Cardano ecosystem is exploding outward & upward. It's increasingly difficult to easily & effectively track your assets across new projects
Build a consolidated dashboard to track ADA portfolio, native tokens & NFTs across various dapps & projects that a user has integrated with
This is the total amount allocated to Cardol.io - Portfolio Tracker.
What is Cardol.io?
Cardol.io is building Cardano-focused visual portfolio tracker to enable investors to make informed, actionable decisions. It will be a singular place for investors to track their native assets, staking rewards, NFTs and DeFi products through a personalised dashboard. Insight-focused and analytics-driven, Cardol.io wants to make portfolio management in the Cardano ecosystem intuitive by design.
Why Cardol.io?
The Cardano world is busy. Busy researching, growing and challenging norms every single day. The people invested in Cardano projects are even busier. What's the most valuable thing you can give to busy people? Time. Time for community, time for growth, time for balance. Cardol.io wants to give time back to the Cardano community by removing the manual effort of tracking their Cardano assets and present insights in a visually-digestible format so that they can make decisions quickly
We believe that an informed investor is the best asset. But right now, Cardano investors are facing information overload from a smattering of sources. This doesn't lead to thoughtful, well-researched and planned moves--it leads to moves that are informed by the latest inputs of information an investor receives. The latest news is hardly the whole story. Cardol.io wants to tell the whole story and build an informed community invested in both their own portfolio performance and the network overall.
Cardol.io Planned Features:
Cardol.io Team:
Richard Huth: Full stack software engineer with 10 years experience working in the fintech and adtech startup space. EMURGO Cardano dev. https://www.linkedin.com/in/richhuth/
Michele Brooks: Data engineer and information designer with an MSc in Information Science and 6 years experience wrangling data into insights for companies in North America, Africa and Asia. https://www.linkedin.com/in/michele-brooks/
Cardol.io team are also co-founders of The DeFi Lab (TDL), a web3 startup studio based in Lisbon. Cardol.io is being built in this studio setting until it is ready to be spun out into a standalone company.
Cost breakdown:
Cardol.io is self-funded and running on caffeine at this point in time. Funding from Fund7 would go towards the end of Phase 3 and start of Phase 4 of our roadmap (Approximately 12 weeks of runway). We plan on seeking angel investment prior to the launch of our OLIO token to further supplement the project development.
Cost broken down by areas of work:
*NB: TDL is a registered startup with AWS credits of ~$10,000 which will supplement the infrastructure costs of Cardol.io's infrastructure.
Roadmap
Phase 1 - COMPLETED
Phase 2 - In PROGRESS
Phase 3 (est Q1 2022)
Phase 4 (est Q2 2022)
Phase 5 (est Q3 2022)
Definitions of success :
Project Risks
Delays. We're a small team and juggling a few projects. Being self-funded means our attention has to go to paying gigs and other admin sometimes. Fund7 would help us comfortably dedicate more time to the project.
Competitors. DApp Radar, Zapper, Zerion. All these products are live, but none include Cardano assets yet. We still think that being first to the Cardano space and being hyper focused on it to start will be our special sauce for an in-depth view of the ecosystem and trends.
Community traction. Maybe this thing doesn't take off. Community feedback has generally been good so far, but we're eager to see user stats on our beta to get a better gauge on this risk.
Additional Information
Revenue Model
Admittedly, we're in this for the love of data and blockchain, but everyone's gotta eat. So here's the business side: we're building for a freemium business model with an additional revenue stream (once we're operating at scale) from stake pool and project advertising.
Our free tier will offer portfolio tracking services for a limited number of wallets and assets. Beyond this free tier, we will offer several tiers of premium services catered to more advanced investors with a multitude of assets and wallets. Premium tiers will be available initially through staking with the Cardol.io Pool. As we grow, we'll open up options with an NFT access token or monthly subscription fee.
Beta Launch
Cardol.io's beta Portfolio is on track to launch at the end of December. This beta will be the base of our free tier of service. If you'd like to join our early beta testers, join our email list to receive word on when this opens at https://cardol.io
Community Building
Our community is going to be a key marker of our success here and while we're focused on building something cool for you folks, we'd ask that you help us build our community grassroots style. If you think this project is cool, please follow our channels and share with your friends. Share with your dogs!
Twitter: https://twitter.com/cardol_io
Medium: https://medium.com/cardol-io
Stake Pool
The Cardol.io stake pool will function in a couple different ways. First, it will be how we initially allow users to access premium features. Wallets that stake with us will unlock access to more functionality within Cardol.io (more wallets, more NFT gallery slots, more advanced analyses, etc). Think of it as a stake for service offering.
Second, our stake pool will be how we allocate a portion of our OLIO tokens through an ISPO at a later stage. Once we have our tiered freemium tiers of service laid out and we are confident in the growth trajectory of Cardol.io, we will offer an ISPO to help fund further development. Our stake pool will launch Q1 2022. ISPO scheduled for the end of Q2 2022.
OLIO Token
OLIOs will be a utility token that would be used in different ways as in to suggest and vote for new features as well as pay for premium and advanced features like predictive portfolio insights. OLIOs will be both a store of value and a participatory tool for our early adopters. **Tokenomics link coming soon
Long-term Vision
We aim to build more than just a dashboard--we want to create and connect a community of Cardano investors, delegators and projects. In order to grow and govern this community, we'll launch our own OLIO token which will eventually put the future and power of the blockchain data we display back in the hands of those who generate it.
Woof!
RH: Fullstack engineer, previously ran Cardano stakepool & currently in EMURGO Cardano dev program
MB: Information designer & data engineer