Hi there!
I’m Francisco, the proud CTO and co-founder of ARMS. Dive into our vision at (https:// armsweb3.com)
What is ARMS?
ARMS, short for Automatic Risk Management System, is a pioneering platform, designed with the intent to be chain agnostic and bridge the CeFi and DeFi worlds. Our AI-driven algorithms provide digital asset holders with an unparalleled tool to manage and optimize their portfolios, all while navigating the intrinsic volatility of the crypto market.
The Underlying Challenge:
Both DeFi and CeFi, while bursting with potential, come with their set of complexities. Without the right tools, investors often grapple with unforeseen risks and missed opportunities.
How Does ARMS Address This?
Being chain agnostic, ARMS aim is to integrate seamlessly with various blockchain ecosystems, enhancing user experience irrespective of their chosen platform. With our system, you’re not limited by borders. Instead, you gain a fluidity that allows for swift, intelligent asset management whether you’re operating in centralized or decentralized finance environments.
What’s the Current Status?
Having been blessed with $250K from angel investors and an additional $150K through the Microsoft Founders Program, we’ve successfully rolled out an operational system hosted on Microsoft’s cloud services. Currently, in its alpha phase, ARMS is up and running, free to use, boasting 25+ users, and managing over 50K in AUM.
Our Next Leap Forward:
While we’ve made significant strides, our ambitions soar higher. We’re gearing up to transition from a cloud-based CeFi system to a more decentralized, blockchain-driven DeFi environment. To achieve this transformative shift, we’re seeking funding to the tune of $600K.
$600K Funding Breakdown:
- Blockchain Integration & Development: Transitioning from a cloud-based system to a blockchain environment involves significant reengineering.
- Cost: $180K (30%)
- Smart Contract Development & Audits: Smart contracts are the backbone of any DeFi system. Ensuring they’re secure and efficient is paramount.
- Development: $60K (10%)
- Audits: $30K (5%)
- User Experience (UX) and User Interface (UI) Design: Transitioning to a blockchain-based system might require UI/UX adjustments to cater to the new platform.
- Cost: $75K (12.5%)
- Infrastructure: Maintaining a resilient infrastructure, including nodes, backups, and other key components.
- Cost: $45K (7.5%)
- Regulatory & Compliance: Ensuring that ARMS operates within the legal frameworks of its target markets. This may involve legal consultations and adjustments to ensure compliance.
- Cost: $50K (8.33%)
- Marketing & Community Building: Awareness and trust are vital in the DeFi space. Funds will be allocated to grow and nurture the user base.
- Cost: $50K (8.33%)
- Liquidity Pools & Initial Incentives: To kickstart the DeFi ecosystem, initial liquidity might be required. Incentives might also be offered to early adopters.
- Cost: $45K (7.5%)
- Operational Expenses: This includes salaries, rent (if applicable), software subscriptions, and other recurring costs.
- Cost: $50K (8.33%)
- Contingency Fund: Unforeseen expenses, market changes, or additional resources can always pop up in a project’s journey.
- Cost: $15K (2.5%)
Why Do We Need This Grant?
The funds will propel our venture into its next phase, aiding us in integrating and adapting our solution to be more in tune with the DeFi ecosystem. It’s not just about a shift in platform but a paradigm change in how we approach digital asset management.
What’s the Endgame?
Our aim is to redefine how individuals and institutions interact with their digital assets. By bridging the CeFi-DeFi divide with ARMS, we aspire to make the digital finance realm more accessible, efficient, and secure for everyone.
Join us on this journey to reshape the future of digital asset management!
If you have questions or thoughts, please don’t hesitate to reach out via email [ arms@digitalmzn.io]. We appreciate your attention and support.