Please describe your proposed solution

TL;DR:

Snekx is a user-friendly, one-stop-shop platform that enables normies and non-technical users to create and launch Cardano tokens instantly. Snekx streamlines multiple verification processes and eliminates the need for market and blockchain knowledge. Additionally, Snekx boosts token creators' visibility by advertising on Snek-related social media accounts and products.

Proposed solution:

Easy access to create and launch tokens is essential for fostering innovation, democratizing finance, reducing barriers to entry, enhancing liquidity, promoting interoperability, engaging communities, and enabling economic incentives within the blockchain ecosystem. By empowering individuals and organizations to tokenize assets, we can accelerate the growth and adoption of decentralized technologies.

We plan to execute the following solutions:

• Security enhancement: Perform an audit of our codebase by an independent third party and implement the industry's best practices and processes
• Platform enhancement: Develop new features including pool creation, liquidity pool token burn, customized snapshot exports, airdrops, notifications and alerts
• User base expansion: Perform a marketing activation to increase Snekx’s visibility
• Ecosystem integration: Continuous improvement and direct integration with best Cardano’s ecosystem Dapps

Snekx is revolutionizing token creation for everyday Cardano users, offering a streamlined process with diverse options. With Snekx, you don’t need to be a Cardano superuser and know exactly how to navigate across all Dapps to launch a token. Users can mint a basic token in seconds and Snekx sends a request automatically to the Cardano token registry for verification.The platform introduces advanced verification levels across the largest Cardano DEXes (Minswap, Spectrum, Splash), aggregators (Dexhunter) and other Dapps.

Snekx is not only a simple platform to perform token launches, it is a great marketing tool. Being built within the Snek ecosystem provides huge marketing opportunities to token creators using the platform. Snekx is connected to Snek’s large community of 41k followers and 27k holders and sends notifications to the platform’s twitter and SNEKbot telegram trading bot alert channels to maximize token visibility and engagement, which is necessary for new token launches.

With its user-friendly interface and comprehensive verification features, Snekx has become the top choice for individuals seeking to create, validate and market tokens promptly on the Cardano blockchain.

Through our platform, users will be able to:

• Mint Cardano native tokens
• Create a pool
• Burn LP tokens
• Send tokens from importing a text/csv file (airdrops)
• Advertise on Snekx Twitter (X)
• Advertise on SNEKbot alert channels (New Mint, New Pool, New LP Burn, New Airdrop)
• Customize blockchain snapshot exports for project management or future token airdrops
• Update token metadata fromMa tokens launched with Snekx

We aim to deliver the most user-friendly platform that will help token creators kickstart their project on Cardano, making the ecosystem more dynamic, leading to higher trading volume and adoption. We will prove our impact by providing transparent updates and progress as we complete the listed milestones.

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

The success of Snekx will add significant value to the Cardano community by democratizing token creation and making the overall project launching process faster, simpler and more accessible.This accessibility empowers individuals to participate in the Cardano ecosystem, fostering innovation and diversity in tokenized assets. We will measure impact through metrics such as the number of tokens created and trading volume generated on all Cardano decentralized exchanges. Additionally, user feedback and engagement will gauge community satisfaction and adoption.

We plan to share the outputs and opportunities resulting from our project through various channels. This includes regular updates to the Cardano community, presentations at relevant events, and publications on Snek (41k followers), and Snekx platforms and social media channels. We are committed to maintaining transparency and openness, and we will actively seek feedback and suggestions for improvement from the Cardano community. Regular updates, tutorials, and case studies will further disseminate knowledge and encourage participation in tokenization on Cardano.

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?

Snek expertise:

• Created the most traded token on Cardano
• Fostered one of the largest communities on Cardano
• Delivered several products (web2 and web3)
• Created several partnerships with high-profile projects and ecosystem figures
• Great understanding of the market
• Powerful brand and marketing strategy

ADAOrca (Lead Dev consultant) expertise:

• Delivered several blockchain large-scale services processing thousands of transactions securely
• Deep understanding of the Cardano technology, native tokens, utxo and blockchain scraping
• More than 3 years of experience in Cardano
• Managed various customized projects involving native token operations, including token staking, token locking, NFT minting, and blockchain snapshots. Projects exclusively developed by Orca include hodlada.io.

Our team has a proven track record of delivering complex projects within budget and on schedule. Additionally, our platform undergoes rigorous testing and quality assurance processes to ensure reliability and security.

On the day of April 13, 2024, we successfully launched Snekx as an MVP. At the time of writing, the platform minted more than 350 tokens. The platform has not suffered any major errors or issues.

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

Milestone 1: Enhanced UI - Platform Development Kickoff

A: Milestone outputs

• Comprehensive project plan detailing tasks, timelines, and resource allocation.
• Initial development environment successfully set up.

B: Acceptance criteria

• Approval from project manager and stakeholders.
• Development environment configured as per specifications.

C: Evidence of milestone completion

• Launch of V2 version of the platform.

Milestone 2: Instant DEX Pool Creation

A: Milestone outputs

• Token trading pool established on the Splash protocol DEX.
• New pool alerts are integrated with SNEKbot.

B: Acceptance criteria

• Feature enabling users to swiftly create a pool on the DEX with their token.
• Completion of internal testing ensuring functionality and reliability.

C: Evidence of milestone completion

• Demonstration video showcasing the creation and alerts of token pools.
• Internal testing reports validating functionality and resolving bugs.

Milestone 3: Advanced LP Token Management

A: Milestone Outputs

• Seamless burning of pool token liquidity tokens for a fraud-proof launch.
• New LP burn alerts are integrated with SNEKbot

B: Acceptance Criteria

• Users can instantly burn their tokens, ensuring transparency and trust.
• Smooth and user-friendly burning process.

C: Evidence of milestone completion

• Visual documentation or videos illustrating the LP token burning and alert process.
• Positive user feedback confirming satisfaction with the process.

Milestone 4: Project Development Tools Integration

A: Milestone outputs

• Integration of customized snapshots and airdrops for user tokens.

B: Acceptance criteria

• Stakeholder approval of the project development tools integration.

C: Evidence of milestone completion

• Visual documentation or videos illustrating the snapshot tool and token airdrop working features.
• Positive user feedback confirming satisfaction with the process.

Final Milestone: Full Platform Launch and Ecosystem Integration

A: Milestone outputs

• Complete and Optimized Platform: The platform is fully operational with all intended features including advanced token minting capabilities, security enhancements, and user-friendly interfaces.
• Comprehensive Ecosystem Integrations: Successful integration with multiple Cardano DEXes and trusted partners, ensuring broad market access and functionality.
• Community and Support Infrastructure: A fully developed support system to aid users and promote continuous engagement.

B: Acceptance criteria

• Platform Performance: The platform must demonstrate high performance, with fast, secure, and error-free token minting capabilities under varied conditions.
• User Adoption and Satisfaction: High levels of user adoption evidenced by active registrations and positive feedback on ease of use, feature set, and overall user experience.
• Partnership Efficacy: Strong, active collaborations with Cardano ecosystem partners that enhance platform value and user benefits

C: Evidence of milestone completion

• Operational Readiness Report: A detailed report showcasing the platform’s operational status, feature completeness, and integration depth.
• User Feedback Compilation: A collection of user feedback, reviews, and testimonials that indicate satisfaction and operational success.
• Partnership and Integration Documentation: Verified documentation of all partnerships and integrations completed, including technical and operational details.

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

The project will be delivered in partnership by Snek and Orca (Lead Dev consultant).

Snek

Socials:

• Twitter (X): <https://twitter.com/snek>
• Website: <https://www.snek.com/>

Core contributors:

• Goofycrisp (https://twitter.com/goofy_crisp )
• MrGoldenhour (https://twitter.com/golden_Rapha )
• Rami (<https://twitter.com/CardanoRami> )
• Sal (<https://twitter.com/Salmander0> )
• MasterofC (<https://twitter.com/MasterofCTO> )
• Max Maher (https://twitter.com/Maxwell_Maher )

Roles:

• Marketing &amp; content creation
• Go-to-market strategy
• Sale pipeline &amp; CRM
• Business Development
• Partnerships with other key Cardano projects
• Partnerships with crypto KOLs (Key opinion leaders)
• Partnership with projects from other chains (mainly SOL and ETH projects)
• In charge of UI/UX design, frontend development, legal professional services, marketing and promotion and project management

ADAOrca, Lead Dev consultant

Socials:

• Twitter (X): <https://twitter.com/adaorca1>
• Website: <https://adaorca.io/>

Roles:

• Development and maintenance of the platform
• Development of new features and integrations
• Maintaining support for users via discord tickets
• In charge of cloud services, backend development and documentation

Please provide a cost breakdown of the proposed work and resources

• UI/UX Design : 20,000 ADA
• Code Auditing : 30,000 ADA
• Cloud Services : 15,000 ADA
• Backend Development : 85,000 ADA
• Frontend Development: 25,000 ADA
• Legal professional services : 25,000 ADA
• Marketing and Promotion: 30,000 ADA
• Documentation : 10,000 ADA
• Project Management : 30,000 ADA
• Miscellaneous and Contingency: 30,000 ADA

Total Budget: 300,000 ADA

No dependencies.

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

The growth of Snekx represents excellent value for the Cardano ecosystem by:

• Onboarding new project founders onto Cardano, allowing any user to create a token and build a project within seconds without advanced technical knowledge.
• Making it easier for the broader Cardano community to explore and trade new tokens.
• Providing builders a simple way to get visibility for their new projects instantly to thousands of people on socials via notification systems, jumpstarting growth.

This investment will help the development of the Cardano ecosystem by creating more project founders, increasing chain usage, trading volume, and visibility; and giving founders from other chains a one stop shop to create new businesses on our chain.