CoindPay

CoindPay

A multi-chain DEX, payments, and compound finance infrastructure streamlining crypto transactions across multiple chains with seamless payments, automated interest generation, and developer integration.
Application
Applied on: 3 Aug 2024 06:25 PM
Round: Asia Round
Approved
User Review
AI Review
A1
Reviewed on 3 Aug 2024 07:01 PM
The Grant must be in support of or directly advance the Asian public goods ecosystem; or at least one founder identifies him/herself as Asian. We will refer to the [public goods report](https://www.gccofficial.org/explore.html#report) released by GCC last December for the definition of public goods.
The project mentions that at least one founder, Jason, identifies as Asian and has professional links from regions like Tencent (a major Asian company). The project aims to enhance crypto payments and finance infrastructure which can advance the Asian public goods ecosystem.
The project must clearly articulate the problem it addresses, the solution, the implementation plan, the financial plan, and demonstrate there is an excellent team or community for execution
The project clearly outlines the problem of inefficient crypto payments and compounding funds, offers a solution through multi-chain DEXs and payment systems, and provides a detailed implementation and financial plan. Their team includes highly experienced individuals from well-known global companies, suggesting a strong potential for execution.
Project must be 3 months old and the project must demonstrate some tangible progress towards their stated goals, with a working MVP is available to the public. We will use Twitter, official website, github, and other public info to determine this. Newer projects should establish themselves and submit to the next round.
CoindPay appears to have a well-established presence with an operational MVP, evidenced by their active GitHub repository, official website, and tangible progress indicated in their milestones. The GitHub shows recent commits which imply ongoing development.
Grantees can be eliminated from consideration in the round if they are found to be encouraging or enabling Sybil attacks or other forms of malicious manipulation of the grants platform or the Gitcoin community.
There is no direct evidence from the provided information to suggest that the project is encouraging or enabling Sybil attacks or any malicious activities. However, no explicit measures against such activities are mentioned either.
Projects must comply with Gitcoin core rules and [eligibility criteria](https://gov.gitcoin.co/t/gg21-community-round-eligibility-criteria/19003).
Based on the provided information, CoindPay appears to meet the Gitcoin core rules and eligibility criteria, including project transparency and intentions for public good.