Proposal Title: [Proposal] Metamouse x BanklessDAO
Author: Roman Aleksandrovsky, Metamouse Core Team
You can reach us directly through email@example.com or Roman Aleksandrovsky can be reached on Discord: ZooMie | metamouse.cc#5040 , Telegram: @BornTL, Email: firstname.lastname@example.org or via the handle @ZooMie
Following feedback, this is a revised proposal. Previous versions can be found in the edit panel.
Metamouse ( metamouse.cc ) is a Fiat Payment Infrastructure for DAOs, Web3, and their communities. We are the “rails” connecting the Web3 and Fiat worlds.
Thanks to Metamouse, any DAO or other Web3 project, as well as ordinary users, can pay Fiat bills without going through KYC in almost any country in the world.
Among our partners, there are already such projects as mStable, Integral, DFX Finance, Stasis, Zilliqa and many others.
Pitch Deck: ://metamouse.cc/pitch-deck/
Presentation for DAO: ://metamouse.cc/wp-content/uploads/2022/04/For-DAO.pdf
Metamouse was created as an idea to ease all financial processes for Web3 projects and make it easier to spend crypto in the “real” world. Using Metamouse, you can make fiat payments without having to manually convert your crypto to fiat and withdrawing it to a bank account. . To make the service more scalable and compliant, Metamouse relies on a network of parners around the world to execute the payment. . Onone side there is a user who needs to pay their bill, on the other side there is a network of peers who pay users’ bills. These can be both legal entities and private individuals. All peers go through full KYC, internal analysis and only then have the opportunity to join the metamouse payment network.
This solution allows us not to collect KYC from users. However, Metamouse performs a background check on the source of crypto to make sure it’s not coming from illegal activities. In addition, metamouse investigates the recipient of fiat funds to makre sure payment is done to legit recipient.
Metamouse supports payments in almost all countries of the world, except for blacklisted countries such as North Korea, Iran, etc. Payments are made within 24 working hours ( 1-2h on average ). You can find all supported fiat and crypto currencies in our app ( ://app.metamouse.cc/ ).
The business model of Metamouse is based on receiving a commission for each transaction. At the moment, the commission has a fixed rate of 3%, regardless of the amount of payment. The commission is also shared between verified payers who receive ~46.7% ( 1.2% of the total payment amount ) and Metamouse keeps the rest ( 1.8% of the total payment amount ).
Unlike alternative solutions, Metamouse has such advantages as a wide geography, the ability to avoid additional fees, and having to open a bank account, etc. All this allows the Web3 organisations to save time and money.
We plan to become a complete payment infrastructure for Web3 and their communities, which requires both development resources, and a complete solution to all legal difficulties. Now Metamouse is under our main project, a licensed crypto exchange - ://Altercap.com
Links to licenses
Altercap OU ( Estonian Company, Licensed to operate in Europe ): ://mtr.mkm.ee/juriidiline_isik/275523/valjavoteEdit?tulemus=Tegevusluba
Altercap LTD ( UK Company, MSB License ): ://www10.fintrac-canafe.gc.ca/msb-esm/public/detailed-information/msb-details/7b226d73624f72674e756d626572223a3136363936332c227072696d617279536561726368223a7b226f72674e616d65223a22616c746572636170222c2273656172636854797065223a317d7d/
The first step, which is already in progress, is to launch a separate Metamouse DAO and create our own native token. Since the product is created for DAOs and Web3 projects, the best option would be to transfer control over important decisions in our project to the community.
What is required for Metamouse?
Total required investment: $2.5M in crypto ( USDC / USDT / DAI or other ).
The total amount can be divided among several DAOs wishing to invest in Metamouse. Minimum ticket: $50 000 in crypto.
What does BanklessDAO receive?
Metamouse Token equivalent of invested amount ( a more accurate amount will be specified in the next update, as soon as metamouse token is launched ).
These tokens remain locked for 12 months in a time-locked contract.
Reduced commission fee for Metamouse Token or BANK.
What will the raised funds go to?
- Metamouse Crypto Cards ( Analogue of Bank Cards )
- More Fiat Currencies
- Geography Expansion
- New Coins and Tokens
- Recurring payments
- API for payment institutions
- Metamouse Widget ( Ordinary businesses can accept crypto payments without interacting with it )
- Dashboards for Users and Verified Payers
- Marketing Campaigns ( including brand awareness )
- Community growth
- Consultations and legal part
How long will implementation take?
12 months ( +6 months in case of force majeure ).
How our proposal will benefit BanklessDAO?
BanklessDAO сan transfer all expenses to Metamouse and participate in testing new solutions (e.g. new crypto cards without KYC requirement).
Risk diversification and income from holding Metamouse tokens.
BanklessDAO representatives and holders can participate in new decisions about the development of the project.
BANK integration for paying bills via metamouse.
Reduced commission for holders.
What will be our next steps if proposal accepted?
- Preparation of all information about tokenomics and the final offer.
- Pass an BanklessDAO governance vote.
- Increasing the team for faster project development.
- Building and rolling out updates.
Call with the Metamouse team
We also invite the core BanklessDAO team to the intro call, where we will tell you more about our project and development plans and answer all your questions.
Link to schedule the call: ://calendly.com/roman-aleksandrovsky
Thank you for your time and please vote! If you vote “NO” or “Needs Work”, then please leave your comment why, we appreciate your feedback!