Shayyyn
Team bio
The team currently consists of 3 full-time members, including 1 developer and 2 individuals with business backgrounds.
Additionally, we have 2 freelance full-stack developers working under the supervision of our CTO, bringing the total number of developers on the project to 3.
1- Antoine LIEBER : CEO
At just 20, Antoine is a serial entrepreneur constantly on the lookout for new ideas and interesting projects to take on. He joined the web3 ecosystem 2 years ago, working on various NFT projects and a P2E, in partnership with well-known blockchains, in particular FluxLabs and Near. He now wants to embark on a project more focused on DeFi, by launching Eascrow in the hope of bringing something new and useful to the Soroban blockchain.
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2- Matteo ANTONI : CCO
He has worked on numerous projects and has been involved in the web3 ecosystem for 2 years now. At just 17, this young talent has managed to stand out from the crowd with his skills in both 3D and 2D. Having worked on a number of successful NFT projects with Antoine, he has now decided to follow him on this new DeFi project in search of new experience and knowledge. Matteo is in charge of all the graphic aspects of the project.
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3- Yassine SMARA : CTO
A 23-year-old developer deeply passionate about blockchain since the age of 16. Actively involved in numerous projects across diverse blockchains such as Ethereum, Avalanche, Solana, Elrond, etc. Contributed to significant endeavors like Sharky.fi and lesser-known initiatives. Demonstrates expertise in varied domains, ranging from DeFi to P2E and statistical/analytical tools.
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4- Dylan LAGACHE : Advisor
He has worked as a consultant for small and medium-sized businesses in marketing, communication, and business development strategy, as well as a trainer in negotiation and sales management. With a master's degree in digital economics and a passion for new technologies, he quickly became interested in decentralized finance and blockchain technology when they first took off. Today, he holds the position of Product Owner, while focusing on the new technologies and opportunities offered by web3.
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Product & Architecture
What the Product Is:
Eascrow is an innovative web3 escrow service that harnesses the power of Soroban smart contracts to streamline and secure online transactions. It acts as a trusted intermediary, ensuring that funds are safely held and released according to the terms agreed upon by the involved parties. This service is essential for various financial dealings, ranging from material goods trade to freelance services.
What Problems It Solves, How It Solves Them, and the Audience It Serves:
The Problem: Traditional online transactions often face challenges like fraud, disputes over contract terms, and inefficiencies in fund transfer, especially in international settings. These issues erode trust and complicate the transaction process.
Solutions by Audience:
- For Individuals and Businesses in Material Goods Trade: Eascrow reduces fraud risk by securely holding funds until confirmation of goods' delivery and satisfaction is received. This streamlines the transaction process, providing assurance to both buyers and sellers.
- For Freelancers and Employers: It ensures secure and streamlined payment for services, holding funds until the completion of agreed work. This simplifies the payment process and offers peace of mind to both parties.
- For International Transactions: Eascrow simplifies and secures cross-border transactions using Soroban smart contracts. It streamlines compliance with international regulations, handling complexities like currency exchange and legal requirements.
Benefits of Eascrow:
- Enhanced Security: Significantly reduces the risk of fraud and default in transactions.
- Streamlined Process: Simplifies and accelerates the transaction process, from initiation to fund release.
- Transparency and Trust: Soroban smart contracts provide a clear, immutable record of terms, fostering trust among parties.
- Ease of Use: User-friendly for all parties involved, regardless of their technical know-how.
How It Works and Its Use of Soroban:
Eascrow leverages Soroban to automate and streamline the escrow process through smart contracts. These contracts clearly define the terms of transactions and hold funds securely until conditions are met. The use of Soroban ensures a transparent, immutable, and efficient process, making complex financial transactions secure and user-friendly. This integration not only enhances security but also significantly speeds up the entire transaction lifecycle, making Eascrow an ideal solution for a wide range of online financial interactions.
For more in-depth information about Eascrow's technical architecture and how it utilizes Soroban to streamline transactions, please refer to the accompanying architecture document.
Technical Architecture Doc
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Deliverables List
1) Smart Contract Framework Development
- Description: Develop a comprehensive smart contract framework for Eascrow. This framework forms the backbone of the escrow service, handling transaction initiation, management, dispute resolution, and secure fund distribution.
- Completion Measurement: A fully developed and documented smart contract framework, ready for deployment and integration.
- Estimated Completion Date: February 7, 2024.
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Budget: $18900
2) Front-End Development of Eascrow Platform
- Description: Design and develop the front-end of the Eascrow platform. This includes creating a user-friendly interface that allows users to easily manage their escrow transactions, view transaction history, and access customer support.
- Completion Measurement: A fully functional and tested front-end interface that delivers a seamless and intuitive user experience.
- Estimated Completion Date: February 21, 2024.
- Budget: $12500
3) Integration of Smart Contracts with the Front-End
- Description: Seamlessly integrate the developed smart contract framework (backend) with the front-end platform. This milestone focuses on ensuring smooth interaction between the user interface and the underlying blockchain infrastructure.
- Completion Measurement: A fully integrated system where front-end actions are effectively executed and recorded on the blockchain through the smart contracts.
- Estimated Completion Date: March 7, 2024.
- Budget: $13000
4) Public Beta Launch and User Feedback Integration
- Description: Launch a public beta version of the Eascrow platform. This phase is crucial for real-world testing, gathering users feedback, and identifying areas for improvement. The goal is to improve the UX.
- Completion Measurement: Successful deployment of the beta version, collection of user feedback, and subsequent analysis and integration of this feedback into the platform.
- Estimated Completion Date: March 21, 2024.
- Budget: $4500
Requested Budget in USD ($)
Total Expected Roadmap
I. Initial Development and Launch - January 21th, 2023, to March 21, 2024
- Focus: Develop and finalize the Eascrow platform with both essential and sophisticated features for secure and efficient escrow transactions.
- Total Needed: $48,900 allocated for expedited development to ensure timely completion.
- Product Launch: Strategically timed to align with key developments in the Soroban ecosystem (close to mainnet), maximizing Eascrow's initial impact and adoption among users who require trusted escrow services.
II. Post-Launch and Business Model Activation - March to April 2024
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Business Model Implementation:
- Introduction of a modest 0.5% transaction fee on Eascrow services.
- Explore subscription models for advanced features and priority support.
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Marketing Initiatives:
- Targeted Marketing: Implement a comprehensive post-launch marketing campaign to increase user acquisition and enhance market presence. Mostly done through SEO, Content Marketing and Social Media Engagement.
- Ecosystem Collaborations: Forge partnerships within the Soroban ecosystem, offering Eascrow's services to other projects and thereby increasing visibility and integration within the ecosystem. This collaborative approach is intended to demonstrate Eascrow’s utility and foster community support.
III. Expansion and Community Engagement - May to July 2024
- Market Penetration: Use case studies and user testimonials to broaden the customer base and showcase real-world applications of Eascrow.
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Community Building:
- Establish a dedicated community for users, providing platforms for feedback, discussions, and collaborative improvement.
- Host educational webinars and workshops to increase understanding and effective use of Eascrow.
IV. Ongoing Development and Long-Term Sustainability - August 2024 Onward
- Platform Enhancement: Regularly release updates to the Eascrow platform, focusing on improving functionality, user experience, and integration capabilities.
- Sustainability Efforts: Continuously reinvest a portion of the revenue into further development, innovation, and contributions to the Soroban ecosystem. This includes exploring opportunities for additional funding sources, such as partnerships and venture capital.