not approved
Dollar-Cost Averaging DApp
Current Project Status
unfunded
Total
amount
Received
$0
Total
amount
Requested
$15,000
Total
Percentage
Received
0.00%
Solution

A DApp on Cardano can auto DCA for you, according to your parameters (frequency, crypto, etc ..), while being cheaper, decentralized, staked

Problem

DCAing into crypto projects manually or via exchanges, is tediously, boring, expensive (fees), centralized and non private (via exchanges).

Addresses Challenge
Feasibility
Auditability

Team

1 member

  • download
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Detailed Plan

The solution to the manual DCAing issue, is an automatic DCAing approach, via a DApp in which you can configure what projects you want to invest in, how much, how often (random/specific days, hours, dates…), how often do you want to withdraw (with minimal fees), if (and where) you want to stake your tokens in between withdrawals, etc …

So in order to build such tool, here is the Roadmap :

0 - Hire a Cardano SmartContract Developper, or join a course to become one
1 - Build a SmartContract on Cardano that accepts funds and parameters for each SC user
2 - The user picks a detailed set of params (what to buy, how much, when, where to stake if stakeable, withdraw period, withdraw adress, etc…)
3 - Deploy the SC on testnet, validate, then deploy on mainnet
4 - The SC earns fees in % (TBD…)

I will be working on the project alone (if i go through a Sardano Smart Contract Developper course) or with another Cardano Smart Contract Developper if i were to hire one, as stated in the details above.
My linkedin and github profiles are attached to the file.

Roadmap with Key mile stones and dates :

0 - Start ==> Hire a Cardano SC Dev, or go through a course and become one myself

1 - Month 1 ==> Deploy an MVP on testnet : Simple DCA, without staking and without multiple options for withdrawal and DCA (frequency and specific or random periods …)

2 - Month 3 ==> Deploy an advanced version with more DCAing options, withdrawal options, staking options on testnet, and ship the MVP to the mainnet

3 - Month 4 ==> Ship the final product on mainnet

An expected launch date would be during March 21st 2022
A definition of success :
- 3 months after launch : Having 100 users
- 6 months after launch : Having 500 users
- 9 months after launch : Having 1000 users and becoming among the top 10 most daily used SCs (DEXes aside)

KPIs would consist of commits, user story advancements, velocity, burn down charts etc, but i honestly don’t have a lot of experience doing these.

Budget (open for discussion) :

8K$ for the developper’s work (or to pay for the course and my own commitment to the project as a dev)
5K$ for bug bounties, audits, certifications, verifications etc …
2K$ for advertisement

Our solution not only enriches the ecosystem and this challenge, but it also completes it by adding more valuable, decentralized and much needed features.

Community Reviews (1)

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Playlist

  • EP2: epoch_length

    Authored by: Darlington Kofa

    d. 3 se. 24
    Darlington Kofa
  • EP1: 'd' parameter

    Authored by: Darlington Kofa

    d. 4 se. 3
    Darlington Kofa
  • EP3: key_deposit

    Authored by: Darlington Kofa

    d. 3 se. 48
    Darlington Kofa
  • EP4: epoch_no

    Authored by: Darlington Kofa

    d. 2 se. 16
    Darlington Kofa
  • EP5: max_block_size

    Authored by: Darlington Kofa

    d. 3 se. 14
    Darlington Kofa
  • EP6: pool_deposit

    Authored by: Darlington Kofa

    d. 3 se. 19
    Darlington Kofa
  • EP7: max_tx_size

    Authored by: Darlington Kofa

    d. 4 se. 59
    Darlington Kofa
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