AI Trading Insights

[GENERAL] Name and surname of main applicant

ADA Markets

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

Entity (Not Incorporated)

[GENERAL] Requested funds in ada

95000

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

4

[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)

We will create a system feeds the trading history, data and token movement of Cardano native assets and analyses to an LLM to analyse and give back a daily summary

[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

Not in this concept

[SOLUTION] Please describe your proposed solution

Why This Approach

From building ADA Markets dex aggregator we have done some testing on trading data with different LLMs and got some very positive initial results so in this POC we want to div deeper into that and see what we can build for the community.

Details on the Platform 

We will create a system that feeds the trading history, data and token movement of Cardano native assets into an LLM to analyse and give back a daily summary which will be shown in the token info section on ADA Markets.

The LLM will analyse the token from a trading history perspective to highlight important areas but also from a holder and token movement side to to and find when people are accumulating or selling off

If this and our telegram bot proposals are approved we can add the ability to the bot to pull the daily insights on a coin as one of the bot requests

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

Allow more people understand what is happening on the trading side. What we will build be focused on just Cardano native assets but technically the modal could be expanded out to areas in the future and also attract more people to look at Cardano assets as they can get a daily summary every day.

[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?

The team have all been in the Cardano community for a number of years now and have recently built a DEX aggregator which has been fully built without raising any funds or charging anyone for using it to this point. A lot of the skills and knowledge we picked up from building the aggregator and custom chain indexer lead into this and during the building we also done some testing with different LLMs and trading data which gave some very positive initial results.

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

Milestone outputs

• Research and create spec document to lay out the full POC

Acceptance criteria

• Have a spec doc completed

Evidence of milestone completion

• Completed document can be submitted

Milestone outputs

• LLM analysis.
• Using multiple LLMs providing token swap info to gain market insights

Acceptance criteria

• Analysis complete and best LLM modal determined

Evidence of milestone completion

• Can provide a report on analysis and details on chosen LLM

Milestone outputs

• Create a batch that sends daily token info from ADA Markets to the LLM and collects the analysis

Acceptance criteria

• Batch working and pulling back analysis on each asset

Evidence of milestone completion

• Can provide a report on analysis and details on chosen LLM

Milestone outputs

• New section on ADA Markets showing the latest LLM token analysis

Acceptance criteria

• Analysis visible on the main site

Evidence of milestone completion

• Analysis visible on the main site

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

Paddy - Principle engineer with 15 years experience in many roles in engineering and architecture. Cardano SPO since 2021 and contributor to multiple cardano projects such as poolpeek and ada.markets

• https://twitter.com/PoolShamrock

Paul - Cardano SPO since 2021 and runs a YouTube channel dedicated to education on Cardano and Cardano projects since 2021. Part of the ADA Markets Dex Aggregator team 

• https://twitter.com/cwpaulm

Dave - A full stack developer with over 15 years of experience in developing and leadership within large-scale enterprise project. Contributor to many open source repositories on Cardano projects as well as ADA Markets

• https://twitter.com/ItsDave_ADA
• https://www.linkedin.com/in/dpbeaumont/

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

Total Budget – 95k

Milestone Breakdown

·        Milestone 1 – 20,000 ADA

·        Milestone 2 - 25,000 ADA

·        Milestone 3 - 20,000 ADA

·        Milestone 4 - 15,000 ADA

·        Final Milestone - 15,000 ADA

Overall Cost Breakdown

·        Infrastructure:  25,000 ADA

·        Backend and Frontend Development: 35,000 ADA

·        Testing: 20,000 ADA

·        Documentation & Tutorials: 5,000 ADA

·        Project Management & Reporting: 5,000 ADA

·        Contingency for unknown and ADA price: 5,000 ADA

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

In this POC it will allow us to dive deeper into how AI can be used to analyse trading data to help users understand what is happening and recognise trends easier. The hope is that giving users a better understanding they will be able to make more informed decisions and learn how to spot the trends and key events themselves