not approved

Project Verify

$25,000.00 Requested
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Community Review Results (1 reviewers)
Impact / Alignment
Feasibility
Auditability
Solution

To build a website that aggregates NFT sales history, wallet count, wallet tx history, identify if blatant wash trading is happing plus more in a easy to read report just by providing a policy ID

Problem:

Cardano scan and other tools are hard to use for new\average users. Seconded no platform shows users what red flags to look for in a NFT project or tokens.

Yes Votes:
₳ 10,040,032
No Votes:
₳ 33,882,586
Votes Cast:
196

[IMPACT] Please describe your proposed solution.

Provide easy to use tools that give the end-user statistics on wallet trading history with NFT’s to determine if growth is real or being manipulated. We will develop a website & tools to allow new or non-tech users the ability to see if "wash trading" is happening on an NFT project they want to invest/own. It will also be able to show if these wallets are doing this with other projects and test the authenticity of wallets based on patterns. By pulling on chain data & developing software & easy UI. The user will only need to provide the policy ID along side filtering through our search engines refinement process known as “Quality Assurance Processing”. Our site will not label projects scams or red flag projects but instead as described above give the user easy to use tools to decide for them self's by doing the had work for them. This will give all users a better experience in NFT community while cutting down on pump & dump projects.

[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.

  1. Create a clear set of filters to allow easy searches for beginners.
  2. Build confidence within the Cardano community and the NFT world.
  3. Encourage documenting how projects are funded.
  4. Educate curious investors on how to process information found on blockchain.
  5. Build a platform for the community to share results and allow for freedom of opinion.
  6. Create a new protocol that minimizes wash trading, and simplifies wallet credibility testing.
  7. Minimize the time required to view a projects main holders and their history in previous projects.

[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?

With the progress thus far we see that any delay within our project would be caused by server failures or losing the developers. However they are eminently involved. We have already secured the website, ADA Handel's, AWS sever and are actively pulling onchain data and developing a database and code.

[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.

Overview

  • User able to enter PID and get Data report
  • Shows how minting is going
  • How many Organic Wallets have bought in 24 Hrs./7D/30D
  • How many Organic Wallet Holders
  • Organic = Wallet over 3 Epochs and
  • How Many On Sale / Available
  • How many Top Whales are holding 25%-50%
  • Are Whales Dumping? / Whale Change
  • Later on we sell NFT Passes / Deals with NFT Projects

Phases

Phase 1:

---

Goal

  • Create an API to retrieve JPG Store Listing directly from the Cardano Block Chain, parse, store then distribute the data.
  • Create a Task-Timer System to run Task Functions/Classes at set time
  • Create Tasks & Database Scheme to gather & store data from the blockchain into a database
  • Create JPG Store Getter Task
  • data able to be parsed from saved data:
  • Average Sale Price
  • Count of Each Sale/List/Delist/Offer Sale Event
  • Wallet Holder Statistics
  • NFT/Wallet Trade History
  • Project Metadata Tasker
  • Gets all the metadata for all known NFTs in Project's NFT Database
  • Project Mint Tasker
  • Gets all NFTs Minted so far and adds them to the Project's NFT Database
  • Project NFT Offer Tasker
  • Will find all offers for a Project
  • Project Wallet Snaps
  • We will take a snapshot of all wallets and store it as a CBOR for space concerns
  • With this data we can show:
  • Wallet Holding changes in depth
  • Whale changes
  • Create a site for Proof of Concept
  • Create a site for Development and Alpha/Beta Release

Timeline

3 Months

Auditability

At the end of this phase, barring any extreme delays/bugs, we will have a functional base website. The website will have 4-7 Graphs showing pertinent NFT stats for a PolicyID in our database. Below every graph will have an explanation of how to read the graph and what data is being shown in the graph. We plan to release the site at the end of this phase or early Phase 2.

Phase 2:

---

Goal

  • API Work
  • Clone Current Taskers for CNFT, CNFTJungle, FreeRoam, and Other Market Places
  • Start working on Advanced Algorithms to find the following data per Project:
  • Mint Score
  • How has the minting been so far
  • Minting Wallets Diversity
  • Minting Wallets ADA Source (How old was the ADA they used)
  • High/Low Volume NFT Project Traits
  • Whale Account Linker W/Score
  • Link whales across multiple wallets.
  • Wallet Holders Changes
  • Original Mint Wallets
  • Original Mint Holders
  • Market Virgin NFTs (Not Sold on JPG,CNFT,ect…)
  • Market Virgin NFT Holders (Not Sold on JPG,CNFT,ect…)
  • Buyers(Sold X or 0 NFTs in total and bought > X or 0 )
  • Sellers (Sold X NFTs in total and bought < X ) who re-bought
  • Soft-Flippers (People who sold some NFTs and have more in their wallet) who re-bought
  • Hard-Flippers (People who sold all NFTs and do not have anymore) who re-bought
  • Re-buy % (% of wallets that sold then Re-Bought)
  • Flip % (% of wallets that bought then sold within 14 Days)

Auditability:

I'm not sure if we can accomplish creating Taskers for all these stats but any that we don't create will get rolled over into Phase 3. I expect to add at least 50-60% of the above API features in this time. The most important goal is the add CNFT.io stats to the database. In addition at the end of this phase, we will provide a JSON file containing data parsed and stored in our database as proof of the scripts' creation.

Timeline

3 Months

Phase 3

---

Goal

  • Start focusing and designing a UI that is clean and easy to use/understand.
  • We plan to add help bubbles all over the site and next to each chart
  • We will then do a founder's NFT Drop which will grant those holders lifetime access to the site.
  • TBD amount of ADA
  • Access to Early Closed Beta Site
  • Send feedback and suggestions that can shape the site
  • Integrate all the data we collected into charts
  • Finish any Advanced Algorithms Taskers
  • Release Closed Beta to Founders and get their Feedback
  • This closed beta will be at a separate subdomain and will include a complete UI Overhaul and more charts
  • This version is what the final product will look like.
  • We plan to keep the 1st Site open and maintained as a statistic site for those who want simplicity
  • Fix Bugs

Auditability:

At the end of this phase we should have release a Beta Platform and a NFT Drop for lifetime access to the site and advanced data. We will also be able to produce screen shots and accounts for an audit of the work done and new UI.

Timeline

3 Months

Phase 4

---

Goals

  • Release Open the Beta to the Public
  • Once we feel like the new UI is complete and we are happy with the charts/data shown we will Open the Closed Beta to the Public.
  • Some features will be locked for Founder Member but in Phase 5 Users can purchase a membership to unlock that data
  • Document Feedback and make changes
  • Fix Bugs

Auditability:

At the end of this phase, we will have another website that the public can visit to view stats. This site will have more advanced data and include a description of each chart.

Timeline

3 Months

Phase 5

---

Goals

  • Release Full Site to the Public
  • We will offer Membership plans to display more advanced data
  • And will be use for server up-keep
  • 2nd Founders Drop
  • TBD amount of ADA
  • Continue to add more Data
  • As we find more data that can be considered "premium" then we will unlock older "premium data"
  • After the 3rd NFT Drop we will start selling Monthly and Yearly Premium passes
  • Monthly TBD amount of ADA
  • Yearly TBD amount of ADA

Auditability:

We will be fully up and running and fully release. We plan to have a few more people mint Lifetime passes then we will release Monthly/Yearly Passes.

Timeline

3 Months

Basic NFT Stats and Wallet data… Alpha Wallet evaluator AI, Based on a set of criteria the ai will determine a reputation score for a wallet bas3d on TX history, sales, lists, delists, and ADA inputs

Future Plans:

Create algorithms to decide and give a score if a wallet can be linked to another wallet

Wallet Trustworthy Ranking and Reporting

We cant do anything about a bad interaction with a wallet address. But we can record it!

We will try to create an system where we can rank how trust worthy a wallet is via transactions, age, ADA inputs, and Activity.

[FEASIBILITY] Please provide a detailed budget breakdown.

$5K-$10K For Dual CPU Server or AWS Server

$6000 1 x Full Stack Developer + Staff ($500/Mo split for 1 Yr)

$3000 Marketing Budget (Advertising, Spaces, Ambassadors, and Guest Speakers)

$1000 unexpected cost

[FEASIBILITY] Please provide details of the people who will work on the project.

Joker- marketing and community building project management

David- Satcom/Baseband Background background 5yrs 25B/25S At the largest satcom hub in Europe

customer support

Chad- managed sales, and build websites, python and java coding cross chain community building/marketing

Enigma- web developer Cardano node operator 3D model UX/UI designer IT background

Yungtechboy1- Backend development Coding Languages & Frameworks: HTML, JS, React, Node, Angular, CSS, PHP, C#, C++, Java, MySQL, MongoDB

teams twitter handles

@THE_BMORE_JOKER @yungtechboy1 @Million_IQ @EnigmA_SPO @jodelChad

[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.

Once the initial setup is done our goal is to be fully self sufficient, in turn resulting in no future funding. We believe our pool reward system and Future sales will cover the cost of dapp infrastructure.

[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?

We can post weekly Script Updates/videos and Set Milestones to audit progress. The measurement will be from within the core of the team through weekly, yet most likely daily debates.

[AUDITABILITY] What does success for this project look like?

Success would be 100,000+ monthly users, a better educated community with more quality projects, and a larger percent of users getting into NFTS understanding how to use blockchain tech to DYOR.

Seeing a dramatically lower percentage of lost funds from misleading projects. Something we hope to gauge along the process.

[AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.

We see something new that the Web3 community needs, and are focused on constantly evolving the platform. This is entirely new.

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