Request: USD $225,830 in ADA at market rate on submission date
Current ADA equivalent: ~1,613,000 ADA at $0.14
Team: 3 (expanding to 6 on funding)
Status: Products live or in final development.
110+ verified testers across Nigeria, Brazil and 8 other countries. se the live signup on lovelace
Why I am posting here first
Before anything goes on-chain, the community deserves to
read it, challenge it, and improve it.
I am a solo founder who has been building on Cardano for almost a year without a grant, without IOG backing, and without
VC money. I tried before in catalyst, was short some 500k and then Catatyst closed.
I want it to be a clean one.
What Posada_io is
Posada_io is a Cardano-native product ecosystem built on one
principle: your identity, your data, and your connections
belong to you.
Three products are live or in final development:
Lovelace A decentralized dating app on Cardano.
Not a concept. Not a whitepaper. A working Flutter app on
Android and iOS with 110+ real verified testers, 18-language
support, full KYC workflow, and a gift economy powered by
$LILY.
Key features: ZK age proofs (Halo2, fully on-device),
Identus DID verification, biometric face uniqueness, MRZ
document check, one-person-one-account enforcement.
No bots. No fake profiles. No data sold.
Launch markets: São Paulo and Lagos/Benin
NoteG Automated trading bot running live on Minswap
DEX on Cardano mainnet. Strategy-driven, real-time signals,
portfolio risk management, non-custodial. Android controller
app in final submission to Google Play and Apple App Store.
$LILY Token CIP-0113 programmable token. 500M fixed
supply. DID-gated: only wallets with valid Identus credentials
can transact, structurally blocking bots and fake accounts at
the token layer. Currently on Cardano Preview testnet.
Mainnet listing pending smart contract audit — which is the
primary blocker this proposal addresses.
The strategic window
Tinder’s subscriber count has declined for six consecutive
quarters. Privacy anxiety among dating app users is rising
globally. No meaningful Web3 dating competitor exists on
Cardano. Charles Hoskinson has publicly called for
“Tinder on blockchain.” Lovelace is the only working
implementation on Cardano today - with execution advantage
right now.
Nigeria ranks 6th globally in crypto adoption with 28.7
million projected users by 2026. São Paulo is Latin America’s
Web3 capital. Both markets have active community leads
already in place. Both are ready.
The window is 12–18 months before funded alternatives emerge.
The governance angle
Lovelace’s identity stack enforces one person, one account
at the infrastructure level. MRZ document verification,
biometric face uniqueness, ZK age proof, Identus DID -
these combine to create verified human identity without
exposing personal data.
This is the same problem Cardano governance has not yet
solved: Sybil resistance for 1p1v voting. We built this
for dating. It works for governance too.
What the treasury gets
The first revenue-generating retail app on Cardano bringing
non-crypto users onto the chain. Real users. Real
transactions. Real ADA demand.
KPIs:
- Month 6: 10,000 registered users, $LILY live on mainnet,
first revenue reported on-chain - Month 12: 50,000 registered users, NoteG Android live,
Byron social network in closed beta, quarterly report
published on-chain
The team
Alain (Diesel) - Founder, CEO. Building on
Cardano. Based in São Paulo, Brazil.
Eno - Community lead, West Africa. Cardano OG, Nigerian
market specialist, university network across Lagos and
Benin City.
André - Community lead, Brazil. São Paulo network,
event onboarding, ambassador programme.
Expanding to six on funding: senior dev/fractional CTO,
SoMe manager, support lead, in-house growth.
Budget
ADA price clause:
This proposal requests USD $225,830 in ADA at market rate
on the date of on-chain submission. All fixed costs are
denominated and settled in USDM. If ADA appreciates after
withdrawal, surplus remains with Posada as operational
reserve. If ADA depreciates, Posada absorbs the shortfall.
No supplementary request will be filed.
MILESTONE-GATED COSTS (static)
| Milestone | Item | Amount |
|---|---|---|
| M1 — Company registered | LTDA setup + legal | $7,500 |
| M1 — Audit complete | Smart contract audit (6 contracts) | $70,000 |
| M2 — Month 1-6 | Staff (dev lead + SoMe) | $29,400 |
| M2 — Month 1-6 | Office/coworking | $5,400 |
| M2 — Month 1-6 | Legal retainer | $3,600 |
| M2 — Month 1-6 | External accountant | $1,800 |
| M2 — Month 1-6 | Tech infrastructure | $4,500 |
| M3 — Month 7-12 | Staff scaled to 6 | $39,600 |
| M3 — Month 7-12 | Office/coworking scaled | $5,400 |
| M3 — Month 7-12 | Legal retainer | $3,600 |
| M3 — Month 7-12 | External accountant | $1,800 |
| M3 — Month 7-12 | Tech infrastructure | $4,500 |
| Subtotal | $176,600 |
FLUID COSTS (activity-based, reported quarterly)
| Item | Annual Estimate |
|---|---|
| São Paulo onboarding | $24,000 |
| Nigeria onboarding (Eno) | $7,200 |
| Contingency | $18,030 |
| Subtotal | $49,230 |
TOTAL: $225,830
Fluid costs are drawn against actual activity.
Guessing user acquisition numbers and milestone-gating
them is dishonest. Quarterly reports will show exactly
what was spent and why.
What this proposal does NOT do
- Does not give the treasury equity, control, or board rights
- Does not commit to IOG, CF, or Intersect approval as
a condition of delivery - Does not promise token price targets
- Does not request a supplementary grant if ADA price drops
- Does not gate fluid costs to arbitrary milestones
Sell pressure context
ADA is converted to USDM as operational costs arise -
not dumped at once. The largest single conversion is the
audit payment at project start. Monthly burn is modest
and reported quarterly.
A note on scale
3–4M ADA proposals from established organizations are
routine in this treasury. This proposal asks for $225,830
to build… NO to launch the retail door Cardano has never had - verified,
bot-free, privacy-first, launching in two of the world’s
fastest-growing crypto markets, and beyond, we see our marked as world wide.
Judge it on that.
Questions welcome
I will answer every substantive question in this thread.
If the community finds errors, gaps, or risks I have not
addressed — I want to know before this goes to a vote,
not after.
This is Cardano’s money. You should know exactly what
you are funding.
Posada_io
X: @DaLohals
Repayment commitment
When Posada.io reaches $1,000,000 in
revenue, the full grant amount ($225,830) will be
repaid to the Cardano treasury in ADA at market
rate at time of repayment.
This is a loan. With no interest.
There is no timeline obligation.
If revenue never reaches $1M, nothing is owed.
WE build what we say we will build, it has been build it’s on testnet.
the treasury gets its money back.