Buy or Sell $ADA On WhatsApp & Telegram by Automated ChatBot / On-Ramp and Off-Ramp Crypto Fiat/ADA ($BRL <-> $ADA)

[GENERAL] Name and Surname of Main Applicant

Otávio Lima

[GENERAL] Email address of Main Applicant

contato@otaviolima.com

Additional Applicants

No

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

4

[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?

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.” in this field.

The platform will use confidential data related to user privacy, transactions carried out and KYC, so the code will not be shared.

[METADATA] Category of Proposal

Exchange

[IMPACT] Please describe your proposed solution.

Our project is to deliver a Bot to buy/sell $ADA and Cardano ecosystem tokens within WhatsApp or Telegram through On-Ramp and Off-Ramp Crypto Fiat/ADA ($BRL <-> $ADA).

WhatsApp users in Brazil

The survey points out that 93.4% of Brazilian internet users, aged 16 to 64, use WhatsApp, which is equivalent to 169 million users.

Telegram users in Brazil

According to the mobile data analysis company, App Annie, in January, Telegram accumulated almost 42 million active users in Brazil.

PIX users in Brazil (from the financial payment system in Brazil)

Today Pix in BRAZIL has 803 participating institutions and more than 140 million registered users.

The number of registered keys, including CNPJ, email, CPF, cell phone and random sequences, exceeds 550 million, since each person or company can register more than one option.

HOW IT WORKS?

OPTION 1:

SELL $ADA TO FIAT (BRL) WHATSAPP OR TELEGRAM BOT AND RECEIVE IN BRAZILIAN BANK ACCOUNT

1. Within WhatsApp or Telegram, start a conversation with our Bot and complete the KYC onboarding;
2. Enter the value of how many $ADAs you want to sell;
3. Enter the PIX (equivalent to the bank, branch and account of a user of the Brazilian national payment system);
4. Check the swap amount against the $ADA quote, transaction fee and then send the transaction to the indicated wallet or read the QR CODE.
5. In a few minutes receive the value of the $ADA to BRL swap in your bank account in Brazilian Reais.

OPTION 2:

BUY $ADA WITH FIAT (BRL) BY PIX ON WHATSAPP OR TELEGRAM BOT AND RECEIVE IN YOUR CARDANO WALLET

1. Within WhatsApp or Telegram, start a conversation with our Bot and complete the KYC onboarding;
2. Enter your Cardano wallet address;
3. Enter the value in R$ (Brazilian reais) of how much you want to buy equivalent in $ADA;
4. Accept swap amount on $ADA quote and transaction fee;
5. At your bank, send a PIX (eletronic bank trasfer) with the amount in R$ to the indicated QR Code;
6. In a few minutes, receive the value in $ADA in your wallet for the purchase made with Fiat (R$ - Brazilian reais).

PIX STATISTICS IN BRAZIL

The financial volume of transactions per Pix reached BRL 10.9 trillion in 2022, more than double the amount recorded in 2021, in the order of BRL 5.2 trillion, according to statistical data provided by the Central Bank (BC).

PIX USERS

PIX TRANSACTIONS:

SOURCE: CENTRAL BANK OF BRAZIL

https://www.bcb.gov.br/estabilidadefinanceira/estatisticaspix

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

We believe that this proposal brings several benefits to the Cardano ecosystem, of which we can highlight:

1) Convert $ADA <-> Fiat in a simple way on WhatsApp or Telegram Bot

• Transact $ADA to Fiat (R$ - Brazilian Reais) inside the apps;
• Transact Fiat (R$ - Brazilian Reais) to $ADA inside the apps, in a very simple way inside the powerfull chat apps such WhatsApp and Telegram.

2) Integration to the PIX "Brazilian National Payment System"

Integration into the Brazilian national payment system (PIX), used by more than 140 million people daily.

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

Success for this project can be defined:

• Real-time generated information for site users
• Number of transactions
• Number of interactions on Telegram Bot
• Number of interactions on WhatsApp Bot
• Total amount transacted on the platform
• Number of shares on specialized media sites and social networks
• Validation of feedback and platform improvements

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

We will give the community some sort of progress report as we go along, in the form of a monthly news release on Cardano Feed, to measure the progress of our proposal.

• We will also provide a panel to be disseminated within Cardano Feed, with the evolution of the project according to the Catalyst KPIs
• Number of hits to the Bot: 35,000
• Number of registered users: 25,000
• Number of KYC registered: 16,000
• Number of Buy and Sell $ADA transaction on platform: 15,000

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

Our team has previously been approved in 5 projects on Catalyst and all projects were successfully completed and with a project closure report containing all proof of delivery (4 projects in Fund 8 and 1 project in Fund 9).

Our team is composed of developers, UX / UI, Marketing, SEO, Marketing, Business and we developed the largest media coverage platform Cardanofeed.com, with more than 1,000,000 monthly visits and also the largest "Cardano Ecosystem" project directory (approximately 1,200+ projects).

Our team has already organized several official Cardano events for the community, including:

• Cardano at IX BITCONF 2022 - Exhibit Largest Blockchain LATAM BR (May, 2022)
• Cardano Summit São Paulo 2022 (November, 2022)
• Cardano Brasil Workshop CIP-1694 in São Paulo (July, 2023)
• LATAM CIP-1694 PanLatam Workshop - Punta Del Este / Uruguay (June, 2023)

We attended Cardano's global workshop on CIP-1694 Governance in person in Edinburgh UK (July, 2023).

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

We believe that ease of use and adoption of the tool will be one of our main objectives for the project and how we will validate its reach:

Provide a way to buy $ADA in a very simple way on WhatsApp & Telegram Bot, integrated with the PIX (from the financial payment system in Brazil), using the Fiat On-Ramp -> $ADA on WhatsApp & Telegram Bot.

We will also provide a simple way to sell $ADA and receive Fiat in your bank account through PIX, doing the $ADA Off-Ramp -> Fiat on WhatsApp & Telegram Bot.

[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

Cost: 30%

Month: 1 month

% Completion: 30%

M1 - Acceptance Criteria

(A) Delivery of the information architecture

(B) Definition of the Mind Map and sections of the site

(C) Creation of the platform wireframe

(D) Creation of news tracking on Cardano Feed

Milestone 2

Cost: 30%

Month: 1 month

% Completion: 60%

M2 - Acceptance Criteria

(A) UX/UI studies for the first website interface

(B) Definition of tech requirements

(C) Creation of news tracking on Cardano Feed

Milestone 3

Cost: 30%

Month: 1 month

% Completion: 90%

M3 - Acceptance Criteria

(A) Start of Front-end programming

(B) Start of Back-end integration

(C) News release about measure tracking proposal on Cardano Feed

(D) Integration with Payment gateways and service providers

(E) Integration with Telegram and WhatsApp Bot

Milestone Final

Cost: 10%

Month: 1 month

% Completion: 10%

MFINAL - Acceptance Criteria

(A) Completed of Front-end and back-end integration

(B) Whitelist with Users for Platform MVP

(C) Form with Collecting of feedback on platform

(D) Link with News published on Cardano Feed

(E) Launch of the platform

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

Milestone 1

M1 - Evidence of Milestone completion

(A) Document with Completed information architecture

(B) Image file with Completed Mind Map and sections

(C) Image file with Completed wireframe

(D) Link with News published on Cardano Feed

Milestone 2

M2 - Evidence of Milestone completion

(A) Images (PNG or Figma) with the first interface design

(B) Document with tech requirements

(C) Link with News published on Cardano Feed

Milestone 3

M3 - Evidence of Milestone completion

(A) Image or prints with front-end

(B) Image or prints with back-end

(C) Link with News published on Cardano Feed

(D) Print with Payment gateway integration

(E) Print with Telegram and WhatsApp Bot integration

Milestone Final

MFINAL - Evidence of Milestone completion

(A) Image or prints with front-end and back-end integration

(B) Form (Google) with invite members to test platform

(C) Form (Google) with Collecting Feedbacks

(D) Post and news with launch date platform on Cardano Feed

(E) URL link the platform Live

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

Detailed budget breakdown:

Tech Stack:

• Developer Front-end = $2,800 x 4 months = $11,200
• Developer Back-end = $2,800 x 4 months = $11,200
• Product Owner = $900 x 4 months = $3,600
• Scrum Master = $900 x 4 months = $3,600
• Designer UX/UI =$900 x 4 months = $3,600
• Amazon AWS Services Maintenance (1 year) = $1,600
• Add-ons, notifications and endpoints = $900
• Third party Code Audits = $4,000

SUBTOTAL: $39,700

Marketing and Sales:

• Social Media = $800 x 4 months = $3,200
• Marketing Assistant = $600 x 4 months = $2,400
• Marketing Budget = $800 x 4 months = $3,200

SUBTOTAL: $8,800

Legal, Compliance and Advisors:

• Payments Advisor = $800 x 4 months = $3,200
• Lawyer and Compliance Specialist = $800 x 4 months = $3,200

SUBTOTAL: $6,400

TOTAL: $54,900 x $0,28 ADA = ₳ 196,071

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

We believe that the cost of the project is very affordable for what we will deliver in terms of adoption and utility by people who use the ADA Cardano cryptocurrency in Brazil.

• We will use the power of the user base using WhatsApp and Telegram messaging applications daily, through a Bot, together with the ease of the PIX system.

• We will be integrated into the National Payment System to send and receive PIX, which currently has more than 140 million registered users.

• More than 803 institutions participating in the PIX system in Brazil.

• We will use a lot of technology, integrations via API / Webservice to keep the investment in the project always as optimized as possible.

[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