{"signature": "0xc09b52332e4cd9ba2babe1f2d72dad215554c5054dd59ee600d69534d5ce5446310c7a3d222fa342aa34ad9f22b4a2b44e425cb0f8da0516e8187eb09cf000851c", "application": {"round": "0x6f8291eafc6b4933896f7d2575bd2fc930dea6a2", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "XY1IZc0u3aqO7v/eOyXxi07P8zpgeuGk2gazxW9cDdlNko77mQ8iwUL7GMiGy97X", "encryptedSymmetricKey": "d5f4bcb9f6b0e30cbaedcac3d5d7a2fb7e25e8b08067ce2c1b0732ea62657c7910c702b0f696ef43569f60120567f917c79d778d14fe55c454ab33814c0d3fe71e17c37b5bc28e31225c32a1f64aaa9c34714c37ba3f737cac6a0f59a603e192b79ec998929b8f31d30e7d5b7bc19975c4639155ad46bd5e4567ad599b67562c0000000000000020b3cde869754a0ceb39b88e87d7a0be86e1f4acb8c1c10cd28f000a1c0f6869524d5e6fd8ffdfe8761ba65cf25364f4a9"}}, {"type": "short-answer", "answer": "Grants", "hidden": false, "question": "Funding Sources", "questionId": 1}, {"type": "number", "answer": "4", "hidden": false, "question": "Team Size", "questionId": 2}, {"type": "paragraph", "answer": "1. Karla Obakpolor - https://www.linkedin.com/in/karla-obakpolor-932b1b44/\nI am the founder of Crypto Smart, a B2B asset management company.\nI founded Crypto Smart in Feb 2021 with a small team, and since then we have consisitently made progress.\n\nWe have established:\n\n1. A Tech-Not-For profit - B<>rder/ess.\n2. A Trading Academy\n3. A good ecosystem partner relationship with Algorand Blockchain\n4. And the completion/invention of the Bitsave Protocol.\n\nand a lot of other things, all without raising any funding.\n\n1. Primidac - https://github.com/primidac\nPrince Michael Dalafi aka Primidac is the Chief Technology Officer of Crypto Smart since early 2022.\n2. Great Adams - https://github.com/greatAdams01\nGreat Adams is a developer proficient in Javascript and one of the tutors in the B<>rder/ess dev program, he joined the Crypto Smart Tech Team in 2021.\n3. Xpan Victor - https://github.com/xpanvictor\nVictor is the lead Developer for Bitsave Protocol, he contributed to the foundational maths and logic developement for the Bitsave protocol in 2022.\n\nGitHub (https://github.com/primidac)", "hidden": false, "question": "Intro and socials of other team members or core contributors associated with the organisation?", "questionId": 3}, {"type": "paragraph", "answer": "- Bitsave Contract Development on Celo - \n**August - September**\n\n- Documenting Bitsave Project workflow on Celo\n\n- Bootstraping Bitsave contract with Solidity\n\n- Creating each functionality and Unit test\n\n- Integration test locally\n\n- Deploying to Alfajores and performing end to end test\n\n- Deploying on Celo Mainnet\n\n- Complete Frontend Integrations - October - November\n\n- Contract Audits, Launch & Marketing - November \n\n- Utility collaborations and Partnerships (10k Users) - January - March 2025\n\n- Security, Bounty Incentives & Updates - April - May\n\n- Expansion and Cross Chain integrations (50k Users) - June - July 2025\n\nProtocol Upgrade - Last Quarter 2024", "hidden": false, "question": "If applicable, describe how your project/community has been utilising or supporting the Celo ecosystem, or explain a roadmap for your plans to utilise, build with, or align with Celo.", "questionId": 4}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Have you (or other key members of your team) joined the Regen Coordi-Nation Community Telegram group? --> https://t.me/+dfOMYhMROdU5YzY0", "questionId": 5}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Have you followed @RegenCoordinate on X (Twitter)? --> https://x.com/RegenCoordinate", "questionId": 6}], "project": {"id": "0x0d4cee5aba84526fa9bfab5c08a9ded987f2c948a46da395230c6c811b44eee6", "title": "Bitsave Protocol", "logoImg": "bafkreibum6gxbqfw2myxl2zo34wbhuzmtirb4tjzg3jqr6jnnl3sjbq6nu", "metaPtr": {"pointer": "bafkreicczjksoegfg6lhcq6hcnk3avib4hvweyl25kcnbxn2j4tzseilru", "protocol": "undefined"}, "website": "https://bitsave.cryptosmartnow.io/", "bannerImg": "bafkreia6whvd2ielb3yz7vpvckmezvzn3fx6vpuj3ct4mfc2723cdzgoxm", "createdAt": 1713454673809, "userGithub": "BitsaveNigeria", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..AE_kkujo2HDDljqUcCDwlPbiyepzw9FNrvOztfUfa3zfFBPTGIJqdnhj0geqy4adbdp5IH0DfKtOJzT-CsitAg", "type": "Ed25519Signature2018", "created": "2024-04-18T15:17:13.867Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-18T15:17:13.867Z", "expirationDate": "2024-07-17T15:17:13.867Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x72578e136E72A18A832be6762230a820f514d180", "hash": "v0.0.0:dkjUOIkl6HXfTnc9Ov8UlOtz++SNUpINuNaR84LOLBs=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#CryptoSmartNow#107388068"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..x_Si8QZrlThfGetg1kEqQI2kCkWX_ItOSZO23B7ziEM9pX5CdnilhbdnB95s5GvDoCk4yU9LU3Pwl08EB3Y5Dw", "type": "Ed25519Signature2018", "created": "2024-04-18T15:07:00.389Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-18T15:07:00.389Z", "expirationDate": "2024-07-17T15:07:00.389Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x72578e136E72A18A832be6762230a820f514d180", "hash": "v0.0.0:+g1I9noEbzCg57oGkzPWnjQ5xyvrrfO0M6LiQp2Dkcs=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#cryptosmartnow"}}}, "description": "WHAT IS BITSAVE?\n\nBitsave is a Multichain savings protocol that helps users save and earn in Cryptocurrency without losing their savings to Market volatility.\n\nBITSAVE SOLUTION (simplified)\n\n- Bitsave helps web2 users in African Countries escape inflation in their fiat currencies by saving in dollars.\n- The dollar is not easily accessible to the average African.\n- Bitsave helps users create an automatic recurring savings plan\n\nWe've seen newbies lose their savings like school fees, house rent, college funds etc to Crypto, we understand that people hear about crypto and want to rush in immediately.\n\nWith Bitsave, newbies and oldies can protect their funds from market volatility, while still earning interest in crypto, a protocol that works based on maths and economic formulas to set rates and pay interests.\n\n***How does Bitsave work?***\n\n1. Users typically save in a Stable coins, DAI, USDT or USDC\n\n[![AF7v-Gr-N-Imgur.jpg](https://i.postimg.cc/KvGCG2Lx/AF7v-Gr-N-Imgur.jpg)](https://postimg.cc/V5hKg2DV)\n\n2. Users can create a savings plan and make unlimited deposits to their savings plan, e.g., \"Rent, School fees, Vacation\" etc, and they earn rewards in the protocol tokens $BTS, typically the native token of the Bitsave Protocol.\n\n[![fy-PBgl-B-Imgur.jpg](https://i.postimg.cc/FszjGxtb/fy-PBgl-B-Imgur.jpg)](https://postimg.cc/mtxzgCgh)\n\n3. Users can create a savings plan in 3 simple steps, and set different parameters for their savings plan;\n\n- Name your savings plan\n- Set the duration for your savings, using the calendar\n- Set a penalty fee if you forfeit your savings\n\n[![image.jpg](https://i.postimg.cc/zGnSRGZ4/image.jpg)](https://postimg.cc/3kxDs7wZ)\n\n[![n-ROUm-OO-Imgur.jpg](https://i.postimg.cc/TP2GW0Hm/n-ROUm-OO-Imgur.jpg)](https://postimg.cc/VJh2xqwL)\n\n[![image-1.jpg](https://i.postimg.cc/cCR5hyvJ/image-1.jpg)](https://postimg.cc/zHfjDQSm)\n\n[![4-J1l-BRY-Imgur.jpg](https://i.postimg.cc/MHV88QN9/4-J1l-BRY-Imgur.jpg)](https://postimg.cc/4Hf06mJc)\n\n***A Side Note 🗒️***\n\nBitsave isn't just another product, it's a new value chain. The web3 space is used to DeFi which are investment protocols, and now we're introducing them to SaveFi which are savings protocols that prioritize the stability of user savings over earning from crypto volatility.\n\nWHAT HAPPENS IN THE BITSAVE PROTOCOL\n\n1. Users Create a Savings plan and deposit in a Stable Coin.\n\n- Users aren't depositing into a pool like DeFi protocols that a hacker could access.\n\n- When a user is creating a savings plan, they're giving parameters for a child contract to be created under the Bitsave Protocol Parent contract which holds their funds and is only accessible by their wallet.\n\nThis makes it such that every user's savings deposit is tied to their wallet so that in case of an exploit, the hacker wouldn't have access to user funds, except they have access to user's private keys.\n\n1. Users' Interests\n- Interests are calculated using several variables and constants in the algorithm;\n-Simple interest formula\n-Bitsave Rate formula.\n-Bitsave has a buy-back mechanism that buys\n\n2. Users' Savings Plans and Fees\nUsers are charged a 1-time savings fee on savings plan creation (child contract), every fee is split in a 50:50 ratio, where 1 part goes to a buy-back wallet to buy back the protocol native tokens from any AMM or Dex in the native chain's ecosystem.\n\n\nROADMAP TIMELINE\n***ROADMAP (Inception till date)***\n\nBitsave's detailed Development Timelines\n\n**2022**\n\n- Maths and Formula Creation - Feb 2022 - Apr 2022\n- Flow chart and Pseudo code creation - May 2022 - June 2022\n\nhttps://twitter.com/_karlagod/status/1608503627647447040?t=oU2ZSXt1NUVy43vXX16kZA&s=19\n\n- Smart Contract Development - July 2022 - January 2023\n\n**2023**\n\n- Launch on Algorand Testnet and UI developments - Feb 2023 - March 2023\n\nhttps://twitter.com/cryptosmartnow/status/1625067326457405446?t=q5dCrpRCULUH6LPp_fR_1g&s=19\n\n- Won the Mega-Ace Hackathon Most Impactful Solutions - May 2023\n\nhttps://twitter.com/cryptosmartnow/status/1654615351722663936?t=hEacrPvxKSHco2GSkrt52w&s=19\n\n- Launch on Zetachain Testnet April 2023-May 2023\n- Finished Frontend UI on Zetachain - August 2023\n\nhttps://twitter.com/cryptosmartnow/status/1692145944882511930?t=PN9xNVY3hE3cxyuNmkDv3A&s=19\n\n- Won DeFi Category Omnichain Hackathon - September 2023\n\nhttps://youtu.be/QRa23EH5oD0?si=EmVYXcbySsNMB7P7\n\n- Fixed Contract Opt-In Bug on Algorand - November 2023\n\nhttps://twitter.com/_karlagod/status/1723079150058009047?t=52kOmXrFtyl7OvTcJhAyug&s=19\n\n- Started front-end integrations and wallet functions on Algorand Dec 2023\n\nhttps://twitter.com/_karlagod/status/1736915560573608056?t=U34FiDmdr5CLoDR_ZqAfLQ&s=19\n\n**2024**\n\n- Bitsave Contract Development on Arbitrum Testnet - Done\n**February - March**\n\nWaiting for Stylus v.3 since v.2 has been deprecated and waiting for explorer to function.\n\n- Bitsave Contract Development on Lisk Testnet - Done\n**May - July**\n\nPLANNED PROGRESS\n1. **Onboard New Users from Web2 to Web3:** Bitsave's key users are generally web2 users who need simpler ways to use web3 solutions, Bitsave's user-friendly interfaces and educational resources smoothen this onboarding process.\n\n2. **Increasing On-Chain Activity:** Bitsave delivers new users to the web3 ecosystem, which means new transactions, boosting on-chain activities within the  Ecosystem.\n\n3. **Enhancing $Token Utility:** Bitsave Introduces functionalities, incentives, and use cases that makes it possible for users to utilize Stable Coins and L1 or L2 tokens within the ecosystem.\n\n***Bitsave's anticipated End result***\n\nBitsave's anticipated end result is 50k new users by Q1 2025\n\nCONCLUSION\nBitsave isn't just another product, it's a new value chain, The web 3 space is used to DeFi, and now we're introducing them to SaveFi.", "lastUpdated": 0, "projectGithub": "CryptoSmartNow", "projectTwitter": "cryptosmartnow"}, "recipient": "0x72578e136E72A18A832be6762230a820f514d180"}}