One-Click to Own Your Marketplace Solution

[GENERAL] Name and surname of main applicant

Jimmy Lee

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

Entity (Incorporated)

[GENERAL] Requested funds in ada

165151

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

11

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

No

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

Merging simplicity and power, MIHUB offers a one-click solution for businesses to effortlessly establish their on-chain marketplaces. Unleash innovation without the hassle, saving time and resources.

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

Some part of the project will be open source but some part will not.

Some of them will open after a specific timeline.

That is for business development.

[SOLUTION] Please describe your proposed solution.

Business Challenge: The Tale of Market Builders

Once upon a time in the fast-paced realm of blockchain, aspiring entrepreneurs dreamed of bringing their unique business ideas to life. However, they faced a daunting challenge—building their own marketplaces. These market builders, passionate about their visions, encountered a series of hurdles.

🌐 The Quest for Marketplaces: A Costly Expedition

• Formation Struggles: At the outset, assembling a dedicated team proved to be a quest in itself. Finding the right individuals with the right skills and commitment was akin to navigating a labyrinth.
• Feature Ideation vs. User Needs: Armed with innovative ideas, market builders often found themselves at a crossroads. The features they deemed ideal might not align with what their users truly desired. Remaking them meant time lost in the competitive race.
• Time and Money: The Marketplace Odyssey: Developing a fully functional marketplace took not just months but years, draining valuable time and resources. As the builders invested their energy in coding, the world around them moved swiftly.

The MIHUB Revelation: A One-Click Magic Wand

🚀 A Solution in a Click: MIHUB's Enchantment

• Inspired by WordPress Wisdom: In the vast landscape of blockchain, MIHUB emerged as a beacon of hope. Much like how businesses embraced WordPress for quick website solutions, MIHUB offered a magical one-click solution for marketplace creation.
• Efficiency Unleashed: No longer bound by the intricacies of building from scratch, businesses could redirect their focus to what truly mattered—their unique value propositions. MIHUB streamlined the journey from concept to market.
• Cost-Efficient Magic: The inefficiencies that once drained both time and money were replaced by the cost-effective magic of MIHUB. No more lengthy development cycles; no more financial strain. MIHUB transformed the landscape, making marketplace creation accessible to all.

In a world where businesses once toiled in the shadows of development challenges, MIHUB emerged as the enchanter, simplifying the complex, and ushering in a new era of rapid innovation in the blockchain realm.

MIHUB Features

A Blueprint for Simplicity and Power

1- One-Click Marketplace Creation:

• What: Start your business journey with a single click.
• Why: Say goodbye to the complexities of marketplace development. MIHUB makes it easy for anyone to launch their marketplace swiftly.

2- Pre-Built Templates:

• What: Choose from a variety of ready-to-use templates.
• Why: No design headaches. Pick a template that fits your vision, saving time and ensuring a professional look.

3- User-Friendly Interface:

• What: Intuitive platform for effortless navigation.
• Why: No coding expertise needed. MIHUB’s user-friendly design ensures that building and managing your marketplace is a breeze.

4- Scalable Smart Contracts:

• What: Smart contracts tailored for scalability.
• Why: MIHUB leverages Cardano's cutting-edge technology, ensuring your marketplace can scale seamlessly as your business grows.

5- Community Integration:

• What: Connect and engage with a vibrant business community.
• Why: MIHUB fosters collaboration, allowing you to learn, share insights, and grow alongside other entrepreneurs.

6- API Integration:

• What: Seamless integration with other dApps.
• Why: MIHUB acts as a centralized hub, exporting APIs to enhance interoperability with various applications, ensuring a cohesive user experience.

7- Optimized Performance:

• What: High-speed processing for smooth user interactions.
• Why: MIHUB is committed to optimal performance, ensuring both the platform and integrated dApps run efficiently.

8- User-Centric Development:

• What: Continuous development based on user needs.
• Why: MIHUB evolves with its users, focusing on features, applications, content, and design that align with user preferences.

9- Open Source Approach:

• What: Open source at the heart.
• Why: MIHUB embraces transparency and community involvement, ensuring shared development and continuous improvement.

Funding Innovation

For developing the platform and incentivize the user to join and develop MIHUB together. We also build exclusive funding features in MIHUB.

Fund Raising Deployment:

• With Franken Address - Flash Fund
• Enables rapid fundraising within MIHUB, allowing individuals to swiftly secure short-term funds.
• Streamlines the fundraising process with a simple protocol for quick and hassle-free transactions.
• Treasury Funding - akin Catalyst project
• MIHUB facilitate substantial fundraising directly from MIHUB ecosystem's treasury.
• Adaptable to different fund sources' requirements, offering flexibility in fundraising strategies.
• Crowdfunding
• MIHUB's crowdfunding features seamlessly operate, allowing entrepreneurs to raise substantial funds.
• Encourages quick fundraising with a straightforward approval process, enabling the pre-sale of products before completion.

API Integration:

• Enabling applications within the Cardano ecosystem to utilize its funding functionalities.
• Prioritizes MIHUB features supporting the MIHUB ecosystem, and strategic partner in the future.

Open Source Approach:

• MIHUB embraces transparency and community involvement, ensuring shared development and continuous improvement.

So, MIHUB is not just a marketplace creator; it's an ecosystem that simplifies, empowers, and aligns with the needs of blockchain entrepreneurs.

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

MIHUB, by virtue of its innovative features and user-centric approach, aims to bring about several positive impacts on the broader Cardano community:

Diverse Market Attraction:

• What: Offering diverse layouts tailored to user preferences.
• Why: Facilitates businesses in attracting a wide array of target audiences on-chain, contributing to increased adoption of Cardano.
• Measurement: Track the increase in the number of businesses adopting MIHUB and the diversity of target markets reached.

Resource Optimization for Accelerated Growth:

• What: Saving businesses valuable resources, enabling faster development.
• Why: Accelerates the onboarding of businesses into the Cardano ecosystem, as they can redirect funds toward marketing and feature development.
• Measurement: Monitor the speed of marketplace development and the allocation of saved resources to marketing and additional feature development.

Efficient Fund Allocation for Innovation:

• What: Reducing the number of marketplace proposals, saving funds for other innovative projects.
• Why: Ensures a more efficient allocation of Catalyst funds, fostering a diverse range of groundbreaking ideas within the Cardano community.
• Measurement: Quantify the reduction in the number of marketplace proposals and showcase the reallocation of funds to other innovative projects.

Cross-Market Optimization and High Retention:

• What: Providing diverse layouts to optimize user engagement.
• Why: Enhances user activity, leading to increased transactions and improved retention rates for businesses leveraging the Cardano ecosystem.
• Measurement: Track user engagement metrics, transaction volumes, and retention rates among businesses using MIHUB.

Open-Source Collaboration:

• What: Open-sourcing MIHUB for community development.
• Why: Accelerates Cardano ecosystem development, fostering collaboration, and enhancing the adaptability of MIHUB to user needs.
• Measurement: Monitor community contributions, GitHub activity, and the speed of feature development through open-source collaboration.

Simplified Launch Process for New Projects:

• What: Enabling easy and quick marketplace setup, akin to WordPress for websites.
• Why: Lowers entry barriers, encouraging a surge in new projects on Cardano by providing a hassle-free platform for turning ideas into on-chain businesses.
• Measurement: Quantify the increase in the number of new projects launched on Cardano through MIHUB and track the ease of onboarding for new businesses.

Rapid and Cost-Efficient Ecosystem-Wide Updates:

• What: Implementing updates or upgrades across the entire MIHUB ecosystem effortlessly.
• Why: Instead of individual businesses spending time and resources on updates, MIHUB's centralized approach ensures that a single update benefits the entire network of integrated marketplaces, saving substantial costs and time.
• Measurement: Assess the speed and cost-effectiveness of implementing ecosystem-wide updates, emphasizing the immediate and uniform improvement experienced by all businesses within the MIHUB network.

MIHUB's positive impact extends beyond individual businesses, fostering a dynamic and thriving Cardano ecosystem. Outputs and progress will be regularly shared through community channels, reports, and updates to ensure transparency and accountability.

[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?

We are a combination of experienced team leaders at Catalyst as well as in practice. Including Miverse, Vknight, Vcoincheck, Cardano2vn team.

Contributed to Catalyst from fund 6 and completed more than 15 funded proposals. We have enough experience to deploy and manage the entire project.

The Preparation

UX/UI link

Teams

Core-team

The leaders of 4 teams as mentioned above.

Vcoincheck.io profile docs

Alfred or Miverse profile docs

Marketplace dev team

Vknight.io is a big and professional team. Currently, we have many projects so the members listed below are the primary members to implement the V2target project. We also call other members of our team to implement this project if needed.

Vknight profile: shared docs

Funding part dev team

Cardano2vn has been funded for 8 proposals (Fund6: 1, Fund7: 3, Fund8: 4) . All 8 projects have been successfully implemented, delivering impacts beyond expectations and marked as completed on IOG's tracking board . Here are some team activities we delivered for our community:

• Organizing 8 webinars on web3 and building web3 on the Cardano blockchain
• Supporting students in conducting scientific research on blockchain, building, and integrating their applications with Cardano
• Organizing and participating in “Together we learn Haskell”
• Introduce and promote Blockchain and AI research and development to Universities

During the bear market, Cardano2vn team regularly organized sharing sessions and networking events with universities, thereby collaborating with them to schedule both fundamental and advanced training. Below are some of the activities:

• Introduce Cardano and Project Catalyst at Nguyen Trai University
• Share oppotunies on Cardano and Project Catalyst for Students and lecture at ITI - National University, Hanoi
• Organizing 8 webinars on web3 and building web3 on the Cardano blockchain
• Cardano student showcases at Student Scientific and Research Conference at the University of Transport and Communications in Hanoi, Vietnam
• Promoting Blockchain, and AI research in universities

Vcoincheck.io profile

• Vcoincheck.io is a platform or related product for sharing, training, and educating about Cardano and blockchain knowledge. The project has 6 funded proposals in fund 7, 8, 9 and all have been completed. (Source lidonation)
• We are also the admin team of the largest Cardano Facebook community in Vietnam with more than 46k members and are reputable people as well as active in the catalyst in Vietnam.

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

FINISH DATE: 30/4/2024

(Duration 2 months)

RESEARCHING - 15 days

Description

• Research and define requirements: This includes market research, data analysis, and key requirement identification for the Miverse project. 
• Elaborate on the purpose, scope, and key features of the Marketplace NFT.
• Acceptance Criteria
• Technical document for project
• Project Plan

FRAMEWORK - 20 days

Description

• Design the framework and use it to coordinate with the UX/UI design team

Acceptance Criteria

• Framework 

BASIC CORE - 20 days

Description

• Core Application development (Basic only)

Acceptance Criteria

• Basic version of Core Application 

UX/ UI FOR MARKETPLACE - 35 days

Description

• Coordinate with design team to complete UX/UI as following steps:
• Introduce framework. 
• Explain our framework to Design team
• Both parties will discuss and feedback on UX/UI
• The UX/UI design team will finalize their work on Figma and send it to the vKnight team.
• Complete the framework 

Acceptance Criteria

• Sample page to use with framework
• Figma of MIHUB

FLASH FUND

Description

• Onchain logic design 
• Onchain and off-chain Application developement

FINISH DATE: 30/7/2024

Duration (3 months)

CORE DEVELOPMENT

Upgrade Core Application development

• The core application is main component of application. Core is divided into 4 main components:
• vCore service: We call it vCore service. This is considered the core set of the whole system. Responsible for handling system logic. Build development platform. build a system with many linked modules. Support port connection with middleware systems.
• vCoreAPI service: This is a Middleware system that connects vCore and other external systems.
• vHub: The Hub system is used to build modules that support integrations from external systems. Including Payment networks, an external system integration network based on the Plugin that Hub provides. This service have relationship with vCMS (Just the definition of it, not developed at this stage).
• vCMS: vCMS stands for Content Management System (Just the definition of it, not developed at this stage)

Acceptance Criteria

• Finish upgrade

CROWDFUNDING FUND

Description

• Onchain logic design 
• Onchain and off-chain Application developement

FLASH FUND DEVELOPMENT

Description

• Test case Smartcontract
• Integrate on-chain to off-chain
• Test on Cardano Preview/Prepod
• Deploy on main-net

UX/ UI FOR FUNDRAISING

Description

• Coordinate with design team to complete UX/UI as following steps:
• Introduce fundraising model. 
• Explain our model to Design team
• Both parties will discuss and feedback on UX/UI
• The UX/UI design team will finalize their work on Figma and send it to the C2VN team.
• Complete the fundraising model 

Acceptance Criteria

• Sample page to use for funding model
• Figma of fundraising pages

FINISH DATE: 31/10/2024

(Duration 3 months)

PC WEB VERSION

MARKETPLACE FRONT-END

Description

• Complete the front-end according to the Figma version that the UX/UI side has provided.
• Acceptance Criteria
• Implement web for PC browser 

SMART CONTRACT

Description

• This is an important step in building an NFT Marketplace. The smart contract will manage the creation, purchase, sale and trading of decentralized tokens on the blockchain.

Acceptance Criteria

• There is a Smart Contract to mint static NFTs

INTEGRATED WALLET

Description

• Learn and integrate Cardano network wallets suitable for Miverse

Acceptance Criteria

• Integrate wallets of Cardano network such as: Nami, Flint, Eternl, Typhon, Lace, etc (if the wallet supports minting and NFT transactions)

TREASURY FUND

Description

• Onchain logic design 
• Onchain and off-chain Application developement

FUNDRAISING DEVELOPMENT

Description

• Test case Smartcontract
• Integrate on-chain to off-chain
• Test on Cardano Preview/Prepod
• Deploy on main-net

FINISH DATE: 31/1/2025

(Duration 3 months)

MOBILE WEB VERSION

MARKETPLACE FRONT-END

Description

• Complete the front-end according to the Figma version that the UX/UI side has provided.

Acceptance Criteria

• Implement web for Mobile browser

GOVE LIVE MARKETPLACE 

• Preprod: Implement the alpha version of MIHUB to the Preprod Network for testing

• Preview: Implement the alpha version of Miverse to the Preview Network for pilot application during 15 days (get feedback and fixing bug)

• Beta version: Complete beta version of MIHUB. Product in preview Network.

• Release Candidate: Trial product on Mainet. Prepare version for official golive on mainet. This version is used as a buffer while waiting for the official version to be released to avoid the case that an official version may fail immediately after its release.

• Official version: Golive for the official version

GO LIVE TREASURY FUND

Description

• Test case Smartcontract
• Integrate on-chain to off-chain
• Test on Cardano Preview/Prepod
• Deploy on main-net

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

Jimmy Lee – Project manager

• Leader of Vcoincheck project
• Admin of 2 Vietnamese Cardano Facebook Community (helping over 40k followers) https://www.facebook.com/groups/cardanoviet and https://www.facebook.com/groups/ada.holder
• Instructor of 2 “how to evaluate a crypto’s project) courses.
• An Entrepreneur with 3 years experience in the blockchain field.
• Has a deep knowledge of blockchain technology and blockchain projects.
• Telegram: https://t.me/Jimmy_Lee01
• Linkedin : linkedin.com/in/le-linh-813125117

Mr.Thao Tran - Marketplace Tech lead

• Software engineer & Information system - Ho Chi Minh City University of Agriculture and Forestry.
• Language: Java, C#, Python, JS (NodeJS, ReactJS, AngularJS) - Database: Oracle. Mysql, NoSql, … - Have AI experience (Build Bot, machine learning, …).
• Github: https://github.com/thaotlh94
• Email: hoangthaoh2@gmail.com.

Nguyen Anh Tien - Funding module Tech lead

• The founder of the VILAI stake pool, and a computer science expert working in the Cardano/Crypto space since 2018. Cardano Ambassador, Funded Proposer, member of Plutus, Atala Prism Pioneer Program, a Challenge Team member, and Co-host for Eastern Town Hall.
• LinkedIn
• Twitter
• Telegram

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

Please check the detail in this file

TOTAL: 165,151 ADA

Duration: 11 months

5 milestones

1st Milestone - FINISH DATE: 30/4/2024

(Duration 2 months - Total: ADA 40,303)

• Research: 15 man-days | $900 ~ ADA 2,727
• Framework: 20 man-days | $1,500 ~ ADA 4,545
• Basic Core: 20 man-days | $2,700 ~ ADA 8,181
• Marketplace UX/UI: 60 man-days | $2,200 ~ ADA 6,666
• Flash Fund Development: 60 man-days | $6,000 ~ ADA 18,181

2nd Milestone - FINISH DATE: 30/7/2024

(Duration 2 months - Total: ADA 55,454)

• Core Upgrade: 75 man-days | $6,100 ~ ADA 18,485
• Fundraising UX/ UI: 60 man-days | $2,200 ~ ADA 6,666
• Flash fund Launch: 10 man-days | $1,000 ~ ADA 3,030
• Crowdfunding Development: 90 man-days | $9,000 ~ ADA 27,272

3rd Milestone - FINISH DATE: 31/10/2024

(Duration 3 months - Total: ADA 54,696)

• Front-end: 25 man-days | $1,650 ~ ADA 5,000
• Smart Contract: 45 man-days | $2,650 ~ ADA 8,030
• Integrated wallet: 30 man-days | $750 ~ ADA 2,273
• Treasury fund development: 120 man-days | $12,000 ~ ADA 36,363
• Crowdfunding Launch: 10 man-days | $1,000 ~ ADA 3,030

Last Milestone - FINISH DATE: 31/10/2024

(Duration 2months - Total: ADA 14,696)

• Front-end Mobile browser: 30 man-days | $1,400 ~ ADA 4,242
• Marketplace Launch: 30 man-days | $2,450 ~ ADA 7,424
• Treasury fund Launch: 10 man-days | $1,000 ~ ADA 3,030

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

Cost saving:

• Most teams also have their community so the marketing cost is maximized.
• We are also operating 2 stake pool so this cost is zero.
• Part of the work to develop the Funding module is taken advantage of the results of a proposal funded in fund 8

The majority of the costs outlined in the proposal pertain to our actual salaries, which we currently receive on a monthly basis.

[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.

I Accept