{"signature": "0x6d91fef5aa1ee51ca224b29ea33a5419a08a67d89fa7f44d4b718bda7e9b569a5d3dc0616cd3f932efd4226034eeac813b1d6346056e0574d6190a143e25176c1c", "application": {"round": "0x6142eedc06d80f3b362ce43b4ac52fad679dc850", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "tpus2l9eLz30ByVdcpNwRu9gj8VDSpCAlAXcrBhyFATwt4KY0396aihCb0euGgNx", "encryptedSymmetricKey": "671e705fef1789f7c33b8f8c52d21eb0ffbb1cdf2b408e5f3b64698c2cd14e57b3e9a38fc244a52425cb487610a6af0477ee01d74d3774ab31a95615366930b40a0737017ffd9fa7f002b3d73db45b65c155662a7cc8dec27be650c959d30d8a0bde68c7871f1ba69fef2050725836aecbce4ba7d5c0adedb73da3693df9041600000000000000200809ad109fa50e69e131ca66082c3c436b1114984e6c693f195d27a38781b5af5d8d8e0a07641a2065e0996d2dc3f598"}}, {"type": "paragraph", "answer": "The utoken is a network of web3 and web2 service providers that brings more utilities to tokens, especially stablecoins in the Arbitrum and Uniswap ecosystems, by allowing users to pay for data subscriptions, health insurance, etc., using their token. \n\nThis is made possible through a network of web2 and web3 service providers, the Utoken mobile app, Uniswap, and stablecoins on the arbitrum blockchain. \nThrough the mobile app, we are providing a user-friendly interface for users to access web2 services without the hurdle of dealing with off-ramping and an unfriendly web3 interface for existing protocols.\n\nThe services available include:\n1. Data Subscription\n2. Airtime top-up\n3. Cable TV subscription\n4. Insurance\n5. Savings\n6. Utility\n\nThe goal is to onboard more web2 folks into web3 while creating more utilities for web3 natives holding various digital assets.", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "105000", "hidden": true, "question": "Amount requested (in $)", "questionId": 2}, {"type": "dropdown", "answer": "ARB", "hidden": true, "question": "Payout token", "questionId": 3}, {"type": "short-answer", "answer": "The estimation is based on the cost of development, integration and auditing associated with a project like this.  I have worked on several project at DFMlab supported by ecosystem funds through IB4A(https://x.com/_iamoracle/status/1671942145333182464?s=20) and Wasset(https://x.com/wassetltd/status/1754920128565682672?s=20)", "hidden": true, "question": "How do you account for this fund request?", "questionId": 4}, {"type": "paragraph", "answer": "The funds received will be spent on \n\n1. UI/UX improvement ($5,000):\nThis will be used for redesigning an improved UI/UX for the app and integrating the Uniswap token swap web app.\n\n2. Exclusive support and integration for ten stablecoins and utility tokens on the Uniswap/arbitrum ecosystem ($40,000):\nThe funds provided will be used for the development of the backend and frontend sides of things for token transaction verification and wallet integration, among many others. This will require a backend developer, a mobile application developer, a DevOps engineer, and a blockchain developer, with an average cost of $5k/dev per month for a duration of two to three months.\n\n3. Integration and support for more web2 and web3 service providers ($30,000):\nThis will be used for API integration, API server hosting, etc. It will be used for integration with existing insurance protocols in the Arbitrum ecosystem, like Opencover. It will involve a backend engineer and a devOps engineer.\n\n4. Security audit and public testing ($30,000)\nThe app will go through several testing phases and an external audit by a reputable auditing firm like Credshield or Consensys.\n- Alpha and Beta Testing:  $15,000\n- External Auditing: $15,000", "hidden": false, "question": "How will you use these funds? Please make a detailed plan for expenditures.", "questionId": 5}, {"type": "dropdown", "answer": "Uniswap on Arbitrum Ecosystem tools or products", "hidden": false, "question": "Which RFP is this project covering? ", "questionId": 6}, {"type": "short-answer", "answer": "By integrating Uniswap as integrated token swap app into our our mobile app users can easily converts their utility tokens or the native token into stablecoins which can be used to access TradFi and DeFi services like insurance.", "hidden": false, "question": "How do you think this project fits in with Uniswap?", "questionId": 7}, {"type": "paragraph", "answer": "The Utoken app will bring the following to the ecosystem:\n1. More utilities for existing users:\nBy integrating stablecoins within the uniswap arbitrum ecosystem, crypto natives can now access more utilities that are currently unavailable with current DeFi protocols. This includes paying for cable TV subscriptions and data subscriptions without the need to off-ramp.\n\n2. Onboarding new users:\nAs it currently stands, DeFi protocols currently capture a small percentage of what is possible as far as finance is concerned. Through the integration of the two ecosystems, we can onboard Web2 users through the use of stable coins by merging TradFi with DeFi.\n\n3. Onboarding web2 companies or service providers:\nPart of our objectives, aside from integrating web2 service provider APIs, is to encourage existing web2 companies to adopt stablecoins as a payment option. With that, we can onboard these companies while potentially onboarding thousands or even millions of users who use their services.\n\n4. More adoption of stablecoins and tokenization of RWAs:\nBy integrating both ecosystems, we can foster more use of stablecoins and, in extension, utility tokens. Through the adoption of stablecoins, RWA can really be a thing, as users can now buy tokenized assets through the uniwap interface.", "hidden": false, "question": "What benefits will this project bring to Uniswap in the Arbitrum ecosystem?", "questionId": 8}, {"type": "short-answer", "answer": "Not yet but we plan to perform an Audit as highlighted in our milestones", "hidden": true, "question": "Has this project undergone a security audit? If not, are you planning to undergo it?", "questionId": 9}, {"type": "short-answer", "answer": "No", "hidden": false, "question": "Is this project open-source? (If yes, share the repository link).", "questionId": 10}, {"type": "paragraph", "answer": "1. We will start with an improved UI-based on users feedback and architectural review\n2. Integrating and receiving technical support from service providers, including documentation support, test funds, service agreements, etc.\n3. API testing using Postman tools\n4. Custom API development and documentation\n5. Integration with mobile application developer to test API functionalities\n6. Integration of web3 infrastructures like Alchemy for transaction confirmation and other blockchain-related functionalities\n5. Dockerization of service and service routers by DevOps engineer\n6. Alpha test using script and manual testing\n7. Bug fix \n8. Beta test selecting users from the ecosystem\n9. Security Audit\n10. Launching\n", "hidden": true, "question": "What is the workflow chosen for this project? (You can mention development practices, tools, programming languages, etc.)", "questionId": 11}, {"type": "short-answer", "answer": "https://expo.dev//accounts/kingray/projects/uToken/builds/623842f3-7efd-4911-9668-f11d62e10d9a", "hidden": true, "question": "Does this project have a demo? If yes, share a public link.", "questionId": 12}, {"type": "short-answer", "answer": "Web3 natives, web2 service providers and web2 users", "hidden": true, "question": "What is the target audience for this project? (Mention if there is a market launch plan).", "questionId": 13}, {"type": "paragraph", "answer": "- Boyejo Oluwafemi (Founder and lead product manager)\n\n- Ayemimowa Oluwafemi (Product UI/UX designer)\n\n- Okeofu Peace (Product manager)\n\n- Ray King (Frontend and mobile application developer)\n\n- Owolabi Bassit (Backend developer)\n\n- Emmanuel James (DevOps Engineer)\n", "hidden": false, "question": "Who are the members of the team?", "questionId": 14}, {"type": "paragraph", "answer": "- **Boyejo Oluwafemi (Founder and lead product manager)**\nBoyejo is a trained mechanical engineer turned blockchain enthusiast with a strong passion for the real adoption of crypto and the tokenization of RWA. He is the co-founder of the Wasset Protocol and has led several projects, including Inclusive Blockchain for Africa (https://dfmlab-1661264159599.hashnode.dev/all-you-need-to-know-about-inclusive-blockchain-for-africa-ib4a) and ESP mouth guard (https://www.espmouthguards.com/)\n\n- **Ayemimowa Oluwafemi (Product UI/UX designer)**\nFemi is a talented product designer with over 6 years of experience working with various companies, from fintech to blockchain products.\n\n- **Okeofu Peace (Product manager)**\nPeace is a talented product manager with an eye for details. She currently works with the Utoken team on the first iteration of the mobile app.\n\n- **Ray King (Frontend and mobile application developer)**\nKing is a talented frontend and mobile application developer with over 4 years of experience. He has worked on several blockchain projects, including the Wasset marketplace app. He is also an instructor at the Blockchain Innovation Hub's (BIH) X Arbitrum program.\n\n- **Owolabi Bassit (Backend developer)**\nBackend Engineer at Wasset (wasset.io) with over four years experience.\n \n- **Emmanuel James (DevOps Engineer)**\nDevOps engineer at Vascon solutions with over four years experience\n", "hidden": true, "question": "Describe team members' experience and current roles for this project.", "questionId": 15}, {"type": "paragraph", "answer": "- **UI/UX redesign**\nKPI: A new improved Ui that can be viewed over Figma\n\n- **UI implementation**\nKPI: An improved UI/UX based on the improved design accessible on request via the github repo or test build.\n\n- **Support for new service providers**\nKPI: New services will be visible to users on the mobile app dashboard and is accessible through a test build or downloading the app\n\n- **Uniswap Integration**\nKPI: users can access the Uniswap interface directly on the mobile app \n\n- **Integration of 10 stablecoins/utility tokens**\nKPI: Supported tokens will now be visible to users on the app when trying to make payment e.g pay for bill on the mobile app\n\n- **Security Audit**\nKPI: Audit report from the Auditing company and bug reports from devs.", "hidden": false, "question": "What are the Project Milestones? (Be very specific and write a roadmap highlighting critical deliverables of the project; mention how you will ensure to supervise and track them).", "questionId": 16}, {"type": "paragraph", "answer": "- **UI/UX redesign**\nWe will achieve this by collecting feedback through surveys and live interviews.\n\n- **UI Implementation**\nThe feedback will be implemented in Figma and reviewed by the rest of the development team. The new design will then be implemented by the mobile application developer\n\n- **Support for new service providers**\nWe will be working with new service providers to expand our current reach through documentation support and API implementation.\n\n- **Uniswap Integration**\nWe will be integrating the Uniswap swap tool using the available documentation and plugin\n\n- **Integration of 10 stablecoins and utility tokens**\nWe will be using infrastructure providers like Infura or Alchemy with their documentation to validate transactions relevant to the selected tokens and price feeds using token aggregator APIs.\n\n- **Security Audit**\nWe will be working with a reputable audit company to perform various tests and checks for security vulnerabilities and reliability of service.", "hidden": false, "question": "How do you plan to reach these milestones? (Explain the project feasibility).", "questionId": 17}, {"type": "multiple-choice", "answer": "No", "hidden": true, "question": "Has this project already been funded by other Grant Programs?", "questionId": 18}, {"type": "checkbox", "answer": ["I confirm."], "hidden": true, "question": "I confirm that I have read the Code of Conduct and that I have filled out this form correctly and truthfully.", "questionId": 19}, {"type": "checkbox", "answer": ["I understand."], "hidden": true, "question": "I understand that I will be required to provide KYC information by the UAGP team in case my application is accepted.", "questionId": 20}, {"type": "short-answer", "answer": "Gitgrant", "hidden": true, "question": "How did you find out about UAGP?", "questionId": 21}, {"type": "paragraph", "answer": "If there is any question about the milestone deliverables, I am always available to give answers and insight on why this is important for us and the uniswap-arbitrum ecosystem.\n\nAdditional Contact: business@utoken.network", "hidden": true, "question": "Additional information", "questionId": 22}, {"type": "short-answer", "answer": "I have two reference person who know me personally Mr. Aliu Musa (Senior Program Manager: Arbitrum Foundation) and Mr. Oyeniyi Abiola (Founder: Blockchain Innovation Hub)", "hidden": true, "question": "Special requests", "questionId": 23}], "project": {"id": "42161:0x73ab205af1476dc22104a6b8b3d4c273b58c6e27:488", "title": "Utoken", "logoImg": "bafkreihdoxs7gsfs5bz2v6wyzq35xjbjcbrgoiaan3bpy5zhjjezdh3nje", "metaPtr": {"pointer": "bafkreift4njvwidutnhdpv6opgmtugvvlqjxggun2b3j4ce4ut37xpvsqm", "protocol": "1"}, "website": "https://utoken.network", "bannerImg": "bafkreidnerrm6qcizs3fvf7x2ebtdqcxkzobg7b4vj7jqkecysnu7k4y2e", "createdAt": 1707416980042, "userGithub": "utokens", "credentials": {}, "description": "## Introduction\nThe adoption of cryptocurrency like USDC for payment for services and goods has shown us how stablecoins could potentially transform payments and cross-border remittances. While the underlying technology is very promising, the adoption rate is still very low, limited to trading and DeFi applications. With Utoken, we are merging traditional finance with blockchain technology to drive more adoption.\n\n## About Utoken\nThe utoken app brings more utilities to tokens, especially stablecoins in the Arbitrum and Uniswap ecosystems, by allowing users to make bill payments (data subscriptions) using their token. This is made possible through a network of web2 and web3 service providers.\n*The illustration shows how the platform integrates with both Uniswap and Arbitrum ecosystem.*\n![Utoken platform](https://gitgrantimages.s3.amazonaws.com/utoken+uniswap-arb.jpg)\nThe services available include:\n\n1. Data Subscription\n2. Airtime top-up\n3. Cable TV subscription\n4. Insurance\n5. Savings\n6. Utility\nMore services are to be included in the future.\n\n## Value for users in the Arbitrum/Uniswap ecosystem\n\n1. Instant bill payment (powered by Arbitrum One's fast transaction)\n2. No KYC\n3. No off-ramping stress\n4. Zero off-ramping fee\n5. More utility for users holding various assets\n*The illustration below shows the user flow for using the application.*\n![Utoken Flow](https://gitgrantimages.s3.amazonaws.com/utoken+uniswap-arb+app+flow.jpg)\n", "lastUpdated": 0, "projectGithub": "Utoken", "projectTwitter": "utoken_network"}, "recipient": "0x058436aEed7c915Fe6d30100C955aB1ead2634E3"}}