Closed segunjosh closed 2 years ago
stacks-foundation
commented
2 years ago 👋 @segunjosh Thanks for your application! We will do a pre-review and let you know if we have any immediate questions. In the mean time please refer to our review schedule here for a detailed timeline and response dates. Best, Will
tycho1212
commented
2 years ago This doesn't seem to specifically benefit Stacks
will-corcoran
commented
2 years ago Hi @segunjosh -
We have identified the projects we will be awarding grants as part of Stacks Foundation Grants Program Cohort 18. I'm sorry to have to inform you that your project was not among those selected.
This is no way means that we do not see the value of the work you proposed. We're lucky to have so many talented independent researchers, developers, and community leaders like yourself building on Stacks. Unfortunately, we receive many more proposals than we can actually fund with our limited means, so competition is extremely tough. While we generally support innovation in all forms, we tend to prioritize projects that have the potential to advance and differentiate the broader ecosystem from other blockchains, as well as projects that meet critical needs of the community at the time. These constraints mean that in several instances, several excellent projects may not make it into a cohort.
We very much appreciate the time and effort you've put into this process and encourage you to continue watching this repo and consider submitting a new application if and when you feel your project better aligns with the current priorities of the Grants Program.
If you should have any questions, please let us know in the comment section below.
Best, Will Stacks Foundation Grants Program Manager
APPLICANT
Type: Direct Application
Email: joshusegun@gmail.com
Discord: boltannical #6505
Twitter: boltannical
Stacks Forum:
GRANT BASICS
Grant Name: Speedbit
Total Budget: 30,000
Total Duration: 250
Grant Type: Stacks Foundation Direct Investment
Grant Track: Cross-Chain & Off-Chain
Grant Goal: Integrate Between Technologies
Grant Audience: End Users (Consumer)
Specific Audience: Foreign citizens visiting an host country but can't swap their local currency.
Grant Team: BeardKoda, jayprecode
Previous Grants:
Ecosystem Programs:
GRANT MISSION, IMPACT, RISKS & REFERENCE
Grant Mission: Speedbit was formed from a place of great desperation and requires the utmost intervention. Speedbit was designed to cater to the needs of users ready to swap their currencies by eliminating the need to worry about security, speed, and a reliable exchange value.
Members of the Stacks community whenever they travel to different places can utilize Speedbit as a seamless process to exchange currencies, Speedbit is built for everyone, you can now convert your digital currencies to real cash anytime anywhere.
Grant Impact: Community members can transfer USDT with multiple blockchains to fiat in more than 23 countries. Transactions will get settled in <6mins.
Grant Risks: We have completed the most vital part of this project, we just need to expand the product features to achieve the main goal of off-ramp settlement.
[Support Link:]()
GRANT ROADMAP & DELIVERABLES
MILESTONE 1:
Deliverable: Adaptive web application integrated with WhatsApp Business
MILESTONE 2:
Deliverable: Fully developed and deployed mobile app with core platform features.
FINAL DELIVERABLE
Deliverable: Off-ramp and On-ramp settlement of local funds to other currencies