Technical Grant Application-One-step application web of CFX from Binance exchange to Conflux core wallet-Tier1

#1

One-step application web of CFX from Binance exchange to Conflux core wallet

APPLICATION INTRODUCTION
This application web is to solve the most common pain point problem Conflux network encounters when acquiring new users: how to safely enter the Conflux core for stake or other activities after new users purchase CFX token from the most popular currency Binance exchange. This can help more newcomers to get rid of the uncertainty in cross-chain operations, resulting in asset losses. This web can improve the user experience of conflux for new users.
• Purpose of the system: Nanny-class cross-chain tool applied to CFX token and open source to the community
• Scope of the system：That allows anyone to transfer CFX tokens to Conflux core from Bianace.
• Objectives and success criteria of the project：Withdraw bCFX from Binance to the designated BSC account, and the additional conflux core address will receive the equivalent amount of CFX after deducting the fees. It should be accurate and reliable.
• Definitions, acronyms, and abbreviations：Not involved
• References: Not involved
• Overview: Not involved

TEAM
Aoems: PM & RD, Director of HydraSF pos pool
20 years experience on development, 3 years experience on blockchain development. Currently serving a Nordic multinational communication enterprise. Here is his project about Conflux:
https://hydrasf.club

Frank: RD, Director of GS pos pool
12 years experience on web 2 development, 3 years experience on blockchain development. Here is his project on Conflux:
https://gspos.club

HeadWolf: Market, Co-founder of ABC pos pool
3 years of community operations and market operations in the blockchain field. Here is his project on Conflux:
https://confluxpos.cn

aDi: Market, Co-founder of ABC pos pool
2 years of community operations and market operations in the blockchain field. Here is his project on Conflux:
https://confluxpos.cn

TOTAL BUDGET AND FUNDING TIER
Budget: $6000（Develop:$3000u, Operate:$3000）; 1-monthes

CURRENT FUNCTIONALITY
None

DEVELOPMENT ROADMAP
Only Tier1, Due delivery

MAINTENANCE CONSIDERATIONS
As a concise and efficient tool, we provide instructions or video guides, and will repair the bugs of the tool for long-term maintenance.

#2

What’s the difference between the cross chain of Confluxhub and your project?

#3

At present, a lot of new Binance users are eager to stake their CFX tokens in the Proof-of-Stake (PoS) pool. However, the process is complicated and requires multiple steps. Our hope is that the process can be simplified so that users can buy CFX from Binance, withdraw them to their Conflux dApp wallet, and stake them to the PoS pool all while comfortably relaxing in bed, on the seaside, or even at an airport.

We would appreciate it if the official developers could take on this task instead of us. To make this a reality, we suggest opening a Core/eSpace Channel and asking CZ for support. With this change, every user who buys CFX from Binance will have the convenience of staking their tokens from anywhere, at any time.

#4

It covers the cross-chain function of the confluxhub, but users are not aware of it, especially for new users.

#5

Thanks for your application @AoemsConflux! Some intial questions:

  1. It’s not clear in your proposal if your plan is to support CFX transfers between Binance Exchange and Conflux Core, or Binance Smart Chain (BSC) and Conflux Core. Can you please clarify?
  2. What are the liquidity requirements for the cross chain tool? And how do you plan to fund it?
#6

Hi Team,

Thank you for this proposal. It would help to clarify a few questions below:

  1. Can you provide a sample workflow figure for what you are proposing? like a technical architecture diagram. It is not clear from the description you gave here.
  2. I would like to understand the current pain points you mentioned a bit better.
  3. What do the operating costs account for? Can you list out the tasks involved, including the man-hours expected?
  4. Is there any infrastructure setup needed for this one?