{"signature": "0x1a2b87db8a8bc70a15e24a1a7e9c7f6957c86f718a2e1b4804be7b7c7e9c0c9422438fe8a3909a47141cfd3495a90bf16865dcb5f21b530b4476a4cecdb0cf771b", "application": {"round": "0x0d1bab6d06e5059f4abc6034809aa2fb74aa13a6", "answers": [{"type": "email", "answer": "arul@buk.technology", "hidden": true, "question": "Email Address", "questionId": 0}, {"type": "paragraph", "answer": "15% of all reservations across IRL industries end up being Cancelled.   Hotels, Airlines, Events lose customers and ancillary revenues, sized at 150bn USD annually. Travelers/ Bookers lose money in non-refundable bookings and lost cancellation refunds. We tokenize bookings & tickets - Make them re-sellable, transferable. \n\nUnable to travel? No problem – Resell your tokenized booking. \n\nBukProtocol assetizes bookings – Make them tradable to speculate and trade upon, creating a new asset class. BukProtocol is the open source infrastructure enabling secondary markets for tokenized IRL assets ( tickets, bookings and more). We don’t just tokenize. We enable distribution – across web2 and web3 platforms. \n\nConsumer focused RWA tokenization will bring massive abstracted web3 capabilities to web2 platforms, while generating new revenue via secondary market royalties. Initial focus industries: Hotels & Event ticketing. Partnered with Expedia, Priceline and many more to source more than 1 million properties to be tokenized. Transaction fee revenue model reduces cost of onboarding enterprises, and creates a network effect as a moat.\n\nBacked by Polygon Ventures and hustle FundVC, with second time founders from Polytrade, KPMG, Accenture, TATA group. Revenue generating - LIVE product with partnerships like Expedia, Priceline, Explara and more.\n\nBukProtocol is proposing that we will build a customized travel portal for the METIS chain to provide a B2C platform in partnership, where the users can buy tokenized hotel room bookings and resell them as well. ", "hidden": false, "question": "Provide a brief description of your project", "questionId": 1}, {"type": "checkbox", "answer": ["Real World Assets (RWA)"], "hidden": true, "question": "Which of the following Metis ecosystem themes does your project focus on? (Select all that apply)", "questionId": 2}, {"type": "paragraph", "answer": "1. Incentive-Based Campaigns: Launching the Chainwarz campaign, where 3% of BUK tokens will be distributed to users and community members for performing specific tasks, such as social transactions encouraging active participation and viral growth.\n\n2.\tReferral Programs and Rewards: Implementing referral programs that reward users for inviting others to the platform, fostering a network effect that accelerates growth.\n\n3.\tPartnership-Driven Outreach: Collaborating with existing partners like Expedia, Priceline, and others to drive awareness and credibility, promoting the travel portal \n\n4.\tUser-Centric Content Creation: Creating educational content, tutorials, and guides that help users understand the benefits of tokenized travel bookings, driving organic interest and adoption.\n\n5.\tSocial Media Integration: Leveraging platforms like Twitter, Discord, and Telegram for direct communication, content sharing, and community building. Regular updates, AMAs, and exclusive content will keep the community informed and engaged.", "hidden": true, "question": "Describe your project's approach to community engagement and self-marketing", "questionId": 3}, {"type": "paragraph", "answer": "We intend to have a dedicated portal for METIS chain where users will be able to transact on the portal. We will also enable $METIS as a payment option, increasing the utility of the underlying token for usage by the community. \n\nWith 3% of our tokens being distributed to Chainwarz participants, METIS community also stands an opportunity to win the preferential XP points when they are issued.", "hidden": true, "question": "How do you plan to drive user adoption and a supportive environment within the Metis ecosystem?", "questionId": 4}, {"type": "paragraph", "answer": "All dates from grant approval\nT+6 weeks - Deployment on testnet +Front end portal deployment\nT+8 weeks - Deployment of smart contracts on Mainnet\nT+10 weeks - Deployment of front end for Mainnet and full fledged travel portal\nT+11 weeks - Marketing campaign kickoff for increased usage of  the travel portal", "hidden": true, "question": "Provide a clear roadmap of your project, including key milestones and deliverables.  You may provide a link to an accompanying document or sheet if needed.", "questionId": 5}, {"type": "paragraph", "answer": "Our team brings a diverse blend of expertise with 50+ years of collective experience in blockchain development, travel technology, and business strategy, crucial for the successful execution of this project:\n\n\n1.\tTravel Industry Experience:\nNikhil Kulkarni, co-founder, brings over a decade of experience in travel technology as a former KPMG consultant and founder of TripDarwin, a travel-tech startup. His deep understanding of the travel ecosystem helps bridge the gap between traditional travel systems and blockchain-based innovations, ensuring seamless integration with partners like Expedia and Priceline.\n\n2.\tEnterprise Technology and Blockchain Expertise:\nArul Prakash, co-founder, has extensive experience in integrating enterprise technology with blockchain. His background with TATA Group, Accenture Consulting, and Polytrade Finance equips the team with the knowledge required to build scalable, secure, and user-friendly platforms.\n\n3.\tStrategic Marketing and Community Building:\nOur marketing team, with a solid foundation in digital marketing and community engagement, is adept at driving user adoption through targeted campaigns, partnerships, and content strategies. This experience ensures effective outreach and sustained growth.\n\n4.\tBlockchain Development and Web3 Integration:\nOur team has a strong background in blockchain development, including smart contract creation, decentralized applications (dApps), and Web3 integration. We have successfully built and deployed solutions on multiple blockchain networks like Polygon and Ethereum, ensuring technical robustness and security in handling tokenized assets.", "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": "All dates from grant approval\n20k USD _ T+6 weeks - Deployment on testnet +Front end portal deployment\n10k USD _ T+8 weeks - Deployment of smart contracts on Mainnet\n20k USD _ T+10 weeks - Deployment of front end for Mainnet and full fledged travel portal\n20k USD_ T+11 weeks - Marketing campaign kickoff for increased usage of  the travel portal\n\nFor the marketing campaign, it is critical that we receive marketing support fom the METIS team, including AMAs, Retweets, Quotes, PR announcements and KOL pushes for our launch related information. Plus, METIS team should evaluate to utilize the booking platform built for them for all future travel of the team. ", "hidden": true, "question": "Provide a breakdown of how you plan to utilize the funds in increments (e.g., first $2k, next $2k, etc.) to maximize your project's impact within the Metis ecosystem. Also, explain how you would adjust your plans if you still need to meet your full funding target and raise meaningful funds.", "questionId": 7}, {"type": "paragraph", "answer": "We are new to METIS ecosystem. \nWhile project is deployed on multiple chains in parallel, our goal continues to be accessing liquidity and ecosystem users frmo as many chains as possible. \n\nWhile we add real world utility to METIS chain, we are looking to tap into the users in the chain as well.", "hidden": true, "question": "Is this a new or ongoing project? If ongoing, briefly describe your past contributions to the Metis ecosystem, including any CVP approval, supplemental support received, and specific results achieved.", "questionId": 8}, {"type": "paragraph", "answer": "Backed by Polygon Ventures and hustle FundVC, with second time founders from Polytrade, KPMG, Accenture, TATA group. Revenue generating - LIVE product with partnerships like Expedia, Priceline, Explara and more.\n\nAs part of a pilot run in Feb for EthDenver we made a revue of 150k USD. We intend to continue the trend. ", "hidden": true, "question": "Is there anything else you'd like to share about your project, previous work, or other affiliations that may help determine project eligibility?", "questionId": 9}, {"type": "dropdown", "answer": " Yes, I have read the entire Code of Conduct and additional points and agree to follow these standards.", "hidden": true, "question": "Do you confirm that you have read the entire Code of Conduct (https://support.gitcoin.co/gitcoin-knowledge-base/about-gitcoin/code-of-conduct) including the additional emphasis on collaboration and prohibition of quid pro quo, and agree to abide by these standards?", "questionId": 10}, {"type": "dropdown", "answer": " Yes, I commit to upholding these principles.", "hidden": true, "question": "Do you commit to upholding these collaboration principles and prohibiting quid pro quo (https://support.gitcoin.co/gitcoin-knowledge-base/gitcoin-grants/general-questions/what-is-our-quid-pro-quo-policy) practices?", "questionId": 11}], "project": {"id": "0x30d26171cb7629bd1efae1d7036e71c1ea592046ecdaccfd429d7c8d146ebcdd", "title": "BukProtocol", "logoImg": "bafkreigyagpcvhn56lkvyqeuwhthzx7ryacst26l2nabexytblhufh7xge", "metaPtr": {"pointer": "bafkreid4qly3gqe3mwlb5d4u2ikoddud2erwc27h52dycboytmqsti6sha", "protocol": "undefined"}, "website": "https://bukprotocol.io", "bannerImg": "bafkreidcmxp6fwelyahc6oab7y4eidwo3qzkblh5ehhh36642kvdcv3piq", "createdAt": 1725611180417, "credentials": {}, "description": "BukProtocol is a B2B2C infrastructure to tokenise and enable resell ability for IRL Assets. These IRL/dynamic assets include event tickets, Airline tickets, hotel room bookings and more. Buk's cross chain cross marketplace solution allows any web3 marketplace or web2 marketplace to sell, resell these assets and create a secondary market around it.", "lastUpdated": 0, "projectTwitter": "bukprotocol"}, "recipient": "0xFFea61C3E085459e90AF2198b8d86647aFf05cBA"}}