We will build a site where user can purchase V-Preca with tokens such as ADA. Users can purchase V-Preca using the tokens they own, and by issuing a real card, they can make payments at VISA member stores in Japan.

[GENERAL] Name and surname of main applicant

Masato Kato

[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)

6

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language

Yes

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

Slash Payment is a decentralized and non-custodial payment gateway that enables merchants to accept any type of tokens as payment while receiving the same transaction in their preferred stable token. 

[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.”

The launch of USDA scheduled to be Oct 2024 which will be an integral component.Many users tend to purchase V-Preca using stablecoins, and it's expected that most transactions for Slash Payment on Cardano will be made with USDA. As the number of active users holding USDA increases, so too will the number of users utilizing Slash Payment on Cardano.

[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

While our project is not open source, we are open to collaborating with other projects.

[METADATA] Horizons

Payments

[SOLUTION] Please describe your proposed solution

Using Slash Payment on Cardano, we will build a site where you can purchase V-Preca with tokens such as ADA. Merchant onboarding is super simple, without any KYC required. Dapps and EC sites can use our API by simply logging in with their crypto wallet, selecting the sales receipt settings from stable coins, and issuing a contract.We will link Cardano with the crypto payment market to support mass adoption.

・Reference:How to use Slash V-Preca SHOP(Japanese)

https://medium.com/p/399441d3f0fc/

We plan to support various wallets, including Trust Wallet, and are considering introducing Slash Payment on Cardano to e-commerce sites worldwide. Payment fees are expected to be less than 1%, and we are also planning to develop a function that allows you to set exchange margins for each service.

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

・Token holders on Cardano in the Japanese market will be able to use their tokens for everyday payments.

・Marketing on SNS using crypto payments will increase the attention of the 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?

Our team has over two years of experience in business development and possesses the capability and expertise to list tokens on platforms like Bybit and Gate.

Since launching in October 2022, Slash Payment on EVM has enabled over 4,000 merchants to seamlessly accept various tokens across any network as payment, processing more than $180 million in transactions.

We aim to create a society where smooth value transfer is possible through crypto payments, and we plan to actively continue our development in the crypto market.

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

◼︎Month 1: Foundation and API Development

Objectives:

• Establish a solid foundation for blockchain integration and begin API development.
• Start designing the user interface and database schema.

Key Activities:

• Blockchain
• API Development
• Create an API for executing payments from users to merchants via SlashPay.
• Develop an API to retrieve data from the smart contract for payment status display.
• Smart Contracts
• Design and implement a smart contract that accepts payments from users.
• DID Verification
• Begin designing an identification mechanism using an NFT pattern.
• Conduct initial DID development and testing.
• Design + Frontend
• Design
• Start designing the UI components for the Cardano-based payment process.
• Outline different payment result statuses in the design.
• Add-ons
• Begin designing the schema for the database.
• Outputs:
• Functional APIs for payment execution and status retrieval.
• Initial version of the smart contract.
• Draft designs for the UI components and payment statuses.
• Database schema design outline.

◼︎Month 2: Smart Contracts and Wallet Integration

Objectives:

• Complete smart contract development and enhance wallet integration.
• Define data structures for payment processing.

Key Activities:

• Blockchain
• Smart Contracts
• Complete development of the smart contract and begin internal testing.
• DID Verification
• Continue development and testing of the DID identification mechanism.
• Data Structure for Components
• Define the expected data to be sent by the redeemer (user) and issuer (merchant).
• Outline the statuses of payments and where to include them in the architecture.
• Design + Frontend
• Frontend Development
• Implement the UI for the Cardano-based payment.
• Start developing UI components for displaying different payment result statuses.
• Add-ons
• Begin designing the cronjob that will scan the smart contracts and save all completed payments in a database.
• Outputs:
• Completed and tested smart contracts.
• Working UI for Cardano-based payment implementation.
• Defined data structures for payment processing.
• Initial version of the cronjob design.

◼︎Month 3: Frontend Integration and Testing

Objectives:

• Finalize frontend development and ensure robust API integration.
• Implement wallet functionality and test the overall system.

Key Activities:

• Blockchain
• API Development
• Finalize the APIs and ensure they are robust and secure.
• Wallets
• Implement functionality to query users' wallets and display token balances in the UI.
• Design + Frontend
• Frontend Development
• Complete implementation of the UI for different payment result statuses.
• Integrate the payment execution UI with the backend APIs.
• Add-ons
• Develop the receipt payment email functionality based on the payment status.
• Finalize the database schema design and begin implementing it.
• Outputs:
• Fully integrated and secure APIs.
• UI displaying wallet token balances and payment statuses.
• Receipt email functionality implemented.
• Completed database schema ready for deployment.

◼︎Month 4: Final Integration and Deployment

Objectives:

• Ensure all components are integrated and functional.
• Conduct thorough testing before deployment.

Key Activities:

• Blockchain
• Oracle and Reference Script Design
• Design and implement the oracle and reference scripts for data passing (from contract to user, to merchant, to UI).
• Testing
• Conduct thorough testing of smart contracts, APIs, and wallet integrations.
• Design + Frontend
• Final UI Adjustments
• Refine the UI based on user feedback and testing results.
• Ensure that all components are functioning correctly across devices and browsers.
• Add-ons
• Finalize the cronjob implementation and integrate it with the database.
• Perform a final review and testing of all functionalities before deployment.

◼︎Month 5:Marketing Execution

• Launch campaigns on X, focusing on:
• Daily posts about product features and user testimonials.
• Threads discussing the advantages of using Slash Payment on Cardano.
• Utilize Discord for community engagement:
• Create channels for user feedback and support.
• Host live AMAs (Ask Me Anything) to discuss the application and answer questions.
• Promote on Telegram by:
• Sharing educational resources and guides on using the platform.

◼︎Month 6:Ongoing Marketing Engagement

• Continue user engagement on X:
• Share user stories and updates about new usecase.
• Retweet relevant crypto news and engage with the community.
• Keep the Discord community active:
• Regularly post updates and engage in discussions.
• Host contests or giveaways to encourage participation.
• Maintain Telegram updates:
• Encourage user discussions and feedback collection.

We plan to hold a community event in Japan to engage directly with users of the Cardano ecosystem, alongside our system and business development teams. Let’s all celebrate this six-month effort!

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

Project Lead:

+) Tokio Nakamoto

Solution Architecture

+) Ray Takahashi

Software Engineers:

+) Toshiyumi Maeda

+) Takumi Saito

+) Dat

Marketing:

+) Gakuto Matsuo

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

Estimated Project Duration: 6 Months

Estimated Budget: 

◼︎Dev:$66,000

Blockchain $30,000

Frontend $5,000

UX/UI $2,500

DevOps $4,000

QA $6,000

PM $14,000

Add-ons $4,500

◼︎Biz: $20,000

In addition to the detailed initiatives outlined below, we also plan to hold community events in Japan within this budget.

Building Brand Awareness and Customer Acquisition ($10,000)

1. Localization ($1,000)
2. Awareness: Localize our brand messaging to resonate with Japanese culture and values.
3. Marketing: Invest in translating marketing materials and websites to attract a broader audience.
4. Partnerships and Collaborations ($2,000)
5. Awareness: Increase visibility through partnerships with reputable local businesses.(ex:Life card)
6. Marketing: Ppromote services with partners, utilizing shared advertising budgets for maximum impact.
7. Marketing Strategies ($4,000)
8. Awareness: Utilize digital platforms(X, Discord etc) to reach a wider audience and build brand recognition.
9. Marketing: Implement a targeted campaign focusing on crypto payments, highlighting benefits and promotions.
10. Education and Awareness($2,000)
11. Awareness: Establish ourself as a thought leader by providing educational resources on crypto payments.
12. Marketing: Host webinars or workshops and promote them through social media and local channels.
13. Customer Feedback($1,000)
14. Awareness: Show that we value customer input by publicly addressing feedback and making improvements.
15. Marketing: Use testimonials and case studies in your advertising to showcase satisfied customers.

Marketing and Advertising ($10,000)

1. Social Media Campaigns ($2,000)
2. Awareness: Share engaging content and promotions on Twitter, Instagram, and LINE platforms.
3. Customer Acquisition: Run ads specifically designed to capture leads and encourage sign-ups.
4. Influencer Partnerships ($5,000)
5. Awareness: Collaborate with local influencers to expand your reach and credibility.
6. Customer Acquisition: Use influencer promotions to direct followers to your payment services.
7. Content Marketing ($2,000)
8. Awareness: Produce valuable content that informs and engages potential users.
9. Customer Acquisition: Use content to guide users through the benefits and how-tos of crypto payments, leading them to sign up.
10. Email Marketing ($1,000)
11. Awareness: Send newsletters that highlight company updates and industry news.
12. Customer Acquisition: Include special offers and incentives in your emails to encourage new sign-ups.

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

・Create new business opportunities

Slash brings new value and innovative solutions to the Cardano ecosystem through crypto payments. Together, we can create business opportunities in Japan and other Asian markets.

・Use cases for using ADA

We are able to approach new users in the SVL ecosystem, and through the V-Preca SHOP, we also provide a payment method for users who have previously held ADA etc.

・Strategic business development

The budget will be used for strategic business development in the Asian market. More effective promotion of Slash on social media will further develop the Cardano ecosystem.