{"signature": "0xb233ca1ab79df9eca1a86b667d49b4a3e5b72fc857997b045e470d7954f2e3e730900106ea7b3e313a28a8fd9ce22d22b4932636053fb3d042f2cc8528c761621b", "application": {"round": "0xe03a19f4921d69cddd37f54dfe814dc66aa92100", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "HhnJPDzGBwZeDp2y6wr7GIsksRcUJxBARrgkAZ+MZmelSslZmLqO8CqT0GKH3Oae", "encryptedSymmetricKey": "64d9ff1a2194e0251f17785b62af5caa8a4602eb6828714c96a1e1e920da3c087a801622f52a25ad8f12d05d4a38cf02f7754e9d5c33b4dd450a2ce90bfa38e77145a38a5d430b9a32fdd556acda66e2d1c0fe1752af67f2d7e3018ea52515953cd392848a0eb935924a9ece6bd0beff222b2c50f43dd59c645a3accff3657e8000000000000002070fa266ecdf72f6a37c6bec0d8ab1048567d72bfee5077e04d7f0ebe806bcc891f4dc9ad22d8c01dd64cadc6c5cec88d"}}, {"type": "short-answer", "hidden": true, "question": "Telegram Handle We Can Use To Contact You(you can answer N/A)", "questionId": 1, "encryptedAnswer": {"ciphertext": "WHnbixc1PSDNuI1vhi0l5a/81onPeyQvsM2wZCd0XUw=", "encryptedSymmetricKey": "f2d7b9dcbbc991b8907f9d9463d61552d26c1ac05ac9f4ede551858d29ee09c73013d973f8c40fd28e2225064719340469e1cfbecd605a3a3c4fae16d2fe24d6aa31cfb16cf17f9cf278357263ff2712166e0843efdd35b576f4afc939ff5db520766667b7f4503c9196f5f7ea3e0744d1ee73f5669f6068fdf81b3605e05fc300000000000000202b71c9f31ac07a5bac7673db997c2978183730feb4bdd7e06b2b8bd7ff786e4508f1eedf3e08c23653380f5b4a185590"}}, {"type": "link", "answer": "https://github.com/FeeFreeFi/feefree-contracts", "hidden": false, "question": "Project GitHub Repo (Not Team Page): ", "questionId": 2}, {"type": "number", "answer": "5", "hidden": false, "question": "Total Team Size", "questionId": 3}, {"type": "paragraph", "answer": "GaussETH - 0xE69d24DD645d3d6A9985665Dc0D5f8D57597e915\nAlbertNyu - 0xf4505517BFa1ca92DB579d04642e965921B8789b", "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": "1. @GaussETH, Co-Founder & DEV, full-time, github(https://github.com/RiemannTeam and https://github.com/GaussETH). Programming polyglot and blockchain development expert with 5 years'experience. Specializes in decentralized apps development, smart contract implementation, web3 frontend integration among others.\n2. @ElviraBTC, Co-Founder & Community Leader, full-time. Responsible for collecting user demands, maintaining user relationship, Elon Musk's loyal fan.\n3. @AdelinoDaSilva_ Co-Founder, full-time, responsible for overall project management, international market development and development strategy.\n4. @AleejoCallee, The product manager  who is responsible for product design of the DAPP\n5. @AirdropCatCom, Community Leader in China, Full time, Early Cryptocurrency Investor.", "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", "answer": "https://discord.gg/5WSNamMknK", "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", "answer": "", "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://app.feefree.fi/", "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": "NONE", "hidden": false, "question": "Total Prior Funding Amounts, Sources, and Dates for the project in USD", "questionId": 10}, {"type": "checkbox", "answer": ["VC"], "hidden": false, "question": "Which of the following funding sources do you have? Check all that apply", "questionId": 11}, {"type": "number", "answer": "6", "hidden": false, "question": "How old (in Months) is the project?  ", "questionId": 12}, {"type": "multiple-choice", "answer": "Asia", "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": "No", "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": "FeeFree aims to build a RobinHood-Style DEX in blockchain industry, enable every individual in the world to participate in DeFi!\nIn the Ethereum ecosystem, Uniswap is the leading DEX, but it charges fees ranging from 0.05% to 1% on LPs.FeeFree adopts a unique zero-fee swapping model. The revenue strategy is to charge a slight flat gas-fee per transaction (< 0.1usd/txn) regardless the transaction volume instead of charging transaction volume-based fees like most DEXs.", "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": "Our goal is to provide zero-fee transactions to each user of the world.\nWe believe that there is currently a lack of zero-fee DEX in the market and we aim to have more than 10,000 active users. We primarily focus on zero-fee transactions for DEX. How do we achieve zero-fee transactions? We set the fee rate of liquidity pool to zero.\nWhile, what incentives do LPs have to provide liquidity? We plan to use the funding we receive to add initial liquidity and may set a certain lock-up period. We will also use all the transaction gas-fee received from FeeFree to reward the liquidity providers.\nAdditionally, we intend to use a portion of the funding to reward the initial liquidity providers, attracting more participants to provide liquidity during the initial phase.", "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": "Our Dream(Vision):\nTo build a RobinHood-style DEX in the blockchain industry, enabling everyone in the world to participate in DeFi!\n\nTo achieve our research objectives, we will：\na) Collaborate with influential Key Opinion Leaders (KOLs) to attract users by highlighting the zero-fee advantage of the FeeFree platform.\nb) Develop a robust points system and referral program, encouraging organic user growth through viral marketing.\nc) Attend key ETH related conferences to increase FeeFree's exposure.\nd) Cooperate with platforms such as [intract.io](http://intract.io/), layer3.xyz, etc., to launch the task points incentive program.\nE) Launch our Dapps on well-established Layer 2 chains like zksync, base, linea, actively participate in various events hosted by prominent public chains, leveraging the appeal of zero fees and low-cost interactions to entice users' active involvement.\n\nAfter the Dencun upgrading, gas fees on Ethereum's Layer 2 solution have been significantly reduced. FeeFree will attract more users from other public chains to trade within the Ethereum ecosystem with its zero-fee transaction approach. This will lower transaction costs within the Ethereum ecosystem further. FeeFree thus can enhance Ethereum a competitive advantage in the competition with other chains like SOL.", "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": "GPL-2.0-or-later, AGPL-3.0-only, MIT. All of our code available on https://github.com/FeeFreeFi.", "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": "FeeFree application development is 90% completed. Basic functions have been implemented. The  following is to improve the procedures and marketing.\n\nStep 1: April 2024 - Project Launch\nProduct: Launch of 1:1 swap functionality for initial product experience\nMarketing: Launch of Genesis NFT, implementation of points system, initiation of social media marketing, user invitation for testing, participation in various grants, and search for project investments.\n\nStep 2: May to July 2024 - Zero-fee AMM Functionality Launch\nProduct: Launch of 0-Fee AMM swap functionality, deployment on various ETH Layer 2 chains\nMarketing: Full-scale marketing initiation, collaboration with Key Opinion Leaders (KOLs) and task platforms, participation in various ETH conferences, launch of referral marketing system, strengthened collaboration with media for increased exposure, and search for project investors.\n\nStep 3: August to December 2024 - Zero-fee Aggregated Trading Launch\nProduct: Launch of aggregated trading functionality, deployment on various ETH Layer 2 chains, and implementation of different gas fees based on each pool.\nMarketing: Comprehensive implementation of various online marketing strategies, Twitter AMA promotion, continued expansion of collaborations with KOLs and task platforms, active participation in various ETH conferences, launch of referral marketing system, strengthened collaboration with media for increased exposure.", "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": "Funding from this round to support\n1. Initial DEX Liquidity (ETH-USDC pool;ETH-USDT pool;ETH-stETH pool;Others pool.)\n2. Comprehensive Launch of Online Marketing:\na) Collaboration with KOLs;\nb) Participate in various ETH conferences;\nc) Launch of Early Bird Program, such as organizing a subsidy activity for all users in the public chain to offset gas costs;\nd) Strengthen collaboration with media to increase exposure.", "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", "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": "0xa2c5a2f641dbe3553f7c8cea2b1b2a84ffdcf429f64336636aa58ceb8afe22cf", "title": "FeeFree", "logoImg": "bafkreiaubebu4cdxxbycdf5nbuzolbnoq3lzxfy4pdhpqdinb4voaox6ve", "metaPtr": {"pointer": "bafkreida365saxccenakulmdf27ma6t2b57cymbw5xeuwj6e6gseasue4i", "protocol": "undefined"}, "website": "https://app.feefree.fi", "createdAt": 1712740773013, "userGithub": "GaussETH", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..ticHZeL6hb6w0OMF6y93hPHDBwrInDq3_JWNgdBgmWLBQPS7Q0iXiraivELB2K4WYNRN--uPMys4HdLYVR7gAA", "type": "Ed25519Signature2018", "created": "2024-04-13T01:50:42.776Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-13T01:50:42.776Z", "expirationDate": "2024-07-12T01:50:42.776Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xE69d24DD645d3d6A9985665Dc0D5f8D57597e915", "hash": "v0.0.0:y0AJ9ceiWbgeFVQR7CEDSa96EVtNfR3ZCw+Vr1b1xtY=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#FeeFreeFi#98699779"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..iULC0mQ_Me_ddQX5HFmZXC2etFnfpMTr4FN6SMXPI9N2tQ2-761zfGQNmzlqxdpH1Z5dT5MqF40YYLDzDLzmBg", "type": "Ed25519Signature2018", "created": "2024-04-10T09:19:16.461Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-10T09:19:16.461Z", "expirationDate": "2024-07-09T09:19:16.461Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xE69d24DD645d3d6A9985665Dc0D5f8D57597e915", "hash": "v0.0.0:W6cDihN8UHwmbV73TqRyiRfQ+VAbuda7kG5XD/bK1VE=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#FeeFreeFi"}}}, "description": "Our project aims to become the decentralized Robinhood of the blockchain industry. \n\nIn the Ethereum ecosystem, Uniswap is the leading decentralized exchange, but it charges fees ranging from 0.05% to 1% on LPs, which are ultimately borne by regular users. \n\nFeeFree model and revenue strategy are unique(Zero-fee swapping). Instead of charging transaction-based fees like most DEXs, we will charge a flat gas-fee per transaction(< 0.1u/tx), regardless of the transaction volume.\n\nWe already have angel investments, which are mainly used for product development. We are applying for a grant to primarily focus on initial liquidity, market expansion, and marketing efforts to make more users aware of a zero-fee DEX.\n\nWe believe that there is currently a lack of a zero-fee DEX in the market and we aim to have more than 10,000 active users. We consider achieving this goal as a success, similar to how the CanCun upgrade reduced gas fees for all L2 transactions. Our goal is to provide zero-fee transactions to every user.\n\nAfter the CanCun upgrade, gas fees on Ethereum's Layer 2 solution have significantly reduced. FeeFree, with its zero-fee transactions, has the potential to attract users from other public chains to trade within the Ethereum ecosystem. This will lower transaction costs within the Ethereum ecosystem. FeeFree can give Ethereum a competitive advantage in the competition with other chains like SOL.\n\nWhat are you going to research? What is the expected output?\n\nWe primarily focus on zero-fee transactions for DEX. How do we achieve zero-fee transactions? We set the fee standards for liquidity providers (LP) to be 0.\n\nWhile, what incentives do LPs have to provide liquidity? We plan to use the funding we receive to add initial liquidity and may set a certain lock-up period. We will also use all the transaction gas fees received from FeeFree to reward the liquidity providers. Additionally, we intend to use a portion of the funding to reward the initial liquidity providers, attracting more participants to provide liquidity during the initial phase.", "lastUpdated": 0, "projectGithub": "FeeFreeFi", "projectTwitter": "FeeFreeFi"}, "recipient": "0x5DaA94EB8066785952c12999d5640cE07954bCc0"}}