Integration Grants Application：ABC POOL

[ABCPoSPool]

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

[cj_hux]

Thank you for your initial proposal. There are few points in your proposal that need further clarification:

• Can you further elaborate the differences in features between ABC Pool V1 and V2?
• Regarding marketing and community expansion can you provide more specifics on how you plan to reach new user base? What tactics and incentives will be employed, and how do you intend to generate initial traction and sustain user engagement?
• How do you plan to ensure the V2 achieves long-term growth, particularly in sustaining user engagement?
• Include a detailed list of growth milestones with a separate budget breakdown. For each milestone, provide a specific budget linked to its KPIs, where KPIs are the conditions at which the funds are released. (Note: The Foundation releases funds only after milestone and KPI completion.) This will aid in tracking progress and clarifying grant requirements.
• Include targeted KPIs for each milestone and the expected outcomes, covering both performance-based metrics (e.g., TVL, unique wallet addresses, transaction numbers, etc…) and user growth KPIs.

[cj_hux]

Hi ABC Pool Team,

Any update on your proposal?

[ABCPoSPool]

Really very sorry for late reply.
Can you further elaborate the differences in features between ABC Pool V1 and V2?
Reply：ABC V1 is an open-source contract that fully utilizes Conflux PoS and is deployed on both the Core network and Espace network as a PoS mining pool. The user’s reward is CFX. ABC V2 is optimized based on the open-source contract of Conflux PoS and is only deployed on the Espace network, with user rewards for CFX/ABC LP within Swappi.
Regarding marketing and community expansion can you provide more specifics on how you plan to reach new user base? What tactics and incentives will be employed, and how do you intend to generate initial traction and sustain user engagement?
Reply：The strategies and incentives for reaching out to new user groups are as follows:
1. We have established the ABC Committee with 14 members located in China, the United States, the United Kingdom, Australia, and Argentina. These 14 individuals actively promote Conflux and the ABC mining pool.
2. We actively promote on platforms such as Twitter, Telegram, Discord, QQ, and WeChat. We have been holding Conflux Salon meetings in the community every week for 83 weeks.
3. The reward for V2 is the liquidity reward for CFX/ABC, and we offer a monthly airdrop reward of 10000 cfx to the LP addresses of CFX/ABC.
4. We conduct ABC airdrops for V2 users every 25 days, and the airdrop volume for ABC is twice that of V1 users.
How do you plan to ensure the V2 achieves long-term growth, particularly in sustaining user engagement?
Reply：At present, the pledge amount of ABC V2 is 8 million. We hope that the Conflux Foundation can provide a new pledge of 500w cfx at once, which can also drive new users to pledge. At the same time, we will actively promote and guide more people to participate in staking.
Include a detailed list of growth milestones with a separate budget breakdown. For each milestone, provide a specific budget linked to its KPIs, where KPIs are the conditions at which the funds are released. (Note: The Foundation releases funds only after milestone and KPI completion.) This will aid in tracking progress and clarifying grant requirements.
Include targeted KPIs for each milestone and the expected outcomes, covering both performance-based metrics (e.g., TVL, unique wallet addresses, transaction numbers, etc…) and user growth KPIs.
Reply：
What we need to explain to you is that we did not intend to receive free CFX donations from the foundation, which is not conducive to the development of CFX! We hope to obtain the PoS liquidity injection from the foundation, and guide everyone to participate in PoS through Espace by participating in a large number of CFX in V2, building the foundation of Espace network DeFi, allowing everyone to experience Espace and learn how to use Swappi and participate in farming. Because V1 users are mainly concentrated in the core space, currently there are 780 people participating in v1 core space and 78 million participating in cfx, while v2’s Espace only has 8 million cfx The resistance of everyone towards Espace and Defi is something we need to work hard to change! The feature of v2 is that when users participate in Espace PoS, their earnings are automatically converted into CFX/ABC liquidity in Swapp, which is directly distributed to users. Users can go to Farming to obtain more gameplay. At the same time, our monthly incentive of 10000 CFX for LP holders will once again help everyone use v2 and participate in DeFi, in order to restart the reserve power of the Espace ecosystem in the future! Our application is to use the v2 PoS support from the foundation to better explain the DeFi gameplay and rich PoS profit gameplay of Espace to everyone! This approach is a win-win situation, as we will gain more service fee revenue to maintain the independent operating expenses of v2 due to its growth! The foundation has gained high recognition from the community and its own PoS profits due to its support for v2 PoS! Users have gained interest in participating in DeFi without any loss through the dual promotion of the foundation and us, as well as rich PoS profit methods!
Regarding the funding application for the 3000u, we are currently facing a marketing gap. We insist on airdropping 10000 CFX to liquidity holders every month, which is our limit. However, we want to better facilitate the transfer from Core to Espace, which requires a lot of educational work. We have been organizing regular online meetings for 83 weeks and are also trying to cooperate with the English community, Vietnamese community, and Spanish community to promote Conflux PoS. We also want to organize more online and offline activities, so we have applied for these funding supports. If this support is difficult for us, we understand and respect the foundation’s decision!

[Christian]

Hello ABC Pool Team, couple of questions:

1. Have you done an audit on your nodes?
2. How long are you requesting for the foundation to stake the requested amount of 5 million CFX?
3. Please share some numbers on how many on-chain addresses are staking into ABC pool on both eSpace and Core, also, how many LP addresses your pool 2 has for more insights on ABC pool.

Thanks

[cj_hux]

A few additional thoughts from my side:

• It would be beneficial to include some performance targets and KPIs to align with the requested funds.
• Consider incorporating social KPIs into your Operational Sponsorship Milestone, such as the number of community AMAs, customer campaigns, or key social metrics.

Looking forward to your thoughts on these suggestions and the above questions.

[ABCPoSPool]

Thank you for your questions.
1.Have you done an audit on your nodes?
Reply：
Yes, we did.
ABC v1 core audit link:
https://confluxscan.io/address/cfx:accpx9uxky39pg1hzav757vdej95w1kbcp13d0hvm7
ABC v1 espace audit link:
https://evm.confluxscan.net/address/0xb6eb7aa86f3886b6edc0fc1c826221b1fb26e437?tab=contract-viewer
ABC v2 audit link:
https://confluxscan.io/address/cfx:accrdadjnxbx75x5mx6523fajwx3k81b12eugec37v

2.How long are you requesting for the foundation to stake the requested amount of 5 million CFX?
Reply:
We hope Conflux Foundation can PoS 5 million CFX into ABC pool v2 within one month, as all PoS pools have experienced a significant decline recently and the community lacks confidence in PoS. The foundation needs to take the lead in participating in PoS, which will help the community’s conceptual choices!

3.Please share some numbers on how many on-chain addresses are staking into ABC pool on both eSpace and Core, also, how many LP addresses your pool 2 has for more insights on ABC pool.
Reply:
ABC pool V1 core addresses : 748
ABC pool V1 espace addresses : 153
ABC pool V2 espace addresses : 169
This datas come from 0th round ABC airdrop on November 5th 2024. detals please see the following picture.

[ABCPoSPool]

Thank you for your thoughts.
From our points, regarding the application for operational sponsorship, AMA, and funding, We have communicated with the Conflux English community, Vietnamese community, and Spanish community and conducted AMAs. In the future, we hope to hold AMAs in more overseas communities and use CFX airdrops as a bonus to let more people know about Conflux’s PoS, encourage more people to participate in ABC Pool V2, maximize the retention of TVL, and guide more people to use Swappi to obtain more liquidity benefits!

[cj_hux]

Hello ABC Pool Team,

Please note that LP requirements should not be included in a grant proposal. As such, this proposal in its current form, does not meet the criteria for a valid grant inquiry.

[cj_hux]

Looking forward to your proposal progress on the Operation sponsorship application part.