Project name: hideyour.cash (to be rebranded)
Funding Scheme: one time
Initiative summary: hideyour.cash is a compliant privacy transactions protocol (mixer) built on Near Protocol, currently on mainnet beta. The proposal intends to fund hideyour.cash rebranding, 3 months of content production and giveaways.
Goal: Achieve 15 daily transactions on the app within the next 3 months.
Funding details:
- Total requested amount in USD: 3500
- Total requested amount in NEAR: 1775
- NEAR Wallet ID / DAO: hackachain.near
- Wallet owner’s name: Hack-a-Chain
Project Overview
Hideyour.cash (HYC) is the first compliant privacy transactions protocol (mixer) on the blockchain ecosystem. It was deployed to NEAR mainnet on March, 2023.
In a nutshell, HYC breaks the link between the sender and the receiver of a transaction, making it private. It works similarly to Tornado.cash, but they have been sanctioned by the OFAC in the USA due to lack of AML features. That’s why HYC has also built-in anti-money laundering features, that block suspicious wallets from using the dApp. Check out everything about HYC at the project documentation.
The goal for the project is to provide on-chain banking secrecy. We strongly believe that to get mass adoption, blockchain needs to provide privacy for its users. However, it has to be weighted with compliance, to make sure that such tools are not used by malicious actors for illicit activities. HYC aims to solve these problems.
Reasoning behind the proposal
Privacy is a basic infrastructure for any blockchain that has a long-term goal of being adopted. However, most people don’t realize that all of their on-chain movements can be traced back by hackers, institutions, governments and basically anyone that wants to check the blockchain history.
It’s important to bring awareness about this matter to the general public to increase the usage of privacy applications, which can be achieved through: education and incentives.
Besides that, after gathering feedback from the Near community, we realized that it’s important to have a more neutral name, since “hideyour.cash” does not represent the compliant and legal nature of our application.
Deliveries
The funds will be used for hideyour.cash’s rebranding, 3 months of content production and 3 months of giveaways. Deliveries include:
- Rebranding: new name, logo, color scheme, typography and graphics, focused on showing off the compliant and legal nature behind the protocol.
- Content production: 6 videos (2/month), 10 minutes average, to be added to youtube, which will be breakable into smaller pieces that can be shared among social media. The videos will discuss everything related to privacy, compliance, information about the project, and NEAR. All the content can be reproduced by the NEAR ecosystem.
- Giveaways: this is a great way of using HYC, since it uses a ticket to perform the transactions. A person can deposit to the protocol and receive a ticket that is proof of deposit. Another person can use the ticket to withdraw from the protocol. I can share, for instance, a “surprise” ticket on our twitter, and the first person who sees it can privately withdraw the funds from the protocol. This is a good way of incentivizing people to use the protocol and test it. The funds will be used to giveaway tickets for the NEAR community, both on our own account, but also through other influencers on the ecosystem.
Grant Amount
The following table describes the amount needed to conduct the activities mentioned above.
| Activity | Quantity | Individual price | Total amount |
|---|---|---|---|
| Rebranding | 1 | $1000 | $1000 |
| Content Production (script creation, recording and edition) | 6 | $250 | $1500 |
| 1N Giveaway | 100 | $2 | $200 |
| 10N Giveaway | 10 | $20 | $200 |
| 100N Giveaway | 3 | $200 | $600 |
| TOTAL | $3,500 |
Timeline
The first month will be focused on doing the rebranding and recording the contents, which will be posted every 2 weeks after the rebranding is ready, until the end of 3 months. The giveaways will be done according to the twitter content strategy that will be created by HYC’s marketing team.
Benefits for the NEAR community
These are some of the benefits that the project will bring to the NEAR community:
- Privacy awareness for the community
- Quality content about NEAR and privacy
- NEAR positioning as a privacy + compliance focused blockchain
- NEAR positioned as the first one to have a compliant privacy transactions protocol
Thanks for the attention.