Grant Application

Name of Project

Pipe.x

Proposal overview

[Describe in less than 2,000 words on how this will benefit the blockchain ecosystem. Be specific about the goals and outcome of the proposal, with go-to-market and/or user-acquisition strategies if possible.]
Our goal is to eliminate double, triple, quadruple… checking when sending crypto to wallets. We all know someone who has accidentally sent funds to the wrong wallet address even after manually checking the recipient address multiple times. Pipe.x aims to eliminate this issue by enabling two-way wallet verification by both parties (sender and recipient) before any funds are sent. This will prevent funds from getting sent to wrong addresses as well as reduce anxiety and frustration that arises when making crypto transactions. Our strategy is to provide a layer upon already existing crypto wallets. We plan on engaging online communities, making partnerships, and then later using paid advertisements on crypto platforms.

What stage of the product or idea are you (and your team) at? Is it live on Harmony and/or another chain? How many active users do you currently have, or aim to acquire? How much funding do you need? What are your milestones? What help do you need, or what gaps are there in your team?]
We are currently still in the ideation phase and plan on building this upcoming Summer. Our first milestone is to hit 50 daily transaction verifications. We need help hiring skilled developers as well as paying for operating costs and marketing.

Proposal ask

$100,000

Metrics for success

100 daily verified transactions

External links

Github Projects: ivekivek (Ivan) · GitHub

Thank you for submitting a proposal to Harmony’s $300M Ecosystem Fund. We are in the process of reviewing your proposal and will assign a representative on behalf of the Grants Ops team.

We would also love :blue_heart: to have the Harmony community participate to ask questions and provide feedbacks.

Assigned to @Jacksteroo

If you have more details to add, please do so by replying to this thread.

Hello,
Alright, thank you very much. Pipe is undergoing further development and we have actually upped and updated our success metric from 50 daily transactions verified to $100,000 worth of transactions verified daily. In addition, we plan on also engaging businesses that deal in crypto as they would transfer larger funds that would be in greater need of having their transaction wallets verified.

Thank you,
Stephen.