[V2target-Dual target for ADA holder] - Maximizing your profit with the uniqueness of ADA staking mechanism.

[GENERAL] Name and surname of main applicant

Nguyen Mau Luu

[GENERAL] Email address of main applicant

nguyenmauluu@gmail.com

Additional applicants

vietcoreteam@gmail.com

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

7

[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

Exchange

[IMPACT] Please describe your proposed solution.

Facts

• The majority of people who love and participate in the Cardano ecosystem are ADA holders. And the ADA holding vision is 10-20 years.
• Currently, the crypto market is entering a downtrend phase. People tend to hold ADA firmly to wait but many investors will also leave.
• There are many ways for an investor to participate in the crypto market to increase the number of coins he holds such as using money to buy coins, trading based on exchange rate differences.
• However, financial trading in volatile markets like crypto is always considered a high-risk action and not every investor is financially savvy or has enough time. to participate in the 24/7 trading market like crypto.
• Currently, there are many financial management applications that help investors to automatically trade, but most of them have many potential risks in terms of safety and security. Two major types of applications can be mentioned as bot trading (copy trade) and Yeild farming (dapps).
• Many people staking ADA for passive income but still want the opportunity to increase their assets when the market fluctuates. However, withdrawing from the wallet to the exchange, from the exchange placing buy-sell orders, calculate the amount to sell, calculate the snapshot time to withdraw to the wallet to optimize staking.

Challenge

From the above factors, the following challenges can be seen:

• Maximizing the efficiency of using ADA can help investors increase ADA or USD
• Attract and retain ADA investors when the market is in a downtrend period
• 1 financial transaction management and transaction application to ensure the safety and initiative for users.
• 1 team of product development have enough trust from the community or investors.

Here is our detail solution

V2target or we call it the DUAL-TARGET action for ADA HOLDER is a financial application researched and developed by 2 groups:

• Research on "Dual target" solution: clip https://www.youtube.com/watch?v=xC4XiVL0Rkg
• Technical building and development (apps): Vknight.io team (Vknight.io website or github: https://github.com/vknighthub)

V2target is an application that will automatically and simply withdraw from the exchange to the wallet, from the exchange to the exchange, execute trading orders on the exchange, calculate the ADA balance, and withdraw according to the snapshot time. to ensure optimal stasking... all done automatically even when the ADA holder is asleep.

However, to deploy into a product for many people, it is necessary to have more technical solutions, financial operations, plans to deploy the product to the community...

Solution for technical and financial:

a. V2target 1.0 application has the following functions:

• Automatically withdraw and send from wallet to exchange and vice versa
• Automatically calculate when the snapshot is transferred to the wallet to optimize staking
• Always ensure ada staking number to ensure income
• Only staking ADA on SPO system
• If selling: excess ADA to generate cash flow
• If buying: buy back the amount of ada previously sold and keep the money
• If the ADA price drops more than that set parameter, it will continue to buy down to ensure that the total amount of ada staking generates the correct expected monthly income, if the amount is small the amount needed to buy the amount of ada staking of the reduction. Next price, please notify to top up
• Solution for security and safety: V2target 1.0 only develops version for PC or Laptop using Windows operating system. Security level if to run 24/7: 2 layers of security, if running directly on a clean machine (copyrighted window) and only used for running V2Target, 99.9% is guaranteed
• The next versions in phase 3 of the project will develop applications on mobile, cloud or web.

• System requirement to run the app: core icore i5- 7th generation or higher, minimum 16Gb Ram (24Gb recommended), Hard drive 200Gb (currently Database 110 Gb)

Details of V2target 1.0 can be checked on github https://github.com/vknighthub, attached manual file, demo clip

b. Financial and product distribution solutions to the community (phase 2)

•  As mentioned above, there are many financial and asset management applications similar to V2target, but most of them fail because of lack of trust and security risks.
• The idea of “Dual target for ADA holders” has been researched by a team of Cardano-savvy people and the solution has been known around for a long time in our Cardano community (the community can test it with a demo version of the product) And now we are still constantly researching more about financial solutions to apply to V2target.
• Many similar projects have failed because the implementation team does not have enough trust with users and the community. Therefore, in phase 2 of V2target, we will cooperate with reputable community groups and funders to promote the product to the community. Specifically, the first two groups will be Vcoincheck.io team and Fimi team.

The impact

• This product will provide the community with an effective financial tool in optimizing capital.
• Applications with functions that can be installed automatically help users to use without having to manipulate directly.
• Users outside the Cardano ecosystem will better understand the advantages of the ADA staking mechanism. And from there will be deeply involved in the ecosystem.
• In the long term, V2target will develop the next versions with integrated wallets, transactions connected to Dapps, swapping process via smart contract.

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

This Proposal has the following characteristics suitable for this challenge

• Business solutions - Software products
• Creation or improvement of different products that provide value to the Cardano community and wider ecosystem.

Benefit for ecosystem

• V2target will be a financial application that can help the community of ADA holders to optimize the efficiency of their ADA safely, automatically, without spending much time to closely monitor price fluctuations. market.
• Keeping ADA holders will also help attract new investors to have more faith in Cardano and increase Cardano's reputation with many people because the "Dual target" solution is only suitable and most effective for ADA. and Cardano's staking mechanism.
• In the future, V2target will develop into Dapps with more advanced financial solutions, creating excitement in the Cardano ecosystem, increasing the ADA transaction volume in the ecosystem while ensuring the safety of users. use

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

Number of MVP product:

This parameter measures the output of the product

Number of people who use the product:

This parameter measures the user's attraction to the product

Number of people who know the product:

This parameter measures the spread of the product as well as the uniqueness of Cardano's staking mechanism

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

Product source code: github https://github.com/vknighthub

Google share document: Instruction manual, project report.

Number of customer: product license key distributed

Our partner website and community: https://vcoincheck.io and https://www.facebook.com/groups/cardanoviet

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

The preparation

We also build a test product - community can check in: https://github.com/vknighthub

https://www.youtube.com/watch?v=iUJ_q6Ripjg

The core-team

Software Dev team - Vknight.io team

Vknight.io is a big and professional team. Currently, we having many project so the members who listed below are primary member to implement V2target project. We also call others member of our team to implement this project if needed.

Vknight.io product: Vcoincheck.io, Proskill39s platform.

Product Business Development Partner

Vcoincheck.io is a big team, we have 5 funded proposal in fund 7, 8. We have experiment and enough ability to control all of them. We also can share some of workload to community member if needed

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

Goal 1: Provide basic version of product

• Target: 1 product

Goal 2: Attract testing customers

• Target: 50 license key distributed

Goal 3: Attract the community to know about the product

• Target: 100 people

[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.

Milestone 1: Research financial solution

Main task

• Creating core-team
• Research and perfect the idea of "Dual target" (week 1-2)
• Making implement plan

Acceptance criteria

• 1 document set of product: product research document, details implement plan

Est cost: 16500 ADA

Timeline: month 1

Milestone 2: Research technical solution

Dev team:

• Research on requirements to create applications for "Dual target" solution – week 1

      Searching for suitable technologies and languages: using .Net core, C#. – week 2-3

+ Database management system

+ How to connect to Cardano API.

+ How to connect to Binance API.

+ Security standards.

• Analyze system requirements. – week 3-4

+ Analysis of system features.

+ Analyze workflow.

+ The algorithm calculates when to place a buy order, when to place a sell order and the amount to buy/sell.

• Making solution and developing app plan – week 4

Acceptance criteria

• 1 document set of product: product research document, technical specification, technical deployment plan,
• App Source code of all related work

Est cost: 27500 ADA

Timeline: month 2

Milestone 3: Building app system core and main features

Main task

Research team:

• Monitor Dev team's app building activities (weeks 1-4)

    

 Dev team:

• System core development – week 1-4

    + System platform design.

    + Framework design

    + Design system parameters

    + Database design

    + Manage user information / item permissions (Menu)

    + Dynamic web development, support language switching

• Development of main features: week 3-4

+ Make the purchase or sale of coins when the market fluctuates.

+ Manage capital information

+ Manage staking when the market is not volatile

Acceptance criteria

• App Source code of all related work

Est cost: 22500 ADA

Timeline: month 3rd

Milestone 4 : Building main and user features

Main Task

Research team:

• Monitor Dev team's app building activities (weeks 1-4)

Dev team:

• Developing main features: week 1-2

 + Monitor exchange rates on market info

 + Complete or incomplete transaction information

• Developing features for users to make purchases and sales according to their own judgment/needs: week 2-4

+ Framework design

+ Design the necessary parameters for trading.

+ Make purchases when the coin price on the market fluctuates.

+ Manage binance account balance information.

+ Manage buy/sell orders (see list of buy/sell orders)

Acceptance criteria:

• App Source code of all related work

Est cost: 23750 ADA

Timeline: month 4

Milestone 5 - Test and complete app V 1.0

Main Task

Research team:

• Monitor Dev team's app building activities (week 1-2)
• Test app V2target 1.0 week 3-4

Dev team:

• Perform unit-test – week 1-2
• Perform user acceptance testing (UAT) week 2-3
• Complete and write manual week 4

Acceptance criteria:

• Completed product (V1.0)

Est cost: 27500 ADA

Timeline: month 5th

Milestone 6 - Launching and marketing product

Main task

Dev team:

• V2target 1.0 maintanance and technical support: week 1-4

        

Operating team:

• Introducing product to community: week 5-8

+ Making introduce clip, create advertising in website Vcoincheck.io.

+ Choosing and distributing promotion product key to big ADA holder or who have many contribution for Vcoincheck.io community

Acceptance criteria:

• 50 key distributed or download turns
• 500 reaction turns

Est cost: 10000 ADA

Timeline: month 6-7th    

    

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

Milestone 1

Deliverables

• "ADA dual target" Researching document

Output

• Public shared document (google docs)

Intend outcome:

• Research document: 1 doc

Milestone 2

Deliverables

• Basic technical solution

Output

• Technical solution (google docs)

Intend outcome:

• Technical specification document: 1 docs

Milestone 3

Deliverables

• Product system core development
• Product main features

Output

• Technical report (google docs)
• product source code (github)

Intend outcome:

• System core

+ Make the purchase or sale of coins when the market fluctuates.

+ Manage capital information

+ Manage staking when the market is not volatile

• Main features

+ Make the purchase or sale of coins when the market fluctuates.

+ Manage capital information

+ Manage staking when the market is not volatile.

• Technical document: 1 doc

Milestone 4

Deliverables

• Product main features
• features for users to make purchases and sales according to their own judgment/needs

Output

• Technical report (google docs)
• product code (github)

Intend outcome:

• Main features

+ Monitor exchange rates on market info

+Complete or incomplete transaction information

• Features for users

+ Framework design

+ Design the necessary parameters for trading.

+ Make purchases when the coin price on the market fluctuates.

+ Manage binance account balance information.

+ Manage buy/sell orders (see list of buy/sell orders)

• Technical document: 1 docs

Milestone 5

Deliverables

• Product ver1.0
• product testing report
• user manual

Output

• Technical report (google docs)
• product code (github)
• product video walkthrough

Intend outcome

• Completed V2target V1.0 app

Milestone 6

Deliverables

• Launching app
• Product bussiness strategy

Output

• Github: app source code, app installed package
• Partner website: create advertising in website Vcoincheck.io.
• Google share doc: List of customer

Intend outcome

•  Product will be distributed to 50 ada holder or people who have many contribution for community (50 license key or download turns)
• Product will be known at least by 500 people of Vcoincheck.io platform and Fimi community
• Create 4 clips introducing V2target and Dual target solution for ADA holder.

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

Total budget: 127750 ADA

Milestone 1: 16500 ADA

Research and create “Dual target for ADA holder” solution fee: 16500 ADA (50 working hours)

Milestone 2: 27500 ADA

• Find out the situation and make a request for "Dual target" : 4500 ADA ~1350$ (18 mandays)
• Research technical solutions: 12250 ADA ~ $ 3675 (49 manday )
• System requirements analysis: 8000 ADA ~ $2400 (32 manday)
• Develop solutions and plans to build apps: 2750 ADA ~ $825 (11 manday)

Milestone 3: 22500 ADA

• System core development: 22500 ADA ~ $6750 (90 manday)

Milestone 4: 23750 ADA

• Main feature development: 12500 ADA ~ 3750$ (50 manday)
• Developing features for users to make purchases and sales according to their own judgment/needs: 11250 ADA ~ 3375$

Milestone 5: 27500 ADA

• Exchange rate tracking function on market info: 4500 ADA ~ $1350 (18 manday)
• Function Information transaction completed or incomplete: 4500 ADA ~ 1350$ (18 manday)
• Perform unit-test: 7500 ADA ~ $2250 (30 manday)
• Perform user acceptance testing (UAT): 9500 ADA ~ $2850 (38 manday)
• Write reports and finalize documentation V1.0: 1500 ADA ~ $450 (6 manday)

Milestone 6: 10000 ADA

• Bussiness operation: 10000 ADA ~ 3000$ ( 50 working hours in 1 month)

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

Saving:

• Currently we had completed the test app so part of fee is sponsored by Vknight.io team
• The technical development fee of the product is calculated according to the basic level developer as a sponsored by Vknight.io team
• Marketing costs are optimized by leveraging the community and customers of vcoincheck.io team

Cost:

• Research fee: 330 ADA/hour ~ 100$
• Business operation: 200 ADA/hour ~ 60$
• Application developing details cost: google document

[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