Description of the project: The GIGX project features a utility token, and a DApp (GIGX Pad). GIGx Pad is a blockchain powered crowdfunding DApp. Our goal is to bridge real world projects, and Investors that want to utilize the full potential of Decentralized Finance (DeFi). GIGX is a Multi-utility token powering the GIGX ecosystem.
How will this project be integrated into Conflux?
The GIGX Pad (DApp) is built on the Conflux network.
Why is your team interested in creating this project?
In today’s African financial system, there is a lack of funding for businesses; only the largest businesses in prime networks get direct access to liquid capital markets, as a result short and mid-term borrowing is extraordinarily expensive. We believe we can solve this problem by leveraging the blockchain, and decentralized finance.
Any mockup designs of user facing components.
Overview of the technology stack being used:
System Specifications / System Architecture
The System is built on the NodeJS server which is a cross-platform runtime environment for developing server-side and networking applications.
The System is built using the following tools and services:
The System is built on the NodeJS server which is a cross-platform runtime environment for developing server-side and networking applications, Using the expressJS framework.
We also run the application on a secured Nginx web server, which is known for its high performance, stability, rich feature set, simple configuration, and low resource consumption, also secured with SSL certificate.
MongoDB MongoDb is a document database with the scalability and flexibility that you want with the querying and indexing that you need.
The product begins with creating a wallet for a user and performing either of the two options of depositing or withdrawing, the deposit process is straightforward where the user deposits through a gateway payment system and gets credited with the equivalent at the current exchange price.
Whilst withdrawal is divided into two parts which is the cash withdrawal or GIGX withdrawal to an external address. While withdrawing to an external address is pretty simple by entering the amount and address the cash withdrawal requires admin approval before it can be processed by the external payout service. Below is a diagrammatic explanation of the Product/System Flow:
How can the project benefit Conflux Network’s ecosystem?
GIGX brings a new way for institutions, and retail investors to access investments across Africa. This will bring in millions of new users to the Conflux network ecosystem overtime, and position Conflux as a leading network across Africa.
Osamede Arhunmwunde: Chief Operating Officer
Komolafe Olusegun: Chief Technology Officer
Gabriel Babajide: Senior Engineer
Gbolahan Onadeko: Blockchain Developer
Harlod Ajagu : Designer lead
Vuakpor Muogereh: Marketing lead
Chukwudi Anyanwuocha: Legal
GIGX Technology Limited
Github code repositories: https://github.com/gigxpad
GIGM strategic partnership onboarding
Test Wallet Integrations with GIGM for up to 10,000 users
GIGX Platform development
Wallet Integrations with GIGM for up to 50,000 users
First Phase AirDrop Distribution
Ecosystem platform Launch
GIGX Platform wallet integration, and testing
New Partnership Announcement
Wallet Integrations with GIGM for up to 100,000 users
Launch of first real world investment pool on the GIGX platform
Expand Opportunity Pool Offerings
Governance Portal Launch
Team’s Long Term Vision:
To be the bridge between DeFi, and real world assets across Africa
We will publish an article to be shared with our community outlining our work as part of the grant also a short video about the project.
We will be integrating the GIGx wallet system with Conflux Network in a couple of weeks and start rewarding customers in our testnet.