Cost and schedule
Estimating delivery of software is hard and very inaccurate, we provide our best effort estimation and
The estimations may change, and we will provide updates to the community if and when delivery dates
Our development process will be public open source and we will have continuous releases.
- Wallet Management
- Account Management
- Send and receive coins
- Smart contracts
- SDA proposals
- Performance optimization for larger chains
- Support for sidechain, tokens and smart contracts
- Sidechain and token support
- Smartcontract support
Estimated amount required for development:
- Development: 65%
- Cloud & Services: 10%
- Marketing: 10%
- Legal: 10%
- Business Operations: 5%
Development: Salaries for the developers and product manager. Software and tooling
Cloud & Services: To run and host indexers and explorers, we will be using a
where we run some servers on-premises and some servers in the cloud. This is to optimize cost spending
and high availability of the services.
Marketing: As CoinVault is a consumer product, we expect to be spending some of the
funding for advertisement and marketing of the extension.
Legal: While CoinVault is a Non-Custodial wallet, our users are consumers and we'll
need some legal support to ensure our end user license agreements and other contracts and business
agreements with third parties are legally sound and good.
Business Operations: We expect a low budget for business operations, as the
business manager also has a role as developer and will be hands-on with the team at all times. We
expected business operations to grow in the future as CoinVault popularity and usage increase.
We will work with a continuous delivery process (DevOps) and updates will be pushed all the time, but
for these tentative milestones:
January 2022: Alpha
Limited availability for selected testers. Basic wallet functionality, Web3 Provider, Indexer and
May 2022: Beta
Public available release. Support for Cirrus and smart contracts.
September 2022: Version 1
All of the "will deliver" functionality completed. Work has started on "plan to deliver" functionality.
This proposal is to further develop and extend an existing browser extension that Blockcore has built
for decentralized identifier (and more). This means some of the functionality is already present in the
software and deliveries based on the proposal will begin immediately if and when the proposal is
Blockcore Extension: https://github.com/block-core/blockcore-extension
Blockcore Explorer: https://github.com/block-core/blockcore-explorer
Blockcore Indexer: https://github.com/block-core/blockcore-indexer
Blockcore Provider: https://github.com/block-core/blockcore-provider
Future income potential
CoinVault is an end-user software product that has potential for large user-base, but direct income from
those users is not a viable option. We want to avoid making CoinVault an paid user service.
The user market for these extensions are more than 10 million users, which demonstrates they are popular
apps to use for blockchain interactions.
We will continuously investigate potential income potentials with CoinVault. Some potential financial
agreements can be made with token and coin swapping services, allowing CoinVault team to receive
kick-back payment on swaps.
Another potential revenue source could be providing users with hosting for their digital assets
(verifiable credentials, NFTs).