I have read and understand the Conflux Grants Ecosystem Overview, and determined that my proposal is best for the Technical Grants stream (YES).
I understand that the Conflux Technical Grants are subject to a No Sale Rule, and I have read the terms of this rule (YES).
I understand that I will be required to provide additional KYC information to the Conflux Foundation to receive this grant (YES).
I understand that I will be required to follow public grant reporting requirements (YES).
Homeflux: A Blockchain-Based Real Estate Crowdfunding Platform
We are not incorporated company yet, but upon granting fund, the team will start the corporation in Dubai, in United Arab Emirates, and then to be regulated by the Dubai Financial Services Authority (DFSA) as an Operator of a Property Investment Crowdfunding Platform.
Upon success in one region, the project will expand to other regions.
TECHNICAL INTRODUCTION
Homeflux is a blockchain-based real estate crowdfunding platform that allows users from all over the world to invest in fractional ownership of properties. By using blockchain technology, Homeflux makes real estate investing more accessible, affordable, and transparent for everyone.
To get started, users simply need to submit their passport and pass KYC. Once approved, they can browse and invest in properties listed on the Homeflux mobile app. Each property is divided into tokenized fractions, which users can purchase with $CFX tokens.
Once a user has purchased a fraction of a property, they will receive a share certification as proof of ownership. The Homeflux team will be responsible for buying and leasing the property on behalf of investors. Investors will receive a monthly rent return, and they can only sell their property after 1 year.
Homeflux offers a number of advantages over traditional real estate investing, including:
• Accessibility: Homeflux makes real estate investing accessible to everyone, regardless of their income or location.
• Affordability: Users can invest in fractional ownership of properties for a fraction of the cost of buying a property outright.
• Transparency: All transactions on the Homeflux platform are recorded on the blockchain, providing complete transparency and security.
• Liquidity: Homeflux share can be traded on exchanges, allowing investors to easily sell their property fractions.
Homeflux is still in its early stages of development, but it has the potential to revolutionize the real estate industry. By making real estate investing more accessible, affordable, and transparent, Homeflux can help more people achieve their financial goals.
Example:
Imagine that you are a young professional who lives in a major city. You have been dreaming of investing in real estate and start making profit, but the high cost of housing has made it impossible. With Homeflux, you can invest in a fraction of a property for a fraction of the cost. You will then receive a monthly rent return, and you can sell your property fraction after 1 year.
Homeflux is a great way for crypto investors of all income levels to invest in real estate. It is also a great way to diversify your investment portfolio.
TEAM
Qasim Eisa
Dubai - UAE
Qasim Eisa has a strong background in digital marketing, blockchain projects, and real estate. His previous experience at Metasuite City, an NFT marketplace and Mining token based on NFT ownership, demonstrates his expertise in blockchain technology developed on Polygon. His 8+ years of experience at the largest two real estate developers in Dubai, DAMAC and ARADA gives him a deep understanding of the real estate industry.
Overall, Qasim Eisa is a valuable asset to the Homeflux project, and his experience and skills will be essential to its success.
LinkedIn https://www.linkedin.com/in/qasim-eisa/
Metasuite City Web3 Mobile App - Web App:
https://app.metasuite.city/
Other Team Members:
A group of members who work with Qasim Eisa on the last project, a team of highly professional freelancers who are expert in solidity. They are based on Pakistan.
The team developed Qasim Eisa’s project “Metasuite City”
TOTAL BUDGET AND FUNDING TIER
Grant Tier: Tier 2
Grant Size: $15K
The fund will be covering, mobile app design, web-app / mobile-app development, web3 deployment, contract deployments, in-app wallet token swap between CFX/USDT/USDC, KYC tool integration - fiat purchase in later phases.
CURRENT FUNCTIONALITY
The available Real Rstate platforms require funding only via fiat currency
Limited to country residents
New functionality with Homeflux:
Investors can transfer or swap from their wallets to the platform immediately after passing KYC. The platform opens new doors for asset investment in addition to the investors journey in trading on trading platform
Adds an additional source of income through out rental yield and property value appreciation.
The property will be showcased and listed in the app as one map, deployed on blockchain, and it will consist of 1000 - 2000 of tiles, where investors can buy (mint) at least 1 tile, as NFT ownership. The is the way the real estate property will be tokenized on Conflux network.
Summary:
To tokenize the real estate property on the Conflux network, the property will be mapped and listed in the app as a single unit, deployed on the blockchain. This map will be divided into 1000-2000 tiles, which investors can purchase (mint) as NFTs. This will allow investors to own a fractional share of the property, represented by their NFT tile.
Homeflux is a new real estate platform that allows investors to fund their investments using $CFX. This opens up the platform to investors from all over the world, regardless of their residency status. Additionally, Homeflux investors can earn rental yield and property value appreciation, which provides them with an additional source of income.
Overall, Homeflux makes real estate investing more accessible, affordable, and profitable for everyone.
Homeflux: A real estate platform that allows investors to fund their investments using $CFX, regardless of their residency status. Investors can earn rental yield and property value appreciation, providing an additional source of income.
TECHNICAL PROPOSAL
Functional Overview: Fractional Property Investment Mobile App on Web3
The proposed mobile app is a decentralized finance (DeFi) platform built on the Conflux blockchain, empowering investors to participate in fractional property ownership. Utilizing blockchain technology and smart contracts, the app provides a secure and transparent environment for users to buy, sell, and invest in real estate properties. Here’s an overview of the system’s functionalities:
- User Authentication and KYC:
Users register and complete KYC verification within the mobile app, ensuring compliance with regulatory requirements.
KYC-compliant users gain access to the full suite of investment features.
- In-App Wallet and Fund Management:
Users have an in-app wallet where they can deposit, withdraw, and manage their funds securely.
Funds are denominated in multiple cryptocurrencies, including USDT, USDC, and CFX, enabling seamless transactions and liquidity.
- Token Swap Functionality:
Users can swap between USDT, USDC, and CFX tokens directly within the app.
The integrated decentralized exchange (DEX) facilitates smooth token conversions, ensuring optimal market rates.
- Fractional Property Investment:
Users can browse through a curated list of real estate properties available for fractional investment.
Properties are tokenized, allowing users to buy fractions of a property using CFX tokens.
Smart contracts manage the distribution of ownership and rental yields among fractional property investors.
- Rental Yield Management:
Investors receive rental yields directly into their portfolio, distributed proportionally based on their ownership percentage.
Rental income is automatically converted to the user’s preferred cryptocurrency or held in CFX, as per user choice.
- Transaction History and Portfolio Tracking:
Users can view their transaction history, including property purchases, token swaps, and rental earnings.
The app provides real-time portfolio tracking, showing the current value of investments and overall performance.
- Security and Compliance:
The system ensures robust security measures, including encryption, multi-factor authentication, and secure key management.
Smart contracts are audited and verified to enhance security and trust in the platform.
- User Support and Notifications:
Users have access to customer support for inquiries and assistance.
The app sends notifications for important events, such as successful property purchases, rental income distribution, and account activities.
By combining the power of blockchain, decentralized finance, and user-friendly mobile interfaces, the app offers a transformative investment experience, allowing users to diversify their portfolio through fractional property ownership while enjoying the benefits of blockchain technology and cryptocurrencies.
Functional requirements
**1. ** User Authentication and KYC:
Requirement 1.1: Users must be able to register and create an account within the mobile app.
Requirement 1.2: Implement KYC verification procedures, allowing users to submit necessary documents for verification.
Requirement 1.3: Approved users should receive a digital identity within the app, signifying completion of the KYC process.
**2. ** In-App Wallet and Fund Management:
Requirement 2.1: Users should have a secure in-app wallet that supports CFX, USDT, and USDC.
Requirement 2.2: Enable users to deposit funds into the wallet from external sources and withdraw funds to external wallets.
Requirement 2.3: Implement transaction history and balance tracking features within the wallet.
**3. ** Token Swap Functionality:
Requirement 3.1: Integrate a decentralized exchange (DEX) to facilitate seamless token swaps between CFX, USDT, and USDC.
Requirement 3.2: Display real-time exchange rates and transaction fees for transparent user transactions.
Requirement 3.3: Ensure swift execution of token swap transactions with minimal latency.
**4. ** Fractional Property Investment:
Requirement 4.1: Develop a user-friendly interface for browsing available properties, including details like location, images, and ownership fractions.
Requirement 4.2: Enable users to invest in fractional ownership of properties by purchasing tokens using CFX.
Requirement 4.3: Implement smart contracts for managing property ownership, ensuring transparent distribution of ownership and rental yields among investors.
**5. ** Rental Yield Management:
Requirement 5.1: Automatically calculate and distribute rental yields to investors based on their ownership percentage.
Requirement 5.2: Allow users to choose between automatic conversion of rental income to their preferred cryptocurrency or holding it in CFX.
Requirement 5.3: Provide a clear breakdown of rental income in the user’s portfolio, showing earnings from each property.
**6. ** Transaction History and Portfolio Tracking:
Requirement 6.1: Develop a detailed transaction history feature, displaying all user activities, including property purchases, token swaps, and income distributions.
Requirement 6.2: Implement real-time portfolio tracking, showing the current value of investments, overall earnings, and historical performance data.
**7. ** Security and Compliance:
Requirement 7.1: Implement encryption and secure key management for user data and transactions.
Requirement 7.2: Regularly audit and update smart contracts to ensure security and compliance with Conflux blockchain standards.
Requirement 7.3: Implement multi-factor authentication and authorization protocols to prevent unauthorized access to user accounts.
**8. ** User Support and Notifications:
Requirement 8.1: Integrate a support system, allowing users to submit queries and receive assistance from customer support representatives.
Requirement 8.2: Implement a notification system to alert users about successful property purchases, income distributions, and important account activities.
**9. ** Offline Access and Data Synchronization:
Requirement 9.1: Enable offline access to essential features, ensuring users can view their portfolio and transaction history even without an active internet connection.
Requirement 9.2: Implement data synchronization mechanisms to update the app’s data seamlessly when the user reconnects to the internet.
**10. ** Localization and Accessibility:
Requirement 10.1: Provide multilingual support, allowing users to choose their preferred language for the app interface.
Requirement 10.2: Ensure accessibility features, such as screen readers and voice commands, for users with disabilities.
By fulfilling these functional requirements, the Web3 mobile app platform can deliver a robust, user-friendly, and secure experience for investors looking to participate in fractional property investment on the Conflux blockchain.
Nonfunctional requirements
**1. ** Usability:
Requirement 1.1: The user interface must be intuitive, ensuring seamless navigation and a positive user experience.
Requirement 1.2: The app should provide clear instructions and guidance for users, especially during the KYC process and property investment procedures.
**2. ** Reliability:
Requirement 2.1: The system must have a high level of reliability, ensuring minimal downtime and consistent availability for users.
Requirement 2.2: Smart contracts managing property ownership and transactions must be secure and tamper-proof, guaranteeing the integrity of investments.
**3. ** Performance:
Requirement 3.1: The app must handle concurrent user requests efficiently, ensuring quick response times and minimal latency during peak usage.
Requirement 3.2: Smart contracts execution should be optimized for speed and efficiency to prevent delays in property transactions and income distributions.
**4. ** Supportability:
Requirement 4.1: The platform must provide comprehensive user support, including a help center, FAQs, and responsive customer support representatives.
Requirement 4.2: Regular updates and maintenance activities should be performed seamlessly without disrupting user access to essential features.
**5. ** Implementation:
Requirement 5.1: The app’s codebase and smart contracts must follow best practices and industry standards to ensure stability, security, and maintainability.
Requirement 5.2: Regular security audits and code reviews must be conducted to identify and address vulnerabilities promptly.
**6. ** Interface:
Requirement 6.1: The user interface should be aesthetically pleasing, promoting user engagement and trust in the platform.
Requirement 6.2: The app must be responsive, providing a consistent experience across various devices and screen sizes.
**7. ** Packaging:
Requirement 7.1: The app should be available for download and installation on major mobile platforms, including iOS and Android.
Requirement 7.2: Clear and user-friendly onboarding procedures must be included in the app, guiding users through account setup and investment processes.
**8. ** Legal / Licensing (Compliance with DFSA):
Requirement 8.1: The platform must strictly adhere to the regulations set forth by the Dubai Financial Services Authority (DFSA) as an Operator of a Property Investment Crowdfunding Platform.
Requirement 8.2: Legal documentation, terms of use, and privacy policies must be easily accessible within the app, outlining user rights, responsibilities, and data usage policies compliant with DFSA guidelines.
Requirement 8.3: Regular compliance checks and audits must be conducted to ensure ongoing adherence to DFSA regulations and standards.
Meeting these nonfunctional requirements will ensure that the Web3 mobile app platform provides a reliable, secure, and user-friendly experience for investors while maintaining legal compliance with the Dubai Financial Services Authority.
SYSTEM MODEL
Creating detailed models and mock-ups requires a substantial amount of time and effort. However, I can provide you with a brief outline and description of each of these elements to guide you in creating your own models and mock-ups based on the given scenario of the Web3 mobile app platform for fractional property investment on the Conflux blockchain.
**1. ** Use Case Model / Features Model / User Stories Model:
Use Case Model: Identify major actors (e.g., Investor, Admin) and their interactions with the system (e.g., Invest in Property, Manage Portfolio).
Features Model: List down the main features of the app, such as User Authentication, Property Listings, Investment Management, and Notifications.
User Stories Model: Create detailed user stories for each feature, describing user actions, system responses, and acceptance criteria (e.g., “As an investor, I want to browse available properties, so I can choose where to invest my funds.”)
**2. ** Analysis Object Model:
Identify key objects in the system like User, Property, Transaction, Wallet, etc.
Define attributes and relationships between these objects (e.g., User has Wallet, Property has Owners).
**3. ** Dynamic Model:
Create sequence diagrams to illustrate the flow of interactions between objects and actors for specific use cases (e.g., Sequence diagram for Property Investment Process).
Use activity diagrams to represent the workflow of a particular feature or process (e.g., Activity diagram for User Registration).
**4. ** User Interface, Navigational Paths, and Screen Mock-ups:
User Interface (UI) Design: Define the overall layout, color schemes, and typography for the app to ensure consistency.
Navigational Paths: Outline the paths users can take to navigate through the app, from the login screen to specific features like Property Listings or Portfolio Management.
Screen Mock-ups: Create visual mock-ups for key screens, including Home Screen, Property Listing Page, Investment Confirmation Screen, Wallet Management, and User Profile. Tools like Sketch, Figma, or Adobe XD can be used for this purpose.
For the specific details and designs, it’s recommended to collaborate with a user experience (UX) designer and a developer who can implement the designs effectively. This collaborative approach ensures that the models and mock-ups are not only visually appealing but also functional and user-friendly.
ECOSYSTEM FIT
Benefit to Conflux Ecosystem:
The proposed Web3 mobile app for fractional property investment on Conflux significantly enhances the Conflux ecosystem in several ways:
Increased Developer Interest: By showcasing a practical use case for Conflux blockchain, the project inspires developers to explore the platform’s capabilities, leading to a growing community of developers building on Conflux.
Innovation and Adoption: Introducing a decentralized finance (DeFi) platform on Conflux encourages innovation in the blockchain space. As developers explore the unique features of Conflux, it fosters an environment where new and creative solutions are developed, expanding the Conflux ecosystem.
Educational Value: The project serves as an educational resource for developers interested in Conflux. Through open-source components, smart contract templates, and best practices, it provides valuable insights, encouraging developers to participate and contribute to the Conflux ecosystem.
Community Growth: By providing an accessible and user-friendly interface for property investment, the app attracts a diverse user base. As the community grows, more developers are likely to be drawn to Conflux, contributing to its ecosystem’s vitality.
Economic Benefit:
The grant provided for this project translates directly into economic benefits for the Conflux ecosystem:
Increased On-Chain Transactions: The fractional property investments, token swaps, and rental yield distributions conducted through the app generate a significant volume of on-chain transactions. These transactions contribute to increased activity on the Conflux network, driving economic value and liquidity.
Asset Tokenization: The platform facilitates the tokenization of real estate assets on Conflux. As more properties are tokenized, it leads to a higher volume of assets being represented on the Conflux blockchain. This not only enhances the platform’s economic value but also demonstrates Conflux’s potential for real-world asset tokenization, attracting more projects in similar domains.
Diverse Asset Portfolio: The app diversifies the assets represented on Conflux by including real estate properties, expanding the types of assets within the ecosystem. This diversity attracts a broader audience of investors and developers, creating a thriving and vibrant ecosystem.
Network Effect: As more users and assets are integrated into the Conflux ecosystem through the app, it creates a positive network effect. Increased economic activity and a larger user base attract more developers, investors, and businesses to Conflux, enhancing its reputation and market position.
In summary, the Web3 mobile app for fractional property investment not only enriches the Conflux ecosystem with innovative solutions but also amplifies economic activity, making it an attractive platform for developers, investors, and users alike. This synergy strengthens the Conflux ecosystem, fostering growth and sustainability in the long run.
DEVELOPMENT ROADMAP
Milestone 1: Project Planning and System Design
Specification: Detailed project planning, system architecture design, and technical specifications for the mobile app, smart contracts, and backend infrastructure.
Requested Funding: $3,000
Milestone Duration: 10 days
Milestone 2: Smart Contract Development and Integration
Specification: Develop and audit smart contracts for property tokenization, ownership management, and rental yield distribution. Integrate smart contracts with the mobile app.
Requested Funding: $2,000
Milestone Duration: 5 days
Milestone 3: Mobile App Prototype
Specification: Develop a functional prototype of the mobile app with essential features such as user authentication, wallet management, property listings, and token swaps.
Requested Funding: $2,500
Milestone Duration: 15 days
Milestone 4: Core Functionality Implementation
Specification: Implement core functionalities including property investment, rental yield management, transaction history, and portfolio tracking.
Requested Funding: $2,500
Milestone Duration: 3 days
Milestone 5: User Interface Refinement and Testing
Specification: Refine user interface design based on user feedback. Conduct extensive testing to identify and fix bugs, ensuring a smooth user experience.
Requested Funding: $1,500
Milestone Duration: 5 days
Milestone 6: Security Audits and Compliance Checks
Specification: Perform comprehensive security audits for smart contracts and the mobile app. Ensure compliance with Conflux blockchain standards and regulatory requirements set by the Dubai Financial Services Authority (DFSA).
Requested Funding: $2,000
Milestone Duration: 5 days
Milestone 7: Launch, Marketing, and Community Engagement
Specification: Launch the mobile app on app stores. Initiate marketing campaigns to promote the app. Engage with the community through social media, discord, and telegram to drive adoption.
Requested Funding: $1,500
Milestone Duration: Ongoing
MAINTENANCE CONSIDERATIONS
Ensuring the longevity and sustainability of the Web3 mobile app for fractional property investment on the Conflux blockchain is essential. Here’s the plan for maintenance and post-grant support:
**1. ** Continuous Monitoring:
Implement robust monitoring systems to track the app’s performance, user engagement, and security metrics.
Set up alerts for any irregularities or security threats, allowing for immediate response and issue resolution.
**2. ** Regular Updates and Bug Fixes:
Establish a dedicated team to address user feedback, bug reports, and feature requests promptly.
Schedule regular updates to improve user experience, introduce new features, and fix any issues that may arise after the app’s launch.
**3. ** Security Audits and Compliance Checks:
Conduct periodic security audits to identify and mitigate vulnerabilities, ensuring the app remains secure against evolving threats.
Stay updated with regulatory changes and conduct compliance checks to ensure adherence to the Dubai Financial Services Authority (DFSA) guidelines.
**4. ** Community Engagement:
Maintain an active presence on social media platforms, forums, and community channels to engage with users, address concerns, and gather feedback.
Organize webinars, AMAs (Ask Me Anything sessions), and events to educate users and attract new investors to the platform.
**5. ** Documentation and Support:
Keep the project’s documentation up-to-date, including user guides, API documentation, and developer resources.
Offer comprehensive customer support to assist users with inquiries, troubleshooting, and general assistance related to the app and the Conflux blockchain.
**6. ** Partnerships and Collaborations:
Foster partnerships with real estate agencies, property developers, and financial institutions to expand the range of properties available on the platform.
Collaborate with other projects in the Conflux ecosystem to enhance interoperability and offer users a broader range of services.
**7. ** Sustainability Fund:
Allocate a portion of the platform’s revenue towards a sustainability fund. This fund can be used to support ongoing development, community initiatives, and ecosystem growth, ensuring long-term sustainability.
**8. ** Governance and Decentralization:
Implement a decentralized governance mechanism, allowing token holders and active users to participate in decision-making processes.
Gradually transition towards community-led initiatives, empowering users to propose and vote on new features, partnerships, and improvements.
By focusing on continuous improvement, user satisfaction, regulatory compliance, and community involvement, the project aims to maintain its relevance and usefulness within the Conflux ecosystem. Regular updates, strong security measures, and an engaged community will be the pillars of the app’s long-term maintenance and success.
