Watch Wallet for Cardano

[GENERAL] Name and surname of main applicant

Thái Ngô

[GENERAL] Email address of main applicant

ngoluuduythai37@gmail.com

Additional applicants

Dao Cuong, Em Nguyễn , Hung Le Thanh, Son Nguyen , Tuong Tran, Vinh Doan, Tri Nguyen, Tuan Nguyen

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

12

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

Yes

[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.” .

BlueSea is a watch wallet on top of Blockfrost API and helps expand applications on Blockfrost.

We use Blockfrost to build a fast first MVP.

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

Yes

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

Project will be fully open source.

[METADATA] Category of proposal

Wallet

[IMPACT] 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

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

===== 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

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

The success of the project from the product development point of view

• Main software components are developed and tested: 100%
• Extra aspects & extra software components are developed and tested: 70%-100%
• System operations KPIs: 70%-100%
• Product is published and available to users: 100%
• Extra factors of product delivery: 70%-100%

The definition of success From the user's point of view

• Users can gain benefits, more security, and more utility from our apps like pay, swap, news, and update pricing.
• Grow more than 1000 users using our apps
• Get good feedback from the community

Success KPIs of extra software components & aspects

• All components are developed and successfully tested 
• Code quality and visibility: source code is clear and easy to reuse and maintain.
• Reports are valuable to users
• All code is public at a registered Github link that is available for other people to view, improve, or re-use.

Success KPIs of product delivery

• The product is released as a scheduled timeline, available for everyone to use a public URL through the internet.
• Main functions are available for users to use.

Success KPIs of system operation (ms is millisecond)

• System uptime: 99.99%
• Average access latency: 50-500ms
• Security: 100% unwanted access is dropped and all data is safe.

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

To share the outputs and results of the project, the following plans can be implemented:

• Publish white papers, blog posts, and other technical documentation. This will help to educate the community about the project and its potential benefits.
• Present at conferences and meetups. This will give us the opportunity to share our findings with a wider audience.
• Collaborate with other projects in the Cardano ecosystem. This will help to promote the adoption of AdaWealth and its integration with other DeFi products and services.
• Create a user forum or community chat. This will provide a space for users to ask questions, share feedback, and collaborate with each other.
• Release the source code under an open-source license. This will allow other developers to build on our work and contribute to the project

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

• Experience: we have over 10 years of experience in the software industry, and I have worked on a variety of projects that require high levels of trust and accountability.

• Skills: we have a deep understanding of the Cardano blockchain. We are also skilled communicators, and able to build trust and rapport with project stakeholders.
• Processes: We have a well-defined process for managing funds properly. This process includes creating a budget, tracking expenses, approving and disbursing funds, and conducting regular audits.
• Team: We have a team of experienced developers who are committed to delivering the project on time and within budget. The team has a proven track record of success, and they are all committed to high levels of trust and accountability.
• Communication: We are a good communicator, and able to keep project stakeholders informed of the project's progress. I am also able to answer any questions that stakeholders may have.

Steps or Processes that Demonstrate that We Can Be Trusted to Manage Funds Properly:

• Establish a clear and transparent funding process. This will ensure that everyone involved in the project knows how funds will be managed.
• Create a budget for the project and track expenses closely. This will help to ensure that funds are used efficiently.
• Set up a system for approving and disbursing funds. This will help to ensure that funds are only used for authorized purposes.
• Implement regular audits of the project's finances. This will help to ensure that funds are being managed properly.
• We believe that our experience, skills, processes, team, and communication skills demonstrate that we are capable of delivering this project with high levels of trust and accountability. We are confident that I can build a successful project that will benefit the Cardano ecosystem.

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

The success of the project from the product development point of view

• Main software components are developed and tested: 100%
• Extra aspects & extra software components are developed and tested: 70%-100%
• System operations KPIs: 70%-100%
• Product is published and available to users: 100%
• Extra factors of product delivery: 70%-100%

The definition of success From the user's point of view

• Users can gain benefits, more security, and more utility from our apps like pay, swap, news, and update pricing.
• Grow more than 1000 users using our apps
• Get good feedback from the community

Success KPIs of extra software components & aspects

• All components are developed and successfully tested 
• Code quality and visibility: source code is clear and easy to reuse and maintain.
• Reports are valuable to users
• All code is public at a registered Github link that is available for other people to view, improve, or re-use.

Success KPIs of product delivery

• The product is released as a scheduled timeline, available for everyone to use a public URL through the internet.
• Main functions are available for users to use.

Success KPIs of system operation (ms is millisecond)

• System uptime: 99.99%
• Average access latency: 50-500ms
• Security: 100% unwanted access is dropped and all data is safe.

[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.

===== The Project Roadmap =====

Q3/2023

• The BlueSea App user experience analysis.
• Design the functions and content of the App.
• Design and graphical user interface for BlueSea App.
• Build and set up the development environment App/
• Develop BlueSea architecture
• Install the necessary SDKs and libraries.
• Build server system of BlueSea App.

(In this section the teams involved in development: UX/UI, front-end, and system team)

Q4/2023

• Develop logic connect with the Blockfrost API
• Programming for the user interfaces for features.
• Coding backend for the system of the App (for Cardano News and Buy ADA with fiat).
• Programming the App functions

(In this section the teams involved in development: UX/UI, frontend, backend, system, and blockchain technical team)

Q1/2024

• Programming for the user interface on smartphones.
• Launching the ADABET App events promotion and introduction campaign.
• Released the MVP version of the ADABET App up to Google Play Store.

(In this section the teams involved in development: QA QC, Marketing, frontend, backend, system, and blockchain technical team)

Q1/2024

• Complete programming for the user interfaces for features.
• Deploy the BlueSea on the stores.
• Released the MVP version of the BlueSea.
• Test and check the quality and fix bugs of the App.
• Promote the event and let users experience the app before launch.
• Released BlueSea version 1.0
• Improve the interface and functionality of the App.

(In this section the teams involved in development: QA QC, frontend, backend, system, and blockchain technical team)

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

===== The Project Roadmap =====

Q3/2023

• The BlueSea App user experience analysis.
• Design the functions and content of the App.
• Design and graphical user interface for BlueSea App.
• Build and set up the development environment App/
• Develop BlueSea architecture
• Install the necessary SDKs and libraries.
• Build server system of BlueSea App.

(In this section the teams involved in development: UX/UI, front-end, and system team)

Q4/2023

• Develop logic connect with the Blockfrost API
• Programming for the user interfaces for features.
• Coding backend for the system of the App (for Cardano News and Buy ADA with fiat).
• Programming the App functions

(In this section the teams involved in development: UX/UI, frontend, backend, system, and blockchain technical team)

Q1/2024

• Programming for the user interface on smartphones.
• Launching the ADABET App events promotion and introduction campaign.
• Released the MVP version of the ADABET App up to Google Play Store.

(In this section the teams involved in development: QA QC, Marketing, frontend, backend, system, and blockchain technical team)

Q1/2024

• Complete programming for the user interfaces for features.
• Deploy the BlueSea on the stores.
• Released the MVP version of the BlueSea.
• Test and check the quality and fix bugs of the App.
• Promote the event and let users experience the app before launch.
• Released BlueSea version 1.0
• Improve the interface and functionality of the App.

(In this section the teams involved in development: QA QC, frontend, backend, system, and blockchain technical team)

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

Cost of backend API development: 32 hours * 30 $/hour = 960$

Cost of UI watch apps development for both Android and IOS: 360 hours * 35 $/hour = 10.824$

Cost of QA/QC work: 40 hours * 20 $/hour = 800$

The total cost of the project to request: 12.584$

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

• 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

[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