WMT-Explorer.com - Stake Pool Operators Partnerships with EarthNode Operators

[GENERAL] Name and surname of main applicant

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

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

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language.

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

Delegators will receive expanded rewards when delegating to a partner EarthNode/Stake Pool. This approach is intended to bring both Cardano communities closer together and benefit all parties.

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

[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.”

• World Mobile Mainnet/ITN launch (Q4 2023 planned)

[GENERAL] Will your project’s output/s be fully open source?

[GENERAL] Please provide here more information on the open source status of your project outputs

none

[SOLUTION] Please describe your proposed solution.

Our solution offers a unique bridge between the World Mobile Token (WMT) and Cardano (ADA) ecosystems by integrating EarthNodes with Stake Pools through WMT-Explorer.com. What sets this solution apart is its capacity to merge two distinct communities, offering expanded staking opportunities and rewards to delegators.

1. Expand WMT-Explorer Site: This step involves expanding the functionality of the WMT-Explorer site to enable the pairing of EarthNodes with Stake Pools. This expansion could encompass new sections, features, or tools that facilitate the integration and interaction between these entities.
2. Step one of POC: Create a Claiming Mechanism: The Proof of Concept (POC) involves developing a claiming mechanism that allows users to claim additional benefits. These benefits might include rewards in the form of ADA, WMT, NFTs, or other incentives resulting from their participation in the integrated staking model.

A future step, not included in this proposal: Create a smart contract for this additional staking.

[IMPACT] Please define the positive impact your project will have on the wider Cardano community.

The positive impact of our project on the broader Cardano community is multi-faceted and aims to create tangible value through several key aspects.

1. Increased Community Engagement: By integrating EarthNodes with Stake Pools through WMT-Explorer.com, our project encourages participation from diverse segments of the Cardano community. This engagement fosters a sense of inclusivity, encouraging more stakeholders to actively participate in staking activities.
2. Elevated Staking Rewards and Incentives: The project's success translates into expanded rewards for delegators who engage with the partnered EarthNode/Stake Pool collaborations. This added value directly benefits token holders within the Cardano community, incentivizing higher participation and staking engagement.
3. Innovation and Collaboration: The collaboration between EarthNode and Stake Pool operators catalyzes innovation within the Cardano ecosystem.

Measuring Impact:

Quantitative Metrics: We aim to measure impact quantitatively by tracking the increased number of delegators participating in the EarthNode/Stake Pool collaborations. This includes metrics such as the growth in staked ADA and WMT tokens, the rise in the number of transactions facilitated through this integration, and the overall increase in rewards distributed.

Qualitative Assessment: Additionally, qualitative assessments through community feedback, sentiment analysis, and engagement levels will provide insights into the perceived value, user experience, and satisfaction within the Cardano community.

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

Technical Proficiency: I have been a software developer for over 12 years, have a small team behind me (not planned for this proposal). I have also been managing my own stake pool (WISE) for over 2 years and have also developed the website wmt-explorer.com. This expertise ensures a robust technical foundation for integrating EarthNodes with Stake Pools through WMT-Explorer.com.

Partnership and Collaboration: We have established relationships with EarthNode operators, Stake Pool operators, and key stakeholders within the Cardano and WMT communities. This network facilitates collaboration and ensures seamless integration among diverse entities.

I plan to execute a Proof of Concept (POC) as an initial step to validate the technical feasibility of integrating EarthNodes with Stake Pools through WMT-Explorer.com. This POC will demonstrate the functionality of the proposed solution and serve as a tangible validation of its feasibility.

Rigorous testing procedures and iterative development methodologies will be employed throughout the project lifecycle. This approach ensures that the solution meets technical requirements, user expectations, and security standards.

We commit to transparently managing project funds with clear, predefined conditions for fund release.

We will provide regular progress reports, these reports will be publicly available, ensuring transparency and accountability to stakeholders.

[Project Milestones] What are the key milestones you need to achieve in order to complete your project successfully?

Expansion of WMT-Explorer Site

Objective: Enhance the WMT-Explorer site's functionality to enable seamless pairing of EarthNodes with Stake Pools.

Tasks:

1. Conduct an in-depth analysis of the current WMT-Explorer site to identify areas for expansion and integration.
2. Develop a detailed plan outlining the necessary features, sections, and tools required for successful integration.
3. Expand the site's infrastructure and backend capabilities to accommodate the pairing of EarthNodes with Stake Pools.
4. Implement user-friendly interfaces and intuitive navigation to facilitate user interaction between EarthNode operators and Stake Pool operators.

Development of Claiming Mechanism

Objective: Create a functional claiming mechanism enabling users to claim additional benefits from participating in the integrated staking model.

Tasks:

1. Define the specifics of the claiming mechanism, including the types of additional benefits available to users (ADA, WMT, NFTs, etc.).
2. Design and develop the backend infrastructure necessary for users to claim rewards and incentives.
3. Implement front-end components to enable a user-friendly interface for claiming benefits within WMT-Explorer.com.
4. Conduct rigorous testing to ensure the claiming mechanism functions as intended and securely dispenses rewards.

Integration Testing and Validation

Objective: Validate and test the integrated functionalities of the expanded WMT-Explorer site and the implemented claiming mechanism.

Tasks:

1. Integrate the developed claiming mechanism with the expanded site functionalities to enable the pairing of EarthNodes with Stake Pools.
2. Conduct comprehensive testing of the entire integrated system, ensuring seamless interactions between EarthNode operators, Stake Pool operators, and users.
3. Validate the functionality of claiming additional benefits by participating in the integrated staking model.
4. Gather feedback from a group of beta testers and stakeholders to assess usability, identify potential issues, and make necessary improvements.

[RESOURCES] Who is in the project team and what are their roles?

Arthur Leinweber (Developer) - https://www.linkedin.com/in/arthur-leinweber-a96692b8/

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources.

Milestone 1: Expansion of WMT-Explorer Site

1. Analysis and Planning: 2,000 ADA
2. Development and Expansion: 10,000 ADA
3. Infrastructure and Backend Setup: 3,000 ADA

Milestone 2: Development of Claiming Mechanism

1. Claiming Mechanism Design: 2,000 ADA
2. Frontend Implementation: 7,000 ADA
3. Testing and Quality Assurance: ADA 2,000

Milestone 3: Integration Testing and Validation

1. Integration and Testing: 3,000 ADA
2. Beta Testing and Feedback Gathering: 3,000 ADA

Additional Budget Elements

1. Community Engagement and Marketing: 1,500 ADA
2. Project Management and Reporting: 1,500 ADA

Total Proposed Budget: 35,000 ADA

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

The project's costs are aligned with ensuring quality, reliability, and security standards. Investments in testing, infrastructure, and meticulous development are crucial to guaranteeing a robust and trustworthy integration, thereby safeguarding users' assets within the ecosystem.

The costs are justified by the value generated for stakeholders within the Cardano ecosystem. The integration promises expanded staking opportunities, increased rewards, and enhanced user engagement, thereby adding value to token holders, operators, and the broader community.

[IMPORTANT NOTE] The Applicant agrees to Fund 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.