Token Launchpad for Cardano

[GENERAL] Name and surname of main applicant

Igor Jerkic

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

Entity (Incorporated)

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

8

[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)

Our platform simplifies token creation/minting/initial sales/ensuring policies/correct decimal handling/systematic distribution: vesting/ITO contracts.

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

Yes

[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.”

We are working closely with our DEXPartners from VyFi and Muesliswap to provide our clients the best possible and safe way for bootstrapping liquidity to the DEXs without any lack of security

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

Yes

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

The Smart Contracts will be fully open source for the sake of auditability and trust. The Backend and Frontend code, which contains important IP and is not relevant for auditability through the public will be closed source

[SOLUTION] Please describe your proposed solution.

T-1, directly addresses the "Solutions" category by developing a platform that simplifies and enhances the process of token creation and initial sales on the Cardano network. By providing a structured, transparent, and efficient platform, we are creating the capacity for new projects to launch their ideas in as easy, and regulatorily compliant, manner as possible.

T-1's platform will serve as a key integration point for individuals and organizations looking to launch their tokens on Cardano. By handling all aspects of token creation, from minting policies to initial sales and liquidity provision, we are offering a new use case for the Cardano blockchain and contributing to its utility and versatility.

Furthermore, by eliminating potential malpractice and fostering trust and integrity, our solution enhances the overall user experience and encourages more users to adopt and engage with the Cardano network. This aligns with the challenge's goal of developing or improving products that offer more use cases to the Cardano community.

So far the T-1 team have wireframed and built a fully functional prototype in the form of our Testnet. Here users can start minting and launching their very own testnet tokens. Users can also visit our landing page and view our team/whitepaper

(https://static.tminusone.pro/whitepaper_v1.pdf)

Through our website users can access the Testnet by selecting the "Create token" button. Here users can create a token via a series of steps:

• Token Name (Enter the Token Name)
• Token Description (Enter a Description of the Token eg. "X is a Governance token")
• Token Symbol (Enter the Token Symbol)
• Token Supply (Select a Token Supply)
• Logo (Select a Picture for your Token Logo)
• Website (Enter the Website attached to your Token)
• Advanced Options (Select Advanced Options including: CIP-25, CIP-26, CIP-67, Time Lock, One-Time & Burnable)

After successfully creating a testnet token users will be provided with a link where they can see their newly minted token on chain.

Website link (testnet): https://tminusone.pro/#/home

Our proposal aims to take this simple testnet token creation to the next level and create a streamlined process for users to mint tokens on-chain in a quick and easy to use process. We intend on implementing a KYC processes for projects so they can run an ICO in the most compliant manner possible.

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

T Minus 1 will provide the Cardano community with a simple and effective platform on which to launch tokens in the most compliant (under Swiss law) and risk adverse manner. Our launchpad will allow new projects a platform to build an audience and grow their brand. 

By having a more straightforward & manageable process for new tokens//projects to launch, we can encourage users to participate in the ecosystem and bring new & exciting ventures to Cardano.

[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?

All members of our team are trusted and experienced people who are well known in the Cardano Ecosystem. Our team has an in-depth understanding of IT, Marketing, Blockchain, Legal and Finance.

• Steven and Niels have both already successfully launched projects (VyFinance and Muesliswap respectively), which gives them proven experience in the difficulties that arise with project launch and management.

• Igor has spent many years working within tech within the finance sector

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

Q2 2023: Initiation Phase

• Kick-off: Initiation of Initial Token Offering (ITO) leveraging Smart Contract (SC) capabilities.
• Implementation of token minting processes, inclusive of Team Vesting mechanisms.
• Undertake exhaustive market research to discern prospective opportunities and potential hurdles.
• Generate detailed documentation encapsulating the project's vision, objectives, and technical stipulations.
• Design the tokenomics to ensure sustained value, addressing aspects like distribution, supply, and utility.
• Further develop a website to exhibit project specifics and track progression.

Q3 - Q4 2023: Development and Expansion Phase

• Implementation of Initial Stake Pool Offering (ISPO).
• Introduction of verified tokenomics to establish a robust economic model for T-1.
• Establishment of strategic partnerships and collaborations, enhancing the platform's ecosystem.
• Deployment of vesting mechanisms for third parties, providing benefits for existing projects on the platform.

Q4 2023: Development and Expansion Phase

• Automatic liquidity provision at leading protocols, ensuring efficient token trading.
• Introduction of tiered structures analogous to those present for ERC20 tokens, providing a range of options for stakeholders.
• Enhance the dashboard by incorporating new features and functionalities, focusing on user experience enhancements.
• Allocate resources and funds to expand the user base.
• Deploy and disseminate internal tools that aid ITOs, compute tokenomics, and set up staking services.
• Broaden services to assist multiple facets of the ITO procedure, supporting applicants and other initiatives in areas like marketing, design & video, development, and more.
• Constitute a dedicated development team to help other developers and initiatives in exploring the Cardano development and coding domain.
• Overhaul the platform and website to enhance user experience, aiming to make the platform more intuitive and user-friendly.

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

The T-1 team brings together a unique blend of skills and experiences that make us well-equipped to tackle the challenges of token creation and initial sales on the Cardano network.

• Steven is our executive lead, and manages the business of TM1. He is the CEO of VyFinance, and has worked as a tokenomic consultant on multiple projects across the Cardano Ecosystem. He brings the experience, both technically and practically, to bring the project to fruition.

• Igor is the enabler and executor behind T-1, is the founder of Dionysus pool and an IT expert. He has a deep understanding of the Cardano ecosystem and is passionate about promoting Cardano for wider acceptance. His technical expertise and passion for Cardano are key to the development and execution of T-1's platform.

• Niels is our Smart Contract Builder, is the founder of OpShinDev and Co-Founder of MuesliSwapTeam. He is helping Cardano evolve with Python-based smart contracts. Niels is driven by the passion to empower others with accessible development tools and decentralized applications. His expertise in smart contract development is crucial in building and maintaining the smart contracts that underpin our platform.

Together, our team's diverse skills and experiences, combined with our deep understanding of the Cardano ecosystem, position us to successfully deliver on our proposal.

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

The requested funding of $ADA 136,020 will be allocated over the next 8 months as follows:

One-Time Costs:

• Legal consultation: $7,500 ~ $ADA 22,500
• Company formation: $5000 ~ $ADA 15000
• 
  
• Continued website development: $10,000 ~ $ADA 30,000
• Contract Audits: $15,000 ~ $ADA 45,000

Monthly Costs:

• Design (continuous website design of sections, Social Media, Mobile Design): $440 x 8 = $3,520 ~ $ADA 10,560
• Marketing costs: $415 x 8 = $3,320 ~ $ADA 9,960

This leads to an overall budget request for a 8-month time period of: $ADA 124,020[a]

Please note that this budget breakdown does not include any monetary compensation for the team. The entire budget is dedicated to the development, launch, and marketing of the platform. This demonstrates our commitment to the project and our belief in its potential to contribute significantly to the Cardano ecosystem.

Note:

It's important to highlight that this project is not starting from scratch. We have already made significant progress, including the development of a design and a testnet token creator. We have also identified the necessary personnel to carry out the rest of the development work. This means that upon receiving funding, we are ready to hit the ground running and start implementing our plan immediately. This readiness reduces the risk associated with the project and increases the likelihood of successful and timely delivery.

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

This project represents value in multiple ways for the Cardano ecosystem. First, by simplifying the mechanisms required for projects to launch their tokens. This will create an easier process for new projects to engage with Cardano, which will sequentially grow value for the ecosystem, alongside creating the most simplified funnel for projects to go from ideation phase, through to launch phase, on the blockchain. 

Secondly, we provide a fully compliant manner (under Swiss law) for projects to fund themselves natively on the Cardano blockchain. Our design is entirely non-custodial, allowing for trustless launches between Projects and Speculators. 

We will be an all encompassing launchpad allowing projects to garner an audience, as well as receive the technical assistance required in launching their token through our smart contracts. This is a unique service that does not currently exist on Cardano in a completely permissionless manner.

[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