BigBucs- Crypto Cashback Platform

[IMPACT] Please describe your proposed solution.

BIGBUC is a shop-to-earn-crypto application that facilitates a seamless shopping experience for users all across the globe with cashback that is automatically paid in crypto. The platform has its own native token $BUCS.

Staking the utility token will reward remarkable returns like APR on staked token, Buy Now Pay Later (BNPL) - decentralized credit system & NFT as rewards.

MARKET OPPORTUNITY

• The worldwide ecommerce industry is anticipated to reach $ 6.38 trillion in 2024
• The cashback is a $ 108 billion sector.
• The Global BNPL market size was valued at $ 90.69 billion in 2020 and is expected to reach $ 3.98 trillion by 2030.
• There are more than 300 million crypto users globally & over 18000 organizations accepting crypto currency payments.
• We can go live in +50 Countries

WHAT ARE WE SOLVING?

BIGBUC FEATURES

APP UI/UX

REVENUE MODEL

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

BigBucs is an idea that was planned to launch on the EVM ecosystem (especially ethereum). Konma had an opportunity to convince this venture to consider being built on the Cardano ecosystem instead. We plan to also integrate this with ADA pay. This would bring in a new set of consumers on to 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?

• If incase supportive CIP standards (cardano improvement proposal) aren't supportive.
• We will put in a proposal separately that will aid an support to mitigate this challenge.
• Scalability issues and adoption.
• Creating easy UI/UX and marketing widely across various channels.

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

Key mile stones :

Total duration: 8 months

Design phase 2 month (two sprints) : product proposal - product requirements document - Scope of work - app design - web design - smart contract design

Development phase -4 months (8 sprints)

App development - react app

web devlopment - react js/ next js

Smartcontract - plutus

Backend - node js / Haskell

Audit : - 1 month (2 sprints) - quality assurance test - testnet test - app test - smart contract audit - code audit -

Deployment 1 month (2 sprints )

[FEASIBILITY] Please provide a detailed budget breakdown.

The proposed budget is only for a POC (proof of concept ) as the budget doesn't allow us to relase a MVP. Once the poc is developed we will be able to raise more funds to work on the MVP

Beta App - 6k$

Beta Webapp - 6k

SmartContract - 8k

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

TEAM

Nilesh Lalwani (BIGBUC, CEO) - https://www.linkedin.com/in/nileshlalwani/

Mohan Doshi (Advisor) - https://www.linkedin.com/in/mohan-doshi/

Sangeet Muralidhar (Konma Labz) - https://www.linkedin.com/in/sangeet-muralidhar/

Vinay Devabhakthuni (Konma Labz) - https://www.linkedin.com/in/vinay-devabhaktuni-b642bb90/

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

The budget allotted , followed by the % we can get . It is only possible to make a poc whislt allowing ample funds for other projects on catalyst. When we do succeed with the POC, we will then be able to raise more funds in challanges such as dapps and integration, or developer ecosystem for the MVP

[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?

Kanban board of features back log list

Story points measuring

Weekly reviews with team and provide the same to the cardano community

appdownloads

no of txns

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

A successful POC, where users can download an app and buy products on Amazon or other e-commerce websites . Where any cashback provided will be given in our native token $Bucs. Users can then use this cryptoback to stake or buy products 

[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 a new proposal.