Eco Wallet Infra/Development grant

Summary

The proposal is for an infrastructural grant of 247720 ECO (rate:$0.0201 19th Feb 2023) for the development of the Eco wallet bot.

Mission

There are currently over a thousand holders of the ECO and ECOx tokens and there is hardly any spending on the token because of the gas on the Ethereum network, With the Eco wallet, these users will now have a hot wallet to spend their tokens.

Details

The future of ECO wallet would be to provide an easy onboarding for web2/ regular users and build a multi-platform wallet that allows users to :

Login via Discord, Telegram, Whatsapp, Snapchat Plugin to receive donations on Twitch Native app with NFC capabilities (tap to pay) Off-ramp capacity to fiat. We would like to start off small and build more features into the ECO wallet, We currently see this as the first trench or point in terms of the infrastructural grant. For every grant request, we submit we will bank on our previous success which means we will be providing metrics, usage, and why the next should be funded.

Road to sustainability:

Essentially each grant request in the future will be based on the success of the project and its usage in the community and will lead to its profitability.

Examples of where Eco wallet can extra profit are the following:

Fee charged on withdrawal to onchain P2P fee charged Swap fee on ECO and ECOx Merchant fee( offramp and business suite) Pot (lottery) Things are super fluid now and the roadmap will change to better align with the ecosystem.

Roadmap

Roadmap:

Integrate telegram Rebase function for ECO token (done) ✅ Bill-payment feature Governance Voting participation Token swap between ECO and ECOx Multi-language (Ru)

Team

From the team that built the following

Eco Twitter Accountant Szn.games (Part of the team) Universalapi.net 3 (Part of the team)

Funds Breakdown

At Mainnet we will start with incurring the following bill :

Hosting Wallet service Eth Liquidity (gas) The fee is in the region of $206 monthly, however, these fees are for the minimum starter packs and with usage, it will increase drastically.

Operational and Development will also run in a range of $3,000 minimum because of the amount of development work we will be undertaking for a start.

Funds Destination

Send 247720 ECO tokens to this address: 0xfEa6186BEeFD1819Df77c724940a6f984905DD44