[IMPACT] Please describe your proposed solution.
When investors buy gold dollars or euros at different times, they have difficulty in calculating their profits and losses instantly. Usually, they use excel for this but it still remains complicated as there are multiple trades over multiple times. Also, these investors are not willing to make investments like Cardano.
Our application will make a kind of financial profit and loss calculation. Investors will be able to enter the gold, dollar, euro, bitcoin, and Cardano they bought at different times. They can enter what value, and how much they buy. They will be able to see instantly how much and at what rate of profit and loss they have made separately for each of them with the financial algorithms that we will write.
At first, our aim is to make more gold, dollar and euro investors use this program for their own calculations. When they enter the program, there will be Bitcoin and Cardano options besides gold, dollar, and euro options. They will also be able to find articles about Cardano. In this way, we will meet and introduce gold, dollar, and euro investors with Cardano.
In order for the application to reach more people, we will also make a website for advertising purposes. We will also carry out advertising activities.
[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.
Our Fianancal app will be completely legal as it will only contain financial calculations and articles about Cardano and not give investment advice. With this legal financial application, we will introduce Cardano to investors who are not interested in coins.
[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
In order for the application to reach many people, good advertising activities should be organized. It will not be good for few people to use it.
[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.
In the 1st and 2nd months;
Determining the financial calculations to be used in app.
The application will be written by the programmer.
In the 3rd month;
Creating a website for the promotion of the application and organizing advertising activities.
Writing articles for Cardano and adding them to the application and site.
[FEASIBILITY] Please provide a detailed budget breakdown.
For Creating app
Personnel Budget:5000
50 USD/hr * 100 hrs
Creating website
Personnel Budget:5000
50 USD/hr * 100 hrs
Writing 4 articles
Personnel Budget:3000
750 USD per article
Advertising activities 3000 USD
TOTAL: 16000 USD
[FEASIBILITY] Please provide details of the people who will work on the project.
I will handle the financial calculations. I took finance classes and i am very well educated in math.
Our software developer will undertake the application and site creation and advertising. He has experience in making applications.
We will also get help to print an article.
[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.
It doesn't seem like it will be needed at the moment.
[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?
We can easily measure how many people have downloaded the application. We can measure how many of those who enter Cardano data and how many read Cardano articles.
[AUDITABILITY] What does success for this project look like?
We hope to introduce cardano to gold, dollar and euro investors who do not want to invest in coins.
[AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.
Totaly new project