[2412 BIG Wave 4] Bitmate

Grants & Incentives
1

Title:

[2412 BIG Wave IV] BitMate - Your Bitcoin AI Assistant

Description:

BitMate simplifies Bitcoin and DeFi adoption with an AI-powered assistant, enabling seamless management, RNS transactions, investment strategies, and RIF token integration for governance participation.

Project Name:

BitMate

Submission Date:

December 11, 2024

Founder Name:

  • Chandra Bose: Frontend Developer | 3+ years of experience | LI: chandra-bose-p
  • Pratham Singhal: Fullstack Developer | 3+ years of experience | LI: pratham-singhal-920738210
  • Camilo Leon: Marketing & UX/UI Designer | 9+ years of experience | LI: camilo-leon

Award Amount:

$5,000 worth of $RBTC

Project Stage:

MVP completed, preparing for main-net launch.

Sector:

DeFi, Governance, Wallet Integration

Links to Deck / Video / Images:

Links to Socials:

  • X (Twitter): @bitmate_dapp

Description:

BitMate is an AI-powered Bitcoin assistant designed to simplify Bitcoin and DeFi for users of all experience levels. By integrating RNS transactions, personalized strategies, and automated tools, BitMate empowers users to navigate Rootstock with ease. With RIF integration, BitMate enables users to participate in DAO governance through simple, natural language commands.

Mission:

BitMate’s mission is to democratize access to Bitcoin and DeFi by transforming complex crypto operations into simple, user-friendly interactions. Our goal is to make financial tools accessible to everyone, regardless of their technical expertise, through an AI-powered assistant that speaks the user’s language. By integrating Rootstock’s infrastructure and RIF tokens, BitMate aims to drive widespread adoption of decentralized technologies.

We strive to empower users to seamlessly manage their Bitcoin, explore DeFi opportunities, and participate in governance processes through conversational commands. By breaking down barriers to entry, BitMate not only fosters individual financial freedom but also strengthens the Rootstock ecosystem by increasing engagement, accessibility, and collaboration among community members and protocols.

Ultimately, BitMate envisions a world where anyone, from a beginner to an experienced user, can confidently navigate Bitcoin’s potential while contributing to a more inclusive, decentralized financial future.

Product:

BitMate’s key features include:

  1. Seamless RNS Transactions: Simplify Bitcoin transfers using Rootstock Name Service using natural language “Send to my friend Rick”.
  2. AI-Driven Strategies: Generate tailored investment plans connecting with current DeFi projects on Rootstock.
  3. Wallet Analyzer: Provide insights into wallet history and behavior, and being able to replicate or learn from wallet interactions.
  4. RIF Governance Integration:
  • Users can say: “Vote for projects introducing DePin with a community mission.”
  • BitMate analyzes proposals and votes based on user preferences, making DAO participation accessible and user-friendly.

Synergy with Rootstock:

  • Collaborates with Tropykus, Sovryn, and Money On Chain for DeFi strategies.
  • Drives RIF adoption by simplifying governance participation through conversational AI.

Team:

Our team has collaborated in multiple online and offline hackathons, earning several awards for innovative projects. Together, we’ve built:

  • BitMate: Presented at the Encode Bangkok Hackathon 2024, where it won first prize.
  • GHOat (Presented at ETHglobal LFGHO): A stablecoin payments SDK.
  • MemeArcade (Presented on Base Buildathon): A gamified experience for earning memecoins while improving their tokenomics.

Team Members:

  • Chandra Bose: Frontend Developer
  • Pratham Singhal: Fullstack Developer
  • Camilo Leon: Marketing & UX/UI Designer

Traction:

  • Winner of Encode 2024 Bitcoin Hackathon (1st Place, Rootstock category).
  • MVP ready with core features like RNS transactions and AI-driven strategies.
  • Positive feedback from hackathon judges and beta testers.

Roadmap:

  • Launch the test-net and finalize the wallet analyzer, while introducing a prototype for RIF-based voting.
  • Deploy main-net strategies and expand compatibility with additional blockchain networks.
  • Roll out a targeted marketing campaign to build user anticipation and awareness.
  • Execute main-net strategies and announce partnerships with Tropykus, Sovryn, and Money On Chain.
  • Fully integrate RIF governance functionality, enabling seamless participation in DAO voting.

Conclusion:

BitMate simplifies Bitcoin and DeFi interactions by enabling users to transact, invest, and generate personalized strategies through intuitive, human-like conversations. Its AI-powered approach removes the barriers of technical complexity, making advanced financial tools accessible to everyone. With features like seamless RNS transactions and yield strategy generation, BitMate empowers users to confidently navigate the crypto ecosystem. Additionally, its integration of RIF tokens allows for easy participation in DAO governance, further aligning with Rootstock’s mission to foster decentralized financial applications.

2 Likes
2

Great to see hackathon winners continuing to build through the DAO—congrats on the Encode 2024 win!

The video is fantastic, and it’s exciting to witness BitMate’s potential to deliver seamless UX/UI across Bitcoin L2s with Rootstock at the core.

Looking forward to seeing BitMate drive more adoption and simplify Bitcoin and DeFi interactions for everyone.

3 Likes
3

love the way you have solved the wallet complexity with google login and combined this with the core offering. Also like the way you have created a dedicated section for Rootstock Collective.

2 Likes