Detailed Plan

This proposal is a continuation of my fund 4 proposal. I am writing this proposal for additional funding to continue development post smart contract deployment. I have already started frontend development and have a working token sale smart contract deployed on the Alonzo purple testnet. I may be one of the first Plutus developers to have an actual functional token swap on Cardano. I gave a talk and walkthrough about the contract at the ADA Maker Space Hackathon: https://www.youtube.com/watch?v=9pUvyfrXbwg

The current solution for the marketplace will be a locally run react component interacting with decentralized smart contracts and a centralized solution for the market hosted at <https://www.logicalmechanism.io> This will create a decentralized solution for anyone with the node and cli to interact with the smart contracts as well as create an easy to use website version for beginners.

This funding round will secure development funds for the remainder of 2021. I want to release the alpha version of the marketplace with the deployment of smart contracts, providing basic token sale functionality with some additional smart contracts if time permits. As time goes on I will be adding additional smart contracts to the marketplace that will allow advanced token sales like auctioning and royalty payments. It will also host my Fund5 smart contracts when they are released.

I am asking for an additional 5000 USD to provide myself with rent, food, and bills for the next couple of months to ensure that I can continue to develop in the Cardano ecosystem.

If everything goes to plan, I will have a working market in 3 months with many different smart contract solutions for any type of user. Six months to twelve months I should have the most decentralized solution for token sales. I want this marketplace to be the go-to solution for completely decentralized token sales.

Below is an excerpt from my Fund4 proposal:

The marketplace is an all-in-one solution for the decentralized trading of user-made tokens. It serves as an easy entry for beginning NFT users, providing a platform for a low-floor-high-ceiling NFT market, and creates a home for advanced users due to the simplicity of design combined with the great flexibility and customization of the marketplace brings to the industry.

A marketplace without gatekeeping.

Any user may register a token with the marketplace and can start trading their token immediately. This opens a new pathway for selling tokenized objects on the internet. In theory, this means art, tickets, houses, cars, anything tokenizable, could be traded in a decentralized way without a controlling party. This is huge and makes this marketplace more than just a simple token swap.

Please refer to my fund4 proposal for additional information.

<https://cardano.ideascale.com/a/dtd/Cardano-based-Marketplace/340007-48088>