{"signature": "0x1165e0ad9635e88f61818294953848f2d5890f0de880f3d4e7408f554cedb4671afb4064e09fb0a118d95cd6da0b57f38764c8b1c444f0738357a01246f60ca71b", "application": {"round": "0xe03a19f4921d69cddd37f54dfe814dc66aa92100", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "ub1KeJDBVnZBurWhWKJJNjbzl69cYDeYU+yiqMJASTsLNPYm9s5NwDtO4VDNEZ1R", "encryptedSymmetricKey": "9e2756d57b8ad4da265343ae220f9c7f518c5eb2eb5e690b120092a57f91e22d533d9919b0755f7363c8883c9098110f5bbeefe7af3087250ced12fdcc669dd3d8c629a407070c7f56ccbabb7fc2ab84635e7f6be624d7eef7e92225334686b79daaa267815eb9edcfdd556e42e3adc5c64acf7acbc1cd4d3275cca07f4ce1440000000000000020fac35244148326c2fc61103d8699c4aeb2a58b8d70a3409a19b143a9f7e6d9c133d04bb90a3aef22728815c13a6b17a0"}}, {"type": "short-answer", "hidden": true, "question": "Telegram Handle We Can Use To Contact You(you can answer N/A)", "questionId": 1, "encryptedAnswer": {"ciphertext": "a5vjOMrqOGKltNKfuyLjV4V6wGUC/aozSHkbE4v4EJZaLPUSxHdOaa/q6Gie5vc4", "encryptedSymmetricKey": "20dac8bca757065e9b464a4c2a8c02afec81b648edeeda2a3c5774afff36d3144f9c1ec84c5bcab7488d56fa5edfd40b156e5640981c9393c99648e5cc1958d908d3f23f7848ee98ebbcec845a04a2420e2815007ea3e3ddfd0bdb9ecd88e7a6d2131d9ec1f599c07f8e6f4037642e3cbf5663fca87e82b05751ce99676d7d100000000000000020c736c62705652cf668dd6d50343b80c5baf6de7824623c4f33ace557f3303af2a8c90c38c431e5590b05ab02e1a3daa7"}}, {"type": "link", "answer": "https://github.com/KRONCASHMAN/KRONCASH-FRANC", "hidden": false, "question": "Project GitHub Repo (Not Team Page): ", "questionId": 2}, {"type": "number", "answer": "2", "hidden": false, "question": "Total Team Size", "questionId": 3}, {"type": "paragraph", "answer": "Christian Gardner- 0x9B1049c1Ce67169F210d1D6ea5D2E2D6E644C450\n\nNikola Banovic- 0x1a63382536e3463cb3a0af54e21824c3156bb92d", "hidden": false, "question": "List the Github Handles and Wallet Addresses of Each Team Member (e.g. owocki - 0x123, kbw  - 0x456):", "questionId": 4}, {"type": "paragraph", "answer": "Christian Gardner - @kroncash2002", "hidden": true, "question": "Social profiles (Twitter, Farcaster, Lens, etc.) of other main team members publicly associated with the project (N/A for solo founders): ", "questionId": 5}, {"type": "link", "hidden": false, "question": "Link to your Public Group Chat (e.g. Discord or Telegram)", "questionId": 6}, {"type": "paragraph", "answer": "N/A", "hidden": false, "question": "If you've participated in past grant rounds, please share any new updates or milestones from the prior months (N/A if you haven’t participated previously). ", "questionId": 7}, {"type": "address", "hidden": true, "question": "If you participated in past grant rounds using a different project payout wallet address, please share it here:", "questionId": 8}, {"type": "paragraph", "answer": "https://www.kroncash.com/home", "hidden": false, "question": "Where should we look to see the impact of your project? Please provide links to public websites and/or the latest values for key metrics you track privately. This might be used in future impact reports", "questionId": 9}, {"type": "paragraph", "answer": "$0", "hidden": false, "question": "Total Prior Funding Amounts, Sources, and Dates for the project in USD", "questionId": 10}, {"type": "checkbox", "hidden": false, "question": "Which of the following funding sources do you have? Check all that apply", "questionId": 11}, {"type": "number", "answer": "2", "hidden": false, "question": "How old (in Months) is the project?  ", "questionId": 12}, {"type": "multiple-choice", "answer": "North America", "hidden": false, "question": "Location/Region where the project is based ", "questionId": 13}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Have you read and confirmed your grant abides by the Program General Eligibility Policy? ", "questionId": 14}, {"type": "short-answer", "answer": "Yes", "hidden": true, "question": "Are you applying for any other OSS rounds in GG20? (Reminder: you can only be accepted into one) ", "questionId": 15}, {"type": "paragraph", "answer": "Kroncash is a forex inflation hedge opportunities research company that validates within the Arbitrum ecosystem.\nOur team research encompasses a diverse span of utilizing obsolete exchange rates and economic health indicators of individual countries to represent them as tokenized individual economies.\nOur current and first adoption of tokenized derivatives includes the use of the Kronlet, a tokenized indicator of the health of resurrected obsolete currency using oracle,  which is a stablecoin that is designed to grow in response to corrosion of centralized currency such as the Euro.\nKroncash has a unique opportunity to integrate new data opportunities to generate profits from the selling of tokenized external financial oracles from centuries of data. We are poised to set a new course in the integration of foreign exchange data derivatives on layer 2 DeFi spaces.\n\n", "hidden": false, "question": "Please describe your dApp or App, focusing on its innovative utility or service within the ecosystem. Highlight the problem it solves or the need it addresses.", "questionId": 16}, {"type": "paragraph", "answer": "Kroncash enhances user experience in the Web3 space through several specific design choices and features aimed at increasing accessibility and practical utility:\n\n1. **User-Friendly Interface Design**:\n   - **Simplified Navigation**: Kroncash features an intuitive interface that simplifies the complexities typically associated with blockchain and cryptocurrency transactions. This is especially beneficial for new users who may be unfamiliar with the intricacies of DeFi.\n   - **Responsive Design**: The platform is fully responsive, ensuring a seamless experience across various devices and screen sizes. This allows users to manage their investments and interact with the platform efficiently, whether they are using a desktop or a mobile device.\n\n2. **Educational Initiatives**:\n   - **Onboarding Process**: New users are introduced to the platform through an interactive onboarding process that educates them on how to securely interact with the platform, understand the market, and make informed investment decisions.\n   - **Continued Learning**: Kroncash offers ongoing educational resources, such as tutorials, articles, and webinars, to keep users informed about new features, market trends, and best practices in cryptocurrency trading and investment.\n\n3. **Accessibility Features**:\n   - **Multilingual Support**: Recognizing the global nature of cryptocurrency, Kroncash supports multiple languages, making the platform accessible to a broader audience worldwide.\n   - **Accessibility Options**: The platform includes features designed to improve accessibility for users with disabilities, such as text-to-speech and high-contrast visual options, ensuring that everyone can navigate and use Kroncash without barriers.\n\n4. **Advanced Trading Tools**:\n   - **Real-Time Data**: Users benefit from real-time data feeds that provide current market analysis, helping them make timely and informed decisions.\n   - **Custom Alerts**: Kroncash allows users to set custom alerts for price changes, trade executions, or news events related to their holdings, which helps them stay proactive and responsive to market movements without constant monitoring.\n\n5. **Security and Privacy**:\n   - **Enhanced Security Protocols**: Kroncash employs robust security measures, including two-factor authentication (2FA), end-to-end encryption, and regular security audits, to protect user data and funds.\n   - **Privacy Protection**: Privacy is a key concern in Web3, and Kroncash ensures user data is protected with advanced encryption and privacy policies that comply with global standards.\n\n6. **Community Engagement and Support**:\n   - **Active Community Interaction**: Kroncash fosters a strong community through forums, direct support channels, and social media engagement, allowing users to connect, share experiences, and get support directly from the community and the Kroncash team.\n   - **24/7 Customer Support**: Dedicated customer support is available around the clock to assist with any queries or issues, ensuring that users receive help whenever needed.\n\nThese features collectively aim to enhance the overall user experience in the Web3 space, making Kroncash not just a platform for trading but a comprehensive ecosystem that supports learning, accessibility, and community engagement.", "hidden": false, "question": "Describe how your application improves user experience in the Web3 space. Include any specific design choices or features that enhance accessibility and practical utility.", "questionId": 17}, {"type": "paragraph", "answer": "Kroncash is committed to advancing financial inclusion, education, and social impact through its innovative financial products and community-oriented initiatives. Here’s how our project makes a meaningful contribution in these areas:\n\n1. **Financial Inclusion**:\n   - **Target Audience**: Kroncash specifically targets underserved and unbanked populations who may lack access to traditional banking services. This includes individuals in developing regions where financial infrastructure is limited or non-existent.\n   - **Low-Barrier Access**: By leveraging blockchain technology, Kroncash provides a low-barrier entry to financial services. Users can participate with minimal initial capital and without the need for a traditional bank account, thus democratizing access to financial resources.\n   - **Micro-Lending Programs**: Kroncash introduces micro-lending facilities, which are particularly beneficial for small businesses and entrepreneurs in developing countries. These programs offer small, manageable loans that can be pivotal for starting or expanding businesses, fostering economic growth at the community level.\n\n2. **Education**:\n   - **Educational Resources**: Kroncash invests in comprehensive educational initiatives designed to enhance understanding and literacy in blockchain and financial management. This includes tutorials, online courses, and interactive webinars that cover topics from basic cryptocurrency knowledge to advanced investment strategies.\n   - **Community Workshops**: In regions with limited access to digital platforms, Kroncash supports community-led educational workshops that provide hands-on training and information sessions. These workshops aim to build local knowledge and skills related to digital finance, encouraging self-sufficiency and informed financial decision-making.\n   - **Partnerships with Educational Institutions**: Collaborating with schools and universities, Kroncash helps integrate blockchain technology and financial literacy into curriculums, preparing the younger generation for a future where digital finance is prevalent.\n\n3. **Social Impact**:\n   - **Economic Empowerment**: By providing access to financial tools and resources, Kroncash empowers individuals and communities to participate actively in the economy. This empowerment leads to job creation, income stability, and economic resilience, particularly in regions impacted by economic instability or high unemployment rates.\n   - **Support for Charitable Causes**: Kroncash allocates a portion of its profits to support charitable causes and social enterprises. This includes funding for healthcare, education, and poverty alleviation programs.\n   - **Sustainable Practices**: Recognizing the environmental impact of blockchain technologies, Kroncash is committed to sustainable practices. This includes the use of energy-efficient consensus mechanisms and support for projects that aim to reduce the environmental footprint of digital transactions.\n\n**Target Communities**:\nKroncash primarily serves:\n- Individuals in developing regions who are often excluded from the formal financial system.\n- Small to medium-sized entrepreneurs requiring low-threshold financing options.\n- Young people and students who can benefit from enhanced financial literacy.\n- Non-profit organizations and social enterprises looking for sustainable funding options.\n\nThrough these focused initiatives, Kroncash not only enhances financial accessibility and literacy but also contributes to the broader goal of sustainable social impact by supporting economic growth and empowerment across underserved communities.", "hidden": false, "question": "In what ways does your project contribute to financial inclusion, education, or social impact? Explain the specific areas of impact and the target audience or communities you serve.", "questionId": 18}, {"type": "paragraph", "answer": "Kroncash embraces the open-source philosophy to promote transparency, collaboration, and innovation within the cryptocurrency and DeFi communities. Here’s a breakdown of our approach to open-source software (OSS) licensing and code availability:\n\n1. **OSS License Type**:\n   - **GNU General Public License (GPL)**: Kroncash primarily uses the GPL for most of its software to ensure that all derivatives of our code remain open and free for public use under the same license. This licensing type promotes a collaborative environment where improvements and modifications by the community benefit all users by remaining accessible and freely distributable.\n   - **MIT License**: For smaller libraries and utilities that are part of the Kroncash ecosystem, we may use the MIT license. This is more permissive, allowing other developers more freedom in how they use and integrate this software into their own projects, whether open-source or proprietary.\n\n2. **Code Availability**:\n   - **Public Repositories**: The core components of Kroncash, particularly those dealing with the blockchain interactions, smart contracts, and the primary application logic, are available in public repositories. This includes our smart contracts for token creation, the decentralized exchange mechanisms, and our liquidity pool algorithms.\n   - **Private Repositories**: Certain elements of our codebase, primarily those involving proprietary algorithms or those that handle sensitive security measures, are kept private. This is necessary to safeguard the system against vulnerabilities and to protect the intellectual property that gives Kroncash a competitive edge in the market.\n   - **Hybrid Approach**: For parts of our infrastructure that integrate both open-source and proprietary technologies—like our risk management tools and predictive algorithms—we adopt a hybrid approach. Basic versions are open-sourced to benefit the community, while more advanced features or enterprise-level capabilities remain proprietary.\n\nThis strategy of combining GPL and MIT licenses with a selective approach to public and private repositories allows Kroncash to maintain a balance between open collaboration and necessary protection of its innovations. It enables us to foster a robust development community around our open-source projects while securing the critical parts of our technology stack that require confidentiality and security.", "hidden": false, "question": "What type of open source software (OSS) license(s) do you have? Is all of your code available on public repos or is some portion of your codebase private?", "questionId": 19}, {"type": "paragraph", "answer": "February 2024\n\nLaunch Enhanced Security Protocols: Implement the latest cybersecurity measures to ensure platform integrity and user safety.\nExpand Educational Initiatives: Kick off a series of webinars and interactive sessions focused on blockchain education and financial literacy, tailored especially for beginners in the cryptocurrency space.\nMarch 2024\n\nUser Interface (UI) Enhancement Rollout: Introduce a major update to the platform's UI to improve user experience, incorporating feedback obtained from the initial mainnet operations.\nIntegration of Additional Tokenized Assets: Deploy new tokenized assets on the platform, expanding the diversity of investment options available to users.\nApril 2024\n\nBeta Testing of Decentralized Governance Features: Begin closed beta testing of new decentralized governance mechanisms, inviting active community members to participate.\nDevelop Partnership Networks: Establish new partnerships with fintech and blockchain entities to enhance platform capabilities and outreach.\n\n\nIn Q2/2024 The ERC20-KronletFranc (Inflation stablecoin) and ERC20-KroncashFranc are set to be deployed on Ethereum. This integration of economic datasets used to bring back a currency that was used for 6 centuries before the use of the Euro will have drastic impact on the implementation of FOREX spaces within the blockchain. Our proposal is the first of its kind by integrating a source of original decentralization that no one else is currently using on any blockchain. Integrated within L2/ rollups, Kroncash as a Forex company will scale incredibly. Our open-source procedures and complete compliance with our customers is what make us unique in the creation of value in trust within the Ethereum and Arbitrum spaces. The usage of data implementation is crucial for the addition of future marketplaces that encompass public goods and trustable ledgers within the blockchain. When it comes to the integration of data oracles, currently the main derivatives are created within the Chainlink space, which operates under cost-heavy node operation and not varied usage of Forex within the Ethereum ecosystem. That is to say, what is the asset value of assets that I cannot back with data other than the limited data that is the blockchain itself? Kroncash bridges the link between WEB2 APIS and integration of tokenized asset classes that seek more expansive use cases.\n\nKroncash as a foreign exchange arbitrage marketplace provider allows people who are frustrated with current economic conditions to express their faith and invest their money in derivatives of currencies long ago. For example, before the Euro, the German mark and the French franc were among the strongest currencies in the world spanning a global trade network that oversaw the progress of the world up until the turn of the 21st century. Replaced by the euro has lead to the creation of a use case in times when centralized policy doesn't work for a user. Kroncash resurrects these obsolete currencies using new oracles of financial data gathered within its smart contract to present a representation of the value of individual governments and their positioning on the world stage of finance.\n\n\nEven if Kroncash isn’t as widely used as the Euro, it presents a unique use case for people to use these RCATD (Ressurecteded Currency Anti-Inflation Derivatives) as a metric of the economic health of individual economies. This public good proposes a solution to the problems faced by those within weakened centralized economies to come onto the platform and be guaranteed a hedge against inflation and interaction with the perspectives of digitalized platinum. \n\nOur solution within layer 2 side chain protocols allows for the maximized usage of the DEFI space that is so often controlled by governments in legal conflict with big centralized exchanges. Kroncash in an analogy can be summarized as a sloop of the great flagships of blockchain such as Ethereum, that can act swiftly with the trust and validation of the greater fleet to execute effective use cases that solve the problems of value corrosion.\n\nFor more understanding of the Kroncash projects and RCATD derivatives visit our site:\n\nhttps://www.kroncash.com/home\n\n", "hidden": false, "question": "What stage of development is your application currently in, and what are your immediate next steps? Provide a roadmap or development timeline if available.", "questionId": 20}, {"type": "paragraph", "answer": "Operating this project involves costs. These project casts are mainly personnel costs. Our team is set up and determined to start, yet development costshave to be paid for. These costs include\n\n\nFor personnel expenses we have a total of $56,000 which includes ancillary wages. The Kroncash team includes 4 full time equivalents for a project of 4 months. These details include 1.0 FTE Project Lead ($5000/m), 1.0 FTE Economic Data Research Lead ($3000/m) 1.0 FTE Senior Software/Blockchain Engineers ($4,000/m) and 1.0 Research and Marketing Specialist ($2000/m).\n\n\nThis project also requires technical infrastructure costs of $4,800 for the 4 months period. This includes $2,100 for servers and hosting, and $1,900 for technical tooling, and $800 for domains.\n\n\nAdditionally we require office space costs to be covered in order to promote productive and efficient work collaboration. Although we have members working at home, we need 4 office seats at $300 a month. This adds up to be $4,800. Miscellaneous costs will not occur.\n\n\nIn total this adds up  to a total cost of $65,600 for the project\n", "hidden": false, "question": "How would funding from this round support your project's development and goals? Outline specific areas where the funds would be allocated (e.g., development, user research, community building).", "questionId": 21}, {"type": "paragraph", "answer": "Proven Track Record in Innovation:\n\nTechnological Advances: Kroncash has developed pioneering blockchain-based solutions for tokenized derivatives. Our platform's design effectively integrates real-time economic data into token valuations, providing unique financial instruments to the market.\nSecurity Focus: We have a strong commitment to security, demonstrated through our comprehensive audits and the use of cutting-edge security technologies. This has resulted in a robust platform where users can confidently engage in transactions.\nCommunity and Social Impact:\n\nFinancial Education: Kroncash actively contributes to financial literacy through a series of educational programs aimed at demystifying cryptocurrency and promoting responsible investment practices, especially in underserved communities.\nEconomic Empowerment: Through our micro-lending and financial inclusion initiatives, we have enabled small businesses and entrepreneurs in developing regions to access essential financial services, fostering local economic growth and empowerment.\nCollaborations and Partnerships:\n\nStrategic Alliances: Kroncash has established partnerships with various fintech companies and educational institutions to broaden the reach and impact of our financial solutions. These partnerships enhance our platform's capabilities and extend our services to a wider audience.\nCommunity Projects: We are involved in several community-driven projects that leverage blockchain technology for social good, including initiatives aimed at improving transparency in charitable donations and supporting sustainable development goals.\nRecognition and Awards:\n\nIndustry Awards: Kroncash has received accolades within the blockchain industry for our innovative approach to financial products and our contributions to financial inclusion.\nResearch Contributions: Our team has published several white papers and research articles that contribute to the broader understanding of blockchain technology and its potential for social impact.\nFuture Outlook and Commitment:\n\nLong-Term Vision: Kroncash is committed to long-term development and innovation. We have a clear roadmap for introducing advanced financial instruments and expanding our platform's functionality to support more complex financial activities.\nAdherence to Regulations: We ensure compliance with all applicable financial and data protection regulations, positioning us as a reliable and trustworthy platform in the eyes of regulatory bodies and users alike.", "hidden": false, "question": "Anything else you'd like to share about your project, previous work, or other project affiliations? Anything you'd like to add that may help in determining project eligibility?", "questionId": 22}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Would you like to opt-in to future messages from Gitcoin for updates, information, and/or interviews? ", "questionId": 23}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Would you like to opt-in to us sharing your information with select third-parties for investment opportunities? ", "questionId": 24}], "project": {"id": "0x156b38dfcf4314f052d5b28d3b53de33be9f386f9942299452ddf81471eb073f", "title": "Kroncash FOREX Research", "logoImg": "bafkreibctj6t75yus37blhqidgsgmmny7q5mgmbaqnqqqyvvzs6wocm6ny", "metaPtr": {"pointer": "bafkreic4xrrf26yxflr5xwrfdxoanawx46ateb43uunu4u5agxwsgun34q", "protocol": "undefined"}, "website": "https://sites.google.com/view/kroncash-com/home", "bannerImg": "bafkreiac47ih3fyhwl5vpe6l4xhiag4u5bz7qpbze6eulnocxx5lbyjale", "createdAt": 1713029622548, "userGithub": "KRONCASHMAN", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..zAYZ1Kq_KiiB1sexT58It5N0HzquoPPG3YueM3IIuW-ZQOIJ5fh0AVQn8m7e1znXkrmfZtfVVuXOJER5s_M2Dw", "type": "Ed25519Signature2018", "created": "2024-04-13T17:33:37.606Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-13T17:33:37.606Z", "expirationDate": "2024-07-12T17:33:37.606Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x9B1049c1Ce67169F210d1D6ea5D2E2D6E644C450", "hash": "v0.0.0:z28dk59nqSgLoBPbZlBRbIiwG3SyZoGjHEoCins6uYw=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#kroncash2002"}}}, "description": "KRONCASH: ABOUT \nKroncash is a public goods opportunities research company that validates within the Ethereum ecosystem.\nOur team research encompasses a diverse span of utilizing obsolete exchange rates and economic health indicators of individual countries to represent them as tokenized individual economies.\nOur current and first adoption of tokenized derivatives includes the use of the Kronlet, a tokenized indicator of the health of resurrected obsolete currency using oracle, a stablecoin designed to grow in response to corrosion of centralized currency such as the Euro.\nKroncash has a unique opportunity to integrate new data opportunities to generate profits from the selling of tokenized external financial oracles from centuries of data. We are poised to set a new course in the integration of foreign exchange data derivatives on layer 2 DeFi spaces.\n", "lastUpdated": 0, "projectGithub": "KRONCASH-FRANC", "projectTwitter": "kroncash2002"}, "recipient": "0x9B1049c1Ce67169F210d1D6ea5D2E2D6E644C450"}}