Howey Test

[GENERAL] Name and surname of main applicant

Jhonatan Smith Gutierrez Torrres

[GENERAL] Email address of main applicant

jsgutierreztorres@gmail.com

Additional applicants

N/A

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

3

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language.

Yes

[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

Standards and Regulation

[METADATA] SDG rating

8 - Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

10 - Reduce inequality within and among countries

[IMPACT] Please describe your proposed solution.

My project will enable all cryptocurrency users worldwide to conduct the Howey Test on their cryptocurrencies and determine whether they qualify as securities or not according to the SEC. This will greatly contribute to legal regulation for each individual and cryptocurrencies as a whole.

This proposal is for all cryptocurrency users, allowing them to check whether their cryptocurrencies on hold are considered securities or not, and based on that, take actions, plan their future investments, and contribute to the legal regulation for everyone

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

This is a legal product that will greatly assist the Cardano community, the cryptocurrency CARDANO, and the entire crypto ecosystem worldwide, as it aids and contributes to the legal regulation of cryptocurrencies

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

The success of this project will be measured by the following: 1) conducting a legal study on the Howey Test, 2) making the test available online for people to take through a website, 3) this is a pioneering and novel project in the world, and its innovation upon creation should be considered as a success metric in contributing to the legal regulation of cryptocurrencies, 4) the number of users who use and interact with the created Howey Test

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

The legal study on the Howey Test will be conducted in 3 months, and it will be made available online through a website

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

I am a lawyer with a master's degree and several years of professional experience, specializing in cryptocurrency regulation with expertise in the subject matter. My perfil of Linkedin is: https://www.linkedin.com/in/jhonatan-gutierrez-448507185

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

The main objectives of this project are to contribute to the legal regulation of cryptocurrencies worldwide, assist crypto users, and innovate with a legal product for cryptocurrency regulation

[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.

The delivery schedule for this project is 3 months, and the milestones are as follows: 1) Conduct a legal research on the Howey Test, which will be documented, 2) Create a questionnaire with appropriate questions for people to answer when taking the Howey Test, 3) Develop a website and make the Howey Test available to the public, incorporating the previous two milestones

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

This project will be completed in 3 months and will have 3 milestones. To achieve milestone 1, a legal document on the Howey Test will be delivered. To achieve milestone 2, a second legal document containing the questions that users should answer when taking the Howey Test will be delivered. Finally, to achieve milestone 3, a website will be delivered, incorporating all the previous components and making the Howey Test available to the public

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

The budget for this project is as follows: 1) Legal consulting services from a lawyer for 2 months, working full-time for 8 hours per day on business days, totaling 8 hours per day for 40 days at $55 per hour = $17,600 (or approximately 52,800 ADA). 2) Website development by a company for 1 month = $2,000 (or approximately 6,000 ADA). 3) Advertising for the project over 3 months = $3,733 (or approximately 11,200 ADA)

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

This project is highly innovative, contributes to the legal regulation of cryptocurrencies worldwide, and is also a cost-effective initiative that will have a positive impact on the CARDANO ecosystem and cryptocurrencies in general

[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