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kaiachain / kaia-dapp-mono

MIT License
9 stars 23 forks source link

Proposal: ProtectedPay- Secure Social Payments Infrastructure with Built-in Escrow #259

Open Spydiecy opened 1 day ago

Spydiecy commented 1 day ago

Description

ProtectedPay is a comprehensive payment infrastructure that enables secure peer-to-peer transactions, group payments, and savings mechanisms on the Kaia blockchain. The protocol introduces protected transfer mechanisms with built-in escrow, username-based payments, and collaborative financial tools.

Core Functionalities:

  1. Protected Transfers

    • Escrow-based secure transactions
    • Claim/refund mechanisms
    • Username-based payment system

  2. Group Payment System

    • Multi-participant payment coordination
    • Automatic distribution mechanisms
    • Payment status tracking

  3. Savings Infrastructure

    • Collaborative savings pots
    • Contribution tracking
    • Secure withdrawal mechanisms

  4. User Management

    • Username registration system
    • Transaction history tracking
    • User profile management

Why Proposal?

  1. Simplifies Secure Transactions

    • Eliminates need for external escrow services
    • Reduces risk in P2P transactions
    • Makes crypto payments more accessible

  2. Enhances User Experience

    • Username-based payments instead of complex addresses
    • Intuitive group payment coordination
    • Clear transaction status tracking

  3. Enables Financial Collaboration

    • Group payment coordination
    • Shared savings mechanisms
    • Transaction transparency

Bounty Track: :-

DeFi Infrastructure- The project provides essential DeFi primitives that enable secure and user-friendly financial transactions on Kaia. It serves as foundational infrastructure for future financial applications while solving immediate user needs for protected payments and group coordination.

zxstim commented 1 day ago

Can you reduce your scope? I need you to structure it like this: I will build X that does Y (single feature).

You can open an Update issue after to add more features/improvements.

Spydiecy commented 1 day ago

Can you reduce your scope? I need you to structure it like this: I will build X that does Y (single feature).

You can open an Update issue after to add more features/improvements.

Oh i cannot submit a project with all the above functionalities? Like i have been working on for a while i have the product ready with the things i have mentioned above, i will need to open the update thing you are talking about to add the extra features? Also adding all the stuff would get me a better chance at the bounty right?

zxstim commented 1 day ago

Ah ok. Submit and i will check.

Spydiecy commented 21 hours ago

BUIDL : https://dorahacks.io/buidl/20120 Github: https://github.com/Spydiecy/ProtectedPay_Kaia

zxstim commented 21 hours ago

you should buy a domain name and run it as a project

Spydiecy commented 20 hours ago

you should buy a domain name and run it as a project

You like it? , if i get a good bounty, i ll be able to even be able do proper advertising about with plus and deploy it on the klaytn mainnet too. I m thinking of charging very low txn fee to make it profitable on the refund system as if they make a wrong payment the funds are lost forever, this way they will regain all fo it with just a little fee, what do you say?

Spydiecy commented 20 hours ago

The BUIDL hasnt been reviewed by the dorahacks team till now, here is the video demop plus the live site: https://youtu.be/kQctR6ypspI, https://protectedpay-kaia.netlify.app/

Spydiecy commented 4 hours ago

dorahacks BUIDL is live, kindly have a look at it BUIDL : https://dorahacks.io/buidl/20120 Github: https://github.com/Spydiecy/ProtectedPay_Kaia

Submitted.