First Decentraland native crypto debit card top up
Proposal Details
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Description
Our goal Our goal is straightforward. We want to make sure that every Decentraland user can easily access their funds without the need to go to other networks or exchanges at any point in time. We are self-funded and have been bootstrapping for over 1,5 years. We have received OlympusDAO and Gitcoin grants for gasless transactions. To offer new features to new users we need your support. Benefits • Our integration requires us to integrate a swap aggregator mesh: to be able to use MANA . It means that all DEXs will directly benefit from this option. • Our integration also requires access to bridges: to be able to bridge funds for settlement. It means that Decentraland bridge will also directly benefit from the activity on the bridges. • Finally, all DAOs, social projects, and new protocols will also benefit as their tokens (locked, vested, and other liquid assets) will also become available for the top-up. • This integration benefits the MANA ecosystem by introducing a new level of utility for all MANA-based assets. Flexible and Extendable • We have a very modular platform, that will allow other projects on Decentraland to access our infrastructure and build their on card solutions on top of ours.
Voting Power
> Also, thanks for bringing the question about the grant request. I understand that you have a certain level of expectation from any “exchanges” when they say it’s free, yet, there is always a hidden cost. Well, if I can ask you to take a look at our fee structure here, I’m sure you wouldn’t be so critical, and understand that, no, we will not “surely earn more $$ by integrating as many cryptos as you can”. Without diving too deep into your financial model, what I understand is you charge certain fees from users (I don't mind what that amount is). Adding Mana and other Popular currencies increases your user-base and hence the net revenue [if increasing users doesn't increase your revenue, you have some other problems to deal with]. I can understand you saying that you aren't making a profit out of this yet which is natural for any startup trying to compete in such a huge market. > To add to that, as I stated in our proposal, we are focused on the community goods. We are a self-funded team, and we haven’t raised private or public money. ^^ this part is good while it lasts, but it would be naive of us to think that you won't need to raise money in the future to compete with the giants out there. > You’ve raised a very interesting point! Answering with a question on a question, but please bear with me. Why do exchanges require an extensive onboarding process for every token? Isn’t it a copy-paste address change? And this is where the root-case of the problem is. Every time crypto touches fiat or vice versa is a regulated activity. As it turns out, it’s not about copy pasting the token address. I agree that it isn't a copy paste process exactly and you will have to put in the effort. But being a startup, that is something you will just have to do (for free as long as possible). Mana is one of the top 20 (?) cryptos in the world right now and I see a lot for you to gain from this vs the Decentraland ecosystem since they can do this same listing on other more established companies providing the same services to users. That being said, it seems that this compliance/listing part is your major expense. Would you like to lay down more details for this? Would it need you to hire new personnel or pay some third party legal agency?
Hey champ! Thanks for jumping into the discussion so fast and so passionately! You've raised a very interesting point! Answering with a question on a question, but please bear with me. Why do exchanges require an extensive onboarding process for every token? Isn't it a copy-paste address change? And this is where the root-case of the problem is. Every time crypto touches fiat or vice versa is a regulated activity. As it turns out, it's not about copy pasting the token address. Also, thanks for bringing the question about the grant request. I understand that you have a certain level of expectation from any "exchanges" when they say it's free, yet, there is always a hidden cost. Well, if I can ask you to take a look at our fee structure ([here](https://faq.viamover.com/what-is-a-beautiful-card)), I'm sure you wouldn't be so critical, and understand that, no, we will not "surely earn more $$ by integrating as many cryptos as you can". To add to that, as I stated in our proposal, we are focused on the community goods. We are a self-funded team, and we haven't raised private or public money. Finally, though we are the first to say that we can use DEXs to make token swaps easy and simple from the compliance perspective, it doesn't come as easy for us, as it is for our users, but I'd loop back into the reality of regulated activities. Thanks again for checking this proposal within minutes of us submitting it!
Question: If you have the system ready and have already integrated some other coins, adding Mana should be as simple as copy pasting the token address and making a few changes? Why are you looking for a grant for that when you have the infrastructure and will surely earn more $$ by integrating as many cryptos as you can [heck, you can just use a dex in the backend to allow it for any currency?]
First Decentraland native crypto debit card top up This proposal is now in status: REJECTED. Voting Results: * Yes 1% 32 VP (10 votes) * No 99% 2,145,876 VP (23 votes)
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