Incognitee: Privacy Sidechain on Paseo (Retroactive)

#38·Incognitee: Privacy Sidechain on Paseo (Retroactive)

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Treasury

1yr ago

Paid

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AI Summary

After rejection of ref 868, Integritee has evaluated the feedback and adapted its request strategy

Integritee has demonstrated a working live deployment of its privacy sidechain technology on Paseo.

Try it now at: https://try.incognitee.io

This proposal extracts only the retroactive part of ref 868 into its own proposal and requests

39’680 CHF ≃ 44’302.72 USD ≃ 44’302.72 USDT

Full Proposal Document
initial discussion post
approved previous DOT Treasury retroactive funding (ref 617)

We consider this a soft-loan which we will pay back to the treasury with a fraction of fee revenues which each shard of Incognitee earns as long as the target token is present on the Polkadot Asset Hub and can be spent by the treasury. We commit to sending 30% of our gross fee revenue back to the treasury automatically and regularly until we have repaid the soft-loan plus a one-off premium of 10%.

Context:

NEW brenzi's Incognitee presentation at decoded 2024
Private Transactions on L2 for all Polkadot Chains | Polkadot Decoded 2023 talk by our CTO brenzi: video recording
Why Privacy Matters And What Integritee Can Do About it | Polkadot Now India talk by our CTO brenzi: video recording

brenzi also appeared on AAG to explain the previous proposal

Integritee is a company that works with privacy technology on a special platform called a sidechain.
They have made changes to their request for money after getting feedback.
Integritee is asking for about 39,680 CHF (which is about 44,302.72 USD) for their project.
They plan to repay this amount by sending back 30% of the money they earn from fees.
Their technology is already working and can be tried out by anyone.
The company’s leaders have given talks about why privacy is important in technology.
They have made videos explaining their work and past proposals.