[IMPACT] Please describe your proposed solution.
Due to the lack of data rich user friendly platforms on Cardano, the community is forced to buy/sell/swap native assets with little to no real-time analysis. The main issue is that major players like Dextools and CoinMarketCap offer little to no information on native assets in the Cardano ecosystem. This seems to resemble the lack of respect that Cardano gets from the general crypto community, but TapTools is here to help change that.
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Price Data Analytics Tool:
In the market, there hasn't been a tool that allowed you to conduct accurate TA (Trade analysis) of native assets on Cardano, until TapTools stepped up. At the current state, we have integrated transaction data feeds from SundaeSwap, Minswap, and will expand to WingRiders and others DEXs in the near future. Understanding the market and getting a clear visual of asset movements is key to making informed decisions when trading. We are also planning to integrate swapping capabilities, so an individual doesn't have to navigate away from TapTools to complete a transaction. We are currently in discussions with Minswap, MuesliSwap, and Genius Yield.
Portfolio Tracker:
TapTools is creating a portfolio tracker that will enable Cardano native asset holders to connect any Cardano-based wallet and see real-time statistics/data of the assets they hold. This includes fungible tokens, non-fungible tokens, and well as LP (liquidity provider) tokens. Imagine connecting your Eternl, Nami, Gero, Flint, Typhon, and Daedalus wallets into one portfolio tracker that gives you real-time information on the performance of the assets in your portfolio. View gains/losses, specific allocations, current asset values, in addition to current floor price and trait price for your NFTs.
Token Distribution:
As a SPO or a project creator, you should have an option to add tokens into a smart contract to facilitate token distribution. Currently all token distribution platforms on Cardano are not smart contract based and are required to be custodians. This leads to SPOs and Project creators having to follow AML/KYC regulations. Smart contract based token distribution will allow any SPO or project creator the ability to facilitate their rewards with full control and exclusion of any unnecessary gatekeepers.
NFT Creator / Payment Gateway / Launchpad:
Imagine being able to generate your set of 10,000 NFTs, facilitate/customize your collection in your dashboard, have a launchpad (your own website) to display your project, and add a payment gateway to facilitate sales - all in one platform. Now imagine you want to distribute token rewards to the holders of your NFT collection. You can create a fungible token, customize the distribution configurations, and allow the holders of your project to claim these token rewards …for free - all on one platform.
There is simply no user-friendly platform on Cardano that allows project creators to create an NFT collection, mint a fungible token, and distribute tokens all on one platform.
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In conclusion, TapTools will provide data-rich access to conduct chart analysis, DEX integration to perform a "swap", a FT/NFT creation tool that will attract thousands of project creators into the ecosystem from across the world, a portfolio tracker that will give Cardano native asset holders a dashboard with full organization of all their holdings throughout various wallets, a smart contract based distribution tool for SPOs/project creators, and much more - all on one platform.
Our motto: Don't Stop Building! :)
[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.
TapTools is building a platform that will enable creators to build their projects on Cardano in a seamless manner. This will increase the amount of entrepreneurs entering the ecosystem that currently lack the development skills needed.
Our platform will empower businesses, creators, and the community as a whole with real-time accurate information on price data analytics as well as tools to build their dream project on Cardano. These tools overall will increase the likelihood that any business or entrepreneur will enter the 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?
The main risk preventing TapTools from being successful is a lack of funding. We have bootstrapped all the way up from this point from our own skin in the game, and from family and friends.
[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.
Q3 2022:
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Real-time analysis for Cardano native assets trading on decentralized exchanges. A must-use tool for any trader swapping tokens on Minswap, MuesliSwap, SundaeSwap, and others.
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A DEX aggregator integration to perform swaps and trades on TapTools.
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Up-to-date information on top moving assets, trending assets, and new assets on Cardano.
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Portfolio tracker with a wallet connector to monitor FT (fungible tokens), NFT (non-fungible) and LP (liquidity provider) tokens that you hold - all in one place.
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An easy-to-use FT creation tool that allows users to create/mint tokens with the click of a button.
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An easy-to-use NFT creation tool that allows creators to generate and facilitate the minting process of their collection, including customizable configurations that are not available anywhere else on Cardano.
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Payment gateway integration to facilitate NFT sales. This gateway will be easily embedded on any website.
Q4 2022:
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A launchpad for project creators to use as their “website” to display their collections for sale. This will be a customizable page for creators to show off their collections and allow others to purchase their NFTs. This eliminates the friction of developing/creating their own website or hiring it out.
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Smart contract based token distribution tool for project creators/SPO’s to distribute delegation rewards to their community for no unnecessary fees.
We have many plans for 2023, but we are a big believer on allowing pivots to be had in the process. To grow a great piece of software, you must have the ability to pivot.
[FEASIBILITY] Please provide a detailed budget breakdown.
Lead dev:
12+ hours everyday of hard work and dedication = $20,000
Project Management:
$20,000
Plutus Pioneer:
$8,000/month x 4 months = $32,000
Smart Contract Audit:
$30,000
Back-end Developer (1):
$2,500/month x 6 months = $15,000
Back-end Developer (2):
$2,500/month x 6 months = $15,000
Front-end Developer (1):
$2,200/month x 6 months = $13,200
Front-end Developer (2):
$2,200/month x 6 months = $13,200
UI/UX Designer:
$2,000/month x 6 months = $12,000
Digital Marketing:
$50/day (on average) x 6 months = $9,000
Creative Team:
$5,000
*We have factored in potential inflation in these figures
[FEASIBILITY] Please provide details of the people who will work on the project.
Jacob Warren - Chief Technical Officer:
<https://www.linkedin.com/in/jacob-warren-186252127/>
Alec Myers - Chief Executive Officer:
<https://www.linkedin.com/in/alec-myers-a3b045142/>
James Cadena - Chief Operating Officer:
<https://www.linkedin.com/in/james-cadena-41280a57/>
Alex Yue - Chief Marketing Officer:
Eslam Shaheer - Front End Developer:
<https://www.linkedin.com/in/eslam-shaheer-33329619b/>
Omar El Nabalawy - UI/UX Designer:
<https://www.linkedin.com/in/onabalawy/>
Toney Nasser - Director of Community Growth:
<https://twitter.com/toneycardano>
Seeking:
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Smart Contract Developer
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Back End Developer (2)
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Front End Developer
[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.
No - this funding will give us enough runway to be able to sustain our business for the next 6 months until profitable.
[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?
To maintain team organization and track progress, we utilize Trello. Trello is a flexible work management tool that empowers our team to plan, track, and accomplish our work. We organize our projects into boards, which tells us what's being worked on, who's working on what, and where something is in a process.
We will also be measuring our progress based on accounts created, page views, projects onboarded, token claims, projects created, and NFTs sold. We are currently measuring these KPI's using GA4 and Google UA, as well as a private dashboard of analytics for our team. We will continue to track these metrics on an epoch-to-epoch basis to make sure we are consistently growing and maintaining the right traction.
Each week, we will be able to provide a comprehensive view of our total analytics to support our progress, growth and success. We will also track community engagement/growth on socials to ensure a community wide presence.
[AUDITABILITY] What does success for this project look like?
Providing the Cardano community with the necessary tools to help grow our ecosystem as a whole means everything to our team.
Providing insight/data/information with the price data analytics tool enables informed and accurate trading decisions by utilizing our platform. Participants will know they are viewing live price information, experience an easy to navigate platform while conducting their research, and feel secure in their decision making when trading. We know this tool will help hundreds of thousands, if not millions of people in the near future, which will be a success.
Project Creators will be able to generate/facilitate an NFT collection with a payment gateway and launchpad within a short time frame, in an easy manner, without relying on developers. Creators will experience ultimate customization, combined with a user-friendly interface, and they will feel confident in their projects ability to succeed.
Creating an environment for a SPO or project creator to distribute token rewards using smart contracts with full control and exclusion of any unnecessary gatekeepers will be groundbreaking and much needed for our ecosystem.
Creating an elite portfolio tracker to monitor any FT, NFT, and LP tokens that you hold in any Cardano based wallet - all in one place. This allows holders to feel organized with their holdings, instead of cluttered with multiple assets in multiple wallets.
So, you're telling me I can utilize the price analytics tool and swap, create tokens, distribute tokens, track all of my Cardano wallets all on one platform, as well as create an NFT collection with a payment gateway and launchpad?
Yes - Welcome to TapTools!
Building these tools on one platform will lay the foundation to really change the game for the Cardano Community, but this is only the beginning for TapTools.
[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 an entirely new proposal.