discuss, and vote on various initiatives, facilitating a decentralized approach to blockchain development.

---

> ### “Project Catalyst is a cornerstone of community-driven innovation and governance within the Cardano ecosystem.”

---

### 🔗 Role in the Cardano Ecosystem: 
Project Catalyst is integral to Cardano’s decentralized governance model, highlighting the community-led development where ADA holders wield influence over the network's trajectory, ensuring that it reflects the collective vision.

### 🌍 Impact Across Various Funds:
The collective impact of the Catalyst funds is significant:

It fosters participation from diverse stakeholders across the globe.
These funds support innovative projects that can significantly advance the blockchain sector.
They ensure a transparent and equitable funding process.

### 📈 Modern Context:
Envision a scenario where blockchain innovation is propelled by a broad spectrum of contributors, not just a handful of developers. Project Catalyst embodies this inclusive approach, setting a precedent for democratic and decentralized technological development.

---

### 🍏 Food for Thought:
Reflect on the following as you consider Project Catalyst:

- How does participating in Project Catalyst empower individual ADA holders?
- What kinds of projects have been funded, and what tangible impacts have they had on both the Cardano community and blockchain technology at large?
- How do the principles of Project Catalyst align with broader trends towards decentralized governance and community involvement in technology sectors?

Introduction to Project Catalyst

## **🌟 Detailed Introduction to Fund 12**

Fund 12, like the 11 that came before it, has specific categories that a proposer can submit in. Each category is further broken down below:  


### **🔗 Fund 12 Details:**

Fund12 begins on April 26, and voting starts on June 27. Proposal submissions open on April 29. 

The general deadline for proposal submission is May 13 at 11:00 UTC for all categories except Cardano Partners with deadline set on June 6 at 11:00 UTC instead. The fund will contain a total of ₳50,000,000 (~22 Million USD) to boost the Cardano ecosystem.

![](https://github.com/rgomez001/DRMZAcademy_ProjectCatalyst/blob/main/Screenshot%202024-05-12%20164624.png?raw=true)

### **🌍 Changes to Fund12**

Each fund is revised with the goal of improving overall participation and experience:

- Key changes this fund limit participation and emphasize delivery. 6 Max proposals per user in all categories is the limit.

- Projects funded in Fund9 or prior should not apply if those projects are not yet completed.

- Projects funded in Fund10 or Fund11 may apply if they have complete some "Proof of Achievements" in the last 6 months preceding the start of Fund 12.
___

## 🗒️Fund 12 Categories: Cardano Use Cases

### Concept:

- Budget: ₳7,500,000

Details: Seeking DApp ideas or product concepts for design and prototyping to demonstrate their purpose and realize novel applications on the Cardano blockchain. Submissions must be for new product ideas.

---

### MVP (Minimum Viable Product)

- Budget: ₳7,500,000

Details: Support for early blockchain startup projects to reach Cardano testnet or MVP readiness. Submissions must include a functioning prototype demonstrated in the proposal.

---

### Product

- Budget: ₳7,500,000

Details: Focus on products and integrations that can accelerate to offer more high-impact use cases at scale to drive more adoption in the Cardano ecosystem. Submissions must have a working product already in the market.

## 🗒️Fund 12 Categories: Cardano Open

### Developers

- Budget: ₳10,500,000

Details: Support for developing open-source tooling needed to enable the Cardano developer ecosystem to thrive. The focus should be on supporting open-source development efforts.

---

### Ecosystem

- Budget: ₳5,500,000

Details: Funding for creative ideas and grassroots activities that expand Project Catalyst’s global footprint, educate, onboard more Cardano and Cardano DApps users. The focus is on non-engineering proposals for bottom-up governance activities, hackathons, marketing, regional growth, and education or community-building endeavors.

## Cardano Partners and Real World Integrations

- Total budget: ₳8,000,000

Details: Aimed at igniting partnerships and adoption for Cardano with leaders of industry. This includes proposals for collaborations, enterprise partnerships, marketing acceleration, and mainstream adoption. The committee will review and shortlist the highest potential proposals for community vote.

.



Introduction to Fund 12

## Welcome to Module 2: The Voting Process in Detail

### Objective: 


#### _Dive into the specifics of the voting process, explaining how participants can effectively cast their votes in Fund 12._

First, you'll need to download a few tools

Module 2 Overview

## Step 1 - Download the Voting App

#### 📲 To participate in Governance you'll need the "Catalyst Voting" app

- ### Android users: [Google Play Store.](https://play.google.com/store/apps/details?id=io.iohk.vitvoting&pli=1)

- ### iOS users: [App Store.](https://apps.apple.com/fr/app/catalyst-voting/id1517473397?l=en)

___

>### ⚠️ Note: iPhone 6 and earlier models are not supported.
___

## Step 2 - Download a Cardano Wallet

#### 

Downloading a wallet is a typical first step in the web3 governance process. In fact, if you're taking this course, you likely already have a wallet. 

However, we've placed this step second becuase not all wallets currently offer voting options. The walles below will give you what we feel is the best experience registering your wallet for voting in Fund 11:


- ### Mobile Wallet -  Yoroi
- ### Browser Wallet - Typhon
___

>### ⚠️ Note: Other wallets are also viable choices. These simply presented our preferred UI experience.
___

After you've selected a wallet, you can begin the registration process

Download the Voting App

## **🗳 Register to Vote**

If you selected **Yoroi** or **Typhon**, your first step will be the same: 

### Step 1: Create & Confirm your PIN

This 4-digit pin will be required for you to connect your wallet to the Catalyst Voting app
___

#### ⚠️ Make sure to not forget it! Write it down somewhere safely
___

### Step 2: Confirm Registration Transaction

- Confirm the transaction connect your wallet to your **🔑Catalyst Voting** key

- "Save" or "Download" the QR Code  generated 

### Step 3: Connect your Wallet to the Catalyst Voting app 

Inside the Catalyst Voting app, click "Let's Start!" and swipe through (or "Skip") until you reach "Connect Wallet"

- Then, click "Use voting QR code and PIN" & scan your QR code from step 2
- Then, enter & confirm your PIN from step 1 

### That's it! Congratulations, you're all registered to vote!

.

Register to Vote!

## Minimal Requirements to Vote

### 1. Register Wallet before Voting Power Snapshot

Your wallet must be registered to vote before January 15th for Fund 11

- Registration fee = 0.17-0.18 ADA

### 2. Hold at least 500 ADA (not counting rewards)

In order to cast your vote, you'll be required to keep your balance above 500 ADA until the voting round starts.

- Furthermore, your "Voting Power" will be updated during the Janurary 15th snapshot.

.

Voting Minimal Requirements

The Voting Process in Detail

## Welcome to Module 3: Key Takeaways & Resources

### Objective: 


#### _Consolidate learning and provide essential reminders, including important dates and valuable resources from the Cardano community.._

First, a note on "Voting Power"

.


Module 3 Overview

## Calculating "Voting Power"

On Cardano, 1 ADA = 1 Vote

"Voting Power" is equal to the total ADA (over 500) held in your wallet at the time of the voting power snapshot

- Avoid moving ADA 1 hr before & after registration to avoid any errors

- Your voting power will remain constant through the entire fund, even if your wallet holdings change after the snapshot.

.

Understanding "Voting Power"

## Important dates

- "Voting Power" Snapshot: January 15th, 2024 21:45 UTC

- Official Voting: January 25th - February 8th, 2024

- Selected Proposals Announced: Februrary 15th, 2024 

Important Dates to Remember

## Helpful Resources


To learn more about Fund11, visit: 

- [Project Catalyst Website ](https://projectcatalyst.io/get-involved)

To register for an account and join the ongoing campaign: 

- [Ideascale
](https://cardano.ideascale.com/c/landing)

.

Resources

## Concluding Thoughts

I hope you found this helpful in understanding Cardano's voting process. 

Now you're ready to go engage with the rest of the Cardano Community.
___

## ⚠️ Register to vote in Fund 12 by June 18th! 
___

## **Get started today!**


Better yet, refer people to this course if you found it useful in understanding the process and the steps required for web3 governance on Cardano

.

Engage in the Cardano Community!

Key Takeaways & Resources

"Project Catalyst is the world’s largest decentralized innovation engine for solving real-world challenges"

It is a groundbreaking initiative by Cardano that stands as one of the largest decentralized funding programs globally. It's designed to drive collective creativity and help grow the Cardano community. 

Project Catalyst connects innovative ideas with financial support, where the Cardano community collaborates and votes on which projects to fund, all backed by the Cardano treasury.

Learn how to participate in Cardano's "Project Catalyst - Fund 11" and engage in decentralized governance. Gain a thorough understanding of the Cardano ecosystem and the voting process, empowering you to contribute to the community-driven decisions that shape this innovative blockchain network

Project Catalyst - Voting 101

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