Last updated a year ago
Cardano and Milkomeda lacked a fully autonomous, zero-governance, decentralized, censorship-resistant, transparent and reliable stablecoin protocol. We have successfully addressed this need.
A web based hub that facilitates the exchange of undesirable digitally issued asset from Cardano & other blockchains for value in the Cardano Ecosystem.
This is the total amount allocated to Adoption + Retention & Loss Prevention ( Ruggable.Me ).
The entire NFT/FT Cardano Community
No dependencies
The hub will not be open source until a clear market advantage is established or specific smart contract transparency is warranted.
Developing a hub for already familiar to blockchain users from Cardano and other blockchains with the following value propositions:
The hub will contribute to addressing the decline in participants in the Cardano Ecosystem since the "Bull run" with active onboarding.
The benefit to the Cardano Ecosystem is new members participating in all things Cardano.
The success of the platform will be visible through the following metrics:
The impact/outputs of the hub will be reflected on the landing page of the site in the form of metrics based on the performance of the Exchange and other value vehicles starting the day the site goes live.
The information gathered at launch and first quarter of operations will be used to improve the current mechanics and develop future ones. ( Note: A feedback function will be active for participants to contribute with suggestions and recommendations )
I am the founder and operator of a Production/Manufacturing company for the past 8 years in the highly regulated Cannabis industry.
Personal Actions to instill trust in Ruggable.Me future supporters and customers:
The main goals of the project are:
Milestones:
( Month 1 ) Launch web based hub
( month 2 ) Implement/issue digital assets + "Loyalty" incentivizing mechanism
( Month 3 ) Implement Ruggable Exchange V.1
( Month 4 ) Implement value vehicle 1
( Month 5 ) Implement value vehicle 2
( Month 6 ) Implement value vehicle 3
( Month 7 ) Implement value vehicle 4
( Month 8 ) Expand and optimize the Ruggable Exchange to interact with all other high volume blockchains such as "ETH, SOL, BTC ordinals, Polygon, etc.
Launch platform (Month 1): Website goes publicly live for participants to become familiar with the platform intent and to join the educational forum while the digital asset issuance is marketed and implemented.
Implement/issue digital assets + "Loyalty" incentivizing mechanism (Month2): Digital assets will be issued to community members who support the project in its early stage.
Implement Ruggable Exchange (Month 3): Open the Ruggable Exchange for the Cardano Community to use and start unlocking value from their otherwise undesirable assets.
Implement value vehicles (Month 4-7): Launch the gamified/interaction based mechanisms in the platform.
Expand and optimize the Ruggable Exchange( Month 8 ): to interact with all other high volume blockchains such as "ETH, SOL, BTC ordinals, Polygon, etc.
Detailed budget breakdown:
The catalyst proposal requested funds are under a fully refundable no risk loan agreement NOT a grant agreement to be spent on development.
The delegation reward will breakdown as follows (Every 6 epochs):
Operations 80%
Team 20%
Value to the Cardano Ecosystem:
Currently the team consists of:
Joseph Escobar ( Founder )
Jason Chansen ( Contract Developer )
With funding and platform implementation the team is to be expanded based on delegation rewards from treasury and revenue from operations.