Bitsave Protocol
Bitsave is a cryptocurrency savings protocol for African users to save in stablecoins, earning interest while avoiding market volatility and inflation, with tailor-made savings plans and security measures.User Review
R1
Reviewed on 18 Oct 2024 08:29 AM
Demonstrate user-centric design and functionality
Show contribution to Web3 ecosystem growth
Present innovation in application use cases
Meet the general eligibility criteria for Gitcoin Grants, including open-source principles and ethical standards
Bitsave has a strong focus on user experience with an easy-to-use interface for setting up savings plans, mitigating risk, and targeting Web2 users with simpler ways to engage with Web3 solutions.
Deployer address shared by the applicant are not found in the explorers. Contribution to Web3 ecosystem growth is uncertain. The applicants needs to disclose more information and references.
Innovative use of safe mode to reduce risks in crypto space.
The repo https://github.com/CryptoSmartNow/bs_base shared as the project GitHub repo does not exist. Then I proceed to evaluate this https://github.com/CryptoSmartNow/bitsave which has no license.
It meets GG22 ethics. It meets activity metric after checking all Bitsave related repos.
AI Review
A1
Reviewed on 14 Oct 2024 12:23 AM
Demonstrate user-centric design and functionality
The project focuses heavily on providing a seamless user experience with an easy-to-use interface for setting up savings plans, mitigating risk with features like 'safe mode', and targeting Web2 users with simpler ways to engage with Web3 solutions.
Show contribution to Web3 ecosystem growth
Bitsave contributes to the Web3 ecosystem by onboarding new users from Web2 to Web3, promoting the use of Stablecoins, and fostering cross-chain interoperability. It also adds value by increasing on-chain activity and developing the SaveFi segment within DeFi.
Present innovation in application use cases
Bitsave introduces novel concepts such as a 'safe mode' for reducing crypto volatility risk, a parent-child contract system for enhanced security, and a unique focus on savings over investments within the crypto space, creating a new 'SaveFi' value chain.
Meet the general eligibility criteria for Gitcoin Grants, including open-source principles and ethical standards
The project adheres to open-source principles and ethical standards. Its GitHub repositories are openly available, and it has contributed to open-source tools and frameworks like Beaker. The project's ethical focus aligns with providing financial stability and inclusion.