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ParrotPay - P2P crypto transfers #145

Closed Kodziak closed 2 months ago

Kodziak commented 3 months ago

Project Description

ParrotPay transforms digital asset transfers by allowing users to send tokens easily via SMS, Telegram, WhatsApp, or e-mail without transaction fees. A simple app interface makes crypto onboarding easy and accessible to everyone. By eliminating costs, ParrotPay is paving the way for broader crypto adoption.

With additional Mystery Boxes, we are adding an element of fun and engagement. It's ideal for distributing NFTs or running token promotions, supporting mass distribution effortlessly.

Problem/Solution

The process of onboarding users to dApps and new networks is cumbersome. It involves setting up a CEX account, completing KYC procedures, depositing fiat funds, purchasing tokens, and finally transferring gas tokens to one's wallet before being able to engage with dApps.

ParrotPay significantly simplifies this process. It enables the creation of claim links that guide users through the wallet creation process and automatically populate their wallets with the funds associated with the link. We are developing an SDK to facilitate the integration of link-based transfers directly into wallet applications, streamlining the onboarding process.

Additionally, ParrotPay's approach allows for innovative airdrop campaigns using Web 2.0 platforms, such as newsletters, or physical mediums like QR code posters at conferences, offering a more accessible entry point into the world of dApps.

Detailed Project Overview

Features breakdown

User key-pairs are generated on the client side. The hashed signature is stored in the link, and later it’s used for the service to initiate a claim transaction. We do not store funds access anywhere.

ParrotPay SDK overview

parrotpay-sdk.png

Project Links

Live demo: https://parrotpay.xyz/

GitHub: https://github.com/SY-Labs/

Twitter: https://x.com/parrotpay_xyz

Go to Market Plan

We will collaborate with existing dApps, wallets, and other projects to make the onboarding process easy for all new users.

Grant Proposal

Already Completed

Live PoC working with native transfers on Aleph Zero Testnet network, self-funded. Consists of:

Grant Deliverabilities

1

2

Why Secret Network?

As a compact team with limited resources, we seek to partner with ecosystems deeply invested in enabling scalable use cases, potentially reaching a billion users.

Our focus is on ecosystems that are keen on using Web2 channels to facilitate smooth user onboarding. In our assessment, few ecosystems prioritize user privacy and streamline onboarding and user experience as effectively as Secret Network does.

Grant Request Overview

Requested amount: $15,000

Milestone - 1 - $7,500

Milestone - 2 - $7,500

Team

ParrotPay is built by SY Labs We are a 4 member team, focused on engineering and web3 products development. We have built Syncra, a modular DAO management platform on Aleph Zero ecosystem.

Przemysław Paczoski

Piotr Szaciłowski: Smart Contracts/Backend Developer. Linkedin

Mateusz Chudy: Smart Contracts/Backend Developer.

Krzysztof Hendzel: Marketing Manager. Linkedin

Development Roadmap

Our ultimate goal is to boost cryptocurrency adoption rates. We plan to work alongside various projects to facilitate effortless integration. To achieve this, we'll provide our product along with its SDK, comprehensive documentation, and adapt to the specific requirements of each protocol.