All right, good morning, good evening, good afternoon to everybody. We got Crow Fund me also here, so let's invite them for speaker. Let's do it. - Hey, good morning guys.
I'm all right. I'm at the GMT plus 8 so I'm in Singapore right now. So it's kind of like 9.30 p.m. still staying
I'm really excited to hear what this whole web 3 crowdfunding all about. Really? What's up guys? Morning, morning, morning, afternoon and night.
Yep. Good. Good. Good. How are you guys doing? Is that morning for you guys? Oh, yeah. Yeah, I stayed up to grab up. Are you guys wrong? Where about? Are you from? So
We're I'm over here to Atlanta, Georgia right now. Oh, yeah. And we're out here in the Virgin Islands. I'm in Puerto Rico. But we're both both. Oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh, oh#
Let me try to figure out is that Spanish? Yeah Spanish, Spanish, yeah.
I can't really speak Spanish. West, I don't know. Yeah, but I think we have some other people here from UK. We have even somebody here from Japan. I think there's a couple other more, but I don't know where they're from, to be honest.
so we have three crowdfunding and so let's see so uh... i'm actually want to ask the co-funds but they uh... y'all dot com with like how did you get into the the whole crowdfunding stuff
Yeah, my G nice man, so let me speak about myself a little bit First off my name is Jack what I'm fully docs down right that in anywhere you're gonna find me all over the place We started off with Chrono gods using the room down there on the pfp we started out in chronos blockchain, which is a type
the crypto.com and they launched in November 2021 and we came in at the end of November we started in December and in January we launched our NFT collection. Now it was a small collection of a thousand five hundred with 25% of the mint.
go into a community aid wallet to help anyone in general. It wasn't just for the holders, it was just a community aid wallet to help anyone in cronos. It got used up really fast. Like when I mean fast, I mean fast. We paid groceries, light bills, we bought musicians' labs.
tops that we did the whole nine yards to help anyone help them grow. And when a guy used up so fast, the users in Chronos were like, man, how about if they had a GoFunds meme on CROB, which is crypto.com's native token. And we're
like hmm that's interesting sounds really good and also to add to that problem of being from where I'm from which I'm residents I'm here in the Virgin Islands where crowfons is incorporated as a sea corp and I'm also bodicua my parents are from Vietkis Puerto Rico these two islands are
Although we are considered U.S. citizens, we cannot access popular platforms like GoFundsMe. That's insane, right? We could fly to Puerto Rico with our driver's license. There's nothing different, but due to several regulations, we're not allowed to access
these platforms. So we had two problems and we came up with a solution. We're like, well, let's make a decentralized version where a person wouldn't need to know how to code. All they need to do is follow seven steps. They launched their own contract attached to their own wallet that they can withdraw whenever they
want and they'll have a visible public profile that people can either see with a video or with a picture and a description and they can help explain their situation and collect some resources to crypto. So we now are in East and we're on CROPE and we're expanding to other chains as well as we grow.
Cool cool cool. No, I mean yeah, and I mean and that's and I know I saw you saw the you're talking about the chrono gods definitely would like to Kind of hear from there Their perspective. Let's see if we can still figuring out how to get them to
how to bring him on. Let me see him bite to speak. There we go. Let's see if the mod is up. He's probably just listening to that. I told him we're just going to talk. Okay. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no#
a little bit. I could speak a little bit on the behalf of the founder. So for Colonel God's, we had Stake in the community aid wallet. We have our Metaverse out, which anyone can go in. Now it's open to everyone. You can download it on Oculus and you can check out our VR
comic strip we have a boy and arrow game and we have a batting like a batting home or a derby game inside of it as well and several other things in there some music from the crowfam artists and little things like that
Jackie got your hand up buddy. Go ahead.
Yeah, so I'm just I mean, thank you for sharing and then I thought I just post to questions really so that's crow fund me I mean I understand the technology behind the blockchain technology that's accountability is like that but like what what is the
what we call the governance or the personal accountability by the one who initiates the fund. So that's my first question. The second question is that, I mean, of course, you know, like for platform like GoFundMe on a community basis or personal emergency basis, obviously there's
no string attached but what about like a little bit like you know I suppose if it's more for like business or for like web 3 projects start up like Kickstarter kind of concept do you actually have a what we call a R.I. or a KPI
keep performance indicator or some sort of a benchmark that you are expected. I mean the funders are expected to get in return for funding such projects. I understood, I understood. Alright, so yeah, so
So this is basically GoFundsMe on crypto. So it's no different. You literally would just have an platform open, a decentralized platform open for just individuals that want to raise funds. We don't have a community, this isn't like an a Dow or some sort of
or anything of that nature, we don't have a community who's just waiting and then we invest. That's not our forte. We more like to accommodate the person throughout their journey. We want to be that embedded button on the website that you need crypto, you click here and
you get donated through that. Our main focus is not how you just described it. It would have been nice to have a whole group of solid individuals just waiting to go into a project and get some ROI. That is in our future roadmap, not in
Q2 or Q3, but it is in Q4 to do some kind of reward system. So when the person automatically donates, they not only receive the NFT that reflects their donation and the cause, but they'll also get a little reward back once they hit their donation quota. Yeah.
As of right now, sorry, as I mentioned, we are in beta. We launched in August and we just came on to East. So for users who are on East, you can simply just log in with your wallet, seven simple steps and launch your own profile. Now for those that like,
projects that do want to partner up as a different story. Now there we do take some information down and then for your occasion like I just said Jack we do share it out to certain individuals that we think would potentially help
But like a random profile that goes up and profunds me what we wouldn't do that. There's certain things that we are incorporated and if we're promoting and ads and everything else, we have to make sure we are following
our guidelines by the IRB set here in the Virgin Islands. So there is a way. I don't want to say no. So we do align with certain projects. We have right now MSG based out of Hong Kong and they're trying to be interblocking
messaging system. They have a beta out right now which is pretty cool. We also have on our platform CoinOn which is a deep, deep powered blockchain system based here in Virgin Islands but their technology is being used in Africa. They have
a school of Manera Tech over there in St. Bobway and other things like that. So these projects, yes, they do KYC with us and we do pitch them out through several emails and other things to try and help them get that funding.
very cool, very cool. So, and is there quantum amount that like for example, but personally emergency, you know, like say what is the quantum amount that you're looking at being regulated, you know, I mean because you mentioned that
you are a regulated company under the IRB. So like for example, if, if, say for example, I know a friend who has a personal medical emergency and of course, you know, in Singapore, bills are quite high. So probably anywhere from what 200,000 USD to maybe 300,000
for maybe a six months long in the critical like ICU. So the question is, if I so choose to go on this route rather than because I don't have go find me in Singapore but we have other means like giving.sg but whatever it is. So if I so choose to say the A,
you know, let's try cropping me and I want to raise about $200,000 for EF. Is that allowable? Can it be done? I mean, yeah, barring that we don't care whether the donors give or not, you know.
Yeah, so you can raise whatever amount you'd like to raise. That's one thing that's for sure. Being that you're launching your own contract, mind you, this is your own contract attached to your own wallet. We have nothing to do with it. That's on you. There is on your dashboard itself when you do
your profile, a whole record of all who's donated, all what you have collected. And we assume that at the end of the year, you'll do your due diligence as well. So yeah, now that's no problem at all. Very cool.
Appreciate this Jack. But yeah, man. Yeah, we have several choices as well. If you want to offer a refundable NFT project, you can do that as well. How that works is eventually I say this is a time limit and your project probably
didn't do well. It would automatically refund those who actually sent that donation to you. And then we have the non-refundable of course, which I mean the name says it all. It's just non-refundable. You're getting the funds no matter what. You withdraw that yours. And then we added a
It kicked starter side to it, but I was recently advised to take that down. So I'm no longer promoting it. We'll be taking that off. What we were doing was offering equities via NFT, but there we are touching certain regulations which are compliant.
lines said that we should probably wait a little bit before we keep on with that. So again, with all the changes happening in the space now and as far as trying to be a real business, it's tough to manage and follow these lines that are being just put
up on a daily basis, but we are working really hard to make sure that we are on top. We do believe that crowdfunding, donafy, is something that's being super, super under-looked. I don't think people are actually paying a much attention to it as it should.
And a lot of individuals honestly get into NFT projects just because they actually want to just raise some funds and they just want to Help out someone and then they get in far too Lynn So the crow funds me is just basically out here for the average Joe who just wants to be able to raise some funds
and bottom. It stays on our webpage. They can take it out if they want to. But we did it that way because if you donate a lot, you know, you don't want to get a ton of those NFTs in your wallet per se. So there'll always be there. But if you want to transfer, you can transfer to show it off as well.
Yeah, very good, you know, like I think I think it's you you have provided a some form of safety net for I mean, I would say Web 3 creators. I mean genuine Web 3 creators not not those rock and pull projects but the reason why say that is because I'm a lot but it this way I
And maybe one of the very few that burn out, or one of the very many that burn out and sometimes you know like I'm slightly fortunate in some sense whereby I still have some safety buffers but the others were really like down to their last dollars and they are running off, you know, they are basically
the survival mode and they just can't carry on with the project and you know what's next for them. So I think I think with that kind of platform you actually, oh it's some form of stipend allowance for them to just allow them to continue to breed true and pull true. And you know,
earlier on I was in another space which talks about marketing and someone actually I think only posted I mean Albert that's his name I guess so you know he posted this very interesting question like he asked the people what what is the real what is the motivation
behind onboarding to web 3 and I can really shed my story. My real motivation is really about money but not in the greedy sense. What I mean by that is I'm not there to enrich myself but because
Of course, I am still in the financial situation that I shouldn't have been in the first place. So a bit of my background is that I used to order a construction company and during COVID, I decided to shut down because it's just ridiculous with all the rules and regulations.
and other safe distance measures and stuff like that. So I shut it out and I have unfulfilled projects. So what happens is that employer caught on the performance bond or the insurance bond against the project and because I'm under personal guarantee.
I signed because company has no liquidity so I end up having to bear the branch of the debt. So the point is that you know times like that where it wiped off my finances and I'm now laden with that. What are my options really if I go on a
I would have been able to raise 1.5 million immediately. So then I started looking at Web 3 hours a little bit late because if I was a little earlier I could have bought the monkey and flip it to millions and I could have sorted out my debt issue.
This is not very possible now. So then I started on web tree projects. I started my NFT collections and many things and things change and market become very bearish because the entire crypto space got a huge, I mean I wouldn't say huge shock but multiple channels, multiple upgrades and I think investors
are rightfully cautious and investors definitely do have that more pessimistic outlook of what it is and that results in the bearish market. And I understand that people are very cautious about investing in new founder projects, especially I'm one of the very new
once and you know I have to compete with my voices against all the other white voices and you know and every day I attend spaces and stuff like that and I do salute all those space holes because each day they have to sit through 25 people presenting their new projects and
and it's extremely tough. So the point is that a platform like Profan Me, besides my massive step issue, it does sound very comforting in the sense that hey, what if I have a brilliant web tree plan or project that I could pitch to you?
which them you can refer us to probably individuals as of now or if I have a personal image and see like you know I'm faced with this not the huge debt but whatever it is then I can approach you I can approach a platform and I think that is something that
It's quite comforting for many web-tree creators. Moving on, you are right to say that it's a super, super, super underlooked area. Financial stress, relational issue, due to financial stress,
one of the very few leading causes of mental health issue and that exactly why I'm also passionate about it. So my web tree project really is about creating a mental health team related web tree super app that I'm really
ready to propose. So yeah man we've been fortunate enough to have different conversations recently this week we actually had the first talks with like how you said this is a Web 3 project who has a history not only in a chrono stream but an extra piece