JustMoney Invoice - Online Invoicing Solution

Project Name: JustMoney Invoice
Project Track: Web3
Team Name: JustMoney
Team Member(s): 6 @TobiasJM @Alexey @PorkyPork @JasonHunter @LineHammett @fabsltsa
HackerEarth Project Link: HackerEarth

Project Goal:

To develop an online invoicing platform that allows users to effortlessly create, send, and automatically track the status of their invoices, be it paid or overdue.

JustMoney Invoice is a user-friendly invoicing platform tailored for freelancers, crypto/web3 projects, and small businesses that need to issue invoices to third parties and receive payments in cryptocurrency.

With JustMoney Invoice, you can simplify your financial processes. It offers seamless tracking of payments, eliminating the need for users to manually verify whether invoices have been settled. It also highlights any overdue invoices. This efficiency is achieved through integration with the JustMoney Pay payment gateway. Taking advantage of the “payment links” feature, each invoice is endowed with a unique payment link through which recipients can settle their dues. By utilizing the JM Pay API, we can automatically retrieve the payment status of each invoice, marking it as ‘PAID’ once it has been settled by the recipient.

Stay connected, no matter where you are. Create and manage your invoices on our platform using either your mobile device or laptop.

Consistent with our brand ethos, we are deeply committed to delivering the best possible customer experience. Furthermore, our customer support team is available 24/7, ensuring you always have assistance when you need it. While this addition complements our existing product suite, including our DEX and JM Pay, it stands as a distinct offering tailored to cater to a slightly different target group.

Project Value:

Crypto companies, as well as freelancers who accept crypto, currently face a dearth of robust invoicing solutions. This absence leaves both startups and freelancers with a significant void in their financial toolkit. A dedicated invoicing solution is indispensable for these entities. It not only streamlines payment processes but also upholds a level of professionalism in transactions and aids in meticulous financial record-keeping — all pivotal for their sustained success.

Project Info:

invoice-compressed.pdf (2.6 MB)

Presentation & Demo Video:

Project Website:

JustMoney Invoice

Project Test Instructions:

  1. Login with your wallet

  2. Open the settings tab and enter the default company name, address and the wallet address where you want to receive the payments. You can also upload a logo if you want.

  3. Click new invoice button

  4. Fill all the needed fields and hit save. You will also see the payment link generated at this point.

  5. You can send the invoice by mail or download it as PDF

  6. If invoice is paid it will be marked as “PAID” on the left side (invoice list)

  7. You can clone the invoice or edit the current one to test those functionalities or you can also mark the invoice as “paid” or “sent”

Project Details:

Cost of use:

  • Platform Access: The platform is accessible at no cost to all users.
  • JM Pay Fees: The JM Pay payment gateway imposes a charge of 1% + $0.25 commission on each payment processed through the system. This is the sole fee linked to platform usage.
  • Future Plans: In the coming phases, we are considering the introduction of premium plans that might incorporate additional payment methods, such as PayPal.

Payment processing

  • Payment Link: This link redirects the user to a payment page where they can select from a diverse range of tokens and networks for payment. Should a user opt for any token other than USDT, it will be automatically swapped on a decentralized exchange to USDT. Thus, billers consistently receive payments in USDT to their respective wallets.

Features of JustMoney Invoice:

  • Wallet Login: Compatible with TronLink and Tron-supported wallets, MetaMask and MetaMask-supported wallets, and WalletConnect.
  • Default Configuration: Enables users to set default parameters such as the company name, address, preferred wallet address for incoming funds (upon invoice settlement), and tax percentage (if applicable).
  • Logo Integration: Customize each invoice with your company’s or project’s logo.
  • Creation: Add multiple items to an invoice with automatic calculations for total amounts and applicable taxes.
  • Cloning: Replicate existing invoices for recurrent billing.
  • Editing: Make necessary adjustments or updates to your invoices.
  • Deletion/Archiving: Remove or archive invoices as needed.
  • Status Updates: Manually mark an invoice as sent or paid (especially useful if payments are made outside of the provided payment link).
  • Download and Share: Retrieve invoices in PDF format or email them directly to the intended recipients.
  • Payment Status Monitoring: Harness the power of the JM Pay API and payment links for real-time payment tracking.

Project Milestones:

As usual we tried to deliver a product as polished as possible before presenting it. The next milestone will be archiving invoices. We are of course going to listen inputs from the community and therefore possibly going to add more features before the end of the hackathon based on those inputs.

56 Likes

Everybody is welcome to share his/her opinion and ask questions. Preferably not ChatGPT generated questions :pray:t2:

10 Likes

Welcome mate have been watching out for your entry.
All good to have you with this improved added features bro the development of Justmoney.

For the now let me review and will make my questions and suggestions later.
All the best… Cheers

10 Likes

Thanks for the constant support @Gordian :muscle:

All the suggestions are very welcome :handshake:

6 Likes

Reading this submission, it shows time again why Just Money always has solid community support in the hackathons.

Developing polished products, which are unique to the crypto space. Although this product isn’t an every day trader feature, the actual real world function it opens up is amazing.

Brand new product, and style of product I don’t think we’ve seen much of before. And a product that every team not just on tron, but all chains could make very good use out of to grow not just their business, but the entire web3 ecosystem.

8 Likes

Welcome back buddy to Tron Dao forum Hackathon season 5, indeed your project is amazing but I have some important questions.

Q1
What steps are being taken to prevent fraud and abuse of the platform, and how will JustMoney Invoice comply with applicable financial regulations.

Q2
Enumerate your thoughts on the future of invoicing in the Web3 space, and in what way will JustMoney Invoice ensure the security of user data and funds.

Q3
Elaborate some of the unique challenges and opportunities that JustMoney Invoice faces as a crypto-native invoicing platform, and how do you see JustMoney Invoice fitting into the broader JustMoney ecosystem.

Q4
Explain some of the most requested features from the JustMoney Invoice community, and by what means will you market and promote JustMoney Invoice to your target audience.

Q5
Elaborate your priorities for the next phase of development, and how do you plan to scale the JustMoney Invoice platform to meet the needs of a growing user base.

4 Likes

This submission stands out as the #1, top contender in the Tron Hackathon Season 5.

It offers a pioneering and working usecase that extends on-chain volume beyond the Tron ecosystem, emphasizing the practical use cases of blockchain technology beyond cryptocurrencies.

Furthermore, it paves the way for the expansion of (Tron) blockchain technology into the payment processing industry, a vast sector with enormous growth potential.

The JM token (already deployed) on the Tron blockchain serves a central purpose: transactions come with a 1% fee for all payments, half of this fee is being utilized to burn JM tokens on the Tron blockchain. The other half is for providers of liquidity.

This compelling innovation is why I firmly believe this project actually deserves to emerge victorious in every Hackathon category.

The JustMoney team’s impressive track record, having secured three previous Tron Hackathon prizes, underscores their expertise and capability.

It is actually funny JustMoney isn’t labeled by TronDAO yet as their tier one project or as their golden partner. The support from TronDao in the past within the great Tron ecosystem could’ve been better. Teamwork makes the dreamwork and we’re all sTRONgertogether.

4 Likes

Each JustMoney offering is always a classic, I had smiles smeared all over my face reading this. Leaves me with one crucial question;

Can users set reminders for overdue invoices within the platform?

5 Likes

Q1: What steps are being taken to prevent fraud and abuse of the platform, and how will JustMoney Invoice comply with applicable financial regulations.

A1: The core of JustMoney Invoice is simplifying invoice creation. It’s akin to drafting an invoice in Google Docs or crafting one by hand; our platform just streamlines the process and tracking. As for potential abuse, fraud, or regulatory concerns, it’s vital to note that we’re offering a utility for creating and tracking invoices—much like any other invoicing tool.

Q2: Enumerate your thoughts on the future of invoicing in the Web3 space, and in what way will JustMoney Invoice ensure the security of user data and funds.

A2: We ensure that users’ funds remain untouched by us. The platform leverages JM Pay integration, a decentralized payment system. Payments are peer-to-peer, facilitated by blockchain, directly routing them through smart contracts to the recipient. We never access these funds. As for data, all invoice information is securely stored in a database that isn’t publicly available.

Q3: Elaborate some of the unique challenges and opportunities that JustMoney Invoice faces as a crypto-native invoicing platform, and how do you see JustMoney Invoice fitting into the broader JustMoney ecosystem.

A3: The inception of this product stemmed from our internal needs. In our earlier practices, we faced challenges like manually monitoring payments and discerning which client settled an invoice when multiple invoices had identical amounts. JustMoney Invoice addresses these hurdles, allowing for efficient tracking of paid and overdue invoices. Furthermore, it amplifies the utility of JM Pay—particularly the payment links feature, which many remain unaware of. This not only boosts JM Pay’s usage but, given that JM Pay employs our DEX to convert tokens to USDT, it also augments the volume there.

Q4: Explain some of the most requested features from the JustMoney Invoice community, and by what means will you market and promote JustMoney Invoice to your target audience.

A4: As we’ve just unveiled JustMoney Invoice, there isn’t an established community or a list of requested features yet. Such feedback will naturally evolve over time. Details about marketing strategies will be crystallized in the near future. Presently, our primary focus is this hackathon.

Q5: Elaborate your priorities for the next phase of development, and how do you plan to scale the JustMoney Invoice platform to meet the needs of a growing user base.

A5: The platform is designed to scale effortlessly regardless of its usage frequency. Nevertheless, our roadmap includes incessantly enhancing the platform with new features. Feedback will be pivotal; we’ll closely monitor and integrate the most sought-after functionalities mentioned by users in the future.

6 Likes

We try to focus on products that really solve an issue, even for someone and with a real use case. E.g. for us this product is useful since we send invoices and it has been a real problem that we wanted to solve.

We might add the reminders in the future, maybe also some other (even fiat) payment options like Paypal.
Also we might later add some notifications if e.g. some invoice has been paid.

5 Likes

:joy::joy::joy: why some generate questions from ChatGPT?

Welcome team👍 We have always known you guys. Always great projects. All the best

3 Likes

Uh oh, there’s really been complaints of PayPal freezing accounts for no reason so for clarity, is it Fiat payments on Paypal or crypto on-ramp payments via PayPal?
And why’s PayPal that much of an option if you’re considering Fiat payment alternatives?

3 Likes

Nothing is decided about fiat neither if there will be a fiat option which one it would be, it was more just an example from a known bigger player.

So basically what I am trying to say that if the product really gets interest, companies might want to also use it for invoice creation with giving their clients 2 ways to pay: crypto and fiat

But this is something to think for the future.

3 Likes

Better to disqualify this project. It’s joining in every season and now submitting in Web3 category. You won already multiple prizes and it looks like you want to win again the public prize so nobody has change. @admin.hackathon

So because we build a lot of products and bringing use cases to crypto space we should be disqualified?

1 Like

Yes read the criteria, web3 is for new projects

We even asked Tron team before submission (and showed them our product deck) to which category we should apply with this and it was clearly Web3

What is not clear about this: Builder

For teams who have previously participated in TRON hackathon and have a working project that they would like to improve upon and update with new features. These projects should demonstrate significant advancements and improvements over their previous versions.

3 Likes

They said that because this is a new product and not improvement of any old product that Web3 should be the category we should apply, and so we did

2 Likes

I think it’s strange. You use the same name and infrastructure

2 Likes