Tekmirio NFT Staking Platform Catalyst Fund 11 Proposal
Category: Cardano Use Cases: Product
https://cardano.ideascale.com/c/idea/110306
Deadline to submit draft proposals —Nov 30, 2023 at 11:00 AM UTC
Deadline to finalize proposals — Dec 7, 2023 at 11:00 AM UTC
SUMMARY PROPOSAL
Problem Statement:
The current NFT Staking solutions available for Cardano are too expensive. There should be a FREE solution for NFT projects and ALL users.
Project Response to the Problem:
Enhance an existing v1.0 Web3 dApp that tracks every NFT in the users wallet and rewards Cardano native tokens for free with a new advertising driven business model.
Project Status:
Expanding on what is already in place at https://tekmirio.xyz
Project Team: A team of developers lead by Santo Electronics (Santo Stake Pool) with marketing, software, back-end, front-end and network operations experience, all working together by sharing skills and collaborating. The team has practical and expert knowledge in Cardano, Marketing, Stake Pool Operations, Blockchain, Databases, JavaScript, Plutus & Haskell, Web2 and Web3.
Funding Ask Amount: 175,000 ADA
DETAILED PROPOSAL
V1.0 PROJECT
The v1.0 project launched in April 2023 thru to provide a new NFT Non-Custodial staking capability for Cardano users. It has grown exponentially every month and is already cash flow positive.
LIVE PROJECT
The team has already completed a v1.0 of the Tekmirio NFT Staking Platform. The design goal was to make it as simple as possible and leverage the new JavaScript Development Tools from Helios, Lucid and Koios to deploy a fully functional modern Web3 decentralized application for the Cardano blockchain.
The v1.0 app is live and can be found here
https://app.tekmirio.xyz
Our website
https://tekmirio.xyz
Tutorial Videos on How to use the Calculator and the Website
https://tekmirio.xyz/videos
Below is a really good interview about the project with the Project founder.
Project Timeline and Deliverables for v2.0
Total Amount: 175,000 ADA ($61,250 USD @0.35)
Timeline: 9 months
Use of Proceeds
- Promotions — 50% 75,000 ADA($26,250 USD @0.35 )
Additional Partnerships, Discord Growth, Tekmirio SPO Program
Twitter Re-tweet Raids, Giveaways, Raffles, HackerGame, Language channels, $RWD Token Liquidity Incentives, NFT Giveaways, Brand Loyalty Program, Onboard New Advertisers - New Development- 50% 100,000 ADA ($35,000 USD @0.35 )
- CIP 68 NFT Subscriptions Smart Contract and Script Development
- Calc Tab — Calculator, Reporting and Statistics
- Admin Tab — Quick changes of Token Reward Calcs per Customer
- Gov Tab — Governance Proposal, Discussion and Voting
PROMOTIONAL MILESTONES
March/April (25%)
Discord Moderators (add three new moderators to cover three timezones)
Start Tekmirio SPO Program 3X Reward Boost (Phase 1)
Tekmirio Brand Loyalty Program (Phase 1)
May/June (25%)
Twitter/Discord Followers increase from 600 to 1,500+ (all organic)
Tekmirio SPO Program 3X Reward Boost (Phase 2)
HackerGame governance via NFTs development with new Buff NFTs
July/August (25%)
Onboard New Advertisers with AdTokens and Claim Sponsorship
Tekmirio SPO Program 3X Boost for Participating SPOs (Phase 3)
Sept/Oct (25%)
Develop a Raffle Program
DEVELOPMENT MILESTONES
March/April (25%)
CIP 68 NFT Subscriptions and Script Development
Develop command line scripts to mint/burn/edit subscription NFTs
Transition from current subscription program to the new CIP-68 NFTs
May/June (25%)
Calc Tab — Calculator, Reporting and Statistics
Add a new Calc tab to the App this will replace the current spreadsheet system
July/August (25%)
Admin Tab — for new tokens, emissions and staking and claiming logs
Add a new tab for managing backend parameter changes with a UI/US
Sept/Oct (25%)
Gov Tab — For proposal discussion and voting with AdaHackers.com NFTs
Today this is done in Discord with channels and emoji voting
Project Team
Stake Pool Operator SANTO received IOG Delegation twice since July 2021. Business Development and Technology Executive with 30 years experience in software, material science, medical devices, publishing, printing and graphics. Highly adept in initiating, team building, marketing, product development, finance, research and development and implementing a corporate vision and strategy to create sustainable business value. Awarded 15 patents in software, printing and medical devices. LinkedIn | Twitter
25 years of experience in object-oriented software development, design and architecture Full lifecycle experience throughout all positions held Real world experience producing well documented, well tested, reliable and maintainable software with superior performance and limited maintenance costs. Linkedin | Twitter
I’m a freelance smart contracts developer, enthusiastic about sustainable projects providing real value to the Cardano ecosystem. In the past, I worked for four years as a full time professional back-end developer. Working towards a future where we can be more autonomous.
Linkedin | Twitter
Project Financials
Project Risks
Assumptions
All assumptions and forecasts are risky. Our forecasted assumptions are based on the small test of 78 addresses that staked their NFTs with us over 124 days. We saw about 5% of those users signup for the $5/mo subscription service. The conservative forecast above is based on capturing 5000 addresses (2024), 30,000 (2025) and 100,000 (2026). This is a reasonable assumption based on the estimated total 500,000 active Cardano addresses today and we expect this number to grow. https://cexplorer.io/wallets
Governance
We see governance and the strategic decision making within the group going forward to be a risk. We will solve this in 2024 with a working DAO of Tekmirio subscribers of the new Staking Platform who will propose and vote on improvements, partnerships and new reward calculations.
Liquidity
Obtaining sufficient liquidity for the reward tokens to trade efficiently on Cardano DEXs is a major risk for all staking applications and tokens.
The Future
The vision statement for Tekmirio:
“Track Digital Assets and Develop Rewards Programs”
What we mean by this - is we want to be the leader in developing digital asset tracking solutions and rewards programs for any customer or brand that wants to leverage the decentralized power, transparency and immutability of blockchain technology. This proposal is limited to meeting our short-term goals. However, we believe our team has the skills to develop solutions that can bring substantial value to any business or brand.
SantoElectronics.com
TestnetCoins.io
AdaHackers.com
Tekmirio.xyz
