AEROS Universal Airline Mile based on ADA

[GENERAL] Name and surname of main applicant

Gonzalo Rios

[GENERAL] Email address of main applicant

gonzalo@aerosnetwork.com

Additional applicants

N/A

[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.” .

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.”

Mobile application

Web store to redeem Aeros

[METADATA] Category of Proposal

Other

[IMPACT] Please describe your proposed solution.

Aeros is the first universal “currency” that unifies all the different air miles. Aeros can be exchanged for many frequent flier miles or ADA, while members manage all their Loyalty programs and balances in one wallet. Members are able to Earn and Redeem Aeros in many different ways in a marketplace called Aeros Shop, or use it as another payment method. 

We do have three key elements that we provide to customers: 

• Aeros App that is offered to passengers allows them to Earn and Spend Aeros with different purchases and merchants.

• Aeros Shop is the marketplace to expose their merchants and partners before and after traveling.

• Aeros Pay allows passengers to pay with any payment method or Aeros using their mobile.

 

Through our technology, we also collect key information about the passengers: 

 

Loyalty account: including balance, expiration, status, date of registration, etc.

This information about the passengers where AI could be used to predict passenger behavior

The project is to back the currency with blockchain and create Aeros as a native token to run under the Cardano system. This will be the first Airmile token that unifies different frequent flier miles and other loyalty points programs in one currency.

Aeros native mobile app has 5 important features:

1) A wallet that keeps the aeros currency

2) An exchange mechanism to convert to air miles

3) A place where to find Earn and Redeem possibilities

4) A communication tool to talk to end-users

5) A peer to peer transfer of Aeros or payment module

It is a new payment method for passengers and a tool for airports to generate new revenues.

Aeros is not live yet but the main technology has been developed.

See the video of the mobile app & wallet attached

See the presentation of the Aeros solution program

See Aeros mock-up website video demo

Cardano is the perfect platform to run Aeros on a blockchain and allow members to exchange currency on a peer-to-peer base or to retailers.

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

Loyalty programs concentrate the biggest amount of members with currencies in their accounts. There is no better target audience than reward programs since their currency depreciates over time but crypto tokens can offset this problem since they could appreciate it in the future.

There are millions of members around the world and many are frustrated with the Airmiles redemption alternatives, so ADA could be a great one to start collecting and saving.

A product like Aeros plus the integrations to the different loyalty programs will increase the utility & adoption of Cardano through exposure to a massive customer base of loyalty programs.

Also, this project can introduce to the airlines the usage of blockchain and the advantages of this technology to migrate their programs to be run on Cardano.

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

Becoming the first AirMile Cardano token in the world to be integrated with airlines and loyalty programs around the world.

Members can save their rewards miles in ADA.

Integrating at least 3 loyalty programs in the first MVP.

The development and launching of the three elements of the currency system will be a success.

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

As mentioned we worked on development sprints and they will be reflected in a live document that can be accessible by anyone

Dashboard

Where all the sprints are accounted for and the number of hours spent

Product snapshot is divided into the Core app, wallet, exchange, Earn, Spend, Pay module, movements, and notifications.

Also the minimum requirements.

In this Dashboard, we will reflect all the project progress by dates.

Development Sprints Plan

Divided into 20 sprints by pure tech development with dates and status of each of the actions and milestones to be achieved on each Sprint.

Backlog List

Each use case has its own ID with its correspondent extension (Core app, wallet. etc)

Minimum requirement, status, and sprint allocation are reflected here

The release date is also reflected in this backlog list

Grooming

Here the use cases are prioritized by low, medium, or high, and status is reflected and visible.

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

We have been working with airlines for 10 years, United Airlines, Avianca, British Airways. We have developed a solution for end-users to accumulate a universal currency (Aeros) that can be connected to many loyalty programs. Our background is in Economics and fintech products.

Our development team is well-experienced in wallets and currencies.

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

Our goals are two:

1) Launch the Aeros app with the main features: Register, Earn, Spend, Convert to ADA

2) Launch Aeros Shop where members can see merchants and products to Spend Aeros and ADA

[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 usually work with our technology team in Sprints, each of them is defined first and is adjusted on a weekly basis by grooming. We estimate we will need at least 20 developing sprints, or 6 months total to launch a customized fully functioning MVP.

Sprints are detailed with use cases, each corresponding to different features of the solution.

All sprints are reflected in a live document with a Dashboard, execution Plan by dates, a backlog, and a Grooming list.

Month 1:

Planning and Initiation

Definition of Aeros system (values, exchanges)

APP Wallet set up and customization

Earn and Spend Aeros set up

Graphic design, logo, brand, and colors definition of the program

Month 2:

Set up Back end admin for the Aeros system

Web design Earn and Spend options

Web integration with Aeros currency admin

Finalize graphic design deliverables

Month 3:

Integration of mobile APP with web solution under the same currency Aeros

Cardano Blockchain integration to the Wallet

Native token setup plan and tokenomics definition

Month 4:

Integration with airline providers

Testing of Aeros exchange to miles

Testing of blockchain transactions and wallet

Month 5:

Set up all systems into Amazon web services

Features adjustments

Testing and launch of MVP

Month 6:

Start registering members

Work with real transactions

Test with real members and make adjustments

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

MVP of Aeros APP including:

-Loyalty Wallet

-Earn Module

-Spend Module

-Payment module with QR code

-Communication tool

MVP of Aeros Shop including:

-Merchant Console to manage products

-ADA payment option for customers

-Integrated wallet with APP balance

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

We estimate most of the cost will be in developing and integrations.

App development and customizations

1 mobile developer full time, 5 months @ 3000/ month = 15k

Website development and customizations

1 web developer full time, 5 months @ 3000/ month = 15k

Blockchain integration and tokenization

1 full stack developer full time, 4 months @ 3000/ month = 12k

Backlog and direction of developers

1 CTO and scrum master 5 months @ 3000/month = 15k

Marketing and design of the brand, website and app

1 graphic designer, 2 months @3500: = 7k

The overall direction of the project

1 project director 5 months @ 3000 = 15k

Amazon web services set up =1k

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

Rates for our developers are lower than average.

Our experience and past work will optimize the expenses and reduce time to execution.

[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