[2412 BIG Wave 4] OneClickBTCInvestments

DAO Grants: Wave 4 Application

Project Name: OneClickBTCInvestments

Applicant Name: Kamal Singh

Contact Information:

Project Overview:

Problem Statement:
Retail investors face significant challenges when investing in Bitcoin assets, including:

  • High gas fees and complex transaction processes on Bitcoin’s native chain.
  • Limited access to diversified Bitcoin asset portfolios.
  • Complex bridging mechanisms between Bitcoin and Layer 2 solutions.
  • Lack of risk-adjusted investment options tailored to different investor profiles.
  • High barriers to entry for newcomers interested in Bitcoin asset investments.

Solution:
OneClickBTCInvestments democratizes Bitcoin asset investments by offering:

  • Smart basket technology( ERC-7621) for diversified portfolio management.
  • Seamless cross-chain integration utilizing Layer 2 solutions like Rootstock and BOB.
  • Implementation of the ERC-7621 standard to create risk-adjusted, diversified portfolios of Bitcoin assets.

Project Objectives:

  • Enhance the utility of Rootstock by providing user-friendly investment solutions.
  • Drive ecosystem growth through increased adoption and engagement.
  • Showcase Rootstock’s potential in financial applications by offering unique use cases.

Alignment with Wave IV Objectives:

  • Building Natively on Rootstock: Our project utilizes Rootstock as the primary blockchain infrastructure, leveraging its smart contract capabilities to facilitate seamless and cost-effective transactions.
  • Integration of RIF and stRIF Tokens: We plan to incorporate RIF and stRIF tokens into our investment products, enhancing their utility and providing additional value propositions to our users.

Project Milestones and Funding Requirements:

  1. Milestone 1: Testnet Launch

    • Duration: 1 Month
    • Tasks:
      • Develop and deploy smart contracts on the Rootstock testnet.
      • Integrate user interface with testnet functionalities.
      • Conduct internal testing and quality assurance.
    • Deliverable: Functional MVP on the Rootstock testnet, including features such as risk-categorized investments and seamless cross-chain integration.
    • Funding Required: $2,000
  2. Milestone 2: Mainnet Launch

    • Duration: 1 Month
    • Tasks:
      • Deploy audited smart contracts on the Rootstock mainnet.
      • Implement user interface enhancements based on testnet feedback.
      • Initiate marketing and user acquisition strategies.
    • Deliverable: Live platform on Rootstock mainnet with active user engagement and initial investment products available.
    • Funding Required: $2,000
  3. Milestone 3: User Acquisition and Growth

    • Duration: 1 Month
    • Tasks:
      • Execute targeted marketing campaigns to attract users.
      • Provide user education and support for platform navigation.
      • Gather user feedback for continuous improvement.
    • Deliverable: Achieve 1,000 active users and process 5,000 transactions within the first month post-launch.
    • Funding Required: $1,000

Total Funding Requested: $5,000

Team Background:

  • Kamal Singh: Blockchain Developer with over 5 years of experience and a track record of winning 35+ web3 global hackathons.

Conclusion:
OneClickBTCInvestments aims to lower the barriers to Bitcoin asset investments, making it accessible and straightforward for retail investors. By leveraging Rootstock’s robust infrastructure, we provide diversified, risk-adjusted investment options that cater to various investor profiles, driving adoption and engagement within the Rootstock ecosystem.

Supporting Documents:

We appreciate the consideration of our application and look forward to the opportunity to contribute to the Rootstock ecosystem.

1 Like

Great pitch - the video really brings your idea to life.

Just a quick reminder:

  • Would love some more detail on how you’ll ensure a smooth cross-chain user experience.
  • Could you detail and outline the benefits of this grant for the Rootstock Ecosystem directly? Much of the product development is on BoB.
  • Don’t forget to complete KYC and submit on-chain to advance your proposal.

Excited to see “OneClickBTCInvestments” develop!