Please describe your proposed solution
Awareness of the problem:
- Need mobile app: Although the majority of Cardano blockchain users utilize smartphones, there aren't many apps on the Cardano ecosystem that let users manage their assets or keep an eye on the Cardano ecosystem.
- Difficulty in tracking projects: The Cardano ecosystem provides various tools that support users, including Taptools, Cardano Cube, Cardano Calendar, and Dapps On Cardano… These projects have distinct methods of development and usage techniques, necessitating frequent monitoring and switching between numerous platforms, which consumes a significant amount of time. Furthermore, these platforms do not leverage the phone's notification feature, therefore users frequently miss out on vital activity.
- Solution to support increased profits: ADA holders suffer from inflation when transaction fees are insufficient to compensate staker, which are mostly derived from newly printed ADA numbers. This issue will create a significant demand for solutions to maximize earnings while limiting risk.
Approach:
We built a mobile app that includes the following features:
- Information about native assets: The app will provide information about the value of assets, price charts, and basic information about projects built on Cardano.
- Asset portfolio management: Display the types of assets and asset values in the wallet, and calculate rewards by epoch.
- Smart alerts: Our app will help users receive notifications about balance changes and price fluctuations of native assets on Cardano.
- Information about major events: The app will continuously update important information such as ISPOs, testnets, mainnets, presales, and important updates from major projects on the Cardano ecosystem.
This has served as the foundation for Bamboolabs to upgrade existing features and develop new ones in order to put the Cardano ecosystem in your hands.
New features:
- Cardano ecosystem map: Bamboo will provide a list of Cardano-based projects organized into many fields with an easy presentation. When a project is selected, the program will display a brief introduction to the project as well as links that users may readily access.
- Major event calendar: The Cardano ecosystem has numerous events each year, including Summits, Meetings, ISPO events, Launchpads, Private and Public sales, and project token unlock deadlines. These events are frequently difficult to reach or are mostly overlooked. As a result, we will design a Calendar on Bamboo App to take advantage of the phone's notification capabilities to allow users to conveniently track and receive reminders about key events such as:
- Major events: We will provide updates on events relating to Cardano's three founding organizations, as well as noteworthy events from major initiatives on the Cardano ecosystem.
- Calendar subscription: Projects can register to display their event calendar, be it ISPO, Launchpad, Private sales, Public sales ….
- Customization: Users can create their own calendars for events they want to remember, such as reminders about when to receive rewards like ISPO tokens or airdrops, reminders about loan receipt/repayment deadlines, reminders about launch schedules or selling project tokens, reminders of important meetings or events,…
- Wallet Tracking: Bamboolabs developed this functionality to assist those investing in Cardano projects in receiving timely alerts regarding token movements from the project's principal wallets or individuals whom the user wishes to track. This will allow users to better manage risks.
- Loan Announcement: We will gather loans from Cardano's lending and borrowing protocols and announce fresh loans to interested users. Borrowers will benefit from increased loan visibility, while lenders will have an easier time finding suitable loans.
Bamboo is still in the development stage, so we need to create a product that is more distinctive than the features mentioned above.
- SPO Market: Bamboolabs will establish a pool profit ranking market. The combination of ISPO market and Pool criteria enables us build this remarkable function. The Cardano blockchain now has over 3,000 SPOs, with an average staking APR of 3%. However, pools running ISPO, such as Genius, Orcfax, Gokey, Newm, and Fluidtokens, will have APR profits ranging from 10% to 30% per year. Furthermore, SPOs will be willing to operate pools at a low cost in order to enable users obtain more rewards than average. With this function, Bamboo will provide a win-win method to assist these ISPOs and SPOs in boosting visibility, consequently increasing the amount of stakes, and staking people will make more profits.
Attraction: The Bamboo App will appeal to all levels of Cardano users, from beginners to experts. By developing a phone app that incorporates numerous features and is user-friendly. From there, we will encourage further engagement in the Cardano ecosystem.
Uniqueness: As the title says, we will be the first project to put the Cardano ecosystem into your hands.
- Cardano users have a seamless experience when supporting tools.
- Take use of your phone's handy and rapid usability.
- Make full use of your phone's notification feature to assist users save time while following the Cardano ecosystem.
Importance for Cardano: This app is critical for Cardano because it will encourage more participation in Cardano ecosystem and is a useful tool that has the ability to push adoption more broadly than the Cardano blockchain.