Atom Accelerator DAO (AADAO) Grant Announcement Card - in Blank
Team: Luis Quezada
Amount Asked: $450,000
Status: Rejected

Atom/Cosmos Remittances

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The goal is to create a consumer chain without a token whose only focus is to send and receive remittances from the US to Guatemala initially but to expand to other central-american countries later. Remittance volume to Guatemala alone is above $1.5billion per month and presents high expenditures to immigrants sending their money back home. We want to enable easy onramp with other products like Kado and facilitate the off-ramp process with local banks. The project would have its own mobile application and wouldn’t use crypto and web-3 as its main selling point, it would focus on ease of use, simplicity and low fees to send money. However, ATOM as a technology would be shared for users that want more information.

Team: Luis Quezada
Current Status: Rejected
Funding Program: Regular Grants
Funding Category: ATOM Zone build-out

Amount Requested: Amount in their initial application, or for RFPs, their first quote or that of the nearest competitor $450,000

Date Applied: Mar 17, 2023
Date Rejected: Generally includes time spent doing interviews, rescoping or amending the application, and due diligence Apr 06, 2023 (2 weeks)

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