Preparing to Launch a Asset Backed Token

alphamaterx said:
Hi @ qdza
You've probably missed the points I made above.
We're a FinTech firm (startup stage). We do have a team. Not tech devs. But people qualified and licensed to do their job within the Fin space.

This ATB is a hybrid product we're looking at developing to bootstrap funds for our on-demand service suite platform. Existing funding and cashflows are going to this as its our main product. The ATB is only meant to generate cashflows. Feed the dev of our main product (service).

Thru our network we developed the connection with the AP/AO to underwrite and create these tokens.

Read my points above about our conclusions on DEX/CEX listings, and the 'usefulness' of liquidity.

Thanks
Click to expand...
ooh, OK, i missed the points, sorry
 
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If you have a website and a roadmap?
then all you need is a killer Video for X/twitter platform. for public call of Pre-sale.
and then a little influencer marketing. not the one that are shady or scammers but the actual legit one. that will push your video to masses.

right now people are willing to invest in anything in crypto if they feel it fascinating enough.

you are short of funds but you can only overcome it by Content marketing on X.

as you gain some traction then you can go to any venture capitalist for the funds you needed.
 
grantes said:
Could applying for grant programs be an option?
Click to expand...
I'm not sure I know what you mean. Could you please let me know what grants are you referring to?


cryptobullrun25 said:
If you have a website and a roadmap?
then all you need is a killer Video for X/twitter platform. for public call of Pre-sale.
and then a little influencer marketing. not the one that are shady or scammers but the actual legit one. that will push your video to masses.

right now people are willing to invest in anything in crypto if they feel it fascinating enough.

you are short of funds but you can only overcome it by Content marketing on X.

as you gain some traction then you can go to any venture capitalist for the funds you needed.
Click to expand...

Hi @cryptobullrun25 I've made a mention on this topic earlier. This is not really the type of project that would ''fit'' an influencer. Because all the influencers I've personally seen while doing research on this topic were people pushing crypto games, meme coins and lotteries. We have an ABT.

Unless we find a legitimate financial influencer that has some credentials, like P. Boyle on YT, which I doubt that he would ever accept to endorse a project regardless how credible it is.

But the content part. Creating amazing content. YES. That is on the list and we'll invest heavily in that.
 
I have a call scheduled with the rep from a reputable platform within the crypto space. Its tomorrow. But I'm not holding my breath. They'll probably ask for 5 BTC upfront fee and 10% of the raise. Something ridiculous.


If anybody has any knowledge or experience with AirDrops PLEASE reach out.
Open to various forms of collaboration. Even consultancy.
 
it takes money to make money

If you have no budget then you can DIY with 16h a day nonstop

Run twitter ads

Or run a twitter bot farm making and posting content 24/7
 
wormsmmc said:
it takes money to make money

If you have no budget then you can DIY with 16h a day nonstop

Run twitter ads

Or run a twitter bot farm making and posting content 24/7
Click to expand...

I wouldn't be correct to say no budget.
However, what I've been reading and researching lately, lots of sources say that nowadays is mandatory to have a high 6 figure starting budget, just for the pre-sale. (we did not decide on the pre-sale route yet. If we do go ahead we might do a fair launch).

Launching on a DEX has lots of traps. And this is not a game, as these are not meme coins. Being an AB there are legal repercussions.

Anyways, thanks for the advice @wormsmmc
 
alphamaterx said:
Hi @ qdza
You've probably missed the points I made above.
We're a FinTech firm (startup stage). We do have a team. Not tech devs. But people qualified and licensed to do their job within the Fin space.

This ATB is a hybrid product we're looking at developing to bootstrap funds for our on-demand service suite platform. Existing funding and cashflows are going to this as its our main product. The ATB is only meant to generate cashflows. Feed the dev of our main product (service).

Thru our network we developed the connection with the AP/AO to underwrite and create these tokens.

Read my points above about our conclusions on DEX/CEX listings, and the 'usefulness' of liquidity.

Thanks
Click to expand...
DM-ed, would love to understand more
 
alphamaterx said:
I'm part of a project within the fintech space. Very small startup but we've secure a few points that **really** make us stand out. This does not change the fact that the space is overcrowded.
We're bootstrapping funds for our main service-on-demand offering, and in this process we've came to the realization we have the network to start an Asset Backed Token.

As appealing as it first sounded, we're hitting the same damn wall.. marketing. Getting the leads of the people we need. Our type of customers. And doing this in a cost effective way. (FB/META is a waste of time for anything in our niche. This is a fact.).

We've looked at some launchpads, but its so hard to figure out which ones are trapping and which do deliver on their end.
Not to mention that we've seen the top launchpads asking for eye watering upfront fees. We thought of course to go onto a DEX and launch, but the waters are full of piranhas. And to hire a Market Makers, is financially prohibitive, to put it nicely. And all goes to the same root: funding. Which we lack, that's why we're starting this in the first place, to bootstrap funding.

SUGGESTIONS PLEASE on how to reach out to potential participants / buyers of tokens (be it in pre-sale or post-launch).
ANYBODY with *ACTUAL Experience* in this field, please drop a comment with recommendations, advice or offers.


Thank you
Click to expand...
Which chain is your project launching on? Have you tried looking into PinkSale or DXsale? They’re both solid launchpads that don’t cost an arm and a leg to launch on - with solid on platform traffic regarding people looking to jump into new projects.
 
DIG1T said:
Which chain is your project launching on? Have you tried looking into PinkSale or DXsale? They’re both solid launchpads that don’t cost an arm and a leg to launch on - with solid on platform traffic regarding people looking to jump into new projects.
Click to expand...
Thank you for the pointers DIG1T.
PinkSale sounds.... to pinky for what is meant to be a hybrid of traditional finance, and might blend us with meme space. But DXsale, I'll do a deep dive on that.

I've read, and heard first accounts from people that been taken hard by launchpads. But then again neither my colleagues or I have any experience with launchpads, so I don't know how would they steal or squeeze.

@DIG1T Have you launched a token on any of these platforms or know anybody that did?
 
ESCROWService said:
do you have a license to offer asset backed tokens?
Click to expand...

The Asset provider has. Yes. We are underwriting the FinTech infrastructure.
Its not as straightforward as articles on google and youtube videos from ''experts'' and ''gurus'' want to make it seem.

An ABT has layers, different regulatory frameworks apply to each component.
We have lawyers on staff, as well as hired law consultants to solidify our ground. Our main business is within the Fin space, and this ABT is meant to generate additional capital that will go into building up our main business's on-demand service.

We consulted with lawyers (outside our own staff) even before we started researching the launch. Silly us, we tough the legal part is difficult, and launch is easy.... when its the other way around!!

As to offer it to QIs. Yes we do.

The short answer is: YES
 
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ESCROWService said:
You are aware that for each countries participants you basicly need a license if there exist one
Click to expand...

Thank you for the heads up.
However, this is only partially correct.

Offering and Accepting are nuances of the same color. QAIs/QIs are an exception as well.
For more info I will need to charge you, :) the most affordable lawyer consultation we had was £150 / hour.
 
Anybody here had any experience, or been involved with projects launched on TrustSwap?
 
Following your progress, it has been an interesting read so far. It might not be as expensive as you think, or are being quoted, to get your project in front of the right people. What sort of budget do you actually have? It is hard to make suggestions without knowing what you are working with.
 
alphamaterx said:
Thank you for the pointers DIG1T.
PinkSale sounds.... to pinky for what is meant to be a hybrid of traditional finance, and might blend us with meme space. But DXsale, I'll do a deep dive on that.

I've read, and heard first accounts from people that been taken hard by launchpads. But then again neither my colleagues or I have any experience with launchpads, so I don't know how would they steal or squeeze.

@DIG1T Have you launched a token on any of these platforms or know anybody that did?
Click to expand...
Yep, I’ve launched on both DXsale and Pink, they’re both well known and reputable. You’re right in terms of pinksale being more focused around meme projects though.

They charge a flat fee for listing on their platform + a % of tokens (which you can re-buy from them after launch if preferred.).
 
ghaithcrypto said:
if you have a budget like 40,000$ i can help you with another way
Click to expand...
@ghaithcrypto Get in touch with us please. Interested in finding out what you have in mind and the budget can be achieved if the strategy gives us an edge.


DIG1T said:
Yep, I’ve launched on both DXsale and Pink, they’re both well known and reputable. You’re right in terms of pinksale being more focused around meme projects though.

They charge a flat fee for listing on their platform + a % of tokens (which you can re-buy from them after launch if preferred.).
Click to expand...

I did not know that tokens can be purchased back.
@DIG1T Do you know anybody that dealt with TrustSwap?


fasttrak said:
Following your progress, it has been an interesting read so far. It might not be as expensive as you think, or are being quoted, to get your project in front of the right people. What sort of budget do you actually have? It is hard to make suggestions without knowing what you are working with.
Click to expand...

Good day! Budget is something I can't really give an exact figure. But it is limited, as this is just a ''side project'' meant to generate cashflow for our main business.
That being said, I'd say that a 5-fig budget (on the North side) is what we're currently working around.

For us, right now, its quite unclear what we can bottom line out of this, should this actually be launched.
There are a few factors for this uncertainty, such a run-away price once the token is launched, a price that would depart from the actual valuation per token, under or above its real price. Redemptions and conversions.
On paper we make money on the % added, but with live-trading, we could make much more money from the price arbitrage.

We have the Fin and law-consultancy side covered, what we lack is a clear path for safely launching, be it on CEX or DEX, and price management (Market Makers charge exorbitant fees for cryptos. Nowhere near what a market maker charges for creating liquidity in a sec).
 
alphamaterx said:
@ghaithcrypto Get in touch with us please. Interested in finding out what you have in mind and the budget can be achieved if the strategy gives us an edge.




I did not know that tokens can be purchased back.
@DIG1T Do you know anybody that dealt with TrustSwap?




Good day! Budget is something I can't really give an exact figure. But it is limited, as this is just a ''side project'' meant to generate cashflow for our main business.
That being said, I'd say that a 5-fig budget (on the North side) is what we're currently working around.

For us, right now, its quite unclear what we can bottom line out of this, should this actually be launched.
There are a few factors for this uncertainty, such a run-away price once the token is launched, a price that would depart from the actual valuation per token, under or above its real price. Redemptions and conversions.
On paper we make money on the % added, but with live-trading, we could make much more money from the price arbitrage.

We have the Fin and law-consultancy side covered, what we lack is a clear path for safely launching, be it on CEX or DEX, and price management (Market Makers charge exorbitant fees for cryptos. Nowhere near what a market maker charges for creating liquidity in a sec).
Click to expand...
Yeah, they initially didnt allow that, but after getting backlash from the community because of potential dump risks started making it possible for teams to buy back the tokens. I think there’s also an option to pay extra listing fees and not give them a % of supply at all - not sure tbh, you’d have to check.
 
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