Automated Easy to use Token Launchpad with Optional Legal & Financial Review Processes incorporation

[GENERAL] Name and surname of main applicant

Nicholas Fekete

[GENERAL] Email address of main applicant

nick@yepple.io

Additional applicants

Jake Shearman

Mathieu Perron

Alexandre Chartrand

Bob Nuss

Dom Monette

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

9

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language.

No

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

Yes

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.”

We will utilize the NMKR API.

[GENERAL] Will your project’s output/s be fully open source?

No

[GENERAL] If NO, please describe which outputs are not going to be open source. If YES, please write “Project will be fully open source.”

The platform's Intellectual Property will be maintained in house by Yepple and offered as a service.

[METADATA] Category of proposal

Other

[IMPACT] Please describe your proposed solution.

Our solution addresses the complexity of creating and selling fungible tokens on the Cardano blockchain. At present, this process requires extensive knowledge and understanding of the blockchain technology and tokenomics.

Our platform will automate the token creation process. Users will provide necessary documentation and select options for legal and tokenomics review, making their tokens more credible to potential buyers.

Potential token buyers will be able to browse the platform’s tokens offerings and see any significant information and actions associated with.

Our target audience includes businesses, organizations, and individuals interested in creating and selling their fungible tokens but lack the technical expertise.

The impact will be demonstrated through the successful release of the platform, increased user base, and volume of tokens created and sold.

Our platform's uniqueness lies in its simplification of the token creation process and the optional reviews that enhance the credibility of the tokens.

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

Our solution leverages the NMKR Dev API, making the Cardano NFT/FT ecosystem more accessible. We directly address the need for standalone tools that integrate the NMKR API, providing a user-friendly platform for fungible token creation, review, and sale.

Our project will boost the Cardano ecosystem by enabling more businesses and individuals to participate in the NFT/FT marketplace. With our platform's credibility reviews, we can improve the quality of tokens in the market and build trust among buyers, leading to more transactions and risk mitigation.

We anticipate that our platform will attract thousands of users within the first year, contributing to the growth and strength of the Cardano ecosystem.

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

The success of our project will be measured by a combination of qualitative and quantitative metrics:

• Number of Fungible Tokens Created: This quantitative metric will reflect the direct usage of our platform. A higher number of tokens created implies greater acceptance and usage of our tool within the Cardano ecosystem.
• Number of Users: Tracking user growth over time will provide an indication of our platform's popularity and its perceived value within the community. We aim for steady growth in our user base as a sign of success.
• User Feedback: We will actively solicit and evaluate user feedback to understand the strengths and weaknesses of our platform and make necessary improvements. High user satisfaction levels would indicate success.
• Volume of Transactions: This will serve as a critical indicator of the platform's health and usage. Higher transaction volumes indicate that our platform is effectively facilitating the sale of fungible tokens.
• Number of Legal & Financial Reviews Requested: This metric will show the added value our platform provides through optional legal and financial reviews. A high number of review requests implies that users see value in these credibility-boosting features.

In the short term, the implementation of our platform should contribute to a surge in fungible token creation and sale on Cardano, stimulating ecosystem activity. In the long term, by reducing the barrier to entry and ensuring the credibility of tokens, we expect to foster trust and drive increased engagement within the Cardano ecosystem, contributing to its sustained growth.

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

Our communication strategy will be centered around transparency and community engagement.

• Project Updates: We plan to provide regular updates on our project's progress through various channels, such as blog posts, newsletters, and posts on Cardano and blockchain forums and social media platforms. These updates will keep the community informed about our milestones, challenges, and successes.
• Webinars and AMAs: We plan to conduct webinars and Ask Me Anything (AMA) sessions to engage with our users and the broader Cardano community. These will provide opportunities for users to learn about our platform and ask questions directly.
• Partnership Collaborations: We aim to partner with existing projects and platforms in the Cardano ecosystem. These partnerships will allow for mutual promotion and increased exposure for our platform.

As for the results generated from the project, we will use the insights gained for further development and refinement of our platform. User feedback, usage patterns, and other relevant data will be utilized to enhance our platform's features and functionality. In addition, the findings will inform our future projects aimed at enriching the Cardano ecosystem and advancing the field of blockchain technology.

[CAPABILITY/ FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability?

Yepple prides itself on a robust track record of delivering high-quality software solutions punctually, a testament to our commitment to reliability and accountability. Having successfully completed over 100 projects on the Cardano blockchain, we have proven our proficiency in this cutting-edge technology. Notably, our portfolio includes trusted, high-profile platforms like January Walker's regulation-enforced political sale, Ada Inmates complex gamified NFT platform, Salty Seagulls entire NFT platform and much more, demonstrating our ability to handle sensitive and complex tasks with utmost discretion and efficiency.

Our adherence to Agile methodologies combined with our rigorous quality assurance processes ensures a high standard for our deliverables. We believe in transparency and uphold the highest ethical standards in all our operations. Our primary focus is customer satisfaction, and we dedicate ourselves to meeting and surpassing our client's expectations.

Our proven history of successful deliveries stands as a testament to our capabilities to execute this project effectively, responsibly, and to the highest industry standards.

[CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?

Our project's primary objectives are as follows:

• Develop an Automated Fungible Token Platform: Our foremost goal is to create a user-friendly platform that automates the creation, launch, and sale of fungible tokens on Cardano. We will measure this by successfully deploying the platform and integrating it with the NMKR Studio API.
• Establish a Review Mechanism for Legal and Tokenomics: We aim to implement a review system where users can have their documentation vetted by legal and financial experts. We will gauge success by the successful implementation of this system.
• Increase Accessibility of Fungible Tokens: By simplifying the creation and launch process, we aim to make fungible tokens more accessible to a broader audience. Success will be measured by the number of new token creators and the diversity of tokens created.
• Enhance User Experience: Through intuitive design and seamless user journey, we aim to offer an excellent user experience. This will be assessed qualitatively through user feedback and quantitatively through metrics like user retention rate and session length.
• Drive Adoption and Engagement: Our final goal is to increase platform adoption and user engagement. We will quantify this through metrics like number of users, number of tokens created, and volume of transactions.

To validate our approach's feasibility, we will employ agile development methodologies, allowing us to iteratively build and test our platform. We will conduct regular testing at different development stages to ensure each feature works as expected. In addition, we'll organize user testing sessions to gather feedback and refine our platform accordingly.

Our project is technical in nature, and our team's extensive experience in blockchain development, smart contract programming, and interface design puts us in a strong position to implement our proposed solution. Throughout the project, we'll continuously evaluate our approach, making necessary adjustments to ensure our objectives are met and our platform adds value to the Cardano ecosystem

[CAPABILITY/ FEASIBILITY] 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: Design and Development of Initial Prototype (2 Months) 

Tasks: Designing user interface, developing functional prototype, integrating NMKR Studio API for basic token operations. 

Cost: ₳30,000 

Success Criteria: Successful deployment of a working prototype and positive user feedback.

Milestone 2: Implementation of Review Mechanism (2 Months)

Tasks: Building system for legal and tokenomics review. 

Cost: ₳15,000 

Success Criteria: Smooth functioning of the review system and positive feedback from expert reviewers.

Milestone 3: Complete Platform Development and Thorough Testing (3 Months) 

Tasks: Developing the complete platform, enabling features for token launch and sale, documentation review, and display of tokens for sale.

Cost: ₳20,000 

Success Criteria: Successful deployment of platform, passing of all test cases, and positive user testing feedback.

Milestone 4: Platform Launch and User Acquisition (2 Months) 

Tasks: Official launch of the platform, marketing activities, gathering user feedback for improvements. 

Cost: ₳10,000 

Success Criteria: Increase in number of users, higher user engagement, and positive feedback from users.

Milestone 5: Continuous Maintenance and Improvement (Ongoing) 

Tasks: Regular updates and improvements based on user feedback and evolving technology. 

Success Criteria: High platform uptime, satisfied users, and regular feature updates.

The above milestones follow a flexible project management approach, with each stage building upon the last. The project's progress will be tracked using project management tools and regular updates will be shared with the Cardano community for transparency and trust.

[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.

Milestone 1: Design and Development of Initial Prototype (2 Months)

• Deliverables: User interface designs, a functional prototype integrated with NMKR Studio API for basic token operations.

• Outcome: A working prototype that allows users to interact with the platform's basic features. This will serve as a tangible proof-of-concept for the platform.

• Measurement: The successful deployment of the prototype and positive user and stakeholder feedback through polls and social medial response measurement.

Milestone 2: Implementation of Review Mechanisms (3 Months)

• Deliverables: A fully functional review system for legal and tokenomics evaluation.

• Outcome: A platform with robust and efficient review mechanisms that ensure all token offerings comply with legal requirements and sound tokenomics principles.

• Measurement: The operational review system and positive feedback from expert reviewers about its functionality.

Milestone 3: Complete Platform Development and Thorough Testing (3 Months)

• Deliverables: A complete platform enabling features for token launch and sale, documentation review, and display of tokens for sale with their financial and legal verification checkmarks.

• Outcome: A full-featured platform ready for launch, providing a comprehensive solution for token issuance, sale, and review.

• Measurement: Successful deployment of the platform, passing of all test cases, and positive feedback from user testing.

Milestone 4: Platform Launch and User Acquisition (3 Months)

• Deliverables: A publicly accessible platform, marketing materials, and user feedback reports.

• Outcome: A platform that's in active use by the community with increasing user engagement, driving growth for the Cardano ecosystem.

• Measurement: Tracking the number of users, level of user engagement, and the quality of user feedback.

Milestone 5: Continuous Maintenance and Improvement (Ongoing)

• Deliverables: Regular updates, improvements, and feature additions to the platform.

• Outcome: A continuously improving platform that adapts to user needs and changes in the broader ecosystem, thereby providing long-term value to the Cardano community.

• Measurement: Monitoring platform uptime, user satisfaction levels, and the frequency of feature updates.

[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.

1. **Milestone 1: Design and Development of Initial Prototype (2 Months)

Tasks: Designing user interface, developing functional prototype, integrating NMKR Studio API for basic token operations. 

   Cost: ₳40,000 

   - UI/UX design: ₳10,000 

   - Development: ₳26,500 

   - NMKR Studio API Integration: ₳4,500

2. **Milestone 2: Implementation of Review Mechanism (2 Months)**

   Tasks: Building system for legal and tokenomics review. 

   Cost: ₳20,000 

   - Legal and Tokenomics System Development: ₳12,000

   - Expert Review Process Creation: ₳8,000

3. **Milestone 3: Complete Platform Development and Thorough Testing (3 Months)** 

   Tasks: Developing the complete platform, enabling features for token launch and sale, documentation review, and display of tokens for sale.

   Cost: ₳40,000 

   - Platform Development: ₳29,000 

   - Testing: ₳8,000

   - Documentation: ₳3,000

4. **Milestone 4: Platform Launch and User Acquisition (2 Months)** 

   Tasks: Official launch of the platform, marketing activities, gathering user feedback for improvements. 

   Cost: ₳10,000 

   - Launch: ₳1,000

   - Marketing Activities: ₳7,000

   - User Feedback and Community Engagement: ₳2,000

Third-Party Services:

- NMKR Studio API: Integrated during the first milestone, cost included in development.

- Professional Services: Legal and Tokenomics reviewers for milestone 2, cost included in Expert Review.

The total funding requested for this project is ₳75,000. The cost of the project will not exceed the funding request. Any additional costs for ongoing maintenance and improvements will be funded through the platform's revenue.

The project will focus on transparent reporting to the community, which is part of the Project Management costs spread across all milestones. The team is committed to managing funds responsibly and ensuring that the project provides value for money for the Cardano ecosystem.

[RESOURCES & VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

The cost of the project is carefully calculated to represent value for money for the Cardano ecosystem. The project’s budget has been developed by thoroughly considering the scope of the work, expected duration, and the expertise level of professionals involved. 

Market Rates: The costs are based on the average wage for software development professionals in our region and global.

**Deliverables:** The project delivers a comprehensive platform for Cardano-based token operations. The robust functionality of this platform and the broad potential user base within the Cardano community adds significant value. The platform will lower the barrier to entry for new projects in the ecosystem, and foster further growth and development on Cardano.

**Competitive Advantage:** The proposed budget is competitive when compared to the cost of similar projects in the blockchain industry. Our project not only provides a platform for token operations but also incorporates a unique review mechanism, enhancing the reliability and credibility of projects.

**Long-term benefits:** The project offers sustainable long-term benefits to the Cardano ecosystem. It's not a one-time endeavor. The platform's maintenance and enhancement will be ongoing, ensuring that it continues to deliver value and stay updated with the evolving needs of the ecosystem. 

In summary, the cost of the project reflects the complexity and scale of the work to be carried out, the expertise of the professionals involved, the long-term benefits to the Cardano ecosystem, and the overall market rates. We firmly believe the project delivers excellent value for money and is an investment in the continued growth and success of the Cardano ecosystem.

[IMPORTANT NOTE] The Applicant agreed to Fund10 rules and also that data in the Submission Form and other data provided by the project team during the course of the project will be publicly available.

I Accept