MtopSwap Snapshot v2

Proposal overview MtopSwap is a Software Development project and DeFi Platform creating a suite of tools and emphasizing user experience via a focus on clean, simple, and user-friendly interfaces. We will destroy browser tabs and streamline the end-user trading experience by having multiple swaps from all major AMMs on a single, minimalistic page. We will also display a price chart for each swap module with 5-minute, 15-minute, 1-hour, 4-hour, and 1-day time frames, so you will never have to leave the page to make that trade.

MtopSwap prioritizes user experience (UX) and user security first in everything we do. In order to fight back against the prevalence of honeypots, rug pulls and scammers, we are integrating blacklist wallet detection into our swaps. We have already compiled a comprehensive list of over 200 wallet addresses that are tied to known scams and we will leverage this to warn users before they swap their $ONE. These concepts are revolutionary because they are preventative. We can help stop the problem before it happens by keeping our community educated and by creating useful, user-friendly tools that filter out the majority of scammers that currently run rampant on the blockchain. We realize that scammers evolve, and we will too.

MtopSwap itself isn’t a DEX (yet), so our business model doesn’t rely on swap fees or token sales. Instead, we have a Software-as-a-Service (SaaS) model in which users pay a monthly subscription fee to use our software. Full access to MtopSwap’s features for 1 month requires users to mint an expirable subscription NFT (Mecha) using $MTOP. The amount will be pegged to ~$50 USD. This recurring subscription model is extremely unique in the blockchain space, and will incentivize repeat visitors and direct utility for $MTOP with the goal of becoming a self-sustaining organization.

Additionally, we will take a sustainable approach to our liquidity pool offerings (Q2 2022), with MTOP/ ONE yielding a stable 15-20% return annually in $MTOP. Rather than high APRs that attract mostly one-time buyers, our value is in $MTOP utility & quality of use.

Proposal ask $75,000

The project has garnered not only the commitment and trust of our organically-grown community, but also OTC funding of $15,000, which is sufficient to finalize development and to continue our upwards growth trend. More importantly, we are applying for this grant because we would like the opportunity to establish a safe, educational, and utility-driven set of tools on the Harmony blockchain. We would also like to use this as an opportunity to further our community outreach capacity by introducing ourselves to the Harmony team via our tools and our vision for how the blockchain can become a more user-friendly and productive space.

Our team is asking for a $75,000 grant in order to build and maintain the MtopSwap suite of products by bolstering our development team to ensure that our product remains relevant as the Harmony blockchain grows. We will use these funds to accelerate the growth of not only our project, but more so the Harmony ecosystem as a whole. How can we achieve this? By providing the proprietary level of value that MtopSwap represents. With Harmony’s focus moving toward developers on-chain who are sticking around and dedicated to building during difficult times, we hope protocols like MtopSwap are noticed for their ability to provide unique and useful tools for Harmony users.