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[GENERAL] Name and Surname of Main Applicant

Marek Mahut

[GENERAL] Email address of Main Applicant

marek.mahut@fivebinaries.com

Additional Applicants

Marek Mahut

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

6

[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?

No

[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.” in this field.

NO dependencies.

[GENERAL] Will your project outputs 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.” in this field.

Project will be fully open source.

[METADATA] Category of Proposal

Dev Tools, API or Library

[IMPACT] Please describe your proposed solution.

By updating the most used SDKs, we will provide developers with the necessary tools to continue seamless development on Cardano.

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

Up-to-date SDKs will allow the developers to focus on creating their products rather than spending time on updating / contributing to the SDK repositories to use the latest features. Also, this maintenance update will provide any necessary security and engine updates that may be pending.

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

We can track the number of closed relevant issues but the opinion of the developers is the most crucial one.

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

Having the most used SDKs up-to-date is always a good indicator for the developers that may rely on using it without any unforeseen drawbacks or pitfalls. This improves overall UX with Cardano ecosystem.

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

We are one of the most trusted entities in the Cardano ecosystem. We are best known for developing Blockfrost.io, a service that provides developers with an API to interact with Cardano blockchain.

In addition to more than 30 successful Catalyst proposals over the past two years, we’ve also integrated Cardano into a digital wallet application developed by one of the industry's top hardware wallet manufacturers.

Further adding to our portfolio, we have developed a unique solution for safeguarding and preserving the digital representation of Cardano NFTs by providing secure, global and long-lasting cold storage backups - Continuity Token.

With a skilled team of blockchain enthusiasts and experts, Five Binaries is committed to making the Cardano blockchain more accessible and secure for developers and users alike.

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

Main goal is to retain current developers and attract new ones into the ecosystem which we can measure by the number of downloads and other GitHub metrics.

[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.

We plan to deliver the first updates of SDKs within three months from the funding.

These will include maintenance updates as well as implementation of new endpoints.

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

We will revise and update the top 5 SDKs, creating pull requests with new features, engine updates and addressing issues that might be outstanding.

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

We plan to deliver the first updates of SDKs within three months from the funding.

These will include maintenance updates as well as implementation of new endpoints.

Our estimations indicate that the expenses associated with eachSDK will amount to approximately 50000 ADA.

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

The value for money comes from retaining the current Cardano developer base and attracting new developers by being able to use the newest tooling available.

[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