{"signature": "0xf3afc18904f5324d3dec976179135eba2bac0116f42b4f445a1403d95e80ff5510a62ec0f15d87992116279af85efe10e9aea5429368d61262ab4ec953cab1631c", "application": {"round": "0x6142eedc06d80f3b362ce43b4ac52fad679dc850", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "gjWDpibeZ4j/DsQI9HBDwxZK/+qI26b8sjVDw+Cdf9A=", "encryptedSymmetricKey": "10ba844608b0329d4a3f23d79ecd636f16aa637bd87bd80c56a31bb81ac94ae244517aceccb18fbb9ae5235c71064301cce93164a3911669cff046673b58abc087d5f944d4687ba2acc5085166301f3816d076ef23a96d7ae0b33433052b198ff496a25ec6fbe88b93fbb038ed4f46497e4b31f9358265501944d53817bda2f90000000000000020d7854f853112d0b48227781f0d2d8b20c90305bc1bb178d79b37e677bb954c354a80f22b46dfc2578f192bdcb0425b8d"}}, {"type": "paragraph", "answer": "Fiat24 is the first regulated and licensed Swiss fintech bank that is exclusively built on a public blockchain (Arbitrum). Unlike any other traditional bank, we have completely abandoned servers, with all banking logics run by smart contracts, and our clients being identified via their Fiat24 NFT. You might imagine us as an additional fiat layer for DEXs, such as Uniswap. In fact, clients can not only top-up their Swiss bank accounts via international money transfer, but also by selling their crypto assets. All crypto tokens go through Uniswap before arriving in our treasury, meaning that Uniswap is our liquidity provider. We are directly connected with the Swiss National Bank, European Central Bank, and Visa Payment Network, and all real-world payment data, which is all booked on Arbitrum. Since we are a bank that is fully run by protocols, you can easily access your Swiss e-banking portal directly inside your non-custodial crypto wallet (such as MetaMask or Uniswap Wallet) by using this link (http://www.fiat24.com). We feel that we are the ideal showcase that has successfully combined the power of both Arbitrum (infrastructure) and Uniswap (liquidity provider) to demonstrate what will be the driver for mainstream adoption. We believe that Fiat24 will bring about a positive and substantial impact to both ecosystems (Arbitrum and Uniswap) in that we have created a practical and necessary application, combined with being fully compliant and regulated.", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "171000", "hidden": true, "question": "Amount requested (in $)", "questionId": 2}, {"type": "dropdown", "answer": "ARB", "hidden": true, "question": "Payout token", "questionId": 3}, {"type": "short-answer", "answer": "Please refer to the next question", "hidden": true, "question": "How do you account for this fund request?", "questionId": 4}, {"type": "paragraph", "answer": "1.\tUser Acquisition (within 3 months): Incentivize new clients to open accounts with Fiat24 and encourage existing clients to utilize Fiat24 banking services.\n\no\tDeliverable: 1) 5\u2019000 KYCed Client, reflected in NFT, status = Live. 2) 50\u2019000 NFTs minted, as each address can only hold one NFT, having 50,000 new NFTs is equivalent to having 50,000 new UAW, 3) 30\u2019000 smart contract interactions.\no\tBudget: ARB 75\u2019000\n\n2.\tMarketing and Community Building (within 3 months): Implement marketing strategies and foster community engagement and education.\n\no\tDeliverable: increase the number of Twitter followers by 20,000\no\tBudget: 10'000 ARB\n\n3.\tPartnership Development and Integration (within 3 months): Establish and announce partnerships and integrations with other DeFi projects.\n\no\tDeliverable: convince two more wallets to integrate Fiat24 as a native function\no\tBudget: 10'000 ARB", "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": "Fiat24 is one of the rare projects that uses blockchain technology to address a real-life problem. We take pride in the fact that the Swiss Bank Regulator allows us to operate a bank in a purely web3 manner. In our system, we have two important infrastructures: Arbitrum, serving as our database, and Uniswap, acting as our liquidity provider. We are even experimenting with using Uniswap for fiat currency FX transactions, such as EURO/USD.  The success of our project could serve as a significant inspiration for regulators and fellow banks worldwide. Blockchain technology, and even DeFi DEX platforms, can be leveraged to enhance the efficiency of traditional financial institutions. Through Fiat24 as a showcase, we hope to encourage more users, institutions, and governments to embrace the new data structures of web3. We aspire to see a future where banks like Deutsche Bank and J.P. Morgan engage in trillion-level FX transactions on Uniswap, which would be much more efficient than the existing systems.", "hidden": false, "question": "How do you think this project fits in with Uniswap?", "questionId": 7}, {"type": "paragraph", "answer": "Fiat24 is the first bank to operate in a web3 manner. We open a Swiss crypto-friendly offshore bank account for clients from over 100 countries worldwide. Clients can not only use this account for traditional bank transfers but also directly convert crypto currencies into fiat within Fiat24's online banking platform. All cryptocurrencies are first exchanged through Uniswap into stablecoins, and as these stablecoins enter our smart contract, we credit the equivalent amount to the client's fiat account. All transactions are executed through smart contracts, and transaction records are booked on Arbitrum.", "hidden": false, "question": "What benefits will this project bring to Uniswap in the Arbitrum ecosystem?", "questionId": 8}, {"type": "short-answer", "answer": "yes", "hidden": true, "question": "Has this project undergone a security audit? If not, are you planning to undergo it?", "questionId": 9}, {"type": "short-answer", "answer": "https://docs.fiat24.com/developer/integration-guide/part-1-smart-contracts", "hidden": false, "question": "Is this project open-source? (If yes, share the repository link).", "questionId": 10}, {"type": "paragraph", "answer": "Solidity", "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": "www.fiat24.com", "hidden": true, "question": "Does this project have a demo? If yes, share a public link.", "questionId": 12}, {"type": "short-answer", "answer": "Global DeFi 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": "Harry ZHANG (CEO), Yang LAN (Head of BD), ,Nico B\u00fcCHEL (CTO), Aleksandra Zilly (Head of Legal & Compliance)", "hidden": false, "question": "Who are the members of the team?", "questionId": 14}, {"type": "paragraph", "answer": "\u2022\tHarry ZHANG, CFA (CEO) \n\no\tBackground: MSc in Computer Science from ETH Zurich (7th In the QS 2024) \no\tExperience: After graduating from university, he worked as an IT consultant at Hewlett-Packard (HP) for 5 years. Later, he switched to Avaloq, the largest core banking software company in Switzerland, as an engineer. From 2013 onwards, he was responsible for tokenization business at UBS, where he was involved in the early development of UBS blockchain projects. Harry is a rare talent with both over 10 years of IT development experience, and comprehensive knowledge of finance, holds the CFA designation, and has several years of work experience at UBS, Switzerland's largest bank.\no\tSkills: Solidity, Smart Contract, Core Banking System\n\n\u2022\tYang LAN, CFA, MBA (Head of Business Development) \n\no\tBackground: MSc in Economics from Munich University (54th in the QS 2024) and MBA from IE Business School (8th in the QS 2024)\no\tExperience: After graduating from university, he worked in investment bank in Frankfurt and London for 3 years. Since 2009, he has been working in private banks as institutional sales in Zurich, Switzerland. He has previously worked for international banks such as UBS, Deutsche Bank, and Commerzbank. Prior to joining the Fiat24 project, he had a total of 12 years of experience in the banking industry.\no\tSkills: Banking & Finance, Fund Raising, Institutional Sales\n\n\u2022\tNico B\u00fcCHEL (CTO) \n\no\tBackground: BS in Computer Science from Swiss University of Applied Sciences\no\tExperience: Nico joined the core team of fiat24 in 2018. Prior to this, he worked at SIX (Swiss National Stock Exchange) for 17 years, serving as the head of one of the four IT departments, directly reporting to the CTO.\no\tSkills: Solidity, Smart Contract, Python, C++, Machine Learning\n\n\u2022\tAleksandra Zilly, PhD candidate (Head of Legal & Compliance)\n\no\tBackground: Bachelor of Laws at King\u2019s College London, Master of Laws at Humboldt-Universit\u00e4t Berlin, PhD candidate at the University of Zurich.\no\tExperience: She previously worked at law firms such as Baker McKenzie and served as a university lecturer at the University of Zurich. After that, she joined SIX Digital Exchange (the first state-owned Security Token exchange), focusing on the field of blockchain compliance. In 2021, she joined the fiat24 team as the Head of Legal & Compliance.\no\tSkills: Law, Blockchain Compliance, Risk Management", "hidden": true, "question": "Describe team members' experience and current roles for this project.", "questionId": 15}, {"type": "paragraph", "answer": "1.\tUser Adoption: \n\nFrom the day of receiving the grant, within 3 months, bring in 5,000 more KYC-verified clients and aim to increase the new UAW by 50,000. ///Note: As of today (29.01.2024), there are 23.7k Fiat24 NFTs minted, out of which 1.9k clients have completed the KYC process. For account opening at Fiat24, clients need to mint a Fiat24 NFT and then go through the KYC process. If KYC is approved, the client opens a Swiss bank account with us. All KYC-verified clients are required to upload encrypted information from the passport chip via NFC on their mobile phones, rather than just taking a selfie with the passport. Our data is audited twice a year by Grant Thornton and we are directly supervised by the Swiss Bank Regulator. NFT Contract Address: https://arbiscan.io/address/0x133CAEecA096cA54889db71956c7f75862Ead7A0\n\n2.\tLiquidity: \n\nFrom the day of receiving the grant, bring 1 million USD Total Value Locked (TVL) within 3 months.\n\n3.\tContract Interaction: \n\nFrom the day of receiving the grant, aim to increase contract interactions by 30,000 within 3 months. ///Note: As of today (29.01.2024), our booking contract has just exceeded 10,000 interactions. It's important to note that each transaction is supported by a real-world payment transaction (Visa, Swift, SEPA, etc.), making it impossible to manipulate any of the transactions. Contract Address: https://arbiscan.io/token/0x2c5d06f591d0d8cd43ac232c2b654475a142c7da\n\n4.\tCommunity Growth: \n\nFrom the day of receiving the grant, aim to increase the number of Twitter followers by 20,000 within 3 months. Twitter Account: https://twitter.com/Fiat24Account\n\n5.\tPartnerships: \n\nFollowing the receipt of the grant, Fiat24 plans to convince two more wallets to integrate Fiat24 as a native function within the next 3 months. In the ideal scenario, there is a desire to collaborate with the Uniswap Wallet and jointly issue a co-branded Visa card with the Uniswap wallet. ///Note: Fiat24 aims to serve as the gateway to the DeFi ecosystem, providing fiat access for non-custodial wallets, DEX platforms, and GameFi. Two non-custodial wallets, THorwallet (https://twitter.com/THORWalletDEX/status/1717583407079653707) and Halo wallet (https://mirror.xyz/halowallet.eth/O_rWHOdtXauWZ02Y3SbYiD1_L64N7Ewb7jsgZCc1ovg), have already integrated Fiat24. SafePal wallet is scheduled to go live with Fiat24 integration on 08.02.2024. Additionally, DEX platforms such as Helix and Unizen are in the process of integrating Fiat24.", "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": "The project has been live since Q4 2023, with already 2,000 KYC-verified clients actively using Fiat24 banking services every day.", "hidden": false, "question": "How do you plan to reach these milestones? (Explain the project feasibility).", "questionId": 17}, {"type": "multiple-choice", "answer": "Yes", "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": "Arbitrum Foundation Website", "hidden": true, "question": "How did you find out about UAGP?", "questionId": 21}, {"type": "paragraph", "answer": "https://drive.google.com/file/d/1-Djm1So_jIT_2SZSYbwB4w-RlmLPZ4cY/view?usp=sharing", "hidden": true, "question": "Additional information", "questionId": 22}, {"type": "short-answer", "answer": "Integrating Fiat24 into the Uniswap wallet enables users to directly access Fiat24 online banking within the Uniswap wallet and spend the crypto assets in the wallet via a co-branded Visa card. Currently, an increasing number of non-custodial wallets are integrating Fiat24.", "hidden": true, "question": "Special requests", "questionId": 23}], "project": {"id": "42161:0x73AB205af1476Dc22104A6B8b3d4c273B58C6E27:456", "title": "Fiat24", "logoImg": "bafkreierbdwizd6uomp5npcyfuhlvq2ai2jmilnle5ml2hygtfipismhrq", "metaPtr": {"pointer": "bafkreielaistcw4xmnor2hnzvpjbt6sefl5smlkzoxmx2crqoacngfs4ci", "protocol": "1"}, "website": "https://www.fiat24.com", "bannerImg": "bafkreid7a4nge55gtpfa3567bbwu3dgmf2piwzqo7gpm5tesgqysooq2rq", "createdAt": 1706531874097, "userGithub": "902", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..RkdvSEZmkwiXBxiHSi8uLV1JfSBbAJa3Qp1_TrfkhShove3Baz9hwb22DOPDbL_Y8dXBA7kLIiOXofyO9YB4CA", "type": "Ed25519Signature2018", "created": "2024-01-29T12:36:58.330Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-01-29T12:36:58.330Z", "expirationDate": "2024-04-28T12:36:58.330Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xDcb9e6B7665B79bAdb9F16827145e2f13E0484c0", "hash": "v0.0.0:KZIn1Nmh9LeIIbfX3pXj2mDfe6cmCXNkZYfntaobdgw=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#Fiat24Account"}}}, "description": "Fiat24 is the first regulated and licensed Swiss bank that is exclusively built on a public blockchain (Arbitrum). Unlike any other traditional bank, we have completely abandoned servers, with all banking logics run by smart contracts, and our clients being identified via their Fiat24 NFT. You might imagine us as an additional fiat layer for DEXs, such as Uniswap. In fact, clients can not only top-up their Swiss bank accounts via international money transfer, but also by selling their crypto assets. All crypto tokens go through Uniswap before arriving in our treasury, meaning that Uniswap is our liquidity provider. We are directly connected with the Swiss National Bank, European Central Bank, and Visa Payment Network, and all real-world payment data, which is all booked on Arbitrum. ", "lastUpdated": 0, "projectGithub": "Fiat24", "projectTwitter": "Fiat24Account"}, "recipient": "0x5245d4b5B5FA5cC8E11E30eE1f05c541b965f0c9"}}