not approved
Funding real world Businesses
Current Project Status
Unfunded
Amount
Received
$0
Amount
Requested
$42,810
Percentage
Received
0.00%
Solution

We aim to provide a platform where businesses and startups will be able to easily create, manage and sell their business tokens.

Problem

It’s hard for businesses and startups to get quick and easy access to funding, impeding many great ideas to be real.

Impact / Alignment
Feasibility
Auditability

Team

1 member

Funding real world Businesses

Please describe your proposed solution.

Our goal is to provide crowdfunding for all, from a small business in Japan to a 20-year-old in Taiwan who has a brilliant idea that can change the world, in both cases the lack of adequate funding impedes them to thrive and realize all their potential.

Though crowdfunding on its own will not solve all the issues along the way an entrepreneur or company can face, additional funding could be needed and investors as well should have a mechanism that allows them to securely invest and de-invest whenever required.

All of these can be easily done, through Cardano's blockchain native multi token capabilities, facilitating the mechanisms for Tokenization of businesses by minting their Digital Assets in the Cardano blockchain, enabling funding and liquidity for both the company and the investors.

For all these to happen, we are developing and providing a platform as a service, in which companies can strategize, create, manage and sell their tokens. And for small and big investors the functionality to browse through lots of innovative ideas and choose to invest whatever amount of money they choose by purchasing their tokens.

<u>Link to our Whitepaper: </u>

https://drive.google.com/file/d/1UISVos_ZoCCCtyLjkZ9KgOouII8IhM-Y/view

Token Allies was funded in F7 in “Grow LATAM, Grow Cardano challenge and we are currently developing our first MVP ( https://cardano.ideascale.com/c/idea/382611 ), we also got funded in F8 in the “Grow East Asia, Grow Cardano” Challenge for targeting Investors from East Asia, which we are currently starting to execute.

This proposal will focus on developing our 2nd MVP for our platform. So far, we´ve been developing our first MVP and now we will be continuing with our MVP´s development.

So far, we´ve developed the platform's infrastructure in Netlify using React in the front end, GraphQL and a Graph DB. All this infrastructure is automated via CI/CD pipeline and it is fully scalable and elastic to accommodate for high demand. The Data Model was created and implemented. The platform was integrated with AUTH0 security and authentication service to maximize the protection of user's profiles.

Currently the system has basic functionality for Investors, where they can search investments opportunities. A general investor Dashboard was also created. The company owner side is still under development, expecting to finish by the end of July.

*MVP Pictures Attatched

In this proposal, we would like to continue our development efforts by generating the MVP 2. It'll be a 3-month effort, that will deliver the following functionalities:

  • ADA Wallet connector (Leveraging Eternl or gamechanger) (<https://eternl.io/app/mainnet/welcome-> <https://gamechanger.finance/>

  • ALLI Token Launch Site

  • Integration with a decentralized exchange (such as Minswap, MuesliSwap or SundaeSwap) in order to enable investors to transact ALLI on a secondary market

Please describe how your proposed solution will address the Challenge that you have submitted it in.

“Novel and viable applications and products get built on top of Cardano attracting users. Integrations manage to pull in more adoption.”

Being able to finance real world businesses could massively boost Cardano's userbase, providing broader investing possibilities in the Cardano ecosystem. RealFi is a huge aspect of Cardano´s vision and we aim at providing the Cardano community the opportunities to invest in real world businesses

ADA Holders will be able to Invest in businesses, buy tokens with their ADA, and the invested company will then become an ADA Holder on its own. With this we will be helping achieve the Challenge objectives by generating new members for the Cardano Ecosystem

What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?

-<u>First Risk:</u> Possible delays by the exit of developers from the team. We will mitigate that by having a ready to go funnel of devs ready to join the team.

<u>-Second Risk:</u> Correct Integration with Dex. We are mitigating this by keeping our options open to all possibilities.

Please provide a detailed plan, including timeline and key milestones for delivering your proposal.

<u>MONTH 1</u>

Week 1 - Planning and Design for ADA Wallet connector

Week 2 - Development starts - UX adapt the necessary screens

Week 3 - Review of Sprint 1 - Adjustments on Velocity and Backlog - Development Continues - Testing

Week 4 - Bug fixing - final tests and adaptation - Delivery of the Wallet module integration

<u>MONTH 2</u>

Week 5 - Planning and Design for ALLI Token Launch site

Week 6 - Development starts - UX finalize the necessary screens

Week 7 - Review of Sprint 3 - Adjustments and Learnings - Backlog adjustments - Development and Testing

Week 8 - Bug Fixing - final tests and adaptation - Delivery of the Token Launch site

<u>MONTH 3</u>

Week 9 - Planning and Design for DEX integration

Week 10 - Development start - Review of APIs and flow

Week 11 - Review Sprint 5 - Adjustments and Learnings - Backlog adjustments - Development and Testing

Week 12 - Bug Fixing - final tests and operational tests - Delivery of the Integration with DEX

Please provide a detailed budget breakdown.

-PM (30% Assignment) = 1000 USD a Month x 3 = 3000 USD

-UX (30% Assignment) = 1000 USD a Month x 3 = 3000 USD

-3 Full stack Developers for 4000 USD x 3 = 36.000 USD

-Infrastructure - Netlify (70 USD x 6 months) = 420 USD

-Neo4J = 65 x 6 = 390 USD

<u>TOTAL: 42.810 USD </u>

PM, UX and the 3 developers are already working in our team.

Please provide details of the people who will work on the project.

We are 3 partners from Argentina, who are active members in Catalyst, looking to leave a footprint in the world. We are passionate about the potential that Cardano can provide to people all over the world.

From the two original founders now, our team has grown to a team of over 7 people in 3 different continents and we are looking to expand it even more!

Lucas Macchiavelli

Lucas started his journey in the traditional stock markets, and quickly made his road into a passion at 19 years old. After advising several clients to traditional investments he turned his sight into Cryptocurrencies and Blockchain Technology, where he recognized it's life changing potential. Thanks to blockchain technology many doors that were previously closed opened, crowdfunding was one of them. After seeing the difficulties with traditional funding methods, he came up with Token Allies. F8 Proposal Assessor & Cardano Ambassador.

F7 Founded Proposer (https://cardano.ideascale.com/c/idea/382611)

F8 Founded Proposer (https://cardano.ideascale.com/c/idea/400427)

Linkedin: https://www.linkedin.com/in/lucasmacchiavelli/

Alex Pestchanker

Alex has 20+ years of experience building Digital Products and Companies. He has a dual background, on one side a Solutions Architect and Developer (Cloud, Blockchain, C#, .NET, Java, Angular, DevOps) and on the other side a Company Builder and Advisor, building high-performance teams to deliver products that customers love (Customer Development, Agile, Lean, Design Thinking). Alex is also a professor and public speaker, helping to build common knowledge around Digital Transformation, Exponential Organizations, and Abundance.

Within Cardano, Alex is an active community member, performed as Community Advisor in F6 and F7, with high ratings on his assessments, vCA in F7 and won several funds for his proposals, such as: F6: Proposals Mentors Marketplace ( https://cardano.ideascale.com/a/dtd/369749-48088 ), F7: Proposals Mentors Marketplace -cont (<https://cardano.ideascale.com/c/idea/382926>), F7: Easy Engagement - New members -AIM (<https://cardano.ideascale.com/c/idea/381856>), among others.

Alex is also a 1st cohort ATALA-Prism Pioneer and a 3er cohort Plutus pioneer.

Linkedin: https://www.linkedin.com/in/apestchanker/

Facundo Lopez

His entrepreneurial mindset has led him to develop skills and live experiences throughout his company path that were essential when it came to create, design and execute Token Allies. His ambition, passion, perseverance and abilities, combined with all the knowledge acquired during his academic training, are crucial when carrying out and managing the project, especially when taking care of administrative issues.

Linkedin: https://www.linkedin.com/in/facundo-l%C3%B3pez-franceschi-b13814184/

Both Alex and Lucas are cofounders of the LATAM Cardano Community helping to building impact in and out of the Latin America ecosystem and hosts of the LATAM Townhall (<https://cardano.ideascale.com/c/idea/380974>) a weekly meeting for the Latinamerican community

If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.

Yes, Catalyst has proven to be a great place for funding projects, getting exposure and feedback from the community.

Please describe what you will measure to track your project's progress, and how will you measure these?

<u>Key Progress indicators:</u>

  • ADA Wallet connector Implemented by the end of the 1st Month

  • ALLI Token Launch Site ready by the end of the 2nd Month

  • Dex integration for ALLI by the end of the 3rd Month

Updates will be posted in our Groups and Channels: linktr.ee/token_allies

What does success for this project look like?

Success on this project would be implementing all of these updates with as little setbacks as possible, and running the developing team smoothly.

Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.

F7 funded Proposal for building our First MVP

<https://cardano.ideascale.com/c/idea/382611>

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