Telegram Alert Bot (token price, wallet tx, burnmint of tokens)

Problem

Keeping track of wallet txs, price movements and project stats on mobile is hard so we want to build a bot to solve that.

Total to date

This is the total amount allocated to Telegram Alert Bot (token price, wallet tx, burnmint of tokens).

₳180,000

Total funds requested

249

Total votes cast

₳59M

Votes yes

₳126M

Votes abstain

About this idea

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

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

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

Build a telegram bot where users can get notifications about txs in and out of their wallet, price alerts for movements on tokens, CNT supply change and more project stats

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

[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?

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

May open source parts of the build at a later date

[SOLUTION] Please describe your proposed solution

Problem

A lot of people want to keep up with the latest activities in their wallets, keep track of price action on different Cardano tokens as well as changes to token supply but its hard to keep on top of it with so many assets.

Why a telegram Bot

We propose to build a telegram bot as the starting point as this way users can set it up to track multiple wallets or assets and have them all filter into the same place. A telegram bot is the first point but we will have the full infrastructure behind it which can be accessed by APIs so we could build other front ends for it or allow users directly access the APIs in the future.

Solution

With ADA Markets we have already built an indexer to track all dexs and swaps on Cardano as well as stats on all the different tokens on Cardano. We will be expanding the stats and tracking we have and building a telegram bot that can access all them stats through our APIs.

There will be 3 different bots.

General Alerts Channel - This will be a telegram channel that will publish instant cardano native asset token updates including big price movements, large tx moves, token mint burn and other important stats

Telegram Group Bot - users can add this bot to their telegram group to pull the latest price on any cardano assets, mc, supply. Similar to other crypto bots where you can use commands like /p wmt

Wallet Tracker - users can subscribe to 1 wallet to get notifications about txs in and out

If this and our AI insights 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 too

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

Value to the Cardano Community

Our solution will make it easy for any members of the community to track all the stats they want with regard to wallets and tokens which we think is very important. It will also allow users make more informed and up to date decisions on their portfolio with alerts about projects as well as take quick action if any unexpected txs happen in their wallets.

How will you measure this impact?

We will be able to measure the impact by the number of users of the platform and by speaking to them in our discord to get feedback and make improvements as we go

How will you share the outputs and opportunities that result from your project?

We will be able to keep track of the number of users and requests through our APIs as well as number of updates pushed to users

[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 mean we have the technical ability to build this infrastructure with the first front end being a telegram bot.

To this point the team has been part time and we feel we have built a very solid platform for the community which hopefully proves our capabilities. With this proposal this would allow some of the team to begin working on the platform full time and we will also look to expand the team based on what proposals get approved.

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

Milestone outputs

Research and decide on stats to track and what can be called by the bot
Create initial spec doc for the project

Acceptance criteria

Initial spec doc created listing details