Deliverable 1, Estimated date of completion: 12/3/2023, Budget: $4500, 200 estimated hours of work

• Implementation of Token smart contract with Soroban                     
• Measure Completion: Deployment on Futurenet Testnet

• Implementation of stream functionality for selected token with specified amount, duration, unlocking schedule, payable token
• Measure Completion: Deployment on Futurenet Testnet, Ability to create payment stream

• Implementation of verifiable stream functionality where receiver can claim payment after verifying "proof of work" from oracle (ex. payment after pushing commits to git repository and updating oracle)
• Measure Completion: Deployment on Futurenet Testnet, Payment stream starts after oracles receives merged git commit hash from git repository

• Implementation of claim tokens functionality
• Measure Completion: Deployment on Futurenet Testnet, Ability to claim tokens from the created stream​​​​​​​

• Implementation of token exchange functionality with Soroswap
• Measure Completion: Deployment on Futurenet Testnet, Receivers will be able to define in which token they will claim payments​​​​​​​

• ​​​Implementation of cancel stream functionality
• Measure Completion: Deployment on Futurenet Testnet, Stream creator will be able to close existing payment stream​​​​​​​

• ​​​​​​​​​​Integration tests
• Measure Completion: Deployment on Futurenet Testnet, Reviewers will be able to execute automated tests

Deliverable 2 (PoC application), Estimated date of completion: 12/24/2023, Budget: $39500, 600 estimated hours of work

• UI/UX designs of the PoC application
• Measure Completion: Review of the created Figma file

• Implementation of Web Application with support for mobile that will enable creation of Payment streams and claiming tokens
• Web integration with wallet via wallet connect SDK
• Web Integration with smart contracts created in Deliverable 1
• Measure Completion: Reviewers will be able to interact with deployed web application (VPN restricted access/password protection) through their wallets. Reviewers will be able to create payment streams, deposit tokens and claim tokens from the payment stream. Platform will be accessible via mobile and desktop devices.

Deliverable 3.1, Estimated date of completion: 1/31/2024, Budget: $22000, 377 estimated hours of work

• Integration with mainnet stablecoins (USDC/others)
• Measure Completion: Reviewers will be able to deposit supported stablecoins

• Enhancement of the smart contracts developed in Deliverable 1 
• UI/UX designs of the Landing page and enhanced web application features including user balances/ user history/ YIELD calculations
• Measure Completion: Reviewers will be able to interact with the platform to create payment streams 

• Implementation of Landing Page
• Measure Completion: Publicly available landing page with support for mobile and desktop devices

• Authentication system with wallet signatures
• Measure Completion: Reviewers will be able to sign-in into platform within wallet signatures

• CI/CD pipelines with staging/dev environments
• Measure Completion: Reviewers will be able to run CI/CD pipelines and verify created test environments

Deliverable 4.1, Estimated date of completion: 2/15/2024, Budget: $20000, 343 estimated hours of work

• FIAT gateway integration
• Measure Completion: Reviewers will be able to receive stream payments in FIAT currency

• Functionality of creating new on-chain accounts and depositing funds
• Address book functionality
• Measure Completion: Reviewers will be able to create new accounts, deposit tokens and add entries to address book

MoneyStream team greatly appreciates the feedback from the reviewers.

This was the feedback we were provided with:                                                                       Product & Ecosystem Value: Payroll is a growth area, and the USDC component of this build means that this platform could likely be used in multiple countries/regions across the globe.

Technical Architecture: Bank level security claimed, though not sure how this is achieved, more detail there would be great. However, the tech architecture is feasible, easy to follow, and seems like they are ready to build.

Deliverable & Budget: Without the number of hours it's difficult to gauge the budget in more detail.

Team & Experience: Long time crypto professional and entrepreneur, supported by Blocklabs (though not sure what capacity - are they sweat equity or other investors, vendors, or something else?)

Response to Feedback:   Technical Architecture: In our previous submission, we mention that Multi-Party Computation technology, on-chain monitoring, fraud detection, and insurance coverage will be used to protect and secure users. Along with these, other technologies, and the protection of the Stellar blockchain, we achieve bank-level security for MoneyStream. Further details can be found in the Technology Architecture document.

Deliverable & Budget: The estimated number of hours to complete deliverables is now included in the Deliverables List.

Team & Experience: BlockLabs dev team fulfills the CTO role of MoneyStream led by Tomasz and will receive pay and equity.

By incorporating and addressing the feedback from the reviewers, MoneyStream’s submission has improved and aligns better with the criteria.

MoneyStream Protocol is a full suite DeFi protocol built on Stellar Blockchain with Soroban smart contracts enabling money to be transferred, processed, and settled instantly and continuously in real-time. Holdings on MoneyStream accrue compounded yield automatically on the protocol level. MoneyStream Protocol brings a dynamic, composable primitive enabling capital efficiency and fluid money in DeFi and traditional finance.

MoneyStream App is initially focused on delivering the protocol’s technology through its Wallet and Streams products. The Wallet gives users a bank-level secure place to save, manage, and transfer money, enabling wallet-to-wallet interactions for peer-to-peer, cross-border, merchant, invoice, and payroll payments. The Streams product gives anyone the ability to set up automated, continuous money transfers for distribution and collection. 

MoneyStream fuses payroll data and payroll payments in a single web2.5 platform streamlining the payroll process. Employers can use MoneyStream’s automatic interest-bearing Wallet and Streams to perform payroll fully end-to-end. Once employee pay is calculated, information is verified, and the company’s payroll wallet is funded, a one-time or continuous USDC transfer can be initiated anytime to pay employees directly with MoneyStream in a wallet-to-wallet transaction. This enables businesses to run payroll autonomously, transparently, quickly and efficiently automating operations, removing intermediaries, and cutting costs significantly-  creating value in new ways for their workforce like giving employees the option to get paid out as work is completed in real-time.

MoneyStream reduces the current payroll processing time from days to seconds, minimizes expenses, eliminates human errors, maximizes working capital, and abstracts intermediaries from the payroll process, saving companies money, time, and resources. 

Compared with competitors like Gusto and Deel, MoneyStream provides comprehensive financial services, by the second settlement and is significantly cheaper, faster, secure, autonomous, and capital efficient.

MoneyStream will focus on U.S. markets where 39% of small and medium-sized businesses run payroll manually and more than 60% of U.S. workers want to access their earnings ahead of their scheduled payday. 

More than $10 trillion of funds move through paychecks annually, MoneyStream’s goal is to free this money making it flow efficiently creating greater financial autonomy, control, and ability for consumers and businesses.

Caseem Ward (money2crypto)
Founder and CEO
Caseem Ward has been involved in crypto as an investor and researcher since 2015. He is passionate about crypto and the freedom it brings to humanity. He first got interested in Bitcoin while at Bridgewater Associates where he learned the ropes of Wall Street financial analysis and ran Recruiting Operations along with two colleagues. While studying Management Information Systems and Engineering Management at UConn's School of Business and School of Engineering respectively, he was an entrepreneurial lead for a fintech product focused on bitcoin yield selected as part of UConn's accelerator program for the National Science Foundation Innovation Corps in 2016. After graduating college, he worked at a digital asset research startup on a team of 5 where he analyzed over 400 Initial Coin Offerings. A few years later as CEO he ran a DeFi and NFT game startup. Today Caseem is an advisor helping several projects with strategy, business development, and operations as the Chief Strategy Officer at Light Node Media and Legends Investment Network. As an early member of the Stellar community in 2017, Caseem wants to give back and contribute meaningfully to the ecosystem.
https://linkedin.com/in/caseemward
https://twitter.com/caseemward

Blocklabs
CTO
BlockLabs is a boutique blockchain dev house specializing in smart contract development (over 100 on mainnet), and network interoperability with projects delivered on over 20 networks and protocols since 2021. BlockLabs co-founders Tomasz Gesior and Mateusz Jachna have a combined 18+ years in IT, and have delivered over 15 projects to production. BlockLabs are members of the HyperLedger & Linux Foundations, as well as the Blockchain Game Alliance. BlockLabs dev team fulfills the CTO role of MoneyStream led by Tomasz and will receive pay and equity.                                                                 https://www.linkedin.com/company/blocklabsteam
https://twitter.com/blocklabsteam    

Blockchain tech stack specializations:

- Rust - smart contract development

- Solidity - smart contract development 

- Chainlink - on-chain data feeds 

- LayerZero - blockchain interoperability

- Soroban - smart contract platform

- Yield farming/DEX implementations

- Hyperledger Firefly - off-chain data synchronization

Highlights of past projects include:

Warsaw Stock Exchange (GPW) Private Market for sale of tokenized assets
Omnite - multi-network, interoperable, omni-chain NFT management platform with proprietary Omnite Protocol
Gravity - Multi-chain fantasy idle MMORPG game
SpartaDEX - the first Gamified DEX on Arbitrum
Erth - Metaverse Platform

StarTerra - Gamified launchpad on Terra
Alaska GoldRush - integration of blockchain with game platform with Unity AAA

Github:
https://github.com/anchaj
https://github.com/dartsideofTHEmoon
https://github.com/wpater

The MoneyStream team is set up for success because we have extensive experience in the Web3 industry and in creating DeFi projects. We are builders and strategists passionate about web3 and how it can change the world. Our founder, Caseem, has consulted many early to late stage web3 projects in the areas of business development, product, marketing, strategy, operations, tokenomics and more. As a researcher and investor, he has evaluated hundreds of projects and tokens, used and contributed to several protocols and platforms across dozens of blockchains, and has been a governance participant in many DAO and NFT communities. Our CTO's last project, SpartaDEX, has collected more than $13 million USDC/USDT in liquidity from other dexes on the Arbitrum network and has experience in creating projects using rust technology like StarTerra which was one of the largest projects on the now-defunct Terra Luna network. We are excited to build MoneyStream on Stellar and create value for the network long-term.