Community On-Chain Trading for NEO Ecosystem

[grantshares-dapp]

Abstract

SmartWhales builds an on-chain copy-trading platform to allow investors to follow the smartest DEX traders and invest together with the most profitable Crypto Funds. We utilize multiple chains (e.g. Optimism, Arbitrum, BSC) to capture the most profitable wallets and “mirror” their trades to capture most of the market potential. Our decentralized infrastructure allows users to take gains at any time and hold funds in their wallets.

Proposal Information

Description

SmartWhales builds an on-chain copy-trading platform to allow investors to follow the smartest DEX traders and invest together with the most profitable Crypto Funds. We utilize multiple chains (e.g. Optimism, Arbitrum, BSC) to capture the most profitable wallets and “mirror” their trades to capture most of the market potential. Our decentralized infrastructure allows users to take gains at any time and hold funds in their wallets.

Our MVP launch is scheduled for November 2023 on NEO. Our goal is to bring on-chain trading to NEO Ecosystem which will be the main narrative in the upcoming bull run. To bring substantial volumes to N3 we integrate Flamingo Finance to route all trades via this DEX, NEO Name Services, File Storage and Native Oracle for Pricing.

Motivation

We have been observing the development of NEO since 2019 and we are impressed to see N3 growing and offering oracles, DEXs for token swaps and NEO Name services. Given the wide range of use cases NEO can offer, we see this ecosystem as the best one-stop shop for on-chain copy trading.

Goals

Our main goal is to become no.1 Dapp for on-chain traders in the NEO Ecosystem by bringing the best traders in the ecosystem.

We've created an on-chain affiliate system tailored for traders. All our users have the opportunity to establish their personal vaults or invite friends, allowing them to earn a percentage from the fees generated through their unique links or vaults. Our system comprises 3 distinct tier levels, wherein the rewards increase based on the Total Value Locked (TVL) they bring in and the number of users they refer.

Our goal is to create a trading platform where its' users become contributors and creators by allowing them to create their own vaults and collect fee %.

Deliverables & Roadmap

Specify deliverables in detail, including the following info for each:

The launch of MVP on N3 - November 2023

• Total Estimated Duration: 2 months
• Full-Time Equivalent (FTE): 3
• Total Budget: 1500 NEO

Audit of Smart Contracts on NEO - November 2023

• Total Estimated Duration: 1 month
• Full-Time Equivalent (FTE): 1
• Total Budget: 800 NE0

The launch of the Affiliate System on N3 - January 2024

• Total Estimated Duration: 1 month
• Full-Time Equivalent (FTE): 1
• Total Budget: 1400 NEO

Deliverables Verifiability

We will provide an audit report and MVP to test before the public launch so the community can make an assessment.

Budget Plan

Our total budget for MVP Launch is 25000 USD.

Below, there is a budget breakdown:

Audit - 8,000 USD

MVP Launch on NEO - 10,000 USD

Affiliate System On-Chain Development - 7,000 USD

About You / Your Organization

• Individual/Entity Name: SmartWhales
• Website: https://www.smartwhales.ai/
• GitHub Organization (if applicable): smartwhales

Short-Bio

1. Benjamin:
   Benjamin boasts 15 years of software development experience, with a significant stint in Crypto Valley, Switzerland, during the ICO craze of 2017-2018. He plays a pivotal role in shaping our tech organization's focus on delivering top-notch, high-performance applications. Proficient in multiple programming languages such as Ruby, Python, JavaScript, and Bash, as well as frameworks like Rails, Angular, and Laravel, he leads our team of blockchain developers.
2. Anna:
   Anna is a passionate trading enthusiast with a deep involvement in crypto since the ICO surge of 2017-2018. Her professional journey intertwines data science and finance, with roots at the Copenhagen Business School. While she began her corporate voyage in finance at a Nasdaq100 company, her trajectory shifted towards tech sales and business development, where she contributed her expertise to a range of startups across Scandinavia.
3. Samuel:
   Samuel embarked on his crypto journey in 2017, initially exploring the captivating world of cryptocurrency investments. However, it was during the DeFi summer of 2020 that he discovered his true calling. Immersing himself in Ethereum-based borrowing and lending protocols, Samuel emerged as an early advocate of the DeFi movement.
   Recognizing a pivotal market need in 2021—a user-friendly yield generation platform automating the intricacies of DeFi 2.0—Samuel embarked on a mission to bridge this gap. His vision led to the creation of a solution empowering investors to harness DeFi's full potential effortlessly.

Portfolio of Projects / Past Experience

One of our co-founders developed hotel management software a couple of years back and had a successful exit. We have also worked as advisors with several DeFi projects and have been working for series of years as Business Developers in Centralised Exchanges.

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Proposal Info 📋

• Proposal Type: request-for-funding

• Amount Requested: 3700

• Token: 0xef4073a0f2b305a38ec4050e4d3d28bc40ea63f5 (NEO)

• Receiver Address: NSUTnH9XycX1vq11aGmaXWWdFrTF2XGzXL (0x4a7fd51c248f5382f9ab2be61331ded381eff547)

• Created by: @metavaults 🚀

• Raw Intents: 👀

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  "method" : "releaseTokens",
  "params" : [ {
    "type" : "Hash160",
    "value" : "ef4073a0f2b305a38ec4050e4d3d28bc40ea63f5"
  }, {
    "type" : "Hash160",
    "value" : "4a7fd51c248f5382f9ab2be61331ded381eff547"
  }, {
    "type" : "Integer",
    "value" : "3700"
  } ],
  "call_flags" : 15
} ]

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👇 React with 👍 if you liked it, or 👎 if you think this proposal can be enhanced!

[deanragnarok]

Hi @metavaults - Thanks for the proposal. Has SmartWhales launched on any of your other supported chains yet? I'd be interested to see a demo video.

[DylanNNT]

I'd be curious to learn a little more about how the service plans to integrate with the ecosystem's prominent non-custodial exchanges: Forthewin Network and Flamingo Finance?

Are there other features on the roadmap, such as CSV exports for trades (when it comes time to do taxes)?

[denissuslov]

Hi @metavaults following up on this

[grantshares-dapp]

🚨 This proposal was edited by the proposer.