Without reliable funding, the ongoing operation of the Eternl wallet is at risk. Running costs of $15000/month are draining Eternl's reserves because we do not yet have reliable funding.
We are asking the Cardano community for their vote to fund Eternl's operating costs for 6 months. This will support our current setup plus additional capacity for a growing Cardano user base.
This is the total amount allocated to Enable Eternl
Eternl's infrastructure is used by many power users. 25% of all transactions on the Cardano Mainnet are processed through our servers. We want to continue to serve the Cardano network to the best of our ability.
The proposed funds will be used to pay for Eternl's infrastructure for 6 months, for which we currently pay $15000/month.
With their vote, the Cardano community can help us cover these costs so that we will be able to continue to provide an excellent wallet experience.
Eternl extends and complements the thriving Cardano ecosystem. Our wallet has been integrated into many of the community's dapps and products.
The funds will allow us to pay for all current servers for six months. This ensures that we can continue to provide the community with our reliable multi-platform wallet.
The only risk we see is the closure of Tastenkunst, the company behind Eternl. Our company was founded in 2008 and has a small but dedicated team of developers. Eternl accounts for only half of our business and the risk of the company closing is minimal.
We will continue to operate and maintain our server infrastructure. This includes adding more servers, upgrading hardware if necessary and preparing for Cardano network upgrades/hard forks.
Eternl's server costs are currently approximately $15000 per month.
The requested amount would cover Eternl's server cost for about six months.
The team consists of Tastenkunst GmbH employees as well as freelancers.
Eternl generates ADA revenue through its TITAN stake pool as well as through the DApp Browser feature. At an ADA price of 1 EURO/ADA, the ongoing revenue would fully cover the server costs.
In June 2022, the ADA price is below 0.50 EURO, which is why we created this proposal to get the help of the Cardano community to cover the server costs in the bear market.
Finding additional revenue sources is a high priority. We cannot rule out future proposals as long as the ADA price is below 1 to 2 euros or new revenue sources have been created.
The goal of this project is to ensure the reliable operation of Eternl for its users (25% of all transactions on Cardano Mainnet are submitted through our infrastructure), i.e. synchronize accounts and submit transactions.
This goal will be successfully achieved if we can serve all users without any downtime within the six-month timeframe.
The goal of this project is to ensure the reliable operation of Eternl for its users.
This is not a continuation of an old proposal.
A large number of Cardano users utilizes the network thanks to our infrastructure. Eternl is currently serving about 45000 accounts on a daily basis, broadcasting around 25% of all Cardano Mainnet transactions through its backend.