PROJECT NAME: AxPesa
African Finance, Evolved
“Your Money, Multiple Options”
TEAM
| Name | Role | GitHub | Discord |
|---|---|---|---|
| Anthony Kimani | Chief Technology Officer - Full-stack development, blockchain integration | https://github.com/kimtony123 | tonykim8450 |
| Moses Epale | Chief Operating Officer - Operations, partnerships, go-to-market | https://github.com/mosesepale | mosesepale#1234 |
PROBLEM STATEMENT
Africans are looking for more currency options than just USD. Current solutions limit users to a single currency, making international trade and savings difficult. Most people cannot easily access Chinese Yuan (CNY) or diversify their holdings. Additionally, existing crypto solutions require technical knowledge (MetaMask, private keys), making them inaccessible to the average African user.
PROPOSED SOLUTION
AxPesa is a fintech platform enabling Africans to access global currencies through an intuitive platform built on the Conflux eSpace blockchain. We provide:
- Buy/Sell CNY stablecoins (AxCNH) with M-PESA, cards, or bank transfer
- Send to friends instantly via email, phone, or wallet address
- Earn staking rewards on holdings via Conflux DeFi protocols
- Social Login - No crypto knowledge required (Google, Twitter, Discord, GitHub, LinkedIn)
- Merchant Portal - QR codes and payment links for businesses
CONFLUX INTEGRATION
AxPesa is built entirely on Conflux eSpace:
- Smart Contracts: AxCNH (ERC-20 stablecoin) and AxPesaTreasury deployed on Conflux eSpace
Conflux offers sub-second finality, minimal gas fees ideal for micropayments, EVM compatibility, and high throughput - perfect for African fintech use cases.
BUDGET
Grant Size: $50,000
Justification
| Category | Amount | Description |
|---|---|---|
| Team Allocation (15% upfront) | $7,500 | Upfront to team for living expenses during 3-month build phase |
| Mainnet Deployment | $8,000 | Gas fees, contract verification, explorer verification |
| Backend Infrastructure | $14,000 | Production servers, database, monitoring (6 months) |
| Frontend & Mobile | $10,000 | UI polish, mobile app, features |
| Testing & QA | $5,500 | API tests, E2E tests, manual verification |
| Marketing & Onboarding | $5,000 | User acquisition, documentation, community |
| Total | $50,000 |
Team Allocation
- $7,500 (15%) paid upfront to team for living expenses
- Remaining 85% disbursed upon milestone completion
Conflux eSpace Grant Recipient Wallet Address
0xB5d0fDb5EAcb276CAe267fc899C70Da4746A8A26
Roadmap
Timeline: 3 Months
| Milestone | Duration | Funding | Deliverables |
|---|---|---|---|
| 1. Mainnet Launch | Month 1 | $20,000 | - AxCNH and Treasury contracts on mainnet - Production backend deployment - Live web app |
| 2. User Growth | Month 2 | $15,000 | - 5,000 registered users - 50 merchants onboarded - Mobile app (iOS/Android) |
| 3. Scale & Audit | Month 3 | $15,000 | - Smart contract audit - 10,000 users - $500K monthly volume |
Milestones
Month 1: Mainnet Launch ($20,000)
- [ ] Deploy AxCNH token contract on Conflux mainnet
- [ ] Deploy AxPesaTreasury contract on mainnet
- [ ] Set up production backend
- [ ] Configure mainnet RPC and explorer
- [ ] Launch web application
- [ ] Integrate with Flutterwave production API
- [ ] Run comprehensive API tests
Month 2: User Growth ($15,000)
- [ ] Launch mobile app (iOS TestFlight / Android APK)
- [ ] Onboard 50 merchants
- [ ] Marketing campaign (Kenya-focused)
- [ ] User support system
Month 3: Scale & Audit ($15,000)
- [ ] Professional smart contract audit
- [ ] Security hardening based on audit
- [ ] Production launch
- [ ] Scale infrastructure as needed
- [ ] Prepare for Phase 2 expansion (UGX, NGN)
TECHNICAL PROPOSAL
Functional Overview
AxPesa is built with:
- Frontend: Next.js 14 + React Native
- Backend: Express + Prisma + TypeScript
- Database: PostgreSQL
- Blockchain: Conflux eSpace (Solidity 0.8.28)
- Payments: Flutterwave (M-PESA)
- Auth: Web3Auth (Social Login)
Key Features (All Live)
- Social Login (Google, Twitter, Discord, GitHub, LinkedIn)
- Buy AxCNH with M-PESA, cards, bank transfer
- Sell AxCNH for KES, UGX, NGN
- P2P transfers via email/phone/address
- Staking rewards via Conflux DeFi
- Merchant Portal with QR codes
- CFX Faucet for new users (0.1 CFX)
- Treasury with 90% locked, 10% liquidity
- Multi-sig security (2-of-3)
Security
- Idempotency Keys for payment protection
- Reconciliation cron job (every 30 mins)
- Verify API calls for payment confirmation
- Privacy hashing for email/phone
Terms of Use
I agree to all of the following terms of use in applying to a Conflux Ecosystem Grant:
- I have read and understood the Conflux Grants Ecosystem Overview
- I have read about and understood that the Conflux Technical Grants are subject to a No-Sale rule
- I agree to provide KYC information to the Conflux Foundation for the sake of overall ecosystem security
- I understand that I will be required to follow public grant reporting requirements
African Finance, Evolved. Your Money, Multiple Options.