That's what I am talking about!! Finally something useful for our ecosystem.  Strong Aye.

Dear Zhixi,

we are excited to share the support for this referendum. The proposal aims to improve the Kusama ecosystem by making asset acquisition more accessible for parachains through robust on-ramp services. This is a crucial step towards a more inclusive and robust network, and I believe this initiative deserves an **AYE** from the crowd. It will definitely benefit parachains and thus the Kusama network itself!

Hi Zhizi, thank you for leading the initiative!

This is Ryan from SubWallet. I fully support this initiative and am committed to contributing to it. I find it admirable that we are working together to onboard more users to the ecosystem.


I fully support this project and its mission.

**Bounty Curator Candidacy Announcement**

The selection of administrative curators is crucial for the success of the bounty program. This announcement presents the candidates for the curator position who, upon approval, will oversee the "Parachain Assets Onramp Support" Bounty Program. The bounty will be curated by a Multisig. It is suggested that the curator committee receives a reward to compensate for their time and effort in this initiative. 

The selection of curators is carefully designed to represent all parties involved in this bounty. For more context, please visit the [**Bounty Curator Candidacy Proposal**](https://docs.google.com/document/d/1yCJiz2wWuIuY0YA--fE7QihPiW5F1D9mcOVDekUWIlA/edit?usp=sharing), which provides information on the curators' backgrounds, responsibilities, and the reward scheme.

Multi-sig account: 
Fc2PupM7xp2yefw97D3yDhEWMXcWPWkYUdpTSf8Gj8St1B7

**Curator Candidacy:**

**Alexei Zamyatin, Co-founder of Interlay**

Address: 5Cu7pF9kxM3HiP69RNA5b1N2ogpgoRYEtvHrjkQDF3P7iofS

**Jonathan Dunne, CTO of Talisman**
Address: 5FxvpoBxF73oAbQKouuhtbXootQceqq9hE8UvJPFf8Tjzcu7

**Ryan Dinh - Head of Business Development of SubWallet**

Address: 5DvpfEPfr8xBA34VusHM8h4q5XdBi2vbpdcA7s2rEmtuAze4

**Irvin Cardenas: Co-founder and CEO at OpenDive Technologies**

Address: Gpr3ou8w6PgQxCeeEz3Ap3iuamKQn1ktgZjbNNZB4ghzKUU

**Jakub Greguš, Jakub Gregus, Co-founder of HydraDX & Basilisk**

Address: 14TRztENRz87sn67Gh4aVaCpiWmtiuxg4JkNKVGkvRqwDbgD

Cant thank you enough for taking the initiative here and pushing this forward.
From Ajuna Networks perspective, fiat onramps are ciritical to support onboarding for the application layer. Especially in more casual experiences, like gaming, being able to provide familiar payment options can reduce the initial friction for non web3 natives.   

You have our support and vote

Great job! I also voted Aye for this as I'm in support of a fiat on-ramp for the ecosystem as it will help big time for flexibility! 

Thank you so much for this initiative 🙏

This is a big win for the entire ecosystem and we need it to make life easier when onboarding new people to the ecosystem.

Especially for some Parachain tokens it's been extremely hard to get hands-on.

Hi Kusama Community,

We have released the first batch of assets following tokens part of the proposal!

- Bajun (BAJU)
- Bifrost Native Coin (BNC)
- KINT (Kintsugi)

Users will be able to purchase these coins on banxa.com and Talisman Wallet. More wallet integrations to come soon.

We will raise the next bounty for the curators to approve.

Thanks!

BANXA

I voted Aye. I think we need make easly for users the way them get Kusama and parachains assets with Fiat. 

Hey, Zhixi,

Thank you for the proposal.

Here's the first [referendum audit](https://crustipfs.art/ipfs/QmcmUkajB1CoDHZsQ3Qo8hnzp6WTbG8VXA5Q2HYbYSJjz6) for this bounty proposal.

**Notes**
- This audit was not influenced by previous audits.
- This audit reflects only the quality of information presented in the proposal and not the Quality of the project/idea itself.

![Parachain Asset FIAT Onramp Bounty](https://crustipfs.info/ipfs/QmYYZfWkkUGMUfuCi5ZaqmUi1bjJmajvVkmrnAcA124bWK)

The following proposal Audit is created as a part of the extension for [Proposal#67](https://kusama.polkassembly.io/post/2431). More information about the Treasury proposal template and the Audit process can be found on the link above. All templates are free for everyone to use. For any questions or feedback regarding the Audit templates use the discussion link from above.

Dear Kusama community,

This is Zhixi Zhang from [Interlay](https://interlay.io). We propose a bounty program aimed at helping Kusama parachains integrate fiat on-ramp support for their native assets with [Banxa](https://banxa.com/), one of the leading providers in the space. 
**Please visit discussion post regarding this bounty via this [link](https://kusama.polkassembly.io/post/2513).**

Currently, acquiring native parachain tokens has been identified as a significant obstacle for new users in the Polkadot and Kusama ecosystem, and many parachains are seeking solutions to incorporate an on-ramp service. However, integrating on-ramp services can be challenging for parachains due to high costs and extensive liquidity requirements. Meanwhile, in order to integrate parachain tokens, service providers face barriers such as limited token volume and restricted exposure to DeFi solutions.

After conducting extensive research and interviews with various on-and-off-ramp service providers, along with numerous conversations with different projects in the ecosystem, we decided to work with [Banxa](https://banxa.com/), a leading payment service provider, to bring to you a bounty program that aims to provide an affordable on-ramp service tailored for Polkadot and Kusama assets.

This bounty program is intended to help as many parachains as possible in establishing easy and secure solutions for native token on-ramp, thereby improving the user acquisition process for the ecosystem as a whole. Please take a look at the full bounty proposal, we would love to hear what you think!

[**Link to full proposal**](https://docs.google.com/document/d/1SD-PcPPmhTNuejSvo4hezlZy66h2oBWo71Uv3XCn0D4/edit?usp=sharing) 


**Bounty Cost: $10 500 per parachain**

**Bounty coverage:**

- Parachain + native asset support for 9 Kusama parachains: $10 500 for each parachain support with one parachain native asset onramp support
- Statemine support + Onramp support for Kusama native USD Stablecoins* +KSM: $10 500

**Total requested budget: $105 000 USD of KSM**

*Note: Native USDT onramp support is now available on Statemine and can be integrated. Onramp support for USDC and other stablecoins will be added once liquidity channels are in place.

Approve a bounty proposal. At a later time, the bounty will be funded and become active
and the original deposit will be returned.

May only be called from `T::SpendOrigin`.

# <weight>
- O(1).
# </weight>

#131 Parachain Assets Fiat Onramp Support Bounty Program