metadata: {"signature": "0x18d1bd9636fd3489df87a298a14db5efdd4dcd586294c7ac19d031c0aa537ad4182d3d67f752560b2a8d53e34202221f7085fa1520227e96305cb48ed3520d141b", "application": {"round": "0x6142eedc06d80f3b362ce43b4ac52fad679dc850", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "ig8tnBu8VcQ5w1sAMBRZfx0eMgSTy1vmFgEVDkp6NpZc8+JcdU7iIVZCqggeSLto", "encryptedSymmetricKey": "159063a405525ecb69c38c678110a5dde8cb56c0855250b0cb056b93b89aa14e06d28ea56a0a4b907672e65e97ac2819c05c4662e885474401bf9fc7920598feabbdcf5112fd9c86d4c50c938d68835ebe4bf20c03a18d4632054eb80a12f8b66eb8c4e8897ad1b827e8c4a7cf13a3a02c2cb18a795bada7e28a344adf88479a00000000000000200849b1ae9f5b57c82ca1d5bd6e34ccdc2bb81e01646f8cfe6443ef539412483cf41396038621bd81bf2ad3d4c44f0f81"}}, {"type": "paragraph", "answer": "In the first quarter of 2024, we aim to launch the MVP version of Midcontract, a platform that fully integrates the unique capabilities of blockchain technology, allowing users to seamlessly transfer their existing contracts to our ecosystem. \n\nThis grant from Uniswap-Arbitrum is much more than financial support for us; it symbolizes a strategic partnership and the foundation for a long-term relationship. By receiving this grant, we are not only able to accelerate the development process, enhancing both the speed and quality of our product, but also establish Arbitrum as the key blockchain on which Midcontract will be built and released.\n\nFor us, this grant represents a crucial step towards realizing our vision on the Arbitrum platform. It's not just an investment in our technology; it's a vote of confidence in our strategic direction and a key enabler in positioning Midcontract as a frontrunner in the blockchain-based freelance market.", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "150000", "hidden": true, "question": "Amount requested (in $)", "questionId": 2}, {"type": "dropdown", "answer": "ARB", "hidden": true, "question": "Payout token", "questionId": 3}, {"type": "short-answer", "answer": "With the funding, we plan to expand our team, ensuring more robust and effective product development and support. This expansion allows for comprehensive smart-contract audits and the meticulous creation of our tokenomics and multi-level marketing systems, culminating in the release of a superior and more sophisticated product. Moreover, the grant will enable us to allocate substantial resources towards targeted marketing efforts and educational programs about the Arbitrum blockchain, which is crucial as many in our target audience are yet to fully engage with the blockchain ecosystem.", "hidden": true, "question": "How do you account for this fund request?", "questionId": 4}, {"type": "paragraph", "answer": "Here's the detailed plan: https://docs.google.com/document/d/1IuirUdoMxTLSYPIRBDlVKLw012ESJdFulxixIlg8d7U/edit?usp=sharing", "hidden": false, "question": "How will you use these funds? Please make a detailed plan for expenditures.", "questionId": 5}, {"type": "dropdown", "answer": "Uniswap on Arbitrum Ecosystem tools or products", "hidden": false, "question": "Which RFP is this project covering? ", "questionId": 6}, {"type": "short-answer", "answer": "Each blockchain contract on our platform will primarily accept stablecoins as payment. We plan to recommend Uniswap as the main place to purchase stablecoins and other currencies, as well as implement integration with Uniswap contracts in order to simplify the UX for the user", "hidden": false, "question": "How do you think this project fits in with Uniswap?", "questionId": 7}, {"type": "paragraph", "answer": "We're to contribute to the growing trust of using DEX, bringing the extensive user traffic and habit forming of the product. ", "hidden": false, "question": "What benefits will this project bring to Uniswap in the Arbitrum ecosystem?", "questionId": 8}, {"type": "short-answer", "answer": "Not yet, but we have a pre-agreement with Hacken as a partner ", "hidden": true, "question": "Has this project undergone a security audit? If not, are you planning to undergo it?", "questionId": 9}, {"type": "short-answer", "answer": "Our plan is to open the source code of contracts that we will use to implement the escrow protocol, as well as an SDK for working with contracts. We will probably have an SDK for integration with our platform, which will also be open source. We can also open the implementation of a microservice that processes events in the blockchain.", "hidden": false, "question": "Is this project open-source? (If yes, share the repository link).", "questionId": 10}, {"type": "paragraph", "answer": "In our product, different engineers use the following stack: Solidity (hardhat, etc), TypeScript (react, nest.js), Microservices, Docker, GCP, PostgreSQL. Also, engineers are proficient in the following technologies, which are currently not yet involved in the implementation of the project: Rust, Golang, Machine Learning, Kubernetes (terraform, helm)", "hidden": true, "question": "What is the workflow chosen for this project? (You can mention development practices, tools, programming languages, etc.)", "questionId": 11}, {"type": "short-answer", "answer": "https://www.veed.io/view/33dfab83-3ca0-4077-b91c-0dabce54d422?panel=share", "hidden": true, "question": "Does this project have a demo? If yes, share a public link.", "questionId": 12}, {"type": "short-answer", "answer": "Our platform seamlessly integrates blockchain with traditional fiat systems, providing a versatile solution tailored to the diverse needs of the remote work ecosystem. This includes not only freelancers but also full-time remote employees and service delivery companies. With a focus on both blockchain and fiat transactions, our platform acts as an inclusive gateway for a wide audience, appealing to both seasoned crypto enthusiasts and newcomers to digital currencies. Our launch plan includes: - Multi-level marketing with revenue share - Contract migration programs and incentives for service delivery companies, and enterprise clients (from Upwork and Co) - Strategic business partnerships for the user base exchange (with Hubstaff, Magic, and more) - Ambassadors & custdev programs", "hidden": true, "question": "What is the target audience for this project? (Mention if there is a market launch plan).", "questionId": 13}, {"type": "paragraph", "answer": "Andrew Nikulin, Founder, CEO (Portugal) https://www.linkedin.com/in/anikulin/\n* A serial entrepreneur, angel investor, and startup advisor. Launched, scaled, and sold startups in the past.\n* 12 years in the IT industry, collaborating with startups, global brands, and enterprise-level businesses\n* Founder of AtlasApps, a TOP-1% software company in the world on Upwork.com, with the focus on custom-coded SaaS web apps\n\nOksana Omelchenko, Co-founder, CPO (Ukraine) https://www.linkedin.com/in/oksana-omelchenko/\n* 12 years in product development \n* 20+ successfully launched  products and solutions\n* 5 years with founder in AtlasApps\n* Business coach ACC ICF\n\nEster Shlain, Business development manager (Argentina) https://www.linkedin.com/in/esterseth/\n* Seasoned Business Developer with a strong foundation in Blockchain, AI and SaaS \n* A decade of strategic roles at Upwork, complemented by blockchain initiatives at big startups\n\nIlya Rogov, Senior Blockchain engineer (Slovakia) https://www.linkedin.com/in/ilyarsoftware/\n* 18 years in product development \n* 3+ years in the development of blockchain projects\n* Mentor and active participant in hackathons\n\nLara Skosyrskaia, Lead UX/UI designer (Uzbekistan) https://www.linkedin.com/in/lara-skosyrskaia/\n* Over 10 year of the commercial experience \n* Primary expertise lies in web-app design  \n* Worked with startups, market-places, crypto-projects, ecommerce , non-profit ect.\n* Hold a bachelor's degree in graphic design \n\nAndrii Potapov, Business Analyst, https://www.linkedin.com/in/andriipotapov/\n\nAlex Ramzhev, Blockchain engineer, https://www.linkedin.com/in/alex-r-b49236266/\n\nRoman Sirmanov, Front-end engineer, https://www.linkedin.com/in/roman-sirmanov/\n\nKarina Vaniuk, UI/UX desinger, https://www.linkedin.com/in/karina-vaniuk-9bab91222/\n\nArtem Strigkov, Back-end engineer, https://www.linkedin.com/in/artem-strizhkov-902771125/ \n\nTetyana Malashchuk, HR General, https://www.linkedin.com/in/tetyana-malashchuk-5033a9188/", "hidden": false, "question": "Who are the members of the team?", "questionId": 14}, {"type": "paragraph", "answer": "I have already done that in the previous question ", "hidden": true, "question": "Describe team members' experience and current roles for this project.", "questionId": 15}, {"type": "paragraph", "answer": "Here are the closest milestones:\nhttps://docs.google.com/document/d/1IuirUdoMxTLSYPIRBDlVKLw012ESJdFulxixIlg8d7U/edit?usp=sharing\n\nHere's a pitch deck with the grand roadmap for the whole year: https://drive.google.com/file/d/1KOdFOxA7SCa97OnrKzSrAvJ8UEOLgsIr/view?usp=sharing", "hidden": false, "question": "What are the Project Milestones? (Be very specific and write a roadmap highlighting critical deliverables of the project; mention how you will ensure to supervise and track them).", "questionId": 16}, {"type": "paragraph", "answer": "There's an ever-growing freelance market everywhere. 78% of all companies now use remote freelancers. E.g. 60 million Americans dipped into freelance work in 2022, making up 39% of the US 60 M workforce. \n\nYet, with such rapid growth, there's always a vast number of problems. 72% of freelancers used to have invoices, that had never been paid for by clients. 35% of service companies experience delayed payments yearly. \n\nAnd yet, freelance marketplaces continue to collect even higher fees for their services yearly both from freelancers and their clients, reaching 20% in commissions. \n\nWe will be the ONLY platform out there, offering full Escrow for all contract types, as well as fiat and crypto support, combined with the extreme speed of money flows within the contract (5x faster than Upwork, 8x faster than paper contracts). Additionally, we offer revenue share for every user, and low fees compared to marketplaces. \n", "hidden": false, "question": "How do you plan to reach these milestones? (Explain the project feasibility).", "questionId": 17}, {"type": "multiple-choice", "answer": "No", "hidden": true, "question": "Has this project already been funded by other Grant Programs?", "questionId": 18}, {"type": "checkbox", "answer": ["I confirm."], "hidden": true, "question": "I confirm that I have read the Code of Conduct and that I have filled out this form correctly and truthfully.", "questionId": 19}, {"type": "checkbox", "answer": ["I understand."], "hidden": true, "question": "I understand that I will be required to provide KYC information by the UAGP team in case my application is accepted.", "questionId": 20}, {"type": "short-answer", "answer": "Internal Blockchain Community recommendation", "hidden": true, "question": "How did you find out about UAGP?", "questionId": 21}, {"type": "paragraph", "answer": "Our first business is a well-established software development company with a track record of over 6 years in the freelance market. We've evolved as an agency, that operates primarily through Upwork, and other marketplaces. We've been able to grow our team to 75 members just on Upwork back then (then we've been heavily affected by the war in Ukraine, having most of the team there) \n\nAfter spending years in top freelance marketplaces, we intimately understand the pain points our product resolves.\n\nMidcontract was born from our first-hand experience and the common challenges faced in freelance market.\n\nWe also have a grand vision for our product for the current decade:\n\n- A lot of service companies and freelancers and their clients know that there's a great Escrow alternative to classic paper contracts with post-payment. Post-payment, as well as unsecured prepayment, means higher fraud risks, while most of the companies can't afford or don't want to go for a trial or pre-court procedures. \n\n- Freelancers and services companies have transferred most of their long-term contracts from marketplaces to our service. \n\n-We have at least 30% of contracts signed on a blockchain and paid in crypto in cross-border operations. \n\n- We insure 20% of all deals with our insurance service. \nWe run our lending services. \n\n- A vast number of service companies manage their freelance workforce and payrolls mainly through our platform, and a lot use crypto payments \n\n- We see an ever-emerging number of freelance unit teams, which use our DAO services to securely work on contracts, that require multiple independent professionals.  \n\n\n", "hidden": true, "question": "Additional information", "questionId": 22}, {"type": "short-answer", "answer": "None", "hidden": true, "question": "Special requests", "questionId": 23}], "project": {"id": "42161:0x73AB205af1476Dc22104A6B8b3d4c273B58C6E27:442", "title": "Midcontract ", "logoImg": "bafkreiai6edvoge7tsfuqxi2v3j6av5kzh2j7mc3yl5f4cm347bunrnu3y", "metaPtr": {"pointer": "bafkreibnsceye662jdqk7pcefk6f6tztyrdzom2xvq3nnuhljfmae4gv54", "protocol": "1"}, "website": "https://Midcontract.com", "bannerImg": "bafkreidwvah6x7zn5rvvje2733tjmta4srki4dfnvlkkdujvqblqyjfmli", "createdAt": 1705539241445, "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..uFqKLmfdjTs4eVcVeFh2amcEVdu6NGk9I53hRTVsI91-ZWrmg683D4I2HRFh85EEYUUti4GC06q5o16B3xpfAQ", "type": "Ed25519Signature2018", "created": "2024-01-18T00:42:14.001Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-01-18T00:42:14.001Z", "expirationDate": "2024-04-17T00:42:14.001Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x51122ec1b8E803f43F768CcEc4AC6FaC261a8eA6", "hash": "v0.0.0:raKG/33Y1nj1TYwFIUAGFZJ/Erom4XU+LOIAG1gCtiU=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#MidcontractCom"}}}, "description": "Midcontract isn't just another startup\u2014it's a passion project that's ready to rock the remote work market and every service company boat. We've got a killer team, a fresh approach, and the itch to remove every financial risk for freelancers, agencies, and their clients when making deals.\u00a0\u2028\n\nHere's the scoop:\n\u2028\n* What We Do:\u00a0We provide secure industry-grade contracts and transactions, where payments are split into incremental and upfront installments, as well as escrow in fiat and crypto\u2028\n\n* Why It Matters:\u00a0Regardless of how clients, freelancers, and service delivery companies conduct business, all parties face regular financial losses due to non-payments, delayed payments, and  ever-growing freelance marketplaces fees\u2028\n\n* What's Our Secret Sauce:\u00a0Our product at this stage is like Upwork without a marketplace. While our infrastructure looks, feels, and rides like Tesla, Upwork, Fiverr, and co will only suggest Daewoo Matiz at a price of 3 Teslas. \n\nWe\u2019re finally giving everyone a platform to transfer existing contracts from Upwork and co and stop paying absurdly high fees for years.\u00a0\u2028\n\nOur Escrow contracts are also a perfect alternative to classic paper contracts with post-payment. Post-payment, as well as unsecured prepayment, means higher fraud risks, while most of the companies can't afford or don't want to go for a trial or pre-court procedures. \n\nWe will be the only platform out there, offering full Escrow for all contract types, as well as fiat and crypto support, combined with the extreme speed of money flows within the contract (5x faster than Upwork, 8x faster than paper contract. Additionally, we offer revenue share for every user, and low fees compared to marketplaces. \n\n", "lastUpdated": 0, "projectTwitter": "MidcontractCom"}, "recipient": "0xb9902Afea3Fbd77a62e19D1aAB9E04494522672C"}}