TosiDrop Cross-chain Development

[IMPACT] Please describe your proposed solution.

TosiDrop is an all-encompassing token distribution platform on Cardano and Ergo. We have already implemented v1.3.1 of the claiming platform on Cardano and have conducted several airdrops on Ergo. TosiDrop ensures that projects are able to distribute their tokens seamlessly on both Cardano and Ergo which allows projects to easily be widely distributed, and thus, more decentralized.

Projects no longer have to worry about how they are going to distribute project tokens to their community supporters.

Utilizing TosiDrop, projects can seamlessly distribute tokens to community members by:

1) Directly airdropping tokens to a list of community member addresses; or

2) Allowing community members to claim tokens via a vending machine-style mechanism.

This will ensure projects have the ability to either directly airdrop tokens to their community members or allow their community members to claim tokens via the vending machine.

This cross-chain solution will provide the tools necessary to seamlessly distribute project tokens to their community members, thus optimizing a wide distribution and facilitating decentralization.

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

TosiDrop contributes to cross-chain collaboration because it allows tokens to be distributed on both Cardano and Ergo. This should also encourage projects to build on both Cardano and Ergo, similar to TosiDrop, which has cTOSI for Cardano and eTOSI on Ergo, which together are 90% allocated for public distribution and 10% allocated to core developers.

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

The main risk would be not having the run rate to continue development as we look to continue building on TosiDrop v1 and adding features to create a more well-rounded experience to our community. As far as development and marketing capabilities, we feel confident in our ability to deliver in these aspects as we have been able to launch on Cardano mainnet, servicing thousands of claiming transactions, and successfully airdropping over 20k addresses on Ergo. Additionally, we have been able to grow a strong social media following as well as a strong pipeline for future clients to onboard.

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

Roadmap:

• Release Cardano mainnet (completed) --> Q2 2022
• Add TosiFee (revenue fee in that will benefit all holders of cTOSI and eTOSI) --> Early Q3 2022
• Release direct Cardano airdrops --> Q3 2022
• Release direct Ergo airdrops --> Q4 2022
• Release Ergo vending machine --> Q1 2023
• Release Cardano vending machine running fully on smart contracts --> Q2 2023
• Release full dApp running on smart contracts --> Q3 2023

[FEASIBILITY] Please provide a detailed budget breakdown.

There are currently 8 members of the team. $2,000/month would allow them to comfortably focus on development and continue adding features to TosiDrop, which is to the benefit of all cTOSI and eTOSI holders with the 90% public allocation. This comes out to about $16k/mo and would ensure development progress of at least 10 months. This would provide enough time to fully implement all features that we would like to implement, including direct airdrops on Cardano and Ergo, along with claiming via vending machine-style on both Cardano and Ergo.

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

Each of our core developers can be found on our Twitter account (@tosidrop) under "Following."

The core developers include @cardanoapexpool @otg_wcat @seal_pool @bbhmm_stake @cscs_pool, @fireferrot2901, and @877psbyte6.

Apex works on the scripts to calculate number of tokens that should be sent to each wallet. Seal works on the backend, and Ferrot work works on the frontend. OTG, BBHMM, CSCS, and PSBYTE focus on DevOps and infrastructure.

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

Yes. In order to complete our full vision of TosiDrop, which is a platform that completely operates on smart contracts and allows anyone the autonomy to set the parameters for distributing their token, we will apply for more funds to conduct security audits on the smart contracts.

We believe the current proposed amount of funds will allow us to continue development for at least 10 months and implement all facets of the platform related to direct airdrops and vending machine-style airdrops.

[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?

Roadmap:

• Release Cardano mainnet (completed) --> Q2
• Add TosiFee (revenue fee that will benefit all holders of cTOSI and eTOSI) --> Early Q3
• Release direct Cardano airdrops --> Q3
• Release direct Ergo airdrops --> Q4
• Release Ergo vending machine --> Q1
• Release Cardano vending machine running fully on smart contracts --> Q2
• Release full dApp running on smart contracts --> Q3

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

A token distribution platform that allows projects to seamlessly distribute their tokens in flexible ways on both Cardano and Ergo to achieve maximum decentralization. We are hopeful within a year we can have the token dispensing fully running on smart contracts which will allow anyone to distribute tokens as they please.

TosiDrop can also serve as a hub for projects that want to carry out governance votes on the platform.

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

This is not a previously funded proposal.