W3i Software Forum / All Topics
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| Pitch Deck questions | 2024-09-15 17:33:22 |
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| spunya 2024-07-07 08:00:33 | Pitch Deck questions Hi Jillian, I am a big fan of having a FIAT backed stable coin on Cardano and your progress looks truly impressive. Just a few questions from somebody who is not in your industry, please. How exactly do you make money: Can you explain a bit more about the USDC -> USDM -> USDC mechanism? Are you dependent on USDC to mint and burn USDM? Does this affect your profitability? Why is the "Minimum net worth for licenses in all 50 states" USD 1M? Is this an accepted figure in your industry? What do you mean with "Mastercard partnership"? To sum: What are your streams of revenue? Marketing and sales: How do you plan to market USDM to business and retail users OUTSIDE the Cardano ecosystem: Why would existing USDC/T users switch to USDM and why would new users choose USDM over USDC/T? Others: Will the MaviKai project allow any start-up registering as a DE corporation to tokenize its equity? Including existing DE corporations? Who are your competitors for the MaviKai project? Team: Who is part of the founding team, Matt and Steve? What percentage of the company do each of the founders hold? Who are other majority stakeholders? Do you have an employee option pool? How did the founders and majority stakeholders meet each other? Have you run another venture or any projects together before W3i? How big do you think your team will be end 2024 and end 2025? Thanks a lot and looking forward to learning more, Sebastian |
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| Jillian 17:33:22 | Investor Benefits and TiersThis question came up recently and I'm answering it here for the benefit of everyone: What investor benefits are provided, what investor tiers do you have available, and what is the value of their respective ROI? To learn more about the benefits/tiers of investments, you can look at page 13 of the CA Form here: https://w3i.chainraise.io/otp/CR-W3I-2024/dataroom?file=sites/default/files/Mckall.cameron/issues/20240712%20W3i%20Innovations%20Inc%20Form%20C_A.docx_.pdf There you will find added benefits for shareholders at the $5,000, $10,000, and $25,000 levels. I will also list them here for reference: $5,000 Tier i. Receive a 3% share bonus on the investment ii. Early notifications about new product and feature launches iii. Exclusive Class A investor benefits $10,000 Tier: i. Receive an 8% share bonus on the investment ii. Selection of investor memorabilia iii. Exclusive Class A investor benefits iv. Priority on waitlists for future products $25,000 Tier: i. Receive a 12% share bonus on the investment ii. Selection of investor memorabilia iii. Exclusive Class A investor benefits iv. Early access to alpha, and beta launches for new products v. VIP invitations to exclusive company events Additionally, the W3i marketing team is putting together Perk Packages primarily of W3i and USDM branded swag and other fun goodies for investors at all levels, as outlined below: $500 Investor Poster W3i Pen W3i Post-its Notepad USDM T-Shirt W3i Hat $1,000 $500 perks + W3i Hoodie $2,500 $1,000 perks+ USDM Themed BE Chocolate Gift Basket $5,000 $2,500 perks+ Dinner with the Founding Team at a conference $10,000 $5,000 perks+ Attend the W3i Annual Corporate Retreat And we are adding to this list as we find new awesome things to include! Thanks for the question - and keep them coming! You can post them here or contact us on our social media and we will bring all the answers to this forum. | |
| Jillian 09:48:31 | RE: Pitch Deck questionsHi Sebastian! I'll answer these one by one below: How exactly do you make money? 1) Earning interest off the reserve capital. 2) Mint and burn fees (currently waived) 3) Providing add-on services (like debit card for real-world purchases with USDM) Can you explain a bit more about the USDC -> USDM -> USDC mechanism? One of our banking partners is a USDC Member bank - this means we can accept USDC just as easily and equivalent to USD. And we are building the infrastructure to move from USDM to USDC just as quickly. Are you dependent on USDC to mint and burn USDM? Nope. Does this affect your profitability? Insofar as it makes our product very easy for USDC holders to move into USDM and hold their whole portfolio on Cardano so they can move in and out of ADA smoothly, yes! We believe this feature will make it very easy and attractive for EVM chain users to enter the Cardano space. Why is the "Minimum net worth for licenses in all 50 states" USD 1M? For the final states in Wave 3, the minimum net worth required to be granted a Money Transmitter License is $1M. Is this an accepted figure in your industry? Yes. What do you mean with "Mastercard partnership? We plan on adding at-the-terminal payment capabilities so that you can use your USDM at the gas station, grocery store, and your local TJX store. This requires a partnership with a credit card processor like Visa or Mastercard. The processor charges businesses a fee on every transaction, a percentage of which is passed on to us (hence another revenue stream). What are your streams of revenue? In addition to the revenue from Moneta USDM and the tools and services around it, W3i is building out new products and services to bridge traditional and decentralized finance. MaviKai is the first example of this, and we will continue to innovate and add to our suite of services, thereby continually adding streams of revenue. Marketing and sales: How do you plan to market USDM to business and retail users OUTSIDE the Cardano ecosystem: Why would existing USDC/T users switch to USDM and why would new users choose USDM over USDC/T? Remember the crypto.com Super Bowl commercial with Matt Damon? Well, we dont have *that* much marketing budget, but we will also use traditional (TV, print, etc.) advertising methods and Web2 online marketing to not only pull users from other blockchains but invite non-Web3 users into the space as well. Cardano users are already aware that the nature of CNTs is a feature that makes USDM more free and flexible than USDC/USDT. This combined with our community-centered mission are key factors that makes us an attractive alternative to EVM stables. Others: Will the MaviKai project allow any start-up registering as a DE corporation to tokenize its equity? Including existing DE corporations? Naturally, we will do due diligence on any company we work with as required by law/regulations, whether they are a start-up or an existing corporation. Who are your competitors for the MaviKai project? Some comparable companies work with a handful of EVM chains, most notably Securitize. Team: Who is part of the founding team, Matt and Steve? Matt, Jillian, Steve, and Jim are the genesis founders of what is now the W3i Software group. What percentage of the company do each of the founders hold? Who are other majority stakeholders? Do you have an employee option pool? These are addressed in detail in the Form C. How did the founders and majority stakeholders meet each other? We all met the same way most blockchain buddies meet - Twitter, Discord, and conferences! Have you run another venture or any projects together before W3i? The team is comprised of stakcepool operators, NFT creators, long-time community influencers and developers. W3i is the first project weve done together. How big do you think your team will be end 2024 and end 2025? Ideally, 10-15 employees by the end of 2024 and triple that by the end of 2025. |