TinqBlock
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Code URL
Video URL
Pitch Deck URL
Project Categories
Project Type [If End-User Applications]
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Product & Architecture
Product Overview
TinqFi is a digital assets wallet for Africans & unbanked nations with on/off ramping rails and USDC/EURC saving capabilities with advanced features to maximize every market cycle and retain full ownership and the true value of their idle assets. with the implementation/integration of Stellar blockchain/Soroban on completion of SCF #28, TinqFi is building a robust and secure digital assets wallet infrastructure on a reliable blockchain[Stellar] which will revolutionize the digital assets landscape across the African region(Nigeria, South Africa, Ghana and Kenya) making it seamless for web3/crypto enthusiast to save, invest, borrow and buy crypto
Service[1]: Instant Crypto Loans [Built on Blend Protocol] Powered by Soroban.
TinqFi instant crypto-backed loans will help users retain the true value of their idle assets for long-term holders to maintain their market positions and access instant liquidity to solve pressing needs. Users will have to have collateral assets in their wallet on TinqFi to enable them to access the instant crypto loan services.
How it works
- User deposits crypto to his wallet on TinqFi
- User select collateral assets and get instant liquidity of collateral in stellar-based USDC
- User repays loan [USDC] at the end of loan duration. collateral is instantly transferred back to the user's wallet.
Service[2]: Stellar-based wallet with multiple assets function
Integrating stellar wallet SDK into the TinqFi project will allow us to build a robust ecosystem around our wallet functions. users will have a stellar-based wallet on sign-up and will be able to deposit/withdraw assets meeting all stellar SEPs standards.
How it works
- User creates an account on TinqFi
- Our system creates a stellar wallet with multiple assets
- User can deposit/send/withdraw crypto using their wallet address
Service[3]: Savings
TinqFi save is a seamless service for Africans to hedge against high inflation rates rampaging the nations. due to poor economic decisions by most African leaders, investors/individuals within the continent constantly need a more secure and decentralized means of protecting their assets. TinqFi savings will enable users to save in [USDC/EURC] which is a more stable currency than their local fiat currencies and earn yield. it would be possible on TinqFi by Anchor Integration[LINK] to enable NGNC/USDC on/off ramping alongside Ghana [GHSC] and others which will come in as we scale.
How it works
- User sign-up and complete basic profile.
- Deposit funds NGNC/USDC [facilitated by LINK]
- Select a Fixed or Flexible saving Plan
- start accumulating yield.
Technical Architecture Doc
Project URL
Deliverables List
[Deliverable 1]
- Landing Page
- User onboarding/Authentication
- Email Service Integration
Brief description
Landing Page - This step includes development and deployment of our new and Improved Web application.
User onboarding/ Authentication - This step includes the Signup, Recover Account, Sign in, Change Password and Integrating Stellar Wallet SDK with SEP-0030.
Email Service Integration - Integrating with Brevo will enable us to verify user information during the onboarding, new device logins, and wallet activities .
How to measure completion
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Measuring the project completion will require us to meet and satisfy our seven(7) string approach which are:
Gathering customer feedback, ensuring budget compliance, meeting schedule development requirements, team satisfaction internal{TinqFi} & External[SCF], Establishment of effective communication channels with SCF, utilizing the right project traction methods making sure it a team effort[internal] and lastly using checklist and milestone to determine progress.
Estimated date of completion
3 weeks
Budget
$10,000
[Deliverable 2]
- Anchor Integrations(on/off ramp, KYC)
- KYC
- TinqFI Collateralized Loan services Development on Stellar
Brief description
Anchor Integrations(on/off ramp, KYC) - This will enable USD<>USDC deposits using LINK Services.
KYC - Customer verification using IdentityPass verification services.
TinqFI Collateralized Loan services Development - Provides users with services to get collateralized loans on their stellar account. Integrating SEP-0024,SEP-0012 & SEP-0010.
Estimated date of completion
2 weeks
Budget
$8,400
[Deliverable 3]
- TinqFI Savings Services Development
- TinqFI Admin Dashboard V1 development and deployment.
- Full system Testing
Brief description
TinqFI Savings Services Development - Provides user access to save into on chain stablecoin[USDC] and earn yield.
TinqFI Admin Dashboard V1 development and deployment.
System testing.
Estimated date of completion
3 weeks
Budget
$10,700
Requested Budget in USD ($)
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Public Entity Name
Entity Description
Team bio
Overview
TinqLab was founded in 2019 as a SaaS company led by Jerry Ifeanyi and Elijah Ifeanyi, the two visionary brothers have been an active voice in the African blockchain space for over a decade. TinqLab provides simple blockchain solutions and assists brands in digitizing various sectors. We have created a solid result-first strategy with the primary goal of providing users with a safe and frictionless experience. We are developing unique technologies to facilitate global DEFI adoption our first in-house solution {TinqFi}.
About Team
Elijah Ifeanyi: Co-Founder/CEO
Ifeanyi Elijah is the creative driving force behind TinqLab Technologies and TinqFi, overseeing fundraising, product development, and market expansion. Elijah brings more than ten years of expertise to his position as CEO, having worked in Fintech, web3, and User expertise Design for emerging technologies. His path began with a role in banking and the global Fintech environment and has included important roles at OTPPay, CloverFi, and developing TinqLab to new heights as Africa's largest Blockchain software firm. Elijah's distinct skill set, passion, and knowledge in financial inclusion make him an invaluable leader at TinqFi.
Linkedin:https://www.linkedin.com/in/elijah-ifeanyi/
Jerry Ifeanyi: Co-Founder/CTO
Jerry is the driving force behind TinqLab Technologies and TinqFi. As TinqLab Technologies' visionary CTO, Jerry has over 15 years of experience as a Full Stack software engineer, as well as 7 years working with Solidity and blockchains. Jerry handles everything from product development to managing over 20 engineers at TinqLab. He has extensive experience in fintech, web3, and the banking industry. Jerry's exceptional skill set, passion, and knowledge of the right technology and experience with Soroban & Stellar Blockchain make him an invaluable leader in the TinqFi project development life cycle.
Linkedin:https://www.linkedin.com/in/jerry-ifeanyi/
Blessing Ugbechie: Marketing and Communications Director
Blessing, a motivated young professional, has been with TinqLab for over three years, beginning as a marketing intern and progressing to a core team member. She now oversees all marketing efforts and channels, including digital design initiatives. Blessings' ability, devotion, and thorough understanding of the company's communication objectives make her an essential contributor to the TinqFi team.
Linkedin:https://www.linkedin.com/in/blessing-ugbechie-3187a4199/
Ifelola Oluwole: Product & Regional Business Development Manager.
Ifelola is TinqLab's versatile technical lead, having dedicated over three years to the product. He is in charge of TinqFi product development but his responsibilities have lately expanded to encompass product management and also regional business development. Ifelola's knowledge of the most recent mobile cross-platform technologies and tools is critical to TinqFi's ongoing product development.
Linkedin:https://www.linkedin.com/in/ifelola-oluwole/
Total Expected Roadmap
Total Expected Roadmap
Phase 1 Duration = 3 weeks Cost = $10,700
- Landing Page (Duration = 7days assigned to = Research & Development Team priority= High)
- User onboarding/Authentication (Duration = 9 days assigned to = Research & Development Team priority= High)
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Email Service Integration (Duration = 5 days assigned to = Development Team priority= High)
Phase 2 Duration = 2 weeks Cost = $8,400
- Anchor Integrations(on/off ramp) (Duration = 4days assigned to = Development Team priority= High)
- KYC (Duration = 5days assigned to = Development Team priority= High)
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TinqFI Collateralised Loan services Development on Stellar (Duration = 5days assigned to = Development Team priority= High)
Phase 3 Duration = 4 weeks Cost = $10,700
- TinqFI Savings Services Development (Duration = 9days assigned to = Development Team priority= High)
- TinqFI Admin Dashboard V1 development and deployment. (Duration = 14days assigned to = Development Team priority= High)
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Full system Testing (Duration = 5days assigned to = TinqFi Team priority= High)
Phase 4 . (Post SCF Fund)
Apply and activate AWS credit packages for early-stage startups.
Subscribe and activate all Third-party service for one year
Customer Acquisition: Hit 20,000 active users in the first year.
Source for additional funding to sustain the project.(Google Black founders, Outlier Ventures, Fuel Ventures, Expert Dojo, and any other suitable Venture capital we are currently in talks with.)
Develop and implement strategies to retain and gain customer trust.