Atom Accelerator DAO (AADAO) Grant Announcement Card - in Blank
Team: Philippe Hébrard
Amount Asked: $120,000
Status: Rejected

Ki Foundation Grant

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We would like to propose a long term collaboration with the ATOM Accelerator, in which the Ki Foundation will work on accelerating the adoption of Cosmos by focusing on the expansion of institutional support and onboard businesses seeking to leverage blockchain technologies.

In addition to our work with Taurus (In the beginning of 2022 we struck a partnership with Taurus to bring support to $ATOM and all cosmos-based App Chains) to bring institutional custody solutions to ATOM, the Ki Foundation has also onboarded a leading fashion brand on Cosmos by launching their tokenized loyalty program on the Ki Chain.

Based on these successful collaborations. The Ki Foundation is uniquely positioned to leverage its close relationships to advise on, collaborate with and onboard real-life businesses and traditional finance actors to the Cosmos.

Ki Foundation constantly works on developing partnership with businesses aligned with our stakeholder capitalism approach as a whole.

Namely, we collaborated with ELEVEN Paris to convince them to leverage the Cosmos technology , create their own CW20 on the Ki Chain and add liquidity to a DEX. This project was a resounding success and we aim to replicate it with Consumer Chains and ATOM Liquidity

The Ki Foundation is currently working with Carbonable (carbonable.io), a project leveraging NFTs to scale decarbonisation, to bring NFT issuance to the Cosmos ecosystem.

1) Replicating those first Business Partnership, we aim to:- Facilitate businesses seamless integration into the Cosmos Hub environment by helping them build sustainable consumer chains (convincing businesses to build in this economic zone and technology) – Ki Foundation is already onboarding two real life businesses in addition (communication coming soon) to Cosmos- Bringing new businesses to the economic zone via exploiting the Liquidity Pools in Atlas* (with ATOM counterpart)

2) Working closely with Stripe and Delupay (https://www.delupay.com/) to set up on-ramp solution, we propose to continue working with Stripe to bring native support to all of the Cosmos on Stripe’s crypto payment solutions.

This will bring direct value to Cosmos via accessibility, liquidity and security. As well as increased adoption of the network and its applications, diversification and ecosystem development.

3) In addition to Taurus, the Ki Foundation has relationships with other cryptocurrency custodians based in France. We propose, just like we did with Taurus, to work with actors to extend the support of their custody solutions to the Cosmos ecosystem.

4) Providing media and outreach visibility around Cosmos Hub and $ATOM – Ki Foundation is actively participating to bringing visibility around the Cosmos Hub with our own communication channel and several webinars/spaces and such.

To sum up the $120,000 grant will cover:- Bringing institutional payment onramp solutions using Cosmos- Bringing new Consumer Chains or chains benefiting Cosmos Hub and $ATOM value- Institutional Custody solution integration for consumer chains (addition of **20K$** paid per provider)- Providing media and outreach visibility around Cosmos Hub and $ATOM

In addition, the Ki Foundation is asking for LPing support on Cosmos Core built by Ki Foundation:

Cosmos Core is the first crypto index built in Cosmos and focusing on the Cosmos Ecosystem with the 10 most promising assets. The TVL is already $180k and going.The Ki Foundation is asking for ATOM Accelerator to value core assets of Cosmos Core by deploying $50,000 in it (current 14% APY)

Annexes:

* Ki Foundation is building Atlas, Beyond its function as a DEX, Atlas offers a suite of Tokenized Financial Products, meticulously developed by the Ki Foundation. These offerings provide an opportunity for users to subscribe and invest in diversified asset portfolios, thereby broadening their investment horizons. Atlas, therefore, stands as a comprehensive solution for secure, regulated, and diversified cryptocurrency trading and investment.a sophisticated decentralized exchange that redefines the landscape of cryptocurrency trading. It integrates (in additional of traditional pools) whitelisted and KYC-only liquidity pools to ensure a secure and compliant trading environment (nurturing the best place for institutional actors).

Team: Philippe Hébrard
Current Status: Rejected
Funding Program: Regular Grants
Funding Category: Cross-Ecosystem Collaboration

Amount Requested: Amount in their initial application, or for RFPs, their first quote or that of the nearest competitor $120,000

Date Applied: Jun 30, 2023
Date Rejected: Generally includes time spent doing interviews, rescoping or amending the application, and due diligence Aug 23, 2023 (7 weeks)

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