TECHNICAL GRANT APPLICATION – Nearpay – Tier 2

#1

APPLICATION INTRODUCTION

On-ramp widget for the Conflux ecosystem.
Grant will be used to support your token and allow your users buy your token with fiat - https://nearpay.co/swap.
NearPay Widget is a live product, it’s used to on-ramp users from fiat to crypto. 
Our product which was initially designed to on-ramp users in the NEAR Protocol ecosystem. We are now scaling to other blockchains.
The NearPay widget can be integrated on websites and into mobile applications. We support credit and debit card payments and are working on adding more payment methods.

TEAM

Full Name: Taras Dovgal
Role: Founder, CEO
Background: Serial entrepreneur with over 10 years of experience as a systems developer, ex-founder/CTO of WALL.one
LinkedIn profile link: https://www.linkedin.com/in/tarasdovgal/
Twitter handle: https://twitter.com/TarasDovgal

Full Name: Eugene Rid
Role: Founder, CLO
Background: Entrepreneur, angel investor, and mentor with 10 years of experience in the tech industry

Full Name: Ivan Ilin
Role: COO
Background: 10 years in IT, managed projects of up to 200 people, ex-founder of a FoodTech startup (exited)
LinkedIn profile link: https://www.linkedin.com/in/ivan-ilin-396a79b0/
Twitter handle: https://twitter.com/direct4d

Full Name: Kirill Arutyunov
Role: CTO
Background: 11 years in IT, worked with highload, 2nd place at Junction Hackathon 2018, entrepreneurial mindset
LinkedIn profile link: https://www.linkedin.com/in/kirillarutyunov/
Twitter handle: https://twitter.com/kirillarutyunov

Full Name: Ilya Romanov
Role: CMO
Background: 12 years in marketing. Helped to build efficient client acquisition processes for more than 30 businesses
LinkedIn profile link: https://www.linkedin.com/in/ilyshka/
Twitter handle: https://twitter.com/ilyshka

TOTAL BUDGET AND FUNDING TIER

Tier 2 - 15$

CURRENT FUNCTIONALITY

NearPay Widget is used to on-ramp users from fiat to crypto - https://nearpay.co/swap
Merchant integration support - https://docs.nearpay.co/Dev-Documentation-SDKs-for-Merchants-fbf29ddaf92d4ea190ad92aef4d90474#b91808680ff44a018866a691e21e82b6
Supported currencies - https://docs.nearpay.co/NearPay-supported-fiat-currencies-791afc0924d04f65af062dbb9219e0df
Supported countries - https://docs.nearpay.co/NearPay-geographic-restrictions-6f409e1b738049c3a83a2a2b6b41c6eb

TECHNICAL PROPOSAL

NearPay widget shall support Conflux token
NearPAy widget shall allow users from supported countries to purchase a Conflux token using supported methods.
Usability - no KYC for the first transaction

SYSTEM MODEL

Our product is live.
widget.nearpay.co - production
stage-widget.nearpay.co - sandbox

Our user flow - https://vimeo.com/773461672
Docs - https://docs.nearpay.co

DEVELOPMENT ROADMAP

Backend service for liquidity (2 weeks) - 6k
Trading and exchange Conflux realtime (2 week) - 6k
Enable token for widget users (3 days) - 1k

MAINTENANCE CONSIDERATIONS

After integrating the token, there will be no additional costs for us to support it.
1 Like
【树图科技头条】2022年12月5日 星期一 佛系星球公布一系列年终活动规划以创建可持续发展的商业模式
#2

Hello @yaros thanks for applying for this grant. I have a couple of questions:

  • What’s your geographic coverage for supporting your product? Can it be used from any country? Or only specific ones?
  • Is your project open sourced?
  • Has it been audited by a 3rd party?
  • Are you using a 3rd party service for KYC? Or do you manage it yourself?
    Thanks!
#3

Hi,

Thank you for applying this grant. Can you please specify how many of the development team members will be allocated for this?

1 Like
#4

Hey @Nikolai_Nikonorov and @nelaturuk

What’s your geographic coverage for supporting your product? Can it be used from any country? Or only specific ones?

At the moment we support 55 countries, and in a month there will be about 100 countries.
List of supported countries - https://docs.nearpay.co/NearPay-geographic-restrictions-6f409e1b738049c3a83a2a2b6b41c6eb

Is your project open sourced?

Most of our products are closed source, but we can partially open source it (e. g. liquidity managment for Conflux)

Has it been audited by a 3rd party?

We have PCI AOC from https://www.verygoodsecurity.com/

Are you using a 3rd party service for KYC? Or do you manage it yourself?

We are using 3rd party - Sumsub.

Can you please specify how many of the development team members will be allocated for this?

2 backend devs for liquidity managment
1 backend dev for realtime exchange
1 qa for test integration
1 backend dev for enabling token for widget users

#5

Thank you for your response. From my side you have approval for this application. Looks good to me.

#6

Great, thank you @nelaturuk!
What will be the next step?

#7

Hi @yaros for a Tier 2 grant, 3 votes are required for a grant to be approved.

Can we lower the budget to fit the requirements for a Tier1 grant (<$5k) ?

#8

:+1: