Mantle PayBot

A Telegram bot for easy and scheduled MNT cryptocurrency transfers on the Mantle network.

Problem Statement

In the world of cryptocurrency, transferring funds can be complex and intimidating for non-technical users. Traditional methods require users to handle private keys, wallet addresses, and blockchain interactions directly, which can lead to errors, security risks, and a poor user experience. Additionally, scheduling payments or sending funds at specific times is not straightforward in most crypto wallets. Mantle PayBot addresses these issues by providing a simple, Telegram-based interface for sending and scheduling MNT (Mantle) cryptocurrency transfers, making crypto payments as easy as chatting with a bot.

Features

Wallet Linking: Users can link their wallet to their Telegram username via the smart contract, ensuring secure and verified associations.
Instant Transfers: Send MNT immediately to any linked recipient using simple commands.
Scheduled Payments: Schedule payments to be executed at a future time, with automatic processing.
User-Friendly Commands:
- /start: Display available commands.
- /link: Link your wallet by entering your private key (or use 'demo' for testing).
- /sendnow @username amount: Send MNT immediately to the specified user.
- /schedule @username amount delay_minutes: Schedule a payment with a delay.
Automated Execution: The bot automatically checks and executes scheduled payments using a cron job.
Security: Private keys are handled securely, and transactions are signed and sent via the smart contract.

Smart Contract Overview

The Mantle PayBot relies on a Solidity smart contract deployed on the Mantle network. The contract provides the following key functionalities:

linkWallet(string username): Associates a user's wallet address with their Telegram username on-chain.
schedulePayment(address recipient, address token, uint256 amount, uint256 executeAfter, uint256 value): Schedules a payment to be executed at a specific timestamp. The recipient is the wallet address, token can be the native token or an ERC-20, amountis the transfer amount, executeAfter is the Unix timestamp for execution, and value is the ETH/MNT value sent with the transaction.
payments(uint256 index): A view function to retrieve details of a scheduled payment by index.
executePayment(uint256 index): Executes a scheduled payment if the current time has passed the executeAfter timestamp and the payment hasn't been executed yet.

The contract ensures that payments are only executed once and at the correct time, providing a trustless way to handle delayed transfers. The ABI (Application Binary Interface) is stored in abi.json and loaded by the bot for interaction.

This setup allows for decentralized, automated payment processing without relying on centralized servers for execution timing.

Business Model

Mantle PayBot operates on a sustainable business model designed to generate revenue while providing value to users in the cryptocurrency ecosystem. The primary revenue streams are outlined below:

1. Transaction Fees

Fee Structure: A small percentage (e.g., 0.1% to 0.5%) of each transaction amount is charged as a service fee. This fee is deducted automatically during the transfer process via the smart contract.
Rationale: Users benefit from the convenience and security of the bot, and the fee covers operational costs such as server maintenance, blockchain gas fees, and development.
Implementation: Fees are collected in MNT or the transferred token and can be withdrawn by the bot operators periodically.

2. Freemium Model

Free Tier: Basic features like wallet linking, instant transfers, and simple scheduling are available for free to attract users and build a community.
Premium Features: Advanced options such as bulk scheduling, priority execution, multi-token support, and analytics dashboards are offered as paid upgrades.
Pricing: Subscription-based (e.g., $5/month for premium) or one-time payments for specific features.
Monetization: Encourages user retention and upselling, with premium users contributing to higher revenue.

3. Partnerships and Integrations

Affiliate Fees: Partner with crypto exchanges, wallets, or DeFi platforms for referral fees when users link external accounts or convert currencies.
API Licensing: Offer the bot's API or smart contract integration to third-party services for a licensing fee.
Sponsored Features: Integrate sponsored tokens or services, earning commissions on user interactions.

4. Data and Analytics (Optional)

User Insights: Aggregate anonymized data on transaction patterns to sell insights to market researchers or advertisers in the crypto space.
Compliance: Ensure all data handling complies with privacy regulations like GDPR.

Revenue Projections

Initial Phase (Launch to 6 months): Focus on user acquisition with minimal fees; aim for 10,000 active users, generating $10,000-$20,000 in fees.
Growth Phase (6-18 months): Introduce premium features; target 50,000 users, with revenue from subscriptions and fees reaching $50,000-$100,000 quarterly.
Scaling Phase (18+ months): Expand to other networks; potential for partnerships to boost revenue to $200,000+ quarterly.

The business model emphasizes transparency, with all fees disclosed upfront, and prioritizes user trust to foster long-term adoption.

Roadmap

The roadmap is divided into key phases for development and growth:

Phase 1: Core Launch (Q1-Q2 2026): Deploy smart contract, launch Telegram bot with basic wallet linking, instant and scheduled transfers. Achieve 1,000 users and validate functionality.
Phase 2: Feature Expansion (Q3-Q4 2026): Add multi-token support, advanced scheduling, user dashboards, and marketing. Reach 10,000 users and start revenue through fees.
Phase 3: Monetization and Partnerships (2027): Introduce premium features, subscriptions, and partnerships with DeFi projects. Grow to 25,000 users with 20% premium conversion.
Phase 4: Scaling and Innovation (2027+): Expand to multi-chain, add AI features, develop mobile app, and integrate exchanges. Target 100,000+ users and establish as a leading tool.

Ongoing: User feedback, security audits, and sustainability focus.

MantlePay_Bot

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