Idea

An end-to-end platform where investors can invest using tez in startups and can sign SAFT/SAFEs on the platform itself. This platform keep track of cap-table whenever a round closes and startups can also pay their employees and vendors in tez. One super app to invest, raise funds, maintain cap-table, manage cash-flow and payroll & accounting done on-chain.

Overview

A full stack web app that combines investing, fund-raising, cap-table maintenance, cash-flow management, and on-chain payroll and accounting. Investors can sign SAFT/SAFEs after both startup and investor agree on the proposal and these documents are securely uploaded on blockchain using IPFS.

Problems we are Solving

Transactions based on USD and other currencies being centralised
Agreements may be changed by a centralised authority for their own financial gain.
Manipulation of accounts by hackers
Companies have to maintain different payroll system for employee’s salaries

Features of IstaFund

SAFT/SAFEs can be uploaded securely to blockchain with the help of Web3 Storage (IPFS).
Authentication and Authorization of user (Company/Investor)
Monitoring transactions on blockchain using Tez.
Multiple startups listed under various industry categories
Investors can submit proposals to different startups.
Businesses can keep their payrolls up to date.

Tech Architecture

Smart-Py (for Smart contract)
Web3 Storage with IPFS (for Storing contract over blockchain)
Tezos wallet (Temple Wallet, Taquito, Beacon-SDK)
NextJS (for Frontend and Backend Development)
Tailwind CSS/ Daisy UI (for Styling)
Supabase (for Database)

Read-Only Docs (By Developer)

Roles:

Investor
Company
Employee

Company

Company Name
Company Logo
Company Valuation
Company Found Year
Team Size
Location
Description
Website, Social links
Industry/Category
Cap Table
Company’s Offer (Equity/Asked Investment/Extra requirements(optional)) -> Funding Type (Seed, Round A, Round B…)
Wallet Address

Investor

Investor Name
Investor Image
Designation
Description
Age / DOB
Pocket me kitna paisa hai
Interested company categories
Email/Contact No. (Verified)
Wallet Address

Blockchain Stuff

Smart Contract Data Structure:

Investment_count (number)
Investment (hash-map: key:investment_count : value:investment_object)
Wallet_address (default - investor)
Wallet_address (company) - where amount is forwarded
investor_ID
company_ID
transaction_amount
transaction_hash
Agreement_file_CID
Agreement_file_name
Metadata (object)

Transaction Workflow:

Checking Wallet Balance for investor Account (Gas fees inclusive)
Upload Signed Agreements to Web3.storage (Getting CID, and file_name)
Transferring TEZ coins to the company address (Getting transaction hash) (Will try to integrate in smart contract itself to make it DeFi)
Call Smart Contract to store the investment transaction.

Database Schema Design

User Schema
user with email / google login / Phone No. Auth (OTP) (May have to store in database))

_id
Email
Password
profile_id

Profile Schema

Investor: (as an individual / as a company)

_id
user_id
Name
Logo (img)
Description
Location
Social_Links (website/linkedin/twitter)
Designation
Wallet_Address
Interested_Category (ML/AI)
Team_Members (only as a company)
Current_Investment [Array… Comapny_name, Invested_Year, Total Funds, Equity)

Company:

_id
user_id
Name
Logo (img)
Description
Location
Social_Links (website/linkedin/twitter)
Founded_Year
About_Company
Team_Size
Category (Dropdown)
Total_Raise( tez )
Want_to_Raise (tez )
Wallet_Address
Team_Members [Array… (img, name, company_name, linkedin, twitter)]

Cap Table Schema

Conversation Schema

Investor_id
Company_id
Message [...Array, message_id ]
Amount (tez)
isActive = bool

Message Schema { title, description, type(optional), role (company/investor)}

Transaction History (Will get using Taquito)

Store Legal Documents on Firebase bucket (except signed ones -> IPFS via Web3.storage )

mondalraj/InstaFund