Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

Sign up for GitHub

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Grant Request KuPay #28

Open
wants to merge 1 commit into
base: main
Choose a base branch
from
Open

Grant Request KuPay #28

Changes from all commits
Commits
Show all changes
1 commit
Select commit
File filter

Filter by extension

Filter by extension
Conversations
Failed to load comments.
Loading
Jump to
Jump to file
Failed to load files.
Loading
Diff view
Diff view
226 changes: 226 additions & 0 deletions KuPay.md
View file
Open in desktop
Original file line number Diff line number Diff line change
@@ -0,0 +1,226 @@
## 🧑‍💻Basic information

- Project Name
KuPay

- Team Name
KuPay team

- Payment Address
0xEf7F6AAE93cdB6705A3D7CAF63d06ff60eFf1bde

## 🎯Project Overview

- Overview
KuPay was founded on the belief that the traditional economy with its assets and financial products
is past its expiration date. Central banks and governments are manipulating the markets and the value
of money. Banks are making lots of money off consumers and merchants by keeping their assets and
making profits on it which should have gone to the rightful owner: the party that is taking the risks
being the entrepreneurs and the consumers. KuPay is here to change all that, allowing its users to get
the maximum value out of their assets. KuPay will be a one stop platform for earning, storing, swapping
and trading connecting the traditional financial system to the KCC.

- Project Details
KuPay will be a platform for financial services bridging KCC to the traditional commercial/fInancial system.
On the platform users will be able to:
* Sign their businesses up for our KCC based Shopify/Woocommerce payment system
adding KuPay Checkout to their website, allowing them to receive any KCC based token as a currency of payment.
* Generate and send payment requests to other KCC users using the KuPay Payment Request app.
* Track prices of all KCC based tokens via the KuPay Volatility Tracker bot on Telegram,
as well as charts and info pages on the KuPay website
* Swapping KCC based tokens and staking the platform home token ($KUPAY) to be eligible
for receiving the NFT shares ($sKUPAY) airdrop.
* Investing and trading the project NFT shares giving the virtual owners rights in the platform.
Being the holder of NFT shares will give rights to receive part of the company profits
in the platform's home token.

## 👥Team

- Team members
* KPAgent: Project Lead, Overall Project Strategy
* Coinfart: Lead Developer
* Tucho: UX Lead, Marketing Strategy

- Contact
* @KPagent on Telegram
* @coinfart on Telegram
* @mrtucho88 on Telegram

- Legal Structure
KuPay starts off as a 'sole proprietorship' in the name of our project lead KPAgent. This is necessary
because we are connecting the traditional financial world with all its tax regulations to the KCC Blockchain.
When we are ready to launch KuPay token we will switch to an LTD. Eventually the shares in the LTD will be
directly connected to the holders of the NFT shares as soon as this is technically possible. Within the LTD
we will switch to a DAO when reaching that milestone with voting rights for the holders of the NFT shares.

- Team Profiles
* KPAgent - 45, based in the Netherlands. Blockchain enthusiast and web3 investor. Teaching
Blockchain and Crypto to other enthusiasts. Airline Pilot. Problem solver. Well connected
to bring together successful people and inspire them to get the best results. Convinced
that blockchain technology is the future and determined to be a part of it.
* Coinfart - 46, Dutch guy, based in Asia, has worked and lived in Europe, United States and
now Asia, helping charities in the process. Has a history of keeping things super efficient
by automating everything. Entrepreneur. “Solves any digital issue you could possibly think
off,” according to KPAgent
* Tucho - 33, Dutch guy. Loves to travel the world. Passionate about branding, marketing, technology
and ecommerce. Gets excited about tools/apps with a clean design and a great user experience.
Entrepreneur. Team player. Strong believer in DeFi.

- Team's experience
Coinfart is a Full Stack developer and Project manager with 20 years experience. He worked on hundreds
of successful projects for Fortune 500 companies, like Canon, Walt Disney, DELL and others.
Tucho has worked as an Art Director and Full Stack Digital Designer on a lot of Saas projects for big
corporations (i.e. KLM, Philips, ABN AMRO) for the last 15 years.
Mialje is a senior backend developer and is well versed in javascript/react/nodejs.

- Team Code Repos
https://github.com/kupayfinance

## 🏆Development Roadmap

Overview

- Milestone 1: Launching KuPay on KCC

- Estimated Duration: 2 weeks

- FTE:
* 376 hours ($50 per hour per person for team/staff and $20 per hour for community team)
100 x 2 Coinfart and Tucho
48 x 1 Kpagent
80 x 1 Mialje (web developer)
24 x 2 Community/marketing team

- Costs:
* Labor/Team Cost $24,100
Team $16,400
Community/marketing team $960
Misc $5,740
Team expenses $1,000 (software, server hosting, tools)

* Total cost Milestone 1: $24,100

- Description:
* KuPay (payment request app) v.1 design and development
* KuPay Checkout v.1 design and development
* KuPay Checkout Shopify integration
* KuPay website v.1 design and development
* Support for top 10 tokens by market cap
* KuPay price-tracking (KCC tokens and charts)

...

- Milestone 2: Connect merchants to KuPay Checkout

- Estimated Duration: 1 month

- FTE:
* 1,112 hours ($50 per hour per person for team/staff and $20 per hour for community team)
200 x 2 Coinfart and Tucho
200 x 1 New Solidity Developer
96 x 1 Kpagent
160 x 1 Mialje (web developer)
64 x 4 Community/marketing team

- Costs:
* Labor/Team Cost $56,660
Team $42,800
Community/marketing team $5,120
Misc $5,740
Team expenses $3,000 (software, server hosting, tools)
* Audit $10,000
* Marketing $60,000

* Total cost Milestone 2: $126,660

- Description:
* Develop the KuPay Payment back-end system to generate custom payment pages for each order
* Start social media marketing activities
* Merchant portal v.1 (signup, profile, insights in transactions, payment reports)
* KuPay Checkout v.2
* Automatic conversion of tokens in merchant’s preferred currency
* Security and Smart contract audit
* Helpdesk portal and Ticket-support
* Integration with WooCommerce
* Influencer marketing, social media advertising, airdrop

...

- Milestone 3: KuPay token and NFT Shares

- Estimated Duration: 1.5 month

- FTE:
* 1,668 hours ($50 per hour per person for team/staff and $20 per hour for community team)
300 x 2 Coinfart and Tucho
300 x 1 New Solidity Developer
144 x 1 Kpagent
240 x 1 Mialje (web developer)
96 x 4 Community/marketing team

- Costs:
* Labor/Team Cost $91,620
Team $64,200
Community/marketing team $7,680
Misc $15,740
Team expenses $4,000 (software, server hosting, tools)
* Marketing $60,000
* Liquidity $200,000

* Total cost Milestone 3: $351,620

- Description:
* Notification system to merchants and shoppers
* NFT shares smart contracts
* NFT shares website
* Other wallet integrations (coin98, tokenpocket, walletconnect)
* Launch of KuPay's token
* Compliance (KYC for Merchants, Contracts)
* Integrations Magento, OpenCart
* Influencer marketing, social media advertising, airdrop
* Liquidity for KuPay's token

...

- Total proposed grant amount requested: $502,380

## 📡Future Plans

Once the KuPay platform is fully operational we will focus on connecting more users to the platform.
We are aiming to make KuPay Checkout a standard preferred payment method for both Shopify and Woocommerce.

For KuPay Payment Requests we will expand to different chains advertising the low transaction fees at
the homebase of KuPay convincing users to make the transition to KCC.

For the NFT Trading platform we will focus on attracting other businesses to follow KuPay in giving out
NFT-shares which will be tradeable on the KuPay platform. We want to connect to regulators
giving the shares an official status. In that process we are also aiming to become a FIAT bridge directly to KCC.

## 🙋Additional Information ➕

KuPay in itself is a bridge between traditional finance/commerce and DeFi. KuPay will focus on customer
satisfaction, being one of the main pillars to run a successful business.

KuPay will exist by the satisfaction of their users. KuPay will be transparent in all its decisions and
actions and will be completely honest in its communication providing information to the community when
it is needed, making the transition to being a DAO as the end goal, a small step.

The KuPay team will enrich their workforce in the process of reaching the mentioned goals and will be
selecting workers on fitting the above mentioned profile.

Another condition that needs to be fulfilled for KuPay to be succesful is widespread adoption of the KCC.
For this reason we have budgeted a significant portion of the funding for marketing.
KuPay will not only focus on bringing existing crypto enthusiasts to KCC, but also
traditional merchants and buyers.

Social media/communication channels will also be very important instruments in reaching our goals
and will be used responsibly.

KuPay will add a very small fee to every transaction. Profits of the platform will be used to buy back
the platform's home token and the NFT shares, adding value to the project.

KuPay is here to stay, to grow and to be a very valuable asset for KCC.

Please check our [website](https://kupay.finance) for more information. Email: info@kupay.finance

Thank you for taking our grant request into consideration.