not approved
Reusable Marketplace for any digital asset
Current Project Status
Unfunded
Amount
Received
₳0
Amount
Requested
₳72,000
Percentage
Received
0.00%
Solution

We will create a marketplace reusable for any digital assets that will help other developers to use in order to create dApps and increase adoption in a fast pace.

Problem

Although marketplaces for digital assets are very common components for dApps, there is still not a open source modular marketplace that can be reusable to everyone in the Cardano Community.

Feasibility
Value for money
Impact / Alignment
Reusable Marketplace for any digital asset

Please describe your proposed solution.

We propose to build an open source marketplace where the developers will be able to interact with different Plutus components so that the Cardano Community will develop dApps in faster pace.

The project will engage with all the Developers Community and the stakeholders of the Cardano Projects that has the need of having a marketplace in their dApps.

We will prove our impact measuring the dApps built using our marketplace.

How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

The Cardano Ecosystem will have an open source component that will accelerate the development of dApps.

How do you intend to measure the success of your project?

Measuring the dApps built using this component.

Please describe your plans to share the outputs and results of your project?

We will attend Town Halls weekly where we will share our progress and we will reach out to the Cardano Community through Discord, Telegram and Twitter.

What is your capability to deliver your project with high levels of trust and accountability?

Our team brings a unique blend of industry experience and technical acumen as we have a proven track record. Our core team has worked in IOG for the last 2 years, in Fintech and Blockchain for over a decade. We have strong financial management skills, underscored by experience with previous startups. We've managed budgets effectively, ensuring optimal use of resources.

We ensure proper management of funds through:

  1. Detailed Budgeting: We allocate funds comprehensively to cover all project expenses.
  2. Financial Controls with Multi-Sign Wallets: We ensure strict oversight and security by using multi-signature wallets and implementing approval processes for fund transfers.
  3. Regular Reporting: We provide transparent financial reports to keep stakeholders informed about project finances.
  4. Open Auditing: Our financial processes are auditable by the community and external stakeholders, promoting accountability and independent verification.

What are the main goals for the project and how will you validate if your approach is feasible?

Our main goal is for developers to build their dApps using our Marketplace component.

We will measure our goal with the numbers of projects that are developing using our software.

Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

Milestone 1: Tokenization

Duration: 2 weeks

Success criteria: Digital asset tokenized

Milestone 2: UX/UI

Duration: 3 weeks

Success criteria: Front end for the end users to interact with

Milestone 3: Trade of tokens

Duration: 4 weeks

Success criteria: Transactions between buyers and suppliers

Please describe the deliverables, outputs and intended outcomes of each milestone.

Milestone 1: Tokenization

Deliverable: Smart contracts deployed in test environment.

Milestone 2: UX/UI

Deliverable: Front end deployed with API integration.

Milestone 3: Trade of tokens

Deliverable: Transactions between buyers and suppliers in Production environment

Please provide a detailed budget breakdown of the proposed work and resources.

Milestone 1 - Tokenization

  • Resources: Solution Architect and developer
  • Estimated Man-Hours: 80 hours
  • Cost: ₳ 16,000

Milestone 2 - UX/UI

  • Resources: UX/UI expert and 1 front end developer
  • Estimated Man-Hours: 120 hours
  • Cost: ₳ 24,000

Milestone 3

  • Resources: QA Engineers, Developers
  • Estimated Man-Hours: 160 hours
  • Cost: ₳ 32,000

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

The team is composed of former IOG employees and highly experienced and qualified professionals with diverse backgrounds in fintech, blockchain, and financial markets. The team members have held leadership roles in companies such as IDB, Cardano, NYSE, and Visa, and are dedicated to solving the unique challenges faced by MSMEs in Latin America's financial landscape.

----

Name: Ilan Melendez

Link: [LinkedIn Link]

Email: [Email Address]

Bio: Former IOGeer. As a guy who's spent years immersed in blockchain and IT, Ilan has a knack for juggling tech and strategy. Known as the 'go-to negotiator', he's got an impressive track record of resolving conflicts and building trust.

Responsibilities: He's the one who's going to make sure the project keeps ticking along nicely, while also acting as our main point of contact with our customers.

----

Name: Fernando Ontiveros

Link: [LinkedIn Link]

Email: [Email Address]

Bio: Former IOGeer. Fernando has been in the game for over 25 years, designing software architecture for a whole host of different projects. He's got a great head for strategy, too, honed through his previous gig as a co-founder and CTO.

Responsibilities: Fernando is going to be our go-to tech guru, overseeing the technical aspects of the platform and making sure it meshes well with the Cardano ecosystem.

----

Name: Alejandro Rodriguez

Link: https://www.linkedin.com/in/-alejandro-rodriguez/

Email: [email protected]

Bio: Former IOGeer. Alejandro is a bit of a wizard when it comes to business development, with a strong background in finance and a history of working with various fintech startups. He's the kind of guy who can talk to anyone, which is key when you're building partnerships.

Responsibilities: He'll be the one steering the marketing ship, creating compelling stories to engage our audience and boost the brand.

----

Name: Roberto Intriago

Link: https://www.linkedin.com/in/roberto-intriago/

Bio: Former IOGeer. Roberto knows the blockchain like the back of his hand. He’s also got a great eye for design and understands the importance of a good user experience. With his deep understanding of Cardano and its vision, he's uniquely positioned to help us tap into the potential of Web 3 tools.

Responsibilities: Roberto will be focused on refining the technical side, while also making sure our UX/UI is as user-friendly as possible.

----

Name: Douglas Montero

Bio: Having made his mark in the financial trenches of the NYSE and NASDAQ, Douglas is a seasoned pro when it comes to finance. With a proven ability to lead teams and communicate effectively, he's been turning strategies into successes for years.

Responsibilities: He'll be the guy who guides us on all things financial, making sure we're making smart moves with our investments.

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

The total budget for our project is based on a standard man-hour rate of ₳ 167 ($50), in line with industry standards for developers, architects and PMs in the sector. This cost includes project management, architecture, UI/UX design, feature development, testing, and platform launch, all performed by our highly experienced team.

Each dollar spent is an investment in the Cardano ecosystem, aiming to strengthen it by enabling MSMEs in developing countries to access funding, attracting new users and showcasing Cardano's utility. Thus, we believe the project represents excellent value for money.

Justification of the cost:

  1. PM, Architecture & UI/UX Design: Our experienced team ensures maximum value per dollar spent, producing a user-friendly and efficient platform.
  2. Core Features Development: Building secure and efficient systems on Cardano requires skilled blockchain engineers, thus justifying the cost.
  3. Testing and QA: To launch a high-quality, bug-free platform, rigorous testing is necessary, warranting its allocation in the budget.
  4. Launch & User Feedback: The marketing and support team will ensure effective platform launch and collection of crucial user feedback.
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