Please describe your proposed solution

Problem We're Solving

Users find it challenging to keep track of wallet activities, price movements, and changes in token supply across the growing number of Cardano assets. Managing all of this information across different platforms is time-consuming and inefficient.

Why a Telegram Bot?

We propose building a Telegram bot as a centralized, user-friendly solution where users can track multiple wallets, assets, and token stats in one place. Telegram is an accessible starting point, and we’ll build an infrastructure that can be expanded through APIs, allowing future development of additional interfaces or direct API access for users.

Solution Details

Using the indexer we've already built with ADA Markets, which tracks DEX swaps and token stats, we will create a Telegram bot that delivers real-time alerts and stats through three specific tools:

• General Alerts Channel: Instant updates on price movements, large transactions, and token events (e.g., minting or burning).
• Telegram Group Bot: Users can query the bot for live price and token data within their Telegram groups.
• Wallet Tracker: Users subscribe to receive transaction alerts for specific wallets.

This approach solves the problem of fragmented asset tracking, making it simple for users to stay informed.

Who Benefits & Why It's Important to Cardano

This solution benefits anyone in the Cardano community, from retail users tracking their wallets to token traders following market movements. By creating a streamlined, real-time tracking tool, we foster greater engagement and accessibility within the Cardano ecosystem, supporting its growth and user experience.

Please define the positive impact your project will have on the wider Cardano community

Value to the Cardano Community

Our solution will make it easy for any members of the community to track all the stats they want with regard to wallets and tokens which we think is very important. It will also allow users make more informed and up to date decisions on their portfolio with alerts about projects as well as take quick action if any unexpected txs happen in their wallets.

How will you measure this impact?

We will be able to measure the impact by the number of users of the platform and by speaking to them in our discord to get feedback and make improvements as we go

How will you share the outputs and opportunities that result from your project?

We will be able to keep track of the number of users and requests through our APIs as well as number of updates pushed to users

What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

We have already demonstrated our technical expertise by building the DEX aggregator app.ada.markets, which allows users to trade across Cardano DEXs from a single platform. This aggregator integrates directly with DEX contracts, showcasing our ability to work with complex blockchain systems and manage on-chain data interactions. Our proven experience in constructing seamless transaction workflows demonstrates that we have the technical skills required to deliver this Telegram bot project.

Additionally, we’ve built a custom chain indexer that tracks DEX orders and liquidity pools for ADA Markets. This same indexer will be adapted to support the Telegram bot’s core functions, such as monitoring wallet transactions, token price alerts, and supply changes. Leveraging this infrastructure ensures efficient tracking and real-time updates for users.

Trust & Accountability

Our team has successfully managed and delivered functional platforms like ADA Markets without upfront funding, showing that we can responsibly manage resources and deliver high-quality products. We will ensure transparency and accountability by providing regular project updates, detailed budget reporting, and open-source access to the Telegram bot's code. This ensures the project remains fully transparent and community-driven.

What are the key milestones you need to achieve in order to complete your project successfully?

Milestone 1: Milestone 1: Research and Specification Creation

Milestone outputs

• Research and determine which stats (e.g., token prices, wallet transactions, token supply changes) the bot will track.
• Create an initial specification document outlining the bot's features and the stats to be called.

Acceptance criteria

• Completed spec document listing all the details and functionalities of the bot

Evidence of milestone completion

• Completed document can be submitted

Milestone 2: Milestone 2: Build and Enhance Indexer for Stat Tracking

Milestone outputs

• Build out indexer to track the agreed-upon stats (token prices, wallet transactions, supply changes, etc.)

Acceptance criteria

• Indexer tracking all the relevant stats.

Evidence of milestone completion

• Screenshots or a video demonstrating the indexer tracking stats via command-line interactions.

Milestone 3: Milestone 3: Telegram Integration and General Alerts Channel

Milestone outputs

• Integrate the indexer with the Telegram API to send real-time notifications.
• Build and launch a general alerts channel for Cardano native assets to notify users of major events like price movements or token supply changes.

Acceptance criteria

• Successful integration with Telegram and test notifications being pushed to the general alerts channel

Evidence of milestone completion

• Access to the test channel or video evidence of notifications working on Telegram

Milestone 4: Milestone 4: Build User-Interaction Telegram Bots

Milestone outputs

• Develop a Telegram bot that users can add to a group to request the latest prices and stats on Cardano assets.
• Create a Telegram bot that allows users to subscribe to wallet transaction alerts for a specified wallet address.

Acceptance criteria

• Both Telegram bots are operational, providing accurate real-time stats and wallet alerts

Evidence of milestone completion

• Provide access to the bots or demonstrate their functionality in a recorded video

Final Milestone: Milestone outputs

• Conduct beta testing to identify and resolve any major bugs.
• Launch all three bots (general alerts, group bot, and wallet tracking bot) to the public.

Acceptance criteria

• The Telegram bots are live and accessible to all users

Evidence of milestone completion

• Bots live for everyone
• Final report and closing video

Who is in the project team and what are their roles?

The main team for this project consists of:

Paddy – Principal Engineer

With over 15 years of experience in engineering and architecture, Paddy is the lead engineer for this project. He has been a Cardano Stake Pool Operator (SPO) since 2021 and has contributed to several notable Cardano projects, including PoolPeek and ADA Markets. Paddy will oversee the technical development, focusing on the platform’s architecture and integration with Cardano DEXs. Twitter

Paul – Cardano Educator & SPO

Paul has been an SPO since 2021 and runs a popular YouTube channel focused on educating the community about Cardano and its projects. He is part of the ADA Markets DEX Aggregator team focusing on front end dev and will lead community engagement, user onboarding, and outreach ensuring the platform meets the needs of the wider Cardano ecosystem. - Twitter

With this proposal we would also look to expand the team

Please provide a cost breakdown of the proposed work and resources

Milestone Breakdown

Milestone 1: Research and Specification Creation

• Budget: 30,000 ADA
• Researching stats, finalizing the spec, and defining the structure of the bots.

Milestone 2: Build and Enhance Indexer for Stat Tracking

• Budget: 40,000 ADA
• Extending the indexer to track all relevant stats (price, wallet transactions, token supply changes).

Milestone 3: Telegram Integration and Alerts Channel

• Budget: 20,000 ADA
• Integrating the indexer with Telegram and creating the general alerts channel.

Milestone 4: Build User-Interaction Telegram Bots

• Budget: 20,000 ADA
• Building user-interaction bots for price requests and wallet tracking.

Final Milestone: Beta Testing, Bug Fixes, and Public Launch

• Budget: 10,000 ADA
• Final bug fixes from beta testing and public launch of the bots.

Overall Cost Breakdown

Infrastructure: 15,000 ADA

• Hosting, server costs, and cloud services for off-chain operations.

Backend and Frontend Development: 70,000 ADA

• Development of indexer, API integration, and bot functionality.

Testing: 10,000 ADA

• Comprehensive testing, including beta testing and final bug fixes.

Documentation & Tutorials: 10,000 ADA

• Creating user documentation, tutorials, and guides for bot setup and usage.

Project Management & Reporting: 10,000 ADA

• Ongoing project management, milestone tracking, and community reporting.

Contingency for Unknown Costs and ADA Price Fluctuation: 5,000 ADA

• Reserve for unforeseen costs and to mitigate ADA price volatility.

No dependencies

How does the cost of the project represent value for money for the Cardano ecosystem?

The 120,000 ADA budget for this project is carefully calculated to provide maximum value to the Cardano ecosystem. By building a Telegram bot that offers real-time notifications for wallet transactions, token price changes, and project stats, we will empower users to stay informed and secure in their DeFi activities. This tool will provide essential utility for both new and experienced Cardano users, improving accessibility and security in managing assets.

The costs reflect industry-standard rates for blockchain development and API integration, ensuring that the budget aligns with typical freelance and developer wages. Additionally, our team’s prior experience in building platforms like ADA Markets demonstrates that we can deliver high-quality projects efficiently, with minimal overhead.

Furthermore, once the bot is live, it will be available to all users for free, providing long-term value to the Cardano community without ongoing costs. This investment will drive user engagement, improve the user experience, and enhance security, ensuring that the budget contributes to lasting benefits for the ecosystem.