C14’s mission is to empower users around the world to easily engage with digital assets and Web3 ecosystems.
We believe Web2 and Web3 will merge to form a unified internet layer within the next 5 years. To succeed, this new internet will require faster, more efficient, and more user-friendly networks like Conflux. Users will also need tools to easily move money between traditional financial institutions and Web3 applications. We believe that a partnership between Conflux and C14 can solve these problems for the Conflux ecosystem and its end users; and help push Web3 toward global mass adoption.
Existing on/off ramps are expensive, difficult-to-use, and support only a small fraction of potential users around the world. C14 is building the next generation of fiat <> crypto payment flow: a seamless, e-commerce-like payments widget that can be embedded in websites and dApps across the Conflux ecosystem.
Users benefit from:
A frictionless fiat <> crypto ramp that mirrors the ease of a typical e-commerce payment flow. This allows any user in our growing list of coverage areas to easily purchase CFX and other Conflux network assets and transact across the Conflux ecosystem.
Streamlined KYC process. This is only required for first-time C14 widget users. Repeat transactions bypass this step.
Stored payment methods that are available to users wherever the widget is embedded. This allows for seamless transactions and repeat purchases across the Conflux ecosystem (DEX’s, NFT Marketplaces, etc). Repeat use transactions can be completed in seconds wherever the C14 widget is embedded.
Conflux benefits from:
A powerful (and continually improving) ramp to onboard users around the world – including emerging and underserved markets that currently have no meaningful ramp coverage.
A seamless fiat <> crypto payment flow made available to any projects building on Conflux. Projects can also work with C14 to list their native token(s) in the C14 widget. This serves as a powerful incentive for third-party developers to build on Conflux instead of other networks.
Access to users who previously were unable to on-ramp into Conflux network assets due to a lack of crypto experience or ramp coverage in their area. This provides a significant increase in the total addressable market for any project building on Conflux compared to a chain that doesn’t have the C14 widget.
There is no limit to the number of Conflux ecosystem projects C14 is willing to help onboard as referral partners. C14 will be available to work with any ecosystem projects who want to integrate the C14 widget into their project site and/or dApp.
C14 does not charge a setup, monthly or minimum fee of any kind for projects using the C14 widget on Conflux network. Once our Conflux integration is complete, all projects building on Conflux will be welcome to utilize what we have built!
Unlike other ramps, C14 is focused on adding meaningful coverage for emerging and underserved markets around the world. We can do this by integrating local payment providers in places where card adoption is low.
By integrating the most popular payment methods in global markets, we can drastically expand our coverage and allow users around the world of all crypto experience levels to easily engage with digital assets on Conflux.
C14 will initially launch with credit/debit card payment options for select users in the United States. Soon after, C14 will add support for select LatAm countries, EU countries and Canada.
From there, C14 will focus on adding coverage for emerging and underserved markets via local payment rails. This includes non-card payment methods in areas where card adoption is low (mobile banking in Kenya, bank transfers in Turkey, SPEI in Mexico, etc).
C14 also welcomes all input from the Conflux team in regard to areas where adding meaningful coverage would be most beneficial to Conflux user growth and adoption.
C14 will deploy the widget on Conflux eSpace.
C14 will work with Conflux to make the C14 widget available to any developers building on Conflux. We will be available to Conflux and Conflux ecosystem project teams to assist with integrations and make a best effort to ensure the integrations are successful.
C14 will assume all responsibility for managing the liquidity of listed assets on the C14 widget. C14 also assumes all market risk in regard to price fluctuations of listed assets.
Conflux has no responsibility or obligation to assist with liquidity management for any tokens listed on the C14 widget.
MARKETING AND PROMOTION:
Once the integration is live, C14 requests that Conflux promote the integration on Twitter and any other relevant communication channels. This is not an obligation, but it will assist both C14 and Conflux in driving traffic to the C14 widget and increasing the value of our partnership.
C14 will also promote the integration on all relevant communication channels.
C14 also asks for assistance from Conflux in promoting the partnership beyond social media engagements in any formats that could be beneficial to the partnership. We’re open to in-person events, webinars, looms/video trainings, etc.
As C14 expands its ramps coverage to emerging markets, C14 will also be open to jointly promoting its Conflux ramps as part of the expansion.
Erich Grant - Founder/CEO
Chris Plourde - Product/Operations
Patrick Wardell - Business Development
Parth Verma - Principal Engineer
Daniil Archipov - Engineer (contract)
Vladimir Kovalev - Engineer (contract)
TOTAL BUDGET AND FUNDING TIER
C14 requests a one-time listing fee, paid as a developer grant in CFX tokens. This grant will be paid upon successful listing of the agreed upon assets by C14.
Existing fiat <> crypto ramps are expensive, offer a poor user experience, and support only a small fraction of potential global users in terms of both geographic coverage and supported payment methods.
C14 is building the next generation of fiat <> crypto payment flow: a seamless, e-commerce-like payments widget that can be embedded in websites and dApps across the Conflux ecosystem.
C14 will initially deploy a widget that allows users in select U.S. states to KYC and purchase CFX with a credit or debit card. From there, C14 will continually improve the functionality of the widget with additional payment options and coverage areas. C14 will also work with Conflux ecosystem projects to embed the C14 widget and list additional tokens as requested.
Phase 1: Widget is deployed on Conflux. Users in the U.S. can purchase CFX with credit or debit cards.
Phase 2: C14 widget is deployed on Conflux ecosystem project websites and dApps.
There is no limit to the number of referral partner deployments that C14 is willing to assist with. We are eager to work with Conflux to make the C14 widget available to users as they engage with projects across the Conflux ecosystem.
We can also work with project teams to list their native tokens on the C14 widget.
Potential referral partners include wallets, decentralized exchanges, stableswaps, NFT marketplaces, and more.
Phase 3: C14 expands coverage to emerging and underserved markets via local payment rails.
Users around the world can easily onboard into the Conflux ecosystem and purchase various digital assets on Conflux network. Payment options will vary depending on what methods have the highest rates of adoption in the user’s area.
Development will include 2 distinct phases.
Phase 1: Widget is live and integrated on a website or dApp with support for CFX token.
C14 will deliver the embed code for the widget and work with Conflux to integrate the widget into any designated platforms.
Phase 2: C14 expands widget capabilities and adds referral partners in Conflux ecosystem.
C14 will continually improve the ramp by adding new payment options and coverage areas. An ever-increasing number of users around the world will be able to easily move in and out of digital assets on the Conflux network using the C14 widget.
We will also maintain an open line of communication for any additional projects or requests from the Conflux team. This includes assistance with embedding the C14 widget on any partner platforms or ecosystem projects, or any other assistance we might provide to the Conflux team.
Grant funding will be dependent on C14 reaching 2 milestones.
Milestone 1: First integration of the C14 widget into a website or dApp with CFX tokens listed and available for purchase.
Reward: 40% of total grant value paid to C14 in CFX tokens. Token amount determined at time of milestone completion.
Milestone 2: First card transaction processed through C14 for the purchase of CFX on Conflux network.
Reward: 60% of total grant value paid to C14 in CFX tokens. Token amount determined at time of milestone completion.
C14 will make a best effort to keep CFX and any other Conflux network assets listed on C14’s Platform. To assist us with maintaining a functioning widget for all referral partners on the Conflux network, we ask the Conflux team to provide:
Make all reasonable efforts to help C14 maintain the upkeep of the ramp.
Ongoing access to Conflux’s engineering team for Q&A as needed.
C14 is the sole counterparty for all transactions, retail or otherwise, involving CFX or any other assets that C14 may list on Conflux network. Nothing in this proposal should be constituted as Conflux selling or buying any asset with any customer.
C14 accepts all liability associated with any transaction involving CFX or any other future Conflux chain assets fully. C14 accepts sole responsibility for any regulatory, compliance, or other issue that may arise.
C14 will endeavor to work with Conflux to accommodate changing business environments and/or market conditions. C14 will maintain an active dialogue and line of communication with Conflux throughout the duration of the parties’ business relationship.
C14 will continue to offer support for CFX for 6 months after the initial integration. After that period, C14 will continue to offer support provided the service is being consumed by end customers (25 or more transactions per month). If C14 intends to terminate the listing, the following conditions will apply:
If less than 25 completed transactions occur in one month, this is not grounds for an automatic removal of CFX from being supported.
Conflux has the option to pay the difference in terms of number of transactions missing and the max % fee that C14 could generate in revenue if the threshold is not met to keep the service active.
If C14 intends to remove CFX because there are not enough transactions, C14 will send Conflux an overview of the transactions that were made.