#699 Listing Smartcash on Africa's cryptocurrency exchange (Golix) | A software development proposal

By tkembo

Summary

I am the founder and CEO of Golix. At Golix, we are committed to being the leading cryptocurrency exchange in Africa and we have achieved a lot in our short history. We have operations in 7 African countries, namely, Zimbabwe, Uganda, Tanzania, Rwanda, Kenya, Cameroon and South Africa. We allow cryptocurrency to fiat conversions in those 7 countries that operate in and in terms of geographic reach and presence, Golix is Africa’s leading cryptocurrency exchange. Golix was born out of the frustration from an inability to make online and/or cross-border payments. The cryptocurrency exchange therefore exists to give every person in Africa Financial Autonomy which aligns well with Smartcash values of community, growth and inclusion.

Description

The compensation that Golix seeks will primarily be used to pay for the man hours required for full wallet integration. Most of our development team is based in Zimbabwe and South Africa but we employ the best people we can find on the continent who come from the leading companies in Africa. We therefore pay competitive salaries. Because we have top talent, we are confident we can make a significant enhancement on the UX for someone looking to buy and/or use Smartcash in any of the current markets we operate in as well as the future markets we are going to grow to.

The man hour cost of the integration is significantly higher than what we are asking for - we are going to cover the bulk of the cost ourselves because we really like Smartcash. But we think it will be really awesome if we can get some support from this community.
We have designed our hot and cold storage wallets to provide the highest level of security for all the 7 cryptocurrency projects we have listed today and this proposal outlines a patch of buildup and integration for Smartcash support within Golix’s expensive production offering.

Integrating with Golix will make it substantially easier for for anyone in any one of the seven countries that we operate in to buy and/or sell cryptocurrency with the local fiat. Our platform has processed over US $8 millon in cryptocurrency transactions to date and our throughout our existence (we have been live since September 2015) our volume has doubled every 3 months. We now also have more than 60 thousand customers (and we're growing). We have also been fortunate to get a number of press mentions in almost all of the major publications over the years. My favorite ones are these ones:

Besides the exchange, we also have a wallet service so another problem we solve is custodial services for customers who cannot store their cryptocurrency themselves.
Our API is used by tens of thousands of people (either directly or indirectly) not just in Africa, but all over the world. We also have a full time technical team ready to help onboard any new customers and that would like to programmatically integrate with Smartcash either via our API or directly to a Smartnode.


The compensation is divided into installments upon delivery of key milestones that we break down in the milestones section below.

I also want to thank the following Smartcash Ambasadors for their feedback on the preprosal I shared in the forum (you helped make this proposal better):

Categories

Technology

Milestones

Date Amount (US$) Amount (Σ) Description Status
October 07, 2018 480.00 28,544.09 * Setting up full nodes for both testnet and mainnet -
October 10, 2018 360.00 21,408.06 * Resilience & fault tolerance - here we make sure our nodes never go down. We want to have as close to 100% uptime as possible even if we get things like DDos attacks, an unexpected spike in user growth or the blockchain gets so busy that our nodes take too long to sync. -
October 14, 2018 600.00 35,680.11 * Hot & Cold Wallet Procedures - even though the blockchain is similar to bitcoin, the cold/hot wallet procedures will be very different because we won't be able to use the same multisig and hardware wallet support we use for BTC. We have to develop new ones. -
October 21, 2018 840.00 49,952.15 * API routes & API integration -
October 22, 2018 120.00 7,136.02 * wallet integration -
October 23, 2018 120.00 7,136.02 * Integration against each fiat pair in 7 countries -
October 23, 2018 120.00 7,136.02 * Integration against USDT -
October 28, 2018 600.00 35,680.11 * Smartcash Deposits/Withdrawals -
October 29, 2018 240.00 14,272.04 * Smartcash fee and fee estimation implementation -
October 30, 2018 1,200.00 71,360.22 * Explorer & Market Data - we're building our own implementation of an explorer and then opensourcing it. -
November 01, 2018 240.00 14,272.04 * Integration Testing on Testnet -
November 03, 2018 240.00 14,272.04 * Full testing on testnet -
November 04, 2018 120.00 7,136.02 * Deployment on mainnet -
* Estimated

Requested Amount

  • Total USD: 5,280.00
  • Estimated SMART: 313,984.95
  • Estimated BTC: 1.60760293

Schedule

  • Created Date: Tuesday, October 2, 2018
  • Voting Deadline: Saturday, October 20, 2018 23:46:00 UTC
  • Payment Date: Payments will be made in accordance with the delivered milestones

Status

  • Not Funded

Votes

9.54%
Yes (4,798,629.72)
89.13%
No (44,815,214.87)
1.33%
Abstain (668,201.15)

Voting Audit

Address Voting Power Vote Is Valid

Proposal Audit

Date Description Yes No
2018-10-03 00:30:44 Proposal created. Waiting for approval. -
2018-10-06 23:45:32 Open voting. Deadline up to 2018-10-20 23:45:32. (slpin1) -
2018-10-19 23:47:41 Last 24 hours of the vote. Σ 3940069.60907 Σ 44600911.65475
2018-10-20 23:47:40 Voting closed. Status: Not Funded. -

Comments

  • smartcash.ru 10/07/2018 09:50

    What an idiotic proposal? Are you not ashamed to ask for money for your product? 1. On your exchange there are no volumes. 2. You are not even on the coinmarketcap. 3. On the main page, remove the code errors (F12). 4. Without logging in, I got to the account page through the calculator section. You have a seriously very bad program product. I am more than confident that the data of 5 thousand dollars will be wasted to the wind. Why did you not immediately put up a proposal so that the community bought you a lambo ???