[IMPACT] Please describe your proposed solution.

Currently, despite the benefits of cryptocurrencies such as high security, fast transactions, and convenient international payments, the adoption and integration of cryptocurrency payment systems into e-commerce platforms still face significant challenges.

To address this issue, we propose the following solutions:

• Build a Web 2.0 Integrated Payment Gateway API: We will create a payment gateway API that will allow users to make payments in ADA cryptocurrency. This will bring convenience to users and enhance the acceptance and use of digital currencies.
• Enhance user introduction and education: To alleviate concerns and build trust among users, we recommend intensifying user introduction and education about the safety and benefits of digital currencies. Through educational programs and marketing campaigns, users will gain a better understanding of the buying and selling process and the security of digital transactions.
• Partner with prominent e-commerce platforms: To boost the adoption of digital currencies, we propose establishing partnerships with major e-commerce platforms. By integrating digital currencies into their payment systems, users can easily shop and make payments using digital currencies on popular e-commerce platforms.
• Align with regulatory and financial safety requirements: To ensure compliance with regulations and instill confidence in users, we suggest close collaboration with financial regulatory authorities and adherence to financial safety rules. This ensures that digital currency transactions on e-commerce platforms are conducted in accordance with legal requirements and regulations.
• Enhance technological integration: We propose improving technological integration and upgrading the digital currency payment system on e-commerce platforms. By leveraging advanced technologies and adopting new solutions such as blockchain, transactions and payments with digital currencies on web 2.0 platforms will become faster, more secure, and more convenient.
• By implementing these solutions, we aim to make digital currency transactions on e-commerce platforms more convenient and widespread, benefiting both users and businesses.

This API will be a fantastic tool to attract a new customer base for online shopping platforms. By integrating this payment gateway into their websites, they will create a unique selling point and appeal to a large number of users interested in using cryptocurrencies on the Cardano Blockchain platform.

With this API, online shopping websites can leverage the potential of digital currencies and attract a new customer segment, including those who are interested in cryptocurrency technology and want to use cryptocurrencies for online shopping. This will help businesses capture emerging trends and expand their potential market.

This API will bring the most benefits to online shopping platforms. Marketplaces or trading platforms will gain a tremendous number of customers from different blockchain platforms and experience significantly higher profitability compared to platforms that do not have integrated payment gateways

[IMPACT] How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

The proposed solution provides Cardano with a payment gateway for ADA, addressing the challenge of transitioning technology from the web2.0 to web3.0 platform. The solution encourages more people to participate in the Cardano ecosystem.

The benefits that this solution brings to the Cardano ecosystem are as follows:

Transparency and trust: Building trust within the community by allowing users to use the Cardano wallet and verify every transaction for authenticity. This transparency encourages participants to feel secure when choosing this payment method.

Community collaboration: This solution increases the number of participants in the Cardano ecosystem by increasing the number of Cardano wallet users, transactions, minted assets, and positive feedback about the ecosystem.

Laying the groundwork for web3.0 development: Facilitating the transition of technology from the web2.0 platform to web3.0, making it easier to adopt web3.0 features.

Enhanced adoption: Attracting more developers and entrepreneurs to build on Cardano. The ease of setting up and integrating the payment gateway into their platforms enhances the platform's applicability for token creation, thereby expanding the Cardano ecosystem.

Overall, the proposed solution brings transparency and trust when using the Cardano wallet, and the potential for increased user adoption in the future. This sets the foundation for a stronger Cardano ecosystem.

[IMPACT] How do you intend to measure the success of your project?

We will measure the success of my project:

• Number of payments is executed on payment gateway
• Number of platforms web 2.0 integrate our payment gateway on its
• Number of updates, new features
• Community feedback
• Number of positive reviews

With the contribution of our project to the community, we hope the community grows more and more actively.

[IMPACT] Please describe your plans to share the outputs and results of your project?

Sharing Outputs and Results:

To effectively share the outputs and results of our project, we have developed the following plans:

Release:

We will release the crypto payment gateway built on the Cardano blockchain and make it easily accessible to merchants and users. The gateway will be made available for integration into e-commerce platforms and point-of-sale systems, allowing businesses to accept payments in Cardano (ADA) and other Cardano-based tokens.

Documentation:

Comprehensive documentation will be created, providing detailed information about the purpose, features, and functionalities of the crypto payment gateway. This documentation will include step-by-step instructions on installation, configuration, and utilization of the gateway. Examples of commands and interactions with the Cardano blockchain will also be included to guide users.

Source Code Repository:

We will set up a dedicated source code repository on platforms like GitHub. The repository will contain the well-documented and organized source code of the crypto payment gateway. This will enable developers and contributors to review, contribute, and provide feedback on the project.

Online Platforms and Communities:

We will actively engage with relevant online platforms and communities to share our project's outputs and impact. This includes joining Discord developer communities, blockchain-related forums, and Cardano-specific channels. We will introduce the crypto payment gateway project, share updates, and invite users to try it out. Gathering feedback and addressing user queries will be a priority.

Demonstration:

Visual materials such as screenshots and screen recordings will be created to demonstrate the functionalities of the crypto payment gateway. These materials will be shared on social media platforms, forums, and other relevant channels to attract attention and engage with potential users. This will provide an opportunity to gather feedback and generate interest in the project.

Using Results for Further Research and Development:

The results generated from the project will be utilized for future research and development activities in the following ways:

Enhancing Functionality: Feedback and insights from users and stakeholders will guide us in identifying areas for improvement and enhancing the functionality of the crypto payment gateway. This will involve refining user experience, optimizing transaction speed, and expanding compatibility with other blockchain networks.

Scaling and Adoption: The results obtained from the project will help us analyze scalability options and identify strategies to promote wider adoption of cryptocurrency payments. This may involve exploring partnerships with additional merchants, integrating with other payment gateways, or expanding support for more cryptocurrencies.

Security and Privacy: The project's results will contribute to ongoing research in ensuring the highest levels of security and privacy for cryptocurrency transactions. By analyzing and addressing potential vulnerabilities, we can improve the overall integrity and trustworthiness of the payment gateway.

By sharing our project outputs through various channels and utilizing the results for further research and development, we aim to create a positive impact, foster innovation, and contribute to the growth of cryptocurrency payments on the Cardano blockchain.

[CAPABILITY/ FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability?

The project will deliver the following outputs:

1. Integrated Payment Gateway: When users purchase items on Web 2.0, they will have the option to pay with ada and tokens in their wallets, instead of using traditional payment methods like bank accounts, PayPal, or Visa.
2. participating businesses can issue their own token and can use it as a payment unit in their ecosystem
3. Payment Gateway API for the Community: We will provide documentation on the project's API, allowing other platforms on Web 2.0 to integrate our Payment Gateway features into their systems.
4. Development of Community Engagement: Transitioning directly from Web 2.0 to Web 3.0 is a significant challenge for many e-commerce and Web 2.0 platforms. By integrating our payment gateway into Web 2.0 platforms, business owners can gradually approach Web 3.0. This integration will enable more people to use Cardano's Web 3.0 services, thereby contributing to the development of the Cardano community.
5. Next Development Directions:
6. Application to the Web 2.0 Model: Encouraging universal use of the Cardano wallet among users as an option for making transactions.
7. dApp Development: Building several dApps with integrated payment gateway functionality, such as an NFT Marketplace and other services.
8. Integrated Payment with QR so that mobile users can easily transact

The project aims to:

1. Platform Digital Transformation: Recognizing the increasing potential of Web 3.0 users in the future.
2. Cardano Community Expansion: Increasing the number of participants in the Cardano network by leveraging the project's features.

[CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?

We have several main goal:

• Build platform integrated payment gateway: Provide one more payment method for web 2.0 platform, allows users to pay for their item on web.

• Allows businesses to choose what type of resource to pay for, be it ADA, or a stable coin or even a token created on the cardano network

• Provide an API of platform: making it possible for developers of the community to integrate our payment gateway into their platform web 2.0, we hope that our project will contribute another useful tool to the Cardano community.

• Develop Cardano Community: Transitioning directly from Web 2.0 to Web 3.0 is extremely challenging for large-scale projects. Integrating an additional payment gateway is one of the progressive steps towards upgrading Web 2.0 platforms to Web 3.0. This integration allows for more users to gradually adopt the services provided by Cardano, contributing to the growth and strength of the Cardano community.

  [CAPABILITY/ FEASIBILITY] Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

Here are some pieces of evidence showcasing our capabilities to execute the project:

• Product demo worked fine, however some more advanced features are not available https://demo.dpay.tech , https://dpay.tech
• Expertise and Experience: Our team members include two professionals as an instructor, with several years of experience in the Blockchain field and success in funding calls in fund phases 6, 7, and 8. Additionally, There are 4 students who have experience working on and developing the Cardano blockchain. They have programming experience with languages such as Haskell, Plutus, Asp.net, Golang, NodeJs, Python, PHP, Java , etc. They also have experience participating in research projects to build applications on the Cardano blockchain platform.
• Some of reports for our activities in scientific research :
• Report 1: https://s.net.vn/gBBa
• Report 2: https://s.net.vn/xT9b
• Report 3: https://s.net.vn/D97p
• Transparent Governance and Communication: We believe in maintaining transparency throughout the project lifecycle. We will establish clear communication channels to keep stakeholders informed about project updates, progress, and challenges. Regular reports and updates will be shared to ensure transparency and accountability.
• Financial management: Effective fund management is extremely important. To demonstrate responsible fund management for a project, we will follow the following steps and procedures:
• Budget planning: We will develop a detailed budget plan outlining the allocation of funds for each milestone and activity of the project. This plan will be shared with stakeholders for review and approval.
• Financial control: We will establish strong financial control measures to ensure that funds are used in accordance with the approved budget. This includes maintaining accurate records, implementing cost monitoring mechanisms, and conducting regular audits.
• Escrow services: To enhance trust and accountability, we may engage the services of a reliable third-party escrow provider. This will ensure that funds are released based on achieving predetermined milestones and defined outcomes.
• Transparent reporting: Regular financial reports will be prepared and shared with stakeholders, providing visibility into the project's financial status. These reports will include details on costs, income, and any deviations from the budget.
• Compliance and legal considerations: We will adhere to all legal requirements and regulations pertaining to financial management, ensuring proper governance and compliance throughout the project.

By combining our expertise, transparent management practices, financial control, and a commitment to open communication, we are confident in our ability to deliver the project with a high level of reliability and accountability.

[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.

Milestone 1 (1 month) : Ideation & Design

Deliverables:

• Development plan and roles of each team member
• Functional flowchart design
• Interface design

Outputs:

• Project plan documentation (PDF)
• Developed roles and responsibilities of team members
• Flowchart of data flow
• UI/UX mockups

Expected results:

• Build and develop the project plan and allocate roles to team members.
• Design and develop a flowchart of data flow.
• Create UI/UX mockups.

Milestone 2 (3 month): Development & Testing

Deliverables:

• Build and develop the system:
• Testing and documentation

Outputs:

• API enabling users to integrate ADA payment gateway.
• Testing process documentation.

Expected results:

• Users can successfully integrate the API for implementing payments in their transaction model.
• Testing documentation.

Milestone 3 (1 month): Soft Launch & Bug Fixes

Deliverables:

• Deploy on the mainnet.
• Prepare comprehensive documentation, including installation and usage guides.

Outputs:

• Users can integrate the API for real transactions.
• User guides and integration instructions.

Expected results:

• The system operates on the mainnet.
• User guides.

Milestone 4 (1 month) : Official Launch & Full Marketing

Deliverables:

• Engage with the community through social media, forums, and events, implementing marketing campaigns to promote the platform.
• Gather user feedback and monitor API integration.

Outputs:

• Interact with users through workshops, events, marketing campaigns, and forums.
• Report on user feedback and satisfaction.

Expected results:

• Establish forums, communities, and meetings for exchange and guidance.
• Reports from the community.

Milestone 5 (1 month): Evaluation & Reporting

Deliverables:

• Implement features based on user feedback.
• Maintain and improve the platform.

Outputs:

• Features based on user feedback.
• Ensure smooth operation of the system.

Expected results:

• Ensure smooth operation of the system.
• Enhance user experience through community feedback

This information is tentative and subject to change

[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.

Milestone 1 (1 month): Ideation & Design [5.000 ADA]

• Define specific details of the API features. 2500ADA
• Design the interface. 1500ADA
• Establish development and testing processes. 1000 ADA

Milestone 2 (3 months): Development & Testing [30.000ADA]

• Develop the API features.
• Conduct extensive testing and quality assurance.
• 2000 ada/labor/month *5 people *3 months

Milestone 3 (2 months): Soft Launch & Bug Fixes[8.000ADA]

• Deploy features for user testing.
• Collect and analyze feedback.
• launch, fix: [3000ada]
• bug bounty (can be used at incidental fees ):[5000 ada]

Milestone 4 (1 month): Official Launch & Full Marketing[10000ADA]

• server rental fee 700/month * 6 month: [4200ada]
• Implement final adjustments.
• Roll out features for the entire user base.
• Begin marketing efforts and user acquisition.

Milestone 5 (1 month): Evaluation & Reporting [3000ADA]

• Measure and assess key success metrics.
• Compile and share a comprehensive report.

including labor fee, internet fee, infrastructure fee, incurred expenses [5000ADA]

[RESOURCES & VALUE FOR MONEY] Who is in the project team and what are their roles?

Mr. Nguyen Anh Tien - Blockchain Advisor

Experiences:

Founder of the VILAI stake pool, computer science experts, working in the Cardano/Crypto space since 2018.

Deploying many payment systems for major banks, financial institutions, and telecommunications in Vietnam

LinkedIn: https://www.linkedin.com/in/tienna

Email: [email protected]

Mr. Nguyen Van Hieu - Blockchain Advisor

Experiences:

founder of HADA stake pool, member of Plutus Pioneer Program, and Lead Technical Support at many successful startups.

LinkedIn: https://www.linkedin.com/in/nguyen-van-hieu-b4410121b/

Telegram: t.me/nvhieu1978

Mr. Phung Tien Dung - Project Manager

Experiences:

Experienced with developing on Cardano network

Programming languages: Golang, Python, NodeJS, ASP.NET.

Blockchain & Sustainability Researcher

Contact:

Email: [email protected]

Github: https:github.com/tidvn

Mr. Khuat Dinh Thanh - Fullstack Developer

Experiences:

Frontend: HTML, CSS, Javascript, Bootstrap 5.

Backend: Java, PHP, Solidity, Typescript.

Blockchain & Sustainability Researcher.

Contact:

Email: [email protected]

Github: https://github.com/thanh2k3zz

Mr. Nguyen Hong Son - Blockchain Developer

Experiences:

Experienced with developing on Cardano network

Programming languages: Haskell, Plutus, Python.

Blockchain & Sustainability Researcher

Contact:

Email: [email protected]

Github: https://github.com/nguyenson36

Mr. Nguyen Tien Tung - Frontend Developer

Experiences:

Frontend: HTML5, CSS3, Javascript, Bootstrap 5, Reactjs, Nextjs.

Programming languages: Javascript, Java, C/C++.

Blockchain & Sustainability Researcher

Contact:

Email: [email protected]

Github: https://github.com/TienTung2501

[RESOURCES & VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

• Alignment with industry standards: The project cost is determined based on industry standards and typical rates for the necessary expertise in software development, blockchain, and cloud technology. These rates are derived from market research and industry benchmarks to ensure they are reasonable and competitive.
• Expertise and experience: Our team members include an instructor-level expert with years of experience in the blockchain field and a track record of successful funding rounds in stages 6, 7, and 8. Additionally, there are three students who have experience working and developing on the Cardano blockchain, programming experience with languages such as Haskell, Plutus, Python, PHP, Java, and involvement in research projects building applications on the Cardano blockchain platform.
• Development efforts: The project cost considers the significant development efforts required to build a robust and feature-rich token platform on the Cardano blockchain. This includes the time, resources, and specialized knowledge needed to develop, test, and iterate on the platform to ensure functionality, security, and scalability.