Hashkey Grant Application

[niko2459]

Grant Type

Session 1

Email

[email protected]

Telegram

@fufuture_uu

X/Twitter Handle

@fufuture_io

Discord/Community

No response

Previous Application

www.fufuture.io N/A

Code Audit

https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Shield-v1.0.pdf

Project Information

1. Fufuture is the derivative trading protocol with the most public chain deployments and the fastest deployment speed, offering exclusive token-based perpetual options products, dedicated to meeting the trading needs of all on-chain users.

2. Success Potential:

   • Solves the issue of market shrinkage in the existing market.
   • Successfully launched token-based perpetual options.
   • The team was the first to launch forward perpetual contracts.

3. Fufuture's target users are on-chain token holders, which can increase on-chain token interaction and drive GAS fee revenue.

4. ○ Supports all tokens for derivative trading, with purely on-chain transactions to ensure fair trading.
   ○ Options trading offers low-risk, high-reward opportunities with no liquidation risk.

5. Intellectual property protection prevents the code from being open-sourced for now.

6. Only transaction fees are charged.

7. Allows other token issuance projects to participate in derivative trading.

Market Analysis

1.GMX、dYdX - Users are unable to directly use the tokens they hold for derivative trading.
- Contract trading is highly risky, with the possibility of liquidation.
Fufuture - Allow users to trade with any token, without the risk of liquidation, ensuring low trading risks.

2.The product already has approximately several hundred users on other chains, as determined by on-chain interaction data.

Recipient Address

0xB155170B328FbE815637481bf8f74cdaEEa6bBf1

Budget and Plan

1. $50,000 - $100,000, to be used for trading user incentives (to promote transactions)

2. ● Short-term plan (2024):
   ○ Launch V2 features to enhance user experience. (Launched)
   ○ Drive global market expansion and collaborate with more ecosystem projects.

● Mid-term plan (2025):
○ Introduce perpetual contracts, futures, and standard options.
○ Expand liquidity pools to attract more tokens and trading volume.

● Long-term plan (2026-2029):
○ Provide hedging tools for global enterprises.
○ Achieve multi-chain deployment, covering more ecosystems.

3. 35% Foundation (for partnerships and airdrops)
   10% Business
   5% Advisors
   50% Ecosystem (Trading Mining)

4. Tokens are only released through trading and airdrop activities

5. No incentives are required after the user generates a transaction, transactions are initiated automatically.

6.Smart contract address：0x83950cf3cbd2bb3907bc476a4470bf8d7dd31c8e
Wallet address:0x3550Fa88a7A9840b011F999217A370fBB28261ab（Each trading pool is different, and since it updates dynamically, it cannot be tracked.）

Hashkey Relationship

1.Our product features can activate the trading of on-chain native assets, enhancing the interactivity between assets and the blockchain.

2.Market Pain Points:

• Users are unable to directly use the tokens they hold for derivative trading.
• Traditional financial derivative trading is highly risky, with liquidation issues.

Solution:

• Offer decentralized token-based perpetual options trading, without the need to convert to stablecoins.
• Reduce user risk through Nash equilibrium-based non-cooperative game theory design.

Technology & Innovation:

• Support derivative trading for all tokens, with fully on-chain transactions to ensure fair trading.
• Provide cross-chain asset management, enabling a seamless trading experience.

Why It Matters to Funders:

• Fufuture provides a financial derivative protocol, increasing the usage of public chain gas fees, helping project tokens increase liquidity, and ultimately addressing secondary market selling pressure.
• The project has already demonstrated market potential, with its highest activity on the BSC chain, and has the ability to bring more assets and users to the ecosystem in the future.

3. • Bring more users and assets to the ecosystem.

• Enhance interoperability between ecosystem protocols.

4.It has already been deployed on the Hashkey testnet.

Milestones

1.Milestone 1: Deployment on the Hashkey mainnet, scheduled for January 2025.
2.Milestone 2: Twitter promotion and initiate incentive activities.
3.Milestone 3: Transition trading users and achieve a user retention rate of over 10%.

Terms Confirmation

• I confirm that all information provided is true and accurate
• I understand and agree to comply with the grant policies
• I understand the KYC requirements
• I confirm token distribution complies with legal requirements