Last updated a year ago
ISPOs are a popular and unique way of raising funds on Cardano but require technical setup and knowledge to query user staking data and calculate against it for rewards & distribution.
A plug-and-play ISPO dashboard that queries data from the blockchain on a particular stake pool(s) to run against reward ratios to determine a delegate's earned ISPO rewards.
This is the total amount allocated to CardanoPress: ISPO Dashboard.
Any project that is looking to distribute its tokens and/or raise funds by operating a stake pool will be able to do so using our plugin.
If requires very little technical knowledge to be able to set up a WordPress website, install the required plugins and configure it to be able to get started.
Once a website administrator has installed the plugin, they simply need to set the parameters in regards to the number of rewards that will be distributed per ADA delegated and the start and end dates of the ISPO.
The plugin will calculate the delegate's rewards based on their staking history per epoch and display it accordingly on the website.
From a delegate's point of view, we have created an integrated wallet DApp connector that allows a user to delegate directly from the website.
A delegate can also quickly connect their wallet or paste in their stake key to check their rewards directly on the website.
Project owner benefits from being able to provide a good user experience for their delegates of their project and delegates benefit from the ease of use and a streamlined user experience in terms of staking and ISPO rewards.
The solution will become a turn-key solution for projects that want to run an ISPO or a token distribution platform based on stake pool delegate.
This ties deeply into the Cardano ecosystem, makes it easy for project owners to start their projects and helps with adoption bringing new users to the ecosystem.
The plugin relies heavily on the Blockfrost API to communicate with the Cardano blockchain.
Each project will require API keys to be able to use the platform.
Since Blockfrost is a private company providing the service, they can limit, restrict and increase prices for usage of their platform and service.
To help mitigate
Phase 1: Gather feedback from the community on BETA
Phase 2: Organise and prioritize tasks for the final stable version
Phase 3: Development
Phase 4: Testing and feedback against use cases and tasks
Phase 5: Stable version for deployment
The team's hourly rate is $150 an hour.
User testing: 16 hours $2400
Development: 24 hours $3600
UI/UX design: 16 hours $2400
Administration: 8 hours $1200
Total budget breakdown: $9600
Peter Bui - Project owner and creator
Gene Torcende - WordPress & API Developer
Martina Kocian - UI/UX Designer
Karlo Ilanos - WordPress Developer & Frontend Developer
We have worked as a core team at PB Web Development for over 6 years.
If we are funded, we will return for additional funding in the future.
As of now, the project isn't fully monetised, and we have no way of sustaining the development of the core product.
As Cardano evolves and more projects and ideas come to market, we will need to continuously develop and grow core CardanoPress to cater to market needs.
We will come back with new proposals as market conditions warrant.
The final goal of having the stable version, v1.0.0, will be the final goal for the proposal.
Progressive milestones can be measured as we progress through the stages to reach the final stable version of the plugin.
The project's success will see projects install the plugin on their WordPress-based websites and run Initial Stake Pool Offerings via the websites.
Since users must have a Cardano native wallet, we should see more new users create wallets and delegate to ISPO related pools, moving from exchanges to stake and earn these new tokens from projects that run ISPOs.
This is an entirely new project and proposal not relating to any in a previous Fund.
NB: Monthly reporting was deprecated from January 2024 and replaced fully by the Milestones Program framework. Learn more here
The CardanoPress team have been building website tools & plugins for the Cardano ecosystem, creating a suite of plugins to help anyone build interactive DApps that connect to Cardano.
Our BETA version has been released with a live version being used for the GoKey ISPO.