On April 25, 2022, UBA members had a specialized seminar with lecturers from the Faculty of Information Technology, University of Transport. This is one of the core units of UBA, and the seminar covered specialized topics on Blockchain and related issues, especially the Cardano Blockchain, the platform with the most peer-reviewed scientific articles.
One of the special and outstanding features of the Cardano Blockchain platform is the Catalyst fund. Catalyst is partly operated by the community, where lecturers and students can contribute in many roles, from evaluating and reviewing projects to jointly submitting projects and receiving funding.
Mr. Nguyen Anh Tien shared about what Blockchain is and how the Catalyst fund operates.
Lecturers from the Faculty of Information Technology, University of Transport, and UBA members exchanged academic ideas in a cheerful atmosphere.
Mr. Trinh Van Chung, a representative of UBA members from the Faculty of Information Technology, Nguyen Trai University, shared his insights.
Mr. Do Ngoc Minh, Chairman of UBA, is capturing images of members participating in the discussion about the Cardano and Catalyst platform.
Some additional information about Catalyst Cardano:
Cardano’s Catalyst Fund is an important part of Cardano’s Decentralized Autonomous Organization (DAO). This is an organizational structure built on the Cardano blockchain platform, which helps manage and distribute funding for projects and activities in the community.
Operating Mechanism:
- Treasury System: The Catalyst Fund is funded from a portion of Cardano’s treasury. In each transaction on the Cardano network, a small portion of the transaction fee is put into the treasury. This creates a continuous source of funding from the Cardano community to support diverse projects and activities.
- Community Decision: Cardano’s DAO model creates a decentralized decision-making process in which the community has a direct stake in funding decisions. ADA (Cardano’s currency) holders have the right to propose and vote for projects they deem worthy of funding. This creates a transparent and transparent environment where the community can actively participate in community decisions.
- Catalyst Process: The Catalyst Fund is divided into “catalyst rounds,” each lasting for a fixed period of time. In each cycle, ADA holders can propose projects and participate in the voting process. Projects are approved and receive funding based on community support.
Quality and Certain Standards:
Cardano sets quality criteria and standards for funded projects. Proposals must go through a community evaluation and voting process, helping to ensure that funding is only granted to projects with potential and credibility.
The Catalyst Fund is not just a source of funding, but also a means to stimulate community participation and create a strong DAO ecosystem where the community can participate in decision-making and support innovative ideas in the Cardano community.
