ERC-* smart contracts conventer

Cardanians.io has teamed up with Tatum.io and together we are able to deliver a standardized converter from Ethereum-based ERC-* smart contracts to the Cardano-based smart contracts. There are many standardized ERC-* tokens, most known is the ERC-20 standard representing FT - fungible tokens. We will create one REST API endpoint at Tatum, which will convert existing Ethereum ERC-20 FT to the Cardano-compatible ERC-20 FT. All parameters like name, supply, etc. will be preserved. By this, we can convert any ERC standard token to the Cardano.

Problem Statement

Presently, there is no tool in the Cardano ecosystem, which will enable a smooth and fast transition from EVM based blockchains and Smart Contracts into Cardano. Also, learning a new language for writing Smart Contracts in Cardano is hard, and it will take time for the newcomers to get used to it.

The solution to the Problem

We want to build a standardized converter from Ethereum-based ERC-* smart contracts to the Cardano-based smart contracts. There are many standardized ERC-* tokens, most known is the ERC-20 standard representing FT - fungible tokens. We will create one REST API endpoint at Tatum, which will convert existing Ethereum ERC-20 FT to the Cardano-compatible ERC-20 FT. All parameters like name, supply, etc. will be preserved. By this, we can convert any ERC standard token to the Cardano.

Relevant Experience

Tatum is an open-source middleware that helps developers to become a blockchain developer. Any developer can become a blockchain developer in a couple of hours instead of months/years. Tatum was founded almost four years ago and currently supports more than 20 blockchains/tokens, and more are to come in the next months. Tatum helps developers build blockchain apps without any previous knowledge of the blockchain. To achieve that, Tatum creates dozens of pre-built features and functionalities, making the development much more uncomplicated.

Detailed Plan

Tatum will add Cardano as another supported blockchain in the platform. This will enable any developer to work with Cardano and use it in its apps.

After adding Cardano and Cardano to announce Smart Contracts support, Tatum will create a REST API converter.

Tatum is an API platform. It has multiple open source tools like libraries for different languages (JavaScript, Java/Kotlin, and more to come), CLI tool, custom Key Management System, or Middleware API for even more comfortable developer experience. All these tools will be enhanced with Cardano and Converter functionalities.

Purpose of using funds

Add Cardano to the Tatum and reach out to the developers, who currently do not use it as its first-choice blockchain.

Create educational materials, blog posts, marketing initiatives, etc. to attract more developers.

Work on the online simple 1 API-call Smart Contract converter.

Specific goals

Our main goal is to make the Cardano development community bigger. More developers mean more apps and more significant adoption.

Most of the devs use only standard ERC-* tokens with no custom additions, so they do not need to spend months learning the new language and findings bugs in their contracts. Our Converter will save a lot of time and money for the devs and the teams.

Funding

We are seeking 260k ADA for the following tasks:

• Add Cardano to the Tatum Platform - 20 000 ADA
• Infrastructure and operational costs of running Cardano nodes, development and testing on-chain - 30 000 ADA
• Create Converter logic - 100 000 ADA
• Add to the Tatum Platform API - 30 000 ADA
• Add to the open-source libraries and tools - 50 000 ADA
• Marketing and educational materials, blog posts, etc. - 30 000 ADA

Timeline

There are two stages of the project:

1. Add Cardano support to the Tatum Platform within 30 days following receipt of funds

2. Create Converter - 45 days after the main-net launch of the Smart Contract support in Cardano

260000