# \[OPEN GRANT APPLICATION\] GMX \<\> Copin Analyzer **URL:** \ **Category:** Grants\ **Created:** [November 27, 2023, 10:34am UTC](https://gov.gmx.io/t/open-grant-application-gmx-copin-analyzer/2718 "2023-11-27T10:34:37Z")\ **Posts on this page:** 11\ **Page:** 1
**Author:** ![Anol](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/anol/32/1006_2.png) [@Anol](https://gov.gmx.io/u/Anol)\ **Post date:** [November 27, 2023, 10:34am UTC](https://gov.gmx.io/t/open-grant-application-gmx-copin-analyzer/2718/1 "2023-11-27T10:34:37Z")
# Open Grant Proposal ## SECTION 1: APPLICANT INFORMATION **Applicant Name or Alias** : 0xAnol **Project Name** : Copin Analyzer **Project Description:** Copin is an on-chain data analytics solution designed for Perpetual DEX protocols, enabling users to explore, analyze, copy trading, and more usecases using on-chain traders’ data sourced from Perpetual DEXs such as GMX and more. [https://i.ibb.co/c2x6mS4/20231122-142834.gif(image larger than 10 MB)](https://i.ibb.co/c2x6mS4/20231122-142834.gif) **Team Members and Qualifications:** - [Telegram: Contact @leecopin](https://t.me/leecopin) : CEO / Product Owner - [Telegram: Contact @Anol0x](https://t.me/Anol0x) : CMO / Business & Community leader - [Telegram: Contact @Tothehellxxx](https://t.me/Tothehellxxx) : CTO / Backend / Smart contract developer - [Telegram: Contact @vietdn](https://t.me/vietdn) : COO / Product Owner - [Telegram: Contact @jack\_poterio](https://t.me/jack_poterio) : CPO / Product Manager - Development team: Comprising 11 core contributors working full-time across various roles such as Product Owner, Product Manager, QC, tester, Back-end, front-end, smart contract, UX/UI designer. - Business & Community team: Consisting of 6 core contributors working full-time across positions like community manager, ecosystem manager, BD, content creator, marketer, and graphic designer. **Project Links:** - Website: [https://copin.io/](https://copin.io/) - DApp: [https://app.copin.io/](https://app.copin.io/) - Document: [https://docs.copin.io/](https://docs.copin.io/) - Twitter: [https://twitter.com/copin\_io](https://twitter.com/copin_io) - Telegram Global (Chat): [Telegram: View @Copin\_io](https://t.me/Copin_io) - Github: [Copin Protocol · GitHub](https://github.com/copin-protocol) - Discord: [Copin Analyzer](https://discord.gg/jaJu8USARd) - Youtube: [https://www.youtube.com/@CopinAnalyzer](https://www.youtube.com/@CopinAnalyzer) - Substack: [https://copin.substack.com/](https://copin.substack.com/) **Grant Type:** Open Grant ### Contact Information: **TG:** [Telegram: Contact @Anol0x](https://t.me/Anol0x) **Twitter:** [https://twitter.com/0xanol](https://twitter.com/0xanol) **Email:** [anol@copin.io](mailto:anol@copin.io) ## SECTION 2: GRANT INFORMATION **Requested Grant Size:** 100k $ARB **Grant Matching:** N/A Grant Breakdown: | Category | $ARB Allocation | Details | | --- | --- | --- | | 1. GMX V2 integration | 40,000 $ARB | The project involves integrating GMX v2 data into Copin, enabling visualization of metrics in GMX Trader Explorer, incorporating trader profile details, position specifics, and the GMX v2 trader leaderboard, implementing copy trading via the ERC4337 Account Abstraction mechanism with a smart wallet infrastructure directing all trading volume through GMX v2, and conducting a comprehensive audit of smart contracts. | | 2. Copy Trading competition on GMX v2 | 40,000 $ARB | The copy trading competition spans 8 rounds over 2 weeks each, offering a $5,000 $ARB prize pool per round allocated to the top performers: 1st place receives 2,000 $ARB, 2nd to 5th place gets 500 $ARB each, and 6th to 10th place receives 200 $ARB each based on their Profit and Loss performance. | | 3. Incentive program | 10,000 $ARB | The incentive program targets users achieving a minimum $1,000 copy trading volume on Copin via GMX v2, offering a total prize of 10,000 $ARB distributed to 500 eligible users at 20 $ARB each, operating on a first-come, first-served basis. | | 4. Marketing & community | 10,000 $ARB | Marketing for KOLs, influencers, and community operation | | Total | 100,000 $ARB | | **Funding Address:** 0x5f680C8Ed77204eb8e117496d8E15667f8aEBaBE **Funding Address Characteristics:** ^ Safe wallet, 2/2 multisig **Distribution Contract Address:** 0x5f680C8Ed77204eb8e117496d8E15667f8aEBaBE (same) **Incentivised Contract Addresses: TBD** ## SECTION 3: GRANT OBJECTIVES AND EXECUTION **Objectives:** The grant will serve to achieve several pivotal objectives, including: - Seamless integration of GMX v2 into Copin, encompassing: - Introduction of a copy trading competition aimed at engaging and incentivizing the community and new users: - Launching an incentive program for participants achieving a minimum copy trading volume of $1,000 on Copin through GMX v2, utilizing a first-come, first-served mechanism. - Collaborating with KOLs and influencers to bolster communication, fostering substantial resonance and widespread promotion of the copy trading contest and incentive programs among users and the community. **Key Performance Indicators (KPIs):** | KPI | Description | Target | | --- | --- | --- | | Monthly trading volume | Volume routed through GMX v2 via copy trading on Copin | $50+ million per month | | Monthly TNXs | Number of trade orders executed through GMX v2 via copy trading on Copin | 100,000+ orders per month | | Monthly Active users (MAU) | Number of active users per month, including those using copy trading and those using Copin for analysis, exploration, and performance evaluation of their or other traders’ trading histories on perpetual DEXs | 1,000+ active users | **How will receiving a grant enable you to foster growth or innovation within the GMX ecosystem?** Receiving this grant will significantly boost Copin’s capabilities to enhance growth and innovation within the GMX ecosystem in several ways: - Elevating Copy Trading: In both traditional finance and the crypto space, copy trading stands as a cornerstone product. It’s the easiest way to onboard new users into trading products, as copying skilled or profitable traders is an innate human desire. Copin’s blockchain-based development in the realm of perpetual DEX, with GMX as its pioneering flagbearer, provides a new level of personalization. Users can comfortably analyze, explore, and personalize their trading strategies before copying (with 100% transparent data). - Infrastructure for Analysis: Copin has established infrastructure aiding users in easy trader analysis and exploration with diverse tools like filtering and leaderboards. This grant from GMX will facilitate Copin in reaching a broader user base outside GMX. The grant will significantly drive new user participation in exploring GMX traders’ analyses and copying them through GMX v2, thereby reinforcing and disseminating GMX’s position as the top decentralized perpetual DEX. - Beyond Trader Analysis: Copin isn’t solely focused on developing on-chain trader analysis and copying features. It also serves as an on-chain data analytics solution tailored for perpetual DEX protocols. By aggregating data from on-chain traders across various perpetual DEXs, Copin opens new gateways for the perpetual DEX ecosystem at large, including GMX’s future landscape. **Execution Strategy:** - The allocated grant funds will be meticulously managed and strictly overseen in accordance with a project plan approved by the entire team. - The grant funds designated for product development will be disbursed following thorough assessment and released over time as individual features are tested and launched. These include integrating use cases involving data from GMX v2, Telegram bot alerts, GMX v2 leaderboards, backtesting, and copy trading via GMX v2. - Funds allocated for the copy trading competition and incentive program will be distributed and managed as outlined below: **Grant Timeline and Milestones:** Total Timeline: 4-5 months, segmented as follows: - Milestone 1: Allocation of 40,000 $ARB for GMX v2 integration, encompassing the aforementioned features. Expected completion within 1-2 months. - Milestone 2: 30,000 $ARB designated specifically for: - Milestone 3: Allocation of 30,000 $ARB to conduct 6 consecutive rounds of the copy trading competition continuously over the following 3 months. Upon approval of this grant proposal, Copin proposes that an advance transfer of 20,000 $ARB from milestone 1 be made to expedite the completion of this initial phase. Upon fulfilling milestone 1, Copin will receive the remaining 20,000 $ARB from milestone 1. Subsequently, the grant from milestone 2 will be received to initiate marketing, incentive, and competition campaigns as outlined in the plan and milestones. Finally, milestone 3 will be executed to conclude the entire copy trading contest. **Fund Streaming:** While we strongly advocate for securing funding in alignment with the outlined plan within the grant’s timeline and milestones section, we remain open to the possibility of adapting the distribution of this grant’s funding to better suit the evolving needs of the Copin project. We believe such flexibility will contribute to the project’s optimal development. We are open to discussing and refining the funding distribution process as deemed suitable through collaborative dialogue. ## SECTION 4: PROTOCOL DETAILS **What date did you build on GMX?:** Copin started building in April 2023 and officially launched the first version on August 8, 2023 with the integration of nearly 300,000 trader data from GMX v1. **Protocol Performance (** **[Copin Stats | Copin Analyzer](https://app.copin.io/stats)** **)** - Total Volume of copy trading: $9.5+ million. (Volume copy trading is currently routed through the API of BingX exchange) - Total copiers: 500+. - Total Orders: 19,600+. ![](https://us1.discourse-cdn.com/flex020/uploads/gmx/original/1X/ed4f73d42887bfcec47f58326cf5c5078c010861.png) ![](https://us1.discourse-cdn.com/flex020/uploads/gmx/original/1X/e5108427c99ebd139339c395d38b52698de98900.png) **Protocol Roadmap:** **Core feature** ✅ A perpetual on-chain data structure: Trader data, position data. ✅ Data filtering by statistics & percentile ranking ✅ Single backtesting & multiple backtesting ✅ Referral program 🔲 Wallet management: Account abstraction ERC4337 with smart wallet infrastructure 🔲 Telegram alert bot 🔲 Trader comparision & Similar traders 🔲 NFT subscription for premium features 🔲 Mobile application for iOS and Android **GMX v1** ✅ GMX v1 trader explorer ✅ GMX v1 trader leaderboard ✅ GMX v1 trader top opening positions ✅ GMX trader profile ✅ Copy trading with GMX v1 trader via BingX APIs **GMX v2** 🔲 GMX v2 trader explorer 🔲 GMX v2 trader top opening positions 🔲 GMX v2 trader leaderboard 🔲 GMX v2 trader profile 🔲 Integrate decentralized copy trading using GMX v2 **Some outstanding features that Copin has launched:** - GMX Trader Explorer ([Trader Explorer | Copin Analyzer](https://app.copin.io/?protocol=GMX)) - Top Opening position on GMX ([Top Opening Positions on GMX (ARB) | Copin Analyzer](https://app.copin.io/GMX/top-openings)) - GMX Trader Profile - GMX trader position detail - GMX trader leaderboard ([Trader Explorer | Copin Analyzer](https://app.copin.io/leaderboard?protocol=GMX)) **Audit History (if any):** N/A ## SECTION 5: Data and Reporting **Is your team prepared to create Dune Spells and/or Dashboards for your incentive program?:** Yes! We will create a dashboard on Dune to provide complete transparency for the program. Additionally, the data regarding the copy trading competition will occur on-chain and be open for anyone interested in analysis. **Does your team agree to provide bi-weekly program updates on the GMX Forum thread?** Yes, we agree to provide bi-weekly updates on the GMX Forum thread. We are accustomed to regular updates on X, which makes expanding this operation to the GMX Forum feasible and ensures transparent and consistent communication about our program’s progress **Does your team acknowledge that failure to comply with any of the above requests can result in the halting of the program’s funding stream?** Yes ---
**Author:** ![Saurabh](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/saurabh/32/1237_2.png) [@Saurabh](https://gov.gmx.io/u/Saurabh)\ **Post date:** [November 27, 2023, 10:40am UTC](https://gov.gmx.io/t/open-grant-application-gmx-copin-analyzer/2718/2 "2023-11-27T10:40:06Z")
Thanks for submitting a grant application. The Grants Committee has started its review process. ---
**Author:** ![Anol](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/anol/32/1006_2.png) [@Anol](https://gov.gmx.io/u/Anol)\ **Post date:** [November 27, 2023, 11:09am UTC](https://gov.gmx.io/t/open-grant-application-gmx-copin-analyzer/2718/3 "2023-11-27T11:09:04Z")
Thank you, if you have any questions, or if anything is unclear. I am happy to explain to you more clearly about this grant proposal. ---
**Author:** ![hoangzk](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/hoangzk/32/504_2.png) [@hoangzk](https://gov.gmx.io/u/hoangzk)\ **Post date:** [November 28, 2023, 2:15am UTC](https://gov.gmx.io/t/open-grant-application-gmx-copin-analyzer/2718/4 "2023-11-28T02:15:18Z")
Always support Copin to bring a new narrative - Copy Trading to GMX with a friendly and easy to use UI 🙏 ---
**Author:** ![papa](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/papa/32/777_2.png) [@papa](https://gov.gmx.io/u/papa)\ **Post date:** [November 28, 2023, 5:13am UTC](https://gov.gmx.io/t/open-grant-application-gmx-copin-analyzer/2718/5 "2023-11-28T05:13:09Z")
Perpie supports this proposal! ---
**Author:** ![Anol](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/anol/32/1006_2.png) [@Anol](https://gov.gmx.io/u/Anol)\ **Post date:** [November 28, 2023, 7:32am UTC](https://gov.gmx.io/t/open-grant-application-gmx-copin-analyzer/2718/6 "2023-11-28T07:32:28Z")
Thanks papa from Perpie! Happy to receive your support for Copin! Copin wants to contribute to the development of GMX as well as the ecosystem of perpetual DEX also, like Perpie do! ---
**Author:** ![Anol](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/anol/32/1006_2.png) [@Anol](https://gov.gmx.io/u/Anol)\ **Post date:** [November 30, 2023, 10:44am UTC](https://gov.gmx.io/t/open-grant-application-gmx-copin-analyzer/2718/7 "2023-11-30T10:44:04Z")
@Saurabh @Jonezee I am very happy to inform that Copin has just launched private beta version v0.5.0. So The Grants Committee can keep up to date with the Copin project’s progress. Some updates as follows: 1. Detailed percentile ranking with trader **comparision & similar** trader with the same or different DEXs ![image](https://us1.discourse-cdn.com/flex020/uploads/gmx/original/1X/9b108d83ec80477e689937284b6c966e13f692e1.jpeg) 1. Integrate settings to receive GMX trader alerts through telegram bot easily on Copin: Track their trading behavior) & also get real-time copy trade alert. ![image](https://us1.discourse-cdn.com/flex020/uploads/gmx/original/1X/12796279ebd4a8371a842748832832dbd9f7453e.png) 1. Customize fields in percentile ranking radar chart (with premium account) ![Screen Shot 2023-11-30 at 5.33.13 PM](https://us1.discourse-cdn.com/flex020/uploads/gmx/original/1X/c61d3646741e956191bfcf81b97e2239b509d821.png) 1. You can track GMX trader data all time statistics (with premium account) 2. Mobile UX/UI responsive optimization Besides, I also look forward to receiving feedback from you about Copin’s grant proposal. If it is not clear, I am willing to answer or adjust according to your feedback to the most appropriate. Thanks 🍻 ---
**Author:** ![0xBEO](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/0xbeo/32/527_2.png) [@0xBEO](https://gov.gmx.io/u/0xBEO)\ **Post date:** [November 30, 2023, 10:47am UTC](https://gov.gmx.io/t/open-grant-application-gmx-copin-analyzer/2718/8 "2023-11-30T10:47:30Z")
Thats really awesome. I’m your fan 🤲 ---
**Author:** ![kiemdaothongthan](https://avatars.discourse-cdn.com/v4/letter/k/7cd45c/32.png) [@kiemdaothongthan](https://gov.gmx.io/u/kiemdaothongthan)\ **Post date:** [November 30, 2023, 10:48am UTC](https://gov.gmx.io/t/open-grant-application-gmx-copin-analyzer/2718/9 "2023-11-30T10:48:31Z")
Really very cool! When GMX V2 sir? ---
**Author:** ![CredegarFhristensen](https://avatars.discourse-cdn.com/v4/letter/c/4af34b/32.png) [@CredegarFhristensen](https://gov.gmx.io/u/CredegarFhristensen)\ **Post date:** [December 4, 2023, 9:08pm UTC](https://gov.gmx.io/t/open-grant-application-gmx-copin-analyzer/2718/10 "2023-12-04T21:08:29Z")
Hi, thank you for your grant application; is there a timeline for the latest Copin would commit to having GMX v2 integration live? i think that would help build confidence this is a strong proposal otherwise; can you say more about your userbase and your relationship to them? ---
**Author:** ![Anol](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/anol/32/1006_2.png) [@Anol](https://gov.gmx.io/u/Anol)\ **Post date:** [December 5, 2023, 4:01am UTC](https://gov.gmx.io/t/open-grant-application-gmx-copin-analyzer/2718/11 "2023-12-05T04:01:00Z")
Hi @CredegarFhristensen Thank you for your feedback and interesting questions. We’ve updated the detailed timing for integrating GMX v2 as follows, comprising two main integration phases: **1. GMX v2 data integration (trader profiles, position history, open positions, Telegram bot alerts, trader leaderboard, backtesting)** - Testnet: 3/1 - Mainnet: 10/1 **2. GMX v2 decentralized copy trading** - Testnet: 20/3/2024 - Mainnet: 20/4/2024 Note: - Our core Copin development team, primarily based in Vietnam, will observe a Lunar New Year break from 8/2 to 14/2, affecting the overall progress of GMX v2 Copy Trading feature. Hence, we’ve scheduled the testnet and mainnet releases accordingly. - Upon the release of GMX v2 decentralized copy trading, we’ll initiate copy trading competitions and incentive programs as outlined in the grant proposal. - If this proposal’s timing doesn’t align with GMX’s roadmap or if adjustments are needed, please inform me. We can discuss adapting the development timeline for better alignment. Copin’s current user base primarily consists of traders from the Vietnamese community and a user segment from perpetual DEX, interested in copying trades across these platforms. Additionally, traders view us as a reliable source for information, utilizing our data and analysis to enhance their trading skills. Our core Copin team is predominantly from Vietnam, maintaining strong ties with trading communities in Vietnam, Southeast Asia, and Asia at large (China, Indonesia, the Philippines, Thailand, Korea, etc.). These regions offer easy access for us to engage and collaborate with community leaders, inviting their participation in Copin competition & incentives programs. Thanks,