BANGK: Merging Traditional Finance with DeFi Solutions

[GENERAL] Name and surname of main applicant

Jean-Michel Richeton

[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)

7

[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)

BANGK will create a user-friendly platform that integrates DeFi with traditional finance, enabling secure tokenization of ethical investments while fostering transparency, trust, and community.

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

Yes

[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.”

BANGK relies on partnerships with organizations for security audits (e.g., Certik), legal compliance support, and collaborations with ethical financing companies for project sourcing.

[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

N/A

[METADATA] Horizons

DeFi

[SOLUTION] Please describe your proposed solution

Our proposed solution, BANGK, addresses the integration of finance, DeFi, and tokenized assets by creating a user-friendly platform that simplifies access to decentralized financial services. We recognize the significant barrier that the current lack of accessible interfaces poses for everyday users, especially in underserved markets. Our approach focuses on designing an intuitive platform that allows individuals and businesses to manage their digital assets seamlessly and securely. By leveraging advanced blockchain technology, we aim to provide a transparent environment for transactions while ensuring that all users can navigate the platform regardless of their technical expertise. Our solution uniquely emphasizes inclusivity and education, which are crucial for fostering user confidence and engagement in the DeFi space. We plan to measure our impact through user adoption rates, feedback, and successful tokenized transactions. BANGK will not only benefit individual users seeking financial independence but also empower businesses looking to tokenize their assets. This initiative is vital for Cardano, as it promotes the adoption of decentralized finance and enhances the ecosystem's diversity. Ultimately, our project aligns with the broader mission of financial empowerment and inclusivity within the blockchain space. Through BANGK, we aim to transform the financial landscape and facilitate broader participation in the digital economy.

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

BANGK will positively impact the wider Cardano community by promoting financial inclusion and accessibility to decentralized finance (DeFi) solutions. Our platform will empower users—especially those in underserved markets—to engage with digital finance through an intuitive interface, fostering greater participation in the Cardano ecosystem. We will measure our impact quantitatively by tracking user adoption rates, transaction volumes, and the number of tokenized assets managed through our platform. Qualitatively, we will gather user feedback and conduct surveys to assess the overall user experience and satisfaction. Sharing our outputs and opportunities will be a priority; we will publish regular updates through community channels, including social media, forums, and community events, to keep stakeholders informed and engaged. Additionally, we plan to collaborate with local organizations and educational institutions to conduct workshops and training sessions, ensuring that knowledge about our platform and DeFi is disseminated widely. By driving awareness and adoption of BANGK, we aim to enhance the overall value of the Cardano community, fostering a more robust and diverse financial ecosystem that aligns with Cardano's mission of inclusivity and innovation.

[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 possesses a strong foundation in blockchain technology, finance, and project management, equipping us with the necessary capabilities to deliver BANGK successfully. Led by Jean-Michel Richeton, our CEO, who has extensive experience in financial services and technology, we have a proven track record of developing and managing innovative projects. Our diverse team includes experts in blockchain development, UX design, and community engagement, ensuring that we can create a user-centric platform that meets the needs of our target audience.

To validate the feasibility of our approach, we will conduct thorough market research, analyze user needs, and assess the technical requirements for integrating DeFi solutions within our platform. Additionally, we plan to engage with industry experts and potential users through focus groups and surveys to gather insights that will inform our development process.

To manage funds with high levels of trust and accountability, we will establish clear financial protocols, including regular audits, transparent budgeting, and milestone-based funding releases. We will share our financial reports and progress updates with stakeholders to maintain transparency throughout the project lifecycle. Furthermore, our commitment to community engagement and feedback will ensure that we remain aligned with the needs of the Cardano ecosystem, reinforcing our accountability to both users and funders.

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

Milestone 1: Integration of BANGK onto Cardano

• Description: Successfully integrate the BANGK platform onto the Cardano blockchain to enable seamless transactions and smart contract functionalities.
• Planned Activities: Conduct technical assessments, develop smart contracts, test integration, and ensure compliance with Cardano protocols.
• Expected Duration: 1 month
• Budget Allocation: 15,000 ADA

Milestone 2: Obtaining Licenses

• Description: Secure necessary licenses and regulatory approvals to operate legally and ensure compliance within targeted markets.
• Planned Activities: Identify regulatory requirements, prepare and submit applications, and engage with legal advisors to facilitate the licensing process.
• Expected Duration: 2 months
• Budget Allocation: 32,500 ADA

Milestone 3: Launch of the MVP

• Description: Develop and launch the Minimum Viable Product (MVP) of the BANGK platform, showcasing essential features for initial user feedback.
• Planned Activities: Finalize platform development, conduct beta testing with a selected user group, and implement feedback to enhance user experience.
• Expected Duration: 3 months
• Budget Allocation: 45,000 ADA

Final Milestone: User Acquisition and Engagement Metrics

• Description: Achieve a target of 100,000+ subscribers and maintain 25,000+ monthly active users and 3,000+ daily active users within one year post-app launch.
• Planned Activities: Develop and implement marketing strategies, monitor user engagement metrics, and optimize platform features based on user feedback.
• Expected Duration: 1 month
• Budget Allocation: 45,000 ADA

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

Jean-Michel Richeton - CEO - https://www.linkedin.com/in/jm-richeton-446802177/ - Chairman of the Seven Group - serial entrepreneur and CEO for 15+ years, business angel for 15+ startups

Sébastien Garcia-Romeu - Chief Technical Officer - https://www.linkedin.com/in/s%C3%A9bastien-garcia-romeu-4145b9125/ - 10 years of experience in tech startups and leadership - 3 years in fintech - Passionate Crypto trader

Raphaël Garcia-Romeu - Chief Product Officer - https://www.linkedin.com/in/rapha%C3%ABl-garcia-romeu-484167168/ - Master Degree in Psyhcology (Master) + 3 years of thesis in Psychology - 10 Years in digital product conception (4 years in crypto/web3 digital products) - 8 years in startups 

Serge Bourron - Administrative and Financial Director - https://www.linkedin.com/in/serge-bourron-1b44001/ - Master of business administration international finance & strategy, 25+ years of experience in financial management, specializing in corporate finance, audit, and legal structuring. Extensive background in managing growth plans, raising funds, and leading financial transformations across various industries, including hospitality and energy.

Danièle Entringer - Financial Controller - https://www.linkedin.com/in/daniele-entringer-73590660/ - Master of business administration, 15+ years of experience in financial management and control across various industries, including pharmaceuticals and technology, with expertise in budget management, financial reporting, and internal controls.

Elodie Algrain - Chief Design Officer - https://www.linkedin.com/in/elodie-algrain-5a293a136/ - 6 years UX/UI Designer in the fields of innovative projects, fintech/crypto, responsible design, product development, etc.

Florent Sadek - Partnership director - https://www.linkedin.com/in/florent-sadek-78864277/ - License in Industrial Production Management, 10+ years of experience in procurement, logistics, and partnership management, specializing in strategic supplier relationships, continuous improvement, and product sourcing in technical and industrial sectors.

Jordan Martinelli - Lead Frontend Developer - https://www.linkedin.com/in/jordan-martinelli-1376a824a/ - 4 years in Frontend-development and start-ups

Olga Avierina - Ethical Researcher https://www.linkedin.com/in/olga-avierina/ - PhD in social philosophy. 10+ years social management research, 15+ years educational projects, 2+ years in digital marketing

Adam Akeb - Backend Developer - https://www.linkedin.com/in/adam-akeb-12b991266/ - Professional Certification in Web and Mobile Web Development (Bac +2) - Professional Certification in Web/Mobile Application Design and Development (Bac +3) - Certification in DevOps and Infrastructure Systems - 1+ year in backend development

Livio Orsi - Legal Researcher - https://www.linkedin.com/in/%E2%9A%96%EF%B8%8Flivio-daniel-o-a3a07627b/ - Doctor of Juridical Sciences, previously worked as an Administrator at the Directorate of Judicial Services in Monaco, specializing in international criminal assistance and legal education, with 10 years of experience in the legal field.

Ophélie Roquet - Marketing Strategist - https://www.linkedin.com/in/oph%C3%A9lie-roquet-a2671b150/ - Master marketing and commerce, 5 years in B2B Marketing 360° and Sales, Strategy analysis and company launch

Vincent Berthier - Blockchain Developer - https://www.linkedin.com/in/vincent-berthier-05539552/ - PhD in Stochastic Optimization & Genetic Algorithms, 2-year Postdoc in DNA Analysis using AI, 3 years developing altimetry measurement analysis tools for agencies like CNES, NASA, EUMETSAT, 1+ year of Solana Blockchain Development

Luke Costelloe - Frontend Developer - https://www.linkedin.com/in/lukecostelloe/ - 4 years as full stack developper

Zhichao Ni - Frontend Developer - https://www.linkedin.com/in/zhichaoni/ - 2 years web development, 7 years business development + project management in E-commerce, SaaS, Start-ups

Fadwa Fadhloun - Company Law - not on Linkedin - Master Degree in Law science - 4 years' experience as a business lawyer in law firms and companies.

Alexandra Hypolite - General Accounting -

https://www.linkedin.com/in/alexandra-hypolite-974b8926b/

Corentin Cadieu - Web 3 Advisor & Serial Entrepreneur - https://www.linkedin.com/in/corentincadieu/

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

1. Integration of BANGK onto Cardano Blockchain

• Cost: 20,000 ADA
• Description: Development of smart contracts and integration of the platform onto the Cardano blockchain.
• Resources Needed:
• Blockchain Development Tools: 5,000 ADA
• Professional Services (Consultants for integration): 10,000 ADA
• Testing and Quality Assurance: 5,000 ADA

2. Launch of the ICO

• Cost: 30,000 ADA
• Description: Conducting an Initial Coin Offering to raise funds and increase awareness.
• Resources Needed:
• Marketing Campaign: 15,000 ADA (includes social media, PR, and community engagement)
• Legal and Compliance Services: 10,000 ADA
• Platform Development for ICO: 5,000 ADA

3. Launch of the MVP (Minimum Viable Product)

• Cost: 35,000 ADA
• Description: Launching the MVP to gather user feedback and improve functionalities.
• Resources Needed:
• Development Team: 20,000 ADA
• User Testing and Feedback Mechanism: 5,000 ADA
• Documentation and Reporting: 10,000 ADA

Final Milestone: Achieve User Growth Targets

• Cost: 40,000 ADA
• Description: Focused on acquiring a subscriber base and maintaining user engagement post-launch.
• Resources Needed:
• Ongoing Marketing and Community Engagement: 20,000 ADA
• Monitoring and Analytics Tools: 10,000 ADA
• Support Services and Maintenance: 10,000 ADA

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

The BANGK project’s total budget of 125,000 ADA represents a strategic investment aimed at enhancing the Cardano ecosystem through an innovative financial solution. Each cost component has been carefully calculated based on industry standards and the unique demands of the project. A significant portion of the budget is allocated for professional services, including blockchain development and legal compliance, which are crucial for ensuring regulatory adherence and operational efficiency. Marketing and community engagement efforts will receive approximately 35,000 ADA, essential for attracting users and building a vibrant community around the platform. Development costs for the Minimum Viable Product (MVP) are also in line with typical expenses in the tech industry, emphasizing the importance of delivering a quality product that meets user needs. By prioritizing these areas, the project aims to gather valuable feedback and refine its offerings. The long-term benefits of this investment will not only enhance the BANGK platform but also contribute to the overall growth of the Cardano ecosystem. The project's financial allocations ensure transparency and accountability, thereby fostering trust among stakeholders. Ultimately, the BANGK project seeks to deliver substantial returns on investment, benefiting both users and the broader Cardano community.