{"signature": "0xabb176a2f6ea22c5169303443dacc07c85fd10340d1cdf19c84ba12d1e83a46c08218e194f605ae7e83126eb47b2f0618ef0be717dc6ba33b96d52f6a267b9651b", "application": {"round": "0x3E93205B786796Cf7Ea70404E89c7dda3b84D07a", "answers": [{"type": "email", "answer": "admin@chainzpay.com", "hidden": true, "question": "Email Address", "questionId": 0}, {"type": "short-answer", "answer": "adarshgpandey", "hidden": true, "question": "Telegram Handle We Can Use To Contact You", "questionId": 1}, {"type": "short-answer", "answer": "https://github.com/chainzpay/chainzpay-beta", "hidden": false, "question": "Project GitHub Repo", "questionId": 2}, {"type": "link", "answer": "https://t.me/chainzpay", "hidden": false, "question": "Link to your Public Group Chat", "questionId": 3}, {"type": "paragraph", "hidden": false, "question": "Have you participated in a previous Gitcoin Grants Round? If so, please name the rounds or link the builder profile associated with previous rounds.", "questionId": 4}, {"type": "paragraph", "answer": "\nChainzPay contributes to the OSS ecosystem by building critical infrastructure that bridges traditional finance and decentralized finance through our open-source payment protocol. Our platform enhances the ecosystem in several ways: \n\n1. We're developing an open-source smart contract infrastructure that supports multi-token payments, yield generation mechanisms, and treasury management with multi-signature security. By making these contracts open-source, we enable other developers to build complementary solutions or integrate our payment processing capabilities into their own applications. \n\n2. ChainzPay expands the practical utility of cryptocurrencies by solving a fundamental challenge in the ecosystem: the limited real-world applications for digital assets. By enabling users to pay credit card bills directly with crypto, we create a meaningful use case that drives mainstream adoption of blockchain technology. \n\n3. Our platform serves as a reference implementation for secure off-ramping solutions, demonstrating how cryptocurrency can interface with traditional banking systems while maintaining security and compliance. This helps establish best practices for the entire ecosystem. \n\n4. The yield generation mechanisms we're developing will be made available as independent modules that other DeFi projects can incorporate, further expanding the ecosystem's capabilities for generating returns on stablecoin holdings. \n", "hidden": false, "question": "How does your project contribute to the growth of the OSS ecosystem? Please provide specific examples of how your application enhances or expands the current ecosystem.", "questionId": 5}, {"type": "paragraph", "answer": "ChainzPay presents several distinctive features and use cases: \n\n1. Direct Credit Card Bill Payments: Users can pay their credit card bills using cryptocurrencies without manually converting to fiat first, eliminating a major friction point in crypto utility. \n\n2. Cost-Optimized Off-Ramping: Through strategic partnerships and efficient processes, we minimize conversion fees (0.5-2% compared to competitors' 2.5-4.5%) while providing transparent pricing. \n\n3. Integrated Rewards System: Users earn cashback and staking incentives on their transactions, creating additional value that competitors don't offer. \n\n4. Yield Generation: Stablecoin holdings generate 2-4% yield with weekly distribution and no lock-in periods, making ChainzPay both a payment solution and a passive income generator. \n\nOur differentiation comes from: \n\n● Offering a complete end-to-end solution rather than just a partial fix (like crypto cards or gift card platforms) \n● Providing instant settlements versus the delayed settlement times of competitors \n● Supporting multiple regions including India, Singapore, Malaysia, and Indonesia, where demand for crypto-to-fiat solutions is high \n● Building toward a comprehensive on-chain banking vision rather than just a single-purpose tool \n● Combining the best aspects of traditional finance's stability with DeFi's innovation \n\n", "hidden": false, "question": "What features or use cases does your dApp/App present? How is it differentiated?", "questionId": 6}, {"type": "paragraph", "answer": "Our development roadmap follows our vision of becoming the first true on-chain banking entity: \n\nPhase 1: Core Payment Infrastructure (Current) \n\n● Complete development of our smart contract infrastructure \n● Finalize integration with major off-ramp providers \n● Launch initial version supporting credit card payments \n● Implement basic rewards system \n\nPhase 2: Enhanced Features and Expansion (3-6 months) \n● Add support for additional payment types beyond credit cards \n● Develop advanced treasury management tools \n● Implement cross-chain compatibility for broader asset support \n● Expand geographical coverage to additional regions \n\nPhase 3: DeFi Super-App Ecosystem (6-12 months) \n● Develop crypto-backed lending and credit lines \n● Create automated bill payments and subscription management \n● Build investment baskets combining TradFi and DeFi options \n● Implement governance mechanisms for community participation \n\nThe grant funds will be used to achieve these goals through: \n\n1. Payment Infrastructure Development and Auditing (40%) \n○ Complete development of our core payment processing contracts \n○ Conduct comprehensive security audits \n○ Acquire the APIs from CCBP providers \n\n2. Off-Ramp Integration and Partnerships (15%) \n○ Secure additional bank partnerships for broader coverage \n○ Develop custom APIs for seamless integration \n○ Implement automated rate optimization algorithms \n\n3. User Experience Enhancement (20%) \n○ Improve frontend interface for better usability \n○ Develop mobile applications for broader accessibility \n○ Create educational resources for new users \n\n4. Community Building and Outreach (35%) \n○ Establish developer documentation and resources \n○ Create open-source contribution guidelines \n○ Host hackathons and educational events and referral programs to drive adoption By focusing on these areas, we aim to build a robust foundation for our vision while contributing valuable open-source components to the broader Web3 ecosystem.\n", "hidden": false, "question": "What are your plans for further development, and how will the grant funds be used to achieve these goals?", "questionId": 7}, {"type": "paragraph", "answer": "0x3a5Fff3C04D63ed1A68f3985Dd227eb7e23b9947, 43114", "hidden": false, "question": "For any project deploying smart contracts on blockchain networks, please list all your deployer addresses and their corresponding blockchain networks. Use this format for each entry: [deployer_address], [chain_id]—for example, 0x123abc..., 42161 (This represents a deployer address on the Arbitrum network). Please include a separate line for each unique deployer address and blockchain combination.", "questionId": 8}], "project": {"id": "0xaa57a0d98bf7bb5a2c13847638b14417f9d35ad84a320596d6ea48c1fd5556ac", "title": "Chainzpay", "logoImg": "bafkreiequqnbqfcoy6zmaoef5dujifcyjctlv25tlkvsvknlxv74vd7bde", "metaPtr": {"pointer": "bafkreibnhrauwjt5d3pcve6d4slaf2vgyyux7ydltgtvypupoa75zyl2wm", "protocol": "undefined"}, "website": "https://chainzpay.com", "bannerImg": "bafkreib3npndxwufkixlzdmee7473aiwvcocfas5dtburgaqlc7y7avo6e", "createdAt": 1738669279353, "userGithub": "akvinayaktiwari", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"type": "EthereumEip712Signature2021", "created": "2025-03-27T07:05:28.327Z", "@context": "https://w3id.org/security/suites/eip712sig-2021/v1", "proofValue": "0x65eab3d2716a6a4948d6d308c75b5971ebf1e41533dbc554d1abe3c1ca85d92f30494c29df016400aca5b487a5b4937fadb9aac35658c65f949b9229661bfa8d1c", "eip712Domain": {"types": {"Proof": [{"name": "@context", "type": "string"}, {"name": "created", "type": "string"}, {"name": "proofPurpose", "type": "string"}, {"name": "type", "type": "string"}, {"name": "verificationMethod", "type": "string"}], "@context": [{"name": "nullifiers", "type": "NullifiersContext"}, {"name": "provider", "type": "string"}], "Document": [{"name": "@context", "type": "string[]"}, {"name": "credentialSubject", "type": "CredentialSubject"}, {"name": "expirationDate", "type": "string"}, {"name": "issuanceDate", "type": "string"}, {"name": "issuer", "type": "string"}, {"name": "proof", "type": "Proof"}, {"name": "type", "type": "string[]"}], "EIP712Domain": [{"name": "name", "type": "string"}], "CredentialSubject": [{"name": "@context", "type": "@context"}, {"name": "nullifiers", "type": "string[]"}, {"name": "id", "type": "string"}, {"name": "provider", "type": "string"}], "NullifiersContext": [{"name": "@container", "type": "string"}, {"name": "@type", "type": "string"}]}, "domain": {"name": "VerifiableCredential"}, "primaryType": "Document"}, "proofPurpose": "assertionMethod", "verificationMethod": "did:ethr:0xd6f8d6ca86aa01e551a311d670a0d1bd8577e5fb#controller"}, "issuer": "did:ethr:0xd6f8d6ca86aa01e551a311d670a0d1bd8577e5fb", "@context": ["https://www.w3.org/2018/credentials/v1", "https://w3id.org/vc/status-list/2021/v1"], "issuanceDate": "2025-03-27T07:05:28.326Z", "expirationDate": "2025-06-25T07:05:28.326Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x947D017D6942638948e2C2e1DA48933a37b98cfA", "@context": {"provider": "https://schema.org/Text", "nullifiers": {"@type": "https://schema.org/Text", "@container": "@list"}}, "provider": "ClearTextGithubOrg#chainzpay#64476491", "nullifiers": ["v0.0.0:l3bp5YkyDjHxSunePu6p/WGOQN3GGOjMiJfkohfbLZc="]}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"type": "EthereumEip712Signature2021", "created": "2025-03-27T06:27:19.048Z", "@context": "https://w3id.org/security/suites/eip712sig-2021/v1", "proofValue": "0xae83100bd992b7c8552436f74284974ea36f93e61baac152eb71104cdc6a17e33e3b9968ff1ed48040d4d217bb60f22645ac29f14490b874bb8f5ba73d7ef1c51b", "eip712Domain": {"types": {"Proof": [{"name": "@context", "type": "string"}, {"name": "created", "type": "string"}, {"name": "proofPurpose", "type": "string"}, {"name": "type", "type": "string"}, {"name": "verificationMethod", "type": "string"}], "@context": [{"name": "nullifiers", "type": "NullifiersContext"}, {"name": "provider", "type": "string"}], "Document": [{"name": "@context", "type": "string[]"}, {"name": "credentialSubject", "type": "CredentialSubject"}, {"name": "expirationDate", "type": "string"}, {"name": "issuanceDate", "type": "string"}, {"name": "issuer", "type": "string"}, {"name": "proof", "type": "Proof"}, {"name": "type", "type": "string[]"}], "EIP712Domain": [{"name": "name", "type": "string"}], "CredentialSubject": [{"name": "@context", "type": "@context"}, {"name": "nullifiers", "type": "string[]"}, {"name": "id", "type": "string"}, {"name": "provider", "type": "string"}], "NullifiersContext": [{"name": "@container", "type": "string"}, {"name": "@type", "type": "string"}]}, "domain": {"name": "VerifiableCredential"}, "primaryType": "Document"}, "proofPurpose": "assertionMethod", "verificationMethod": "did:ethr:0xd6f8d6ca86aa01e551a311d670a0d1bd8577e5fb#controller"}, "issuer": "did:ethr:0xd6f8d6ca86aa01e551a311d670a0d1bd8577e5fb", "@context": ["https://www.w3.org/2018/credentials/v1", "https://w3id.org/vc/status-list/2021/v1"], "issuanceDate": "2025-03-27T06:27:19.047Z", "expirationDate": "2025-06-25T06:27:19.047Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x947D017D6942638948e2C2e1DA48933a37b98cfA", "@context": {"provider": "https://schema.org/Text", "nullifiers": {"@type": "https://schema.org/Text", "@container": "@list"}}, "provider": "ClearTextTwitter#chainzpay", "nullifiers": ["v0.0.0:jlvpQFkBuCS3b/D0Qzghlj2U7iATnBnxo8vaZDJwuLg="]}}}, "description": "Chainzpay enables users to pay credit card bills using crypto and get rewarded for doing so. We aim to become a complete on-chain banking entity.\n\nProject Description :\n\nChainzPay is an innovative on- and off-ramp infrastructure solution that bridges the gap between traditional finance and decentralized finance. It enables users to pay their credit card bills directly using cryptocurrencies and rewards them for doing so. We aim to become an on-chain banking entity, a defi super app for all crypto transactions worldwide.\n\nGoals\n\n1. Develop and launch innovative robust on/off-ramp infrastructure for the end user\n\n2. Create practical utility for crypto assets in everyday financial transactions\n\n3. Reduce friction in crypto-to-fiat conversions\n\n4. Build the first-ever rewards engine for crypto bill payments\n\n5. Build a defi super app an on-chain banking entity that caters the need of end users and brings the goodness of both worlds ( defi & tradfi )\n\n\n\n1. Problem Statement\n\nLimited Real-World Utility for Crypto: Despite growing crypto adoption, users struggle to find practical use cases.\n\nInefficient Payment Methods: Existing credit card bill payment systems lack innovation and fail to integrate decentralized finance solutions.\n\nHigh Fees for Conversion: Off-ramping crypto to fiat involves high fees, complex processes, bank freezes, and other issues.\n\nLack of Rewards for Crypto Payments: Users often miss out on rewards for utilizing their crypto assets for real-world payments.\n\n2. ChainzPay’s Solution\n\nChainzPay introduces a decentralized platform where users can:\n\n- Pay their credit card bills directly using cryptocurrencies.\n\n- Access a seamless off-ramping mechanism to convert crypto into fiat.\n\n- Earn rewards like cashback and staking incentives for payments made on the platform.\n\n- Leverage a secure, transparent, and user-friendly interface for all transactions.\n\n\nBenefits for Blockchain Ecosystem\n\n1.    Enhanced Utility:  Add utility for underlying blockchain’s native coin and stablecoins \n\n2.    User Growth :  Attract traditional finance and web3 users\n\n3.    Infrastructure Development :  Strengthens payment infrastructure\n\n4.    Economic Activity :  Increases transaction volume \n\n5.    Innovation :  Pioneers new models for DeFi-TradFi integration\n\n6.    Increased TVL:  Increased TVL on-chain via our yield products\n\n\n\n", "lastUpdated": 0, "projectGithub": "chainzpay", "projectTwitter": "chainzpay"}, "recipient": "0x947D017D6942638948e2C2e1DA48933a37b98cfA"}}