Atom Accelerator DAO (AADAO) Grant Announcement Card - in Blank
Team: Luis Quezada
Amount Asked: $450,000
Status: Rejected

Atom/Cosmos Remittances

This page's content is auto-generated from the grant application based on the content the applicant gave consent to share. Since this application is still pending review or was rejected, the Atom Accelerator DAO is not endorsing or otherwise indicating support for this project. This page has been made public as part of our commitment to transparency

The goal is to create a consumer chain without a token whose only focus is to send and receive remittances from the US to Guatemala initially but to expand to other central-american countries later. Remittance volume to Guatemala alone is above $1.5billion per month and presents high expenditures to immigrants sending their money back home. We want to enable easy onramp with other products like Kado and facilitate the off-ramp process with local banks. The project would have its own mobile application and wouldn’t use crypto and web-3 as its main selling point, it would focus on ease of use, simplicity and low fees to send money. However, ATOM as a technology would be shared for users that want more information.

Team: Luis Quezada
Current Status: Rejected
Funding Program: Regular Grants
Funding Category: ATOM Zone build-out

Amount Requested: Amount in their initial application, or for RFPs, their first quote or that of the nearest competitor $450,000

Date Applied: Mar 17, 2023
Date Rejected: Generally includes time spent doing interviews, rescoping or amending the application, and due diligence Apr 06, 2023 (2 weeks)

Latest Approved Funding

Huginn: ATOM Community Activation in Istanbul
In Progress

Huginn: ATOM Community Activation in Istanbul

Team: Huginn Tech
Approved: Dec 10, 2024
Amount: $16,000
CosmWasm Development and Maintenance 2025
In Progress

CosmWasm Development and Maintenance 2025

Team: Confio
Approved: Dec 10, 2024
Amount: $250,000
Zellic: Security Audits for the Cosmos Hub
In Progress

Zellic: Security Audits for the Cosmos Hub

Team: Zellic
Approved: Dec 03, 2024
Amount: $440,000
ATOM Interchain Insights: Comprehensive TVL & Flow Analytics for ATOM
In Progress

ATOM Interchain Insights: Comprehensive TVL & Flow Analytics for ATOM

Team: Map of Zones
Approved: Nov 27, 2024
Amount: $91,200