DEX (order book pattern BynetDEX going open source) [frontend / backend / onchain / offchain]

[GENERAL] Name and surname of main applicant

Maciej Krasowski

[GENERAL] Email address of main applicant

maciej@byron.network

Additional applicants

1. Byron Network
2. Binar.com

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

2

[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.” .

No dependencies.

[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

Exchange

[METADATA] SDG rating

• SDG 9 (Industry, Innovation, and Infrastructure): The project promotes technological progress and innovation in the mobility sector, enabling the creation of decentralized applications integrating vehicle data with blockchain.

• SDG 11 (Sustainable Cities and Communities): By fostering innovation in the mobility sector, the project indirectly supports the development of sustainable transport systems. 

• SDG 17 (Partnerships for the Goals): The open-source nature of the project encourages collaborations and partnerships among developers, fostering a global technology community.

[IMPACT] Please describe your proposed solution.

1. Problem - we, as team of developers, joined Cardano ecosystem in 2021 as Plutus Pioneers Attendees. It was BinarApps back then. We've been learning 1 year to how to create Cardano dapps. Then we created Byron Network entity and released our work. We also support IOG as vendor team. We noticed there is a lack of new dev teams incoming to Cardano ecosystem. This open source repo should help to start building with Cardano
2. Why we do this - we have built our software thanks to support of investors and our own time. We tried to succeed on the field of products - mobile wallet and DEX. During one year of development we faced crisis and lack of further funding. Also we noticed that our experience is what we have the best. This is why we decided to share our work and also - get paid a little bit for our time spent on creating this software.
3. Engagement - we truly believe we will initiate the first choice software repo for DEX infrastructure - we hope to attract devs that contribute to open source
4. We want to demonstrate the impact of our proposal by number of supporters on github

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

1. New dev teams ready to start developing on Cardano
2. New projects in the ecosystem, which means higher competitiveness

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

Mostly forks and stars on github repository. Next to that: comments, pull requests, discussions.

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

We will update the community via commits shared to public repositories, code docs and pull requests.

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

• Byron Network is a Plutus Pioneers Program Attendee (2021-2022), creator of www.bynet.io protocol, Bynet Wallet, Order Book Pattern DEX (Bynet Dex)
• Byron Network works with IOG as an outsourced vendor - team of developers helping to build projects. We work on projects like Sidechains and VVA (Voltaire Voting App)
• BinarApps (Byron Network mother company) is 150 developers with 10 years of experience in software development
• Maciej Krasowski (founder of both companies) is a Polish Blockchain Association Founding Member, Fintech Central Poland creator and fintech + blockchain enthusiast for 5 years now. Working closely with two communities: Cardano and Dash

Process

• scrum/kanban with Jira software
• CI/CD on Github
• PRs on github
• direct contact with the team on slack / TG / github

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

• stars and forks on github
• positive comments
• growing number of contributors

[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.

1. Milestone 1 - preparing open source basics: github description, docs and setting up the test environment, cleaning and preparing the repository to be published openly
2. Milestone 3 - open the repository and test the builds with the community

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

Milestone 1

Clean and polish the code. Prepare proper open source basics.

Milestone 2

Publish the code, test it with the community, react to feedback

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

The cost is based on part of our work put into creating this app. We spend more than a year with a team of 6 people (3 devs, PM, devops and designer) to create it. Requested funds are around 20% of what our team spent.

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

Potential Impact: getting more dev teams building in Cardano

[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