Partnership proposal: Decentralized CDP platform & stablecoin

Funding Proposals Grants
1

Hey Harmony team/Harmony community, nice to meet you!
I am Mike from the Bidao PR team and I would like to make a proposal for a partnership between Harmony and Bidao.

Name of Project

Bidao
images

Proposal overview

We would love to discuss the possibility to use your token to generate our stablecoin BAI.

BiDao is a new blockchain system that creates a trustless stablecoin and a new decentralized financial tool that allows leveraged trading in a trustless setup. Our goal is to make BiDao a one-stop-shop for DeFi applications.
Some say that our token is similiar to MakerDAO, with the difference that we are blockchain-agnostic and have our own blockchain-agnostic stablecoin BAI.
There are 2 tokens in the BiDao ecosystem. BAI is the stable coin generated based on the CDP crypto collaterals in the BiDao system. BID is the governance token to maintain our Bidao system running.
Our testnet works flawlessly and all components are implemented. Our public testnet has been released earlier this year and it has been improved with the feedback of our great community and experienced testers.

We will build the bridge from the Bidao blockchain to the Harmony blockchain and don’t actually require additional funding. We are mainly looking for partnerships before launching our mainnet to extend our network so that Harmony users can lock their tokens in a CDP without selling their precious tokens :grinning: :partying_face:
Feel free to contact us if you have further questions. We would love to partner with you and extend our network with your great project and community!

Metrics for success

-ICO completed in 2020
-Partnerships include: Tron, Chainlink, Polygon, Elrond, Tellor, Ontology, Travala, Dash, Digibyte, Bitcoin Diamond, DAOMaker, Tomochain, IOST, Nem, Qtum, Husd
-We are members of Digital Europe, EEA and EPA.
-Next milestone: Launch of our product on Polygon and mainnet release

External links

Public testnet: http://5.189.179.199/ (BSC test network on Metamask required)
Latest announcement: Polygon development nearly finished 🎊 - Bidao Chain - Medium
Internal testnet screenshots: Bidao Internal Testnet screenshots - Album on Imgur
Other links to our website, Youtube videos, official registered company etc. are here (can’t post more than 4 links as a new member :slight_smile: ): https://docs.google.com/document/d/1OmVEnCLuihb2fo8Jw5M3hFogFii1ozyCjSD0_TQXzvE/edit?usp=sharing

2

Thank you for the proposal @BidaoMike. Unfortunately this does not qualify for a partnership which seeks projects with existing users on Ethereum or Web2 projects looking to onboard 10,000+ users to blockchain. This more falls under our Ports grant structure, but we do require a feature-complete product for us to review before making commitments.

This proposal does not fit an Partnership grant based on the guidelines at Apply for Grants or DAO for the following reasons:

Owners of each partner drive business and corporate development. Harmony commits to cross-chain adoption with industry-leading projects. We recommend $3-5M for each liquidity or marketing campaign over 6-12 months, $5-10M for each acquisition of small teams, and $1-3M for seeding a regional or thematic subsidiary.

We hope this makes sense. We look forward to assist in other capacities, with our network of partners, DAOs and communities. Thank you for choosing Harmony.

1 Like
3

Hello @dpagan-harmony and thank your very much for the answer.
I will be in touch after our launch then once we have a feature-complete project :slight_smile:

Best,
Mike