{"signature": "0x01d2493bbc5d5e974cb1366b18bf45c9af292dde34b4a4d31448decbe0eaa5020621eccc8c95b30fd2170768484adc96a332ddb16a63f7d5b9986f91b06b929e1b", "application": {"round": "0xf3dc658c73fc3e931d6d621f33c30c333e342132", "answers": [{"type": "multiple-choice", "hidden": true, "question": "We distribute funds in $TEC on Optimism Chain (OP Mainnet). Please confirm that you are aware of that.", "questionId": 0, "encryptedAnswer": {"ciphertext": "Bc6GqIa+uvfeQk2YtLEyA6M66Cfpn9Ej86kkpmMZemc=", "encryptedSymmetricKey": "ab36fcede8901e65c8b3b1b8f5bf4358a1f7c110fe057456e14662ec1584caf6a22e0983408e7076a16780616f3485113c5719fb2957c873e971eaf80ca05e1bb58c6bce273bd7fb1f80343e86f5c4826aa4510745b865d003e4ca8806ad7795d5370352e5678b8f8b18ce587daff2450b247126bd5f55ed751753a5ed57b3380000000000000020b7449be4f93cbcc1be0db0fb4f82ffda10b58696d8f7d7e4dbe6e07d081ba08593654cb2bb9471d206dd06842f733c8e"}}, {"type": "email", "hidden": true, "question": "Email address", "questionId": 1, "encryptedAnswer": {"ciphertext": "9c0vplGDAQo+OTLUMWPXe1lAMTHdomzIZ0WZR/WJWAy+BSIrxfB4itwX4gLSstPD", "encryptedSymmetricKey": "f145e60932b6f16ab75e05bc972bcb1f59ed0184b4d56625482b68c1ab5be4f107ea6451c7ebb4d067a5b0f57397a70071a888666533d5287125ba4710d8445bb81619180eb01e41afba7ce3d3a563702320d87a9461b9bad40cc389b13072b5d97568e85baad20aea1102bae3b56e67fae155b6a9e1550d9cef57b28cd1ed2b0000000000000020a1bcf4f7c8360446af47b576fd08592315e2d6be45c56d86503fc8cc390bee1217121e1d74437ffef613c2ba4f18d88d"}}, {"type": "short-answer", "hidden": true, "question": "Telegram handle", "questionId": 2, "encryptedAnswer": {"ciphertext": "WdymHRE7dHd1c29ChplDLyMG/bqlurxiIWMjihPv8OM=", "encryptedSymmetricKey": "1eb39a4d98a3013dd9bf61e57848fca442310b9d35ab88879a7bdac3ca0b79d9c364340f6f31ade22cac83ed7263fe16e0c2303705a373fac4c5c59f6cdb271463ecd4bacc59f32fa3ed8cecc210fd6bc0045674f985e37b9129bac50fd1418b1ac142d9a2a72998e0126421dd63cbba8f8261e0fa05116ca3e0a3504e9bcd14000000000000002016dbceaf093f8104ab3291678b3641944172fbde55c65da351a06b407fb15023af19e1337c0fa5b792df890a8ed18194"}}, {"type": "address", "hidden": true, "question": "If you participated in past Gitcoin grant rounds using a different project payout wallet address, please share it here.", "questionId": 3, "encryptedAnswer": {"ciphertext": "8U4oM9mgXVNGYLZ1T95k+VVj+bMAwMUHZSoO88cee5I=", "encryptedSymmetricKey": "a306bacfee91aeac64ca7923bd2e4609d4fd6c3f260549e0550d0b65d57dc712ed155b22cb764553eb1af4f72aec160f94a7c7ba79a3c56684f2ba378fcb768c41310ebb9f6ae9aab8a18c9b21934466b6ac80075bbce2e6fc9a5aeeeaa9c3aae27b289f448d8caf89e09d617d162d7123e31bd54d7a1d105e54e49ff7433b1f000000000000002020a5715b77519101f8fffed327cdf168c0f1cef76972a63a2dae46433eef194392b6b0dfccb28a9f7af41757fb4e3fab"}}, {"type": "multiple-choice", "answer": "Yes", "hidden": false, "question": "Have you read and confirmed that your project abides by the Program General Eligibility Policy? https://tinyurl.com/tegrants-policy", "questionId": 4}, {"type": "paragraph", "answer": "1. Karla Obakpolor - https://www.linkedin.com/in/karla-obakpolor-932b1b44/\nI am the founder of Crypto Smart, a B2B asset management company.\nI founded Crypto Smart in Feb 2021 with a small team, and since then we have consisitently made progress.\n\nWe have established:\n\n1. A Tech-Not-For profit - B<>rder/ess.\n2. A Trading Academy\n3. A good ecosystem partner relationship with Algorand Blockchain\n4. And the completion/invention of the Bitsave Protocol.\n\nand a lot of other things, all without raising any funding.\n\n1. Primidac - https://github.com/primidac\nPrince Michael Dalafi aka Primidac is the Chief Technology Officer of Crypto Smart since early 2022.\n2. Great Adams - https://github.com/greatAdams01\nGreat Adams is a developer proficient in Javascript and one of the tutors in the B<>rder/ess dev program, he joined the Crypto Smart Tech Team in 2021.\n3. Xpan Victor - https://github.com/xpanvictor\nVictor is the lead Developer for Bitsave Protocol, he contributed to the foundational maths and logic developement for the Bitsave protocol in 2022.\n\nGitHub (https://github.com/primidac)", "hidden": false, "question": "Individual or team summary", "questionId": 5}, {"type": "multiple-choice", "answer": "Tooling", "hidden": false, "question": "Project category", "questionId": 6}, {"type": "paragraph", "answer": "We seek to solve the problem with $BTS token experiment of rewarding non Crypto native web2 users for saving in crypto.", "hidden": false, "question": "What specific problem(s) do you seek to solve with this grant, and how will you know whether you have accomplished your goal(s)?", "questionId": 7}, {"type": "paragraph", "answer": "\n\nBitsave doesn't contribute directly to Token Engineering, but it does contribute indirectly through the experiments.  1. Bitsave is an easier form of DeFi that\u00a0**helps the masses access and save in stablecoins easily and affordably**\u00a0without going to the bank to buy dollars at costs and processes the average man can't afford.\n2. Bitsave's UX makes accessing savings and doing Crypto on Arbitrum\u00a0**easy enough for the masses to understand.**\n3. **Our strategy of onboarding involves working with the masses**\u00a0and the Market women/men and market savings associations\u00a0*(Aka thrift collection or akawo)*, to give them a solution to saving in USDT.", "hidden": false, "question": "Describe how your project contributes to token engineering and why it is a valuable public good.", "questionId": 8}, {"type": "multiple-choice", "answer": "Minimum viable product (MVP)", "hidden": false, "question": "What stage do you consider your project is currently in?", "questionId": 9}, {"type": "paragraph", "answer": "https://gap.karmahq.xyz/project/bitsave-protocol/grants?tab=milestones-and-updates&grantId=0xaa3dc793c2fcb300bac77b2769c624e59ce425da53463ffcf6e45820710e3540", "hidden": false, "question": "Please share any new updates or milestones from the prior months.", "questionId": 10}, {"type": "paragraph", "hidden": false, "question": "If your project has received prior funding from the Token Engineering Grants Program, please describe the impact that funding has had on the project.", "questionId": 11}, {"type": "short-answer", "answer": "2 Years (I've been funding development personally for 2 years).", "hidden": false, "question": "Previous project funding sources (VC, grants, token sales, etc.)", "questionId": 12}, {"type": "number", "answer": "3000", "hidden": false, "question": "Total prior funding for the project in USD", "questionId": 13}, {"type": "short-answer", "hidden": true, "question": "How did you hear about the Token Engineering Grants Program?", "questionId": 14, "encryptedAnswer": {"ciphertext": "HsmbLY58ltQML8aApj+YCPhtU2sJg7TGNv/oTI9B7Wc=", "encryptedSymmetricKey": "bb1715d89e9144476f0a005ad2bc0e77f526400c16913da15a42399d3bdaa368d4347ebd509a34ff4cf2e9bac9301f0bcc083681a428e7c1a34e1f8ef581b5a9df576073ec6bcf362d395430fa5f83993485dd819fb8a0ad8e2d2be5e4fddc8ebd9f1aa3eb09491163ff3d018cf7467f2632b09ac2a68d87a02bc0dfbfa5b5e500000000000000207ced5c677811f553417019b0cc4bcc259ef0e8ea510c31cc08c24ea2a096283feb0ec7ed823776f6fe2e30ef7c12d3b3"}}, {"type": "multiple-choice", "hidden": true, "question": "Would you agree to participate in a follow-up survey approximately 8 weeks after the grant round to assess the impact of the funding on your project?", "questionId": 15, "encryptedAnswer": {"ciphertext": "MsVNyIdGQboyi24ehpSQsnKlHsB5dPcRtuZVknewM5I=", "encryptedSymmetricKey": "9df3fb69a927334f15858ba210add894617aa0be8f2e727f829f3b68d921e37e8d48680a1e95fbd8378ffaa369ad090ab50096855095e95adcffd14ac2ebb24b54ed5f75d35ae13ebd7fc7a661df4af407b1c107d4f5fe87e7b079dccf2fc58a0beea583fa4dbc832ed1cb56256e839d2f002259fa76871fb54b3550b68cf82b0000000000000020adc89688bdbcc6ae419407ef04100f782df331ee9428a221e7d9bbf1f60113ae33cb818260f4810cd5ce58392ebb01a7"}}, {"type": "paragraph", "answer": "We won the Omnichain Hackathon in 2023", "hidden": false, "question": "Anything else you'd like to share about your project, previous work, or other project affiliations? Anything you'd like to add that has not been covered?", "questionId": 16}], "project": {"id": "0x0d4cee5aba84526fa9bfab5c08a9ded987f2c948a46da395230c6c811b44eee6", "title": "Bitsave Protocol", "logoImg": "bafkreibum6gxbqfw2myxl2zo34wbhuzmtirb4tjzg3jqr6jnnl3sjbq6nu", "metaPtr": {"pointer": "bafkreigammy4dghhzrgaruw7fbkwfxqcmgjq2ahmfq3puadbeki6ocaowu", "protocol": "undefined"}, "website": "https://bitsave.cryptosmartnow.io/", "bannerImg": "bafkreia6whvd2ielb3yz7vpvckmezvzn3fx6vpuj3ct4mfc2723cdzgoxm", "createdAt": 1713454673809, "userGithub": "BitsaveNigeria", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..AE_kkujo2HDDljqUcCDwlPbiyepzw9FNrvOztfUfa3zfFBPTGIJqdnhj0geqy4adbdp5IH0DfKtOJzT-CsitAg", "type": "Ed25519Signature2018", "created": "2024-04-18T15:17:13.867Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-18T15:17:13.867Z", "expirationDate": "2024-07-17T15:17:13.867Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x72578e136E72A18A832be6762230a820f514d180", "hash": "v0.0.0:dkjUOIkl6HXfTnc9Ov8UlOtz++SNUpINuNaR84LOLBs=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#CryptoSmartNow#107388068"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..x_Si8QZrlThfGetg1kEqQI2kCkWX_ItOSZO23B7ziEM9pX5CdnilhbdnB95s5GvDoCk4yU9LU3Pwl08EB3Y5Dw", "type": "Ed25519Signature2018", "created": "2024-04-18T15:07:00.389Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-18T15:07:00.389Z", "expirationDate": "2024-07-17T15:07:00.389Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x72578e136E72A18A832be6762230a820f514d180", "hash": "v0.0.0:+g1I9noEbzCg57oGkzPWnjQ5xyvrrfO0M6LiQp2Dkcs=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#cryptosmartnow"}}}, "description": "WHAT IS BITSAVE?\n\nBitsave is a savings protocol that helps users save and earn in Cryptocurrency without losing their savings to Market volatility.\n\nBITSAVE SOLUTION (simplified)\n\n- Bitsave helps web2 users in African Countries escape inflation in their fiat currencies by saving in dollars.\n- The dollar is not easily accessible to the average African.\n- Bitsave helps users create an automatic recurring savings plan\n\nWe've seen newbies lose their savings like school fees, house rent, college funds etc to Crypto, we understand that people hear about crypto and want to rush in immediately.\n\nWith Bitsave, newbies and oldies can protect their funds from market volatility, while still earning interest in crypto, a protocol that works based on maths and economic formulas to set rates and pay interests.\n\n***How does Bitsave work?***\n\n1. Users typically save in a Stable coins, DAI, USDT or USDC\n\n[![AF7v-Gr-N-Imgur.jpg](https://i.postimg.cc/KvGCG2Lx/AF7v-Gr-N-Imgur.jpg)](https://postimg.cc/V5hKg2DV)\n\n2. Users can create a savings plan and make unlimited deposits to their savings plan, e.g., \"Rent, School fees, Vacation\" etc, and they earn rewards in the protocol tokens $BTS, typically the native token of the Bitsave Protocol.\n\n[![fy-PBgl-B-Imgur.jpg](https://i.postimg.cc/FszjGxtb/fy-PBgl-B-Imgur.jpg)](https://postimg.cc/mtxzgCgh)\n\n3. Users can create a savings plan in 3 simple steps, and set different parameters for their savings plan;\n\n- Name your savings plan\n- Set the duration for your savings, using the calendar\n- Set a penalty fee if you forfeit your savings\n\n[![image.jpg](https://i.postimg.cc/zGnSRGZ4/image.jpg)](https://postimg.cc/3kxDs7wZ)\n\n[![n-ROUm-OO-Imgur.jpg](https://i.postimg.cc/TP2GW0Hm/n-ROUm-OO-Imgur.jpg)](https://postimg.cc/VJh2xqwL)\n\n[![image-1.jpg](https://i.postimg.cc/cCR5hyvJ/image-1.jpg)](https://postimg.cc/zHfjDQSm)\n\n[![4-J1l-BRY-Imgur.jpg](https://i.postimg.cc/MHV88QN9/4-J1l-BRY-Imgur.jpg)](https://postimg.cc/4Hf06mJc)\n\n***A Side Note \ud83d\uddd2\ufe0f***\n\nBitsave isn't just another product, it's a new value chain. The web3 space is used to DeFi which are investment protocols, and now we're introducing them to SaveFi which are savings protocols that prioritize the stability of user savings over earning from crypto volatility.\n\nWHAT HAPPENS IN THE BITSAVE PROTOCOL\n\n1. Users Create a Savings plan and deposit in a Stable Coin.\n\n- Users aren't depositing into a pool like DeFi protocols that a hacker could access.\n\n- When a user is creating a savings plan, they're giving parameters for a child contract to be created under the Bitsave Protocol Parent contract which holds their funds and is only accessible by their wallet.\n\nThis makes it such that every user's savings deposit is tied to their wallet so that in case of an exploit, the hacker wouldn't have access to user funds, except they have access to user's private keys.\n\n1. Users' Interests\n- Interests are calculated using several variables and constants in the algorithm;\n-Simple interest formula\n-Bitsave Rate formula.\n-Bitsave has a buy-back mechanism that buys\n\n2. Users' Savings Plans and Fees\nUsers are charged a 1-time savings fee on savings plan creation (child contract), every fee is split in a 50:50 ratio, where 1 part goes to a buy-back wallet to buy back the protocol native tokens from any AMM or Dex in the native chain's ecosystem.\n\nCONCLUSION\nBitsave isn't just another product, it's a new value chain, The web 3 space is used to DeFi, and now we're introducing them to SaveFi.\n", "lastUpdated": 0, "projectGithub": "CryptoSmartNow", "projectTwitter": "cryptosmartnow"}, "recipient": "0x72578e136E72A18A832be6762230a820f514d180"}}