[IMPACT] Please describe your proposed solution.
Problem Space
We have seen lot’s of Dexes and NFT marketplaces that are live on Cardano main net and hundreds of tokens trading on each platform, but there are still issues yet to be addressed
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No CNT Dedicated Analytics Platform - The Cardano Ecosystem is fast growing and more Founders are choosing to build on the Cardano Blockchain, this growth brings about new investment opportunities for the Cardano community and will require investors to DYOR on each project which might lead to gathering information from different sources which might be misleading.
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Smart Personal Wallet Finance Auditor - Just like within the Banking system where a monthly statement is sent to its customers monthly, quarterly & Yearly, there has been no Cardano Wallet Audit protocol that will analyse users wallet to self audit its incoming and outgoing transactions within each month or a set period.
Problem Solution
The Dexplore platform will be solving this issues by using different methods.
Certified Audit & Risk Assessment Score - Assets will go through Audit Certification checks and if passed will be provided with a visible verification score on the Dexplore platform, Asset contract security quality scores by risk detection e.g. locked liquidity, token mint functions, wallet holder balance, token ownership status, token transfer and trade functions, etc.
Price Analytics - The Dexplore app will have live price data feed from Multiples CEXes/ DEXes while incorporating more advanced technical analytic tools for technical traders to make more informed decisions while our AI features which will be able to analyse data from millions of sources for sentimental or fundamental analytic point of view.
Smart IDO Alert - AI powered tool which draws together and monitors aggregated metadata feeds of Cardano Initial Dex Offering platforms into a smart IDO alert system.
These will be the core foundation of the problems the Dexplore Asset Tracking and Analytics platform will solve for the Cardano Ecosystem.
[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.
Dexplore Asset Tracking & Analytics platform when fully functional will help ADA holders and investors make informed decisions for better DYOR on all Cardano native asset based on the on-chain statistics that are sourced from the asset with apis that will be interacting with the Cardano blockchain and also sourcing data from the said asset's social media handles.
Dexplore will be utilising an AI data aggregator that would give a detailed yet concise information about the any Cardano Native token.
This would make Cardano a relatively safer environment as it would be easy to checkmate shady projects and Rug-pulls
How will these resources help Cardano?
The fully developed and functional Dexplore platform will help any investor or ADA holder make informed decisions on all Cardano CNTs based on the on-chain statistics sourced from AI data aggregators and APIs interacting with the Cardano Blockchain.
Dexplore will optimize, improve and add value to the core operations of the Cardano ecosystem by providing real time on chain data analytics which will guide investors and ADA holders in making informed trading decisions.
[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 the MVP was self financed.
View MVP https://app.dexplore.io/
Given that the Cardano Ecosystem is still young, there might be lack of trusted data set for each Cardano asset. This can also be mitigated by picking the assets liquidity using Blockfrost or Tangocrypto across different DEXs using each DEX’s master LP address.
Insufficient Social Media data on some Cardano assets: Assets with little or no social media presence will be ranked poorly with a notice indicating that the project owner to fill a form and submit necessary details about the project.
We intend to finally evolve into using AI and Machine learning to automatically fill in each new project’s details and also gather public sentiment on the internet which will be critical to operate efficiently as we move toward our goals.
[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.
Total Development Time: 500 Hours
Frontend: 200 hours
Backend: 100 hours
AI Data Model Setup: 150 Hours
[FEASIBILITY] Please provide a detailed budget breakdown.
Labor Budget: $52,000
Total Hours: 500Hrs
Backend Developer - $90 Per Hour For 100 Hours $9000 (10 Hours Per Week)
Front End Developer -85$ Per Hour For 200 Hours $17000 (15 Hours per Week)
AI Machine Learning - $120 Per Hour For 150 Hours $18000
UI/UX Designer: $60 Per Hour For 50 Hours $3000
Blockfrost API - $2000
Hosting & Infrastructure: $3000
Total: $52,000
The project has been self funded to date and will require further funding to deliver a fully functional Asset Tracking and Analytics Platform.
[FEASIBILITY] Please provide details of the people who will work on the project.
Ethernal ADA: (Dexplore Founder) Ethernal ADA has been in the crypto space and has been a part of some major EVM based projects, he is also a part of another project currently being developed on the Cardano Blockchain.
https://twitter.com/Ethernal_ADA
[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.
The funding requested will finish up development of the Dexplore platform as the project has been self funded to the MVP.
Additional funding maybe required but highly unlikely.
[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?
The development would be broken down in milestones with each milestone which can be verified by the public and we will also be making regular progress updates through our social media platforms.
We will also report directly to Catalyst.
[AUDITABILITY] What does success for this project look like?
Successful Dexplore V1.0 on the Cardano mainnet with the ability to display in depth details about any Cardano asset shwoing relevant and crucial onchain and off chain details in a single interface.
[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 brand new project