Funding Proposal_Mystiko.Network

Funding Proposals Grants
1

Mystiko.Network

[Mystiko.Network]

Proposal overview

*Introduction:
**Mystiko.Network is the base layer of web3 that provides both connectivity and confidentiality to all blockchain data, transactions and applications. Mystiko.Network offers users a single-click cross chain private transaction experience in an all-in-one wallet that supports multiple blockchains and cross chain bridges. A normal user can simply use Mystiko’s one-click wallet to manage and transfer his/her assets on and in between Ethereum, BSC, Polygon, Avalanche, Polkadot, Near, Solana, etc, without having to deal with complex blockchain technologies. Backed by various leading exchanges and strong cryptography engineers, Mystiko.Network has combined zk-roll up and zksnark for privacy together making coin mix fast and secure.

*Mystiko.Network is about to launch in a month, and will integrate Harmony:
**A private transaction from ETH to BSC via Poly Network using Mystiko Protocol has been completed, as the world’s first transaction of such kind.Polygon, NEAR, CelerNetwork, Poly Network has integrated with Mystiko.Network, with more partners in progress. Mystiko testnet and wallet will be released to the public at the end of February. However, Mystiko is not yet on Harmony.

*Fund & Marketing support needed from Harmony DAO:
**Mystiko.Network would like to apply for a 50k USD fund as well as marketing & community support from Harmony DAO. As an important next step, Mystiko.Network would like to integrate with Harmony and apply for funding to facilitate the integration as well as go-to-market expansion.

*Milestones:
**$10K after once application approved,
**$10K after launching a feature-complete product on Harmony testnet,
**$10K after launching on Harmony mainnet without audit,
**$10K after launching on Harmony mainnet with audit,
**$10K after 1K daily active users

Proposal ask

[50,000 USD]

Metrics for success

  • 2022 Q1:
    • ~5 integrated cross-chain bridges on testnet.
    • ~5 integrated layer 1 networks on testnet.
    • support both ERC20 and mainnet tokens.
    • liquidity mining protocol
    • AMM swap pool for cross-chain asset pool balancing.
    • initial deployment on mainnets with: 1 integrated cross-chain bridge, two mainnets and one asset pool.
    • release of Mystiko Wallet in browser.
  • 2022 Q2:
      • smart contract auditing.
      • ~5 integrated layer 1 networks on mainnet
      • ~10 asset pools in the system
      • trusted setup ceremony
      • release of Mystiko Wallet as browser extension.
  • 2022 Q3:
      • ~10 integrated layer 1 networks on mainnet
      • ~20 integrated layer 1 networks on mainnet
      • protocol upgrade with better performance and more features.
  • 2022 Q4
      • mystiko DAO goes fully decentralized.
      • in-house developed bridge pre-release testnet online.
      • release of Mystiko Wallet on mobile phones.

External links

2

Thank you for submitting a proposal to Harmony’s $300M Ecosystem Fund. Allow me to be your representative on behalf of the Grants committee. We are in the process of reviewing your proposal, however the team is heavily focused on delivering a great event at ETHDenver and the review process will take just a little longer than usual, until after the event.

If you have more details to add, please do so by replying to this thread. We would also love :blue_heart: to have the Harmony community participate to ask questions and provide feedback while the team is in Denver.

Thank you.

1 Like
3

Hello and thanks for the proposal @Mystiko.Network.

“Backed by various leading exchanges” - Can you provide more information on this? What exchanges and how are they backing the project?

“Is the base layer of web3” - Can you explain this in more detail? What do you mean by “base layer of web3” and can you provide practical examples?

Looks like you’re still on testnet across a handful of chains which means your proposal best fits our launch grant. We have existing milestones for launch grants which are standard for grantees:

$10K after launching a feature-complete product on our testnet
$10K after forming a DAO with its community
$10K after mainnet launch with audit
$10K after 1K users
$10K for after 10K users

Do you have concerns with these milestones?

Cheers!

1 Like
4

Hi Dpagan!

Thank you for following up! Mystiko is invested by a couple of exchanges, but the list is confidential. We can hop on a call to share if that is easier.

Meanwhile, about the features of Mystiko’s goal to be “the base layer of web3”:Mystiko Universal SDK – PaaS (Privacy as an SDK) to anyone, anywhere.
Mystiko.Network is building the ultimate universal web3 privacy infrastructure through PaaS (Privacy as an SDK).

  1. For blockchains. Any L1 and L2 blockchains could utilize Mystiko.Network as a privacy layer, making their mainnet transactions confidential both within the same chain or from/to other chains.
  2. For bridges. Any cross-chain bridges could utilize Mystiko.Network to add privacy bridging functions, making cross-chain transactions fully private. The first privacy bridge application built on Mystiko.Network is already live! https://testnet.wallet.mystiko.network/
  3. For wallets. Any wallets could utilize Mystiko.Network to add private asset management and private transactions features. The first privacy wallet application built on Mystiko.Network is already live with MetaMask! https://testnet.wallet.mystiko.network/
  4. For Dapps. Any dapps could utilize Mystiko.Network to provide users on-chain financial privacy features, e.g. private DEX and private on-chain crypto payments dapps that protect receivers/ merchants’ income history.

Also, here is the link to Mystiko’s first product (Mystiko Wallet): https://testnet.wallet.mystiko.network/
It enables:

  1. Smart contract:
  • Single chain coin mix features: supported both ETH, BSC, Polygon, and Avalanche
    1. Cross chain coin mix features: supported in between ETH and BSC/polygon/avalanche
  1. Achievements so far:
  • 52,000+ people joined testnet within 7 business day after launch
  • 11,000+ transaction within 7 business day after launch

About milstones, yes we could follow the guideline that Harmony is practicing.