#408 SmartCash Toshi Exchange Bot

By thebeehive

Summary

A Toshi powered bot that allows users to easily convert Ethereum to SmartCash and vice versa. This will make it easier for people to access SmartCash thus helping increasing the adoption rate.

Description

Hi Everyone!

When I started out with SmasrtCash I had some difficulty getting my hands on some and thus I would like to make the process of buying SMART just a little easier for some people.

My Proposal
I would like to create a Toshi powered bot that allows users to easily convert Ethereum to SmartCash and vice versa. This will make it easier for people to access SmartCash thus helping increasing the adoption rate.

What I Plan to Deliver:

  • A Toshi Bot that makes exchanges between SmartCash and Ethereum easy.
  • The bot will be published and working on the Toshi application(Android and IOS) within 2 weeks of my proposal has been accepted.

My Credentials:

  • I have a B.Sc in Computer Science and have been a full stack developer for about 6 years. 
  • I love the ideology behind SmartCash.

What I am looking for

Monetarily
About 70 hours of initial development, troubleshooting and setup. ($2500)
Minimum of 2 hours/week for 1 year ($200/month): 

  • engage with community. 
  • add additional features. 
  • keep the bot operational.
  • 20000 SMART to be split between Ethereum and SMART to enable exchanges to take place.

From you:

  • Help with testing. 
  • Your suggestions and feedback.

Example Usage

  • Open Toshi
  • Search or open the SmartCash Exchange Bot.
  • Exchange Ethereum to SmartCash message option.
    • Bot: Enter the SmartCash address you would like the SMART sent to.
    • User: Enters their SmartCash address.
    • Bot: How much SMART would you like to buy?
    • User: *xxx*
    • Bot: xxx SmartCash to equivalent to yyy Ethereum.
    • Bot: SmartCash Exchange Bot is requesting yyy Ethereum from you.
    • User: User Accepts*
    • Bot: I have sent xxx SmartCash to the address _____.
  • Exchange SmartCash to Ethereum message option
    • Bot: How much SmartCash would you like to sell?
    • User: Enters amount of SmartCash they would like to sell
    • Bot: xxx SMART is equivalent to yyy Ethereum. Do you accept exchange?
    • User: Yes
    • Bot: Send xxx SMART to the address _____
    • Bot: Once the SmartCash has been received I will send the equivalent Ethereum to you.
    • Bot: We have sent you yyy Ethereum.

FAQ:
Q: What if the Bot does not have enough SmartCash or Ethereum to make the exchange?
A: The bot will start off by having a Split of 10000 SMART and 10000 SMART worth of Ethereum. If all of the Ethereum is exchanged for SmartCash then the bot will only accept SmartCash to Ethereum exchanges and vice versa.

Q: Why can't you just go buy at an exchange?
A: You can but this makes the process a lot faster and easier for people who already have Toshi. 

Q: Is this a direct exchange?
A:Yes, it is like a direct exchange. This makes it so more people can access SmartCash. Possibly in the future I could turn it into something that resembles an actual exchange more closely.

Categories

Technology

Milestones

Date Amount (US$) Amount (Σ) Description Status
May 27, 2018 500.00 10,684.40 * Initial Setup and Development -
June 10, 2018 2,000.00 42,737.62 * Completion of Bot -
June 10, 2018 2,000.00 42,737.62 * Bot Starting Funds (Bot will always hold this) -
October 10, 2018 800.00 17,095.05 * Upkeep and Improvements 1 -
February 10, 2019 800.00 17,095.05 * Upkeep and Improvements 2 -
June 10, 2019 800.00 17,095.05 * Upkeep and Improvements 3 -
* Estimated

Requested Amount

  • Total USD: 6,900.00
  • Estimated SMART: 147,444.78
  • Estimated BTC: 1.06750018

Schedule

  • Created Date: Monday, May 14, 2018
  • Voting Deadline: Monday, May 28, 2018 18:25:00 UTC
  • Payment Date: Payments will be made in accordance with the delivered milestones

Status

  • Not Funded

Votes

21.52%
Yes (106630.015636439)
78.48%
No (388972.81126143)
0.00%
Abstain (0)

Voting Audit

Address Voting Power Vote Is Valid

Comments

  • seanbrodie 05/15/2018 09:58

    Toshi Product Lead @ Coinbase, Sid Coelho-Prabhu: Ethereal Summit 2018 https://www.youtube.com/watch?v=PBg9UTzwuds

  • thebeehive 05/15/2018 11:30

    Please note that $2000 of the requested funds will always be stored in the exchange bot.