Profile of TGG in Optimism
Posts by TGG
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Okse Wallet & Card (Visa & Mastercard) - Growth Experiments - Cycle 11
by TGG - No Role
Posted on: March 27, 2023, 5:06 p.m.
Content: Screenshot 2023 - 03 - 27 at 9 . 03 . 01 PM 1916 × 1001 163 KB We’re excited to announce that the OP chain is now available on the Okse Card! You can now easily interact with the Smart contract and pay your monthly fee using the OP chain, as well as select it as a payment method for your transactions. We expect to publish it in the dApp at the end of the week. dApp app.okse.io 1 Contract interactions: Optimistic Ethereum L 2 Explorer Contract Address 0 x 067 c 6 deae 75 f 167210 aa 456 fc 912 a 7 d 54 d 1450 a 8 | Optimism 1 The Contract Address 0 x 067 c 6 deae 75 f 167210 aa 456 fc 912 a 7 d 54 d 1450 a 8 page allows users to view the source code, transactions, balances, and analytics for the contract address. Users can also interact and make transactions to the contract directly on...
Likes: 1
Replies: 0
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Okse Wallet & Card (Visa & Mastercard) - Growth Experiments - Cycle 11
by TGG - No Role
Posted on: March 27, 2023, 1:06 p.m.
Content:
Screenshot 2023 - 03 - 27 at 9 . 03 . 01 PM 1916 × 1001 163 KB
We’re excited to announce that the OP chain is now available on the Okse Card! You can now easily interact with the Smart contract and pay your monthly fee using the OP chain, as well as select it as a payment method for your transactions.
We expect to publish it in the dApp at the end of the week. dApp app.okse.io
Contract interactions:
Optimistic Ethereum L 2 Explorer
Contract Address 0 x 067 c 6 deae 75 f 167210 aa 456 fc 912 a 7 d 54 d 1450 a 8 | Optimism
The Contract Address 0 x 067 c 6 deae 75 f 167210 aa 456 fc 912 a 7 d 54 d 1450 a 8 page allows users to view the source code, transactions, balances, and analytics for the contract address. Users can also interact and make transactions to the contract directly on...
Likes: 1
Replies: 0
No replies yet.
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Okse Wallet & Card (Visa & Mastercard) - Growth Experiments - Cycle 11
by TGG - No Role
Posted on: March 25, 2023, 5:34 a.m.
Content: Hello Doug, It’s a pleasure to meet you! Thank you for sharing your valuable suggestions with us. We’ve carefully reviewed your input and have made adjustments to our plan to make it more appealing to users and better aligned with grant objectives. While we cannot eliminate the liquidity component, we have decided to distribute it between liquidity provision and user rewards, creating a more balanced approach. Your insights have been instrumental in helping us refine our strategy, and we appreciate your contribution. Best regards, Tobias
Likes: 1
Replies: 0
No replies yet.
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Okse Wallet & Card (Visa & Mastercard) - Growth Experiments - Cycle 11
by TGG - No Role
Posted on: March 25, 2023, 1:34 a.m.
Content: Hello Doug,
It’s a pleasure to meet you! Thank you for sharing your valuable suggestions with us. We’ve carefully reviewed your input and have made adjustments to our plan to make it more appealing to users and better aligned with grant objectives.
While we cannot eliminate the liquidity component, we have decided to distribute it between liquidity provision and user rewards, creating a more balanced approach. Your insights have been instrumental in helping us refine our strategy, and we appreciate your contribution.
Best regards,
Tobias
Likes: 1
Replies: 0
No replies yet.
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Okse Wallet & Card (Visa & Mastercard) - Growth Experiments - Cycle 11
by TGG - No Role
Posted on: March 15, 2023, 3:34 a.m.
Content: Project name: Okse Wallet & Card Author name and contact info (please provide a reliable point of contact for the project.): Tobias, E-mail tg@okse.io, Twitter: Twitter 2 , Telegram: @tgryptos, L 2 recipient address: 0 xCe 75 aaeEfef 7 b 14 cE 7156 d 800 B 291 b 195559 d 07 c Which Voting Cycle are you applying for? Cycle 11 I confirm that I have read the landing pages for the Builders 29 and Growth Experiments 31 1 Sub-Committees and that I have determined my proposal is best suited to be reviewed by the Growth Experiments Sub-Committee: YES I understand that Growth Experiments grants are subject to a “no sale rule,” as explained in this post, and I have read the terms of the rule: YES Project Details What are you building? Okse Wallet & Okse Visa Card are a decentralized finance system, built to revolutionize the financial market. Okse Wallet & Card allows only the owner to access and spend their cryptocurrency without counter-party risk in over 60 million shops worldwide. Load your card with crypto and spend it anywhere visa is accepted. You can also use Apple Pay, Google Pay and Samsung Pay with your Virtual Crypto Debit Card. Why do you believe what you are building is going to succeed? Okse has been live since September 2022 and gained 4 , 500 Users within 2 just months. These are people who are using our cards as KYC verified members. With 12 , 000 Users our business model will generate positive revenue which leads to the first success. Our target for 2023 is 100 , 000 + Users. December 2022 , we lost our card provider in the US due to the damage from FTX and the regulatory changes in the US Market. We signed with a new card provider which is now integrated and allows us to operate in 170 + countries with virtual and physical debit cards. Excluded Countries: OKSE Support 5 Afghanistan Barbados Ghana Haiti Iran Iraq Jamaica Jordan Malta Mauritius Morocco Nicaragua Pakistan Romania Syria Trinidad Tobago Uganda North Korea How many users does your project have currently? Please include how you arrived at this estimate: We have currently 4 , 500 active KYC verified Users. Screenshot 2023 - 03 - 14 at 7 . 49 . 04 PM 942 × 674 70 . 5 KB How will receiving a grant enable you to further the mission of maximizing the number of users interacting with Optimism? Please include a step-by-step flow of how you imagine this grant can lead to a greater number of user interactions with Optimism: We have the integrated Okse Cashback System (similar to crypto.com) which gives you as a user, up to 6 % cashback of your spent amount in Okse. The system is not turned on until now because we do not have enough liquidity in the market for our Okse token; which would lead to an instant price drop before the positive impact from Okse purchases could start. With the grant we could finally create our Liquidity Pair with OKSE/OP with enough liquidity to activate the cashback on the Optimism blockchain which would move the majority of our users to the Optimism blockchain. The cashback can only be activated on a chain which has enough liquidity. Why should users buy Okse after we turn on the Cashback System? To receive cashbacks and to increase your daily spending limit (up to 50 , 000 $) you need to stake Okse at different Levels. 50 % of our total supply is allocated for the cashback system, which gets released over 36 months as available allocation and currently remains untouched. Screenshot 2023 - 03 - 14 at 7 . 54 . 19 PM 1332 × 239 17 . 6 KB Screenshot 2023 - 03 - 14 at 8 . 01 . 13 PM 1853 × 1039 93 . 8 KB Tell us about the users you plan to target with this grant. Include any defining characteristics that will help you identify and target them.: Within the next 12 months we plan to have a minimum of 25 , 000 ( 6 month 10 , 000 ) active users on the Optimism blockchain. First off, we target our existing users with the cashback as explained above. If you as a user receive cashback only when you use the Optimism blockchain, you will use the optimism blockchain. After everything that happened with FTX, Celsius and other bigger crypto companies, people are scared to use a centralised system for their crypto card payments. We have seen a significant increase in our users since the FTX drama. We have a big network of KOLs which helps us to spread the information and also a big community and following which is just waiting for the cashback activation. Because even if users are scared of centralised systems, if they get cashback on crypto.com and not from Okse, they still consider the company with the cashback in some cases. How would these users interact with Optimism? For how long?: Every active user has for the following on-chain transaction: Deposit into the debit card contract Select the payment currency Pay your monthly subscription fee Payment transaction / card deposit Average transactions per User per month: 15 payment transactions 6 card contract deposits 2 payment currency changes 1 monthly subscription fee payment 15 payments * 2 exchange transactions Total average transaction per User per month: 54 Calculated only on our active users, we would reach monthly 243 , 000 transactions based on user interaction. If we consider the minimum expected 25 , 000 Users within 12 months, we are talking about 1 . 35 Million on-chain transactions per month. Provide us with links to any of the following for the project: Demo: Vimeo Live Video 1 Website: Website Twitter: Twitter 1 Discord/Discourse/Community: Discord 1 Github: Github Technical/Economic Documentation: Whitepaper Do you have any metrics on the project currently? (TVL, transactions, volume, unique addresses, etc. Optimism metrics preferred; please link to public sources such as Dune Analytics, etc.): We’ve integrated Optimism into the Okse Card already, also into the Okse Wallet. But the wallet integration is not yet activated, because we talked with the Optimism Team and decided to apply for the grant first. Considering we get the grant, we could launch with a big announcement and the cashback integration in place, which would lead to an instant boom in growth for both Okse and Optimism. Okse Card contract on the BSC: OKSE: Card | Address 0 x 40 f 5 a 9 bfd 79585 ffe 39 e 93 efed 59 b 84 d 27 d 6 d 593 | BscScan Who are your competitors, and are they on Optimism?: Based on our knowledge we do not have any competition on OP. Please link to code audits (if any): Audit Github Team Who are your founders?: Tobias, CEO & Founder Army 2008 - 2010 Finance & Insurance Business 2010 - 2016 Crypto since 2016 Twitter Tobias 2 Eljaboom, CMO & Co-Founder Crypto KOL and Crypto Investor since 2013 Twitter Eljaboom 1 Rohit CTO Crypto since 2016 Twitter Rohit We have a total of 12 developers in our team. The Team is based in Dubai, China and India. What makes your team well-suited to carry out the project described in this proposal? We’ve built things together for 6 + years in the crypto industry. It took us 1 . 5 years to develop what we have + to get the Visa & Mastercard approvals. We are ready to give it our all to make Okse a success. Is this your first Web 3 project?: If not, what else have you built? (Share links, Github repository, or any other useful information.): We built JulSwap in the past, which is still active and will soon release our cross-chain exchange which includes optimism. JulSwap Github JulSwap Web Grant Request What is the size of the grant request? ( 250 k OP max): 250 , 000 OP How do you justify the size of the grant?: We not only bring genuine, active blockchain users to the Optimism community but also offer existing and future Optimism users the opportunity to use and spend OP and other OP-based tokens in more than 170 countries. With access to over 60 million merchants worldwide, we empower users to seamlessly integrate OP and other tokens into their everyday payment transactions, elevating the Optimism platform’s value and global adoption. Roadmap and Distribution Plan I. April 2023 : Grants Approval & Initial Distribution ( 50 % - 125 , 000 OP) A. 20 % allocated for on-chain liquidity to support user cash-back B. 5 % dedicated to payment provider liquidity C. 25 % reserved for sign-up bonuses II. July 2023 : Reaching 5 , 000 Active Users on Optimism ( 25 % - 62 , 500 OP) A. 15 % earmarked for prepayment to payment processor B. 10 % utilized for sign-up bonuses, similar to the initial distribution III. September 2023 : Achieving 7 , 500 Active Users on Optimism ( 25 % - 62 , 500 OP) A. 15 % allocated for prepayment to payment processor B. 10 % designated for sign-up bonuses, mirroring previous distributions IV. November 2023 Goal: Attaining 10 , 000 Active Users on Optimism with Okse Card Describe in discrete steps how you will successfully implement your grant plan: Sign-up Bonus: Users must: a. Download the Okse app b. Complete KYC verification c. Make at least one payment on the Optimism blockchain using the Okse Card Rewards for early users (first 5 , 000 people): a. 4 OP for successful sign-up and KYC completion b. 6 OP for the first transaction on the Optimism blockchain with the Okse Card Cash-back Allocation: We plan to implement the Okse cashback system on the Optimism blockchain, which will provide an attractive incentive for users. As the cashback feature is not yet activated, once it is launched, users will be naturally drawn to using the Optimism blockchain with their Okse Card. This is because they won’t want to miss out on the opportunity to receive cashback rewards when making payments with the card. Payment Provider Allocation: To ensure smooth transactions for our users, we allocate funds as a prepayment to our payment processor. This pre-financing step is necessary to cover all user payments for a brief duration until the blockchain transaction is completed and confirmed. This proactive measure ensures seamless and efficient processing of payments on our platform. How will the OP tokens be distributed? (please include % allocated to different initiatives such as user rewards/marketing/liquidity mining. Please also include a justification as to why each of these initiatives align with the problem statement this proposal is solving. Distribution should not include the sale of any tokens by the grantee or the use of tokens for compensation, protocol expenses, etc. See the no sale rule here 2 1 ): I. April 2023 : ( 50 % - 125 , 000 OP) A. 20 % liquidity on-chain & cash-back rewards B. 5 % liquidity payment provider C. 25 % rewards & marketing II. July 2023 : ( 25 % - 62 , 500 OP) A. 15 % liquidity payment provider B. 10 % rewards & marketing III. September 2023 : Achieving 7 , 500 Active Users on Optimism ( 25 % - 62 , 500 OP) A. 15 % liquidity payment provider B. 10 % rewards & marketing In total: 45 % Rewards and Marketing 35 % Liquidity Payment Provider 20 % Liquidity On-Chain Over what period of time will the tokens be distributed for each initiative?: I. 3 month II. 2 month II. 2 month Please provide benchmark milestones for this project. These milestones should guide the Optimism community on the progress of your project throughout your work on the project. Do not use distribution of the grant itself as a milestone: I. July 2023 : Reaching 5 , 000 Active Users on Optimism II. September 2023 : Achieving 7 , 500 Active Users on Optimism III. November 2023 Goal: Attaining 10 , 000 Active Users on Optimism with Okse Card Please define critical milestones for this project. Critical milestones are meant to show good-faith efforts to accomplish the project. Non-completion of these milestones could lead to revocation of remaining grant rewards. Do not use distribution of the grant itself as a milestone: The most crucial milestone in our roadmap is achieving 5 , 000 active users on the Optimism blockchain by July 2023 . Once this target is reached, future milestones can be effectively pursued through well-executed marketing strategies. This initial milestone serves as a strong foundation for growth and success in subsequent phases. If the OP tokens are for direct distribution to users, why will incentivized users and liquidity on Optimism remain after incentives dry up?: Each user contributes a monthly fee of $ 6 . 99 , and once we surpass 12 , 000 active users, our company will operate profitably. The OP grants serve as a catalyst, enabling us to establish a solid foundation and transition into a thriving, self-sustaining business. Please provide any additional information that will facilitate accountability (smart contracts addresses relevant to the proposal, relevant organizational wallet addresses, etc.): To ensure the lockup and vesting timelines we locked the Okse tokens with the total supply from 1 , 000 , 000 , 000 Okse as following: Ecosystem allocation ( 150 , 000 , 00 Okse - 20 % TGE = 120 , 000 , 000 Okse) Contract: Ecosystem Timeline: 01 st of September 2022 - 36 months vesting linear Spend to earn allocation ( 500 , 000 , 000 Okse) Contract: Cashback Timeline: 01 st of September 2022 - 36 months vesting linear Team allocation ( 200 , 000 , 000 Okse) Contract: Team Timeline: 01 st of September 2022 - 12 months cliff & 36 months vesting linear Advisor allocation ( 50 , 000 , 000 Okse) Contract: Advisor Timeline: 01 st of September 2022 - 12 months cliff & 36 months vesting linear Private Sale allocation ( 91 , 600 , 000 Okse) Contract: Private Sale Timeline: 01 st of September 2022 - 6 months cliff & 36 months vesting linear Lockup & Vesting Smart Contract Audit: github.com Okseio/smart-contact-audit/blob/main/PeckShield-Audit-Report-Okse-TokenVesting-v 1 . 0 .pdf This file is binary. show original Okse Token: $ 0 . 07 | Okse (OKSE) Token Tracker | BscScan Okse Card Contract BSC: Card Contract Okse Token Optimism (celer bridge): Celer Bridge Okse Card contracts Optimism (deployed but not activated as described): CashBackManager 0 xA 1 AD 368 Cfb 884 F 499 F 1379 Ac 51 FF 57424 fA 07 C 90 Converter 0 x 41 f 5391 b 474 bFB 3688 acA 4 ea 3 e 6 BEBD 8 aBE 7838 c LevelManager 0 xC 23 CF 0 AB 5 A 879052 b 81 f 3 fa 5 E 398 F 969 Fc 0 AE 433 LimitManager 0 xfA 3 E 7 d 864 cf 426381 aF 1 A 990 FD 2 E 19 d 56 b 03 dF 33 MarketManager 0 x 33 fb 5277 D 65 Eaf 00 c 88 bA 279 e 502805 f 5 ac 8 bb 88 OkseCard 0 x 44 Ae 36 cB 7 Ec 1 c 8 B 3 f 2560 a 4 C 6 ade 11610 F 76 FF 91 Optimism Relationship We have a telegram group with Vivian, Smit, Binji and Tarun Does your project solve a problem for the Optimism ecosystem? If so, how?: Use OP and OP based tokens at over 60 Million merchants globally to make payments Increase User and transaction numbers Provide non-custodial debit card solutions Why will this solution be a source of growth for the Optimism ecosystem?: Because more and more fiat off-ramps are falling out and Okse provides the possibility to be the off-ramp while holding crypto in a non-custodial way. Is your project Optimism Native?: No its multi-chain, but the cashback as described is inactive on all other chains and can be only activated on chains with enough liquidity. This is why we request the grant. Confirmations I understand that I will be required to provide additional KYC information to the Optimism Foundation to receive this grant: YES I understand that I will be expected to following the public grant reporting requirements outlined here: YES
Likes: 2
Replies: 0
No replies yet.
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Okse Wallet & Card (Visa & Mastercard) - Growth Experiments - Cycle 11
by TGG - No Role
Posted on: March 15, 2023, 3:34 a.m.
Content: Project name: Okse Wallet & Card Author name and contact info (please provide a reliable point of contact for the project.): Tobias, E-mail tg@okse.io, Twitter: Twitter 2 , Telegram: @tgryptos, L 2 recipient address: 0 xCe 75 aaeEfef 7 b 14 cE 7156 d 800 B 291 b 195559 d 07 c Which Voting Cycle are you applying for? Cycle 11 I confirm that I have read the landing pages for the Builders 29 and Growth Experiments 31 1 Sub-Committees and that I have determined my proposal is best suited to be reviewed by the Growth Experiments Sub-Committee: YES I understand that Growth Experiments grants are subject to a “no sale rule,” as explained in this post, and I have read the terms of the rule: YES Project Details What are you building? Okse Wallet & Okse Visa Card are a decentralized finance system, built to revolutionize the financial market. Okse Wallet & Card allows only the owner to access and spend their cryptocurrency without counter-party risk in over 60 million shops worldwide. Load your card with crypto and spend it anywhere visa is accepted. You can also use Apple Pay, Google Pay and Samsung Pay with your Virtual Crypto Debit Card. Why do you believe what you are building is going to succeed? Okse has been live since September 2022 and gained 4 , 500 Users within 2 just months. These are people who are using our cards as KYC verified members. With 12 , 000 Users our business model will generate positive revenue which leads to the first success. Our target for 2023 is 100 , 000 + Users. December 2022 , we lost our card provider in the US due to the damage from FTX and the regulatory changes in the US Market. We signed with a new card provider which is now integrated and allows us to operate in 170 + countries with virtual and physical debit cards. Excluded Countries: OKSE Support 5 Afghanistan Barbados Ghana Haiti Iran Iraq Jamaica Jordan Malta Mauritius Morocco Nicaragua Pakistan Romania Syria Trinidad Tobago Uganda North Korea How many users does your project have currently? Please include how you arrived at this estimate: We have currently 4 , 500 active KYC verified Users. Screenshot 2023 - 03 - 14 at 7 . 49 . 04 PM 942 × 674 70 . 5 KB How will receiving a grant enable you to further the mission of maximizing the number of users interacting with Optimism? Please include a step-by-step flow of how you imagine this grant can lead to a greater number of user interactions with Optimism: We have the integrated Okse Cashback System (similar to crypto.com) which gives you as a user, up to 6 % cashback of your spent amount in Okse. The system is not turned on until now because we do not have enough liquidity in the market for our Okse token; which would lead to an instant price drop before the positive impact from Okse purchases could start. With the grant we could finally create our Liquidity Pair with OKSE/OP with enough liquidity to activate the cashback on the Optimism blockchain which would move the majority of our users to the Optimism blockchain. The cashback can only be activated on a chain which has enough liquidity. Why should users buy Okse after we turn on the Cashback System? To receive cashbacks and to increase your daily spending limit (up to 50 , 000 $) you need to stake Okse at different Levels. 50 % of our total supply is allocated for the cashback system, which gets released over 36 months as available allocation and currently remains untouched. Screenshot 2023 - 03 - 14 at 7 . 54 . 19 PM 1332 × 239 17 . 6 KB Screenshot 2023 - 03 - 14 at 8 . 01 . 13 PM 1853 × 1039 93 . 8 KB Tell us about the users you plan to target with this grant. Include any defining characteristics that will help you identify and target them.: Within the next 12 months we plan to have a minimum of 25 , 000 ( 6 month 10 , 000 ) active users on the Optimism blockchain. First off, we target our existing users with the cashback as explained above. If you as a user receive cashback only when you use the Optimism blockchain, you will use the optimism blockchain. After everything that happened with FTX, Celsius and other bigger crypto companies, people are scared to use a centralised system for their crypto card payments. We have seen a significant increase in our users since the FTX drama. We have a big network of KOLs which helps us to spread the information and also a big community and following which is just waiting for the cashback activation. Because even if users are scared of centralised systems, if they get cashback on crypto.com and not from Okse, they still consider the company with the cashback in some cases. How would these users interact with Optimism? For how long?: Every active user has for the following on-chain transaction: Deposit into the debit card contract Select the payment currency Pay your monthly subscription fee Payment transaction / card deposit Average transactions per User per month: 15 payment transactions 6 card contract deposits 2 payment currency changes 1 monthly subscription fee payment 15 payments * 2 exchange transactions Total average transaction per User per month: 54 Calculated only on our active users, we would reach monthly 243 , 000 transactions based on user interaction. If we consider the minimum expected 25 , 000 Users within 12 months, we are talking about 1 . 35 Million on-chain transactions per month. Provide us with links to any of the following for the project: Demo: Vimeo Live Video 2 Website: Website Twitter: Twitter 1 Discord/Discourse/Community: Discord 1 Github: Github 1 Technical/Economic Documentation: Whitepaper Do you have any metrics on the project currently? (TVL, transactions, volume, unique addresses, etc. Optimism metrics preferred; please link to public sources such as Dune Analytics, etc.): We’ve integrated Optimism into the Okse Card already, also into the Okse Wallet. But the wallet integration is not yet activated, because we talked with the Optimism Team and decided to apply for the grant first. Considering we get the grant, we could launch with a big announcement and the cashback integration in place, which would lead to an instant boom in growth for both Okse and Optimism. Okse Card contract on the BSC: OKSE: Card | Address 0 x 40 f 5 a 9 bfd 79585 ffe 39 e 93 efed 59 b 84 d 27 d 6 d 593 | BscScan Who are your competitors, and are they on Optimism?: Based on our knowledge we do not have any competition on OP. Please link to code audits (if any): Audit Github Team Who are your founders?: Tobias, CEO & Founder Army 2008 - 2010 Finance & Insurance Business 2010 - 2016 Crypto since 2016 Twitter Tobias 2 Eljaboom, CMO & Co-Founder Crypto KOL and Crypto Investor since 2013 Twitter Eljaboom 1 Rohit CTO Crypto since 2016 Twitter Rohit We have a total of 12 developers in our team. The Team is based in Dubai, China and India. What makes your team well-suited to carry out the project described in this proposal? We’ve built things together for 6 + years in the crypto industry. It took us 1 . 5 years to develop what we have + to get the Visa & Mastercard approvals. We are ready to give it our all to make Okse a success. Is this your first Web 3 project?: If not, what else have you built? (Share links, Github repository, or any other useful information.): We built JulSwap in the past, which is still active and will soon release our cross-chain exchange which includes optimism. JulSwap Github JulSwap Web Grant Request What is the size of the grant request? ( 250 k OP max): 250 , 000 OP How do you justify the size of the grant?: We not only bring genuine, active blockchain users to the Optimism community but also offer existing and future Optimism users the opportunity to use and spend OP and other OP-based tokens in more than 170 countries. With access to over 60 million merchants worldwide, we empower users to seamlessly integrate OP and other tokens into their everyday payment transactions, elevating the Optimism platform’s value and global adoption. Roadmap and Distribution Plan I. April 2023 : Grants Approval & Initial Distribution ( 50 % - 125 , 000 OP) A. 20 % allocated for on-chain liquidity to support user cash-back B. 5 % dedicated to payment provider liquidity C. 25 % reserved for sign-up bonuses II. July 2023 : Reaching 5 , 000 Active Users on Optimism ( 25 % - 62 , 500 OP) A. 15 % earmarked for prepayment to payment processor B. 10 % utilized for sign-up bonuses, similar to the initial distribution III. September 2023 : Achieving 7 , 500 Active Users on Optimism ( 25 % - 62 , 500 OP) A. 15 % allocated for prepayment to payment processor B. 10 % designated for sign-up bonuses, mirroring previous distributions IV. November 2023 Goal: Attaining 10 , 000 Active Users on Optimism with Okse Card Describe in discrete steps how you will successfully implement your grant plan: Sign-up Bonus: Users must: a. Download the Okse app b. Complete KYC verification c. Make at least one payment on the Optimism blockchain using the Okse Card Rewards for early users (first 5 , 000 people): a. 4 OP for successful sign-up and KYC completion b. 6 OP for the first transaction on the Optimism blockchain with the Okse Card Cash-back Allocation: We plan to implement the Okse cashback system on the Optimism blockchain, which will provide an attractive incentive for users. As the cashback feature is not yet activated, once it is launched, users will be naturally drawn to using the Optimism blockchain with their Okse Card. This is because they won’t want to miss out on the opportunity to receive cashback rewards when making payments with the card. Payment Provider Allocation: To ensure smooth transactions for our users, we allocate funds as a prepayment to our payment processor. This pre-financing step is necessary to cover all user payments for a brief duration until the blockchain transaction is completed and confirmed. This proactive measure ensures seamless and efficient processing of payments on our platform. How will the OP tokens be distributed? (please include % allocated to different initiatives such as user rewards/marketing/liquidity mining. Please also include a justification as to why each of these initiatives align with the problem statement this proposal is solving. Distribution should not include the sale of any tokens by the grantee or the use of tokens for compensation, protocol expenses, etc. See the no sale rule here 2 1 ): I. April 2023 : ( 50 % - 125 , 000 OP) A. 20 % liquidity on-chain & cash-back rewards B. 5 % liquidity payment provider C. 25 % rewards & marketing II. July 2023 : ( 25 % - 62 , 500 OP) A. 15 % liquidity payment provider B. 10 % rewards & marketing III. September 2023 : Achieving 7 , 500 Active Users on Optimism ( 25 % - 62 , 500 OP) A. 15 % liquidity payment provider B. 10 % rewards & marketing In total: 45 % Rewards and Marketing 35 % Liquidity Payment Provider 20 % Liquidity On-Chain Over what period of time will the tokens be distributed for each initiative?: I. 3 month II. 2 month II. 2 month Please provide benchmark milestones for this project. These milestones should guide the Optimism community on the progress of your project throughout your work on the project. Do not use distribution of the grant itself as a milestone: I. July 2023 : Reaching 5 , 000 Active Users on Optimism II. September 2023 : Achieving 7 , 500 Active Users on Optimism III. November 2023 Goal: Attaining 10 , 000 Active Users on Optimism with Okse Card Please define critical milestones for this project. Critical milestones are meant to show good-faith efforts to accomplish the project. Non-completion of these milestones could lead to revocation of remaining grant rewards. Do not use distribution of the grant itself as a milestone: The most crucial milestone in our roadmap is achieving 5 , 000 active users on the Optimism blockchain by July 2023 . Once this target is reached, future milestones can be effectively pursued through well-executed marketing strategies. This initial milestone serves as a strong foundation for growth and success in subsequent phases. If the OP tokens are for direct distribution to users, why will incentivized users and liquidity on Optimism remain after incentives dry up?: Each user contributes a monthly fee of $ 6 . 99 , and once we surpass 12 , 000 active users, our company will operate profitably. The OP grants serve as a catalyst, enabling us to establish a solid foundation and transition into a thriving, self-sustaining business. Please provide any additional information that will facilitate accountability (smart contracts addresses relevant to the proposal, relevant organizational wallet addresses, etc.): To ensure the lockup and vesting timelines we locked the Okse tokens with the total supply from 1 , 000 , 000 , 000 Okse as following: Ecosystem allocation ( 150 , 000 , 00 Okse - 20 % TGE = 120 , 000 , 000 Okse) Contract: Ecosystem Timeline: 01 st of September 2022 - 36 months vesting linear Spend to earn allocation ( 500 , 000 , 000 Okse) Contract: Cashback Timeline: 01 st of September 2022 - 36 months vesting linear Team allocation ( 200 , 000 , 000 Okse) Contract: Team Timeline: 01 st of September 2022 - 12 months cliff & 36 months vesting linear Advisor allocation ( 50 , 000 , 000 Okse) Contract: Advisor Timeline: 01 st of September 2022 - 12 months cliff & 36 months vesting linear Private Sale allocation ( 91 , 600 , 000 Okse) Contract: Private Sale Timeline: 01 st of September 2022 - 6 months cliff & 36 months vesting linear Lockup & Vesting Smart Contract Audit: github.com Okseio/smart-contact-audit/blob/main/PeckShield-Audit-Report-Okse-TokenVesting-v 1 . 0 .pdf This file is binary. show original Okse Token: $ 0 . 07 | Okse (OKSE) Token Tracker | BscScan Okse Card Contract BSC: Card Contract Okse Token Optimism (celer bridge): Celer Bridge Okse Card contracts Optimism (deployed but not activated as described): CashBackManager 0 xA 1 AD 368 Cfb 884 F 499 F 1379 Ac 51 FF 57424 fA 07 C 90 Converter 0 x 41 f 5391 b 474 bFB 3688 acA 4 ea 3 e 6 BEBD 8 aBE 7838 c LevelManager 0 xC 23 CF 0 AB 5 A 879052 b 81 f 3 fa 5 E 398 F 969 Fc 0 AE 433 LimitManager 0 xfA 3 E 7 d 864 cf 426381 aF 1 A 990 FD 2 E 19 d 56 b 03 dF 33 MarketManager 0 x 33 fb 5277 D 65 Eaf 00 c 88 bA 279 e 502805 f 5 ac 8 bb 88 OkseCard 0 x 44 Ae 36 cB 7 Ec 1 c 8 B 3 f 2560 a 4 C 6 ade 11610 F 76 FF 91 Optimism Relationship We have a telegram group with Vivian, Smit, Binji and Tarun Does your project solve a problem for the Optimism ecosystem? If so, how?: Use OP and OP based tokens at over 60 Million merchants globally to make payments Increase User and transaction numbers Provide non-custodial debit card solutions Why will this solution be a source of growth for the Optimism ecosystem?: Because more and more fiat off-ramps are falling out and Okse provides the possibility to be the off-ramp while holding crypto in a non-custodial way. Is your project Optimism Native?: No its multi-chain, but the cashback as described is inactive on all other chains and can be only activated on chains with enough liquidity. This is why we request the grant. Confirmations I understand that I will be required to provide additional KYC information to the Optimism Foundation to receive this grant: YES I understand that I will be expected to following the public grant reporting requirements outlined here: YES
Likes: 2
Replies: 0
No replies yet.
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Okse Wallet & Card (Visa & Mastercard) - Growth Experiments - Cycle 11
by TGG - No Role
Posted on: March 14, 2023, 11:34 p.m.
Content: Project name: Okse Wallet & Card
Author name and contact info (please provide a reliable point of contact for the project.):
Tobias, E-mail tg@okse.io, Twitter: Twitter, Telegram: @tgryptos,
L 2 recipient address: 0 xCe 75 aaeEfef 7 b 14 cE 7156 d 800 B 291 b 195559 d 07 c
Which Voting Cycle are you applying for? Cycle 11
I confirm that I have read the landing pages for the Builders 29 and Growth Experiments 31 Sub-Committees and that I have determined my proposal is best suited to be reviewed by the Growth Experiments Sub-Committee: YES
I understand that Growth Experiments grants are subject to a “no sale rule,” as explained in this post, and I have read the terms of the rule: YES
Project Details
What are you building?
Okse Wallet & Okse Visa Card are a decentralized finance system, built to revolutionize the financial market. Okse Wallet & Card allows only the owner to access and spend their cryptocurrency without counter-party risk in over 60 million shops worldwide.
Load your card with crypto and spend it anywhere visa is accepted. You can also use Apple Pay, Google Pay and Samsung Pay with your Virtual Crypto Debit Card.
Why do you believe what you are building is going to succeed?
Okse has been live since September 2022 and gained 4 , 500 Users within 2 just months. These are people who are using our cards as KYC verified members. With 12 , 000 Users our business model will generate positive revenue which leads to the first success. Our target for 2023 is 100 , 000 + Users. December 2022 , we lost our card provider in the US due to the damage from FTX and the regulatory changes in the US Market. We signed with a new card provider which is now integrated and allows us to operate in 170 + countries with virtual and physical debit cards.
Excluded Countries: OKSE Support
Afghanistan
Barbados
Ghana
Haiti
Iran
Iraq
Jamaica
Jordan
Malta
Mauritius
Morocco
Nicaragua
Pakistan
Romania
Syria
Trinidad Tobago
Uganda
North Korea
How many users does your project have currently? Please include how you arrived at this estimate:
We have currently 4 , 500 active KYC verified Users.
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How will receiving a grant enable you to further the mission of maximizing the number of users interacting with Optimism? Please include a step-by-step flow of how you imagine this grant can lead to a greater number of user interactions with Optimism:
We have the integrated Okse Cashback System (similar to crypto.com) which gives you as a user, up to 6 % cashback of your spent amount in Okse. The system is not turned on until now because we do not have enough liquidity in the market for our Okse token; which would lead to an instant price drop before the positive impact from Okse purchases could start. With the grant we could finally create our Liquidity Pair with OKSE/OP with enough liquidity to activate the cashback on the Optimism blockchain which would move the majority of our users to the Optimism blockchain. The cashback can only be activated on a chain which has enough liquidity.
Why should users buy Okse after we turn on the Cashback System?
To receive cashbacks and to increase your daily spending limit (up to 50 , 000 $) you need to stake Okse at different Levels. 50 % of our total supply is allocated for the cashback system, which gets released over 36 months as available allocation and currently remains untouched.
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Tell us about the users you plan to target with this grant. Include any defining characteristics that will help you identify and target them.:
Within the next 12 months we plan to have a minimum of 25 , 000 ( 6 month 10 , 000 ) active users on the Optimism blockchain. First off, we target our existing users with the cashback as explained above. If you as a user receive cashback only when you use the Optimism blockchain, you will use the optimism blockchain.
After everything that happened with FTX, Celsius and other bigger crypto companies, people are scared to use a centralised system for their crypto card payments. We have seen a significant increase in our users since the FTX drama. We have a big network of KOLs which helps us to spread the information and also a big community and following which is just waiting for the cashback activation. Because even if users are scared of centralised systems, if they get cashback on crypto.com and not from Okse, they still consider the company with the cashback in some cases.
How would these users interact with Optimism? For how long?:
Every active user has for the following on-chain transaction:
Deposit into the debit card contract
Select the payment currency
Pay your monthly subscription fee
Payment transaction / card deposit
Average transactions per User per month:
15 payment transactions
6 card contract deposits
2 payment currency changes
1 monthly subscription fee payment
15 payments * 2 exchange transactions
Total average transaction per User per month: 54
Calculated only on our active users, we would reach monthly 243 , 000 transactions based on user interaction. If we consider the minimum expected 25 , 000 Users within 12 months, we are talking about 1 . 35 Million on-chain transactions per month.
Provide us with links to any of the following for the project:
Demo: Vimeo Live Video
Website: Website
Twitter: Twitter
Discord/Discourse/Community: Discord
Github: Github
Technical/Economic Documentation: Whitepaper
Do you have any metrics on the project currently? (TVL, transactions, volume, unique addresses, etc. Optimism metrics preferred; please link to public sources such as Dune Analytics, etc.):
We’ve integrated Optimism into the Okse Card already, also into the Okse Wallet. But the wallet integration is not yet activated, because we talked with the Optimism Team and decided to apply for the grant first. Considering we get the grant, we could launch with a big announcement and the cashback integration in place, which would lead to an instant boom in growth for both Okse and Optimism.
Okse Card contract on the BSC: OKSE: Card | Address 0 x 40 f 5 a 9 bfd 79585 ffe 39 e 93 efed 59 b 84 d 27 d 6 d 593 | BscScan
Who are your competitors, and are they on Optimism?:
Based on our knowledge we do not have any competition on OP.
Please link to code audits (if any):
Audit Github
Team
Who are your founders?:
Tobias, CEO & Founder
Army 2008 - 2010
Finance & Insurance Business 2010 - 2016
Crypto since 2016
Twitter Tobias
Eljaboom, CMO & Co-Founder
Crypto KOL and Crypto Investor since 2013
Twitter Eljaboom
Rohit CTO
Crypto since 2016
Twitter Rohit
We have a total of 12 developers in our team.
The Team is based in Dubai, China and India.
What makes your team well-suited to carry out the project described in this proposal?
We’ve built things together for 6 + years in the crypto industry. It took us 1 . 5 years to develop what we have + to get the Visa & Mastercard approvals. We are ready to give it our all to make Okse a success.
Is this your first Web 3 project?:
If not, what else have you built? (Share links, Github repository, or any other useful information.):
We built JulSwap in the past, which is still active and will soon release our cross-chain exchange which includes optimism.
JulSwap Github
JulSwap Web
Grant Request
What is the size of the grant request? ( 250 k OP max): 250 , 000 OP
How do you justify the size of the grant?:
We not only bring genuine, active blockchain users to the Optimism community but also offer existing and future Optimism users the opportunity to use and spend OP and other OP-based tokens in more than 170 countries. With access to over 60 million merchants worldwide, we empower users to seamlessly integrate OP and other tokens into their everyday payment transactions, elevating the Optimism platform’s value and global adoption.
Roadmap and Distribution Plan
I. April 2023 : Grants Approval & Initial Distribution ( 50 % - 125 , 000 OP)
A. 20 % allocated for on-chain liquidity to support user cash-back
B. 5 % dedicated to payment provider liquidity
C. 25 % reserved for sign-up bonuses
II. July 2023 : Reaching 5 , 000 Active Users on Optimism ( 25 % - 62 , 500 OP)
A. 15 % earmarked for prepayment to payment processor
B. 10 % utilized for sign-up bonuses, similar to the initial distribution
III. September 2023 : Achieving 7 , 500 Active Users on Optimism ( 25 % - 62 , 500 OP)
A. 15 % allocated for prepayment to payment processor
B. 10 % designated for sign-up bonuses, mirroring previous distributions
IV. November 2023 Goal: Attaining 10 , 000 Active Users on Optimism with Okse Card
Describe in discrete steps how you will successfully implement your grant plan:
Sign-up Bonus:
Users must:
a. Download the Okse app
b. Complete KYC verification
c. Make at least one payment on the Optimism blockchain using the Okse Card
Rewards for early users (first 5 , 000 people):
a. 4 OP for successful sign-up and KYC completion
b. 6 OP for the first transaction on the Optimism blockchain with the Okse Card
Cash-back Allocation:
We plan to implement the Okse cashback system on the Optimism blockchain, which will provide an attractive incentive for users. As the cashback feature is not yet activated, once it is launched, users will be naturally drawn to using the Optimism blockchain with their Okse Card. This is because they won’t want to miss out on the opportunity to receive cashback rewards when making payments with the card.
Payment Provider Allocation:
To ensure smooth transactions for our users, we allocate funds as a prepayment to our payment processor. This pre-financing step is necessary to cover all user payments for a brief duration until the blockchain transaction is completed and confirmed. This proactive measure ensures seamless and efficient processing of payments on our platform.
How will the OP tokens be distributed? (please include % allocated to different initiatives such as user rewards/marketing/liquidity mining. Please also include a justification as to why each of these initiatives align with the problem statement this proposal is solving. Distribution should not include the sale of any tokens by the grantee or the use of tokens for compensation, protocol expenses, etc. See the no sale rule here 2 ):
I. April 2023 : ( 50 % - 125 , 000 OP)
A. 20 % liquidity on-chain & cash-back rewards
B. 5 % liquidity payment provider
C. 25 % rewards & marketing
II. July 2023 : ( 25 % - 62 , 500 OP)
A. 15 % liquidity payment provider
B. 10 % rewards & marketing
III. September 2023 : Achieving 7 , 500 Active Users on Optimism ( 25 % - 62 , 500 OP)
A. 15 % liquidity payment provider
B. 10 % rewards & marketing
In total:
45 % Rewards and Marketing
35 % Liquidity Payment Provider
20 % Liquidity On-Chain
Over what period of time will the tokens be distributed for each initiative?:
I. 3 month
II. 2 month
II. 2 month
Please provide benchmark milestones for this project. These milestones should guide the Optimism community on the progress of your project throughout your work on the project. Do not use distribution of the grant itself as a milestone:
I. July 2023 : Reaching 5 , 000 Active Users on Optimism
II. September 2023 : Achieving 7 , 500 Active Users on Optimism
III. November 2023 Goal: Attaining 10 , 000 Active Users on Optimism with Okse Card
Please define critical milestones for this project. Critical milestones are meant to show good-faith efforts to accomplish the project. Non-completion of these milestones could lead to revocation of remaining grant rewards. Do not use distribution of the grant itself as a milestone:
The most crucial milestone in our roadmap is achieving 5 , 000 active users on the Optimism blockchain by July 2023 . Once this target is reached, future milestones can be effectively pursued through well-executed marketing strategies. This initial milestone serves as a strong foundation for growth and success in subsequent phases.
If the OP tokens are for direct distribution to users, why will incentivized users and liquidity on Optimism remain after incentives dry up?:
Each user contributes a monthly fee of $ 6 . 99 , and once we surpass 12 , 000 active users, our company will operate profitably. The OP grants serve as a catalyst, enabling us to establish a solid foundation and transition into a thriving, self-sustaining business.
Please provide any additional information that will facilitate accountability (smart contracts addresses relevant to the proposal, relevant organizational wallet addresses, etc.):
To ensure the lockup and vesting timelines we locked the Okse tokens with the total supply from 1 , 000 , 000 , 000 Okse as following:
Ecosystem allocation ( 150 , 000 , 00 Okse - 20 % TGE = 120 , 000 , 000 Okse)
Contract: Ecosystem
Timeline:
01 st of September 2022 - 36 months vesting linear
Spend to earn allocation ( 500 , 000 , 000 Okse)
Contract: Cashback
Timeline:
01 st of September 2022 - 36 months vesting linear
Team allocation ( 200 , 000 , 000 Okse)
Contract: Team
Timeline:
01 st of September 2022 - 12 months cliff & 36 months vesting linear
Advisor allocation ( 50 , 000 , 000 Okse)
Contract: Advisor
Timeline:
01 st of September 2022 - 12 months cliff & 36 months vesting linear
Private Sale allocation ( 91 , 600 , 000 Okse)
Contract: Private Sale
Timeline:
01 st of September 2022 - 6 months cliff & 36 months vesting linear
Lockup & Vesting Smart Contract Audit:
github.com
Okseio/smart-contact-audit/blob/main/PeckShield-Audit-Report-Okse-TokenVesting-v 1 . 0 .pdf
This file is binary. show original
Okse Token: $ 0 . 07 | Okse (OKSE) Token Tracker | BscScan
Okse Card Contract BSC:
Card Contract
Okse Token Optimism (celer bridge):
Celer Bridge
Okse Card contracts Optimism (deployed but not activated as described):
CashBackManager 0 xA 1 AD 368 Cfb 884 F 499 F 1379 Ac 51 FF 57424 fA 07 C 90
Converter 0 x 41 f 5391 b 474 bFB 3688 acA 4 ea 3 e 6 BEBD 8 aBE 7838 c
LevelManager 0 xC 23 CF 0 AB 5 A 879052 b 81 f 3 fa 5 E 398 F 969 Fc 0 AE 433
LimitManager 0 xfA 3 E 7 d 864 cf 426381 aF 1 A 990 FD 2 E 19 d 56 b 03 dF 33
MarketManager 0 x 33 fb 5277 D 65 Eaf 00 c 88 bA 279 e 502805 f 5 ac 8 bb 88
OkseCard 0 x 44 Ae 36 cB 7 Ec 1 c 8 B 3 f 2560 a 4 C 6 ade 11610 F 76 FF 91
Optimism Relationship
We have a telegram group with Vivian, Smit, Binji and Tarun
Does your project solve a problem for the Optimism ecosystem? If so, how?:
Use OP and OP based tokens at over 60 Million merchants globally to make payments
Increase User and transaction numbers
Provide non-custodial debit card solutions
Why will this solution be a source of growth for the Optimism ecosystem?:
Because more and more fiat off-ramps are falling out and Okse provides the possibility to be the off-ramp while holding crypto in a non-custodial way.
Is your project Optimism Native?:
No its multi-chain, but the cashback as described is inactive on all other chains and can be only activated on chains with enough liquidity. This is why we request the grant.
Confirmations
I understand that I will be required to provide additional KYC information to the Optimism Foundation to receive this grant: YES
I understand that I will be expected to following the public grant reporting requirements outlined here: YES
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