Cosmos Hub Grant deployed by Atom Accelerator DAO (AADAO) to Kado Money for Kado Money: Direct Fiat Onboarding for the AEZ
Amount Approved: $80,000
Status: Complete

Kado Money: Direct Fiat Onboarding for the AEZ

As more Consumer Chains launch, it has become apparent that the Atom Economic Zone (AEZ) is in need of a streamlined platform for one-click fiat onboarding to stATOM, ATOM, and USDC on Noble across AEZ chains. To address this, AADAO has awarded an $80,000 grant to Kado Money.

Kado, a highly professional and knowledgeable Cosmos-native team with exceptional UX design for fiat onboarding, will provide one-click fiat onboarding to stATOM, ATOM, and USDC on Noble across AEZ chains. This initiative includes creating educational content about ATOM to enhance user understanding and engagement.

The goal of this grant is to enable a flourishing AEZ ecosystem and drive value accrual for ATOM. By streamlining the user and capital onboarding process directly to Consumer Chain applications, this grant will drive activity and value back to the Hub.

This aims to attract more users, onboard more capital, increase AEZ on-chain activity, and therefore entice more builders to develop within the AEZ, creating a positive feedback loop. Additionally, as ATOM potentially becomes the gas token of the AEZ, users will need the ability to easily top up their wallets with ATOM from fiat, increasing buying pressure for ATOM.

By funding Kado Money, we aim to provide the AEZ with essential infrastructure for fiat onboarding, driving growth, and ensuring a seamless user experience within the ecosystem.

About Kado Money
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Kado empowers customers, businesses, and builders to access the world of crypto, making it easy to convert fiat to crypto using various payment methods.

Team: Kado Money
Current Status: Complete
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 $100,000
Amount Approved: $80,000 (80%)
Amount Paid: $80,000 (100%)

Date Applied: Aug 10, 2023
Date Approved: Generally includes time spent doing interviews, rescoping or amending the application, and due diligence Nov 08, 2023 (12 weeks)

Payments Made: View the DAO DAO prop on our Grants Wallet or Mintscan of the transaction $40,000 (Nov'23) $30,000 (Mar'24) $10,000 (Aug'24)

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