FirstCrypto - A Finance App for Millennials

FirstCrypto - A Finance App for Millennials

A complete financial application on blockchain for millennials with removed technical complexities. Onboard using Social accounts, Pay crypto via UPI, Invest via strategies - all at one place.

Created on 10th December 2023

FirstCrypto - A Finance App for Millennials

FirstCrypto - A Finance App for Millennials

A complete financial application on blockchain for millennials with removed technical complexities. Onboard using Social accounts, Pay crypto via UPI, Invest via strategies - all at one place.

The problem FirstCrypto - A Finance App for Millennials solves

Problem with crypto

Everyone wants to own crypto or wants to invest into it. People who are living into currency devaluating countries, they are looking crypto as a future of their daily finance and to beat inflation.

But onboarding to crypto is very complex.

  • If you go to Decentralized exchanges, you need to first create a wallet, you need to keep seed phrase at some safe place, you need to understand hard core terms of crypto
  • If you go to Centralized exchanges, KYC process takes 1-2 weeks, also a centralization risk, chances scams and much more.

Solution we wanted to build

A complete finance application built on Blockchain with easy and smooth onboarding, free from gas managements, payment solutions and various investment options for millenials to own crypto at better prices.

How it works

We have created a web application, but soon we will create a mobile application. In this dApp, users can easily onboard with their regular web2 method such as Google, facebook, Mobile no and they can easily buy usdt using on-ramp solutions. They can buy their favourite at a regular interval with Dollar Cost Averaging strategy without transaction fees management. And more interestingly they can pay crypto tokens through regular UPIor just by scanning the QR code of linked UPI of user.

Challenges we ran into

Making a smooth onboarding

The biggest chanllenge we face in building a smooth authentication process, After lots of research we implemented the Safe Auth Kit to implement social authentication. Making transactions gasless was also another challenge, so Safe aslo provides gasless transactions relay using Gelato, we implemented that.

Swapping Tokens seamlessly

Initially we were building the swap functionality using UniswapV3 router that made our implementation unviable and hard to implement.Thanks to 1Inch fusion swap, We implemented the Swap usng Fusion SDK and also implemented the user portfolio and dashboard using 1Inch APIs

Pay Crypto via UPI

UPI payments is one of the most successful technical solution ever in financial ecosystem so we thought to leverage that method. We implemented the Pay via UPI method using Waku Communication protocol which is very secure and scalable.

Tracks Applied (8)

1inch Track

We implemented the token swapping using 1Inch fusion swap SDK and We developed user dashboard and portfolio section usin...Read More
1inch Network

1inch Network

Arbitrum Track

We deployed our smart contract of strategy investing at Arbitrum chain to fullfill the user orders seamlessly. Contract ...Read More
Arbitrum

Arbitrum

Polygon Track

We deployed our smart contract of strategy investing at Polygon chain to fullfill the user orders seamlessly. Contract l...Read More
Polygon

Polygon

Waku Track

We developed the Governance using Waku Communications layer to get users vote on new strategies and also we implemented ...Read More

waku

Safe Track

We implemented the Safe Auth Kit for smooth onboarding of the new users using social accounts and also to run gas less t...Read More

safe

Push Protocol Track

We impolemented the notifications system using Push protocol. when order executes, we notify users about the their runni...Read More
Push Protocol

Push Protocol

Mantle Network Track

We deployed our smart contract of strategy investing at MANTLE network to fullfill the user orders seamlessly. Contract ...Read More
Mantle Network

Mantle Network

Scroll Track

We deployed our smart contract of strategy investing at Scroll chain to fullfill the user orders seamlessly. Contract Li...Read More
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