{"signature": "0xb0116f0eea0aea5118e93ee4796f9ccb4a442318691a7b9eb20fce21f12417bd0c1edaf5c0fe10642bacc4c431f269524d355d37bd4553711223c7c48248084b1b", "application": {"round": "0xe03a19f4921d69cddd37f54dfe814dc66aa92100", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "beAdbsUZIJxZmAx/LHl1jeyh8pLCv8PF8EfUuDaaCtvuMAUdkux2dSZH8MQXfdTl", "encryptedSymmetricKey": "5e17347f89eab2b2fecbac17bd4f66a12f18023eafc1d977e2f50306499850a51a28609605d11cc5c912e5c9c4e9ff127c19c1d789b87ca67ed785912c75e57a79720651e7d66e11e9d6f86a18ea38c6fdf2e9514fbc2754c6998193808f3d92d80897eb48cd37c07f547df3da01a2d38f3a210982c82ab142a167b4e91967790000000000000020855ed9e50a74e987e7bbff5c09d1766be6bd3d8dda305bc865f9dc62afffd50e9d21d419f50e29a145d3a38db05b76b3"}}, {"type": "short-answer", "hidden": true, "question": "Telegram Handle We Can Use To Contact You(you can answer N/A)", "questionId": 1, "encryptedAnswer": {"ciphertext": "B+qMVdZYMUEUdh9MW7f3StJkLVFTHppBz/3lV1ytEBA=", "encryptedSymmetricKey": "fe6252fbf503ecae20d1f93cd23af467077a00b63336670218369f0e16009f25535b8c7c4b26a8d6950ecbb58a851e062e080af99fd47fcb8ed11d5ab0aafcc3240cc72dc54bdca732b4ebbc84004e08de90e900950b74962fb3331dc99ba89776a18353da9f823dd3e558fb50589a683d4c91e98dbb9363d69aa42513902d4d00000000000000205abe54938bb2f8f77b8d68eb22438fe4c9a00614b66b7c62ffefc7daac1ad6f88cf5f32f25ca9e308e2e9f9360f0e289"}}, {"type": "link", "answer": "https://github.com/utokens", "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": "boyfem - 0xF5b244c4D0BF6E293aAA74d93E14539db0d64C44\n\nolagunjuea1 - 0xA4D259b5822AA4A380fFB5DE201e3271CfA15106\n\nrayking12 - 0x337a8b1f5aBd2A656255d7195c71C391248c893F\n\nbreellz - 0x10a3628E95CD63fB0a9E06e05AF4b18ae3C283A0\n\njomoflash - 0x064Dedac088b58Be1a0905fCB57C1B2f106A9CBA\n", "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": "N/A", "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://t.me/+tB9jJj9yl1ZkYzk8", "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": "Live stats will be included on our website here: https://utoken.network/\n", "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": "Personal - $5000\n\nGLO DOLLAR QF round- approx. $480\n", "hidden": false, "question": "Total Prior Funding Amounts, Sources, and Dates for the project in USD", "questionId": 10}, {"type": "checkbox", "answer": ["Grants"], "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": "Africa", "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": "# About Utoken\n\nThe Utoken app is an off-ramping alternative and bill payment network that allows users in the Ethereum ecosystem to pay bills such as data subscriptions, insurance, utilities, etc. using stablecoins. The aim is to bring more utilities to Web3 by merging traditional financial services with Web3 payment solutions. Our application serves both token holders and projects/protocols within the ecosystem.\n\n# Problem Addressed\n\nThe app aims to address two related problems, which are highlighted below.\n\n1. Offramping challenge: web3 users are often faced with an urgent or continuous need to offramp their assets to settle bills or access services that are not available on DeFi protocols. This often leaves users with high off-ramping fees, unnecessary KYC, and stressful processes, just to name a few. Most times, users are just trying to settle some bills off-chain but are forced to go through this rough path.\n\n2. Utility for projects and RWA adoption: Most blockchain projects struggle with utility for their tokens, with limitations that discourage massive adoption.\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": "Through a simple interface users in web3 can access services not available in existing DeFi protocols without having to offramp their entire assets.\n\nOur approach is simple:\n\n1. A Mobile-first approach through a simple user interface that will be accessible over mobile, web app or possibly telegram mini app\n2. We created a familiar web2 interface and flow users are used to for bill payment\n3. We leverage existing wallets within the ecosystem like Metamask and Trust Wallet for funding payment.\n4. Ensure no need for KYC, maintain user privacy, eliminate off-ramping stress by abstracting the process while ensuring conformance with the relevant regulation\n\n", "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": "Through our simple user interface accessible over mobile, web app or possibly telegram mini app, we ensure:\n\n1. More utilities for existing users:\nBy integrating stablecoins within the Ethereum ecosystem, crypto natives can now access more utilities that are currently unavailable with current DeFi protocols. This includes paying for cable TV subscriptions and data subscriptions without the need to off-ramp.\n\n2. Onboarding of new users:\nAs it currently stands, DeFi protocols currently capture a small percentage of what is possible as far as finance is concerned. By integrating CeFi and web3 payment, we can lock current Web3 users through stablecoins and ensure more value is locked within a protocol token through the extension of its utility beyond the protocol itself\n\n3. Onboarding of web2 companies or service providers:\nOur goal, aside from integrating web2 service provider APIs, is to encourage existing web2 companies to adopt stablecoins as a payment option. With that, we can onboard these companies (telecom and telemedicine companies for example) while potentially onboarding thousands or even millions of users who use their services. A practical example is one of our API providers that supports USDT and USDC as options for funding.\n\n4. More adoption of stablecoins and RWAs of tokens:\nThrough a simple mobile user interface, we can foster the adoption of stablecoins and utility tokens for services we use daily or daily either provided by a web2 company or a web3 protocol it shouldn't matter.\n\n", "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": "Our Frontend will be available under “Commons Clause” License Condition v1.0\n\nBackend is close-sourced\n", "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": "We have an internal distribution of the mobile app available for Android here: https://expo.dev/accounts/kingray/projects/uToken/builds/e2e406b1-c625-49cb-9181-e4ccef8acb75\n\nOur Roadmap\n\n- UI/UX improvement\n- Integration and support for more tokens in the ecosystem\n- Support for more countries and services\n- Partnership with existing DeFi protocols around saving and insurance\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": "The funds raised at the current round will be channelled towards:\n\n- UI/UX improvement\n\n- More support and integration of stablecoins and utility tokens in the entire Ethereum ecosystem:\nThe funds raised will be used to further the development of the backend and frontend sides of things for token transaction verification and wallet integration, among many others.\n\n- Integration and support for more web2 and web3 service providers:\nThis will involve API integration, API server hosting, etc. It will be used for integration with existing consumer-facing RWA protocols in the Ethereum ecosystem, like Opencover.\n\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": "The Utoken app was inspired by the need to create more utility for a project called Wasset (wasset.io) a platform that rewards users for recycling. The aim is for users to be able to use the token beyond onchain services like microcredits, and lottery DApp but to web2 services.\n", "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": "0x621791570484aa4975ba68bc5a5f905e8dd8d4c5dcb214d28906bdd8be11d6be", "title": "Utoken ", "logoImg": "bafkreiexo4upgu7xf7px2ogrbc2fdhss6kw6gm7utpiy7v4a5n7mtxin44", "metaPtr": {"pointer": "bafkreidsznv4vpl2hwcjkewkkhxep2ettpozxq3mnh6wihjhrbpl47xaei", "protocol": "undefined"}, "website": "https://utoken.network/", "bannerImg": "bafkreigkffo6zcrxykbdr4vknlljvchayf5xxlgdidua6uvqydtt7bdcbi", "createdAt": 1712961972959, "userGithub": "boyfem", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..yXXx4fWdmdkSsGXHXbw0V7WeBS8E1VvKd0Aa_wlQMveaCMNJ0UkIE6lrHTYCVYOXziHM3zIxSELDmUem-9FDDg", "type": "Ed25519Signature2018", "created": "2024-04-12T22:44:28.796Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-12T22:44:28.796Z", "expirationDate": "2024-07-11T22:44:28.796Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xF5b244c4D0BF6E293aAA74d93E14539db0d64C44", "hash": "v0.0.0:S1DJBV4omV9vrPmXNC8kb3/WpcZrNxoMohgxCt93uTA=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#utoken_network"}}}, "description": "# Introduction\nThe adoption of cryptocurrencies like USDC for payment for services and goods has shown us how stablecoins could potentially transform payments and cross-border remittances. While the underlying technology is very promising, the adoption rate is still very low, limited to trading and DeFi applications. With Utoken, we are merging traditional finance with blockchain technology to drive more adoption.\n\n# About Utoken\nThe utoken app brings more utilities to tokens, especially stablecoins in the Ethereum ecosystem, by allowing users to make bill payments (data subscriptions) using their token. This is made possible through a network of web2 and web3 service providers.\n\nThe services available include:\n\n1. Data Subscription\n2. Airtime top-up\n3. Cable TV subscription\n4. Gift card purchase\n5. Savings\n6. Utility payment\n\nMore services are to be included in the future.\n\n# Value for users/token holders in the ecosystem\n\n1. No KYC\n2. No off-ramping stress\n3. Zero off-ramping fee\n4. More utility for users holding various assets\n5. Almost instant bill payment\n\n# Value for the ecosystem and projects\n\n1. More utility for protocol tokens\n2. More TVL into the protocol or onchain\n3. More onboarding and adoption through real-world value addition\n\n# HOW IT WORKS\n\nThe Utoken App provides a simple interface for users to pay for airtime, data subscriptions, cable TV, etc. using stablecoins like USDC. On launching the app, users can link any supported wallets in the Ecosystem using WalletConnect. After connecting a wallet, a user can access any available services, follow the prompt, and sign a transaction request sent from the app to the wallet. \nThe illustration below shows the user flow for using the application.\n\n![user flow](https://gitgrantimages.s3.amazonaws.com/utoken+uniswap-arb+app+flow.jpg)", "lastUpdated": 0, "projectGithub": "utokens", "projectTwitter": "utoken_network"}, "recipient": "0x058436aEed7c915Fe6d30100C955aB1ead2634E3"}}