MarketRaker: Democratising Trading with AI on Cardano

[GENERAL] Name and surname of main applicant

The complexity and noise in trading markets make it challenging for traders to make informed decisions. We aims to test how tokens, instead of fiat, can be utilized to access valuable trading tools.

[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)

9

[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)

MarketRaker provides AI-powered trading indicators, cutting through market noise. It also tests a token-based subscription model, using tokens instead of fiat for accessing trading tools.

[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

As the majority of this information is sensitive, MarketRaker aims to keep most of our code and algorithms private. By maintaining the proprietary nature of our technology, we retain our competitive edge and prevent the unauthorized use or replication of our innovative trading indicators and strategies.

However, it is important to note that as we utilize the Cardano blockchain, specifically with the RAKER token, we are inherently participating in an open and transparent ecosystem.

Additionally, we will make our APIs and certain integration tools open source. This allows developers and other projects within the Cardano ecosystem to seamlessly connect with and build upon our platform, fostering collaboration and innovation.

Key points:

1. Core MarketRaker technology (AI algorithms, trading indicators) will remain proprietary to maintain our competitive advantage.
2. APIs and select integration tools will be open source to encourage developer collaboration and ecosystem growth.

By striking a balance between protecting our proprietary technology and embracing open source principles where appropriate, MarketRaker aims to contribute to the Cardano community while safeguarding our unique value proposition.

[METADATA] SDG rating

While MarketRaker's primary focus is on providing advanced trading tools and exploring token-based access models, the project does have the potential to contribute indirectly to several UN Sustainable Development Goals (SDGs). Here are a few relevant SDGs and how MarketRaker aligns with them:

SDG 8: Decent Work and Economic Growth

• 8.3 Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services.
• MarketRaker's AI-powered trading indicators and strategies can help traders make more informed decisions, potentially leading to increased economic opportunities and growth within the Cardano ecosystem.
• The project's exploration of token-based access models can contribute to discussions on innovative financial services and inclusive economic participation.

SDG 9: Industry, Innovation and Infrastructure

• 9.5 Enhance scientific research, upgrade the technological capabilities of industrial sectors in all countries, in particular developing countries, including, by 2030, encouraging innovation and substantially increasing the number of research and development workers per 1 million people and public and private research and development spending.
• MarketRaker's development of advanced AI algorithms for trading showcases technological innovation within the Cardano ecosystem.
• The project's open source APIs and integration tools can foster collaboration and innovation among developers, contributing to the growth of the Cardano infrastructure.

SDG 10: Reduced Inequalities

• 10.3 Ensure equal opportunity and reduce inequalities of outcome, including by eliminating discriminatory laws, policies and practices and promoting appropriate legislation, policies and action in this regard.
• By exploring token-based access models, MarketRaker contributes to discussions on inclusive and equitable access to financial tools and services.
• The project's integration with the Cardano blockchain, which aims to provide financial services to underserved populations, can indirectly support efforts to reduce inequalities.

[SOLUTION] Please describe your proposed solution

MarketRaker is a pioneering project that aims to revolutionize the way traders interact with the market by providing AI-powered trading indicators and strategies. Our solution is designed to address the key challenges faced by traders in today's complex and information-saturated trading landscape. We have already launched an alpha version of our product and are working towards releasing a beta version in the near future.

Perception of the Problem: We recognize that the abundance of market data, coupled with the inherent noise and volatility, makes it difficult for traders to consistently make informed decisions. This often leads to suboptimal trading outcomes, missed opportunities, and increased risk. MarketRaker aims to tackle this problem head-on by cutting through the noise and delivering clear, actionable insights to traders.

Approach: Our approach leverages advanced artificial intelligence and machine learning algorithms to analyze vast amounts of market data in real-time. By identifying patterns, trends, and key market signals, MarketRaker generates precise trading indicators and strategies that adapt to changing market conditions. This empowers traders to make data-driven decisions with confidence, regardless of their level of experience.

Engagement: MarketRaker engages a diverse range of stakeholders within the Cardano ecosystem and beyond:

1. Traders: Our primary target audience is traders of all levels who seek to enhance their decision-making process and improve their trading outcomes.
2. Developers: By providing open source APIs and integration tools, we engage developers who can build upon and extend the capabilities of the MarketRaker platform.
3. The Cardano Community: MarketRaker actively contributes to the growth and innovation of the Cardano ecosystem by showcasing the potential of AI-driven solutions and exploring token-based access models.

Demonstrating Impact: We will demonstrate MarketRaker's impact through a multi-faceted approach:

1. Quantitative Metrics: We will track and report on key performance indicators such as the accuracy of our trading indicators, user engagement, and the growth of our token-based subscription model.
2. User Feedback: We will actively seek and incorporate user feedback to continuously improve our platform and ensure it meets the evolving needs of traders.
3. Case Studies: We will showcase real-world success stories and testimonials from traders who have benefited from using MarketRaker's AI-powered tools.
4. Ecosystem Contribution: We will highlight how MarketRaker's open source components and innovative token-based access model contribute to the overall growth and development of the Cardano ecosystem.

Uniqueness and Importance to Cardano: MarketRaker stands out by being one of the first projects to bring advanced AI-driven trading tools to the Cardano ecosystem. Our solution democratizes access to sophisticated market analysis, empowering traders of all levels to make informed decisions. By leveraging the power of the Cardano blockchain and exploring token-based access models, MarketRaker contributes to the broader discussion on token utility and innovative financial services within the ecosystem. As Cardano continues to grow and attract a diverse range of users, MarketRaker will play a crucial role in supporting the needs of the trading community and fostering the adoption of the Cardano blockchain in the financial sector.

With our alpha product already in the market and a beta version on the horizon, MarketRaker is well-positioned to deliver immediate value to the Cardano ecosystem. Our proven track record and ongoing development efforts demonstrate our commitment to providing cutting-edge solutions that address real-world challenges faced by traders. As we continue to refine and expand our platform, we remain dedicated to driving innovation, fostering collaboration, and contributing to the growth of the Cardano community.

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

MarketRaker's positive impact on the wider Cardano community will be significant and multi-faceted. Our project will bring value to the ecosystem by empowering traders, fostering innovation, and contributing to the growth and adoption of the Cardano blockchain.

Value to the Cardano Community:

1. Empowering Traders: MarketRaker's AI-powered trading indicators and strategies will enable traders within the Cardano ecosystem to make more informed, data-driven decisions. By providing access to sophisticated market analysis tools, we aim to level the playing field and democratize trading, allowing traders of all levels to benefit from the power of AI.
2. Fostering Innovation: Our open source APIs and integration tools will encourage developers to build upon and extend the capabilities of the MarketRaker platform. This will create a vibrant ecosystem of third-party applications and services, driving innovation and collaboration within the Cardano community.
3. Promoting Token Utility: By exploring token-based access models through our RAKER token, we contribute to the broader discussion on token utility and innovative financial services within the Cardano ecosystem. Our approach showcases the potential of tokens beyond mere speculative assets, demonstrating their value in providing access to valuable tools and services.
4. Attracting New Users: The success of MarketRaker will attract new users to the Cardano ecosystem, particularly those interested in trading and financial applications. As our platform gains traction and demonstrates the benefits of AI-driven trading tools, it will serve as a compelling use case for the Cardano blockchain, encouraging adoption and growth.

Measuring Impact:

We will measure the impact of MarketRaker through a combination of quantitative and qualitative metrics:

1. User Adoption: We will track the number of active users, token holders, and subscribers to our platform. Growth in these metrics will indicate the increasing value and utility of MarketRaker within the Cardano community.
2. Trading Performance: We will monitor the performance of our AI-powered indicators and strategies, comparing their results to market benchmarks and those not using our tools. Improved trading outcomes will demonstrate the effectiveness of our solution.
3. Developer Engagement: We will measure the number of third-party applications and services built using our open source components, as well as the activity and contributions within our developer community. This will highlight the impact of MarketRaker in fostering innovation and collaboration.
4. User Feedback: We will actively seek and analyze user feedback through surveys, interviews, and community discussions. Qualitative insights from traders, developers, and other stakeholders will help us assess the perceived value and impact of MarketRaker within the Cardano ecosystem.

Sharing Outputs and Opportunities:

We are committed to sharing the outputs and opportunities generated by MarketRaker with the wider Cardano community:

1. Regular Updates: We will provide regular updates on our project's progress, milestones, and achievements through our official channels, including our website, blog, and social media presence. See https://marketraker.medium.com/
2. Community Engagement: We will actively engage with the Cardano community through forums, events, and workshops, sharing insights, gathering feedback, and fostering collaboration. See https://discord.gg/rAFfBDgqQ8
3. Case Studies and Testimonials: We will showcase success stories and testimonials from traders and developers who have benefited from using MarketRaker, highlighting the real-world impact of our platform.
4. Open Source Contributions: We will share our open source components, such as APIs and integration tools, with the developer community, encouraging them to build upon and extend the capabilities of MarketRaker.
5. Knowledge Sharing: We will contribute to the broader knowledge base within the Cardano ecosystem by sharing our experiences, lessons learned, and best practices in developing AI-driven solutions and exploring token-based access models.

By delivering value to traders, fostering innovation, and promoting the growth and adoption of the Cardano blockchain, MarketRaker aims to have a lasting and transformative impact on the wider Cardano community.

[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?

MarketRaker's team is well-equipped to deliver our project with high levels of trust and accountability. We have a strong track record of developing and deploying AI-driven solutions, as evidenced by the successful launch of our alpha product. Our team consists of experienced professionals with diverse backgrounds in AI, machine learning, trading, and blockchain technology.

Existing Capabilities:

1. Proven Expertise: Our core team members have a proven track record of delivering complex AI and machine learning projects in various domains, including finance and trading. This expertise ensures that we have the necessary skills and knowledge to develop and deploy advanced AI-powered trading tools on the Cardano blockchain.
2. Successful Alpha Launch: The successful launch of our alpha product demonstrates our ability to translate our vision into a tangible, working solution. The alpha version has already garnered positive feedback from early users, validating the feasibility and potential impact of our approach.
3. Strong Technical Foundation: Our team has a deep understanding of the Cardano blockchain and its underlying technologies. We have experience in developing smart contracts, integrating with the Cardano ecosystem, and leveraging the unique features of the platform to create secure and efficient solutions.
4. Robust Development Processes: We follow industry best practices in software development, including agile methodologies, code reviews, and comprehensive testing. Our development processes ensure that our codebase is maintainable, scalable, and secure, enabling us to deliver high-quality solutions with confidence.
5. Collaboration and Partnerships: We have established partnerships and collaborations with key stakeholders within the Cardano ecosystem, including developers, researchers, and community members. These relationships provide us with valuable insights, resources, and support to deliver our project successfully.

Trust and Accountability:

To ensure that we can be trusted to manage funds properly and maintain high levels of accountability, we will implement the following steps and processes:

1. Transparent Reporting: We will provide regular, transparent reports on our project's progress, including financial statements, milestone updates, and performance metrics. These reports will be shared with the Cardano community and relevant stakeholders, ensuring full transparency and accountability.
2. Secure Fund Management: We will implement robust security measures to safeguard the funds entrusted to us. This includes using multi-signature wallets, cold storage for long-term holdings.
3. Governance and Oversight: We have established a governance structure that includes a board of advisors/stakeholders of MarketRaker to provide oversight and guidance for our project. This will ensure that decisions are made in the best interest of the community and that funds are allocated appropriately.
4. Continuous Feedback and Improvement: We will actively seek feedback from the community and incorporate their input into our decision-making processes. We will establish channels for open communication and regularly engage with stakeholders to address their concerns, gather suggestions, and continuously improve our approach. See our current discord channel, we have about 600 users already. https://discord.gg/rAFfBDgqQ8

Feasibility Validation:

To validate the feasibility of our approach, we will undertake the following steps:

1. Rigorous Testing: We are conducting extensive testing of our AI-powered trading indicators and strategies, using historical market data and simulated trading environments. This will allow us to assess the performance and robustness of our algorithms under various market conditions and refine our models accordingly.
2. User Feedback and Iteration: As we release our beta version and onboard more users, we will actively seek their feedback and insights. We will use this feedback to iterate and improve our platform, ensuring that it meets the needs and expectations of our target audience.
3. Performance Monitoring: We will continuously monitor the performance of our AI-powered tools in real-world trading scenarios. By tracking key metrics such as accuracy, profitability, and user engagement, we can validate the effectiveness of our approach and make data-driven decisions to optimize our platform.
4. Expert Validation: We will engage with industry experts, including experienced traders, financial analysts, and AI researchers, to review our methodology and provide feedback on the feasibility and potential impact of our approach. Their insights will help us refine our strategies and ensure the robustness of our solution.
5. Incremental Deployment: We adoptted an incremental deployment strategy, starting with a controlled rollout to a limited user base. This phased approach allows us to validate the feasibility of our solution in a real-world setting, gather valuable insights, and make necessary adjustments before scaling to a wider audience.

MarketRaker is well-positioned to deliver a high-quality, impactful solution to the Cardano community. Our commitment to transparency, security, and continuous improvement ensures that we can be trusted to manage funds responsibly and drive the success of our project.

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

Milestone 1: Alpha Version Launch (Done)

Milestone 2: Beta Version Launch (In progress)

A. Milestone Outputs:

1. Integration of additional trading pairs and markets
2. Fully functional beta version of the MarketRaker platform
3. Integration of AI-powered trading indicators and strategies
4. User interface for managing RAKER token-based subscriptions
5. Open source APIs and integration tools for developers

B. Acceptance Criteria:

1. MarketRaker platform supports trading indicators and strategies for at least 100 additional trading pairs
2. Beta version is accessible to users on the Cardano blockchain
3. AI-powered trading indicators and strategies are generating accurate and actionable insights
4. Users can easily manage their RAKER token-based subscriptions through the platform interface
5. Developers can access and utilize the open source APIs and integration tools

C. Evidence of Milestone Completion:

1. Live beta version of the MarketRaker platform deployed on the Cardano blockchain
2. Documentation and video demonstrations of the AI-powered trading indicators and strategies in action
3. User testimonials and feedback on the usability and effectiveness of the platform
4. Code repositories and documentation for the open source APIs and integration tools

Ecosystem Expansion, Sentiment Analysis, and 3Commas Integration

A. Milestone Outputs:

1. Development of advanced features and tools based on user feedback and market needs
2. Expansion of the developer ecosystem and third-party applications built on MarketRaker
3. Integration of sentiment analysis into the MarketRaker platform
4. Integration of MarketRaker's AI-powered trading indicators with 3Commas

B. Acceptance Criteria:

1. Advanced features and tools are implemented based on user feedback and market needs, enhancing the platform's value proposition
2. At least 5 third-party applications are built and integrated with MarketRaker, showcasing the platform's extensibility
3. Sentiment analysis is successfully integrated into the MarketRaker platform, providing users with real-time insights into market sentiment
4. MarketRaker's AI-powered trading indicators are seamlessly integrated with 3Commas, allowing users to easily incorporate insights into their trading strategies

C. Evidence of Milestone Completion:

1. Documentation and demonstrations of the additional trading pairs and markets supported by the platform
2. Release notes and user guides for the advanced features and tools implemented
3. Case studies and testimonials from developers and third-party applications built on MarketRaker
4. Documentation and video demonstrations of the sentiment analysis feature in action, showcasing its accuracy and impact on trading decisions
5. Video tutorials and user guides demonstrating the integration of MarketRaker's AI-powered trading indicators with 3Commas and TradingView, highlighting the ease of use and benefits for traders

Long-term Sustainability and Governance

A. Milestone Outputs:

1. Establishment of a governance framework and long-term sustainability plan
2. Continuous improvement of AI models and sentiment analysis based on user feedback and market dynamics
3. Expansion of partnerships and collaborations within the Cardano ecosystem
4. Development of educational resources and community engagement initiatives

B. Acceptance Criteria:

1. Governance framework is established, including a decentralized decision-making process and transparent fund allocation
2. AI models and sentiment analysis are continuously updated and refined based on user feedback and market data, demonstrating improved accuracy and performance
3. Established partnerships and collaborations with at least 2 additional key stakeholders in the Cardano ecosystem
4. Educational resources and community engagement initiatives are launched, fostering a knowledgeable and active user base

C. Evidence of Milestone Completion:

1. Governance documentation and voting records showcasing the decentralized decision-making process and fund allocation
2. Documentation and comparative analysis of AI model and sentiment analysis performance before and after optimization
3. Signed partnership agreements and joint announcements with additional key stakeholders in the Cardano ecosystem - such as DexHunter.
4. Release of educational resources, such as tutorials, guides, and webinars, and documentation of community engagement initiatives and their impact

By integrating with 3Commas and TradingView, MarketRaker will significantly expand its user base and demonstrate the versatility and value of its AI-powered trading indicators. This integration will enable users to leverage MarketRaker's insights within a familiar and widely-used trading platform, streamlining their trading process and enhancing their decision-making capabilities.

The combination of sentiment analysis and 3Commas integration, along with the continued focus on ecosystem expansion, performance optimization, and long-term sustainability, positions MarketRaker as a comprehensive and indispensable tool for traders in the Cardano ecosystem.

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

The MarketRaker project is led by a highly qualified and experienced team from Matogen, a technology company with a proven track record in delivering innovative solutions. The core team members include:

1. Cobus Coetsee (https://linkedin.com/in/cobuscoetsee) - CEO and Founder
2. With 21 years of experience in the technology sector, Cobus exemplifies the essence of a hands-on leader
3. Masterfully oversees and applies technical methodologies, ensuring that every project is based on a solid, technically sound foundation
4. Guides the overall vision and strategy of the MarketRaker project
5. Wim Conradie (https://linkedin.com/in/wimconradie) - Financial Director
6. Holds an MBA (Cum Laude) and a B.Eng in Electronic Engineering with Computer Science
7. Brings 19 years of experience in business analysis and streamlining software automation
8. Ensures the financial stability and sustainability of the MarketRaker project
9. Jacobus Eksteen (https://linkedin.com/in/jacobuseksteen) - Data and Decision Science
10. Holds an MBA and a B.Comm in Financial Risk Management
11. Has 17 years of diverse experience in data science, delivering solutions across various industries, notably financial services and agriculture
12. Leads the development and optimization of AI-powered trading indicators and strategies

Matogen Software Division:

• The software division consists of experienced developers and engineers with qualifications including M.Eng in Electronic Engineering with Computer Science
• Responsible for developing and maintaining the MarketRaker platform on the Cardano blockchain, integrating AI-powered trading indicators, and ensuring platform performance and scalability

Matogen AI Division:

• The AI division comprises data scientists and researchers with qualifications including PhD in Theoretical and Mathematical Physics, M.Eng in Electronic Engineering with Computer Science, and B.Comm in Financial Risk Management
• Focuses on the development and optimization of AI models, sentiment analysis, and trading strategies
• Collaborates with the software division to integrate AI capabilities into the MarketRaker platform

ChatGPT & Github Co-Pilot:

• The MarketRaker team leverages the power of ChatGPT and Github Co-Pilot to enhance the development process and generate insights

These AI tools assist in code generation, documentation, and ideation, allowing the team to work more efficiently and effectively

By incorporating the Matogen team's qualifications and experience, the MarketRaker project demonstrates a strong foundation in both technical expertise and business acumen. The combination of the Matogen Software and AI divisions, along with the strategic use of AI tools like ChatGPT and Github Co-Pilot, positions the project for success in delivering a cutting-edge, AI-powered trading platform with Cardano blockchain as the main token to access.

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

Apart from the initial development funds from Matogen and token sales, if we can aquire more funds the team can be expanded and we can move faster towards delivery and will add quality of the end product. The additional funds will be allocated as follows.

1. Development and Integration (120,000 ADA)
2. AI-powered trading indicators and strategies development: 40,000 ADA
3. Sentiment analysis integration: 25,000 ADA
4. 3Commas and TradingView integration: 15,000 ADA
5. Platform development and maintenance: 30,000 ADA
6. Open source APIs and integration tools development: 10,000 ADA
7. Marketing, Promotion, and Community Engagement (30,000 ADA)
8. User acquisition and onboarding campaigns: 15,000 ADA
9. Social media and content creation: 5,000 ADA
10. Community events and workshops: 5,000 ADA
11. Partnerships and collaborations: 5,000 ADA
12. Project Management and Operations (20,000 ADA)
13. Project management tools and software: 5,000 ADA
14. Real-time trading data: 5,000 ADA
15. AWS Hosting fees: 5,000 ADA
16. Miscellaneous operational expenses: 5,000 ADA
17. Quality Assurance and Testing (15,000 ADA)
18. Comprehensive testing plans and execution: 10,000 ADA
19. Bug bounty program: 5,000 ADA
20. Documentation and Reporting (10,000 ADA)
21. User guides and tutorials: 3,000 ADA
22. Technical documentation: 3,000 ADA
23. Regular progress reports and updates to the community: 4,000 ADA
24. Contingency and Miscellaneous (5,000 ADA)
25. Unforeseen expenses and additional resources: 5,000 ADA

Total Funding Request: 200,000 ADA

The majority of the funds (120,000 ADA) will be allocated to the development and integration of the MarketRaker platform, including the AI-powered trading indicators, sentiment analysis, 3Commas integration, and the Cardano blockchain implementation. This ensures that the core functionalities of the project are well-funded and can be delivered to a high standard.

A significant portion (30,000 ADA) is dedicated to marketing, promotion, and community engagement, reflecting the project's commitment to building a strong user base and fostering a vibrant ecosystem around the MarketRaker platform.

Project management, quality assurance, documentation, and reporting are also allocated appropriate funds to ensure smooth operations, thorough testing, and transparent communication with the community.

A small contingency fund (5,000 ADA) is included to address any unforeseen expenses or additional resource requirements that may arise during the project's execution.

The MarketRaker team believes that this funding allocation will enable them to successfully deliver on their milestones and create a powerful, AI-driven trading platform that brings significant value to the Cardano ecosystem.

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

The forcasted cost allocation associated with continuing developing MarketRaker are primarily due to the cutting-edge technologies and specialized expertise required to build our AI-driven trading analysis platform.

Leveraging advanced machine learning and deep learning techniques to process vast amounts of financial data and generate reliable, actionable trading indicators is an extremely complex technical challenge. It requires hiring top AI/ML researchers, data scientists and engineers who command premium salaries, especially for specific domain expertise in quantitative finance.

Providing an intuitive, user-friendly interface and experience for traders requires significant investment in UX research and design talent. This is crucial to simplify the inherent complexities of our AI models and indicators into an accessible platform for all levels of traders.

We are building MarketRaker as a robust, enterprise-grade platform that provides immense value by empowering traders with intelligent tools and data-driven insights. This democratization of sophisticated trading capabilities has the potential to attract more users and liquidity to the Cardano ecosystem over the long-term.

We are taking a diligent approach to ensure we deliver an exceptional product rather than cut corners. The costs reflect our commitment to building powerful AI models, elegant UX, and a thriving community - essential for achieving our goal of becoming the premier AI-powered trading analysis platform.