Bamboo App: Experience the Cardano Ecosystem at Your Fingertips

[GENERAL] Name and surname of main applicant

Nguyen Viet Thanh

[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

98151

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

5

[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)

A feature-rich mobile application to enhance the Cardano user experience, encompassing pool profitability rankings, loan notification system, Cardano ecosystem map, event calendar, wallet tracker...

[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

We want to develop a stable project before open-sourcing the code.

[SOLUTION] Please describe your proposed solution

Awareness of the problem:

• Need mobile app: Although the majority of Cardano blockchain users utilize smartphones, there aren't many apps on the Cardano ecosystem that let users manage their assets or keep an eye on the Cardano ecosystem.
• Difficulty in tracking projects: The Cardano ecosystem provides various tools that support users, including Taptools, Cardano Cube, Cardano Calendar, and Dapps On Cardano... These projects have distinct methods of development and usage techniques, necessitating frequent monitoring and switching between numerous platforms, which consumes a significant amount of time. Furthermore, these platforms do not leverage the phone's notification feature, therefore users frequently miss out on vital activity.
• Solution to support increased profits: ADA holders suffer from inflation when transaction fees are insufficient to compensate staker, which are mostly derived from newly printed ADA numbers. This issue will create a significant demand for solutions to maximize earnings while limiting risk.

Approach:

We built a mobile app that includes the following features:

• Information about native assets: The app will provide information about the value of assets, price charts, and basic information about projects built on Cardano.
• Asset portfolio management: Display the types of assets and asset values in the wallet, and calculate rewards by epoch.
• Smart alerts: Our app will help users receive notifications about balance changes and price fluctuations of native assets on Cardano.
• Information about major events: The app will continuously update important information such as ISPOs, testnets, mainnets, presales, and important updates from major projects on the Cardano ecosystem.

This has served as the foundation for Bamboolabs to upgrade existing features and develop new ones in order to put the Cardano ecosystem in your hands.

New features:

• Cardano ecosystem map: Bamboo will provide a list of Cardano-based projects organized into many fields with an easy presentation. When a project is selected, the program will display a brief introduction to the project as well as links that users may readily access.
• Major event calendar: The Cardano ecosystem has numerous events each year, including Summits, Meetings, ISPO events, Launchpads, Private and Public sales, and project token unlock deadlines. These events are frequently difficult to reach or are mostly overlooked. As a result, we will design a Calendar on Bamboo App to take advantage of the phone's notification capabilities to allow users to conveniently track and receive reminders about key events such as:

1. Major events: We will provide updates on events relating to Cardano's three founding organizations, as well as noteworthy events from major initiatives on the Cardano ecosystem.
2. Calendar subscription: Projects can register to display their event calendar, be it ISPO, Launchpad, Private sales, Public sales ….
3. Customization: Users can create their own calendars for events they want to remember, such as reminders about when to receive rewards like ISPO tokens or airdrops, reminders about loan receipt/repayment deadlines, reminders about launch schedules or selling project tokens, reminders of important meetings or events,...

• Wallet Tracking: Bamboolabs developed this functionality to assist those investing in Cardano projects in receiving timely alerts regarding token movements from the project's principal wallets or individuals whom the user wishes to track. This will allow users to better manage risks.
• Loan Announcement: We will gather loans from Cardano's lending and borrowing protocols and announce fresh loans to interested users. Borrowers will benefit from increased loan visibility, while lenders will have an easier time finding suitable loans.

Bamboo is still in the development stage, so we need to create a product that is more distinctive than the features mentioned above.

• SPO Market: Bamboolabs will establish a pool profit ranking market. The combination of ISPO market and Pool criteria enables us build this remarkable function. The Cardano blockchain now has over 3,000 SPOs, with an average staking APR of 3%. However, pools running ISPO, such as Genius, Orcfax, Gokey, Newm, and Fluidtokens, will have APR profits ranging from 10% to 30% per year. Furthermore, SPOs will be willing to operate pools at a low cost in order to enable users obtain more rewards than average. With this function, Bamboo will provide a win-win method to assist these ISPOs and SPOs in boosting visibility, consequently increasing the amount of stakes, and staking people will make more profits.

Attraction: The Bamboo App will appeal to all levels of Cardano users, from beginners to experts. By developing a phone app that incorporates numerous features and is user-friendly. From there, we will encourage further engagement in the Cardano ecosystem.

Uniqueness: As the title says, we will be the first project to put the Cardano ecosystem into your hands.

• Cardano users have a seamless experience when supporting tools.
• Take use of your phone's handy and rapid usability.
• Make full use of your phone's notification feature to assist users save time while following the Cardano ecosystem.

Importance for Cardano: This app is critical for Cardano because it will encourage more participation in Cardano ecosystem and is a useful tool that has the ability to push adoption more broadly than the Cardano blockchain.

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

Value to the Cardano community: The Cardano community will benefit from an all-in-one application for learning, tracking, managing, and supporting information about the Cardano ecosystem.

Metrics that will be used to assess the proposal's impact include:

• Number of app downloads: This is a metric that indicates how well the proposed solution meets the needs of Cardano ecosystem users.
• Number of daily active users: This is a metric that demonstrates users' actual needs and the quality of our offerings.
• User feedback: Participating in user feedback allows us to develop new features and enhance product quality.

The information gathered allows us to obtain a better understanding of user behavior, preferences, and wants in order to determine the app's necessity and the features that need to be created and upgraded to provide the best support for Cardano ecosystem users.

Output: 

• Added features: four existing features are improved, and four new ones are integrated.
• Attract many users to the project because of its diverse features.
• Create a user-focused mobile application centered on the most basic needs to assist consumers as much as feasible.

Share results:

• Proposal : All results of implementing proposal will be posted to the Milestone Module of Project Catalyst.
• Product: We will introduce the features of Bamboo App and how to download the application in detail at Bamboolabs.xyz.
• Activities: We will update activities and information related to the project on – https://twitter.com/BambooLabsXYZ

[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 Bamboo team has the necessary people to fulfill the requirements of this proposal. A perfect blend of professionals with many years of expertise developing smart applications and people with many years of experience investing in project research and community development to better understand user demands. 

• Development team: A team of professional programmers from Vtechcom Company, which specializes in developing mobile application software and offering digital transformation solutions for Vietnamese enterprises. They have over ten years of experience and have completed over 250 projects involving technology solutions for enterprises.
• Research team: The team includes specialists and investors who have extensive experience in the cryptocurrency sector. They understand what users care about and design the most useful features for users.
• Community development team: Includes founding members and managers of the Cardano ECO Talk community. They have extensive experience in community building, content creation, and product promotion inside the Cardano ecosystem. They are ambassadors for major projects on Cardano including World Mobile Token, Genius Yield, Cswapdex and Indigo's POG.

Commitment to quality: In this Catalyst Fund 12, the Bamboolabs makes 2 proposals:

• Bamboo App, increasing the features of our application before product launch.
• Bamboo Connect a Web3 Community Building and Marketing Platform.

These two proposals are closely related to each other and are part of our plan to build the Bamboo ecosystem. Bamboolabs can control all arising situations to ensure product quality and on-schedule construction time in case both proposals receive funding.

Demo:

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

User interface design - 2 month

• User function analysis.
• Application wireframe design.
• Application UI/UX design.

Acceptance criteria:

• Function report file.
• Interface set for each application function.

Evidence of milestone completion:

• Function report file.
• Demo link for UI/UX design of app features on Figma

Functional programming - 2 month

• Cardano ecosystem map
• Calendar
• Wallet tracking
• Notification of loans
• SPO market
• Increase data retrieval speed and application responsiveness for implemented features

Acceptance criteria:

• Demo Backend management and API connections.
• Complete cutting of the entire user app interface according to the design.

Evidence of milestone completion:

• Backend introduction video of the application.
• App features introduction video.

Product demo - 1 month

• Test the application on Android - iOS.
• Release the trial version of the application on Android - iOS.

Acceptance criteria:

• Complete the functional testing repor
• Publish .apk file to run demo on Android.
• Publish .ipa file to run demo on IOS.
• Complete written project end-of-project report documentation.

Evidence of milestone completion:

• File .apk file to run demo on Android.
• File .ipa file to run demo on IOS.
• Written project end-of-project report document file.

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

1.Nguyen Viet Thanh - Project Manager

Liên kết: https://www.linkedin.com/in/nguyenvietthanh/

Description: He has 10 years of experience as CEO of Vtechcom Company, a company specializing in developing mobile application software and providing digital transformation solutions for businesses in Vietnam.

• He has experience carrying out a Catalyst Fund 11 proposal for Bamboo App V1.

2.Le Quoc Trung - Community Development 

Link: https://www.linkedin.com/in/trung-le-quoc-711b25288/

Description: A businessman with 3 years of experience in the blockchain field, possessing good research and analysis abilities along with broad knowledge of blockchain.

• Admin of 2 Cardano ECO Talk Communities and World Mobile Token Vietnam.
• CswapDEX project ambassador - the 2nd largest NFT exchange on Cardano.

3.Do Trung Nhan: Technical Lead

Link: https://www.linkedin.com/in/nhan-td-176168180/

Description: He is a senior programmer with over 10 years of experience in software development.

• He has worked at Samsung Vietnam Corporation for 3 years, contributing to the development of software applications for Samsung's mobile devices.
• He spent 7 years at Vtechcom, where he directly managed and developed many of the company's major software projects.
• He has strong skills in Python, PostgreSQL, PHP, MySQL, JavaScript, C#, and DevOps.

4.Do Duc Chau - Project Advisor

Link: https://twitter.com/DucChauB

Description: A person who is passionate about Blockchain technology, has a deep understanding of programming and data analysis.

• He is operating many nodes such as: BBO pool, running Mithril technology, Sanchonet, ENO of World Mobile Token, Orcfax Validator Licenses, ....
• Founder of the Cardano ECO Talk community is a large community about the Cardano ecosystem in Vietnam.
• Founder of World Mobile Token Vietnam community which is WMT's largest community in Vietnam.
• Genius Yield project ambassador – a decentralized exchange on Cardano.

Along with many other members participating in the role of project implementation.

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

Milestones 1: 2 month - User interface design:

3 people x 8 weeks x 48 hours/week x 10 USD/hour = 11,520 USD

The tasks that will be performed include:

1. Analyze needs and collect information.

• Analyze user needs.
• Clearly define the goals and necessary functions of the application.
• Plan the stages of development.

Participants: Business Analysts, Product Managers.

2. Design the application interface

• Create wireframes and mockups to visualize functions and interfaces.
• UX design to optimize user experience.
• Design the UI, choosing colors, fonts, and visual elements.

Participants: UX/UI Designers.

Milestones 2: 2 month - Functional programming:

4 people x 8 weeks x 48 hours/week x 12 USD/hour = 18,432 USD

The tasks that will be performed include:

• Programming functional applications according to design.
• Integrate external APIs and services.
• Build and maintain databases.
• Perform code review and performance optimization.

Participants: Mobile Developers, Backend Developers, Database Engineers.

Final Milestone: 1 month - Product demo:

4 people x 4 weeks x 48 hours/week x 12 USD/hour = 9,216 USD

The tasks that will be performed include:

1.Test

• Perform different types of testing including unit testing, integration testing, and user acceptance testing.
• Record and track errors.
• Optimize and fix bugs based on feedback.
• Make sure the app works on IOS and Android devices and platforms.

Participants: Quality Assurance Engineers, Beta Testers.

2.Application deployment

• Prepare necessary documents for implementation.
• Package and deploy applications to app store platforms (App Store for iOS and Google Play for Android).

Participants: DevOps Engineers, Developers.

Other costs: 5,000 USD

• Manage project reports 
• Pay API fees, store data
• Release fee on iOS and Android platforms
• ADA price risk provision decreased
• Expenses incurred

Total budget: 44,168 USD = 98,151 ADA

(Exchange rate calculated at time of proposal submission $0.45/ADA)

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

Most costs are paid to application developers (tax included). This salary is consistent with the salary of programmers with many years of experience in Vietnam. You can refer to the average salary table here.

Sponsoring us will help save costs:

• Search and recruit personnel with programming experience in blockchain
• It doesn't take much time to learn and research
• Office rental costs and equipment purchases
• We already have a community so it doesn't take much time or money to build a community

Risk reduction:

• As a startup, we are willing to take the monetary risk of being paid in ADA. ADA price drops are a risk we take on so we have multiple contingency plans in place for any eventuality, while any increase allows us to expand our range.

How to express value for money:

• Bamboo App has received funding at fund 11 with the amount of 72,651 ADA at the rate of $0.38/ADA to implement a concept. When we were disbursed, the price of ADA was $0.5 - $0.7/ADA so we used this surplus money to invest in human resources and API to create better quality products. This demonstrates our commitment and efforts to bring the best application support to Cardano ecosystem users.