Profiler v2.0: Advanced Investigation and Tracking Tool for Cardano

[GENERAL] Name and surname of main applicant

Mohamed Habbat

[GENERAL] Email address of main applicant

mohamed.habbat@bicatalyst.ch

Additional applicants

Full name: Adnan Habbat

Role: Designer & Web Developer

Email: adnan@adncodez.com

Github: https://github.com/AdnCodez

Website: https://adncodez.com

Description: As a seasoned freelancer with over 20 successful projects under my belt, I specialize in Figma design and web development. My expertise lies in transforming intricate Figma designs into dynamic React components, delivering visually appealing and functional web solutions.

Full name: Muhammad Musa

Email: musaghauri@hotmail.com

Linkedin: https://www.linkedin.com/in/musaghauri

Github: https://github.com/musaghauri

Role: Full Stack Developer

Description: I am a proficient Full Stack MERN developer with a solid 7-year track record. My experience spans across various domains including AWS, user authentication services, payment services, data visualization libraries, and building dashboards & SaaS products. I pride myself on being a niche expert in the React/Next.js ecosystem, delivering robust and scalable solutions.

Full name: Waqas Arshad

Email: waqasarshad777@gmail.com

Linkedin: https://www.linkedin.com/in/waqas-arshad

Github: https://github.com/waqasarshad777

Role: Full Stack Developer

Description: With over 7 years of experience in web application development, I have a comprehensive understanding of the entire development project life cycle. My expertise lies in delivering top-tier solutions while maintaining effective and transparent communication throughout the project. I am committed to delivering high-quality web applications that meet and exceed expectations.

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

12

[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.”

In the initial phase of Profiler v2.0, both the backend and frontend components of our project will not be open source. This decision is primarily driven by our need to ensure the stability, security, and integrity of our tool, especially given its sensitive role in combating scams and fraudulent activities in the Cardano blockchain. However, we are actively considering the possibility of some or all components once we release the second version of Profiler.

[METADATA] Category of Proposal

Data tools

[IMPACT] Please describe your proposed solution.

Profiler v2.0 is designed to address a significant challenge in the Cardano ecosystem: the prevalence of scams and fraudulent activities. We perceive this problem as a barrier to the growth and adoption of Cardano, as it can deter potential users and undermine the trust of existing ones.

Our solution, Profiler v2.0, is an advanced investigation and tracking tool specifically designed for the Cardano blockchain. It builds upon the existing v1 of our tool Profiler, enhancing its capabilities to provide users with a more comprehensive, user-friendly, and efficient way to effortlessly investigate Cardano addresses and assets with little or no knowledge of how eUTXO works to safeguard and protect their funds.

Profiler v2.0 will engage both novice and advanced users in the Cardano community. For novice users, it will provide an accessible way to gain insights into potential scams and fraudulent activities, helping them to make informed decisions and protect their investments. For advanced users, it will offer a streamlined platform for conducting investigations, saving them valuable time and effort.

The impact of Profiler v2.0 will be demonstrated through its contribution to the safety and security of the Cardano ecosystem. By empowering users with the tools and insights they need to protect themselves against scams and fraud, it will help to build trust and confidence in Cardano, encouraging more users to join and engage with the ecosystem.

What sets Profiler v2.0 apart is its focus on the Cardano blockchain, its user-friendly interface, and its comprehensive set of features. It is designed to be accessible to users of all levels of experience, making it a valuable tool for the entire Cardano community.

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

Detecting fraudulent activities on the blockchain can be a daunting task, particularly for everyday users. Even for advanced users, on-chain analysis can be complex and time-consuming, especially considering the intricacies of eUTXO and the expanding Cardano ecosystem.

Our proposed solution, Profiler v2.0, tackles this issue head-on. By offering an intuitive, advanced investigation and tracking tool, we aim to significantly curb these activities. Our goal is to empower users of all levels, making blockchain analysis accessible and leveling the playing field.

Profiler v2.0 will bring several benefits to the Cardano ecosystem:

1. Enhanced Security: By providing users with the tools and insights they need to identify and avoid fraudulent activities and scams, Profiler v2.0 will contribute to the overall security of the Cardano ecosystem. This will help to build trust and confidence among existing users and attract new users to the platform.
2. Increased Adoption: By making it easier and safer for users to engage with the Cardano blockchain, Profiler v2.0 will encourage more people to join the ecosystem. This will contribute to the growth and adoption of Cardano.
3. Community Empowerment: Profiler v2.0 will empower the Cardano community by providing them with the tools they need to protect themselves against scams and fraud. This will foster a sense of ownership and responsibility among users, strengthening the community and promoting active participation.

In terms of quantifying the impact, we anticipate that Profiler v2.0 will engage thousands of users within the first few months of its launch. We also expect to see a significant reduction in the number of scams and fraudulent activities reported within the Cardano ecosystem. These metrics will be tracked and reported to demonstrate the impact of our project on the Cardano ecosystem.

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

Our proposed solution, Profiler v2.0, directly addresses the challenge of enhancing security and trust within the Cardano ecosystem. We aim to combat scams and fraudulent activities by providing a comprehensive user-friendly, sophisticated tracking tool specifically designed for the Cardano blockchain.

The Profiler v2.0 will bring significant benefits to the Cardano ecosystem beyond just funding our project team. It will provide users with easy to use tools to track suspicious Cardano addresses, honeypot tokens, wash trading, and more, and stay informed about the latest scams. This will empower users to make informed decisions, thereby enhancing their security and trust in the Cardano ecosystem.

In terms of quantifying the impact, we aim to interact with 2% of the active Cardano addresses, which equates to over 9,000 addresses. While this doesn't directly translate to the number of individual users, it represents a significant level of engagement within the Cardano ecosystem.

Moreover, our goal is to reduce scams and fraudulent activities by at least 5%. This would represent a significant improvement in the security and trustworthiness of the ecosystem, benefiting all users.

As the Cardano blockchain grows and attracts more users, we anticipate that the percentage of active addresses interacting with Profiler v2.0 will increase over time. We will track these metrics and report on our progress to demonstrate the tangible impact of Profiler v2.0 on the Cardano ecosystem.

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

Our plans to share the outputs and results of the Profiler v2.0 project are multi-faceted and designed to reach a broad audience within the Cardano ecosystem.

1. Profiler v2.0, the primary output of our project, will be publicly accessible via our WebApp, which is already online at profiler.biz. The dashboard provides a comprehensive overview of user investigations, wallet tracking, alerts, and more. Users can initiate investigations, monitor Cardano addresses, manage alerts, and access our features: Investigation tools, tracking, monitoring, alerts, and more.
2. Community Engagement: We plan to actively engage with the Cardano community through various channels such as Cardano forums, Reddit, and social media platforms. We will share updates, insights, and results from our project, and seek feedback to continuously improve our tools.
3. Partnerships: We aim to collaborate with other projects and platforms within the Cardano ecosystem. By integrating our tools and sharing our data with these partners, we can extend the reach and impact of our project.
4. Educational Content: We already released our blog available in our WebApp profiler.biz/blog, we are creating regular posts, and tutorials to educate users on how to use our tools effectively and take most of the benefits from them. This content will be shared on our website, social media, and other relevant platforms.
5. Further Research and Development: The data and insights generated from our project will be invaluable for further research and development. We plan to use these results to continuously improve our tools, develop new features, and adapt to the evolving needs of the Cardano ecosystem. We are also open to sharing our findings with academic researchers and other interested parties to contribute to the broader understanding of security and trust in blockchain ecosystems.

Despite operating with limited resources at present, we are actively working on and enhancing our existing live version of Profiler. If we secure funding, we plan to launch a test version of our product at test.profiler.biz from the first milestone onwards. This will allow us to progressively increase the frequency of our releases.

Our first release will be the unveiling of our new design to the community. We aim to gather feedback and make necessary improvements based on this input. Following this, we will begin incremental releases, rolling out each feature and component for community testing. We plan to incentivize community participation in this testing phase to ensure robust feedback and engagement.

Throughout the lifecycle of the project, we will maintain a strong focus on community engagement, partnerships, and the creation of educational content. These ongoing efforts will ensure that we remain connected with our user base and continue to deliver a product that meets the evolving needs of the Cardano ecosystem.

• https://twitter.com/ProfilerBiz
• https://www.facebook.com/ProfilerBiz

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

Our team is well-positioned to deliver this project with high levels of trust and accountability. The team is led by Mohamed Habbat, a Swiss-based programmer and entrepreneur with a proven track record of delivering innovative solutions across various industries. He is adept at working with blockchain technology, full-stack development, and DevOps. He has over 10 years of experience in the field and has successfully developed and launched the Profiler v1 in his spare time. His portfolio includes the development of innovative business solutions using blockchain technology.

The design of Profiler v1 was done by Adnan Habbat, an experienced designer and React developer. Adnan is a freelance web developer & designer who helps startups and enterprises tackle their development obstacles to get the results they hope for and introduce their services/products to the world, promptly at a competitive cost.

For the new version of Profiler, Mohamed will manage the project and Adnan will design it. We have also expanded our team with the addition of two full-stack developers, Muhammad Musa and Waqas Arshad, who bring a wealth of experience in web application development. We are currently seeking a community manager to manage social networks and communication. We welcome applications from interested and qualified individuals.

In terms of financial management, we understand the importance of managing funds properly. We will ensure transparency in our financial operations and will provide regular updates on the project's progress. We are committed to delivering this project successfully and contributing to the Cardano ecosystem. Our team's experience and dedication, combined with a clear project plan and transparent financial management, make us well-suited to deliver this project with high levels of trust and accountability.

To ensure the quality and reliability of our solution, we will adopt an incremental release approach. This means that we will be releasing new features and improvements in stages, allowing us to gather feedback and make necessary adjustments along the way. This approach not only ensures that we deliver a product that meets the needs of the community but also allows us to manage risks effectively.

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

1. Advanced Investigation Tool: One of our key objectives is to develop an advanced investigation tool that visualizes the transaction flow from a starting address. This tool will empower users to easily trace and follow addresses, save their findings in a graph, and effectively "connect the dots" in their investigations. This feature aims to provide a comprehensive and user-friendly way for users to delve deeper into transaction patterns and address relationships on the Cardano blockchain.
2. Real-Time Wallet Monitoring and Alerts: Our objective is to incorporate a feature that enables users to monitor any wallet in real-time, coupled with an alert system based on user-specified parameters. This real-time monitoring and alert system will furnish users with immediate updates and data visualizations, empowering them to take swift action when necessary.
3. Provide a Comprehensive Dashboard: We aim to provide a comprehensive dashboard with visuals that offer users a clear and concise view of their wallet activities and the overall state of the Cardano ecosystem.
4. Improve User Experience: We aim to create an intuitive and user-friendly interface that makes it easy for both novice and advanced users to use, navigate and understand the information presented.
5. Simplify On-Chain Analytics: We aim to lower the barrier for on-chain analytics by making sense of data through our data analytics feature. This will simplify the process of understanding and interpreting on-chain data for the Cardano community, making it accessible to users of all levels of expertise.

To validate the feasibility of our approach, we will use a combination of qualitative and quantitative measures:

1. User Feedback and Engagement: We will actively seek feedback from our users and the broader Cardano community. Their engagement and satisfaction with our platform will be a key indicators of our success.
2. Usage Metrics: We will track key metrics such as the number of active users, the number of wallets monitored, and the number of alerts sent. These metrics will help us measure the impact of our platform and guide our future development efforts.
3. Incremental Development and Testing: Our development approach involves incremental releases, which allows us to test each feature thoroughly and make necessary adjustments based on user feedback and performance.
4. Community Engagement: We will actively engage with the Cardano community through various channels, including social media, forums, and community events. The level of community engagement will be a key indicator of our project's success and impact.

[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. Marketing and Community Engagement (Ongoing throughout the project):
2. Develop a marketing and community engagement plan
3. Regularly update the community on project progress through blog posts, social media updates, etc.
4. Organize community events or webinars to gather feedback and keep the community engaged
5. Monitor and respond to community feedback and inquiries
6. Planning (30 days):
7. Defining the requirements
8. Software architecture
9. Infrastructure setup
10. Database design
11. Design (30 days):
12. Designing the Profiler v2 with all features and visuals
13. Real-time monitoring System and API (30 days):
14. Implementation of backend logic for real-time monitoring system
15. Creating API interface
16. Backend logic used by Dashboard graphs and API (60 days):
17. Monitoring and Alert overview
18. Incoming transaction analysis
19. Outgoing transaction actions
20. API
21. Frontend development (90 days):
22. Web3 auth
23. Converting figma design to react components
24. Charts
25. Consuming the API
26. User Feedback and Iteration (30 days):
27. Deploy a beta version of the tool for a select group of users
28. Gather and analyze user feedback
29. Make necessary adjustments based on feedback
30. Release

Note the frontend development will start in parallel with the milestone 4

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

1. Marketing and Community Engagement (Ongoing):
2. Deliverables: Marketing and community engagement plan, regular updates on project progress, community events, or webinars.
3. Intended Outcomes: Increased awareness and engagement within the community, constructive feedback and suggestions from users, and a strong user base ready for the launch of the product.
4. Planning (30 days):
5. Deliverables: Detailed project requirements, software architecture design, infrastructure setup plan, and database design.
6. Intended Outcomes: A clear and comprehensive plan for the development of Profiler v2.0, ensuring all team members understand the project's goals and requirements.
7. Design (30 days):
8. Deliverables: Completed designs for the dashboard, monitoring pages, and alert pages.
9. Intended Outcomes: User-friendly and visually appealing designs that meet the needs of the users and align with the project's goals.
10. Real-time monitoring System and API (30 days):
11. Deliverables: Backend logic for real-time monitoring system, API interface.
12. Intended Outcomes: A robust and efficient real-time monitoring system that can accurately track and analyze transactions.
13. Backend logic used by Profiler V2 and API (60 days):
14. Deliverables: Backend logic for incoming transaction analysis, outgoing transaction actions, and API.
15. Intended Outcomes: A comprehensive and reliable backend system, with API that, supports our features (investigations - monitoring - alerts - dashboard)
16. Frontend development (90 days):
17. Deliverables: Web3 auth
18. Dashboard components and charts
19. Investigation page and features
20. Monitoring page components and features
21. Alerts page components and features
22. Intended Outcomes: A fully functional and user-friendly frontend that provides users with valuable insights and tools to investigate, monitor and track Cardano wallets and assets
23. User Feedback and Iteration (30 days):
24. Deliverables: Beta version of the tool, user feedback report, updated tool based on feedback.
25. Intended Outcomes: A refined and improved version of the tool that meets the needs and expectations of the users.
26. Release
27. Deliverables: The final version of Profiler v2.0, ready for use by the community
28. Intended Outcomes: A comprehensive investigation and tracking tool for the Cardano blockchain that empowers users to detect fraudulent activities, make informed investment decisions, and safe guard their funds

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

Lead Software Engineer/ Full Stack developer (pre-tax): 238,498 ₳

• Cost would be $80/hour
• 800 working hours

Senior Frontend Engineer (pre-tax): 134,155 ₳

• Cost would be $75/hour
• Working hours: 480 hours

Senior Backend Engineer: 134,155 ₳

• Cost would be $75/hour
• Working hours: 480 hours

Designer: 49,190ADA

• Cost would be $55/hour
• Working hours: 240 hours

Marketing & Community Engagement: 100,000 ₳

• This cost cover marketing materials, and community manager part time.

Service Hosting and Infrastructure for 1 year 50,000 ₳

• Hosting
• Devops
• Cardano API

The calculation is done based on the ADA price on the 17 July of 0.31 USD

Total: 705,998 ₳

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

The cost of the Profiler v2.0 project represents value for money for the Cardano ecosystem in several ways:

1. High-Quality Product: The funds will be used to develop a high-quality product that will provide valuable insights and tools to Cardano users. This includes features like Web3 Sign In, User-friendly Dashboard, an Investigation tool, generating graphs for investigation, Wallet Tracking, alerts, analytics, and more.
2. Proficient Team: The project will be spearheaded by two well-established entities, Bicatalyst and BitBytes. Our team is composed of seasoned developers and project managers, each with a proven track record in blockchain development and project management. Additionally, we have a seasoned freelancer onboard Adnan who has successfully completed over 20 projects and was instrumental in designing Profiler v1. The budget takes into account the compensation for the lead developer and project manager from Bicatalyst, developers from BitBytes, and our accomplished freelancer. This aligns with industry standards and the average wages in our respective countries, Switzerland, Pakistan, and Morocco.
3. Incremental Releases: We will be releasing the product incrementally on the test domain, which means the Cardano community will start receiving value from the project early in the development cycle.
4. Community Management: A portion of the cost will be used to hire a community manager who will manage social networks and communication. This will ensure that the Cardano community is well-informed about the project's progress and can provide valuable feedback.
5. Scalability and Future Growth: The cost also includes the redesign of the backend, UI, new features, and the implementation of better caching systems to improve performance and efficiency. This will ensure that the product can handle increased data and user load in the future, providing long-term value to the Cardano ecosystem.

[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