Launches: AleSwap - Multi-chain payment platform

Funding Proposals
1

Name of Project / DAO / Company

AleSwap

Application type

Launch

Proposal overview

AleSwap is a decentralized multi-chain platform for merchants to receive any crypto tokens on any chain from customers.

For example, customers can buy a pint of beer by using ETH on Harmony, then AleSwap will convert to USDC and transfer to the merchant BSC wallet. Merchant does not need to have a wallet on all chains to receive payment from customers.

Feature

  • Convert tokens using the best rate algorithm from multi AMM routers.
  • Cross-chain bridge. Use one wallet on the desired chain for merchants to receive payment from customers on different chains.
  • Customer Loyalty Program. Spend and get an NFT stamp for more benefits from merchants.
  • Mobile Wallet for customers and merchants.
  • Vaults. Multi DEX Yield aggregator with auto-compound. Customers are able to use Vault LP to pay.
  • Yield Farming. Provide liquidity on AleSwap and get rewards.

We launched AleSwap on Binance Smart Chain in June 2021 and partnered with brewpub, craft beer bars, restaurants, and cafes in Thailand. One of AleSwap co-founders is brewpub and meadery owner. Currently we have around 12,000 users per month (most users are in Thailand) with $2M TVL in Vaults and Yield Farming. We plan to launch our platform on Harmony One in October 2021 to expand our user to Harmony Platform and use much less gas fee when spending compared to BSC.

By the way the spending value and transaction via our Platform is not much due to COVID lockdown. We hope the transaction will gain a lot after lockdown in Q4/2021.

Proposal ask

$50k for development, marketing and liquidity for bridge on Harmony Chain

Metrics for success

  • 10k+ users on Harmony in Q1/2022
  • 10,000 spending transactions per month in 2022
  • Vault TVL $10M+ on Harmony in Q1/2022

External links

Website : https://aleswap.finance/
Document: Overview - AleSwap
Document (TH) : AleSwap - AleSwap
Telegram Official Community (TH) : https://t.me/aleswap
Telegram Official International Community : https://t.me/aleswap_en
Twitter Official : https://twitter.com/AleswapFinance
Facebook Official Page : https://www.facebook.com/AleSwap/
Medium : https://aleswap.medium.com/
Github : aleswap-finance · GitHub
Email : aleswap.finance@gmail.com

2

@AleSwap thanks for the proposal. It’s a very interesting project.

We can offer a $50k Launch grant but there are very specific milestones that you need to hit before receiving payments:

$10K after launching a feature-complete product on our testnet
$10K after mainnet launch and 1K users
$10K after forming a DAO with its community
$20K for after 10K users

How do you feel about those milestones? Thanks,

3

Thank you for supporting us @giv .

We plan to launch AleSwap Farm, Vault and Spending functions in testnet within this month.

And launch on mainnet 2 weeks after launch on testnet. For 1K users we think we can reach in Dec 2021. After that we will form a DAO.

For 10K users, we plan to host 3-4 events at our brewery and our partners bar to let users know about Harmony and switch from other chains for faster and much cheaper transaction fees.

Could you please help us to promote this project in the Harmony community too.

Thank you very much.

4

Sounds great. Congrats, the grant is yours! We will definitely help you promote the project.

2 Likes
5

Thank you so much @giv. We will post the update when we launch on testnet and will send the KYC document to you soon.

6

Hi @AleSwap,

Keep the community posted on progress and milestone achieved on this thread. We would love to hear from you.

Thank you!