Crypto project looking for online marketing

Airdropping 50% of your total supply and then dedicating 24% to reserve is suicide and I'd seriously rethink that if I was you.

You've got a minimum of 74% of your total supply that is not tied to value creation in any way whatsoever, hire a tokenomics expert.

And before you say it mate, giving people free shit isn't creating value. I mean like how defi platforms reward people that provide liquidity to the protocol and create value in the ecosystem by distributing free tokens to them for doing so.

You are throwing away 74% of all of your tokens without having them tied to something like that. Why wouldn't people just dump them? (answer: they will)
 
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VSYNC said:
Airdropping 50% of your total supply and then dedicating 24% to reserve is suicide and I'd seriously rethink that if I was you.

You've got a minimum of 74% of your total supply that is not tied to value creation in any way whatsoever, hire a tokenomics expert.

(Before you say it mate, giving people free shit isn't creating value)
Click to expand...
That is wrong.
Airdrop has the purpose to create awareness ,a community which is interrested in the project and get listings which has a big value and opens doors to liquidity.
Of course price will be volatile at the beginning because of people selling the token to the open market who are not interrested in the project on the other hand its a great opportunity to buy cheap undervalued tokens.
The development cost which we reduced to a minimum knowing exectly what we want and avoiding mistakes from other projects experience makes it possible to calculate very exectly.
Please note 13% in the 74% are already calculated for the development fund which can be sold at a very low price.

We are not going to invent the wheel from new so our costs are very small compared to when starting from scratch.

We have already our awesome blockchain done from Dan Larimer which just needs to be adjusted and forked.
We have already the gained experience for the app based on other failed projects and their longterm experience.We don't need to make these mistakes like they did.
We have way better marketing skills then these other projects which spent big part of their funds on VERY poor marketing.We have already a marketing plan on how to get massive amount of traffic with the help of existing resources for a profit share.
We have one of the best development team which charges like 1/5 of hyped teams.I can be so confident here because i coworked with many teams.
European/US teams are charging a hell.I remember our Main Manager getting 400k per year and major devs $200/h .
We tested a lot and found out a known russian developlemt team was delivering better results (based on code) and only charged $45/h which reduces costs significantly .

I don't need millions to succeed even our ICO IEO targeted $10.000.000 to get instantly the dominant project which can buy instantly everything which is needed to be #1.

Plan changed because of regulation.

Now we focus on getting the project out which development cost we reduced to low $xxx.xxx .
Full dominance has been changed to partnerships with big resources for profit sharing (we already talked with some big resources if a partnership would be possible once the product goes live)
physical gold deposit (First deposit was reduced from 3 major locations to one)

What i want to say with all this is we don't need a lot of money as we get majority for free including expenses for mistakes which other projects made for us.

Since ALL other projects are struggling with mass marketing as all they are able is to use expensiv and uneffective adwords and facebook ads which costs them a big chunk of their funds because of their big negative ROI we will dominate that space very quickly knowing cost effective ways of mass marketing.
Marketing with a positive or Neutral ROI will go way quicker than theirs where they have to pay a shitload per click.

I know what i'm talking about since one company wanted to hire me as advisor how to gain cost effectiv active customers.I refused in the end because of their scammy behavior towards their token holders.But they introduced me to their marketing team which was a hired company in malaysia and all i can say majority of us would be able to instantly deliver better then what they get.


All we need is a working product which gets mass adoption.If part is created of preexisting code its nothing which end customers care.All they care is the product itself.

Please also note the Reserve fund is not for the team.
Development will be fully funded with the 13% in the beginning.
The 24% reserve fund are being hold for big partnerships like telecommunications company or major ecommerce websites.
Team itself won't ever touch the 24%.
We do not plan to have a free stake in tokens.
We belive in the success of the project and take the profit from there.
 
AU369 said:
That is wrong.
Airdrop has the purpose to create awareness ,a community which is interrested in the project and get listings which has a big value and opens doors to liquidity.
Of course price will be volatile at the beginning because of people selling the token to the open market who are not interrested in the project on the other hand its a great opportunity to buy cheap undervalued tokens.
The development cost which we reduced to a minimum knowing exectly what we want and avoiding mistakes from other projects experience makes it possible to calculate very exectly.
Please note 13% in the 74% are already calculated for the development fund which can be sold at a very low price.

We are not going to invent the wheel from new so our costs are very small compared to when starting from scratch.

We have already our awesome blockchain done from Dan Larimer which just needs to be adjusted and forked.
We have already the gained experience for the app based on other failed projects and their longterm experience.We don't need to make these mistakes like they did.
We have way better marketing skills then these other projects which spent big part of their funds on VERY poor marketing.We have already a marketing plan on how to get massive amount of traffic with the help of existing resources for a profit share.
We have one of the best development team which charges like 1/5 of hyped teams.I can be so confident here because i coworked with many teams.
European/US teams are charging a hell.I remember our Main Manager getting 400k per year and major devs $200/h .
We tested a lot and found out a known russian developlemt team was delivering better results (based on code) and only charged $45/h which reduces costs significantly .

I don't need millions to succeed even our ICO IEO targeted $10.000.000 to get instantly the dominant project which can buy instantly everything which is needed to be #1.

Plan changed because of regulation.

Now we focus on getting the project out which development cost we reduced to low $xxx.xxx .
Full dominance has been changed to partnerships with big resources for profit sharing (we already talked with some big resources if a partnership would be possible once the product goes live)
physical gold deposit (First deposit was reduced from 3 major locations to one)

What i want to say with all this is we don't need a lot of money as we get majority for free including expenses for mistakes which other projects made for us.

Since ALL other projects are struggling with mass marketing as all they are able is to use expensiv and uneffective adwords and facebook ads which costs them a big chunk of their funds because of their big negative ROI we will dominate that space very quickly knowing cost effective ways of mass marketing.
Marketing with a positive or Neutral ROI will go way quicker than theirs where they have to pay a shitload per click.

I know what i'm talking about since one company wanted to hire me as advisor how to gain cost effectiv active customers.I refused in the end because of their scammy behavior towards their token holders.But they introduced me to their marketing team which was a hired company in malaysia and all i can say majority of us would be able to instantly deliver better then what they get.


All we need is a working product which gets mass adoption.If part is created of preexisting code its nothing which end customers care.All they care is the product itself.

Please also note the Reserve fund is not for the team.
Development will be fully funded with the 13% in the beginning.
The 24% reserve fund are being hold for big partnerships like telecommunications company or major ecommerce websites.
Team itself won't ever touch the 24%.
We do not plan to have a free stake in tokens.
We belive in the success of the project and take the profit from there.
Click to expand...
The best concrete example of what I'm talking about is something like Uniswap.

This is Uniswap's token distro:

1. LPs and stakers: 60%

2. Founding Team: 21.51%

3. Investors: 17.8%

4. Advisors: 0.69%.


In this project, 60% of all tokens ever created directly incentivise people to do things that are good for the protocol like providing liquidity to pools. That is the main value proposition of Uniswap.. providing liquidity for trading and rewards for LPs.

In your model, 50% goes into the wind and 24% gets tucked away for later.

What are the goals of the platform you're building? Answer this question and then tie a majority of your token supply to directly incentivising people that manifest those goals.

If your project is a platform for gold investing with its own custom blockchain (idk what it is, that's just a guess), tie a majority of your token supply to things that will incentivise:

- people investing into gold on your platform
- people helping other people invest in gold on your platform
- people using your blockchain

Marketing should be a secondary concern. Community growth should be a function of the value you're creating, not the number of tokens you throw away.

Caring mostly about exchange listings and airdrops is a sign that your value proposition is weak. Either that or the value you're placing on your value proposition is misaligned.

24% being put into reserve is a massive warning sign.. seriously huge. Why create those tokens just to tell your investors/community "we'll be using this later for something". If you don't have a reason for them in your mind now, then create 24% less tokens which will make the remaining 76% you do create more valuable.

No serious project creates a reserve that large. 5% is reasonable, more is not. 24% is a huge warning sign to anyone that understands this.

Good luck.
 
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VSYNC said:
The best concrete example of what I'm talking about is something like Uniswap.

This is Uniswap's token distro:

1. Users: 60%

2. Project Team: 21.51%

3. Investors: 17.8%

4. Advisors: 0.69%.


In this project, 60% of all tokens ever created directly incentivise people to do things that are good for the protocol like providing liquidity to pools. That is the main value proposition of Uniswap.. providing liquidity for trading and rewards for LPs.

In your model, 50% goes into the wind and 24% gets tucked away for later.

What are the goals of the platform you're building? Answer this question and then tie a majority of your token supply to directly incentivising people that manifest those goals.

If your project is a platform for goal investing with its own custom blockchain (idk what it is, that's just a guess), tie a majority of your token supply to things that will incentivise:

- people investing into gold on your platform
- people helping other people invest in gold on your platform
- people using your blockchain

Caring mostly about exchange listings and airdrops is a sign that your value proposition is weak. Either that or the value you're placing on your value proposition is misaligned.

24% being put into reserve is a massive warning sign.. seriously huge. Why create those tokens just to tell your investors/community "we'll be using this later for something". If you don't have a reason for them in your mind now, then create 24% less tokens which will make the remaining 76% you do create more valuable.

No serious project creates a reserve that large. 5% is reasonable, more is not. 24% is a huge warning sign to anyone that understands this.

Good luck.
Click to expand...
What you seem to not understand which the other crypto project is a good example is existing regulations.

Would i do it the way you recommend or how i planned it before i would get in deep trouble with regulations.What uniswap did was ok at the time they did it.
Would they do it today they would have trouble with security regulations when doing it without previous approval.
Please remember nearly all jurisdictions changed their regulations towards ICO/IEO/Crypto sales on decentralized exchanges this year.

Since our project is a legit one and aims to get a financial institution we need to fullfill all regulations which doesn't allow this kind of actions without the permission of SEC or a equivalent institution in the called jurisdiction.

An airdrop is not a token offering this way you avoid the regulation part and don't need to apply for an approvement which can take up to 12 months.
 
AU369 said:
What you seem to not understand which the other crypto project is a good example is existing regulations.

Would i do it the way you recommend or how i planned it before i would get trouble with regulations.What uniswap did was ok at the time they did it.
Would they do it today they would have trouble with security regulations.
Please remember nearly all jurisdictions changed their regulations towards ICO/IEO/Crypto sales on decentralized exchanges.

Since our project is a legit one and aims for a financial institution we need to fullfill all regulations which doesn't allow this kind of actions without the permission of SEC or a equivalent institution in the called jurisdiction.

An airdrop is not a token offering this way you avoid the regulation part and don't need to apply for an approvement which can take up to 12 months.
Click to expand...
If you remain transfixed on regulations you're going to miss the big picture. Re-read everything I wrote in the last comment slowly and without intending on writing a reply to me so you can focus on what I'm saying.

Nothing I said relates to or is influenced by regulations. Learn what tokenomics is or hire someone who knows before doing anything else. Your current token system is shot mate, seriously.
 
VSYNC said:
If you remain transfixed on regulations you're going to miss the big picture. Re-read everything I wrote in the last comment slowly and without intending on writing a reply to me so you can focus on what I'm saying.

Nothing I said relates to or is influenced by regulations. Learn what tokenomics is or hire someone who knows before doing anything else. Your current token system is shot mate, seriously.
Click to expand...
I did

Please explain to me how do i collect funds for development in your opinion without breaking regulations and giving majority of tokens to supporters.
 
AU369 said:
I did

Please explain to me how do i collect funds for development in your opinion without breaking regulations and giving majority of tokens to supporters.
Click to expand...
What's a one-liner of what the platform you're building does?
 
VSYNC said:
What's a one-liner of what the platform you're building does?
Click to expand...

Physical backed gold token

of course with defi , payment processing , loans

but the most important thing is physical backed gold token in a save jurisdiction (goldban)
 
AU369 said:
Physical backed gold token

of course with defi , payment processing , loans

but the most important thing is physical backed gold token in a save jurisdiction (goldban)
Click to expand...
Q1) Like Paxos Gold? If no, why not?

Q2) What the most important things do you want users to do on your platform?
 
VSYNC said:
Q1) Like Paxos Gold? If no, why not?

Q2) What the most important things do you want users to do on your platform?
Click to expand...
1) no Paxos is backed by USD and not physical gold.Its a trojan.Secondly its in US jurisdiction which is going to have a goldban .Thirdly its run by somebody who is trained to milk his customers (goldman sachs and bank of america)

2) The most important thing is to own physical backed tokens in a jurisdiction where a goldban is nearly impossible which can be used as savings,payment,collateral . (3 major goals, 1)physical gold saving account 2) gold token and app being used as payment processor like visa (thats why blockchain with 3 sec average confirmation time with a possible 100k transactions per second) 3) Defi (using their physical gold as collateral)
Physical gold is tier 1 money now even officaly in europe.Gold is now being accepted by banks as a 100% collateral
 
AU369 said:
1) no Paxos is backed by USD and not physical gold.Its a trojan.Secondly its in US jurisdiction which is going to have a goldban .Thirdly its run by somebody who is trained to milk his customers (goldman sachs and bank of america)

2) The most important thing is to own physical backed tokens in a jurisdiction where a goldban is nearly impossible which can be used as savings,payment,collateral . (3 major goals, 1)physical gold saving account 2) gold token and app being used as payment processor like visa (thats why blockchain with 3 sec average confirmation time with a possible 100k transactions per second) 3) Defi (using their physical gold as collateral)
Physical gold is tier 1 money now even officaly in europe.Gold is now being accepted by banks as a 100% collateral
Click to expand...
Paxos Gold is backed by allocated gold, as much is said on their own website and by any reviewer. It's not a trojan, it's the most successful project doing exactly what you're proposing to do.

Tokenised gold is a trope in the crypto space at this point. If you've been around since 2009, you'd know that it's been around as a concept almost as long.

Giving away 50% of your total supply to an airdrop is not going to make up for the high chance of non-competition here. Jurisdictions and regulations should be a supporting consideration, not what takes up 90% of your thought processes about this.

Long story short, the actual concept itself has a weak foundation to begin with imo.

For the tokenomics (which is the part I was pointing out), this is your proposed model right now:



ie. all of a sudden the market is flooded with a huge amount of your token following an airdrop. People didn't have to do anything in-line with your mentioned goals to get them, they didn't have to expend their own resources or absorb any risk. All of a sudden there is just a lot of your token now in the hands of random people.

This is the kind of model you want:






The growth of your circulating supply should be a function of people completing tasks on your platform or in relation to your platform, and over time the number of tokens in the wild should increase in either a linear or logarithmic way like the charts above. Then as more of your tokens are released, your exposure will grow and your platform goals will be gradually achieved to a higher degree, which will then lead to people getting more tokens and that will create a positive feedback loop.

Good luck with it, but imo both your business model and token model have serious flaws, especially the token model.
 
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It is a trojan

Paxos Gold is backed by allocated gold
Click to expand...
Its allocated if you change it to allocated.Otherwise it isn't
Secondly its not stored in a secure jurisdiction.
Tell me what happens with the physical gold once the NYDFS under which Paxgold is running declares a private goldban ?


About the distribution.

You still didn't mentioned a soliution which won't break current regulations.I would personly also perfer an IEO as it would be way easier however it is not realistic at least not if you don't plan to have future issues with regulators.
What i can agree is airdropping a lower amount to give more benefits to supporters of that project.

ie. all of a sudden the market is flooded with a huge amount of your token following an airdrop. People didn't have to do anything in-line with your mentioned goals to get them, they didn't have to expend their own resources or absorb any risk.
Click to expand...
That is correct.That is the price to get access to liquidity pools and avoid regulations.It's also an opportunity for supporters to buy cheap tokens.
Last airdrop i was a committee member was in nov 2020.Price of that token tanked to $0.003 however after a month it was a stable $0.02 and at its peak $0.08 being listed on Binance and Huobi.Fully funded by open market.
 
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AU369 said:
It is a trojan


Its allocated if you change it to allocated.Otherwise it isn't
Secondly its not stored in a secure jurisdiction.
Tell me what happens with the physical gold once the NYDFS under which Paxgold is running declares a private goldban ?


About the distribution.

You still didn't mentioned a soliution which won't break current regulations.I would personly also perfer an IEO as it would be way easier however it is not realistic at least not if you don't plan to have future issues with regulators.
What i can agree is airdropping a lower amount to give more benefits to supporters of that project.
Click to expand...
Your token distro model is just a subset of your complete tokenomic system.

Hire someone like this, this, this or this with whatever money you have, or take a punt and see why it's a huge mistake first hand.

Tokenised gold is a losing business model as well imo. It's been done to death and you're not bringing a single new thing to it. More importantly though, there's a number of huge barriers to entry with launching projects that have significant crossover into the real world, and especially trad fi. Tbh it's sado-masochistic at best.

Someone in your large and experienced team must have pointed some of this out to you before surely? If not then that says one thing.

Will let you get back on with recruiting. Good luck.
 
VSYNC said:
Your token distro model is just a subset of your complete tokenomic system.

Hire someone like this, this, this or this with whatever money you have, or take a punt and see why it's a huge mistake first hand.

Tokenised gold is a losing business model as well imo. It's been done to death and you're not bringing a single new thing to it. More importantly though, there's a number of huge barriers to entry with launching projects that have significant crossover into the real world, and especially trad fi. Tbh it's sado-masochistic at best.

Someone in your large and experienced team must have pointed some of this out to you before surely? If not then that says one thing.

Will let you get back on with recruiting. Good luck.
Click to expand...
You see the issue with you is you are only on status quo.Unable to forsee what is coming in the next 3 years.

Tokenised gold is a losing business ?Ouch i guess you have no clue what you are talking about.It's not raising like crypto correct but there is a reason for it.
Why you think companies like google or goldman sachs are trying to sell people digital gold and getting a big market share ?You think they would join a losing business ?
The answer is they can forsee what is coming and are already positioning.You however are stuck at status quo not able to forsee what is coming or positioning in future major companies.
It's done to death ?You mean the failed scam projects ?Show me the legit ones and i can count them on one hand.(and show me how you can participate in their success)

Did you ever saw in your life a change in monetary system ?
Do you know what a world reserve monetary system means ?
You know how its changed ?
Why you think central banks are buying massivly physical gold ?

Let me tell you something because it seems you have not much knowledge about major monetary system changes.
It always happen over a weekend where majority loses and a handfull of people gets rich.
All gold needs to match back all existing fiat. (This sentence is maybe the most important one for anyone investing in gold)
What would that mean for gold ?
So does government wants people to hold physical gold which are out of their control ?
Or you think they make gold very unattractiv to the crowd and create solutions for remaining physical gold holders on which they can grab their hand anytime the change accures?

If you claim my planned project is the same like the crap they (goldman sachs) offered than i can tell you you have completly no understanding of gold its monetary function
and the laws which apply to it.
 
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AU369 said:
You see the issue with you is you are only on status quo.Unable to forsee what is coming in the next 3 years.

Tokenised gold is a losing business ?Ouch i guess you have no clue what you are talking about.It's not raising like crypto correct but there is a reason for it.
Why you think companies like google or goldman sachs are trying to sell people digital gold and getting a big market share ?You think they would join a losing business ?
The answer is they can forsee what is coming and are already positioning.You however are stuck at status quo not able to forsee what is coming or positioning in future major companies.
It's done to death ?You mean the failed scam projects ?Show me the legit ones and i can count them on one hand.(and show me how you can participate in their success)

Did you ever saw in your life a change in monetary system ?
Do you know what a world reserve monetary system means ?
You know how its changed ?
Why you think central banks are buying massivly physical gold ?

Let me tell you something because it seems you have not much knowledge about major monetary system changes.
It always happen over a weekend where majority loses and a handfull of people gets rich.
All gold needs to match back all existing fiat.
What would that mean for gold ?
So does government wants people to hold physical gold which can't be reached by them ?
Or you think they make gold very unattractiv and create solutions for remaining physical gold holders on which they can grab their hand anytime ?

If you claim my planned project is the same like the crap they offered than i can tell you you have completly no understanding of gold its monetary function
and the laws which apply to it.
Click to expand...
I don't mean that tokenised gold in general is a losing business model.

I mean someone that doesn't understand anything about tokenomics and that thinks Paxos Gold is backed by USD, who is unfunded, and is giving away 50% of their tokens in an airdrop trying to enter that market is a losing business model.

It would be tough for a professional team of experienced founders that have a perfect tokenomic model and a signifiant unique selling point compared to the incumbents. You're trying to climb Mt Everest without sherpas and oxygen.

This really is the last comment though. I'm sure you'll do just fine.
 
VSYNC said:
I don't mean that tokenised gold in general is a losing business model.

I mean someone that doesn't understand anything about tokenomics and that thinks Paxos Gold is backed by USD, who is unfunded, and is giving away 50% of their tokens in an airdrop trying to enter that market is a losing business model.

It would be tough for a professional team of experienced founders that have a perfect tokenomic model and a signifiant unique selling point compared to the incumbents. You're trying to climb Mt Everest without sherpas and oxygen.

This really is the last comment though. I'm sure you'll do just fine.
Click to expand...

Sorry but you are an ignorant.
You still didn't delivered a solution to get funds for a development fund and no future trouble with regulators.
I said myself in the first post of that thread the airdrop is not first choice but its needed to avoid trouble with regulatores because of the regulatory changes.
Secondly the airdrop is working.There are leechers correct but even them provide something when we get thanks to them access to major exchange liquidity.

Next you still claim Paxos is good.You know you clearly have no understanding of gold and all people holding their gold with Paxos will cry at the day when the world reserve monetary system will be changed and the US provide a goldban on physical gold .Of course you can't understand it as you live in todays world not looking forward what is coming.

Oh show me a professional team working on that niche because all i saw are noobs or scammers.The only professionals i saw are google and paxos which are ONLY working for their own benefit and to scam people in the longrun by giving them a false secure feeling.
The goldban will hit big majority of gold holders.

Also its not Mt everst.
The tech behind it is nothing special.
The only diffrence between me and the major players are they are taking all the profit for themself where i share profit in exchange for growth.
Like i posted in the first post i don't need to get #1 .

Big players doesn't want to have any compeition there because the business is to lucrative.

A nice example what happens is the indian auction website which was bought by ebay in the 2004 for $30.000.000.
Please remember at that time whole india just had 30 million internet connections and that indian auction website barely had any customers.
But thats the monopol strategy in the beginning to buy every compeition.
https://www.theregister.com/2004/06/23/ebay_buys_baazee/
This will also accure in this physical gold niche which physical gold can be protected against a gold ban.


Also the crypto where you are involved in bhw has/had no company and you sold tokens and described it clearly as security on your website.
You guys really belive there will be no issues because of that next year ?
Who is going to take responsibility for it or you belive the word "decentralized" will have any impact as excuse?


I mean someone that doesn't understand anything about tokenomics and that thinks Paxos Gold is backed by USD, who is unfunded, and is giving away 50% of their tokens in an airdrop trying to enter that market is a losing business model.
Click to expand...
I think you have no clue what you are talking about.I can show you dozens of airdropped projects which airdropped even more which are succeeding and where people even gained 1000% in the first 6 months.Please don't compare your worthless project with mine which provides real value and a real solution including being conform with regulations
 
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Our own blockchain goes next week online based on GL's report.After that explorer and voting page .Voting will be only possible via locking coins for at least 90 days.
This way we make sure exchanges can't misuse their members assets to participate in community voting like witnesses (nodes/block producers)
 
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After making some PM's with some members here i decided to recheck the possibility of an IDO.
I asked the 2 blockchain lawyers who are coworking with us and even hired another known lawyer company (applebyes) to check if an IDO would be possible for us.
Result of our two lawyers and the applebyes team is we can run an IDO with our company created in a safe jurisdiction which still has no AML/KYC requirements HOWEVER the possibility that US,CN and SG citizens can buy the token could lead to future issues and knowing my projects details it high probably WOULD lead to futures issues with the SEC because of being a competitor to governmental coins.

So the decission is now final and can't be revoked anymore we are going to do an AIRDROP.
 
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