Please describe your proposed solution

Our proposed solution is to integrate a Peer-to-Peer (P2P) module into the Adaex decentralized exchange (DEX), enabling direct trading between users without requiring large liquidity reserves in each region. The core problem we're addressing is the logistical and financial burden of maintaining liquidity across various regions, which limits the efficiency and scalability of traditional exchanges. By introducing a P2P solution, we eliminate the need for centralized liquidity pools, making the platform more cost-effective, decentralized, and accessible.

<u>Perception of the Problem</u>

The core issue we perceive is the logistical and financial burden associated with maintaining large liquidity reserves across multiple regions for centralized exchanges. This limits accessibility, increases operational costs, and restricts the reach of decentralized finance (DeFi) to underserved communities, particularly in regions like Africa. The lack of a seamless, decentralized trading option that removes the need for centralized liquidity creates barriers for users who want to engage in digital asset trading but face obstacles due to high fees, limited access, and logistical challenges. We aim to address these issues by integrating a P2P module into Adaex, eliminating the need for large liquidity reserves and enabling direct, decentralized trading between users.

<u>What are your reasons for approaching it in the way that you have? </u>

We have chosen to approach the problem through the integration of a P2P (Peer-to-Peer) module into Adaex for several key reasons, rooted in both the technical and practical limitations of traditional exchanges and the unique advantages of decentralized blockchain solutions.

-&gt; Decentralization and Autonomy:

Traditional centralized exchanges require a centralized authority to manage liquidity, match orders, and facilitate transactions. This centralization can create bottlenecks, increase costs, and present single points of failure, especially when expanding into multiple regions. By contrast, P2P transactions occur directly between users without an intermediary, aligning with the fundamental principles of decentralization that blockchain promotes. We believe that empowering users to control their trades, without relying on centralized infrastructure, will lower operational costs, eliminate the need for large liquidity reserves, and enhance autonomy for users. This approach aligns with Cardano’s broader mission of fostering a decentralized, inclusive financial system.

-&gt; Solving the Liquidity Challenge*:*

Maintaining liquidity across multiple regions is a significant logistical and financial burden for centralized exchanges, as it requires pre-funding and extensive coordination. With a P2P system, liquidity is inherently decentralized. Users bring their own liquidity to the platform, which means that Adaex does not need to maintain large liquidity pools in every region. This decentralized liquidity model reduces the overhead costs and risks involved in managing liquidity across borders, allowing the platform to scale more effectively. Our approach ensures that users in all regions, especially those in underserved areas, can access the platform without liquidity-related barriers.

-&gt; Financial Inclusion*:*

One of the most pressing challenges in underserved regions like Africa is the lack of accessible financial infrastructure. Centralized exchanges often exclude these populations due to high fees, restrictive KYC requirements, and limited regional support. By focusing on a P2P solution, we aim to reduce the financial and logistical barriers to entry, allowing individuals in regions with limited access to traditional financial services to participate in the digital economy. With the P2P module, users can directly trade assets without intermediaries, making transactions cheaper, more accessible, and regionally agnostic.

-&gt; Cardano’s Technological Advantage*:*

Cardano’s blockchain offers a robust, secure, and scalable platform that is ideal for implementing a decentralized solution like P2P trading. The decision to leverage Cardano’s open-source APIs, such as Mesh and Koios, is based on their compatibility with this vision. These APIs enable easy access to blockchain data, transactions, and infrastructure, ensuring that the P2P system integrates smoothly with the broader Cardano ecosystem. Additionally, Cardano’s low transaction fees and energy-efficient consensus mechanism provide a solid foundation for enabling efficient and cost-effective P2P transactions.

-&gt; Scalability and Regional Flexibility*:*

A centralized exchange model may struggle to scale effectively, especially when expanding into diverse regions with varying regulatory requirements and infrastructure capabilities. A P2P module, on the other hand, can scale much more easily, as it requires less centralized infrastructure. Users anywhere in the world can participate in the platform without Adaex needing to establish operations or liquidity reserves in every new region it enters. This regional flexibility is essential for promoting widespread adoption of Adaex, particularly in emerging markets.

<u>How does it work?</u>

Here’s a clear workflow schema for both types of users — the "Demander" (user initiating the exchange) and the "Receiver" (user fulfilling the exchange) — using mobile money in Africa, smart contracts, and Cardano wallets:

Workflow for the Demander (User 1):

1.Connect Wallet

The user connects their Cardano wallet to the Adaex platform.

2.Create Exchange Request

• The user selects the specific country and mobile money service available in that region (e.g., M-Pesa, Airtel Money).
• The user inputs the amount of ADA they wish to exchange and selects the equivalent currency in the local mobile money service.
• They also set additional conditions such as exchange rate, offer validity (time), and other optional preferences (e.g., maximum slippage, preferred trading partner rating).

3.Submit Request

• The request is submitted and locked into a smart contract. The ADA amount is held in escrow by the smart contract until the exchange is completed.
• The request is broadcasted on the Adaex P2P marketplace, visible to potential receivers in the specified country.

4.Wait for Receiver

• The user waits for a receiver (User 2) to accept their request. The smart contract holds the ADA until the conditions are met.

5.Exchange Finalization

• Once a receiver fulfills the request by transferring the agreed-upon amount in mobile money, the smart contract verifies the completion of the transaction.
• Upon successful verification, the ADA held in escrow is released to the receiver's wallet.

6.Confirmation and Rating

• The demander confirms the receipt of mobile money, and the smart contract is fully settled.
• The user can rate the transaction and the receiver, providing feedback for future users.

--------------------------------------------------------

Workflow for the Receiver (User 2):

1.Connect Wallet

• The user connects their Cardano wallet to the Adaex platform.

2.Browse Exchange Requests

• The user browses open exchange requests in their country using the Adaex P2P marketplace.
• They filter by their preferred conditions (amount, rate, mobile money provider, etc.).

3.Accept Exchange Request

• The receiver selects a request and agrees to the conditions. The smart contract is triggered, and they receive the Demander's ADA upon completing their part of the exchange.
• The smart contract ensures that ADA is held in escrow until the exchange is fulfilled.

4.Send Mobile Money

• The receiver sends the agreed amount to the Demander using the specified mobile money service (e.g., M-Pesa).
• They input the mobile transaction details on the Adaex platform for verification.

5.Transaction Confirmation

• The smart contract verifies the mobile money transaction via an oracle or verification method. Once confirmed, the ADA is released from the escrow and sent to the receiver’s wallet.

1. Completion and Rating

• The receiver confirms the successful trade, and the system records the transaction as complete.
• Both users rate each other to ensure trust and transparency for future trades.

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Smart Contract Logic:

• Escrow: The smart contract holds the ADA from the demander until the receiver fulfills their part of the deal.
• Verification: The smart contract uses an external oracle to verify the mobile money transfer.
• Release: After verification, the smart contract releases the ADA to the receiver.
• Dispute Resolution: In case of any disputes, the smart contract has built-in mechanisms to either refund the demander or release funds to the receiver based on evidence of transaction completion.

<u>Target Audience</u>

• Africans with ADA: This segment includes individuals in Africa who have received ADA and seek a seamless platform to convert it for practical usage. Ada Exchange App provides a user-friendly solution for maximizing the utility of ADA within the African context.

• Diaspora Users: Users residing in other continents who intend to send money to Africa form a significant audience. Ada Exchange App facilitates this process through direct exchanges or by leveraging USD transactions within specific regions, ensuring a reliable and cost-effective means of fund transfer.

• Income Seekers: Individuals interested in earning extra income can participate in the platform's investors section. By facilitating exchanges and taking a commission for their services, users have the opportunity to generate additional income through the Ada Exchange App.

• Crypto Investors: Those seeking to invest in cryptocurrencies, specifically ADA, form a crucial target audience. Ada Exchange App serves as a gateway for purchasing ADA, enabling users to capitalize on potential price appreciation and long-term growth opportunities within the crypto market.

• International Money Transfers to Africa: Ada Exchange App caters to a broader audience that includes anyone looking to transfer money to Africa using ADA. Whether for personal transactions or supporting family and friends, the platform offers a secure and efficient channel for international money transfers.

<u>Demonstrating Impact</u>

The impact of Ada Exchange App will be demonstrated through several key metrics:

• User Adoption Rates: Tracking the number of users adopting the platform will showcase its effectiveness in reaching the unbanked population and crypto enthusiasts.

• Transaction Volumes: Monitoring the volume of transactions on the platform will provide insights into the financial activities facilitated by Ada Exchange App.

• Community Growth: The establishment of an active and engaged community around the platform will demonstrate its acceptance and positive impact on users.

• Feedback and Reviews: Regular collection of user feedback and reviews will serve as indicators of user satisfaction and help in making continuous improvements.

<u>Importance to Cardano</u>

The Adaex P2P module is crucial to Cardano’s vision of creating an inclusive and decentralized financial ecosystem. By facilitating direct peer-to-peer transactions between users, particularly in Africa, Adaex supports Cardano's mission of financial inclusion in underserved regions. The project demonstrates the real-world utility of Cardano’s blockchain by solving the liquidity and accessibility challenges faced by traditional exchanges, while promoting the adoption of ADA. Additionally, it aligns with Cardano’s goal of decentralization by empowering users to trade securely without relying on centralized entities, showcasing Cardano's scalability and impact in emerging markets.

Please define the positive impact your project will have on the wider Cardano community

The Adaex P2P module will have a significant positive impact on the wider Cardano community by driving the adoption of ADA and expanding its use in real-world transactions, especially in Africa. This project will showcase Cardano’s potential to solve liquidity challenges while promoting financial inclusion and decentralization.

-&gt;Value to the Cardano Community:

1. Increased ADA Usage: By facilitating peer-to-peer exchanges, Adaex will drive the use of ADA in everyday financial transactions, particularly in regions like Africa where traditional banking services are limited.
2. Showcase of Cardano’s Capabilities: Adaex will demonstrate the power of Cardano’s blockchain for decentralized finance (DeFi) and its utility in promoting global financial inclusion.
3. Wider Adoption in Emerging Markets: By targeting users who rely on mobile money services, we will help introduce a new user base to the Cardano ecosystem, creating more awareness and usage of ADA and Cardano’s technology in Africa.

-&gt;Measuring Impact:

We will measure the impact of the project both quantitatively and qualitatively:

• Quantitative Measures:
• Transaction Volume: Tracking the number and value of P2P exchanges on the Adaex platform.
• User Growth: Monitoring the growth in the number of users, particularly in Africa and among those sending money from outside Africa.
• ADA Adoption: Measuring the amount of ADA used in exchanges, especially in local transactions via mobile money.
• Qualitative Measures:
• User Feedback: Collecting feedback from users on their experience with the platform, its accessibility, and usability.
• Case Studies: Documenting success stories, particularly from local businesses and entrepreneurs who benefit from the decentralized exchange.
• Partnerships: Tracking partnerships with local businesses, mobile money providers, and other stakeholders.

-&gt;Sharing Outputs and Opportunities:

We will actively share the outcomes and opportunities generated by the Adaex P2P module with the broader Cardano community through:

1. Community Updates: Regular updates shared via Catalyst, the Cardano Forum, and social media platforms (e.g., Twitter, LinkedIn).
2. Open-Source Collaboration: Making the codebase for the P2P module open-source, encouraging developers in the Cardano ecosystem to contribute and build upon it.
3. Partnership Announcements: Publicizing partnerships with African businesses and mobile money providers to highlight real-world use cases and expand adoption.
4. Workshops and Webinars: Organizing online events to showcase how the platform works, engaging the Cardano community and educating new users on using ADA for peer-to-peer transactions.

By doing this, the Adaex P2P module will contribute to the broader goals of decentralization and financial empowerment, adding tangible value to the Cardano ecosystem.

What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

Capability to Deliver and Validate Approach Feasibility:

Uptodate Developers is fully equipped and experienced to deliver the Adaex P2P module project with a high level of trust and accountability. Here are the key elements that demonstrate our capability:

• Proven Track Record on Adaex Mainnet: We have already successfully developed and deployed the first version of Adaex, which is live on the Cardano mainnet. This version integrates essential components, including mobile money, the Cardano blockchain, and smart contracts, all of which will be leveraged for the P2P module. This real-world implementation validates our ability to execute complex projects within the Cardano ecosystem.

• over 18 developers, Our team, we have successfully completed and launched more than 18 projects. Among these is Updev Community, which engages the French-speaking Cardano community with over 1,200 users and achieves more than 4,000 monthly unique visitors and 100,000+ annual views.

• Development Expertise: Our company specializes in developing web, mobile, and desktop applications, with a team of 18 experienced developers. Additionally, we manage a community of over 100 developers through our active Telegram channel, providing a solid foundation for collaboration and scalability.

• Blockchain Expertise: We have been actively engaged in blockchain development, particularly on Cardano, for over three years. This experience has sharpened our understanding of decentralized technologies and how to best apply them in practical applications like Adaex.

• Cardano Proficiency: Our team possesses deep expertise in Cardano’s blockchain technology, including smart contracts, decentralized applications (dApps), and blockchain integration. This technical knowledge ensures that we are well-positioned to design and implement the P2P module within the Cardano ecosystem.

• Passion for Innovation: We are committed to pushing technological boundaries, especially within the blockchain space. Our mission is to drive the adoption of Cardano, particularly in French-speaking Africa, by applying our expertise to solve regional challenges, such as financial inclusion through decentralized finance (DeFi).

• Community Engagement and Leadership: Our involvement in the Cardano community spans over three years, where we have organized and participated in multiple events, including the Cardano Summit in 2021, 2022, 2023 and 2024. We also contribute to open-source projects, host live coding sessions on web3, and support the Cardano ecosystem as active community members and ambassadors.

• Ambassadorial Roles: Some of our team members serve as Cardano ambassadors, promoting Cardano through content creation, community engagement, and educational efforts. This positions us as trusted advocates within the Cardano community, reinforcing our commitment to promoting Cardano’s vision.

• Proven Track Record: We have successfully delivered a range of software development projects, as demonstrated in our Uptodate Developers Portfolio. Our work includes complex blockchain integrations and custom application development, all of which have been completed with high standards of quality and accountability.

• Financial Management and Accountability: We have established processes for managing project funds with transparency and responsibility. This includes rigorous financial controls and budgeting strategies to ensure that resources are used efficiently and in line with project objectives. We have successfully handled financial management for multiple customer projects, further validating our capability to manage Catalyst funds responsibly.

Validation of Feasibility:

• The successful deployment of Adaex on mainnet serves as direct evidence of our ability to deliver functional, blockchain-based solutions.
• We will use established Cardano APIs such as Mesh and Koios to ensure the technical feasibility of the P2P module.
• We will collaborate with the Cardano community and mobile money providers to test and refine the P2P system, ensuring it meets user needs and scales appropriately.

Our strong foundation in development, blockchain expertise, community leadership, and responsible financial management makes us uniquely qualified to execute the Adaex P2P module with high levels of trust and accountability.

What are the key milestones you need to achieve in order to complete your project successfully?

Milestone 1: Milestone 1: UI/UX Design of Full Process (Month 1)

A. Milestone Outputs:

• Complete UI/UX design for the entire P2P module process, created in Figma.
• User flows for both demander and receiver, covering all stages from wallet connection to transaction completion.
• Design of key interfaces, including exchange request creation, acceptance, and transaction confirmation screens.

B. Acceptance Criteria:

• Final UI/UX design reviewed and approved by the team.
• All user flows documented and aligned with the technical specifications.
• Design ready for frontend development.

C. Evidence of Milestone Completion:

• Figma file shared with the team and stakeholders for review.
• Screenshots and design assets uploaded to project repository.

Milestone 2: Milestone 2: Frontend Integration and Smart Contract Testing (Months 2-3)

A. Milestone Outputs:

• Frontend integration completed for the P2P module based on Figma designs.
• Basic smart contract integration for creating and locking ADA in escrow.
• Initial testing of the smart contract in a test environment.

B. Acceptance Criteria:

• Functional frontend user interface connected to backend logic.
• Smart contract deployed and successfully tested in a simulated environment.
• Key functionalities such as request submission and escrow locking are operational.

C. Evidence of Milestone Completion:

• Working demo showing frontend integration and smart contract interaction.
• Test reports from initial smart contract testing.
• Codebase updates in the project repository.

Milestone 3: Milestone 3: Smart Contract and Mobile Money Integration (Month 4)

A. Milestone Outputs:

• Full integration of smart contracts with mobile money systems (e.g., M-Pesa, Airtel Money).
• Secure exchange logic between ADA and local currency using mobile money services.
• End-to-end functionality for handling transactions from ADA to mobile money.

B. Acceptance Criteria:

• Smart contract verified and connected with mobile money APIs.
• Successful testing of the end-to-end transaction workflow (ADA to mobile money) in a pre-production environment.
• No major bugs or security vulnerabilities identified during integration.

C. Evidence of Milestone Completion:

• Test transactions and logs showing successful ADA-to-mobile money exchanges.
• Screenshots or videos of the integration in action.
• Updated codebase reflecting mobile money integration.

Final Milestone: Final Milestone: Complete Transaction Testing on Pre-production (Month 5-6)

A. Milestone Outputs:

• Comprehensive testing of the full P2P transaction flow on the pre-production environment.
• End-to-end testing of all user interactions, smart contract executions, and mobile money transfers.
• Bug fixing, security audits, and optimizations based on pre-prod testing.

B. Acceptance Criteria:

• Successful test of complete transactions (ADA to mobile money) in a pre-production setting.
• All major bugs resolved, and security measures validated.
• Ready for mainnet deployment and open testing.

C. Evidence of Milestone Completion:

• Transaction logs from pre-production tests demonstrating full functionality.
• Security audit report and bug fix logs.
• Pre-production environment reports shared with stakeholders.

Who is in the project team and what are their roles?

[RESOURCES] Who is in the project team and what are their roles?

Answer:

• Uptodate Developers

Uptodate Developers is a company working in the promotion of new information and communication technologies under two aspects: By designing adapted solutions that contribute to the resolution of social problems and by promoting technology to young people. We train developers to understand customers problems, so that our team can suggest IT Software as part of the solution to the problems. We have two type of developers : Permanent and Freelances. When a project need skills that our permanent developers have, we hire freelances.

• Dan Baruka

Project leader

CEO of Uptodate Developers.

Entrepreneur and Blockchain developer, Dan baruka is a software engineer and technology entrepreneur based in Kinshasa (Democratic Republic of Congo). He is the co-founder of the startup Uptodate Developers, which brings together young people working in new information and communication technologies. Its objective is to contribute to positively change Africa by using new technologies in entrepreneurship to contribute to the resolution of Africa's problems.

Languages : French &amp; English

<https://www.linkedin.com/in/dan-baruka-6a3423188>

• Kwame Adjei

Blockchain developer

Kwame Adjei is a talented blockchain developer with a passion for leveraging technology to drive social and economic progress. Holding a degree in Computer Science, Kwame has gained expertise in blockchain development and decentralized applications (dApps). He is proficient in programming languages such as Solidity, JavaScript, and Python, enabling him to build secure and efficient smart contracts. Kwame has completed several blockchain-focused training programs and is actively involved in the African blockchain community. With a strong commitment to innovation and a deep understanding of the local ecosystem, Kwame aims to contribute to the adoption of blockchain technology across Africa.

Languages : French &amp; English

• Josephine Ndeze

Team Leader | Chef Operating Officer

COO at Uptodate Developers and Blockchain entrepreneur. Software engineer, Tech entrepreneur in Kinshasa (DR-Congo), Mandela washington fellowship Allumi 2022 | The Next Einstein Forum (NEF) Ambassador (2019-2021) | MissGeekAfrca 2019.

Languages : French &amp; English

<https://www.linkedin.com/in/josephine-ndeze-54115b188/?originalSubdomain=cd>

• Yannick Nsenga

DevOps and Project Manager

Cardano Blockchain and senior blockchain developer : Haskell and Plutus, Software Engineer, Expert in application architecture, web full stack developer, Web 3.0, vue.js, Laravel, Node Js, Vuejs, Core.

Languages : French | English

<https://www.linkedin.com/in/yannick-nsenga-121558ba/>

• Priscille Bampata

Regional project Coordinator at UPDEV | Administrative

Coordinator at Uptodate Developers, passionate about new information and communication technology, medicine and management.

Languages : French &amp; English

<https://cd.linkedin.com/in/priscille-bampata-1b4a76224>

• Vital yengayenga

Community Manager | RS content strategy

Digital Marketing, Graphic Design, User Experience Design (UX), Copywriting, Copywriting, User Experience Writing, Content Strategy, Blog

Languages : French | English

• Luccin Masirika

Web and Web 3.0 developer

Software Engineer | Web &amp; Blockchain Developer at Uptodate Developers

Development and design of new relevant web technologies. Design of optimized web applications, Data structure, Productivity and professionalism on adequate solutions,

Specialized in JavaScript d, Backend: NodeJs.

Language : French

<https://www.linkedin.com/in/luccin-masirika/?originalSubdomain=cd>

• Hassan Tunmise Hahfyeez

Creative | UI/UX Designer

UIUX Designer | Brand Identity Designer at Uptodate Developers | A Product designer passionate about building viable products enabling users to have a good experience.

Language : English

<https://www.linkedin.com/in/hassan-tunmise-hahfyeez-39991791/>

• Jack Mutobu

Senior web developer at Uptodate Developers.

Haskell and Plutus trainer, Microsoft ambassador. Blockchain content producer.

Languages : French | English

• Ebed Melek

Web Developer

Software Engineer, Mobile and web developer at Uptodate Developers

Language : French

<https://www.linkedin.com/in/ebed-meleck-makoso-0579b513a/>

Please provide a cost breakdown of the proposed work and resources

Total Planned Budget: 136,000 ₳

Milestone 1: UI/UX Design in Figma (Month 1)

Expected Cost: 17,500 ₳

• 1 UI/UX Designer
• Rate: 40 ADA per hour
• Hours: 150 hours
• Cost: 6,000 ₳
• 1 Front-end Developer (for initial design feedback and integration preparation)
• Rate: 30 ADA per hour
• Hours: 100 hours
• Cost: 3,000 ₳
• DevOps (for setting up design environment and collaboration tools)
• Fixed Cost: 2,500 ₳
• Project Management and Documentation
• Fixed Cost: 6,000 ₳

Total Budget for Milestone 1: 17,500 ₳

------------------------------------------------------

Milestone 2: Integrating the Frontend and Testing the Smart Contract (Months 2-3)

Expected Cost: 36,100 ₳

• 1 Front-end Developer
• Rate: 30 ADA per hour
• Hours: 150 hours
• Cost: 4,500 ₳
• 1 Back-end Developer (for API integration and smart contract testing)
• Rate: 30 ADA per hour
• Hours: 150 hours
• Cost: 4,500 ₳
• 1 Web3 and Blockchain Developer
• Rate: 50 ADA per hour
• Hours: 150 hours
• Cost: 7,500 ₳
• Smart Contract Audit (security testing and validation of the smart contract)
• Fixed Cost: 10,000 ₳
• DevOps (for deployment of smart contract on preprod)
• Fixed Cost: 3,500 ₳
• Mobile Money Wallet for Testing in Preprod
• Fixed Cost: 6,000 ₳
• Project Management and Documentation
• Fixed Cost: 100 ₳

Total Budget for Milestone 2: 36,100 ₳

------------------------------------------------------

Milestone 3: Smart Contract and Mobile Money Integration (Month 4)

Expected Cost: 55,800 ₳

• 1 Front-end Developer
• Rate: 30 ADA per hour
• Hours: 150 hours
• Cost: 4,500 ₳
• 1 Back-end Developer
• Rate: 30 ADA per hour
• Hours: 150 hours
• Cost: 4,500 ₳
• 1 Web3 and Blockchain Developer
• Rate: 50 ADA per hour
• Hours: 150 hours
• Cost: 7,500 ₳
• DevOps (for smart contract deployment and mobile money integration)
• Fixed Cost: 5,000 ₳
• Best Mainnet Ada Exchange App Wallet (Ada and Mobile Money)
• Fixed Cost: 30,000 ₳
• Project Management and Documentation
• Fixed Cost: 4,300 ₳

Total Budget for Milestone 3: 55,800 ₳

------------------------------------------------------

Milestone 4: Complete Testing on Preprod and Final Launch (Month 5-6)

Expected Cost: 26,600 ₳

• 1 Front-end Developer
• Rate: 30 ADA per hour
• Hours: 150 hours
• Cost: 4,500 ₳
• 1 Web3 and Blockchain Developer
• Rate: 50 ADA per hour
• Hours: 100 hours
• Cost: 5,000 ₳
• DevOps (for preprod deployment and testing)
• Fixed Cost: 4,500 ₳
• Testing Team (for user onboarding and preprod transaction verification)
• Fixed Cost: 6,000 ₳
• Marketing &amp; Publicity Campaign (to promote the platform launch)
• Fixed Cost: 6,500 ₳

Total Budget for Milestone 4: 26,600 ₳

YES: The project relies on Cardano Blockchain open-source APIs such as Mesh API and Koios. These are essential for enabling decentralized functionalities and facilitating the P2P transactions on the Adaex platform. Access to these APIs ensures smooth integration with the Cardano ecosystem, enabling key features like data access, transaction management, and blockchain connectivity.

How does the cost of the project represent value for money for the Cardano ecosystem?

The cost of the Adaex P2P module project represents strong value for money for the Cardano ecosystem due to several key factors that ensure efficient use of resources, while delivering a high-impact solution that aligns with Cardano’s goals of decentralization and financial inclusion.

-&gt;Justification of Costs:

Development Costs:

• The rates for developers are based on average freelance rates within the blockchain and web3 development industry. For example, the rate of 30 ADA per hour for front-end and back-end developers and 50 ADA per hour for blockchain developers is within the standard range for experienced professionals working on specialized, high-demand skills.
• The developers on this project are highly skilled, ensuring that the P2P module is built with robust security, scalability, and a user-friendly interface, reducing future maintenance costs or potential issues.

DevOps and Smart Contract Security:

• The fixed costs for DevOps and smart contract auditing reflect the importance of maintaining secure, efficient deployment processes and ensuring that smart contracts are thoroughly tested for vulnerabilities.
• Given the sensitive nature of peer-to-peer transactions and the importance of trust within the Cardano ecosystem, investing in top-tier security measures prevents larger costs or security breaches in the future.

Mobile Money Integration:

• Integrating mobile money systems is crucial for this project, especially for markets like Africa where mobile money is a key financial tool. The fixed costs for this integration reflect the need for specialized services to ensure the system works seamlessly, creating significant real-world utility for ADA and Cardano.

User Testing and Feedback:

• The allocation of funds for testing the system in pre-production is critical for gathering real-world feedback and ensuring a smooth, user-friendly experience. Investing in this phase avoids potential pitfalls and ensures that the system is fully operational at launch.

-&gt;Value for the Cardano Ecosystem:

Driving ADA Adoption:

• By creating a P2P module that facilitates direct transactions between ADA and local currencies via mobile money, this project enables users in underbanked regions to access Cardano’s financial ecosystem. This will drive greater adoption of ADA, especially in emerging markets, which supports Cardano’s long-term vision of financial inclusion.

Decentralization and Accessibility:

• This project removes reliance on centralized exchanges, enhancing the decentralized ethos of the Cardano blockchain. It gives users greater control over their transactions, reducing fees and increasing accessibility, particularly in regions with limited access to traditional banking systems.

Proportional to Industry Standards:

• The costs reflect industry-standard wages for blockchain developers, ensuring that we attract and retain top talent for this project. The investment in quality developers ensures that the project is built efficiently and to a high standard, reducing potential risks in the future.

-&gt; Conclusion:

The Adaex P2P module is an essential, high-impact project that provides real-world utility for ADA and promotes Cardano’s mission of decentralization and financial inclusion. By aligning costs with industry standards and focusing on critical areas like security, scalability, and mobile money integration, the project delivers significant value for the Cardano ecosystem, ensuring that resources are used efficiently to drive long-term growth and adoption.