Photo - Supercycle -Trust management for traders and investors
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Supercycle -Trust management for traders and investors

Ukraine, Kyiv city
Market: Consulting, Blockchain, Crypto currency, Artificial Intelligence
Stage of the project: Idea or something is already done

Date of last change: 29.08.2018
Min investment
$  50.001
0
Total required
$ 1.000.000
Rating
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Idea

Currently opportunities for individuals and SMB to find investment opportunities of professional portfolio management is limited. There is low trust between parties, multiple trust sources and no ledger with verified members to assist portfilio management at small scale. To solve trust problem of independent traders and investors in crypto currencies by using smart contracts to voluntary verify trading performance. Verification is done using data from exchanges API and AI scoring to match the missing data from exchanges on volumes and profitability.

Current Status

CTO team with letter of intent to start system analysis and assist white paper based in USA and ready of invest
UA founders ready to invest
SWOT done
Preliminary ip check done by patent attorney
Preliminary system architecture scheduled

Market

Individual and small business traders and USA, eu, Asia . Initial testbed traction is crupto currency traders from Russian speaking community (Ukraine,Russia,Kazakhstan,

Problem or Opportunity

Competition exist already on ICO stage for general peer evaluation based on contracts

Unique tech team with 3 Blockchain projects in final stage and 1 successful ICO based on BTC fork

Solution (product or service)

This is Blockchain based platform for traders and investors on some crypto currencies to provide automatic verification of trade performance for individuals and SME (say, in Ethereum public fork or similar platform). Verification is voluntary and have a transaction fee or utility token usage. Unverified members could list free according to freemium model.Tracking of trade volumes and profitability on various financial markets is done through API requests of the respective exchanges or trading platform. If the platform is not integrated, we use AI scoring to match existing data and evaluate mission one. So the product helps to decrease transaction costs and increase trust to independent traders and investors, as well as arbiters.

Competitors

All similar smart contract based projects based on peer review based on smart contracts. To our knowledge, there are a few to file ICO in 1 year, 1 similar projects successfully filed
EOS has facilities to perform smart contracts, though no specific framework is ready.
Decentralised exchanges (Betex,ECX) are @ ICO stage, BitMEX as well, and possess some functionality.
blockchain.com provides verified platform for institutional investors though not for individuals or SME

Advantages or differentiators

Focus on sole crypto currency trade marketplace, decentralized model to avoid paid reviews and centralized arbiter model like Alibaba or ebay

Finance

We expect to gain angel investments and do bootstrap before we gain access to investors. After presenting product description including system arhcitecture draft, we plan to sumbit iP claim, after going to some pre ICO financing enough to reach MVP, do some prelim marketing and ICO preparation. In 6-9mo we plan to start ICO

Business model

We plan to raise commission on requests based on proof of stake model and control emission, creating demand to buy token. We plan to gain users also using pre seed investment including referral and cash back model, so transactions will be negative commission, especially for arbiters and investors.
Before ICO we use subscription and transaction fee model in freemium framework, where verification and the respective request to evaluate member trading performance are paid

Money will be spent on

Prepare and ico, finalise System architecture
Claim ip
Legal support
MVP techs team
Market research and marketing

Offer for investor

Up to 30 share for pre ico
Up to 5 angel

Risks

Platform costs are higher then planned already
Negative cash back/bounty to gain verification is shoot in a leg
Qualified arbiters And investors not interested

Some echanges not interested

Incubation/Acceleration programs accomplishment

BNP paribas pre accelleration finished

Won the competition and other awards

Not yet
Participation in ЛОБ18 Gmsummit.me event as sponsors
Support from Cash flow Ukraine

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video