Please describe your proposed solution.
===== Summary of the proposed solution =====
BlueSea is a watch wallet on top of Blockfrost API and helps expand applications on Blockfrost.
Besides that, we open a watch UI kit, contributing to the development of UI components for Blockfrost.
- Watch wallet improve user experiment, easy access anytime and anywhere. Realtime update pricing for your Cardano tokens helps you easily manage your balance.
- Checking epoch time, and manage your staking with the watch app.
- BlueSea is a non-custodial wallet, your key is your money
- Easily check Cardano news with BlueSea
- Get notifications with any change in your account
- Easily view your NFTs art and set it as watch face
We are approaching creating a wallet in the watch, because of those reasons:
- Lack of crypto wallet in the watch app
- Demand for Global Smartwatch Market Size & Share Worth USD 97.52 Billion by 2028, Exhibit a CAGR of 21.5% Growth
- With a watch wallet easy access anywhere, and anytime
- Easy get payments with retails, will bring Cardano to real-life
- For more security and safety, we can create a cold wallet in the watch app
===== Detailed explanation of proposed solutions =====
In this proposed module, we build a watch wallet on the watch including both WatchOS (apple watch) and Wear OS (Android watch). The BlueSea watch application is essential, it increases the value of the platform as well as attracts more users, and has a better experience.
Specifically, BlueSea will address the following issues:
Cardano Portfolio:
- Manage tokens and Cardano in BlueSea, see your total balance for both Ada and tokens in Cardano blockchain and prices from Dex partners like MinSwap, Muesliswap, etc. Users can compare and find the best prices in Cardano Dex.
Stake to Earn:
- BlueSea supports staking with pools in Cardano blockchain with APY is 3.5-4.5% and rewards re-staked automatically, can view data of pools as Saturation, ROA, Live Stake, Margin, Fixed Cost
- Supports list pools have ISPO programs so, users can choices their for ISPO
NFT Gallery
- Visually manage and send your NFTs in bulk.
- Can see the base price of your NFTs from the marketplace like jpg.store, cardahub.io
- Set your NFTs as watch face
Decentralized Exchange
- Integrate with Cardano Dex Dapps to support apps swap like MinSwap, Wingriders. So we can help users easily swap and trade tokens, without a phone and can swap anytime, anywhere.
Import Wallet
- Support import your existing crypto wallet in under 30 seconds
Watch-only
- Watch-only wallets allow you to keep an eye on your cold storage or paper wallet without touching your private key. Easily import your public address and watch it from your watch without moving anything.
Buy Crypto With Fiat
- Support buy ADA and tokens in Cardano ecosystems with fiat, payment with your existing payment method in your watch like apple pay, google pay, Samsung pay
Our non-custodial guarantee
- BlueSea doesn’t track any personally identifiable information, your account addresses, or asset balances.
- Complete control and full ownership of your digital assets, with no middleman, no restrictions, and total privacy.
Open source UI Kits Wallets
- We open UI Kits wallet for community help building more applications on top of Blockfrost API
Please describe how your proposed solution will address the Challenge that you have submitted it in.
===== Solutions to solve the above specific problem =====
About user experience on watch apps:
Analyze and select useful and simple features for users.
Design an impressive user interface and make the user have the best experience on the watch.
Like Mobile apps, with a wallet on the watch, we will bring a better user experience than a web wallet. Users can access wallets and manage their tokens, NFTs, and payments anytime and anywhere.
About technical solutions:
We will use flutter multi-platform to build a watch wallet on the watch including both WatchOS (apple watch) and Wear OS (Android watch)
Using Blockfrost API for Cardano wallet
And we have our server to get other useful data like prices on Dexs, CoinGecko, and Cardano Inside
Impact on catalyst project and Cardano users
- Help grow the Cardano ecosystem, and support small pools and projects in Cardano.
- Bring more benefits to users in the Cardano ecosystem
- Bring Cardano to real-life application
Marketing channels
- Real customer to new customer through Catalyst and other Cardano communities.
- Public social channels: Twitter, Facebook, telegram, newspapers, and website
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
===== Risk management, solutions and awareness =====
<u>Policy</u>:
Apple and Google policies change affecting the deployment of apps to their stores causing time delays for app release to end-users. With many years of experience in developing mobile applications, we understand this, that's why we always update the frequently changing policies of those platforms. We will apply it to building the BlueSea application using the latest versions they provide. We always update the latest SDKs and Dev tools as well as the OS that they apply for product development and minimize errors during app deployment.
<u>ADA Coin Down:</u>
When the crypto market goes down, it affects the price of ADA coin, causing the investment value in project development to decrease, which is inevitable in many projects on Catalyst. We will request a 10% portion of the total project budget for project risk management, and will immediately cash out staff salaries, and expenses for key parts of the project. This ensures that we are not affected much by the price of ADA coins. The rest of the ADA we spend on the project's ADA payments, for telnet or main-net or product listing.
<u>Technology not yet supported:</u>
Because we are pioneers in watch wallet development, we can get unpredicted risk in development, but our team has many experiments with the developer in mobile and web applications we can pass through this risk.