Name: We are p-rep team Piconbello I am Emre from Piconbello.
Project Schedule: 2 month
Budget Request: 15000 USD paid out of 2 even instalments. This budget for outsourced devs other costs are covered by Piconbello any extra cost going to be covered by Piconbello as well.
Why we are outsourcing development? Because we don’t have any experience with building a matching engine off-chain which settles trades on-chain. Also, I personally know the main developer of a similar exchange which is very successful on another chain. Instead of spending hours on finding the way having bugs, issues etc. We have a chance to work with some of the top names on that matter and delivering the best optimal product on the shortest time.
What we are outsourcing? We are going to outsource frontend and matching engine.
What we did so far or how we can prove we have enough skill to build it? This part is a bit tricky because we are going to outsource matching engine and nearly everything going to work with it so we can’t just say let’s create a smart contract for the exchange which not going to work with matching engine. Our plan was not going for onchain/offchain solution from the beginning at that time. In that time frame, we find a jurisdiction we can lunch the dex without any issue. We analyzed a lot of performance numbers of different approaches on other chains and conclude our tests to see limitations.
Project/Initiative Description: Our aim is providing service for every development on the icon blockchain in case they want to tokenize it. Every chain needs something like that because not all of the developments get funded by millions trough ico, ieo etc.and sometimes listing fees can be devastating for these projects. In Etherdelta case it was totally open for any project to trade their token which makes them first place for scammers but their platform also helps a lot of project at the early stages which affected some way positively for ether. We don’t want a platform for scammers so we will do filtering for tokens going to be traded on the platform. We will accept any other p-reps contribution, partner… We have general plan for dex but we need a long time of stress test and bug fixing period + frontend development which we don’t have in our team that’s the reason we are looking for funding. If you have any confusion we can talk about everything in details.
Key Performance Indicators: After a year of lunch having 10% of the total icx trade volume can be a huge success. With enough traffic we can run some advertisements for anything icon related and with that advertisement income exchange can be self-sustainable. We hope for more but these are more realistic aims for the start.
If you consider supporting us let us know so we can start in advance.
Contact Info: over telegram you can join our group https://t.me/pICONbello, directly send pm to me @E1piconbello or send a mail to our team mail firstname.lastname@example.org