the reason why this project idea came to our mind is when we saw the surrounding situation and the complaints from the crypto community about problems with their finances in crypto currency and this became our Inspired to solve the problems of the surrounding community by introducing them to smart defi.
What it does
Alpha finance is a protocol and service that is a solution to the problems and needs of people in the DEFI world with a system that is secure and transparent, and also protects all consumer privacy.
Project Details :
The Problems 1. Some people and community crypto are afraid that their assets in their personal wallet can be stolen, and they are confused about how many transactions they have in their personal wallet over the course of a year.
2. And they also worry when their asset value goes down and at the same time they also need money, and how to borrow crypto safely with low interest.
3. Consumers sometimes feel confused about how to buy crypto through credit card and bank, and what are the safe and cheap fiat integration companies .
4. Blockchain system is an open system and it is called as decentralized but some people want privacy for themselves for some reason.
5. And also the crypto community is asking about how to make their wallet safe.
6. when crypto investors or traders go overseas, they are often confused about where to find a place around them that accepts crypto payments
The Solution Alpha Finance is here to solve the problem of people with :
1. Analytics We use tronweb and tron api protocols to analyze user’s private wallet which is about security, transactions and perform credit score assessment. the security assessment based on the number of dusting tokens will reduce the security value of the wallet, and the credit score assessment based on the number of transactions, assets in the wallet and wallet creation.
2. Loan A smart loan service with a smart third party contract system, where collateral assets will be staked and the result of the bet is given 65% to the owner of the asset at the time of loan repayment, the time limit and loan amount are determined by the credit score your wallet which can be seen in Analytics high credit score gets a high loan limit.
3. Fiat Gateways Fiat integration services with Onramper to make crypto purchases safely and get best price advice from fiat integration providers like moonpay, xanpool, transak, utorg and more.
4. Protect Transactions Is a non-custodial Tron and TRC20 privacy solution based on zkSNARKs. It improves transaction privacy by breaking the on-chain link between the recipient and the destination address. It uses a smart contract that accepts TRX deposits which can be withdrawn via a different address. Whenever TRX is withdrawn by a new address, there is no way to link the withdrawal to the deposit, ensuring complete privacy.
5. Protect Wallet [SOON] This is a wallet security protocol using the multi-signature method.
6. Crypto World [SOON] a service to find nearby places that accept crypto payments.
Project Goal : provide convenience and comfort to users and show to the world credibility of defi on tron so that people are not afraid and doubtful of defi and even interested in defi on tron ecosystem
How we built it
We at Alpha Finance build protocols and services that transact in cryptocurrencies. by building an analysis system from the tron protocol to prevent the loss of consumer assets and consumers can move their assets if the analysis results show that assets are vulnerable to being stolen and we also analyze the credit score of the user’s wallet, for loan applications. building loan services easily and transparently, building fiat integration services to make it easier for consumers to buy crypto, we also create convenience for consumer privacy by building private transaction protocols, and creating wallet security protocols, also built a service to find the nearest place related to crypto currency
Challenges we ran into
time limitations because we started building the app from june 15th and Building applications on TRON is a new thing for us and there is learning all the new tools like tronbox and tronIDE but we like to learn new things like this and we can solve them
Accomplishments that we're proud of
we started building the app from june 15th and we launched web UI, side projects, and massive upgrades in 4 weeks and after that we conducting testing and we're glad it's done even though it's not all . we proud that this project can be useful in solving problems for all people
What we learned
Our plan is to first build a robust and secure foundation, So what we are building is really a protocol, service, securely, and privately.
What's next for Alpha finance
We will continue to work on Protect wallet protocol and Crypto world services and soon after beta testing we will launch this project to tron mainnet .