April 8th, 2013
Hello! I'm pleased to announce that we've reached another milestone with Kongzi Online. We have now entered Phase 2 development at kongzi.ca! Our previous milestone was Kongzi Online Beta-1 which was reached on November 25th, 2012.
Here's what's new and what's planned:
Recent Developments (1st quarter 2013)
- Our eyecatcher strategy is to give away the dictionary content for free with a front-page multilanguage dictionary search -- similar to tangorin.com, jisho.org, etc.
- We now use a superset of Jim Breen's JEDict/JMdict format. This allows us to store much more information about words and definitions and definitively breaks the dictionaries apart into language and translation. This will aid in multilanguage support later on.
- We no longer create flashcards directly from dictionary entries on the fly. Instead we allow users to create and edit their own personal flashcards with an innovative drag 'n drop flashcard creator.
- The SRS flashcard system is now active, which means the site is now officially useable. It's a bit of a rough draft, but it works. やった!
While we are not planning on smoothing out the UI/user experience until Beta-3 in June, Here's what's planned for the immediate future (April & May):
Development Goals for April/May 2013
- Many new types of game and quiz to help people learn in a fun and exciting way: Memory game, Mix 'n Match, as well as more traditional Multiple Choice and Cloze tests.
- An example sentences system (separate from the "example" field in Jim Breen's JEdict format).
- A Lesson/Path system where you can sign up to "courses" which will contain lots of reading material and pre-made flashcards.
- Users can share and publish their flashcards for other users of Kongzi.ca.
Content / User base:
Our user count has increased from 7 to 15 and one of our users (a native Japanese speaker) has volunteered to help edit the Japanese dictionary. The focus is on adding more N5 level content first, and then progressing to N4, N3, etc. before opening the dictionary to anything-goes mode.
Investment / Presales opportunities:
I've spent a great deal of time thinking about how to offer an investment opportunity for kongzi.ca. This is what I have always been working on, and I always felt I should have done this first instead of other plans. Right now, the idea is to sell shares OTC. I will entertain private offers for how much money you want to invest, and what % of the company it should be worth. Then, when we go live, I will double the number of shares and give those extra shares to myself. This is a pretty fair way to run things, I think. Here are our current and projected costs:
BitVPS server costs us less than 0.5 BTC/month. Will need 5 BTC or less for the first year.
We need to hire a mangaka to help us brand the site. cost 3-5 BTC.
We need to license some fonts for embedding. Something really pro, like TB Yokobuto Mincho, or Hiragino Kaku Gothic Pro. This will cost 3 BTC or less.
Adobe Creative Suite subscription costs about .2 BTC a month. Say 2 BTC a year at current rates.
Textbook printing costs for a first run of 100 books will be 4-5 BTC. This will be a money making venture for us but we won't need the money for that for at least another 4 to 6 months.
So as you can see our costs are not exorbitant. I am thinking an IPO done over the counter for 1000 shares at 0.1 BTC/share, with 500 shares retained by myself as lead developer & CEO. This would raise 50 BTC and would completely cover our costs to operate the system for more than 2 years.
When we list your shares will probably be moved BitFunder. We're going to be the best, yo.
PM me any questions or concerns. Please enjoy your time spent at kongzi.ca