{"signature": "0x647bd313ede1f7dc3e121225edbb8cf6f81020e9df39dc83cac2892d975073ec54bed273042e22dcd5c04acdaa2552e77f45af5fd22841e6c73b8121d967d3c41b", "application": {"round": "0x8300bff613a1192e3d7fa0bab63acd46c7796204", "answers": [{"type": "short-answer", "answer": "@EpiconEth", "hidden": true, "question": "Telegram Handle", "questionId": 0}, {"type": "short-answer", "hidden": true, "question": "Link to your Public Group Chat (e.g., Discord or Telegram)", "questionId": 1}, {"type": "link", "answer": "https://gap.karmahq.xyz/project/torii-exchangeS", "hidden": true, "question": "Please link your Karma GAP profile, which will be used for milestone tracking and progress updates", "questionId": 2}, {"type": "checkbox", "answer": ["Smart Contract Development and Interoperability"], "hidden": true, "question": "Which of the Sei ecosystem themes does your project focus on? Please select all that apply:", "questionId": 3}, {"type": "paragraph", "answer": "Torii Exchange is designed to tackle the problems of fragmented liquidity, inefficient pricing, complex user experience, and slow trade execution on the Sei Network. Here’s how Torii addresses these issues:\n\n1. Optimal Pricing for Every Trade Intelligent Trade Routing: \n\nTorii employs advanced algorithms to intelligently route trades through the most efficient paths across multiple DEXs, ensuring users consistently receive the most favorable prices. This maximizes returns on every transaction by avoiding the pitfalls of fragmented pricing.\n\n2. Deep Liquidity Access Liquidity Aggregation: \n\nBy integrating with a wide array of DEXs, Torii taps into multiple liquidity pools, significantly reducing slippage and providing a smoother trading experience. This ensures that users can access the best possible market rates without manually scanning various DEXs.\n\n3. User-Centric Simplicity Streamlined Interface: \n\nTorii is designed with a user-friendly interface that simplifies DeFi trading for all users, regardless of their technical expertise. This accessibility makes it easier for both seasoned traders and newcomers to leverage the platform’s powerful features.\n\n4. Key Infrastructure in Sei’s DeFi Ecosystem\nSeamless Integration: \n\nAs an integral part of the Sei Network’s DeFi landscape, Torii supports a wide range of tokens and integrates effortlessly with other DeFi protocols. This makes it an indispensable tool for traders seeking versatility, efficiency, and reliability within the ecosystem.\n\n5. Speed and Efficiency Powered by Sei Advanced Infrastructure: \n\nBuilt on Sei’s cutting-edge technology, Torii ensures swift and accurate trade execution. This speed provides users with a decisive edge in capitalizing on market opportunities, a critical factor in the fast-paced world of cryptocurrency trading.", "hidden": true, "question": "How does your project create value for the Sei developer ecosystem? Please provide specific examples.", "questionId": 4}, {"type": "paragraph", "answer": "Community Engagement\nActive Participation in Community Events:\n\nHosting and Sponsoring Events: We will host and sponsor regular community events such as webinars, AMAs (Ask Me Anything) sessions, and virtual meetups to discuss DeFi trends, Sei Network developments, and Torii Exchange features.\nHackathons and Competitions: Organize hackathons and trading competitions to encourage innovation and engagement within the Sei community. Winners will receive rewards, boosting user interaction and interest.\nCollaboration with Influencers and Partners: Partner with DeFi influencers and key figures within the Sei Network to co-host events and spread awareness about Torii Exchange.\nEducational Content Creation:\n\nComprehensive Guides and Tutorials: Develop detailed guides, video tutorials, and FAQs to help users understand how to use Torii Exchange effectively, covering topics from basic trading to advanced strategies.\nRegular Blog Posts and Newsletters: Publish blog posts and newsletters featuring the latest updates, market analysis, trading tips, and educational content about DeFi and the Sei Network.\nInteractive Workshops and Webinars: Conduct workshops and webinars to educate users about DeFi, liquidity aggregation, and the benefits of using Torii Exchange, making complex concepts accessible to everyone.\nEngaging with the Sei Community:\n\nDedicated Community Channels: Create and manage dedicated channels on platforms like Discord, Telegram, and Reddit for Torii Exchange users to share experiences, ask questions, and provide feedback.\nSocial Media Presence: Maintain an active presence on social media platforms such as Twitter, LinkedIn, and YouTube to engage with the community, share updates, and promote discussions.\nFeedback and Improvement Loop: Encourage users to provide feedback through surveys, polls, and direct interactions. Use this feedback to continuously improve the platform and address community needs.\nSelf-Marketing Strategy\nTargeted Advertising Campaigns:\n\nDigital Marketing: Launch targeted digital marketing campaigns on relevant crypto and finance platforms to attract traders and investors to Torii Exchange.\nContent Marketing: Utilize SEO-optimized content, including blog posts, articles, and videos, to increase visibility and attract organic traffic to our website.\nPartnerships and Collaborations:\n\nStrategic Alliances: Form partnerships with other DeFi projects, DEXs, and blockchain influencers to cross-promote and expand our reach within the crypto community.\nJoint Ventures: Collaborate with educational platforms and DeFi educators to co-create content and webinars, providing value to both our users and their audiences.\nIncentive Programs:\n\nReferral Programs: Implement referral programs to reward users for bringing new traders to Torii Exchange, fostering word-of-mouth marketing.\nLoyalty and Reward Systems: Develop loyalty programs that reward active users with incentives such as reduced trading fees, exclusive access to new features, and participation in beta testing.\nMedia Outreach:\n\nPress Releases and Articles: Distribute press releases and contribute articles to major crypto news outlets to announce significant updates, partnerships, and achievements.\nInterviews and Features: Seek opportunities for interviews and features in industry publications and podcasts to highlight Torii Exchange’s unique value proposition and success stories.", "hidden": true, "question": "Describe your project's approach to community engagement and self-marketing. How do you plan to participate in community events, create educational content, and engage with the Sei community?", "questionId": 5}, {"type": "paragraph", "answer": "The Torii Exchange team is comprised of seasoned professionals with deep expertise in blockchain technology, decentralized finance (DeFi), software development, and financial markets. Our combined skills and experience position us well to deliver a cutting-edge, user-friendly DeFi platform on the Sei Network.", "hidden": true, "question": "How does your team's expertise contribute to the successful execution of the project? Please provide relevant background information.", "questionId": 6}, {"type": "paragraph", "answer": "Torii Exchange is a new project specifically developed to enhance the DeFi ecosystem on the Sei Network. While we are in the initial stages of development, our team’s expertise and strategic planning are poised to bring significant value to the Sei Network.\n\nContributions to the Sei Ecosystem\nAlthough Torii Exchange is a new initiative, our planned contributions to the Sei ecosystem are substantial:\n\nLiquidity Aggregation:\n\nBy integrating multiple DEXs on the Sei Network, Torii will aggregate liquidity, reducing fragmentation and enhancing the overall trading experience. This deep liquidity access will attract more traders to the Sei Network, increasing its activity and volume.\nOptimal Pricing and Trade Efficiency:\n\nOur intelligent trade routing algorithms will ensure that users get the best possible prices for their trades. This efficiency in pricing will make Sei a more attractive network for traders looking for competitive rates and low slippage.\nUser-Friendly Interface:\n\nTorii Exchange aims to simplify DeFi trading with a streamlined interface, making it accessible to both experienced traders and newcomers. This ease of use will help onboard more users to the Sei Network, contributing to its growth and adoption.\nEducational Content and Community Engagement:\n\nThrough the creation of comprehensive guides, tutorials, and regular community events, we will educate users about DeFi and the advantages of the Sei Network. This initiative will foster a knowledgeable and engaged community, driving long-term adoption.\nSeamless Integration with Other DeFi Protocols:\n\nAs part of the Sei ecosystem, Torii will integrate with other DeFi protocols, enhancing interoperability and creating a more cohesive DeFi landscape. This integration will provide users with a versatile and efficient trading environment.\nInnovation and Technological Advancement:\n\nBy leveraging advanced technologies and continuous innovation, Torii Exchange will contribute to the technological advancement of the Sei Network. Our commitment to achieving zero slippage trades and rapid trade execution will set new standards for performance and reliability within the network.", "hidden": true, "question": "Is this a new project or an ongoing initiative? If ongoing, please provide details of your project's contributions to the Sei ecosystem.", "questionId": 7}, {"type": "paragraph", "answer": "1. Parallel Execution\nEnhanced Throughput: Sei’s parallel execution enables multiple transactions to be processed simultaneously, significantly increasing throughput. Torii Exchange utilizes this capability to handle high trading volumes without compromising speed or efficiency.\nReduced Latency: By leveraging parallel execution, Torii minimizes transaction latency, ensuring swift trade execution. This is critical for users looking to capitalize on market opportunities promptly.\n2. Twin Turbo Consensus\nHigh-Speed Transactions: Sei’s Twin Turbo Consensus ensures rapid finality and high-speed transaction processing. Torii Exchange benefits from this by offering users near-instant trade confirmations, enhancing their trading experience.\nReliability and Security: The consensus mechanism provides robust security and reliability, which are essential for maintaining user trust and safeguarding assets on Torii Exchange.\n3. SeiDB\nEfficient Data Management: SeiDB provides a high-performance, scalable database solution tailored for blockchain applications. Torii leverages SeiDB for efficient data management, ensuring quick access to trading data and historical records.\nEnhanced User Experience: With SeiDB’s capabilities, Torii can offer users detailed analytics, real-time data feeds, and a seamless interface that responds swiftly to user inputs.\n4. VM Interoperability\nCross-Chain Compatibility: Sei’s virtual machine (VM) interoperability allows Torii Exchange to interact with various blockchain networks. This feature is crucial for aggregating liquidity from multiple sources, enhancing Torii’s liquidity pools and reducing slippage.", "hidden": true, "question": "How does your project align with Sei's core features and vision, such as Parallel Execution, Twin Turbo Consensus, SeiDB, or VM Interoperability?", "questionId": 8}, {"type": "short-answer", "answer": "Twitter - x.com/benjamin_woods SEI Address - sei1cjqlajf74ywmy84nngrx9hy9jtm3d6xy4fjfz2", "hidden": true, "question": "If you were referred to this program, please provide the referrer's information (optional).", "questionId": 9}, {"type": "dropdown", "answer": "Yes", "hidden": true, "question": "Please confirm that you have read and agree to comply with the ethical standards outlined in the eligibility criteria, including Gitcoin's Quid Pro Quo policy (https://support.gitcoin.co/gitcoin-knowledge-base/gitcoin-grants/general-questions/what-is-our-quid-pro-quo-policy) ", "questionId": 10}, {"type": "dropdown", "answer": "Yes", "hidden": true, "question": "If selected, will you commit to providing regular updates via Karma GAP on project progress and milestone achievements and participating in Sei community events to present your progress and outcomes?", "questionId": 11}, {"type": "paragraph", "hidden": true, "question": "Is there anything else you'd like to share about your project, previous work, or other affiliations? Is there anything else you'd like to add that may help determine project eligibility?", "questionId": 12}], "project": {"id": "0x0fb2615ba4ffab5b0b1411affcb71a7aa4cbc91d6cdca28c9e70276b8aae1ea0", "title": "Torii Exchange", "logoImg": "bafkreigxls7svm7gzkt4a4jbmb6cq2hdtrtvsbiohivo4fgoql3v7glanm", "metaPtr": {"pointer": "bafkreigvlbznclqacmgnhwhdrelvevtqayy4dnavtl4ninw53qgxldzc4u", "protocol": "undefined"}, "website": "https://www.torii.ag", "bannerImg": "bafybeiehki4jkhni4uuj3ihvxwhcilghjcvxbbqyzsglgfpfcnltxuc3nq", "createdAt": 1727726963053, "credentials": {}, "description": "# Torii Exchange is a cutting-edge decentralized finance (DeFi) platform, purpose-built for the Sei Network. \n\nOur mission is to offer users the most competitive trading prices by aggregating liquidity from multiple decentralized exchanges (DEXs) in a seamless, efficient manner. \n\n## Here’s why Torii stands out:\n\n### - Optimal Pricing for Every Trade: \n\nTorii ensures users consistently receive the most favourable prices by intelligently routing trades through the most efficient paths across multiple DEXs. With Torii, users can confidently secure the best value, maximizing their returns on every transaction.\n\n### - Deep Liquidity Access: \n\nBy integrating with multiple DEXs, Torii taps into a wide range of liquidity pools, reducing slippage and offering a smoother trading experience. This deep liquidity ensures our users capture the best possible market rates without the complexities of manually scanning DEXs.\n\n### - User-Centric Simplicity: \n\nDesigned with a streamlined interface, Torii simplifies DeFi trading for all users. No technical expertise is required to leverage the platform’s powerful features, making it accessible to seasoned traders and newcomers alike.\n\n### - Key Infrastructure in Sei’s DeFi Ecosystem: \n\nAs a vital component of the Sei Network’s growing DeFi landscape, Torii supports a wide array of tokens and integrates seamlessly with other DeFi protocols. This makes it an indispensable tool for traders seeking versatility, efficiency, and reliability within the ecosystem.\n\n### - Speed and Efficiency Powered by Sei:\n\nBuilt on Sei’s advanced infrastructure, Torii ensures that every trade is executed swiftly and accurately. In the fast-paced world of cryptocurrency, Torii’s speed provides users with a decisive edge in capitalizing on market opportunities.\n\n## Key Roadmap Items:\n\n### - Connect to All On-Chain DEXs on Sei Network: \n\nWe aim to aggregate liquidity across every available decentralized exchange, ensuring that Torii provides the most comprehensive trading platform on Sei.\n\n### - Achieve Zero Slippage Trades: \n\nWith the integration of efficient arbitrage routing, Torii will work towards delivering zero slippage trades, optimizing the value of every transaction for our users.\n\n### - Scale to 50% of Sei's Spot Trading Volume: \n\nOur long-term goal is to capture half of all spot trading volume on the Sei Network, making Torii the go-to platform for traders seeking liquidity, efficiency, and optimal prices.\n\n## Funding Allocation:\n\n- The funds raised through this proposal will be used to fuel Torii’s continued development and operations, ensuring that we can meet our roadmap goals efficiently. Additionally, a portion of the funds will be allocated to incentivizing user activity, fostering growth, and driving adoption on the platform.\n\nTorii Exchange is not just another DEX aggregator—it’s the gateway to seamless, efficient trading on the Sei Network, empowering users to unlock the full potential of DeFi. \n\nBy backing this proposal, you are helping to elevate the Sei ecosystem and create a platform that delivers unparalleled value to its users.", "lastUpdated": 0, "projectTwitter": "ToriiExchange"}, "recipient": "0x616c857A1b8fF81E31610522241283281b16ABbc"}}