ADAlystic - Active investment tool

[GENERAL] Name and surname of main applicant

Daniel Nguyen

[GENERAL] Email address of main applicant

ndtr2000@gmail.com

Additional applicants

Tu Dinh

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

9

[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.”

Our project will not be fully open source. While the majority of the project components and codebase will be open source, there are certain outputs that will not be publicly available. This includes specific modules or functionalities that are proprietary and provide a competitive advantage to our project. Keeping these components closed source allows us to protect our intellectual property and maintain a unique offering in the market. 

However, we are committed to providing transparency and fostering community collaboration, which is why we have made the decision to offer the Data APIs for developers as open source. This will enable the community to leverage the data and build upon it to create innovative applications and solutions.

[METADATA] Category of Proposal

Data tools

[IMPACT] Please describe your proposed solution.

Our proposed solution aims to address the existing problem of a lack of active investment tools on Cardano, which results in missed opportunities for investors. Currently available tools are primarily passive, providing limited functionality in terms of real-time data analytics and proactive decision-making support.

Features:

We believe that a robust active investment tool is crucial to empower Cardano investors and enhance their ability to navigate the dynamic cryptocurrency market. Our approach combines multiple essential features to provide a comprehensive solution.

Real-time Data and Analytics:

Our tool provides investors with a comprehensive suite of real-time data and analytics to stay ahead in the dynamic cryptocurrency market. Users can access live market data, including prices, trading volumes, and historical trends, empowering them to make informed investment decisions based on up-to-the-minute information.

Portfolio Management

Our portfolio management offers a user-friendly interface for users to effortlessly monitor and manage their investments. Users can track their asset allocations, view performance metrics, and assess the growth of their portfolios over time. Users can even manage multiple wallet portfolios in one account. The portfolio manager provides interactive charts and visualizations, enabling users to gain insights into their investment strategies.

Robust Notification System

The notification system is highly customizable, allowing users to set personalized alerts based on specific conditions. Users can define rules for price changes, asset movements, volume thresholds, and more. When these conditions are met, users receive instant notifications through their preferred communication channels, ensuring they stay informed about market developments and can take timely action.

DEX Aggregator

Another key aspect of our solution is the DEX aggregator, it streamlines the trading experience by aggregating data from various decentralized exchanges on Cardano. Users can compare prices, liquidity, and trading volumes across different DEXes, following the real-time living orders, latest listing tokens on DEXes, helping them identify the most favorable trading routes and maximize their trading profits. The DEX aggregator also provides information on lending pool, liquidity pools and staking pools, allowing users to optimize their yield farming and staking strategies.

Data API access for Developer

In addition to the user-facing features, our platform provides API access for developers to retrieve market data and DEX information. This feature allows third-party developers to integrate our platform's data into their applications, providing them with a reliable source of real-time market data, liquidity information, and other relevant metrics from the Cardano ecosystem. By offering API access, we aim to foster innovation and collaboration within the developer community, further expanding the reach and impact of our platform across the Cardano ecosystem.

Our solution caters to a wide range of Cardano investors, from novices to experienced traders, empowering them with the tools necessary to succeed in the cryptocurrency market. By providing comprehensive features, real-time data, and predictive analytics, we aim to democratize access to advanced investment tools and foster a vibrant and thriving Cardano ecosystem.

To demonstrate our impact, we will conduct thorough testing, user feedback sessions, and continuous refinement of our tool. We will also track key metrics such as user engagement, portfolio performance, and user satisfaction to measure the effectiveness and value our solution brings to Cardano investors.

In summary, our proposed solution brings a unique and comprehensive set of features to Cardano, benefiting investors of all levels. By providing real-time data, proactive analytics, portfolio tracking, earn, notifications, DEX aggregation, we strive to empower investors, drive adoption, and contribute to the success and growth of Cardano as a leading blockchain ecosystem.

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

Our proposed solution directly addresses the "Products & Integrations" challenge by creating a comprehensive active investment tool that provides significant value to the Cardano community and the wider ecosystem.

By offering real-time data and analytics, our tool empowers users with up-to-date market information and the ability to track trends and identify investment opportunities. This addresses the challenge of providing valuable products to the community and improves the end user experience by giving investors more options and making it easier for them to engage with the Cardano blockchain.

The benefits of our solution to the Cardano ecosystem are multifaceted. 

• Firstly, it enhances the overall user experience by offering a comprehensive suite of investment tools in a single platform, creating a more attractive and user-friendly alternative to current centralized providers. This drives adoption and encourages more people to interact with the Cardano blockchain.
• Additionally, our solution fosters a thriving ecosystem by providing investors with the means to make informed investment decisions. This contributes to the liquidity and vibrancy of the Cardano marketplace, attracting more participants and increasing transaction volume.
• By providing Data APIs available for developers, our project aims to enhance the Cardano ecosystem by improving accessibility to blockchain data, fostering innovation and diversification of applications, empowering developers to create valuable solutions, and promoting collaboration and knowledge sharing within the community. This initiative will contribute to the growth, functionality, and long-term success of Cardano.

In terms of impact, we anticipate that our project will attract a significant number of users to the Cardano community. The availability of a comprehensive active investment tool will be appealing to both individual and institutional investors, driving user engagement and increasing transaction volume within a reasonable timeframe.

In summary, our proposed solution directly addresses the "Products & Integrations" challenge by providing a comprehensive active investment tool. The benefits it brings to the Cardano ecosystem include improved user experience, increased adoption, enhanced liquidity, and the ability to solve key problems and issues. We believe that our project will have a significant and positive impact on the Cardano ecosystem, driving further innovation and growth.

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

We intend to measure the success of our project through a combination of quantitative and qualitative metrics that capture the benefits it brings to the Cardano ecosystem.

Quantitative Metrics:

1. User Adoption: We will track the number of users who actively engage with our active investment tool on Cardano. This metric reflects the attractiveness and usability of our solution.
2. Transaction Volume: We will monitor the increase in transaction volume facilitated by our tool. Higher transaction volume indicates greater user engagement and utilization of the Cardano blockchain.

Qualitative Metrics:

1. User Feedback and Satisfaction: We will gather user feedback and opinions through surveys, interviews, and community engagement. This qualitative data will provide insights into the usability, effectiveness, and overall satisfaction of users with our tool.
2. Community Engagement: We will assess the level of engagement and discussions within the Cardano community surrounding our active investment tool. This metric reflects the interest and impact of our solution on the ecosystem.

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

We have a well-defined plan to share the outputs and results of our project effectively within the Cardano community and beyond.

1. Documentation and Reporting: We will create detailed documentation and reports outlining the features, functionalities, and benefits of our active investment too
2. Website and Online Presence: We will establish a dedicated project website to showcase our tool, provide updates, and share relevant resource
3. Collaborations and Partnerships: We will actively seek collaborations and partnerships with other projects, products, and services in the Cardano ecosyste
4. Community Engagement and Events: We will participate in Cardano community events, conferences, and meetups to present our project and engage with the communit
5. Developer Support: We will provide comprehensive developer documentation, APIs to encourage third-party developers to build on top of our too

In terms of further research and development, we will use the results generated from our project to drive continuous improvement. Feedback from users, market data, and user behavior patterns will inform enhancements and new feature development. We will also explore partnerships and integrations based on user needs and industry trends, ensuring our tool remains relevant and aligned with the evolving Cardano ecosystem.

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

Our team's strong track record and extensive experience in software development, particularly in the field of open-source blockchain projects, demonstrate our capability to deliver this project with high levels of trust and accountability.

 

Here are the key factors that make us well-suited to deliver this project:

 

1. Expertise and Experience: Our team has several years of experience in software development, specifically in blockchain technologies. We have worked on various open-source blockchain projects, including Cardano, EVM (Ethereum Virtual Machine), Solana, and Sui. This experience has given us a deep understanding of blockchain ecosystems and the technical skills required to develop robust and reliable solutions.
2. Expertise Data Analytics: Our team possesses a strong background in AI and data analytics, allowing us to leverage advanced algorithms and machine learning techniques. This expertise enables us to provide accurate market predictions, valuable insights, and reliable investment tools. We combine our technical proficiency in data analytics with a deep understanding of blockchain technologies, including Cardano, to develop reliable, secure, and high-quality software solutions.
3. Knowledge of Cardano: Our team has specific expertise in Cardano, making us well-versed in its unique features, protocols, and development practices. This knowledge enables us to navigate the Cardano ecosystem effectively and implement solutions that align with its principles.
4. Previous Project Success: We have successfully completed previous projects in the DeFi (Decentralized Finance), NFT (Non-Fungible Token), and data indexing domains. These projects involved managing funds, implementing secure smart contracts, and delivering reliable software solutions. Our proven track record demonstrates our ability to handle funds responsibly and deliver projects with a high level of accountability.
5. Security Measures and Best Practices: We prioritize security in our development process. We adhere to industry best practices, conduct rigorous code reviews, and implement thorough testing to ensure the security and integrity of our software. We also follow proper fund management protocols, including implementing multi-signature wallets and secure storage mechanisms, to ensure the proper handling and protection of funds.

 

By leveraging our expertise, experience, and strong project management practices, we are confident in our ability to deliver this project with the highest levels of trust, accountability, and success.

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

The main goals for our project are as follows:

• Develop and deploy an active investment tool on the Cardano blockchain that provides real-time data analytics, portfolio tracking, notifications, DEX aggregation, and AI-powered market prediction
• Enhance the user experience and accessibility of the Cardano ecosystem for investors by offering a comprehensive and user-friendly tool that empowers them to make informed investment decision
• Increase user adoption and engagement by providing valuable features and functionalities that attract investors and encourage them to actively use our too
• Validate the feasibility of our approach by conducting thorough technical development and testing to ensure seamless integration with Cardano wallets and other relevant platform

To validate the achievement of our goals, we will employ the following methods:

1.User Adoption and Engagement:

• Measure the number of active users utilizing our tool on a regular basis.
• Analyze user feedback and engagement metrics to assess the level of satisfaction and interaction with the tool.

2. User Satisfaction and Experience:

• Gather user feedback through surveys, interviews, and community engagement to evaluate their satisfaction with the tool.
• Conduct user testing sessions to assess the ease of use, intuitiveness, and overall user experience of our tool.

3. Technical Feasibility:

• Ensure seamless integration with Cardano-based wallets and platforms through rigorous testing and compatibility checks.
• Monitor the stability and performance of the tool under real-world usage scenarios.

4. Market Impact:

• Assess the market share captured by our tool in terms of active investment tools on Cardano.
• Monitor the volume and frequency of transactions facilitated through our tool to measure its utilization 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.

Milestone 1: Design and build indexing service

• System and product design
• Build indexing service

Timeline: 2 months

Milestone 2: Real-time Stats and Analysis

• Pipeline transaction data transformation to production data
• Develop website for real-time asset stats and analysis

Timeline: 1 month

Milestone 3: Portfolio Management & Whale Tracker

• Implement wallet connection for login
• Develop portfolio management features including asset holding, transaction history, and analyst reports
• Integrate whale tracker to display information from other wallets

Timeline: 1 month

Milestone 4: Decentralized Exchanges Analysis & Aggregator

• Real-time stats and analysis of decentralized exchanges, including transaction data and pool information
• Develop a DEX aggregator for swap router comparison and seamless integration for swapping on the web
• Timeline: 2 months

Milestone 5: Notification System

• Implement a notification system with user-defined rules for assets moved, assets price changed, wallet transactions, etc.
• Timeline: 0.5 month

Milestone 6: NFT Stats and Analysis, Farming Stats

• Real-time stats and analysis of NFTs, including price and comparison between NFT marketplaces
• Real-time stats for farming activities in stake pools, liquidity pools, and lending pools

Timeline: 1.5 months

Milestone 7: Data API Access for Developers

• Develop a public API for developers to access indexed data

Timeline: 1 month

To implement the project, we will follow a systematic approach:

• Conduct thorough system and product design for each milestone.
• Develop and implement the required functionalities based on the design specifications.
• Test and validate the functionality and performance of each milestone.
• Iteratively refine and improve the features based on user feedback and testing results.
• Deploy and release the milestones in a phased manner to ensure smooth integration and functionality.

Our project management approach will involve regular communication and coordination within the team, utilizing agile methodologies to ensure flexibility and adaptability throughout the development process. We will maintain a project timeline, track progress, and assign responsibilities to team members accordingly.

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

Milestone 1: Design and build indexing service

• Deliverables: System design documentation, product design prototype, implemented indexing service.
• Outputs: A well-documented system design, a functional product design prototype, and a fully operational indexing service.
• Intended outcomes: The milestone aims to establish the foundation of the project by designing and building the indexing service, which will enable efficient data retrieval and analysis.
• Progress measurement: Completion of system design documentation, successful implementation of the product design prototype, and a fully functional indexing service.

Milestone 2: Real-time Stats and Analysis

• Deliverables: Transformed transaction data pipeline, developed website for real-time asset stats and analysis.
• Outputs: A streamlined data transformation pipeline, a website showcasing real-time asset statistics and analysis.
• Intended outcomes: Users will have access to up-to-date market data, allowing them to make informed investment decisions. The milestone aims to provide a reliable source of real-time asset stats and analysis.
• Progress measurement: Successful transformation of transaction data, completion of the website showcasing real-time asset stats and analysis.

Milestone 3: Portfolio Management & Whale Tracker

• Deliverables: Wallet connection functionality, portfolio management features (assets holding, transaction history, reports), whale tracker feature displaying information on other wallets.
• Outputs: A user-friendly interface enabling wallet connection, portfolio management features, and a whale tracker feature.
• Intended outcomes: Users can securely connect their wallets, manage their assets, track transaction history, generate reports, and stay informed about whale wallet movements.
• Progress measurement: Successful implementation of wallet connection functionality, completion of portfolio management features, and integration of the whale tracker feature.

Milestone 4: Decentralized Exchanges Analysis & Aggregator

• Deliverables: Real-time DEX stats and analysis, DEX aggregator with swap router comparison and web integration.
• Outputs: Comprehensive data on decentralized exchanges, a DEX aggregator providing comparison and integration for swapping on the web.
• Intended outcomes: Users can access real-time statistics and analysis of decentralized exchanges, make informed trading decisions, and utilize the DEX aggregator for efficient swapping.
• Progress measurement: Availability of real-time DEX stats and analysis, successful implementation of the DEX aggregator with web integration.

Milestone 5: Notification System

• Deliverables: User-defined rule-based notification system for assets movement, price changes, wallet transactions, etc.
• Outputs: A functional notification system that sends alerts based on predefined user rules.
• Intended outcomes: Users can stay updated on asset movements, price changes, and wallet transactions, allowing them to respond quickly and effectively to market events.
• Progress measurement: Completion of the user-defined rule-based notification system and successful alert delivery based on predefined rules.

Milestone 6: NFT Stats and Analysis, Farming Stats

• Deliverables: Real-time NFT stats and analysis, farming stats for stake pools, liquidity pools, and lending pools.
• Outputs: Comprehensive data on NFTs, real-time analysis of NFT marketplaces, farming stats for various pools.
• Intended outcomes: Users gain insights into the NFT market, including real-time stats and analysis, as well as farming opportunities in stake pools, liquidity pools, and lending pools.
• Progress measurement: Availability of real-time NFT stats and analysis, successful implementation of farming stats for various pools.

Milestone 7: Data API Access for Developers

• Deliverables: Public API for developers to access indexed data.
• Outputs: A publicly available API that provides developers with access to indexed data.
• Intended outcomes: Foster collaboration and innovation within the developer community, enabling third-party applications to leverage indexed data and build on top of the platform.
• Progress measurement: Successful deployment and accessibility of the public API for developers.

To track project progress, milestones will be considered completed when the specified deliverables are achieved and functional. Progress can be measured by monitoring the completion of each milestone's deliverables, ensuring they meet the defined objectives. Additionally, user feedback and satisfaction surveys can be used to gauge the usability and effectiveness of the implemented features.

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

Milestone 1: Design and build indexing service

• Backend Developer 2 x 2 months = 46,000 ADA
• Frontend Developer 1 x 2 months (Internal & External) = 23,000 ADA
• Solution Architect 1 x 2 months (Internal & External) = 30,000 ADA
• Tester 0.5 x 2 months (Internal & External) = 11,500 ADA
• Business Analyst 1 x 2 months (Internal & External) = 23,000 ADA
• Project Manager 0.5 x 2 months (Internal & External) = 13,000 ADA

Total: 146,500 ADA

Milestone 2: Real-time Stats and Analysis

• Backend Developer 2 x 1 months = 23,000 ADA
• Frontend Developer 1 x 1 months (Internal & External) = 11,500 ADA
• Tester 1 x 1 months (Internal & External) = 11,500 ADA
• Business Analyst 1 x 1 months (Internal & External) = 11,500 ADA
• Project Manager 0.5 x 1 months (Internal & External) = 6,500 ADA

Total: 64,000 ADA

Milestone 3: Portfolio Management & Whale Tracker

• Backend Developer 2 x 1 months = 23,000 ADA
• Frontend Developer 2 x 1 months (Internal & External) = 23,000 ADA
• Tester 1 x 1 months (Internal & External) = 11,500 ADA
• Business Analyst 1 x 1 months (Internal & External) = 11,500 ADA
• Project Manager 0.5 x 1 months (Internal & External) = 6,500 ADA

Total: 75,500 ADA

Milestone 4: Decentralized Exchanges Analysis & Aggregator

• Backend Developer 2 x 2 months = 46,000 ADA
• Frontend Developer 2 x 2 months (Internal & External) = 46,000 ADA
• Tester 1 x 2 months (Internal & External) = 23,000 ADA
• Business Analyst 0.5 x 2 months (Internal & External) = 11,500 ADA
• Project Manager 0.5 x 2 months (Internal & External) = 13,000 ADA

Total: 139,500 ADA

Milestone 5: Notification System

• Backend Developer 2 x 0.5 months = 11,500 ADA
• Frontend Developer 2 x 0.5 months (Internal & External) = 11,500 ADA
• Tester 1 x 0.5 months (Internal & External) = 5,750 ADA
• Business Analyst 0.5 x 0.5 months (Internal & External) = 2,875 ADA
• Project Manager 0.5 x 0.5 months (Internal & External) = 3,250 ADA

Total: 34,875 ADA

Milestone 6: NFT Stats and Analysis, Farming Stats

• Backend Developer 2 x 1.5 months = 34,500 ADA
• Frontend Developer 2 x 1.5 months (Internal & External) = 34,500 ADA
• Tester 1 x 1.5 months (Internal & External) = 17,250 ADA
• Business Analyst 0.5 x 1.5 months (Internal & External) = 8,625 ADA
• Project Manager 0.5 x 1.5 months (Internal & External) = 9,750 ADA

Total: 104,625 ADA

Milestone 7: Data API Access for Developers

• Backend Developer 2 x 1 months = 23,000 ADA
• Frontend Developer 1 x 1 months (Internal & External) = 11,500 ADA
• Project Manager 0.5 x 1 months (Internal & External) = 6,500 ADA

Total: 41,000 ADA

Total Milestones Expenses = 606,000 ADA

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

The cost of the project represents value for money for the Cardano ecosystem through several factors. Firstly, the costs have been carefully determined based on industry standards and market rates to ensure they are reasonable and proportional to the scope and complexity of the project. Extensive research and analysis have been conducted to identify the appropriate resources, expertise, and development efforts required. 

Additionally, the project's value for money is demonstrated by the significant benefits it brings to the Cardano ecosystem. The proposed features and functionalities address key pain points and enhance the investment experience for users. By providing real-time data analytics, portfolio tracking, notification systems, DEX aggregation, and AI-powered market predictions, the project empowers investors with valuable tools and insights for making informed decisions. This can lead to improved investment outcomes and increased participation in the Cardano ecosystem. 

Moreover, the project's costs are justified by the long-term impact it can have on Cardano's productivity and growth. By attracting more users, increasing transactions, and fostering a thriving ecosystem, the project contributes to the overall development and adoption of Cardano. The value generated from these outcomes outweighs the initial investment required. 

In conclusion, the project's costs are proportionate to the value it brings to the Cardano ecosystem. The careful consideration of costs, coupled with the significant benefits and long-term impact, ensures that the project represents value for money and aligns with the goals of the Cardano community.

[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