FrenBot: Simplifying Cardano Native Token Trading for Over 1.5 Billion Users on Discord and Telegram

[GENERAL] Name and surname of main applicant

Vayun Kaatyayan

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

Entity (Not Incorporated)

[GENERAL] Co-proposers and additional applicants

Sky - Twitter Profile

Jeff - Twitter Profile

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

8

[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)

FrenBot democratizes access to liquidity pool sniping, allowing all users to trade Cardano native tokens effortlessly on Discord and Telegram, levelling the playing field for everyone.

[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.”

DEX SDKs - Swap transaction building

Dexhunter API - Trade route determinism

[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

The codebase and resources developed for this project are proprietary and will not be made available to the public or open-source communities.

[METADATA] Horizons

DeFi

[SOLUTION] Please describe your proposed solution

FrenBot is a powerful tool designed to simplify the trading of Cardano native tokens on Discord and Telegram. Our solution offers:

• User-Friendly Interface: FrenBot features an intuitive interface that allows users to trade effortlessly with just a few clicks, regardless of their technical expertise.
• Liquidity Pool Sniping: The bot enables users to snipe liquidity pools, allowing them to act quickly on potential gains that are typically accessible only to those with advanced skills.
• Real-Time Notifications: Users receive immediate alerts for new token mints, liquidity pools, and significant market movements, empowering them to make informed trading decisions.
• Integration with Dex Aggregator: Utilizing Dexhunter APIs, FrenBot ensures seamless interactions with various decentralized exchanges, optimizing trading efficiency and securing the best possible prices.
• Multi-Platform Accessibility: Users can engage with FrenBot on both Discord and Telegram, making it easy to stay connected and trade on their preferred platforms.

By democratizing access to token trading and sniping opportunities, FrenBot fosters a more inclusive Cardano ecosystem, levelling the playing field for all traders.

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

FrenBot is set to enhance accessibility and transparency in the Cardano ecosystem by empowering users with streamlined trading capabilities. The existing Discord MVP has been active for 5 months, serving over 1,300 users, and showcasing a strong demand for efficient trading solutions. By levelling the playing field for all traders, FrenBot fosters a more inclusive environment where users can respond swiftly to market changes. We will measure our impact through user growth, engagement metrics, and feedback, ensuring that we continuously improve and meet the community's needs.

[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 proven track record of successfully launching and managing multiple products, including the FrenBot MVP on Discord, which has been live for the past 5 months with over 1,300 users. We’ve operated without additional funding, demonstrating our commitment and resourcefulness. To validate the feasibility of our approach, we will leverage user feedback, track engagement metrics, and continuously refine our features based on community input. Our experience and dedication ensure we can deliver a reliable, effective trading solution for the Cardano ecosystem.

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

Planning and Design for the Telegram version

• Duration: 1 month
• Outputs:
• Comprehensive design of the Telegram integration, including user interface and trading flow
• Development of a detailed project plan outlining features and functionalities specific to Telegram

Development of the Telegram version

• Duration: 2 months
• Outputs:
• Development of the frontend interface for the Telegram version
• Implementation of the backend architecture to support trading on Telegram

Testing and Optimization

• Duration: 1 month
• Outputs:
• Comprehensive testing of the Telegram version for functionality, performance, and user experience
• Optimization based on feedback and identified issues to ensure smooth operation

Public Launch

• Duration: 1 month
• Outputs:
• Official launch of the Telegram version, making it available to users
• Promotion and user onboarding to encourage adoption

Documentation

• Duration: 1 month
• Outputs:
• Complete project documentation, including user guides and technical specifications

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

Rush Labs Team:

• Vayun Kaatyayan (CEO & Project Lead)
• Twitter Profile
• Sky (Developer)
• Twitter Profile
• Jeff (Community Manager)
• Twitter Profile

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

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

Answer:

Total Budget Breakdown:

• Planning and Design: 30,000 ADA
• Development: 70,000 ADA
• Infrastructure & Third Party Service Costs: 20,000 ADA
• Testing and Optimization: 15,000 ADA
• Public Launch: 15,000 ADA
• Marketing: 10,000 ADA
• Final Documentation: 5,000 ADA
• Miscellaneous and Contingency: 10,000 ADA

Total Budget: 175,000 ADA

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

The cost of the FrenBot project represents significant value for the Cardano ecosystem by providing a user-friendly, efficient trading solution that democratizes access to Cardano native tokens. FrenBot enables seamless trading without additional costs, making it accessible to a broader audience. Our development also enhances the overall liquidity and activity within the Cardano ecosystem by attracting more traders and increasing participation. This investment fosters a more inclusive environment and contributes to the ecosystem's growth and sustainability.