Please describe your proposed solution

Our solution is to develop a Telegram mini app that combines Cardano coin trading and whale movement tracking in a single, easy-to-use platform. The problem we're addressing is the fragmentation of tools for trading and monitoring the Cardano ecosystem, which makes it difficult for users to engage efficiently. Currently, traders must use separate applications to trade and follow whale movements, missing the opportunity for streamlined interactions and real-time insights.

Reasons for this approach:

• Accessibility: Telegram has a massive user base and is frequently used by the crypto community, making it an ideal platform for seamless adoption.
• Efficiency: By integrating trading and whale tracking into one app, users will save time and have a better trading experience, using real-time whale movement data to make informed decisions.
• Engagement: The app will engage both retail traders and large investors, as whale movements often signal market trends. This transparency can empower more users within the Cardano ecosystem to act with confidence.

Project Engagement:

• We expect to engage the Cardano community on Telegram, crypto traders, and enthusiasts who want a simplified solution for trading ADA while staying updated on market dynamics.

Proving Impact:

• Impact will be measured by user adoption rates, trade volume processed through the app, and user feedback on how the app affects their trading strategies and decision-making.

Why this matters to Cardano: This solution enhances user experience within the Cardano ecosystem by offering a new way to interact with the market, fostering greater engagement, trading volume, and transparency.

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

The positive impact of our project on the Cardano community will be multifaceted:

1. Increased Trading Activity: By providing an accessible platform within Telegram, more users will engage in Cardano coin trading, increasing overall transaction volume and liquidity within the ecosystem.
2. Improved Market Insights: The whale movement tracking feature will provide valuable real-time data, allowing both retail and institutional investors to make informed decisions. This transparency will build trust and drive deeper engagement with Cardano.
3. Greater Ecosystem Adoption: With a user-friendly interface, the app lowers the barrier to entry for new traders and crypto enthusiasts, attracting more participants to the Cardano network.

Measuring Impact:

• Quantitative Metrics:
• User adoption rate: Number of app downloads and active users.
• Trading volume processed through the app.
• Whale movement data accessed: Number of users utilizing whale tracking.
• Community growth: Increased participation in Cardano-related Telegram groups.
• Qualitative Metrics:
• User feedback on the app’s ease of use, its effect on their trading strategies, and insights gained from whale movement tracking.
• Testimonials and case studies from traders benefiting from the app.

Sharing Outputs:

We will share our outputs and impact through:

• Public reports: We will release periodic reports detailing user adoption, trading volume, and any insights on whale movement behavior.
• Community engagement: Through active engagement on Telegram, Twitter, and the Cardano Forum, we will keep the community informed about app updates and successes.
• Open-source contribution: As part of our commitment to the Cardano community, we will explore open-sourcing portions of the project, allowing developers to build on top of our solution.

By fostering greater engagement, transparency, and ease of trading, our project will enhance the overall utility and appeal of 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?

We are confident in our ability to deliver this project with high levels of trust and accountability due to our team's extensive experience in blockchain development, software engineering, and project management. Our past successes in building and delivering blockchain-based applications, combined with our deep understanding of the Cardano ecosystem, position us well to ensure this project's success.

Team Capability:

1. Blockchain Expertise: Our development team has hands-on experience in building decentralized applications (dApps) on the Cardano blockchain. This includes integrating smart contracts, handling secure transactions, and creating responsive user interfaces that prioritize security and performance.
2. Software Engineering: We have a strong background in developing scalable software solutions, especially in building secure and efficient applications. We have already delivered successful projects using Node.js, Express, and APIs similar to those we will integrate into the Telegram mini app.
3. Project Management: We have a structured approach to project development, using agile methodologies to ensure timely delivery, efficient use of resources, and adaptability to any challenges that arise. Our team is well-versed in managing both small- and large-scale crypto-related projects.

Feasibility & Validation:

1. Technical Feasibility: We have already validated that the core technologies required (Telegram’s Bot API, Cardano’s DEXs, and whale tracking tools) can be integrated smoothly. Initial research has shown that we can build this app using existing tools, ensuring functionality and scalability.
2. User Testing: We will release an early beta version to a group of Cardano traders and enthusiasts for testing. This will allow us to collect feedback, validate user interest, and make improvements before the full release.
3. Milestones and Timelines: We have clearly defined milestones to track progress, ensuring that development stays on schedule. This includes weekly sprints, internal reviews, and progress reports to the Cardano community.

Trust & Accountability:

1. Transparent Financial Management: All project funds will be managed transparently, with regular budget updates shared with the Cardano community. We will allocate resources based on pre-defined milestones and ensure that expenses align with the proposal’s scope.
2. Regular Reporting: We will provide monthly updates on project development, user adoption, and financial spending. These updates will be shared on platforms such as Telegram, Twitter, and Project Catalyst.
3. Community Engagement: As active members of the Cardano ecosystem, we will ensure that the community remains involved and informed throughout the project. We will collect feedback, engage in discussions, and adapt the project based on community needs.

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

Milestone 1: App Architecture & API Integration Setup (Month 1)

• Objective: Establish the core framework for the Telegram mini app and integrate APIs for trading and whale movement tracking.
• Tasks:
• Finalize the technical architecture.
• Set up development environments for both the front-end (Telegram interface) and back-end (API integrations).
• Integrate Telegram's Bot API to handle user inputs and interactions.
• Implement API connections to Cardano DEXs for trading functionality.
• Begin development of whale movement tracking features using Cardano blockchain data.
• Acceptance Criteria:
• Functional Telegram bot interface with basic user commands.
• Successful API integration with Cardano DEXs for trading and blockchain data feeds for whale movement tracking.

Milestone 2: Beta Version Release & User Testing (Month 2)

• Objective: Develop a beta version of the app, ready for user testing.
• Tasks:
• Complete front-end development for all key features (trading and whale tracking).
• Set up a limited beta testing group with Cardano traders and enthusiasts.
• Collect and analyze feedback for UI/UX improvements and bug fixes.
• Implement basic portfolio management features (tracking user holdings and trade history).
• Acceptance Criteria:
• Beta version of the app released to testers.
• Collected feedback and implemented critical fixes.
• Whale tracking and trading functionality operational in the beta.

Milestone 3: Full App Release & Marketing (Month 3)

• Objective: Launch the full version of the Telegram mini app to the public.
• Tasks:
• Complete all UI/UX enhancements based on beta feedback.
• Finalize all remaining features, including real-time notifications and advanced whale movement tracking.
• Deploy the app for public use within Telegram.
• Execute a marketing campaign to promote the app within the Cardano community and broader Telegram groups.
• Acceptance Criteria:
• Fully functional app available for public use.
• Marketing materials shared on Telegram, Twitter, and Cardano forums.
• User adoption tracking begins.

Milestone 4: Post-launch Review, Project Close-out Report, and Video (Month 4)

• Objective: Finalize the project with a close-out report and a video summarizing the outcomes.
• Tasks:
• Collect and analyze user adoption data, trading volumes, and whale movement tracking usage.
• Prepare a detailed project close-out report, including lessons learned, financials, and next steps.
• Create a video showcasing the app’s development process, key features, and community impact.
• Acceptance Criteria:
• Project close-out report submitted.
• Project summary video completed and shared with the community.
• Feedback from users and key stakeholders reviewed for future improvements.

Final Milestone: Continuous Improvement & Feature Expansion (Month 5)

• Objective: Enhance the app with additional features and refine its performance based on user feedback.
• Tasks:
• Analyze post-launch data to identify areas for improvement.
• Implement new features such as advanced whale tracking metrics, trading bots, or portfolio analytics.
• Enhance security features and optimize performance for higher user engagement.
• Collaborate with the Cardano community for further feedback and improvements.
• Acceptance Criteria:
• Successful implementation of new features based on user demand.
• Improved user retention and engagement metrics.
• Positive feedback from users regarding performance, security, and feature set.

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

Project Team:

1. Mariamawit Yohannes Yegltu (Project Lead)

• Role: As the project lead, Mariamawit will oversee the entire development process, ensuring that the project stays on track and aligns with the proposal’s objectives. She will also manage the team, coordinate tasks, and ensure the successful delivery of the app.

1. Djibril Konate (Blockchain Developer & Technical Lead)

• Role: Djibril will be responsible for developing the core technical components of the project, including blockchain integrations, trading features, and whale movement tracking. He will lead the technical implementation and ensure the app is secure and functional.

Additional Team Members to Be Recruited:

To ensure the successful completion of the project, we plan to recruit the following additional roles:

1. Security Specialist:

• Expertise in blockchain security to ensure safe and encrypted transactions within the app.

1. Telegram API Specialist:

• Experience in working with Telegram’s Bot API to ensure smooth user interactions and feature integration.

These additional team members will help reinforce the technical and security aspects of the project, ensuring that we deliver a high-quality, secure mini app for the Cardano ecosystem.

Please provide a cost breakdown of the proposed work and resources

Total Requested Funding: 120,000 ADA

Cost Breakdown by Milestone:

Milestone 1: App Architecture & API Integration Setup (Month 1)

• Development Tools & Infrastructure:
• Server hosting and cloud infrastructure: 4,000 ADA
• Software tools for API integration and testing: 2,500 ADA
• Team Costs:
• Mariamawit Yohannes Yegltu (Project Lead): 6,000 ADA
• Djibril Konate (Blockchain Developer): 8,000 ADA

Total for Milestone 1: 20,500 ADA

Milestone 2: Beta Version Release & User Testing (Month 2)

• Beta Testing & Feedback Collection:
• User testing incentives (rewards for beta testers): 3,000 ADA
• Development:
• Further app development (whale tracking, UI/UX adjustments): 6,500 ADA
• Team Costs:
• Mariamawit Yohannes Yegltu: 6,000 ADA
• Djibril Konate: 8,000 ADA

Total for Milestone 2: 23,500 ADA

Milestone 3: Full App Release & Marketing (Month 3)

• Marketing & Promotion:
• Social media marketing campaign: 10,000 ADA
• Community outreach and engagement (Telegram, Twitter, Cardano forums): 2,000 ADA
• Development Finalization:
• Finalizing UI/UX, notifications, and performance optimization: 7,000 ADA
• Team Costs:
• Mariamawit Yohannes Yegltu: 6,000 ADA
• Djibril Konate: 8,000 ADA

Total for Milestone 3: 33,000 ADA

Milestone 4: Post-launch Review, Project Close-out Report, and Video (Month 4)

• Reporting & Documentation:
• Creation of project close-out report and video: 4,000 ADA
• Professional video editing for the project showcase: 3,000 ADA
• Team Costs:
• Mariamawit Yohannes Yegltu: 6,000 ADA
• Djibril Konate: 8,000 ADA

Total for Milestone 4: 21,000 ADA

Milestone 5: Continuous Improvement & Feature Expansion (Month 5)

• Feature Development:
• New features (advanced whale tracking, security updates, etc.): 10,000 ADA
• Security Audit:
• Third-party security audit: 7,000 ADA
• Team Costs:
• Mariamawit Yohannes Yegltu: 6,000 ADA
• Djibril Konate: 8,000 ADA

Total for Milestone 5: 31,000 ADA

Third-party Services:

• Security Audit: 7,000 ADA (allocated in Milestone 5)
• Cloud Hosting & Tools: 4,000 ADA (Milestone 1)

Publicity/Marketing:

• Social media and outreach campaign: 12,000 ADA (Milestone 3)

Project Management, Documentation & Reporting:

• Regular community updates and reports: 4,000 ADA (spread across milestones)

Grand Total: 120,000 ADA

This budget ensures we allocate resources efficiently across development, marketing, security, and reporting, with a focus on delivering a high-quality product to the Cardano community.

No dependencies.

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

1. Impact on Ecosystem Engagement:

The Telegram mini app will serve a dual purpose: enabling Cardano coin trading and offering whale movement tracking. Both features encourage more frequent and informed participation in the Cardano network. This not only drives liquidity and trading volume but also increases overall community engagement. The return on this investment is reflected in heightened user activity and new user adoption, as we provide tools that will boost Cardano’s visibility and utility.

2. Cost Justification:

We carefully aligned the project costs with market rates for blockchain developers, security specialists, and UI/UX design:

• Developer Rates: For blockchain development, we based our estimates on average rates for skilled developers in the blockchain sector. The salaries reflect competitive freelance rates and compensation for specialized expertise in Cardano and Telegram API integration.
• Security & Third-party Audits: A portion of the budget is allocated to a professional third-party security audit, essential for ensuring the safety of user funds and app integrity. Security is a priority in crypto projects, and the audit is crucial to gain user trust.

3. Long-term Benefits:

The cost of this project is not just a one-time investment—it lays the groundwork for long-term community engagement and Cardano ecosystem expansion. The app can serve as a gateway for new users, who will be drawn to the platform for its convenience and real-time insights. This growth potential far outweighs the project’s initial cost.

4. Comparison with Industry Standards:

Considering the average cost for developing blockchain apps and dApps, our project falls within a reasonable range. We have also allocated resources for future feature expansions, security audits, and continuous user feedback, ensuring that the platform remains competitive and secure over time.

5. Efficient Use of Funds:

The team has experience in delivering cost-effective solutions. Our strategy of leveraging existing APIs and platforms like Telegram minimizes development overhead while maximizing user engagement. By focusing on a mini app rather than a full standalone application, we reduce costs while providing immense value through user-friendly integration.

In summary, this project represents a high-impact, low-cost investment with tangible benefits for the Cardano community. The funds will be used efficiently to deliver a product that drives ecosystem growth and user participation.