Defipronto: Cardano IDO Launchpad

[GENERAL] Summarize your solution to the problem.

Defipronto will be a Cardano focused IDO Launchpad for Cardano Native Tokens & NFTs.

Developers building on the Cardano Network can get funding and early support from a community of backers.

[GENERAL] Summarize your relevant experience.

Foreign Chemical: Founder & CEO Of Defipronto

Mili Sac: Co-Founder

[IMPACT] Please describe your proposed solution.

Our proposed solution is to develop community centric IDO launchpad where the community token holders can suggest, vote and fund any approved project. This would lead to greater adoption and onboarding new entrants into Cardano.

We will also develop an NFT launchpad for creators, artists who want to mint their Non Fungible tokens on Cardano

Defipronto also aims to be a nurturing force in the Cardano ecosystem, with Bug Bounties and community Rewards Program to increase awareness and adoption.

$DFP token holders early access and guaranteed allocation to seed rounds, presales, and private sales of new projects looking to launch on Cardano through Defipronto

Defipronto will significantly contribute to the mass adoption and luquidity generation on the Cardano blockchain.

Defipronto will work in a simple and easy to understand process.

Project Founders, Team Apply to get Funded

Defipronto DAO (DFP Token Holders) performs Due Diligence On The Project

If Approved, It's Gets Shortlisted For Incubation

$DFP token holders who are staking their tokens qualify for our tiered IDO system are guaranteed allocations to early sales of projects launching through Defipronto Launchpad.

To Protect Our Investors from Fraudulent Projects Or Developers who abandon projects, Each project that launches through our platform will allocate a certain amount of any raised funds to our insurance treasury, this will provide participants a sense of against potential project failure.

By establishing individual caps, and a fair distribution system, Defipronto protects our community backers from the risk of presale dumps. Our goal is to provide projects with a sustainable growth path, and prevent retail investors from being burned by whales selling for early profit as soon as projects hit an exchange.

Defipronto DAO Governance Token

100 Million Supply

Team: 23%

Community Rewards / Airdrop: 3%

Marketing: 6%

Strategic Round: 25%

Pre-Sale: 15%

Public Sale / Liquidity: 8%

[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.

Most Cardano Projects launching have had series of mishaps ranging from poorly audited codes to failed, centralized launches and in some cases, the developers move away with the raised funds, leaving investors to hold worthless tokens.

Who audits, explores, and chooses the right projects that are building on Cardano?

Another more sobering statistics is that an estimated $10 billion of investor funds have been stolen so far in 2021 by crypto criminals, who lure in token buyers under the guise of what appears to be legitimate crypto projects.

To many new crypto investors, these shady projects can seem indistinguishable from legitimate projects serving as viable investment opportunities.

We at Defipronto believe the industry itself bears not only the responsibility, but also the right to enact self governing measures that minimize the threat of fraudulent projects and practices, while maximizing the global and individual opportunity made possible through DeFi.

Defi-Pronto will play an active role in strengthening the industry by connecting viable projects to investors and at the same time connect investors to viable projects providing better best-practices and by enabling better user experiences which will grow & increase the adoption of the Cardano ecosystem.

[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?

Lack of funding to continue development as we have already been developing through Q2 of 2022, and we currently have a demo.

In this proposal we wish to finish the backend portion and wallet connect dection of the dApp and begin connecting our frontend to the Cardano blockchain to our User interface.

Other risks include market forces that will be as a result of lack of funding.

[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.

MVP Development Budget

• Frontend Developer ($60 per Hour 240 Hours ~$15k)
• Backend Developer ($75 per Hour 300 Hours ~$23k)
• Mobile/UI Front End Development ($40 per hour 100 Hours ~$4k)
• Smart Contract Developer ($70 per Hour 160 Hours ~$12k)

[FEASIBILITY] Please provide a detailed budget breakdown.

MVP Development ($165k)

• Develop a basic IDO platform (3 Months~$75k)
• Defipronto staking contract (2 months~$50k)
• Audit (1 Month~$15k)
• Mobile/UI Front End Development (3 months~$30k)

[FEASIBILITY] Please provide details of the people who will work on the project.

Foreign Chemical - Founder https://twitter.com/foreignchemical

Mili Sak - Co-Founder https://twitter.com/milisaK2

[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.

If we get funded, we will use the funds to develop the MVP

We might return for additional funding to allow us bootstrap our community

[FEASIBILITY] Are you or any member of your team working on any other proposals in this Fund9?

[FEASIBILITY] Are you or your team working on any other proposals from previous Funds?

[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?

The progress of Defipronto can easily be tracked and audited by interested Cardano community members as we will be making weekly development updates on our medium blog and also through our social channels up until the MVP release.

[AUDITABILITY] What does success for this project look like?

Having A Fully Working MVP which is an IDO Launchpad on Cardano mainnet

[AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.

New project, No Funding before