{"signature": "0x1c04fac9257dd76ba8be40744a04c68a8f6ff001ba3454db686ca0a302d4fa1003460698f34bf193cc46b143ede1e2a3905cfad0e8c77a9b78d6384037b4d5831b", "application": {"round": "0xda3b55a9bcf58bb2d9f673836beab3ae47ca9184", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "th/Q00ie/MfKtda+BdUz6eHLzg6N6ce0PyBJl7Qr5W0lFbDC1hDRMFm4OlhWnTMC", "encryptedSymmetricKey": "e7c395af65d9832cea6869506566924c56a705478f5537c46453a8e28062508f2a04936d30ac8f730ffaa888533ad00d329cdbc761ac297e6867c807f84f2a24a2b3b0caac8a297f9bebe4913c1bcf6ea7e292cb632d0b894ea3ddffe920768c489144ced01e5c9ff9cd57d665f2cc9286c304632db45eeed89282876959e8ac000000000000002066c0d3f0c4796ca381774432d07d1ec4a2a69e18e2a28265e77b8b4328ad753465ed211cc47f4495d61c5fdbc30cd680"}}, {"type": "short-answer", "hidden": true, "question": "Telegram Handle We Can Use To Contact You(you can answer N/A)", "questionId": 1, "encryptedAnswer": {"ciphertext": "hTX5QkGtg+jvoISoSUW3BAit/FRCHWXD/J4idUQsFrzh4flMhb1RB79gmdqqzoef", "encryptedSymmetricKey": "edaabb509d85898f05ed76f0dbbac857514341b2a881e575658a80c68ad6c861a116d81509f0c55d2c9d3fa746d7db00f32f253d9de2ac84b397e7c97a03bcc7389d87830ce269779aaa7a747530e3429da38706684bef2aa8f98be119a1dea1be96c734b8d61c24c08c3aa51aad88d442b59ac53c7075e4cb8862dccfd303a90000000000000020d1b36bc5d91c2ea7e0dfbd272d2c368b7cd57b9ee71a984f1beaf97c1a8ae88ee38267457f589acc5388992b57c524a2"}}, {"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": "KRONCASHMAN   - 0x9B1049c1Ce67169F210d1D6ea5D2E2D6E644C450\n\nTechsolutionAAA- 0x1a63382536e3463cb3a0af54e21824c3156bb92d\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": "@kroncash2001\n", "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": "", "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://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": "N/A", "hidden": false, "question": "Total Prior Funding 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": "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": "Kroncash significantly contributes to the Ethereum network's infrastructure by introducing innovative solutions that address several foundational needs and current challenges:\n\n1. **Economic Resilience and Diversification**: Kroncash introduces tokenized derivatives based on historical economic data, which provides a unique form of asset that diversifies the types of financial instruments available on Ethereum. This not only broadens the Ethereum ecosystem's appeal but also adds economic resilience by providing assets that are less correlated with the typical cryptocurrencies and digital assets.\n\n2. **Enhancing DeFi Accessibility and Participation**: By creating derivatives that reflect the economic histories of various regions, Kroncash makes decentralized finance (DeFi) more accessible and relevant to a wider audience. This inclusion supports broader participation in Ethereum's financial ecosystem, especially from those in regions with volatile currencies or those interested in investment forms that reflect historical economic performance.\n\n3. **Leveraging and Improving Layer-2 Solutions**: Kroncash's utilization of Arbitrum, a Layer-2 scaling solution for Ethereum, helps address Ethereum's scalability issues. By operating on Arbitrum, Kroncash contributes to offloading the transaction load from the main Ethereum chain, resulting in faster transactions and lower gas fees for users. This not only enhances the user experience but also drives further adoption of layer-2 solutions, which are crucial for Ethereum's scalability strategy.\n\n4. **Innovation in Financial Products**: The concept of using tokenized derivatives pegged to historical economic data is a novel approach within the Ethereum ecosystem. Kroncash's financial instruments offer inflation-resistant properties, providing a hedge against economic instability. This innovation introduces new hedging mechanisms within DeFi, expanding the utility and sophistication of financial strategies available to Ethereum users.\n\n5. **Governance and Regulatory Compliance**: Kroncash is committed to implementing a decentralized governance framework that aligns with the ethos of Ethereum. This framework allows community participation in decision-making, enhancing the democratic and decentralized nature of the platform. Additionally, by striving to adhere to regulatory standards, Kroncash aims to bring greater legitimacy and stability to the DeFi sector, potentially attracting more institutional and traditional investors to Ethereum.\n\n6. **Promoting Ethereum's Economic Layer**: By facilitating transactions and interactions that are economically significant and tied to real-world economic metrics, Kroncash enriches Ethereum's role as an economic layer of the internet. This not only solidifies Ethereum’s position as a leading platform for financial innovation but also showcases the network's capacity to host a variety of economic activities beyond simple token exchanges.\n\nIn summary, Kroncash contributes to the Ethereum network by expanding its financial architecture, enhancing its scalability through layer-2 solutions, and introducing innovative, economically tied financial products that increase participation and promote regulatory compliance.", "hidden": false, "question": "How does your project significantly contribute to the Ethereum network’s infrastructure, addressing foundational needs and innovative solutions to current challenges?", "questionId": 16}, {"type": "paragraph", "answer": "Kroncash aims to elevate the Ethereum ecosystem by focusing on enhancing privacy, interoperability, and user experience, making significant contributions in each area:\n\n1. **Enhancing Privacy**:\n   - **Privacy-Preserving Financial Transactions**: Kroncash is exploring the integration of privacy-enhancing technologies such as zero-knowledge proofs (ZK-proofs) to ensure that transactions involving its tokenized derivatives are secure and private. This approach allows users to engage in financial transactions without exposing sensitive economic data or personal information, thereby enhancing trust and security within the Ethereum ecosystem.\n   - **Selective Disclosure**: The use of selective disclosure mechanisms in our platform enables users to control what transaction data they reveal for compliance or verification purposes. This not only strengthens privacy but also empowers users, fostering a more secure DeFi environment.\n\n2. **Interoperability**:\n   - **Cross-Chain Functionality**: Kroncash is committed to ensuring that its financial products are interoperable with multiple blockchain networks. This is achieved through the development of cross-chain bridges and protocols that facilitate seamless asset transfers and interactions between Ethereum and other prominent blockchains. This interoperability expands the usability of Kroncash's derivatives, integrates diverse blockchain communities, and enhances liquidity across the board.\n   - **Standardized APIs for Integration**: By providing standardized APIs, Kroncash allows various DeFi platforms and financial services to easily integrate and interact with its offerings. This not only improves the cohesive functioning of the crypto ecosystem but also ensures that Kroncash’s innovative financial products are accessible across different platforms and applications.\n\n3. **User Experience**:\n   - **Streamlined User Interfaces**: Recognizing the complexity of interacting with decentralized financial products, Kroncash focuses on developing user-friendly interfaces that simplify the process of buying, trading, and managing tokenized derivatives. This is crucial for attracting non-technical users to the Ethereum network and for enhancing the overall user experience.\n   - **Education and Resources**: Kroncash invests in educational programs and resources to help users understand and navigate the often complex world of DeFi. By improving user knowledge and confidence, we aim to enhance participation and engagement within the Ethereum ecosystem.\n   - **Scalability and Reduced Costs**: Operating on Arbitrum, a Layer-2 solution, Kroncash benefits from faster transaction times and lower fees. This not only improves the user experience by making transactions quicker and more cost-effective but also alleviates congestion on the main Ethereum network, thereby enhancing the performance of the network as a whole.\n\nBy focusing on these key areas, Kroncash not only strengthens its position within the Ethereum ecosystem but also contributes to the broader goals of making blockchain and DeFi more accessible, secure, and efficient for a global audience.", "hidden": false, "question": "How does your project promise to elevate the Ethereum ecosystem, particularly in enhancing privacy, interoperability, and/or user experience?", "questionId": 17}, {"type": "paragraph", "answer": "IN 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\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": 18}, {"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": 19}, {"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": 20}], "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"}}