Development of an Application for Reliable Exchange Process Registration

[GENERAL] Name and surname of main applicant

Manoel Belem

[GENERAL] Email address of main applicant

mlbelem@gmail.com

Additional applicants

Flavia Gorayeb

Fernando Gorayeb

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

10

[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

NFTs

[METADATA] SDG rating

1, 7, 8, 11, 12 and 17

[IMPACT] Please describe your proposed solution.

PROBLEM SOLVE: The problem we aim to solve is the lack of a low-cost and reliable solution for registering exchange processes. Our goal is to provide an accessible platform that ensures transparency and security in transactions, addressing the core issue of trust in exchange processes.

SOLUTION: TAAS - Token as a Service - Our solution is to develop an innovative application that simplifies and streamlines the registration of exchange processes. By utilizing interactive contracts and redeemable loyalty tokens, we will enable users to confidently register their exchanges in a cost-effective manner. The application will facilitate the entire process, connecting the "why" (the need for reliable registration) with the "how" (our user-friendly platform).

Our proposed solution aims to address the challenge by providing a user-friendly and secure platform for registering exchange processes. The benefits of this solution to the Cardano ecosystem include increased transparency, trust, and efficiency in transactions. The unique aspect of our solution lies in its accessibility and low-cost nature, making it valuable to a wide range of users. By implementing this solution, we anticipate attracting new users to the Cardano community and fostering a stronger 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 challenge by offering a reliable and cost-effective platform for registering exchange processes. By promoting transparency and security, our solution will contribute to the growth of the Cardano ecosystem. It will attract users who seek trustworthy exchange registration services and provide a seamless experience for them. Additionally, the availability of our solution will enhance the overall value proposition of Cardano, positioning it as a leading blockchain platform for secure and transparent transactions.

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

We will measure the success of our project by evaluating the adoption rate of our application and the number of registered exchange processes. Additionally, we will gather user feedback to assess their satisfaction with the platform's reliability, ease of use, and security. These metrics will provide valuable insights into the impact of our project on the Cardano ecosystem, demonstrating the value it brings in terms of increased user engagement and trust.

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

We plan to share the outputs and results of our project through various channels. These include publishing reports, whitepapers, and case studies detailing the effectiveness of our platform in registering exchange processes. We will also actively engage with the Cardano community through forums, social media, and events to showcase our project's impact and opportunities arising from it. Furthermore, we will utilize the learnings from our project to contribute to further research and development activities in the field of blockchain technology.

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

Our team possesses the necessary expertise and experience to deliver the project with high levels of trust and accountability. We have a track record of successful software development projects and a deep understanding of blockchain technology. Furthermore, we prioritize transparency and adhere to best practices in project management, ensuring proper financial management and accountability throughout the project's lifecycle.

[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 include the successful development and launch of the application, achieving a high adoption rate, and ensuring user satisfaction with the platform's reliability and security. We will validate the feasibility of our approach by conducting thorough testing and quality assurance processes during the development phase. User feedback, adoption metrics, and the successful registration of exchange processes will serve as indicators of the feasibility and effectiveness of our approach.

[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: Application Development

• Task 1: Design user interface and user experience (1 month)
• Task 2: Develop interactive contract functionality (2 months)
• Task 3: Implement token redemption system (1 month)
• Task 4: Integrate payment service and generate reports (2 months) Expected delivery: 6 months

Milestone 2: Testing and Refinement

• Task 1: Conduct comprehensive testing of the application (1 month)
• Task 2: Gather user feedback and make necessary refinements (1 month) Expected delivery: 2 months

Milestone 3: Launch and User Acquisition

• Task 1: Launch the application to the public (1 month)
• Task 2: Implement marketing and user acquisition strategies (1 month) Expected delivery: 2 months

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

Milestone 1: Application Development Deliverables:

• User interface design and wireframes
• Functioning interactive contract system
• Token redemption functionality
• Integrated payment service and report generation

Intended outcomes:

• A user-friendly application with a seamless exchange registration process
• Increased trust and reliability in exchange processes
• Improved efficiency in generating reports and managing transactions

Milestone 2: Testing and Refinement Deliverables:

• Comprehensive testing report
• Refinement of the application based on user feedback

Intended outcomes:

• A thoroughly tested and refined application
• Enhanced user experience and reliability

Milestone 3: Launch and User Acquisition Deliverables:

• Public launch of the application
• Implementation of marketing and user acquisition strategies

Intended outcomes:

• Increased user adoption and engagement
• Growth of the Cardano community through the application

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

Milestone 1: Application Development

• Design and Development: $13,500
• Token Redemption System: $5,000
• Payment Service Integration: $5,000

Milestone 2: Testing and Refinement

• Testing and Quality Assurance: $8,000
• User Feedback and Refinement: $6,500

Milestone 3: Launch and User Acquisition

• Public Launch: $9,000
• Marketing and User Acquisition: $25,500

Total Budget: $72,500 = ₳ 258,928

[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 as it provides an affordable and accessible solution for reliable exchange process registration. The investment in developing the application will yield benefits in terms of increased transparency, trust, and efficiency in transactions, fostering the growth and adoption of Cardano. The project's budget has been optimized to deliver the desired outcomes while ensuring cost-effectiveness and prudent financial management.

[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