The parathread 3390 was originally set up for testing purposes and operated successfully for ~20 days. Unfortunately the collator along with its state was deleted before unlocking the parathread. Therefore, we are unable to deregister the parathread. We propose to deregister this chain via governance.
#209 ParaSpell XCM SDK Maintenance funding for 5months
Dear Kusama community,
On behalf of our team , we propose the maintenance bounty of a common good tool enhancing experience on the Polkadot ecosystem - ParaSpell XCM SDK & XCM UI that will work to aid team that have been previously funded by Web3 Foundation (phase1,phase2,phase3) which also proposed the idea of Treasury maintenance funding for this project here: link
More information on previous project funding and achievements can be found in our official docs: link
We created XCM SDK that connects all 46 currently compatible Parachains together into a tiny package that is very simple to implement and saves a ton of time for developers looking to integrate XCM support into their dApp. As new Parachains keep integrating XCM support we need to keep XCM SDK maintained to satisfy the growing needs of developers that are integrating this package into their dApps.
This maintenance proposal is for maintaining repositories and performing continued operations to improve XCM SDK & XCM UI in many useful ways mentioned in our application document below.
We believe that this tool is needed in the Polkadot ecosystem and we are working very hard to prove this. Unification of XCM pallets which are currently very diverse can bring ease of integration and speed up dApp development significantly. This Polkadot forum post goes to show, that developers actively search for such tools. link
Links that might interest you:
Link to the pre-proposal discussion held between 20.May-27.May: Polkassembly, Subsquare
XCM SDK - link
An organization with all repositories - link
Our current metrics can be seen here - link , our SDK is also implemented by the biggest Polkadot NFT marketplace called KodaDot.
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Overall 75 % of users are feeling optimistic. Join AAG this Monday at 3:30pm UTC with a team member to understand the proposal's importance to tokenholders! Reach out via Matrix for details and thank you @447368856cec4afcae909c71d. We appreciate your support, Team ParaSpell.
Overall 25 % of users are feeling against it. The text criticizes those voting against funding maintenance for Polkadot and parachain APIs, arguing that it will save developers time and effort by simplifying the implementation of XCM capabilities in applications. The author encourages voters to consider the benefits of interoperability between Kusama & Polkadot before casting their vote.
AI-generated from comments
Hello! We invite a member of the team to join AAG this Monday at 3:30pm UTC to help us better understand this proposal and its importance to tokenholders!
Please reach out on Matrix @ jay-chrawnna:matrix.org
Thanks! 🙏
Dear @447368856cec4afcae909c71d,
thank you for the invite. We appreciate it and gladly accept.
We hope, that this will help the Kusama community with clarification of our proposal.
With kind regards,
Team ParaSpell
Voted Aye
I would challenge anyone who's voting NAY to attempt to build a script using nothing but Polkadot & parachain APIs to XCM KSM to any parachain and back. Go ahead and build that script, make it open source, and I'll request a tip for you. Oh, and if your script doesn't work in 5 months I'll mercilessly blast you on Twitter, Element, and here on Polkassembly. Go ahead...
Yeah, it's ridiculously tedious. Not to mention that you have to keep track of the documentation of both Polkadot API and whatever parachain API to make sure your script is always working.
Dev tool kits like this make it very easy to implement XCM capabilities in applications. I have no idea why people are voting NAY for something that will save hundreds of devs many hours of banging their heads against the wall.
Let's pay ParaSpell to bang their heads against the wall for all of us. This maintenance funding will allow devs to focus on the actual meat and potatoes of their applications rather than needlessly spending time implementing XCM raw dog.
The easier it is to use Kusama & Polkadot's flagship feature of interoperability, the better it is for all of us.
Try using your brains before you vote NAY. If you vote NAY on this, you're a buffoon to me.
Thank you for being so supportive, we really appreciate, that you find our work valuable and even more so, that you took the time to actually read our proposal before voting.
As I've mentioned, the ParaSpell team is here to answer any questions regarding our project during this referenda period.
We will also present ParaSpell on AAG next Monday. Can't wait for it because we hope, that we will be able to bring more clarity to the Kusama community in regard to what our project does and why we believe, that it is very needed in the ecosystem. At least in its current state where XCM is so diverse to implement manually.
With kind regards, Team ParaSpell
A member of the team joined AAG on June 5, 2023. Watch the clip 👇 (8:46) https://twitter.com/TheKusamarian/status/1666094384629288961
Hello,
We are in the process of validating a true need for a service to assist teams with crafting and completing successful treasury proposals, so they can focus on building. We would love to hear about your experience with this proposal. If you are willing to take a few minutes, please fill out this form about your experience with the OpenGov treasury proposal process: https://forms.gle/MwDij4adXEQd7Um79
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Discover similar proposals
Open debit card for developers powered by Kusama
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Big Spender
Big Spender
Open debit card for developers powered by Kusama
Requested: 120.7K USD * 4.36% (buffer price) (19.9 KSM/USD — EMA7) = 6,331 KSM
TL;TR
This is 3 minutes summary for the proposal, part of our pitch in 17/02 AGG here the slides
Why?
Today, issue debit cards for web3 projects is process that involves huge investments, strict compliance requirements and operational overhead that couldn't be paid by many developers.
We're building an Open API to issue debit cards and then build financial bridges for everyday use cases on Kusama (for example, paying for your lunch or sending money to your loved ones); think of it as a web3 Stripe powered by Kusama.
Holders, consider this: an increase in volume on the Kusama chain will eventually create demand for the token, driving up hopefully prices.
What?
We provide all the operational, development, and financial team expertise to provide a compliant, non-custodial card infrastructure for Kusama users.
You can expect us to deliver:
- First stage (this proposal): Launch a developer-friendly API to enable Kusama apps to launch prepaid debit cards as easily as with one line of code.
How it works?
Our Partners
- Pomelo + Visa (Debit card issuer): Pomelo is a pioneering fintech transforming card issuance in Latin America. Its cloud-native, API-driven platform lets banks and fintechs launch secure, scalable cards rapidly. Partnering with Mastercard and Coastal Community Bank, Pomelo modernizes payments and drives financial inclusion.
- Truora (KYC/KYB): Truora is a Latin American startup simplifying user verification and fraud prevention. Its API-driven platform offers background checks, digital identity, and KYC tools to help businesses onboard customers securely, reduce fraud, and boost conversion
- Bancolombia (Our Bank): Bancolombia is Colombia’s largest bank, boasting 146+ years of trusted service. With 30M+ customers, extensive branch and ATM networks, and innovative digital solutions, it drives financial inclusion, supports sustainable growth, and champions economic progress across Latin America.
Documentation
- API Documentation: here you will find a preview in how it will work, you can create your own identities and also cards, if you want to test it please contact us.
Card Features
- Funds are non-custodial in Asset-hub.
- Top-up via dUSD via Polygon, Etherium, Asset-hub + 10+ chains.
- You can add this card to Apple or Google Wallet.
- Worldwide shipping for Physical Card.
- Cash ATM withdraws.
- As developer you can issue debit cards and earn up to ~1.3% from customers purchases cheaper, compliant and easier than ever before.
Benefits for Kusama
- All balances for the debit cards would be on-chain, ensuring transparency and increased chain volume.
- Calling all developers and builders! We're taking Kusama to new heights by partnering with more real world startups.
- Visa provides card infrastructure via Pomelo (https://pomelo.la/es/).
- Our agreement with Pomelo is established in Colombia, but you can get access to the card worldwide (you only need a passport to verify your identity).
- Today, we want to support dUSD and KSM via Asset Conversions in Asset Hub.
- In the future, we’ll be able to enable other coins/tokens created in the ecosystem to be used in daily use cases. For example, you could make a token in Asset Hub, create a pool (
YOUR_TOKEN/dUSD
), and then use that token to pay for your bus ticket. - With our customers and operation only, we will increase the volume on chain by ~700K USD monthly
- In the future, we’ll be able to enable other coins/tokens created in the ecosystem to be used in daily use cases. For example, you could make a token in Asset Hub, create a pool (
How is it different from Polkadot Pay, Polkadot App or Nova Wallet debit card?
Actually, we're not competing —we're here to enable innovation. Think of us as an open API for debit card issuance for web3 projects, helping more projects/wallets/dapps to connect their users with their money. Here's what that means:
- Integration Made Simple: Our platform lets dapps and apps add debit card functionality without the heavy investments or operational overhead.
- Building Together: Instead of competing, we empower services to enhance their offerings. We provide the foundation, and you build on top of it.
- Expanding Regional Reach: We also support regional growth. For instance, if Polkadot Pay or Nova wants to extend their services into new regions like Latin America, our solution can simplify and accelerate that process.
In short, we're not here to replace existing services—we're here to support and enhance them. Our focus is on making it easier for any platform to offer debit cards, thereby driving innovation and growth across the board.
Here, If you want a more detailed comparison
How far are we?
We have been working on the relationships and legal requirements to launch these debit cards for over a year; today, we’re in an advanced integration process for friends and family and with the regulatory requirements to do it.
About us
- David Barinas: CEO + Sr Engineer - Former YCombinator S19 Founder (Valiu 300K users + 6.2M raised).
- Ole Tobias: COO + Product Managment - MSc in Technology Management, former Technology Consultant at Deloitte, and ex-COO of Efficence AS.
- Roy Parrish: Chief Legal Officer - LATAM & North America | Strategic Oversight of Compliance and Regulatory Affairs
- Katherin Lopez: Head of User Research and Deals seeker / Ex Littio (YCS19) Ex Valiu (YCS19).
- Luis Polania: / Head of Financial Operations Ex Littio (YCS23) Ex Valiu (YCS19).
Traction
- Today, our monthly volume is ~253K USD, which we plan to migrate to Kusama via dUSD.
- Startups will work with us until today:
- Coco Wallet YCS19 3.5K Users monthly Link to LoI
- New Customers will be released and updated here soon…
Expenses Breakdown
- 45.7K USD License = 30K USD x 19% Colombian VAT + 10K USD Collateral for Visa
- 75K USD = 2.5K USD x 5 Members Full time x 6 Months
Total: 120.7K USD
Discussion Channel & Website
If you have any questions, please feel free to reach out to us on our channel to discuss them with the community.
FAQ
- Why funding us?
We are an experienced team with a proven record of building Web3 products. Now, we want to use Kusama in everyday cases worldwide.
-
Which regions are excluded?
Due to Visa terms and conditions, the following regions are excluded.
- Afghanistan
- Albania
- Belarus (Republic of Belarus)
- Bosnia & Herzegovina
- Burundi
- Cambodia
- Cameroon
- Central African Rep
- Congo (the Democratic Republic of the)
- Congo (the)
- Croatia
- Cuba (Republic of Cuba)
- Eritrea
- Hait
- Iran (Islamic Republic of Iran)
- Ira
- Lebanon
- Liberia
- Libya
- Mali
- Mozambique
- Myanmar (Burma)
- Nicaragua
- Nigeria
- North Korea (DPRK - Democratic People’s Republic of Korea)
- Pakistan
- Palestine (State of)
- Philippines
- Russia (Russian Federation)
- Somalia
- South Sudan
- Sudan (the)
- Syria (Syrian Arab Republic)
- Yemen
- Zimbabwe
-
Why is the web app in the second stage?
What’s cool about having our open API for Kusama Apps first is that other teams in the ecosystem can create frontends. These could be part of Nova Wallet or external web apps, for example. We want to be enablers for the whole ecosystem, this must be a different discussion!
-
Whats the relationship with Virto?
BloqueDAO is a Virto-spinoff established as a self-governing DAO in Kreivo. We’re leveraging on the Kreivo technology to support non-custodial management of the funds every user tops-up in their Kusama Pay cards.
- Would you be open to having your license or partnerships verified?
We're open to being independently verified by any member of Kusama. However, because our documents include non-disclosure agreements, we cannot share them publicly, though we can provide them privately.
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