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Cryptocurrency exchanger and virtual bank in the metaverse

RejectedGrant Request

Proposal Details

Author0x9df7…9524
PublishedJan 08, 2022 14:48
Voting beginsJan 08, 2022 14:48
Voting endsJan 22, 2022 14:48
Snapshot#UXRke41

Grant size

240,000 USD

Tier

Tier 6

Beneficiary

0x9df7…9524

Description

## Main project The project is at an early stage of development, as only 3 people are working on it. Despite this, we managed to write our own program for the cryptocurrency exchanger, which stands out with speed and security. The cryptocurrency exchanger is a central part of the entire ecosphere. We designed program so that it would be as easy to connect other services (for example, integrate the exchanger into the marketplace). ## Other projects in system **Processing** - The user remains on the site, he doesn't need to go to external systems. This will speed up the payment processing from our side. **Acquiring** - Our own acquiring will allow us to reduce commissions for our clients. Besides, acquiring integrated into the system also allows sellers and buyers to receive additional benefits on our platform, for example, cashback. **Decentralized marketplace** - In our marketplace, it will be possible to buy goods for both fiat and various cryptocurrencies. This will eliminate one regulator and reduce fees. We will be able to minimize costs and organize healthy competition in product markets with a large number of small participants. At the same time, neither sellers nor buyers will pay commissions, which will reduce the cost of goods. **NFT service** - NFT service with auction and stock exchange for art freelancers with all functions for accepting, distributing accounting and storing funds. The benefits for sellers and buyers are the same as in the marketplace - the services are interconnected and there are no commissions. One of our team members is a certified economist with experience in large banks, so the economic model of our cryptocurrency exchanger is working and already brings some profit. For other services, the economic model is also already being worked out. But having a small team imposes its own limitations. We can't work on both the backend and the frontend at the same time. Therefore, the design and functionality in some moments lags behind the competitors. ## So, we need funds for * **Programmers** - to work in parallel on several modules; * **Web designer** - to improve the usability of all services; * **Lawyer** - to resolve disputes and protect us and our partners; * **Marketing and sales department** - to promote services. ## Links: 1. [Our exhanger](https://cryptonex.top/) 2. [Running Pre-ICO](https://foundico.com/ico/crypto-online-exchange.html) 3. [Twitter]( https://twitter.com/ICO_Cryptonex) 4. [Reddit](https://www.reddit.com/user/COFEOX/comments/rmpvrx/cofpreico_cofeox_cryptocurrency_exchanger/)

Voting Power

04M8MRequired to pass01/0801/1201/1501/1801/21
YesNo

9 Comments

simranDec 01, 2022

i mean the fact that the projects are different and in fact the similarity is only 30%. i guess it is not so much a monopoly but it is competition

AntonnJan 20, 2022

I mean the fact that the projects are different and in fact, judging by the description, they do not copy each other, but are only 30% similar. Yes, and in similarity there may already be competition, and not a monopoly. Yes, and judging by the number of those who voted for - 16 votes, this is interesting and creates healthy competition, which looks good in the eyes of users

BETJan 19, 2022

They're building it for free for us to use.... Is what i meant.. Not sure what you mean?

AntonnJan 19, 2022

And not for free.... Team have salary

BETJan 19, 2022

unbanked are building their NFT platform @ https://unbnk.com They have bank accounts in 200+ countries already.. Card in USA.. They don't have a physical bank but they are building one @ https://play.decentraland.org/?position=13%2C-1&realm=dg

AntonnJan 19, 2022

Where's proof? Secondary... like robinhood free comission?)) and in the fact badder price without fee And.... unbanked for bank products... doubtful

BETJan 19, 2022

Unbanked are already working on this.. For free..

COFEOXJan 19, 2022

Our GitHub link - https://github.com/COFEOX/ And our team has replenished with excellent programmers: Rakhmetov Eduard PhD mathematician Kochneva Marina PhD mathematician, C/C++ programmer Sergey Keyzerov C++ programmer Vladimir Kushnarev VHDL programmer, Verilog Andreev Alexander Java programmer

daoJan 08, 2022

Cryptocurrency exchanger and virtual bank in the metaverse This proposal is now in status: REJECTED. Voting Results: * Yes 1% 46,033 VP (15 votes) * No 3% 260,851 VP (14 votes)