[Grant Application] Fortmatic + ICON Support

Title
Fortmatic + ICON Support

Project Category
Infrastructure, Community Activities

Project Description

Project Duration
1.5 months for Phase 1

Project Milestones
Support ICON with Fortmatic Whitelabel SDK - simplifying key management for applications built on top of ICON and attract more mainstream developers and users. No need for browser extensions, seed phrases, or keystore files with our non-custodial Delegated Key Management service (SOC 2 compliant)!

Funding Amount Requested
$50,000 USD (20k upfront, and 5k/month for 6 months)

Official Team Name
Fortmatic

Team Contact Information
Email: contact at fortmatic dot com
Telegram: t.me/fortmatic
Twitter: @fortmatic

Public Address
hxb96f4d7b3a514f805d204506943507a12cea7ab4

Initial Review Result Comments

Review Result

Approved

Review Comments

Because of the key advantages below, the ICON Foundation is going to approve this proposal.

  • Enable onboarding of non crypto users to ICON community easier, increasing the # of new active wallets
  • Differentiate ICON services by having an easy onboarding process
  • Access to Web2/Web3 developer communities that are utilizing Fortmatic
  • This wallet provider greatly enhances user experience
  • ICON apps can start targeting non-crypto native people that don’t understand blockchain

Next Procedure

ICON Foundation will provide the Final Review Result Comments soon.

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Final Review Result Comments

Review Result

Approved

Reporting Period

Grant recipients should produce Periodic Reports in order to continue to receive grant funding. If the Periodic Report is showing that the initiative is not meeting expectations, the ICON Foundation has the option to halt continued funding. Please check the link (ICON Community Grant Program (“ICON CGP”)) and leave reports on this page (https://forum.icon.community/c/g/pr)

The team must submit the Periodic Report by the timeframes below (UTC):

  • 2020/05/25 02:00 AM (UTC)

Funding Amount

The ICON Foundation is going to give out $50,000 in 6 monthly installments based on the Periodic Report. The amount of ICX will be determined and paid according to the price at 02:00 AM (UTC) on the day of payment.

  • 2020/03/27 02:00 AM (UTC) - $20,000
  • 2020/04/26 02:00 AM (UTC) - $5,000
  • 2020/05/26 02:00 AM (UTC) - $5,000
  • 2020/06/25 02:00 AM (UTC) - $5,000
  • 2020/07/25 02:00 AM (UTC) - $5,000
  • 2020/08/24 02:00 AM (UTC) - $5,000
  • 2020/09/23 02:00 AM (UTC) - $5,000
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