Adoption + Retention & Loss Prevention ( Ruggable.Me )

[GENERAL] Name and surname of main applicant

Joseph Escobar

[GENERAL] Email address of main applicant

info@ruggable.me

Additional applicants

The entire NFT/FT Cardano Community

[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.” .

No dependencies

[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 hub will not be open source until a clear market advantage is established or specific smart contract transparency is warranted.

[METADATA] Category of Proposal

dApp

[IMPACT] Please describe your proposed solution.

Developing a hub for already familiar to blockchain users from Cardano and other blockchains with the following value propositions:

• Facilitate the disposal and conversion of undesirable digitally issued assets into value in the Cardano blockchain.
• Incentivize continuous participation and engagement from the community with value vehicles.
• Educate the community about the pros and cons of decentralized ecosystems.

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

The hub will contribute to addressing the decline in participants in the Cardano Ecosystem since the "Bull run" with active onboarding.

The benefit to the Cardano Ecosystem is new members participating in all things Cardano.

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

The success of the platform will be visible through the following metrics:

• Number of assets exchanged from other blockchains into Cardano assets via the Ruggable Exchange.
• Value harvested by participants from Hub value vehicles.

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

The impact/outputs of the hub will be reflected on the landing page of the site in the form of metrics based on the performance of the Exchange and other value vehicles starting the day the site goes live.

The information gathered at launch and first quarter of operations will be used to improve the current mechanics and develop future ones. ( Note: A feedback function will be active for participants to contribute with suggestions and recommendations )

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

I am the founder and operator of a Production/Manufacturing company for the past 8 years in the highly regulated Cannabis industry.

Personal Actions to instill trust in Ruggable.Me future supporters and customers:

• I have personally funded the Ruggable.Me MVP web based platform.
• I have spent the last two years in crypto twitter learning and participating in the space.
• The Cardano Community knows Who I am in real life and my business.
• the funds requested will be managed on a multisig wallet and guaranteed repayment to catalyst.

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

The main goals of the project are:

• Adoption from other blockchains and new comers.
• Retention of participants in the blockchain.
• Loss prevention via education about decentralized ecosystems.
• To create value and use cases for otherwise worthless digitally issued assets.

[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.

Milestones:

( Month 1 ) Launch web based hub

( month 2 ) Implement/issue digital assets + "Loyalty" incentivizing mechanism

( Month 3 ) Implement Ruggable Exchange V.1

( Month 4 ) Implement value vehicle 1

( Month 5 ) Implement value vehicle 2

( Month 6 ) Implement value vehicle 3

( Month 7 ) Implement value vehicle 4

( Month 8 ) Expand and optimize the Ruggable Exchange to interact with all other high volume blockchains such as "ETH, SOL, BTC ordinals, Polygon, etc.

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

Launch platform (Month 1): Website goes publicly live for participants to become familiar with the platform intent and to join the educational forum while the digital asset issuance is marketed and implemented.

Implement/issue digital assets + "Loyalty" incentivizing mechanism (Month2): Digital assets will be issued to community members who support the project in its early stage.

Implement Ruggable Exchange (Month 3): Open the Ruggable Exchange for the Cardano Community to use and start unlocking value from their otherwise undesirable assets.

Implement value vehicles (Month 4-7): Launch the gamified/interaction based mechanisms in the platform.

Expand and optimize the Ruggable Exchange( Month 8 ): to interact with all other high volume blockchains such as "ETH, SOL, BTC ordinals, Polygon, etc.

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

Detailed budget breakdown:

The catalyst proposal requested funds are under a fully refundable no risk loan agreement NOT a grant agreement to be spent on development.

• Ruggable.Me would utilize the network stakepool delegation rewards and any other ISPO based revenue generated from a riskless leverage for operating expenses of an already founder funded MVP.
• The principal of the loan would never be spent and will be fully refundable to the catalyst treasury if the project fails or When Cardano is to reach its ATH. This is a no loss loan request from the catalyst treasury for operation costs based on delegation rewards.

The delegation reward will breakdown as follows (Every 6 epochs):

Operations 80%

Team 20%

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

Value to the Cardano Ecosystem:

• The Funds will be returned in full ( No financial loss to the Cardano community and catalyst )
• The platform is built to have the participants as main benefactor in its operations.
• The platform focuses on adoption, retention and loss prevention from other blockchains and new comer potential participants.
• The platform will work in partnership and collaborations with the top projects in the space to provide value to the Cardano community and also into welcoming newcomers.
• More at this time we cannot reveal to protect IP.

[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