1. Name of organization or individual and project name
NearPay (legal entity Ultiment s.r.o)
2. Purpose of the grant: who benefits and how the project will serve the Foundation’s mission of user-owned data
Purpost of the grant: add Siacoin to NearPay wiget
Any cryptocurrency should be highly convertible - one should be able to buy and sell it anytime.
Community wins by having an easy way to on-ramp. Many of our partner wallets will have an option to buy Siacoin inside them. We are increasing the liquidity coming to the ecosystem.
3. Code contributions must be open source
We are not open-source
4. Timeline with measurable objectives and goals
Adding Siacoin to the NearPay widget will require ~1 month of development and testing.
Goal list Siacoin inside the widget and let users to successfully buy it.
5. Any potential risks that will affect the outcome of the project
No unique risks for this project.
Among the usual:
- running out of budget due to the complexity of integration → will use our own budgets
- running out of time → not a problem for us, we’ll finish the integration anyway
6. Budget and justification
$20,000:
- 1 month of work of a team of back-end and front-end devs, PM, QA and DevOps
- liquidity for the first period of time
7. Reporting requirements: Progress reports to the foundation/committee and to the community.
We’ll report every week on the progress of implementing Siacoin.
After launch we’ll offer the foundation a report of amount of Siacoin bought through the widget.