Buy USDC and TFT using the threefold connect app #140

New Issue

thabeta · 2024-11-25T08:23:23Z

thabeta commented

2024-11-25 08:23:23 +00:00

TFT BUY Features

Purpose is to make it super easy for people to buy TFT for large & small amounts

Buy TFT using Stellar
- Amount of TFT we want to buy expressed in USDC or DGLD
- Check in their stellar if they don’t have that USDC yet go to Buy USDC
- Use stellar Dex
- Show their order they have placed
Buy USDC for Stellar
- Amount of USDC they want to buy
- If < 10k
  - Give them X choices (tell them % loss)
  - Each choice should link to a page where it's filled in so they just need to use credit card
- If >10 k
  - Suggest them to go on an exchange e.g. Binance, Kraken and buy USDC there and then transfer to Stellar. We need a super small ebook (docusaurus based building on github, so it's clear this is community based info) for that which is only focussed on that part.
Buy DGLD on Stellar
- Explain in couple sentences that we bring them in contact
- If < 10k
  - Not possible today
- If >10k
  - Ask their email, and say we will bring them in contact with a gold supplier which will help to buy gold at the best possible price and that then they can exchange the DGLD to TFT.

Github story: https://github.com/threefoldtech/home/issues/1577

### TFT BUY Features Purpose is to make it super easy for people to buy TFT for large & small amounts - Buy TFT using Stellar - Amount of TFT we want to buy expressed in USDC or DGLD - Check in their stellar if they don’t have that USDC yet go to Buy USDC - Use stellar Dex - Show their order they have placed - Buy USDC for Stellar - Amount of USDC they want to buy - If \< 10k - Give them X choices (tell them % loss) - Each choice should link to a page where it's filled in so they just need to use credit card - If \>10 k - Suggest them to go on an exchange e.g. Binance, Kraken and buy USDC there and then transfer to Stellar. We need a super small ebook (docusaurus based building on github, so it's clear this is community based info) for that which is only focussed on that part. - Buy DGLD on Stellar - Explain in couple sentences that we bring them in contact - If \< 10k - Not possible today - If \>10k - Ask their email, and say we will bring them in contact with a gold supplier which will help to buy gold at the best possible price and that then they can exchange the DGLD to TFT. Github story: https://github.com/threefoldtech/home/issues/1577

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thabeta added the

Story

label 2024-11-25 12:23:07 +00:00

thabeta referenced this issue

2024-11-25 12:30:34 +00:00

Fiat Onramp with Stellar + TF Connect / Dashboard #137

mik-tf commented

2024-11-26 14:56:31 +00:00

Docs Story for USDC + TFT over 10k
- #138

# Related Issue - Docs Story for USDC + TFT over 10k - https://git.ourworld.tf/tfgrid/circle_engineering/issues/138

mik-tf was assigned by thabeta

2024-11-28 13:52:12 +00:00

thabeta added this to the tfgrid_3_16 project 2024-11-28 13:52:14 +00:00

thabeta self-assigned this 2024-11-28 15:07:09 +00:00

mik-tf was unassigned by thabeta

2024-11-28 15:07:09 +00:00

thabeta commented

2024-12-09 09:56:43 +00:00

stellar DEX requires XLM to be able to place/modify orders. Threefold Services only funds payments transactions and doesn't support DEX operations, however if that gets supported even, tradingbots can drain threefold wallets. Should we ask the user to keep a min balance of XLM? keep in mind that's a TFT app and as a User I shouldn't think of anything else. Swapping also requires XLM and also there's the factor of high fees of XLM

mik-tf commented

2024-12-09 19:38:55 +00:00

"that's a TFT app and as a User I shouldn't think of anything else"

I agree with this, but I think we then want to see two levels of the TF App use: (1) a basic TFT-only use of the app as it is now, and (2) a second layer of TFT+XLM+Swap+Dex use of the app.

If a user wants to use the app just for TFT, we leave it as is. But if they want to trade and buy TFT using Stellar, then they will need XLM as you say. So I think it's OK to ask users to get some XLM.

In short, I think it's OK to ask users to keep a min balance of XLM if they want to use the "advanced" features of TF app.
This means they should be able to see XLM assets on the app too.

For the fees, Stellar fees should be very minimal, e.g. StellarX pays back the XLM fees used in transaction, maybe we can use their functionalities? I hope that helps.

"that's a TFT app and as a User I shouldn't think of anything else" I agree with this, but I think we then want to see two levels of the TF App use: (1) a basic TFT-only use of the app as it is now, and (2) a second layer of TFT+XLM+Swap+Dex use of the app. If a user wants to use the app just for TFT, we leave it as is. But if they want to trade and buy TFT using Stellar, then they will need XLM as you say. So I think it's OK to ask users to get some XLM. In short, I think it's OK to ask users to keep a min balance of XLM if they want to use the "advanced" features of TF app. This means they should be able to see XLM assets on the app too. For the fees, Stellar fees should be very minimal, e.g. StellarX pays back the XLM fees used in transaction, maybe we can use their functionalities? I hope that helps.

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