Application Title
Integration Grants Application：ABC POOL
Application Introduction
1.Name of the project：ABC POOL
2.Problem statement in the existing Conflux ecosystem (customer, application, process, etc) and the proposed solution
*A）At present, the popularity of the POS mechanism on the Conflux chain is low, and user participation is not high, leading to doubts about its security.
B）Due to the lack of ecosystem and security incidents on the Conflux chain, people’s enthusiasm for on chain interaction and liquidity building is not high. Especially the usage rate of cross space and Espace is seriously insufficient!
C）Due to SwappiDEX being the only DEX currently on the chain, its popularity is low and there is no Chinese community to explain its low usage rate.
Based on the above situation, ABC POOl has built two applications, V2 and ABC staking mining CFX, in Espace on the basis of the original V1 version.
Using V2 to automatically build liquidity for ABC/CFX using swappi and improve TVL
Empower ABC with the powerful dividend distribution capability of V1 to explore CFX scenarios
3.Alignment of the project with the Conflux Network
1.Benefit to the Conflux Ecosystem: How this product will entice more developers to build on Conflux
Due to the strong community operation capability of ABC POOL, more external groups will join in to jointly build the community.
2.Economic benefit: How this product will increase assets and transactions on-chain
A）Due to the promotion of the ABC POOL community, its V1 currently has 84 million CFX participating in POS
B）V2 currently has 7.5 million CFX participating in POS in Espace, and all of its POS revenue is generated through swappi as CFX/ABC liquidity. 281049 sets of LPs (118700ABC+750646CFX) have been established.
4.Demonstrate a competitive edge that differentiates it from other projects
ABC POOL V1: Based on the POS function, use 60% of its profits to empower its token. The only way to generate its token ABC is through free airdrops to POS participants!
ABC Pool V2: Built only on the ESPACE network, based on the original POS function, the CFX sent to users is converted into CFX/ABC on swappiDEX and directly distributed to users as LP, promoting users to use the ESPACE network and swappi
ABC staking mining CFX: Built under the Espace network, it requires locking ABC for 1-3-6months before synchronously extracting CFX profits while extracting ABC. Guide users to use ConfluxHub. Empower its tokens with an additional way to obtain CFX.
5.Links to the projects, webpage, DApp, socials and chat groups
CMC：https://coinmarketcap.com/currencies/abc-pos-pool/
ABC Pool V1 Official website: https://confluxpos.cn
ABC Pool V2 Official website: https://v2.confluxpos.cn
ABC Stake Official Website: https://stake.confluxpos.cn
ABC Pool official promotion: @ ABCpospool
Telegram（Chinese）： https://t.me/abcpospoolenglish
Telegram（English）： https://t.me/abcpospoolchinese
QQ ：954815715
6.Conflux eSpace grant recipient wallet address
A) POS stake application: Apply for the foundation to stake 500W CFX for POS in V2.
B) Operation sponsorship application: espace 0x0deCE0b37869c8E8614764602aC7A827faC47d50
7.Are you an incorporated startup?
Yes，We started our web3 startup because we participated in Conflux at the end of 2018
Technical Proposal
Whitepaper link: White paper of development of Conflux Blockchain ABC PoS Pool
Github links: https://github.com/cfx-gspos/abc_token_stake_01_frontend_normaluser
Total Budget
1.Grant Size: What is the total grant amount begin requested?
A) POS stake application: Apply for the foundation to stak 500W CFX for POS in V2.
B) Operation sponsorship application: 3000Usdt.
2. Justification: Break down the activities and costs associated with requested grant amount
A）At present, the POS revenue generated by V2 with a participation of 7.5 million CFX is relatively low, and it cannot be stable in the short term when SwappiDEX establishes LP. The V2 handling fee cannot cover the expenditure cost. Apply for POS injection of 500W units. To increase V2 participation.
B）V1-V2-ABC pledge. The three sections have been continuously recommended, but it is difficult to continue promoting them on a large scale due to their lack of revenue. When CFX reached 0.5Usdt, it successfully established contact with PT community through continuous marketing promotion, attracted 500 people to form a community through Kwai meetings, and purchased more than 50 million CFX in total.
Development Roadmap
Application for funding purposes
A）POS injection into V2 is only aimed at increasing V2 POS participation.
B）Apply for operating funds for external expansion, organizing meetings and prize giving activities in collaboration with other project communities!
Team
Co founder： Captain Wolf
Responsible for project promotion, committee management, external publicity, and community operation.
Two technicians and another operator
Terms of Use
Confirm that you agree to the terms of use for applying to a Conflux Ecosystem Grant by including the entirety of the following statement and conditions:
I agree to all of the following terms of use in applying to a Conflux Ecosystem Grant
1.I have read and understood the Conflux Grants Ecosystem Overview
2.I have read about and understood that the Conflux Technical Grants are subject to a No-Sale rule
3.I agree to provide KYC information to the Conflux Foundation for the sake of overall ecosystem security
4.I understand that I will be required to follow public grant reporting requirements