Onramp.Money - Fiat to Cyrpto
SCF #22 Activation Award Payments $150,000 View in SCF
Buy & Sell 300+ Crypto with 10+ Fiat currencies, with bank transfers & local payment method. Secure, Lowest Fees & Fully Compliant
Team

OnrampMoney

Product & Architecture

In 2022 over 3 trillion USD worth of fiat to crypto payments took place. Onramp.Money simplifies that. 
 

What does onramp do for a user: Get crypto for his fiat within *60 seconds* into any platform of their choice. Or fiat for his crypto 
 

Markets: Live in India, Turkey, UAE, Mexico, Vietnam, Indonesia, Nigeria, Europe  UK, Chile Colombia Peru, Brazil, South Africa  with local instant payment methods. 
 

Crossed 100k transacting users and over 20 million USD worth of transactions within 6 months 
 

Integrated with MetaMask, Bybit, Bitget, MetaMask and 100+ clients
 

Live with Metamask, Ledger, Onramper and more. 
https://consensys.net/blog/press-release/consensys-and-onramp-money-join-forces-to-empower-indian-users-with-easy-access-to-crypto-directly-in-metamask/

Onramp is building the money lego of the future. Onramp and offramp use XLM as a value movement layer. The tech architecture in next question explains how it would work. Our aim is to create a mesh of all instant payment methods across all important emerging and developed markets and XLM acts as the value movement layer and we fulfil the onramp and offramp legs. 

So a person from Argentina wants to send money to a person in India it would happen within 60 seconds. 

This is how the flow would look like.  

We already have XLM available to but via Onramp Money with INR. - https://onramp.money/xlm

Deliverables List

Applying for activation award

The deliverable would be adding 
  • Direct buying/selling of XLM via onramp and offramp across INR and 5 other currencies currencies (TRY AED EUR IDR) [ Timeline: Dec 10 2023]  https://onramp.money/xlm/
  • USDC on XLM via INR [ Timeline: Dec 25 2023] 
  • USDC on XLM via INR and 5 other currencies ( TRY AED EUR IDR)  [ Timeline: Dec 25 2023]

Total Expected Roadmap

  • Direct buying/selling of XLM via onramp and offramp across INR and 5 other currencies currencies (TRY AED EUR IDR) [ Timeline: Dec 10 2023]  https://onramp.money/xlm/ 
  • USDC on XLM via INR [ Timeline: Dec 25 2023] 
  • USDC on XLM via INR and 5 other currencies ( TRY AED EUR IDR)  [ Timeline: Dec 25 2023] 
  • Resources to be deployed for Soroban integration 
     

    Milestone #1  - Growth of New Users in other regions & Stellar ecosystem integrations 

    Deliverables: Marketing campaign launch, online events, and other Go-to-Market plans

    KPI Goals: 1000+ transactions in Nigeria, Indonesia, Vietnam, UAE, Turkey, Europe, UK, LATAM for XLM & USDC on XLM

    Current Progress: 100+ daily active transacting users on XLM

    Dapps integration: 150+ Including all chains

    KPI goals: 250 integrations

    How you measure your milestone/KPI progress: internal dashboards

    Expected Date of Achievement: 30 December 2023

    Upon Achievement: 50% of total budget 

     

    Milestone #2 - Growth of New Users

    Deliverables Marketing campaign launch, online events, and other Go-to-Market plans

    KPI Goals: 5000 Monthly Active Users

    How you measure your milestone/KPI progress: Internal dashboard

    Expected Date of Achievement: March, 2024

    Upon Achievement:  50% total budget


     

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Technical Architecture Doc

https://docs.google.com/drawings/d/1clJ4sFh-YEuIQX8Xu-pQUrYULAdAQ_eMI7XjzL3aw4E/edit?usp=sharing

Project URL

https://onramp.money/

Code URL

https://docs.onramp.money/onramp/

Video URL

https://www.youtube.com/@onrampmoney

Pitch Deck URL

https://docsend.com/view/jb3jiyn32vheqzpx

Existing, Significant and Active Userbase?

Crossed 100k transacting users and over 20 million USD worth of transactions within 6 months 

We have 100+ daily users transacting on Onramp Money for Stellar (XLM)

Project Categories

Project Type [If End-User Applications]

Other Chain Description

Arbitrum, Binance Smart Chain, Linea, Manta Network, Polygon, Zilliqa, Avalanche, Optimism, Mantle, Algorand, Ethereum, Stellar

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Requested Budget in USD ($)

150000

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Team bio

Exceptional tech and product team operating from the silicon valley of the east bangalore with experience building products that have scaled to 10s of millions of users and revenue. 7+ years in crypto and have built decentralised products that have scaled to 100 million TVL

 

Gaurav Dahake - Founder of Leading exchange from India - Bitbns. Built numerous entities that scaled to 10s of millions of users and revenue - https://www.linkedin.com/in/gauravdahake/

 

Prashant Singh - Built India’s leading crypto exchange Bitbns in 21 days. Top-coder from IIT KGP. Ex-Flipkart. https://www.linkedin.com/in/atiprashant/

 

Srikanth- Anything from design to front end Srikanth is the person for it. Exceptional knack for security and speed
 

Chandan Kumar - Chandan is all things numbers and growth. Chandan envisioned the world’s first bitcoin DCA product Bitdroplet - https://www.linkedin.com/in/chandankr/