Please describe your proposed solution

Problem

A lot of people want to keep up with the latest activities in their wallets, keep track of price action on different Cardano tokens as well as changes to token supply but its hard to keep on top of it with so many assets.

Why a telegram Bot

We propose to build a telegram bot as the starting point as this way users can set it up to track multiple wallets or assets and have them all filter into the same place. A telegram bot is the first point but we will have the full infrastructure behind it which can be accessed by APIs so we could build other front ends for it or allow users directly access the APIs in the future.

Solution

With ADA Markets we have already built an indexer to track all dexs and swaps on Cardano as well as stats on all the different tokens on Cardano. We will be expanding the stats and tracking we have and building a telegram bot that can access all them stats through our APIs.

There will be 3 different bots.

General Alerts Channel - This will be a telegram channel that will publish instant cardano native asset token updates including big price movements, large tx moves, token mint burn and other important stats

Telegram Group Bot - users can add this bot to their telegram group to pull the latest price on any cardano assets, mc, supply. Similar to other crypto bots where you can use commands like /p wmt

Wallet Tracker - users can subscribe to 1 wallet to get notifications about txs in and out

If this and our AI insights proposals are approved we can add the ability to the bot to pull the daily insights on a coin as one of the bot requests too

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

Value to the Cardano Community

Our solution will make it easy for any members of the community to track all the stats they want with regard to wallets and tokens which we think is very important. It will also allow users make more informed and up to date decisions on their portfolio with alerts about projects as well as take quick action if any unexpected txs happen in their wallets.

How will you measure this impact?

We will be able to measure the impact by the number of users of the platform and by speaking to them in our discord to get feedback and make improvements as we go

How will you share the outputs and opportunities that result from your project?

We will be able to keep track of the number of users and requests through our APIs as well as number of updates pushed to users

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?

The team have all been in the Cardano community for a number of years now and have recently built a DEX aggregator which has been fully built without raising any funds or charging anyone for using it to this point. A lot of the skills and knowledge we picked up from building the aggregator and custom chain indexer mean we have the technical ability to build this infrastructure with the first front end being a telegram bot.

To this point the team has been part time and we feel we have built a very solid platform for the community which hopefully proves our capabilities. With this proposal this would allow some of the team to begin working on the platform full time and we will also look to expand the team based on what proposals get approved.

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

Milestone 1: Milestone outputs

• Research and decide on stats to track and what can be called by the bot
• Create initial spec doc for the project

Acceptance criteria

• Initial spec doc created listing details

Evidence of milestone completion

• Completed document can be submitted

Milestone 2: Milestone outputs

• Build out indexer to track changes in the agreed stats

Acceptance criteria

• Indexer working tracking all stats

Evidence of milestone completion

• screenshots of working indexer or video showing command line interactions

Milestone 3: Milestone outputs

• Telegram integration with index database through API
• Build out general alerts channel for Cardano native assets

Acceptance criteria

• Integration with telegram working and test notifications pushing to telegram from indexer

Evidence of milestone completion

• Can give access to a test channel or provide a video showing notifications working on telegram

Milestone 4: Milestone outputs

• Build out telegram bot that users can add to a group to call the latest price or stats on assets
• Build out telegram bot that users can subscribe to wallet changes on 1 wallet address

Acceptance criteria

• Working telegram bots

Evidence of milestone completion

• Can provide access to bots or show them working in a video

Final Milestone: Milestone outputs

• Fix any major bugs identified by beta testers
• Push all 3 bots live to the public

Acceptance criteria

• Bots live for everyone

Evidence of milestone completion

• Bots live for everyone

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

The main team for this project consists of

Paddy - Principle engineer with 15 years experience in many roles in engineering and architecture. Cardano SPO since 2021 and contributor to multiple cardano projects such as poolpeek and ada.markets

• https://twitter.com/PoolShamrock

Paul - SPO since 2021 and runs a YouTube channel dedicated to education on Cardano and Cardano projects since 2021. Part of ADA Markets Dex Aggregator team

• https://twitter.com/cwpaulm

With this proposal we would also look to expand the team

Please provide a cost breakdown of the proposed work and resources

Total Budget – 180k

Milestone Breakdown

· Milestone 1 – 30,000 ADA

· Milestone 2 - 45,000 ADA

· Milestone 3 - 45,000 ADA

· Milestone 4 - 40,000 ADA

· Final Milestone - 20,000 ADA

Overall Cost Breakdown

· Infrastructure: 15,000 ADA

· Backend and Frontend Development: 110,000 ADA

· Testing: 15,000 ADA

· Documentation & Tutorials: 15,000 ADA

· Project Management & Reporting: 15,000 ADA

· Contingency for unknown and ADA price: 10,000 ADA

No dependencies

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

We will allow anyone on Cardano to easily stay up to date on the latest stats for all their favourite projects as well as get instant notifications about txs in their wallet which is very important for security