TapTools: Free Wallet Insights for Token Trades

[GENERAL] Name and surname of main applicant

Alec Myers

[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

269000

[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)

We will offer free access to wallet insights for recent token trades, allowing users to analyze market activity and make smarter, more informed trading decisions on Cardano.

[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

This feature is part of TapTools’ proprietary offering, and it will remain closed source to ensure the integrity of our platform and protect our unique product features.

[METADATA] Horizons

DeFi

[SOLUTION] Please describe your proposed solution

Our solution provides free access to wallet insights focused on recent token trades, addressing the lack of transparency for users who are not subscribed to our Wallet Profiler feature. By offering these insights for free, we empower the broader Cardano community to make more informed trading decisions, improving accessibility to key data within the ecosystem.

This solution is aimed at traders, analysts, and any Cardano user seeking deeper visibility into wallet-level activity. Currently available to TapTools Pro users, these insights can enhance ecosystem transparency by being made freely accessible to a wider audience, providing greater accessibility and trust within the community.

We will measure impact through increased user engagement, community feedback, and the resulting improvements in trading decision-making. By making these analytics freely available, we strengthen the Cardano ecosystem by encouraging more informed and strategic participation.

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

Our project will positively impact the Cardano community by offering free access to wallet-level insights, enabling users to make more informed decisions when trading tokens. This will empower traders, analysts, and users of all experience levels to better understand market dynamics and wallet behavior, fostering a more knowledgeable, informed, and engaged community.

We will measure the impact using quantitative metrics, such as the number of users accessing the insights, the frequency of feature usage, and qualitative feedback gathered from social media and community channels.

Results and learnings will be shared with the wider community through regular updates on TapTools, social media platforms, and Cardano-focused forums. By providing this feature for free, we aim to promote greater transparency and trust in the ecosystem, benefiting everyone who interacts with Cardano’s DeFi landscape.

[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 team has a solid history of developing and delivering trusted products for the Cardano ecosystem, such as the TapTools platform, which has become the go-to data tool for many users. We are highly experienced in building secure, scalable solutions that integrate seamlessly with Cardano's blockchain, and our community-driven approach has consistently resulted in positive feedback and widespread adoption.

To ensure the delivery of this project with the highest levels of trust and accountability, we will leverage our established development pipeline. Additionally, we maintain clear communication with our user base and are responsive to feedback, ensuring that our solutions meet real-world needs.

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

Unlocking Free Access to Wallet Insights for Token Trades

A: Milestone output: Update the TapTools platform infrastructure to unlock wallet insights for recent token trades. This includes modifying the user access permissions to make this specific feature available for free, while maintaining the full Wallet Profiler suite as Pro feature. Additionally, ensure that the free feature operates seamlessly with the existing platform architecture and is accessible across all devices.

B: Acceptance criteria: Successful deployment on the mainnet, allowing any user to access wallet insights for token trades without requiring a PRO subscription. The functionality must be stable, with no negative impact on the overall performance of the platform.

C: Evidence of milestone completion: Public announcement of the free feature release, accompanied by data from users accessing the feature (showing active use).

User Engagement and Feedback Collection

A: Milestone output: Launch a targeted engagement campaign to introduce the free wallet insights feature, encouraging users to explore and provide feedback. This will include community updates, social media announcements, and an educational guide on how to use the new feature.

B: Acceptance criteria: Collection of user feedback through multiple channels, including community discussions on Discord and X (formerly Twitter). Additionally, tracking engagement metrics such as feature usage rates and time spent using the wallet insights tool.

C: Evidence of milestone completion: Report detailing user feedback, feature usage statistics, and insights gathered from the community. This report will help refine and optimize the feature based on real-world user experience.

Platform Monitoring and Performance Validation

A: Milestone Output: Ensure the wallet insights feature continues to operate seamlessly after release. Conduct ongoing performance monitoring and validation to confirm that the feature is stable and works as intended without any interruptions or degradation in platform performance.

B: Acceptance Criteria: The wallet insights feature remains fully functional without any major performance issues or bugs. This will be confirmed through ongoing internal testing and automated performance monitoring tools.

C: Evidence of Milestone Completion: Confirmation from the internal team that the feature is stable and accessible to users, along with brief usage data showing consistent engagement with the free feature.

Marketing and Community Outreach

A: Milestone Output: Create and distribute marketing materials, including videos and graphics, to promote the free wallet insights feature across social media platforms. Additionally, publish an article on Medium and X to raise awareness and encourage user adoption.

B: Acceptance Criteria: The marketing campaign is executed successfully, ensuring the free wallet insights feature is promoted through videos, graphics, and published articles. Community engagement and platform visibility are confirmed through interactions on social media and general user feedback.

C: Evidence of Milestone Completion: A report summarizing the marketing campaign, including published content on Medium and X, as well as social media metrics such as views, impressions, engagement, and interactions. The report will capture user engagement data and community reactions based on these measurable stats.

Project Close-out Report and Video

A: Milestone Output: Complete a detailed project close-out report and accompanying video, summarizing the project’s progress, outcomes, impact, and use of funds.

B: Acceptance Criteria: The report and video are submitted to Catalyst, offering a comprehensive overview of the project’s achievements and providing transparency on how the funds were allocated and utilized.

C: Evidence of Milestone Completion: Public release of the close-out report and video to the Catalyst community, ensuring open access and transparency for all stakeholders.

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

Alec Myers

CEO of TapTools

https://www.linkedin.com/in/alec-myers-profile/

https://twitter.com/cardano_tools

Jacob Warren

CTO of TapTools

https://www.linkedin.com/in/jacob-warren-186252127/

https://twitter.com/_jacobwarren

James Cadena

COO of TapTools

https://www.linkedin.com/in/james-cadena-41280a57/

https://twitter.com/jamescadeen

Alex Yue

CMO of TapTools

https://www.linkedin.com/in/alex-yue1/

https://x.com/Alex_ADA_

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

We are requesting 269,000 ADA to cover the development, deployment, and ongoing support for the free Wallet Insights feature. Below is the detailed cost breakdown:

Cloud, Storage, and Infrastructure Costs

Description: Hosting fees, server scaling, and cloud storage required to manage user traffic and data processing. Includes infrastructure security and maintenance to ensure platform stability and reliability.

Cost: 184,000 ADA

Development and Feature Integration

Description: Unlocking the wallet insights feature for free access, including backend adjustments, performance optimizations to handle higher user loads, and necessary security audits and testing.

Cost: 50,000 ADA

Marketing and Community Engagement

Description: Creation and distribution of minimal marketing materials such as social media announcements and educational guides to promote the new feature.

Cost: 3,000 ADA

User Support and Feedback Collection

Description: Handling user inquiries, providing support, and gathering feedback, with minimal staff allocation.

Cost: 3,000 ADA

Contingency Fund

Description: Reserved for any unforeseen cloud, infrastructure, or development costs that may arise during the project’s execution.

Cost: 29,000 ADA

Total Project Budget: 269,000 ADA

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

The 269,000 ADA request represents excellent value for money by delivering a crucial tool to the Cardano ecosystem at no cost to users. The feature we are offering—free wallet insights for token trades—is typically part of our premium service, but this proposal aims to subsidize the costs to make it freely available to the entire Cardano community.

The bulk of the budget is allocated to cloud, storage, and infrastructure costs, which are necessary to handle the increased user load and data processing without compromising the platform's performance. These expenses are in line with industry standards for maintaining a secure, scalable platform.

Development costs cover the backend adjustments needed to unlock this feature, ensuring a seamless integration into our existing system. The marketing and user support budgets are kept minimal, as we focus primarily on creating content and engaging directly with our community.

By making this feature free, we are enabling more users to access valuable insights without the need for a Pro subscription, which ultimately promotes broader participation and transparency in the Cardano ecosystem. This approach not only adds value to the community but also strengthens the ecosystem’s growth.