Reusable Marketplace for any digital asset

[GENERAL] Name and surname of main applicant

Alejandro Rodriguez

[GENERAL] Email address of main applicant

alejandrorodriguezmno@gmail.com

Additional applicants

Roberto Intriago

Fernando Ontiveros

Ilan Melendez

Douglas Montero

[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.

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?

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

dApp

[METADATA] SDG rating

SDG goals

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

SDG subgoals

• Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all.
• Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labor-intensive sectors.
• Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services.
• Improve progressively, through 2030, global resource efficiency in consumption and production and endeavor to decouple economic growth from environmental degradation, in accordance with the 10‑Year Framework of Programmes on Sustainable Consumption and Production, with developed countries taking the lead.
• By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value
• Protect labour rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment.

[IMPACT] Please describe your proposed solution.

We propose to build an open source marketplace where the developers will be able to interact with different Plutus components so that the Cardano Community will develop dApps in faster pace.

The project will engage with all the Developers Community and the stakeholders of the Cardano Projects that has the need of having a marketplace in their dApps.

We will prove our impact measuring the dApps built using our marketplace.

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

The Cardano Ecosystem will have an open source component that will accelerate the development of dApps.

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

Measuring the dApps built using this component.

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

We will attend Town Halls weekly where we will share our progress and we will reach out to the Cardano Community through Discord, Telegram and Twitter.

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

Our team brings a unique blend of industry experience and technical acumen as we have a proven track record. Our core team has worked in IOG for the last 2 years, in Fintech and Blockchain for over a decade. We have strong financial management skills, underscored by experience with previous startups. We've managed budgets effectively, ensuring optimal use of resources.

We ensure proper management of funds through:

1. Detailed Budgeting: We allocate funds comprehensively to cover all project expenses.
2. Financial Controls with Multi-Sign Wallets: We ensure strict oversight and security by using multi-signature wallets and implementing approval processes for fund transfers.
3. Regular Reporting: We provide transparent financial reports to keep stakeholders informed about project finances.
4. Open Auditing: Our financial processes are auditable by the community and external stakeholders, promoting accountability and independent verification.

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

Our main goal is for developers to build their dApps using our Marketplace component.

We will measure our goal with the numbers of projects that are developing using our software.

[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: Tokenization

Duration: 2 weeks

Success criteria: Digital asset tokenized

Milestone 2: UX/UI

Duration: 3 weeks

Success criteria: Front end for the end users to interact with

Milestone 3: Trade of tokens

Duration: 4 weeks

Success criteria: Transactions between buyers and suppliers

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

Milestone 1: Tokenization

Deliverable: Smart contracts deployed in test environment.

Milestone 2: UX/UI

Deliverable: Front end deployed with API integration.

Milestone 3: Trade of tokens

Deliverable: Transactions between buyers and suppliers in Production environment

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

Milestone 1 - Tokenization

• Resources: Solution Architect and developer
• Estimated Man-Hours: 80 hours
• Cost: ₳ 16,000

Milestone 2 - UX/UI

• Resources: UX/UI expert and 1 front end developer
• Estimated Man-Hours: 120 hours
• Cost: ₳ 24,000

Milestone 3

• Resources: QA Engineers, Developers
• Estimated Man-Hours: 160 hours
• Cost: ₳ 32,000

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

The total budget for our project is based on a standard man-hour rate of ₳ 167 ($50), in line with industry standards for developers, architects and PMs in the sector. This cost includes project management, architecture, UI/UX design, feature development, testing, and platform launch, all performed by our highly experienced team.

Each dollar spent is an investment in the Cardano ecosystem, aiming to strengthen it by enabling MSMEs in developing countries to access funding, attracting new users and showcasing Cardano's utility. Thus, we believe the project represents excellent value for money.

Justification of the cost:

1. PM, Architecture & UI/UX Design: Our experienced team ensures maximum value per dollar spent, producing a user-friendly and efficient platform.
2. Core Features Development: Building secure and efficient systems on Cardano requires skilled blockchain engineers, thus justifying the cost.
3. Testing and QA: To launch a high-quality, bug-free platform, rigorous testing is necessary, warranting its allocation in the budget.
4. Launch & User Feedback: The marketing and support team will ensure effective platform launch and collection of crucial user feedback.

[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