The Smart Bounty API for Fair Reward Distribution Among Developers

[GENERAL] Name and surname of main applicant

Ubio Obu

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

Entity (Incorporated)

[GENERAL] Co-proposers and additional applicants

Ediyangha Ottoho, Yash Ambekar

[GENERAL] Requested funds in ada

180000

[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)

Smart bounty Api is a smart contract distributor, it helps distribute rewards and compensation among developers based on the effort inputted into a project or provides the ratio for such distributions

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

The project will be open-sourced from beginning to the end, our code repository will be in the CC licence

[METADATA] SDG rating

>> SDG SELECTION:

• SDG goals:
• Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
• Reduce inequality within and among countries

• SDG subgoals:
• Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors
• Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, smal
• By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value

• Key Performance Indicator (KPI):

#proposertoolsdg

[SOLUTION] Please describe your proposed solution

Our proposed solution, the Smart Bounty API, addresses the challenge of determining fair compensation and distribution ratios for developers. What sets our solution apart is its integration into development repositories or platforms, where it can analyze the quantity, quality, and significance of code contributions. This analysis forms the basis for distributing rewards among developers based on their respective contributions.

How it works:

• Integration: The Smart Bounty API will be seamlessly integrated into development environments, such as repositories or playgrounds, where developers collaborate on projects.

  

• Code Analysis: It will analyze the code contributions, considering factors like the volume of code, its quality, and its impact on the project.

• Reward Distribution: Based on the analysis, the API will automatically calculate and execute smart contracts to distribute rewards. If a developer's wallet is linked, the reward will be directly deposited. Otherwise, the API will calculate the fair share for each developer, ensuring fair compensation for all and provide the appropriate ratio to the developer team

Benefits:

• Fair Compensation: Developers will receive compensation proportional to their contributions, ensuring fairness and motivation.

• Efficiency: The automation of reward distribution eliminates manual calculations and reduces administrative overhead.

• Transparency: The criteria for reward distribution are transparent, providing clarity to developers and project stakeholders.

Importance to Cardano:

This solution is crucial for Cardano as it promotes fairness, efficiency, and transparency in developer compensation. By implementing the Smart Bounty API, Cardano can attract and retain top talent, driving innovation and growth within its ecosystem.

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

The Smart Bounty API will have several positive impacts on the wider Cardano community some of which include:

1. Fair Compensation: By accurately measuring and rewarding developers' contributions, the API will ensure fair compensation, motivating developers to contribute their best wor
2. Community Engagement: The transparent and automated nature of the reward distribution process will enhance trust and engagement within the Cardano community, encouraging more developers to participate in project
3. Innovation and Quality: Fair compensation for contributions will attract skilled developers to the Cardano ecosystem, leading to higher-quality projects and innovative solution
4. Efficiency: Automating the reward distribution process will save time and resources for project managers, allowing them to focus more on project development and less on administrative task
5. Ecosystem Growth: A fair and efficient reward system will contribute to the overall growth and sustainability of the Cardano ecosystem, attracting more developers and investors to the platform.

[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?

As the CEO of Remostart, a talent based platform that is Cardano native and one who has been actively involved in the Cardano ecosystem since fund 9 and has actively onboarded hundreds of developers and entrepreneurs into the cardano ecosytem, I have witnessed first hand the challeges developers face trying to equitably distribute rewards and compensation for task executed effectively, this has made me worried many times and thought of creative means to help them, my closeness to developers and entrepreneurs in my platform makes me see this problem first hand, it has forced me to think of creative and smarter ways that reward distribution could be done among developers and it is this passion that drives my interest in this solution.

Finally, I had a fund9-funded proposal which was executed and brought to completion on time, an F-10 projected that is well on time and meeting milestones as scheduled, a F-11 project which is doing well, this demonstrates that I can be trusted when it comes to managing funds properly and with integrity.

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

Milestone 1: Detailed Project Design and Architecture

A: Milestone outputs

• Detailed project design and architecture for the Smart Bounty API
• Documentation for the proposed architecture

B: Acceptance criteria

• Project design and architecture approved by the project team
• Documentation providing a clear understanding of the proposed architecture

C: Evidence of milestone completion

• Approved project design and architecture documents
• Comprehensive documentation of the proposed architecture

Code Analysis and Reward Calculation

A: Milestone outputs

• Algorithm for code analysis and reward calculation implemented in the API
• Testing framework for code analysis and reward calculation developed

B: Acceptance criteria

• Algorithm tested and providing accurate results for code analysis
• Testing framework validating the correctness of reward calculations

C: Evidence of milestone completion

• API code repository with implemented algorithm
• Test results demonstrating accurate code analysis and reward calculation
• 
  

Smart Contract Execution and Reward Distribution

A: Milestone outputs

• Smart contract templates for reward distribution developed
• Integration of smart contract execution with the API for automated reward distribution

B: Acceptance criteria

• Smart contract templates tested and ready for deployment
• API able to execute smart contracts for reward distribution

C: Evidence of milestone completion

• Smart contract templates in a repository
• API code showing integration with smart contract execution

Integration with Development Platforms and Closeout Report

A: Milestone outputs

• Integration modules for popular development platforms (e.g., GitHub, GitLab) developed
• API integrated with at least one development platform for testing
• Final report and video

B: Acceptance criteria

• Integration modules tested and functional
• Successful integration with at least one development platform
• Final report and video

C: Evidence of milestone completion

• Integration module code repositories
• Documentation showing successful integration with a development platform
• Final report and video

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

UBIO OBU: The CEO of Remostart, is a blockchain and AI researcher, his academic background is in Artificial Intelligence. Ubio has about 4 years of experience in researching, his research works have cut across different fields, from AI, to IoT, Agriculture, environment, blockchain, HR, human behaviors etc. He currently has about 7 research paper publications in reputable journals like the American Institute of Physics, and IEEE, etc, he has 2 patents under application and a Copyright on a book titled "Research writing for beginners".

Ubio is a Microsoft Winsider Recipient, KECTIL leadership fellow, and a SingularityNet Ambassador.

Ubio will be in charge of the project development and resource management

https://www.linkedin.com/in/ubio-obu-71927276/

Ediyangha Otogho: Full-stack software and Blockchain developer with 8 years of of software development experience and 3 years blockchain development experience. Ediyangha has won several hackathons and techatrons and was the chief technology officer behind Send funds, a fintech solution building a Bharatpe for Africa. Funfact Ediyangha can code efficiently in more than 7 programming languages. For this project he will be the blockchain and fullstack developer

https://www.linkedin.com/in/edinyanga-ottoho-02801517a/

https://www.github.com/EdinyangaOttoho

Yash Ambekar : B.Tech-Computer Engineering, Full stack Developer, 7 years experience in Software development, a Smart India hackathon winner, with about 3 Research paper publications. In this project he will coordinate the front end developer especially the UI/UX aspects.

https://github.com/yashambkr

Daniel Effiom: He is a co-founder at RemoStart, a Reconciliation analyst at ETransact international PLC. With 5 years experience in data analysis, process monitoring and operational procedures. He has managed several projects for RemoStart and ETransact and is why he will be the project and product manager for this project.

https://www.linkedin.com/in/daniel-effiom-a2b377199/

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

Certainly! Here's a revised breakdown with estimated hours for each aspect of the project:

1. Development Costs:

• Frontend Development (200 hours): 40,000 ADA
• Backend Development (400 hours): 80,000 ADA
• Smart Contract Development (300 hours): 60,000 ADA
• 
  

2.Design Costs:

• UI/UX Design (100 hours): 20,000 ADA
• API Design (50 hours): 10,000 ADA

3.Testing Costs:

• Quality Assurance (100 hours): 15,000 ADA
• Security Testing (80 hours): 10,000 ADA
• 
  

4.Integration Costs:

• Third-party API Integration (80 hours): 15,000 ADA
• Platform Integration (60 hours): 10,000 ADA

5.Documentation and Support:

• Documentation (30 hours): 5,000 ADA
• User Support (30 hours): 5,000 ADA

6.Contingency (10% of total): 18,000 ADA

Total: 180,000 ADA

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

Our budgeting for the Smart Bounty Api is like crafting a fine dish – it's about the right ingredients in the right proportions. The costs align with the expertise required for specialized development, training, and community engagement using global standards as the team is decentralized and not in one country. We're transparent and open-source, with costs reflecting fair compensation for skilled work. The contingency fund is our safety net, and overall, the budget is a thoughtful investment in the Cardano community's growth. It's not just about spending money; it's about investing in a future where the smart bounty API becomes an invaluable asset to Cardano developers, bringing genuine value to every ADA spent.

Refer below to the average cost of building custom APIs integrated into repositories and you will see our ask is 30-40% of what the average ask is, using the current ADA price of 1 ADA = 0.46 USD, considering that we are offering smart contract capabilities and the project build intself this makes our project a high value to the ecosystem at very little cost

https://www.merge.dev/blog/cost-of-api-integrations#:~:text=influence%20your%20expenses.-,How%20much%20does%20an%20API%20integration%20cost%3F,personnel%20costs%20and%20partnership%20fees.