Real-Time Trading and Alerts for all token pairs on Cardano

[Proposal setup] Proposal title

Please provide your proposal title

Real-Time Trading and Alerts for all token pairs on Cardano

[Proposal Summary] Budget Information

Enter the amount of funding you are requesting in ADA

78700

[Proposal Summary] Time

Please specify how many months you expect your project to last

8

[Proposal Summary] Translation Information

Please indicate if your proposal has been auto-translated

No

Original Language

en

[Proposal Summary] Problem Statement

What is the problem you want to solve?

Cardano traders lack a secure Telegram bot for convenient trading and real-time price tracking, limiting speed, safety, and adoption.

[Proposal Summary] Supporting Documentation

Supporting links

• https://github.com/Tech-Expansion/tex-trading-bot-poc
,
• https://www.texblabs.com

[Proposal Summary] Project Dependencies

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

Yes

Describe any dependencies or write 'No dependencies'

This project depends on the Minswap SDK, which is essential for fetching on-chain liquidity.

[Proposal Summary] Project Open Source

Will your project's outputs be fully open source?

No

License and Additional Information

Open source parts of the project at a later date.

[Theme Selection] Theme

Please choose the most relevant theme and tag related to the outcomes of your proposal.

DEX

[Campaign Category] Category Questions

Describe what makes your idea innovative compared to what has been previously funded (whether by you or others).

While similar trading tools exist on other blockchains, Cardano lacks a widely adopted Telegram bot for real-time tracking, alerts, and trading. Our innovation focuses on speed, accuracy, and reliability, with instant pool updates via a high-availability syncer and secure private key handling that empowering users to act faster and safely, filling a critical gap in the Cardano ecosystem.

Describe what your prototype or MVP will demonstrate, and where it can be accessed.

Our MVP is a Telegram bot demonstrates real-time token price tracking, instant alerts for price and wallet activity, and trading via Minswap SDK. It’s very easy to access, users just search for the bot’s username on Telegram, follow the instructions, and start using it to track tokens, receive notifications, and execute trades in real time.

Describe realistic measures of success, ideally with on-chain metrics.

In the first month after deployed on testnet environment, we commit:

• 50+ unique wallets using the bot to trade, track tokens or receive alerts.
• 500+ alerts triggered for price changes or whalve wallet activity.
• 200+ trades executed via the bot (test or real transactions).

[Your Project and Solution] Solution

Please describe your proposed solution and how it addresses the problem

Problem We're Solving

Users in the Cardano ecosystem currently lack effective tools to monitor every token prices, receive alerts, and execute trades quickly. As a result, they often miss opportunities or fail to act in time due to the absence of real‑time notifications or automation.

Why a Telegram Bot?

We all know that Telegram is one of the most widely used platforms among crypto communities. So, build a bot on Telegram is reasonable and feasible, it enables:

Instant alerts on price or wallet activity.

Simple command interface for queries.

Trading execution without the need for a complex UI.

Solution Details

We will build a Telegram bot that integrates with the Minswap SDK to provide 3 main features:

1. Alerts: Notifications on price spikes, percentage changes, liquidity shifts, and large (whale) wallet transactions.
2. Tracking: Real-time tracking of token pairs and access to historical performance.
3. Trading: Ability to execute market and limit orders via pre-configured wallets (CIP-30 integration).

In addition, our team will address key technical challenges to ensure performance and security:

1. Pool Syncer: Run a high-availability syncer to extract data from newly created pools immediately, ensuring token pair prices are captured as soon as they appear on Cardano for the fastest possible trades.
2. Private Key Security: Implement secure handling of wallet private keys using RSA encryption to protect sensitive user data and signing operations.
3. System Reliability: Build a fault-tolerant backend with failover mechanisms to guarantee service continuity even under high load or unexpected failures.

We know this idea might not be completely new, especially on other blockchains, but on Cardano, there’s no widely adopted trading bot yet. Our focus is on making it fast, reliable, and secure, filling that gap so users can track prices, get alerts, and trade in real time without missing a beat.

[Your Project and Solution] Impact

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

Who Benefits and; Why It's Important to Cardano

We’re building this for everyday traders and community members who want faster, smarter ways to interact with Cardano DeFi. Whether tracking prices, setting alerts, or placing trades, this bot makes it simple and accessible right inside Telegram, where people already spend their time.

For Cardano, this goes beyond just another trading tool. It drives real usage across DEXs, boosts liquidity, and demonstrates how DeFi on Cardano can be both powerful and user-friendly. By lowering the barrier for retail traders, we create more on-chain activity, more engaged users, and stronger network effects that will contribute a significant growth of the ecosystem.

Impacts

Our bot lets traders and community members act faster and more confidently with real-time price tracking and alerts. For instance, getting notified instantly if a token spikes or a whale moves a big amount. It also helps users participate in DeFi more safely by sending timely alerts about wallet activity or liquidity changes.

By making trading accessible and transparent for retail users, it drives more on-chain activity, deeper liquidity, and stronger network effects, strengthening the Cardano ecosystem overall.

Value to the Cardano Community

Users get real-time, actionable insights for tracking tokens and making trading decisions. Timely alerts help them respond quickly to market opportunities or risks. The bot is user-friendly and accessible, encouraging broader participation in Cardano DeFi via Telegram.

In practice, users can check the bot in Telegram, see current trends and historical performance, and execute trades securely that showing Cardano’s potential for fast, reliable, and safe decentralized trading experiences.

[Your Project and Solution] Capabilities & 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?

Proven Capability

TEX Labs has a strong track record in the Cardano ecosystem, achieving awards in scientific research competitions, hackathons, and organizing workshops/community events. These activities have built trust and provided direct insights into user needs.

Team Competence

The core team consists of three key members with projects funded in Funds 11, 12, and 13. Each member brings over 5 years of software development experience, more than 2 years of experience in developing and operating Cardano Blockchain infrastructure, and over 4 years in full-stack software development (microservices, clean architecture, database optimization, caching, message brokers). The team is proficient in Haskell/Plutus, Rust, Aiken, and modern frontend/backend technologies. They have successfully delivered multiple Cardano projects implementing CIP-25, CIP-30, and CIP-68, ensuring high reliability in real-world environments.

Feasibility Validation

We build for the real needs of the community. The roadmap begins with an MVP focused on critical “user jobs,” followed by rapid iterations with public releases and open demos. Success metrics are clearly tracked (active users, processed transactions, latency, error rates) and refined based on feedback.

Transparency & Accountability

We adopt an open-source development approach from the start:

• A PoC has been created to demonstrate our capability: https://github.com/Tech-Expansion/tex-trading-bot-poc
• Regular progress updates (bi-weekly or monthly) with direct changelogs
• Milestone-based delivery with verifiable outputs before moving to the next phase
• Transparent financial reports with spending tied to each milestone

With a community-driven design, disciplined engineering, and transparent operations, TEX Labs is ready to deliver the project with reliability and accountability.

[Milestones] Project Milestones

Milestone Title

Research and Specification Creation (4 weeks)

Milestone Outputs

1. A workflow document includes workflow diagrams, data flows, and component specifications.
2. A document for a security plan includes key lifecycle, encryption method, and recovery process.
3. System design with failover, and monitoring tools.

Acceptance Criteria

1. A workflow document (at least 6 pages) including updated architecture, key components, and rationale.
2. A detailed specification describing inputs, outputs, and dependencies for each feature.
3. 3 levels of C4 model diagram that maps all system components and system flows.

Evidence of Completion

1. A PDF of the technical specification document uploaded to GitHub repository.
2. A PDF of the wallet key management security plan.
3. Approved design diagrams in project GitHub.

Delivery Month

1

Cost

7675

Progress

10 %

Milestone Title

Build syncer service (8 weeks)

Milestone Outputs

1. Deployed syncer service that detects and captures new token pairs in real-time.
2. Real-time price storage with queryable API endpoints.
3. Documentation describing API usage and system performance.

Acceptance Criteria

1. Syncer detects and stores new pools within <120 seconds of creation on Minswap.
2. API endpoints return token stats with <1 second average query time.
3. Documentation includes endpoint specs, request/response examples, and test coverage.

Evidence of Completion

1. Demo video showing syncer capturing a newly created pool.
2. PDF API documentation with examples and performance notes.
3. Test report covering sync speed, API latency, and data accuracy.

Delivery Month

2

Cost

22250

Progress

40 %

Milestone Title

Summary Preparation and Multi-Signature Flow

Milestone Outputs

1. Telegram bot module for executing market and limit orders via Minswap SDK.
2. Telegram build-in alert delivering notifications for price spikes, liquidity shifts, and whale movements.
3. Security layer for encrypted private key handling using RSA.

Acceptance Criteria

1. Users can place trades on Minswap preprod environment directly through Telegram.
2. Alerts delivered with <3s delay in 95% of test cases.
3. Security audit (manual code review + automated scan) confirms private key never leaves encrypted state.

Evidence of Completion

1. Demo video of Telegram bot executing test trades.
2. Demo video of alert test showing triggered events (price spikes, percentage changes,...) and timestamps.
3. Security review report uploaded in PDF.

Delivery Month

3

Cost

26812

Progress

80 %

Milestone Title

Beta Testing, Bug Bounty, Testnet Launch, and Final Reporting (8 weeks)

Milestone Outputs

1. Public beta release of the Telegram bot on Cardano testnet with real users.
2. Bug bounty program launched to detect vulnerabilities.
3. Marketing campaign on TEX community channel (intro video on Youtube, blog post on X, Telegram and Facebook fanpage) to attract testers and promote adoption.
4. Final project report including user feedback, performance metrics, and community adoption insights.

Acceptance Criteria

1. At least 100 beta users participate in testnet.
2. At least 20 users participate in the bug bounty contest.
3. Marketing campaign reaches at least 15,000 impressions across social platforms, with minimum 1000 community interactions (likes, comments, shares, sign-ups).
4. The final report includes quantitative metrics, project values, and marketing outcomes.

Evidence of Completion

1. Public testnet release of Telegram bot with verified trading and alert functions.
2. Bug bounty findings published with fixes applied, including summary of vulnerability categories.
3. Screenshots/links of marketing activities with analytics.
4. Final report uploaded with statistics such as: on uptime, latency, number of users, tester feedback, and marketing outcomes.

Delivery Month

2

Cost

18175

Progress

100 %

[Final Pitch] Budget & Costs

Please provide a cost breakdown of the proposed work and resources

Milestone 1: Research and Specification Creation (4 weeks)

• Tasks: Research Cardano/Minswap SDK, design technical architecture, security plan, system design for failover.
• Resources:
  • 01 Solution Architect/Project Manager: 120 hrs × $30/hr = $3,600
  • 01 Senior Developer: 120 hrs × $22/hr = $2,640
  • 01 Business Analyst: 120 hrs × $18/hr = $2,160
  • Documentation & tooling costs: $500
• Subtotal: $8,900 ~ 11,125 ADA

Milestone 2: Build Syncer Service (8 weeks)

• Tasks: Develop and deploy pool syncer, implement API endpoints, real-time price API, write documentation, performance testing.
• Resources:
  • 02 Senior Developers: 2 × 240 hrs × $22/hr = $10,560
  • 01 DevOps Engineer: 120 hrs × $22/hr = $2,640
  • 01 Quality Assurance: 140 hrs × $15/hr = $2,100
  • Infrastructure (servers, monitoring tools for 6 months): $2,500
• Subtotal: $17,800 ~ 22,250 ADA

Milestone 3: Trading and Alert Functionality (12 weeks)

• Tasks: Build Telegram bot trading module (market + limit orders), implement alert, add RSA private key security, testing & security audit.
• Resources:
  • 02 Senior Developers: 2 × 250 hrs × $22/hr = $11,000
  • 01 DevOps Engineer: 100 hrs × $22/hr = $2,200
  • 01 Quality Assurance: 250 hrs × $15/hr = $3,750
  • 01 Project Manager: 150 hrs × $30/hr = $4,500
• Subtotal: $21,450 ~ 26,812 ADA

Milestone 4: Beta Testing, Bug Bounty, Testnet Launch, and Final Reporting (8 weeks)

• Tasks: Public beta release on testnet, run bug bounty, marketing campaign (YouTube video, blog posts, X/Twitter, Telegram, Facebook), collect feedback, final report.
• Resources:
  • 01 Software Engineer (bug fixing, improvements): 120 hrs × $22/hr = $2,640
  • 01 Quality Assurance: 280 hrs × $15/hr = $4,200
  • 01 Project Manager: 120 hrs × $30/hr = $3,600
  • 01 Marketing Specialist: 140 hrs × $15/hr = $2,100
  • Bug bounty rewards fund: $2,000
• Subtotal: $14,540 ~ 18,175 ADA

Total Budget: $62,690 = 78,700 ADA

Exchange rate: 1 ADA = $0.80

[Final Pitch] Value for Money

How does the cost of the project represent value for the Cardano ecosystem?

We believe this project brings strong value for money to the Cardano ecosystem. With just 78,700 ADA, we’re delivering a complete toolkit with monitoring, real-time alerts, and automated trading which all inside Telegram, an app millions of people already use every day.

Instead of building another complex app, we focus on being simple, practical, and accessible. We also leverage the Minswap SDK and build our own indexers, we cut costs, move faster, and avoid pricey third-party tools as much as possible.

This isn’t just a one-off bot. The indexer, alert system, and trading engine are reusable modules that can support other Cardano bots down the line. We design with scale in mind, so thousands of users worldwide can benefit. And we’re not starting from scratch. Our team knows Cardano nodes, Minswap SDK, Telegram API, and distributed cloud systems. We’ve already tested the idea at a small scale and it works, and now it’s time to bring it to the next level.

In short, we are building something practical, affordable, and impactful as a solution that strengthens Cardano’s ecosystem today and opens the door for even greater innovation tomorrow.

[Required Acknowledgements] Consent & Confirmation

Terms and Conditions:

Yes