[Proposal] Ocean Vantage | Signal Syndication & Data Network (SSDN)

Key Project Data

Name of project:

“Ocean Vantage | Signal Syndication and Data Network (SSDN)”



Download the Powerpoint pitch for this proposal


Team Website:
https://vantagecrypto.com (Company)
https://coinmarketflow.com (CMF) (API Data portal and advanced screener)
https://triggers.vantagecrypto.com (Cryptohopper Integration)
https://signals.vantagecrypto.com (Our analytics & signaling platform)
*Beta, private access only, we are currently looking for engaged beta testers! Discord


Proposal Wallet Address: 0x630cc8ffc2041b7C3E85892e2052b89BCC790454

Current country of residence:

United States (Incorporated in Naples Florida)

Contact Email:

shawn.gregg@vantagecrypto.com | Founder
support@vantagecrypto.com | Support

The proposal in one sentence:

Expand the reach of data streaming services for the Ocean Protocol network and use that framework to build a syndication network for real-time financial analytics catering to analysts that already have 100's or 1000's of monthly subscribers but need to extend their reach in servicing the more than 22 million active crypto traders (as of 2019).


Which category best describes your project?

  • Build / improve applications or integrations to Ocean
  • Unleash data

Project Overview


We recommend you take a moment to familiarize yourself with some related concepts, for context



Our end state will empower Jill and all the consumers of her data


Description of the project:

Spearheading the charge into streaming data support on the Ocean Network, we build an opensource “Ocean Vantage - Data Bridge” that will extend the Ocean network streaming capability to Webhooks and API support which we need to cater to this industry. We then use this framework to build a signal syndication network that will enable 100’s or 1000’s of quantitative analytics platforms to publish their signals to the market place and syndicate them across all the Ocean Marketplaces, connecting directly to the platforms that would consume them. This will also encourage trading platforms and bots to integrate with the Ocean Protocol Network so that their users can consume the large repository of real-time market analytics.



This will first manifest itself as a hosted gateway website that analysts and their consumers can use to send or receive API or Webhooks and convert them to or from WebSocket streams for the data marketplace. We will then launch an Ocean Marketplace fork called the “Signal Syndication & Data Network” that will offer two primary data types



#1 An array of single metric historic and live data-streams, ready to be consumed by any quantitative analytics platform, sourced from our API.


#2 Live real-time financial analytics streams, either from our own quantitative analytics platform or any other analytics platform. The signal syndication network will monitor signals and provide a market overlay for the marketplace to show potential consumers the reliability and performance data for each data stream before they purchase. We will use our quantitative analytics platform to become the first publisher on the SSDN and begin encouraging other analysts who have already expressed great interest in the signal syndication network to jump on board as well. We couple this with a campaign to push for automated trading platform integrations to facilitate large scale data consumption.





We will fork the Ocean Marketplace and stand up our own decentralized "Signal Syndication & Data Marketplace" @ https://market.vantagecrypto.com. There are a few phases of building necessary to reach this end state, they are outlined below.










What problem is your project solving?






What is the final product?










Phase1:
Ocean Vantage - Data Bridge (Open Source sourcecode available to all projects integrating with the Ocean Protocol

Phase2:
Ocean Vantage Signal Syndication & Data Network (Ocean Marketplace Fork) | Initially hosting live streaming raw data feeds
https://market.vantagecrypto.com/

Phase3/4:
Hosted data bridging and signal reporting services
https://bridge.vantagecrypto.com

Phase5:
Integration with our Quantitative Analytics platform
https://signals.vantagecrypto.com/market


Driving value to the Ocean ecosystem/ROI

We believe projects like ours is exactly what will drive the bulk of transactions on Ocean Protocols as we tap into crypto sectors already rich in transaction traffic. We aren’t an individual publishing data, we aren’t just a company and its userbase publishing data-sets, the Signal Syndication & Data Network could usher in a vast and broad variety of publishers and consumers with a fairly large scale number of integrations, feeding DEFI and CEX markets alike.

It’s difficult to quantify what the user base will look like for the SSDN, Vantage Signals or the hosted data bridge with signal validator & publisher. We are still in beta and have not officially launched Vantage Signals to the public yet. We are quantatative analytics platform that generally is a at a layer between exchanges and automated trading platforms & bots. We are focused on more technical and inquisitve “Quant” customers and look to have a higher cost subscription with less users. We prefer a platform of 20,000 advanced analysts over running an automated trading platform of 250k users. The automated trading industry that we will be feeding has seen parabolic growth in this market. For example, when we first teamed with Cryptohopper to deliver Vantage Triggers, Cryptohopper had 50,000 users. Fast forward 6 months later and they are now sitting at 340,000 users! 3Commas was at 100,000 users in November 2020 and likely saw similar growth. The thing about this user base is that they are analytical, have money and are used to paying crypto for information to help them make better trades.

One of the big drivers for data consumption volume will be our push to make real-time signaling a consumable data-set. To grow our user base, we will be running marketing campaigns and bounties to promote usage and grow the platform and signal network. Our growth rate will be tied to our marketing and our marketing will be tied to our funding. We break down our anticipated user base with modest numbers that puts us at around 1/100th the user base of the two leading platforms outlined above. We base this user base off a conservative marketing budget as we search for seed funding. Our ability to fund and the amount we fund for will directly convey to the marketing campaign and infrastructure support and the user base we can anticipate.

We anticipate a public launch of Vantage-Signals in late 2021Q4, these projections provided below are starting from launch. When we show rolled up values at the bottom they assume an entire 4 quarters at the same performance as last quarter observed which also does not account for future growth but gives us a baseline of what yearly publications and subscriptions might look like after two years of operation.

We base usage off of the customers we would anticipate using our gateway to monitor and publish their signal to our SSDN and for the anticipated signal consumers. This does not account for all the usage that may occur via other data bridges and market places. We anticipate that 10% of the traffic will be publishers and 90% will be consumers.

We think most signal providers will start by using a set price but as their signals perform well they can make more money with dynamic subscription pricing which will produce staking. Our conservative numbers assess 40% of the providers will use AMM and the other 60% will use static pricing to retain their current price models. We think AMM usage will grow over time but we go ahead and assess 60% AMM usage in the moderate and aggressive models below. We assume an average cost of $25 per month per monthly consumption with repeat subscription users tempered this with a standard 75% renewal rate when calculating total consumptions.

Conservative projections:




We assess a modest 2400 analysts within two years of launch, we also assume that the other platforms will continue to contribute more and more signals outside of our own platform leading to increased usage observed in gateway/validator users. Below we highlight the customser acquision costs based on one year of publications and consumption, by year two of operations. Our low overhead of ~$26,000 to deliver this solution makes customer acqusition costs look appealing even with our modest assessment. Keep in mind the numbers below are anticipated yearly numbers after two years of operation

  • 4,600 new data-sets published yearly
  • 94,000 data consumption per year
  • $185k of OCEAN staked yearly
  • $2.3M USD yearly Ocean Data Consuming Volume
  • Acquistion cost per IDO Contract: $5.60
  • Acquistion cost per IDO consumption: $0.28
  • Acquistion cost per $100k Staking: $.14
  • Acquistion cost per $1 network volume: $0.011


Moderate projections:


But we don’t want to sell ourselves short. The projections above assumes a fairly limited repsonse bot for our own userbase and the general market as a whole which currently services more than 22 million crypto traders worldwide. We also provide alternative projections based on a few updated variables.

  • 10k new data-sets published yearly
  • 600k data-sets consumed yearly
  • $600k OCEAN staked yearly
  • $5M yearly Ocean Data Consuming Volume
  • ~$16M USD in network transaction fees (volume*.0025)
  • Acquistion cost per IDO Contract: $2.58
  • Acquistion cost per IDO consumption: $0.04
  • Acquistion cost per $100k Staking: $.043
  • Acquistion cost per $1 network volume: $0.0051


Aggressive projections:


Some recent studies put the number of active crypto traders over 22 million across the world. It is not impossible to imagine a world where the SSDN becomes the signal distribution network for crypto and we see millions of montly consumptions. This is what it might look like in a world where there are just under 1 million publishers and consumers on the SSDN, less than 1/20th of the current trading community publishing or consuming signals.

  • 365k new data-sets published yearly
  • 25M data-sets consumed yearly
  • $25M OCEAN staked yearly
  • $184M yearly Ocean Data Consuming Volume
  • ~$16M USD in network transaction fees (volume*.0025)
  • Acquistion cost per IDO Contract: $0.07
  • Acquistion cost per IDO consumption: $0.001
  • Acquistion cost per $100k Staking: $.001
  • Acquistion cost per $1 network volume: $0.0001


These numbers don't directly assess potential weekly users and integrations but over time there is a chance that dozens or 100's of trading platforms could fork the marketplace to support direct integration. We also see weekly users as likely a higher multiplier of our data gateway users which is projected between 2500 and 200k weekly users depending on which projections we use from above.

The actual number of users the SDDN user will see will be tightly correlated to our ability to effectively market the product. To effectively market the product will require marketing dollars we do not currently have. We are in the process of assembling all the documentation to raise a seed round of funding to enable us to meet our marketing needs to grow our user base more aggressively.

Project Deliverables



This project is broken up into phases and will request grant funding along the way to continue making progress on all our major milestones for this project. Below we break down the major phases/milestones of the project.

***THIS REQUEST FOR FUNDING IS ONLY FOR PHASE1 & PHASE2

Breakdown of projected funding requests by phase

  • Phase1 & Phase2: Stand up data gateway and marketplace fork | 20,000 OCEAN
  • Phase3 & Phase4: Fork data gateway, create signal management interface and transaction validator, launch hosted data bridging | Estimate: $10,000USD
  • Phase5: Vantage Signals integration | Estimate: $4000USD

It should also be noted that with each of these initiatives, VantageCrypto will be maintaining operational costs of these solutions to include database, cluster resources, caching, load balancing, storage, backup, monitoring, etc.

It is actually VantageCrypto’s development arm “Vantage.Code.Labs” that will be developing and maintaining the code. VantageCrypto will be deploying and maintaining the infrastructure and support.




Is your software open-source?

The Ocean Vantage Data Bridge will be 100% open source and will be available for any project to extend the support for additional data-feeds beyond the WebSocket feeds supported natively by the Ocean Protocol network.

The signal performance data will be registered onchain and a marketplace overlay will be developed to allow any marketplace to include signal reliability and performance statistics.

We have an assortment of python bots online and open source which can be viewed in our public repo. Our public repo: VantageCrypto Opensource Gitlab


Data Unleashed:

  • An array of non-persistent hard to find crypto market data in single metric live and historical data feeds made ready for market analytics platforms, published by VantageCrypto
  • An extensive never ending stream of independently published/monetized subscription based real-time market analytics in the form of market signals


  • Project Details

    Vantagecrypto already has a focus on making data modular and affordable with our "Modular API Data Services". We have a large array of API data and we continue to expand its metrics and data flexibility.



    VantageCrypto manages a robust cloud infrastructure and a small but powerful colo-facility. We currently manage over 70 cloud and local/VM servers. Much of our infrastructure uses Docker and Kubernetes containers/pods. Below is an overview of our current architecture including proposed updates.




    Our Vantage Signals Quantitative Analytics and Signaling platform is online now and is a revolutionary new approach to collaborative market analytics




  • Tech stack of Vantage Signals is Debian servers using PHP/Nuxt/Laravel, Vue and Python served over nginx in a containerized enivironment and hosted on Kubernetes clusters




  • Team members

    There are a few important points to note here. We are all contractors, our entire company is outsourced, each and every one of us. We work what is needed of us and don’t bleed full-time pay where most these roles don’t require full time work. Almost all of our part-time contract labor also have another full time job they are working. The exceptions to the above are our developers of which are full time and a couple of back office resources. All back office resources are working on sweat equity alone. 100% of grant proceeds goes to our developers!



    Shawn Gregg

    Role: Founder, everything from marketing to software design to architecture to project management and business development.
    Relevant Credentials (e.g.):
    Extensive career and certifications in IT, engineering and project management
    Linkedin
    Background/Experience:
    Founder of Hashcoop, the largest Scrypt mining facility in North America (During the first crypto winter).
    Have worked large scale project such as the new NATO headquarters in Belgium, Standing up initial infrastructure for a new US COCOM in Africa and E&I for a country wide MPLS network in Afghanistan.
    Have been building development teams, designing software and managing the project through to delivery for an array of websites and services.
    • VCDepth (CoinMarketFlow(dot)com)
    • Vantage API (https://coinmarketflow(dot)com/subnscriptions)
    • Vantage Triggers (triggers(dot)vantagecrypto(dot)com)
    • VCTrack (vctrack(dot)io / shutdown(for now))
    • VCHealth (vchealth(dot)io / Discontinued)
    • VCReal/Trudomo (Trudomo(dot)com / Shutdown(for now))
    • VCFreelancer (vcfreelancer(dot)com/ Discontinued)
    • VCBNB (vcbnb(dot)com/ Discontinued)
    • VCStay (vcstay(dot)com/ / Discontinued)
    • VCPool (Private mining pools solution for HashCoop)

    Ryan Purdy:

    Role: Chief Technical Officer, Engineering & Implementation and assist to O&M. Extensive product testing and awareness, business development.
    Relevant Credentials (e.g.):
    Extensive career and certifications in IT, engineering and project management
    Linkedin
    Background/Experience:
    3 years of working with the VantageCrypto Initiative helping drive infrastructure and solutions for the following software packages
    • VCDepth (CoinMarketFlow(dot)com)
    • Vantage API (https://coinmarketflow(dot)com/subnscriptions)
    • Vantage Triggers (triggers(dot)vantagecrypto(dot)com)
    • VCTrack (vctrack(dot)io / shutdown(for now))
    • VCHealth (vchealth(dot)io / Discontinued)
    • VCReal/Trudomo (Trudomo(dot)com / Shutdown(for now))
    • VCFreelancer (vcfreelancer(dot)com/ Discontinued)
    • VCBNB (vcbnb(dot)com/ Discontinued)
    • VCStay (vcstay(dot)com/ / Discontinued)
    • VCPool (Private mining pools solution for HashCoop)

    Alex Menendez:

    Role: Chief Operations Officer, more than a decade of Operations support experience along with some engineering and implementation. Alex manages basic support of the infrastructure such as monitoring and patch management as well as managing our customer support solutions such as our ticket system and related incidents.
    Relevant Credentials (e.g.):
    Extensive career and certifications in IT, operations and engineering
    Linkedin
    Background/Experience: 3 years of working with the VantageCrypto Initiative helping drive infrastructure and solutions for the following software packages
    • VCDepth (CoinMarketFlow(dot)com)
    • Vantage API (https://coinmarketflow(dot)com/subnscriptions)
    • Vantage Triggers (triggers(dot)vantagecrypto(dot)com)
    • VCTrack (vctrack(dot)io / shutdown(for now))
    • VCHealth (vchealth(dot)io / Discontinued)
    • VCReal/Trudomo (Trudomo(dot)com / Shutdown(for now))
    • VCFreelancer (vcfreelancer(dot)com/ Discontinued)
    • VCBNB (vcbnb(dot)com/ Discontinued)
    • VCStay (vcstay(dot)com/ / Discontinued)
    • VCPool (Private mining pools solution for HashCoop)

    Arvin Bullock:

    Role: Chief Financial Officer, Retired military comptroller with 20 years of finance experience. Currently serves as the treasurer on the board of directors for a local non-profit and he and his wife run their own Yoga studio.
    Relevant Credentials (e.g.):
    Extensive career in finance and managing large budgets
    M.B.S. in finance M.B.A. in Executive Leadership
    Linkedin
    Background/Experience:
    3 years of working with the VantageCrypto Initiative helping drive infrastructure and solutions for the following software packages

    • VCDepth (CoinMarketFlow(dot)com)
    • Vantage API (https://coinmarketflow(dot)com/subnscriptions)
    • Vantage Triggers (triggers(dot)vantagecrypto(dot)com)
    • VCTrack (vctrack(dot)io / shutdown(for now))
    • VCHealth (vchealth(dot)io / Discontinued)
    • VCReal/Trudomo (Trudomo(dot)com / Shutdown(for now))
    • VCFreelancer (vcfreelancer(dot)com/ Discontinued)
    • VCBNB (vcbnb(dot)com/ Discontinued)
    • VCStay (vcstay(dot)com/ / Discontinued)
    • VCPool (Private mining pools solution for HashCoop)

    Lawrence Wesley:

    Role: Chief Executive Officer, Microsoft Executive, served as Commanding Officer for DISA, the global comms provider for the US Military. Wes currently provides executive leadership to Architect resources at Microsoft as his primary job. We leverage Wes as needed until such time that the role needs him and that we can financially support a move from Microsoft to Vantage full time.
    Relevant Credentials (e.g.):
    Microsoft executive, also served as an Executive Officer (XO) for DISA (Defense Information Systems Agency
    M.B.A. in Business Administration (summa cum laude); M.Sc.I.T. in Government Information Systems.
    Linkedin
    Background/Experience:
    3 years of working with the VantageCrypto Initiative helping drive infrastructure and solutions for the following software packages

    • VCDepth (CoinMarketFlow(dot)com)
    • Vantage API (https://coinmarketflow(dot)com/subnscriptions)
    • Vantage Triggers (triggers(dot)vantagecrypto(dot)com)
    • VCTrack (vctrack(dot)io / shutdown(for now))
    • VCHealth (vchealth(dot)io / Discontinued)
    • VCReal/Trudomo (Trudomo(dot)com / Shutdown(for now))
    • VCFreelancer (vcfreelancer(dot)com/ Discontinued)
    • VCBNB (vcbnb(dot)com/ Discontinued)
    • VCStay (vcstay(dot)com/ / Discontinued)
    • VCPool (Private mining pools solution for HashCoop)

    Alexander Carrington and Alexander Dreyer

    Two new additions to the team, Alex Dreyer is just wrapping up his PhD in Neuroscience and Alex Carrington has extensive infrastructure engineering and project management experience. Both have been brought on to the team to ramp up our initiative to fully fund and staff and move our project from project to production.

    Extensive development resources

    Not shown in detail are our development staff. We do not share the full details of all of our developers as this would put our project at risk for poachers. While we have some developers that have been with us for the full three years we have been building and they like the project, we can’t afford to pay our developers what some of these other cash rich large projects can afford to pay. The majority of our developers are Ukrainian and Russian, we find eastern block developers are a great balance of skill and value in most cases. We pull from three development resources.

    All of our teams have extensive experience in various PHP frameworks and in-depth python scripting skills. We have additional Java/React resources on our Ukraine team but we primarily push some sort of PHP framework with VUE and python based cli for our current solutions.

    Team Russia:

    Managing the Signals project, this team is small but growing, 1 full time fullstack dev and one part time, we are also bringing on a part-time front end developer to this team.

    Team Ukraine:

    Managing the CMF and API projects, we have 2 full time full stack devs, one part time front end dev, one part time designer, one part time QA. At one time we had 8 full time developers on this team. For this team we use a development staffing solution that allows us to plus up with resources temporarily while we search for long term resources. We have numerous other devs available to us who have worked on our projects before, this team is really easy to scale.

    Team Upwork:

    We hire a lot of adhoc developers through Upwork and often time use trivial projects as a method for evaluating developers for joining our larger initiatives. We also use Upwork for handling billing for existing devs where cross border payments are more difficult to manage. We have a decent sized pool of developers we have worked with here and can also surge talent on demand on this platform.

    Additional Information

    We have looked for the right relationship for some time and after finding Ocean Protocol and digging in we couldn’t be more excited. The more we dig, the more we realize this isn’t a good fit, this is A GREAT FIT, perhaps even a PERFECT FIT. We love the way the glove fits for Vantage & Ocean and we see a future where we are so tightly integrated that the lines between our products and services are nearly indistinguishable.

    We look forward to dominating data with the Ocean Protocol! **Note, there are forward looking statements in this proposal, all made with good faith but with difficult to assess future variables such as regulatory, technological developments in the space,ability to secure future funding and execute.
    5 Likes

    Hey @Vantagecrypto,

    great proposal! For me the Expected-ROI is hinted at but no formula is given. It is described here in the rules of the proposal creation:

    Would it be possible to setup such a formula? Then over time buck will change and bang will change in the formula and the ROI can be evaluated.

    Cheers,
    Robin

    2 Likes

    Extremely excited about this proposal!

    1 Like

    I like the approach very much as I think it’s one of the most advanced fields dealing and working with data. I think it would be a great pilot for OCEAN to also embrace the real-time data/ signaling market. I could imagine that the target group is great to test the market as it’s W3 knowledgable, willing to pay and used to these type of channels. What if OCEAN would become THE market for real-time streaming data, e.g. for crypto or providing its market features as-a-service to such services.

    I’d be curious to see if the signal users themselves would be interested to publish their analytics again as data on the market and create a reinforcement cycle.

    And it would be interesting to learn how BOTS or RoboTraders would consume or even buy - maybe there are further insights about this buying segment and development options for OCEAN.

    1 Like

    Wow, thanks much for your support! We are glad you see the potential we see here as well. We approach users that are used to using crypto and tap into a service that has already been monetized with existing publishers and consumers, in the industry.

    Re: Publishing consumers resulting analytics/ Interesting idea that really goes deep into not just the efficiency of the signal but as well the efficiency of its delivery and execution. This one has a few challenges but nothing that couldn’t be overcome as more trading softwares integrate. I definitely see us re-approaching that idea as we mature.

    Re: Point Of Sale process for signal consumption: We see a standalone market and one that is directly integrated with our analytics platform. The stand alone market is not hard to consume signals with the use of our data bridge, the integrated method will be seamless to the user outside of approving the data purchase with their wallet.

    Standalone market
    A data consumer subscribes to the feed as they would now on the marketplace, they can copy the WS and create a data bridge where they can paste their webhook and the websocket URI. When the WS data stream sends an update, it is relayed to the webhook.

    Integrated market
    A data consumer subscribes to a signal through an interface very similar to the graphics we show for our signal marketplace integration in the proposal above. When they subscribe to the signal, we will automatically pull the WS and will pass a unique webhook for the consumption over to the Ocean Vantage data bridge and configure the indicator/signal ready for them to use natively in the platform.

    Since we are starting with our platform first, we can work up some open source snippets of code for doing things like integrating with ours or another data bridge and providing signal performance stat overlays for the trading platforms that choose to launch an Ocean Marketplace themselves. The key here will be getting platforms to integrate. We don’t think it will be hard to get small platforms to integrate by simply offering free code for easy integration. For the larger platforms, we hope to be able to leverage our relationship with Cryptohopper to tap into their 340,000 active users which could really solidify this as an industry standard.

    1 Like

    We have updated the ROI section of the proposal and welcome any inputs on this section as well.

    1 Like

    i think vantage crypto is the most important site i have ever seen as signal provider after AI bot’s i don’t know if they developing AI bot’s or not , but i used the free MDR
    i tested the free service for MDR signals for more than 2 and half years and i can say it is very powerful more than i imagined
    best of luck for all the team of vantage crypto they done a massive work

    1 Like

    To further accommodate the projects building in the OceanDAO community we have increased the Total Round Funding Available to 272.000 OCEAN for Round 6. Max Individual Proposal Limit = 27.200 OCEAN.

    See more: https://github.com/oceanprotocol/oceandao/wiki

    1 Like

    @Vantagecrypto It is not clear how much OCEAN you’re requesting.