Proposal Discussion - AssetX Bounty for Coinstore On/Off Ramp Integration (3500 DOT)
Posted by: Gabe / AssetX Date: March 18, 2025 Proposal Overview: The team and I at AssetX are excited to propose a new initiative to enhance the Polkadot ecosystem by establishing an on/off ramp for Asset Hub DOT tokens on Coinstore. Coinstore is a Top 40 Centralized Exchange on CoinGecko &amp; Top 50 Exchange on CMC and will bring new users to the Polkadot ecosystem.
To support this integration, we are requesting a small spender bounty of 3500 DOT to incentivize and fund the development of this infrastructure. This discussion aims to gather community feedback before submitting the proposal to OpenGov for a vote. Details of the Proposal: Type: On/Off Ramp (via Centralized Exchange)
Deliverable: Integration of an on/off ramp for DOT tokens on Coinstore, enabling seamless fiat-to-DOT and DOT-to-fiat transactions.
Small Spender Bounty Size: 3500 DOT (DOT EMA7 Price ( USD ): $4.26; Number of USD: $14,895.77 based on March 18, 2025, DOT price)
Timeline: Development and integration expected to be completed within 3-4 months following bounty approval, with regular updates provided to the community.
Ecosystem Benefit: This integration will bring several key advantages to the Polkadot ecosystem, such as;
<ul>
<li>Improved Accessibility: Coinstore, as a centralized exchange with a growing user base, will provide an additional entry point for new users to join the Polkadot ecosystem via DOT token transactions. This aligns with the ecosystem&rsquo;s vision of broadening access to its native assets.</li>
<li>Liquidity Boost: By enabling fiat on/off ramps for DOT, this initiative will enhance liquidity and usability for both existing and prospective DOT holders, making Polkadot more competitive in the broader crypto market.</li>
<li>Scalable Infrastructure: Partnering with Coinstore strengthens the network of service providers supporting Polkadot, offering a scalable and user-friendly solution for fiat-to-crypto conversions without requiring users to navigate complex processes.</li>
</ul>
While Coinstore is not yet as large as exchanges like KuCoin, its rapid growth and focus on emerging markets make it a strategic partner for expanding Polkadot&rsquo;s reach. This bounty will incentivize Coinstore to prioritize DOT support, mirroring the success of prior integrations with CEXs and on/off ramps. Comparison to Previous Bounties
 To provide context, here are examples of similar initiatives previously funded by the Polkadot ecosystem: KuCoin Integration Type: Centralized Exchange Deliverable: Asset Hub integration with USDT deposits/withdrawals Child Bounty Size: $63,000 USD Ecosystem Benefit: Improved stablecoin liquidity and accessibility via a leading CEX. Status: Completed in March 2024.
Ramp Network Integration Type: On/Off Ramp Deliverable: Asset Hub integration with USDT, USDC, and DOT support; future direct-to-parachain on-ramps. Child Bounty Size: $60,000 USD Ecosystem Benefit: Simplified fiat-to-crypto access and scalable infrastructure for parachain support. Status: Delivered in April 2024, with parachain ramps in progress. 
Our proposed bounty of 3500 DOT is modest in comparison, reflecting Coinstore&rsquo;s current scale and the focused scope of enabling DOT on/off ramps. However, the potential impact on user adoption and ecosystem growth remains significant. Next Steps &amp; Commitment Upon approval of the bounty, AssetX will collaborate closely with Coinstore to ensure timely delivery of the on/off ramp functionality. We commit to providing regular progress updates to the community and aim to complete the integration by July 30, 2025], pending OpenGov approval. Should additional features (e.g., USDC, USDT Token support) become feasible, we will explore these in coordination with Coinstore and the Polkadot community. Call to Action: We invite the Polkadot community to share feedback, suggestions, or concerns regarding this proposal. Your input will help refine the initiative before it proceeds to a formal OpenGov vote. Let&rsquo;s work together to make Polkadot more accessible and user-friendly for all! Thank you, Gabe &amp; the AssetX Team
Website: <a href="https://asset-x.io/">https://asset-x.io/</a> DEX:&nbsp;<a href="https://asset-x.io/">https://app.asset-x.io/</a> Telegram: <a href="https://t.me/DotAssetX">https://t.me/DotAssetX</a> X: <a href="https://x.com/DOTAssetX">https://x.com/DOTAssetX</a> Github: <a href="https://github.com/AssetXdot">https://github.com/AssetXdot</a> Polkassembly: <a href="https://polkadot.polkassembly.io/user/AssetX">https://polkadot.polkassembly.io/user/AssetX</a> Grill: <a href="https://grillapp.net/24973?ref=24973">https://grillapp.net/24973?ref=24973</a> Polkadot Forum: <a href="https://forum.polkadot.network/u/steak-king/summary">https://forum.polkadot.network/u/steak-king/summary</a> Discord: <a href="https://discord.gg/rhQtprMSMr">https://discord.gg/rhQtprMSMr</a>

Proposal Discussion - AssetX Bounty for Coinstore On/Off Ramp Integration (3500 DOT)
Posted by: Gabe / AssetX Date: March 18, 2025 Proposal Overview: The team and I at AssetX are excited to propose a new initiative to enhance the Polkadot ecosystem by establishing an on/off ramp for Asset Hub DOT tokens on Coinstore. Coinstore is a Top 40 Centralized Exchange on CoinGecko &amp; Top 50 Exchange on CMC and will bring new users to the Polkadot ecosystem.
To support this integration, we are requesting a small spender bounty of 3500 DOT to incentivize and fund the development of this infrastructure. This discussion aims to gather community feedback before submitting the proposal to OpenGov for a vote. Details of the Proposal: Type: On/Off Ramp (via Centralized Exchange)
Deliverable: Integration of an on/off ramp for DOT tokens on Coinstore, enabling seamless fiat-to-DOT and DOT-to-fiat transactions.
Small Spender Bounty Size: 3500 DOT (DOT EMA7 Price ( USD ): $4.26; Number of USD: $14,895.77 based on March 18, 2025, DOT price)
Timeline: Development and integration expected to be completed within 3-4 months following bounty approval, with regular updates provided to the community.
Ecosystem Benefit: This integration will bring several key advantages to the Polkadot ecosystem, such as;
<ul>
<li>Improved Accessibility: Coinstore, as a centralized exchange with a growing user base, will provide an additional entry point for new users to join the Polkadot ecosystem via DOT token transactions. This aligns with the ecosystem&rsquo;s vision of broadening access to its native assets.</li>
<li>Liquidity Boost: By enabling fiat on/off ramps for DOT, this initiative will enhance liquidity and usability for both existing and prospective DOT holders, making Polkadot more competitive in the broader crypto market.</li>
<li>Scalable Infrastructure: Partnering with Coinstore strengthens the network of service providers supporting Polkadot, offering a scalable and user-friendly solution for fiat-to-crypto conversions without requiring users to navigate complex processes.</li>
</ul>
While Coinstore is not yet as large as exchanges like KuCoin, its rapid growth and focus on emerging markets make it a strategic partner for expanding Polkadot&rsquo;s reach. This bounty will incentivize Coinstore to prioritize DOT support, mirroring the success of prior integrations with CEXs and on/off ramps. Comparison to Previous Bounties 
To provide context, here are examples of similar initiatives previously funded by the Polkadot ecosystem: KuCoin Integration Type: Centralized Exchange
Deliverable: Asset Hub integration with USDT deposits/withdrawals
Child Bounty Size: $63,000 USD
Ecosystem Benefit: Improved stablecoin liquidity and accessibility via a leading CEX.
Status: Completed in March 2024.
Ramp Network Integration Type: On/Off Ramp
Deliverable: Asset Hub integration with USDT, USDC, and DOT support; future direct-to-parachain on-ramps.
Child Bounty Size: $60,000 USD
Ecosystem Benefit: Simplified fiat-to-crypto access and scalable infrastructure for parachain support.
Status: Delivered in April 2024, with parachain ramps in progress.
Our proposed bounty of 3500 DOT is modest in comparison, reflecting Coinstore&rsquo;s current scale and the focused scope of enabling DOT on/off ramps. However, the potential impact on user adoption and ecosystem growth remains significant. Next Steps &amp; Commitment Upon approval of the bounty, AssetX will collaborate closely with Coinstore to ensure timely delivery of the on/off ramp functionality. We commit to providing regular progress updates to the community and aim to complete the integration by July 30, 2025], pending OpenGov approval. Should additional features (e.g., USDC, USDT Token support) become feasible, we will explore these in coordination with Coinstore and the Polkadot community. Call to Action: We invite the Polkadot community to share feedback, suggestions, or concerns regarding this proposal. Your input will help refine the initiative before it proceeds to a formal OpenGov vote. Let&rsquo;s work together to make Polkadot more accessible and user-friendly for all! Thank you, Gabe &amp; the AssetX Team
Website: <a href="https://asset-x.io/">https://asset-x.io/</a> DEX:&nbsp;<a href="https://asset-x.io/">https://app.asset-x.io/</a> Telegram: <a href="https://t.me/DotAssetX">https://t.me/DotAssetX</a> X: <a href="https://x.com/DOTAssetX">https://x.com/DOTAssetX</a> Github: <a href="https://github.com/AssetXdot">https://github.com/AssetXdot</a> Polkassembly: <a href="https://polkadot.polkassembly.io/user/AssetX">https://polkadot.polkassembly.io/user/AssetX</a> Grill: <a href="https://grillapp.net/24973?ref=24973">https://grillapp.net/24973?ref=24973</a> Polkadot Forum: <a href="https://forum.polkadot.network/u/steak-king/summary">https://forum.polkadot.network/u/steak-king/summary</a> Discord: <a href="https://discord.gg/rhQtprMSMr">https://discord.gg/rhQtprMSMr</a>

Open Asset Hub On/Off Ramp on Coinstore - a Top 40 Exchange on CoinGecko & Top 50 Exchange on CMC

- **Problem Statement:** AssetX proposes integrating an on/off ramp for DOT tokens on Coinstore to enhance accessibility to the Polkadot ecosystem.
- **Significance:** The integration will improve accessibility, boost liquidity, and provide scalable infrastructure for fiat-to-DOT transactions.
- **Proposed Solution:** Requesting a 3500 DOT bounty for developing the on/off ramp on Coinstore within 3-4 months.
- **Expected Outcomes:** Increased user adoption, enhanced ecosystem growth, and improved usability for DOT holders.

#2907 Open Asset Hub On/Off Ramp on Coinstore - a Top 40 Exchange on CoinGecko & Top 50 Exchange on CMC

No Active Proposals