[KCF Application] Web3 Escrow Service 'FundSafe'

[Star.Inc]

Hello, user21.

1. Commercialization would be right after once we finish the development. We think it would be late 2023, or early 2024.

2. It will. There are so many rug pulls in blockchain industries, and investors can’t trust the project team. Once FundSafe gets commercialized, people would be able to invest safely, and blockchain market would gain trust again from the public.

Thank you for your question.

[Star.Inc]

Hello, choiHy

Yes, that’s right. Since it’s hard to solve problems such as tyranny of major shareholders if you simply have the right to vote as much as your share, we’re going to apply appropriate weights to the distribution of voting rights through various tests.

Thank you for your deep thoughts.

[Star.Inc]

Hello, 67beachboy

We are having a meeting with the FSS(Financial Supervisory Service) through the Fintech Center Korea and are catching up on regulatory stories the fastest. We are giving them directions on what regulations are needed and what methods can be used.
Thank you for your opinion.

[Star.Inc]

Hello, KKotn.

Escrow services are services for buyers (investors). To root out the rug pull, the investors should require project team strongly to use the escrow service. We hope this project to be known to more people. So, we are taking this opportunity to promote together. We asked for a candid assessment, including points and problems. We will keep listening to the opinions of the public and complete a better project.

This is the link you can check it.

→ BeaStar

Thank you for your concern. Your opinion will solve many people’s curiosity.

[Star.Inc]

Hello, dallt101

With FundSafe, we can prevent crisis such as Luna and FTX. We will continue to develop until we can stop all the rug pull.
Thank you for your support.

[Star.Inc]

Hello, godofshine4011

Currently, each project fund is stored in a contract developed within the project or even in the project leader’s personal wallet. This makes them vulnerable to security.

FundSafe doesn’t store the funds on its own, but rather on a trusted DeFi platform and custody companies with strong security, so all assets can be managed more securely than ever before.

Thank you for your support.

[sj_p]

I think the idea is good.

However, the operators who configure it must be very trustworthy.

If the Klaytn Foundation or a highly reliable GC can serve as the operating entity and control tower, the reliability will increase.

[user22]

Wow this is awesome!!
This is very interesting!
I’m really looking forward to it.

[Kkotn]

댓글 조작 실력이 개쩝니다 조회수는 없는데 댓글은 늘어나는 마법!! 의미 없는 댓글 주르르 다는 능력에 감탄! 이런 신뢰로 펀드세이프?

[Star.Inc]

Hello, user22

We will provide services that meets the expectations of users.

Thank you for your support.

[Star.Inc]

Your comment manipulation skills are amazing. There are no views, but the comments are increasing!! I’m amazed at your ability to write meaningless comments! Fund safe with this trust?
→

Hello again, Kkotn

I think there is a misunderstanding. As we mentioned above, we are trying to get rid of the rugpull in the market. We wanted the project to be known to many people. We posted our project on various channels so that many people can see. People who saw our projects are giving their opinions about it. We asked for the candid assessments which can be criticism, and which will make us grow.

Thank you for your constant interest.

[Kkotn]

댓글 조작이 아니면 홍보했다는 채널 주소를 올리던지
날짜 시간이 보이기 캡쳐해서 올려보세요
조회수는 그대로인데 댓글만 올라다는걸 반박하고 싶으면요

홍보한 채널 전체 다 올려봐요 링크로

[Star.Inc]

If it’s not a manipulation of the comments, post the channel address that you promoted with date and time.
If you want to argue about the comments that are going up when the views are same, post all the channels you promoted.
→

Hello again, Kkotn.

We have already gave you a link when we replied you the first time. We wrote down the URL and it is converted to ‘BeaStar’ due to the editor. You can click and check them. Kindly check our comment again.

Thank you for your continued concern.

[Kkotn]

이런걸 조작이라고 하는거에요 상품걸고 조건걸고
프로젝트에 대해 의견을 나누고 토론을 하는게 아니라 억지로 달게하는 행위 다른곳이 못해서 안하는게 아니라는걸 모르는지? 억지로 했는데도 조회수가 이정도 인것도 재밌긴하네요

[Angbulee]

기본부터가 없는 프로젝트
코인쪽 개발관련 인원 아무도 없으며
개발자 모집부터 자금의 절반을 쓰며 마케팅에 절반
이건 뭐하자는 거지?
위에 크레더는 제대로 읽어보지도 않고 답변다는거는 좀
자질 부족이 아닌가 싶네

[Star.Inc]

It seems like a project without the basics. There is no one related to development on the tokens, and I don’t think it’s right to spend half of the funds from recruiting developers and using it for marketing. I think it’s a lack of qualifications for a Creder above to answer without even reading it properly.
→

Hello, Angbulee

CEO Youngdae Ahn is a developer with 18 years of experience, and now he is developing all(back/front/contact etc.) by himself. Ofcourse, all developments are possible alone, but due to the time-consuming reason, we will gather additional developers to speed things up for each part.

On the subject of marketing, we acknowledge the pressing need for a CMO to elevate our strategies. We have encountered some challenges due to the absence of a specialized marketer. To address this, we have allocated a significant portion of our budget towards marketing initiatives.

We will disclose all of the funds transparently where and how they were used. There will be no unnecessary expenditure.
If they are not disclosed or if it is deemed to have been used for unnecessary purposes, we will return the whole grant to the KCF.

Thank you for your point.

[2PICHU]

We can’t trust you. No one uses escrow services that run on untrusted teams. And this huge grant is going to end up being wasted. I think you have to be a GC member before developing escrow services. Maybe you need 5 million KLAY, and you need to win the trust of the community and GC members. We can’t feel the sincerity of a team that doesn’t have KLAY. This is just a proposal for you to make money without risk. We are not philanthropists. We can’t trust you.

[user24]

Safe is a way to reduce the startup valuation process and quickly invest in companies. Investors do not set the corporate value of the initial company, and investors invest money first. Afterwards, when investments that set corporate value are made, the stake and conditions of investors invested through Safe will be determined. Whether the company can be evaluated with the team building and business model (BM) set up at the beginning of the company’s establishment

[KaiaGovernance]

@Star.Inc

KF decided not to endorse this proposal for the following reasons:

1. The budget is too much. KCF grant program is not to support the entire budget for a certain project

2. There are several alternatives for FundSafe such as XDAO (www.xdao.app). Also, users can use multi-sig wallets with snapshot.org.

3. We could not find KLAY burning mechanism from the project.

As there was no endorsement from other GC members, you need to get community endorsement through our snapshot space. Please refer to the operational procedure to understand how you can attain community endorsement through the snapshot space.

[Creder-Itcen]

클레이튼 그랜트를 받는다고 했으면 GC 입장에서… 색안경을 끼고 보는게 아니라 프로젝트 안정성 측면에서 믿을 수 있냐고 질문해봤습니다. Angbulee님께서는 GC가 앞으로 어떤 질문을 해줬으면 좋겠는지, 어떤걸 검증해줬으면 좋겠는지 의견 주시면 참고하겠습니다.