Zing: Lightning Speed Wallet Watcher on Cardano

[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)

6

[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)

Zing enables real-time tracking of multiple Cardano wallets, instantly notifying users via Discord/Telegram about any wallet activity & token movements, enhancing transparency & investor awareness.

[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

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

Analytics

[SOLUTION] Please describe your proposed solution

Zing tackles the challenge of tracking real-time activities across Cardano wallets, including transactions by project teams and large stakeholders like whales. As of now, users find it hard to stay updated on key wallet movements, which can result in missed opportunities and less transparency.

Zing solves this by offering a fast, real-time tracking system that monitors multiple Cardano wallets and sends instant notifications to users via Discord or Telegram. It relies on the Cardano Node for transaction data and uses third-party APIs for portfolio valuation, ensuring smooth performance even if the node faces interruptions.

Currently, our MVP is live on Discord, and we’re refining this version with minor improvements, like better notification labeling and displaying wallet balances. We’re also expanding to Telegram, providing the same real-time updates for users on their preferred platform.

By keeping users in the loop, Zing helps investors and community members make informed decisions and track significant activities more easily. This increased transparency and engagement will contribute to a stronger and more informed Cardano community.

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

Zing enhances transparency within the Cardano community by providing real-time notifications on wallet activities and token movements. With over 2 million notifications delivered to 1,200 users in the last 7 months, Zing keeps users updated and empowers investors to make informed decisions quickly. We measure impact through user growth, and the volume of notifications sent, ensuring continuous improvement and relevance to 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, successfully launching and managing Zing’s MVP on Discord without any additional funding. In just 7 months, we delivered over 2 million notifications to 1,200 users, demonstrating our ability to build and maintain a reliable real-time notification system.

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

Optimizing MVP version

• Duration: 1 month
• Outputs:
• Enhanced notification labeling, including support for all missing DApp activities
• Display updated wallet balance after each transaction

Planning and Design for Telegram version

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

Development of Telegram version

• Duration: 2 months
• Outputs:
• Development of the frontend interface for the Telegram version
• Implementation of the backend architecture to support real-time notifications and wallet tracking

Testing and Optimization

• Duration: 1/2 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: 1/2 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

Total Budget Breakdown:

• Planning and Design: 20,000 ADA
• Development: 50,000 ADA
• Infrastructure & Third Party Service Costs: 20,000 ADA
• Testing and Optimization: 10,000 ADA
• Public Launch: 10,000 ADA
• Marketing: 10,000 ADA
• Final Documentation: 5,000 ADA
• Miscellaneous and Contingency: 10,000 ADA

Total Budget: 135,000 ADA

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

The budget of 135,000 ADA for the Zing project offers great value for the Cardano ecosystem for several reasons:

1. Boosting Transparency: Zing provides real-time notifications about wallet activities, helping users stay informed and make better decisions. This kind of transparency is essential for building trust within the community. In an ecosystem where trust is paramount, Zing acts as a beacon of clarity, empowering users with knowledge and fostering a more confident and engaged Cardano community.
2. Wide Reach: Zing isn't just for individual investors; it's designed for project teams and stakeholders too. By keeping everyone updated on significant transactions, it encourages more active involvement and informed decision-making across the board.
3. Cost Efficiency: Unlike many other blockchains where users pay weekly for similar services, Zing offers a unique solution tailored to the Cardano ecosystem for free! There's currently no comparable product in Cardano, making our offering even more valuable.

In short, the funding for Zing will enhance user experience and engagement, making the Cardano community more informed and connected. It's a solid investment in the ecosystem's growth and sustainability.