Home Funds overview Fund12 F12: Cardano Use Cases: Product

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VESPR Turbo

Problem

Server costs are limiting VESPR's ability to develop exciting new features, enhance user experience, and maintain Cardano’s competitive edge in line with top blockchain platforms, impacting onboarding

Total to date

This is the total amount allocated to VESPR Turbo.

₳500,000

Total funds requested

447

Total votes cast

₳89.9M

Votes yes

₳54.9M

Votes abstain

About this idea

access adoption blockchain cardano-core-dev cardarno technology

[GENERAL] Name and surname of main applicant

VESPR Team

[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)

[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)

Reducing the financial burden of server costs will allow VESPR to accelerate development, focusing on the creation of exciting new features for the entire Cardano community.

[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

No, because costs requested are for maintenance and business continuity

[SOLUTION] Please describe your proposed solution

Our proposed solution targets the financial constraints hindering the enhancement of VESPR, Cardano’s leading wallet. We aim to address the escalating server costs that are diverting crucial resources away from feature development—resources that could propel Cardano to the forefront of blockchain technology innovation.

Understanding the Problem:

We perceive the core problem as a resource availability issue where rising server maintenance costs, driven by increased user adoption and the introduction of VESPR web, are restricting our ability to innovate. This financial pressure limits our capacity to develop and deploy features rapidly, impacting the overall growth and user experience within the Cardano ecosystem.

Approach to the Solution:

We have chosen to directly mitigate the financial burden of these operational costs through targeted funding. By securing additional capital, we can reallocate existing resources towards accelerated development and innovation. This strategic financial management ensures that we can continue to scale our services without compromising on the quality or speed of development.

Engagement and Beneficiaries:

Our project will engage current and future users of the VESPR wallet, along with developers and stakeholders within the Cardano community. By enhancing the VESPR wallet's features and capabilities, we make Cardano more accessible and functional for a broader audience, thereby strengthening its position in the competitive landscape of blockchain technologies.

Uniqueness and Importance:

What sets our solution apart is its dual focus on immediate financial relief and long-term developmental sustainability. This approach not only addresses the immediate needs but also strategically positions VESPR for future growth and innovation within the Cardano network. This is crucial for maintaining Cardano’s competitive edge and ensuring its continued appeal to both developers and users in the rapidly evolving blockchain space.

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

Our project will drive significant advancements on the wider Cardano community by elevating the VESPR wallet to further match and surpass the quality of leading entities in both traditional finance and the cryptocurrency space, such as Coinbase, Metamask and Phantom Wallet. This enhancement not only improves functionality and user appeal but also strengthens Cardano’s position as a competitive blockchain platform.

Impact on the Community:

Increased Adoption: The improvements to VESPR will boost the onboarding of new users to Cardano, as the wallet’s features become even more competitive with top-tier financial applications, driving greater transactions and activity on the blockchain.
Enhanced Innovation: With the proposed funding, we can accelerate the development of cutting-edge features, setting a high standard of technological excellence and innovation within the Cardano ecosystem.
Community Engagement: More sophisticated wallet functionalities will foster increased community participation and stakeholder engagement, enriching the overall ecosystem.

Quantitative Measures:

We will monitor key performance indicators such as user growth, market share growth, transaction volume and user retention. These metrics will provide concrete evidence of our project’s impact.

Qualitative Measures:

Feedback will be solicited through user surveys, community forums, and/or direct feedback channels to assess user satisfaction and gather insights for ongoing improvements.

Sharing Outputs:

Community Updates: Progress and outcomes will be communicated to the community via regular posts, newsletters, and announcements on VESPR's official platforms.
Partnerships and Collaborations: We will continue to collaborate with other projects and stakeholders within the Cardano ecosystem to share our findings and expand the blockchain’s technological capabilities.
By maintaining our commitment to quality and innovation, we will reinforce Cardano's leadership in blockchain technology and its capacity for driving forward-thinking, community-led developments.

[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?

Our capacity to deliver this project with high levels of trust and accountability is demonstrated by our track record and robust operational framework. We have a proven history of managing VESPR with over 99.95% uptime over the past year, showcasing our commitment to reliability and excellence in service delivery.

Capability Indicators:

Significant Market Growth: Our market share within the Cardano ecosystem has expanded by 20x over the past year, indicating strong user trust and adoption of our wallet.
Reliability: Maintaining an uptime of over 99.95% despite significant increases in user numbers and transaction volumes speaks to our technical and operational proficiency.
Advanced Development: We are currently developing an open-source Ledger SDK, which is not only on track but two months ahead of schedule. This reflects our team’s ability to efficiently manage and execute complex projects.

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

Milestone outputs: VESPR servers are kept up-to-date and running smoothly

Acceptance criteria: VESPR servers are running

Evidence of milestone completion: Screenshots/Logs showing the servers running

Milestone outputs: VESPR servers are kept up-to-date and running smoothly

Acceptance criteria: VESPR servers are running

Evidence of milestone completion: Screenshots/Logs showing the servers running

Milestone outputs: VESPR servers are kept up-to-date and running smoothly

Acceptance criteria: VESPR servers are running

Evidence of milestone completion: Screenshots/Logs showing the servers running

Milestone outputs: VESPR servers are kept up-to-date and running smoothly

Acceptance criteria: VESPR servers are running

Evidence of milestone completion: Screenshots/Logs showing the servers running

Milestone outputs: VESPR servers are kept up-to-date and running smoothly

Acceptance criteria: VESPR servers are running

Evidence of milestone completion: Screenshots/Logs showing the servers running

Milestone outputs: VESPR servers are kept up-to-date and running smoothly. Also we will produce Catalyst Final Report and Closeout Video.

Acceptance criteria: VESPR servers are running ; Catalyst Final Report is written ; Closeout Video is made

Evidence of milestone completion: Screenshots/Logs showing the servers running ; Publish Catalyst Final Report ; Publish Catalyst Closeout Video

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

Alex Dochioiu | CEO & Senior Software Architect

LinkedIn: https://www.linkedin.com/in/alexandru-dochioiu

Alex Dochioiu, the founder and senior software architect of VESPR Wallet, oversees the project's technical aspects. Drawing on over eight years of experience in developing safety-critical mobile applications for major financial institutions. He ensures adherence to industry best practices and navigates any technical challenges we encounter.

Vladut Stan | Engineering Manager and Senior Software Engineer

LinkedIn: https://www.linkedin.com/in/stanvladut

Vladut Stan takes care of the software development while managing the project’s lifecycle, handling resource allocation, ensuring quality assurance, and continuously refining engineering processes for maximum efficiency and innovation.

With over 9 years of expertise in handling large-scale projects catering to hundreds of thousands of daily users and a passion for well-designed products, his focus is on delivering the best and most reliable user experience, ensuring seamless performance even under heavy traffic loads.

Catalin Dinu | Software Development (Contractor)

Catalin Dinu is an experienced software developer skilled in multiple programming languages and frameworks. He excels at creating scalable and efficient solutions, delivering innovative and user-centric software that drives business success.

Claudiu Dinu | Software Development (Contractor)

Claudiu Dinu is a versatile software engineer with a track record of developing robust applications across diverse tech stacks. Focused on optimizing performance and user engagement through cutting-edge technology solutions.

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

Milestone 1 ( 2 months) : 82k ADA

Server Costs: 60 days @ 300 usd/day = $18,000

Admin and Project Management: 4 days @ 600 usd/day = $2,400

DevOps: 11 days @ 800 usd/day = $8,800