Events

Top 45 Blockchain Companies at Consensus Singapore 2018 – Part 7

On the 19th and 20th of September 2018, Consensus: Singapore 2018 was held at the Marina Bay Sands. OkayKrypto’s media team had the privilege of attending this event as part of the event’s media coverage and had the priceless opportunity of interviewing the heads of the best companies in the blockchain space.

Here are the interviews we conducted with 6 companies. Part 7.

 

1) FOTA

OkayKrypto: What does your company do?

Grace Li (FOTA): We are a crypto derivative exchange and we have just launched our beta test: fota.com. All of our core members are from the very traditional finance market. Our Director of Quantitative Trading, Z. T. Luan, has worked for OCC, the only clearing house for all US equity options and other derivatives and our Director of Quantitative Strategies, Wei Zhu, has served as Director and Chief Quantitative Strategist in the Quantitative Strategies group of Credit Suisse at New York.

OkayKrypto: Who is your primary target market?

Grace Li (FOTA): Actually, we are focusing on users from all over the globe and some other institutions who are interested and very confident in our platform.

OkayKrypto: How does your company stand out from its competitors?

Grace Li (FOTA): We have many advantages. Firstly, it is our Measure-Completeness which refers to our pricing, quoting, settling and margining being on the same numeraire to make the system measure-complete. Secondly, System for Theoretical Analysis and Margining Portfolio (STAMP) is our margin system which is our characteristic. Because, we have a very professional margin system which can be compared to the STANS of the OCC and the SPAN of the CME which are the 2 leading margin systems in the world right now. We also have our own FOTA Benchmark Indices (F.B.I.), our futures is very traditional and we also have Rich Instrument Offerings in the near future.

OkayKrypto: How can people contact you?

Grace Li (FOTA):

Website: www.fota.com

Email: support@fota.com

Twitter (Grace Li): @graceli1221

OkayKrypto: In the current market condition, what do you think is the most effective way to increase media visibility, reach out to investors and raise funds?

Grace Li (FOTA): I am in charge of PR for our company. I had worked for an official news agency in China on marketing using traditional media. When I came to the crypto industry, I realised that crypto media is very different compared to traditional media. However, nowadays in this industry, crypto media plays a very important role in this industry. And, media also creates exposure for very good and important products or exchanges like us to increase exposure overseas and get more attention from users or investors.

 

OkayKrypto: Which do you think has the most impact on your business now in terms of fund raising?

1) ICO Telegram Groups

2) Crypto Traditional Media

3) Private Investors Events

Grace Li (FOTA): Well, I think that all 3 options are very important and businesses cannot ignore one of these options. Personally, I think that ICO Telegram groups are very important because we need support from our community and we need users who like our platform and exchange. Because you can have a very reliable and secure exchange, but you also need many users to use your platform. Thus, the community for me is very important.

 

 

2) Crypto Robotics

OkayKrypto: What does your company do?

Vadim Galeev (Crypto Robotics): We are software developers and have developed a product that will allow you to trade on 10 major cryptocurrency exchanges. We have all these exchanges in one unified user experience so you don’t have to spend your time on switching between different exchanges. You will have everything in one window and you can easily switch between these exchanges in one click. Also, we are bringing some added value to those exchanges. So, things like the simultaneous stop-loss and take-profit that is not readily available on every exchange, are made available on these measured exchanges by us. And, we also have a technical analysis tool set starting from the automated technical analysis dashboard that helps you to make a decision to buy or sell the currency.

OkayKrypto: Who is your primary target market?

Vadim Galeev (Crypto Robotics): We are targeting crypto traders because this is a trading solution. But, their experience level can range from being amateurs to professionals. For amateurs and newbies, we have developed tools that are visual, are easy to understand and use. As for the professional traders, we have the tools that they are used to. Most importantly, we have total automation and that’s why we are called Crypto Robotics. We have algorithmic trading robots and that’s how we’re going to monetise our service because it is free of charge. We do not charge any commission and it’s freely downloadable from our website. You can start using it today. But, you have to pay for the service if you want to use our robots.

OkayKrypto: How does your company stand out from its competitors?

Vadim Galeev (Crypto Robotics): As I have already mentioned, the basic functionality of our product is free of charge. So, that’s one of the first of our competitive edges. On the other hand, if you compare us to other solutions in this area that provide a front end solution for trading, we actually have more functions and more options than anyone else. So, that’s probably another thing that makes us stand out.

OkayKrypto: How can people contact you?

Vadim Galeev (Crypto Robotics):

Website: www.cryptorobotics.io

Email: vadim@cryptorobotics.io

Telegram: @holders_cryptorobotics_eng

OkayKrypto: In the current market condition, what do you think is the most effective way to increase media visibility, reach out to investors and raise funds?

Vadim Galeev (Crypto Robotics): That’s a very good question. That’s why we have not released our robots to the public yet. We have them in development. We have four different robots. Many of them are running right now. The robots that are running at the moment are displaying mixed results because the market conditions are changing so rapidly. It’s not something that we can control. So, we are trying to come up with a set of strategies that would be digestible for general audiences so that they will be able to adjust some parameters, start trading well and doing algorithmic trading right now. We are also working on marginal trading bots so we will be able to trade not only on the growing market but on the falling market as well. So, this is still under progress and we are working on it.

OkayKrypto: Which do you think has the most impact on your business now in terms of fund raising?

1) ICO Telegram Groups

2) Crypto Traditional Media

3) Private Investors Events

Vadim Galeev (Crypto Robotics): Personally, I can tell you from my experience that Telegram groups are not working in this market condition. This is my opinion. We had some value from roadshows. But, the most value we had came from two things. The first is the referral program that we ran on our bots while we were offering a subscription to our bots, in addition to the investment. And the second thing that was definitely working was the private meet-ups. It is also very important that most of the money for ICOs are now, coming from “kind of” funds. I’m saying “kind of” because it’s not only funds but also conglomerates and probably even something that used to be a Telegram group a year ago which became a fund later on. And, this is probably the way you should follow to raise your money now.

 

3) ScoreChain

OkayKrypto: What does your company do?

Lisa Boussard (ScoreChain): We do AML compliance for Bitcoin and Ethreum. So, basically we track the Bitcoin blockchain and Ethereum blockchain and we have tried to put some risks scoring. This allows exchange platforms, brokers, banks and auditors to see if they can accept the funds or reject the funds.

OkayKrypto: Who is your primary target market?

 Lisa Boussard (ScoreChain): In the crypto world, we have exchange platforms and brokers. In the traditional finance world, we have private banks and auditors who want to check many crypto millionaires’ sources of wealth.

OkayKrypto: How does your company stand out from its competitors?

Lisa Boussard (ScoreChain): We are number one in Europe. We are based in Luxembourg and have close relationships with the regulators to see how we can push the regulation to the crypto world. We have a great UI. And, our product is also available via API so our customers can automate all the checks.

 OkayKrypto: How can people contact you?

Website: www.scorechain.com

Email: lisa.boussard@scorechain.com

OkayKrypto: In the current market condition, what do you think is the most effective way to increase media visibility, reach out to investors and raise funds?

Lisa Boussard (ScoreChain): We have existed since 2015. So, we have lasted quite a while in the crypto world. Now, crypto companies want to stay in the crypto world. So, they want to use the tools that we have to be sure that their business will not shut down by regulators. Thus, we have a huge traction now in the market.

OkayKrypto: Which do you think has the most impact on your business now in terms of fund raising?

1) ICO Telegram Groups

2) Crypto Traditional Media

3) Private Investors Events

Lisa Boussard (ScoreChain): I would say private events because we can target our prospects more easily.

 

4) ARK

OkayKrypto: What does your company do?

 Matthew Cox (ARK): We’re a blockchain platform for developers. So essentially, we are creating a system that makes it very easy for developers who are looking to put blockchain into their applications to build with the ARK ecosystem. We do that through trying to solve a series of problems which makes it easier for the users and blockchain developers to use. This is done through a system that we believe is much more scalable by taking everything off of one blockchain and doing what we call, bridge chains. This is essentially a side chain system. We make it a lot easier to scale and have a higher throughput. We also prevent the system from being bogged down by really popular apps. We have made it in such a way that everyone can customise and do their own thing. On Ethereum, people build an ERC-20 token and they’re kind of relegated to that specific contract and what it’s capable of. In our system, because you’re not just an ERC-20 token and you’re a blockchain, you can customise everything the way you want and create your own innovative system and do a lot more with your blockchain. So, it lets you make an application that’s capable of a lot more than just an ERC-20 token.

OkayKrypto: Who is your primary target market?

Matthew Cox (ARK): The primary target market would be start-ups, individual blockchain developers and enterprise level customers. We believe that we shouldn’t be targeting users directly with our platform. We want to target the developers and then, the developers’ applications will target the users by creating use cases and things that the users really want to use by using our platform to develop their systems.

OkayKrypto: How does your company stand out from its competitors?

Matthew Cox (ARK): There are some things that we are doing that make us different. On a lot of the other systems, like Ethereum, it is all on one central chain. One thing that we initially identified is that we did not want everything to be on one chain. We believe fundamentally in decentralisation and we feel like putting all the applications on one chain is a form of centralising it. And so, we decided that we would do our bridge chain system in a way that you can create your own blockchain with the ARK ecosystem and with our blockchain toolkit. When you deploy it, it’s out there as its own blockchain. But we have an interoperability system called a smart bridge that allows that blockchain you have created with our technology to communicate with our main blockchain. And so, we have created individual block chains, but they still have the ability to communicate with one another and this has been done without putting them all on one central location where if any piece fails, the whole network fails. So, if our main network goes down, you’re not losing your entire operability to do your business for a period of hours or days. If you’re a business and have built your application on Ethereum and Ethereum has a hiccup even for 2 hours, you will be losing money. And so, in our case, we wanted to pull that off with our main chain.

 OkayKrypto: How can people contact you?

Matthew Cox (ARK):

Website: ARK.io

Email: matt@ark.io

OkayKrypto: In the current market condition, what do you think is the most effective way to increase media visibility, reach out to investors and raise funds?

Matthew Cox (ARK): Currently, we are not really looking for investors as we raised some money a couple of years ago and we raised enough that they could probably fail for the next two years and still have enough funds to keep developing. So, money is not a major issue right now. Our biggest hurdle is just developing the platform and in this bear market, I think that it’s just about being friendly, approaching people and trying to make partnerships happen. That’s kind of how you are going to grow.

OkayKrypto: Which do you think has the most impact on your business now in terms of fund raising?

1) ICO Telegram Groups

2) Crypto Traditional Media

3)Private Investors Events

Matthew Cox (ARK): Private investor events and ICOs do not really directly impact us now. So, I would say it would have to be traditional media because we are trying to get awareness out about what we’re building and what it’s capable of as that’s an area where a lot of people struggle with if they’re not in the Ethereum bubble. For us specifically, ICOs at some point might be an issue because we want to work with partners who want to build on our platform and a lot of those people will need to raise money. So maybe at some point, ICOs will be able to facilitate them with raising the money they need to build on ARK. However, it seems like the ICO model is shifting and changing as we progress. So, we aren’t really sure of what it’s going to look like in a couple of years. But I think that at some point, we will want to facilitate and help people raise money to build the applications that they want on our system.

 

5) TTC Protocol

OkayKrypto: What does your company do?

Chase Chang (TTC Protocol): Our product is called TTC Protocol. We are here to disrupt the current social network that is running on the centralised system. The idea is simple. Most of the social networks are run by and fueled by the user generated content and the user driven content consumption which means that they are creating most of the value of the platform. However, all the profits and benefits go to the centralised system. So, what we are trying to do here is use blockchain technology and the power of cryptocurrency to restructure the value of distribution of those value contributions from every participant.

OkayKrypto: Who is your primary target market?

 Chase Chang (TTC Protocol): The blockchain space is mostly global. However, our first target region is Southeast Asia. We have three reasons for this. We’re dealing with social networks so we need a lot of head count. First of all, there are a lot of people in Southeast Asia. Secondly, there’s a lot of unbanked people. So, these are the people who are not really benefitting from the traditional banking system. So since we are dealing with giving rewards back to the users or unbanked people with a cryptocurrency, it’ll have a really high impact to their lives. Thirdly, the amount people in this region earn is relatively lower compared to the Western world. So I think with cryptocurrency, the amount they earn through our protocol will be very impactful to their life instead of earning just pocket money.

 OkayKrypto: How does your company stand out from its competitors?

Chase Chang (TTC Protocol): First of all, I think we stand out for two things. One is our size and the other is speed which is pretty much everything. We are dealing with social networks and the user count is very important. Most of the other social networks focus on blockchain product protocols and projects and claim that their idea works and they start their new app. In comparison, we already have a tool that is ready to be onboarded into our protocol at this point. The first one is called TataUFO. It’s called the Instagram of China and it has 13 million users who are very active. The platform handles 1 billion messages between users every single day right now. They are a very active social network that’s ready to be on chain. The second one is called ALIVE. It’s a video editing and video sharing community that has over 10 million downloads. So, we already have over 20 million active users who are ready to be onboarded compared to any other protocol that starts from zero. So that’s our size. We started writing our WhitePaper in January this year and we have already completed the building of our main net. Next week, we are starting our penetration testing and security check for the test net. As early as in the fourth quarter of 2018, we will be migrating over 10 million users into the blockchain. And, I think that no other projects have done that in 10 months yet which shows our speed. So, we are very excited and I am so proud of the team.

 OkayKrypto: How can people contact you?

Chase Chang (TTC Protocol):

Website: www.ttc.eco

Telegram: ttc_official

Email: chase@ttc.eco

OkayKrypto: In the current market condition, what do you think is the most effective way to increase media visibility, reach out to investors and raise funds?

Chase Chang (TTC Protocol): First of all, we’re here. So, I think that we have to be out there. I think that an online presence is important. And at the end of the day, the blockchain industry is still very young. This means that a very small amount of people actually have a lot of influence here and it is very important for us to be here physically even though we’re dealing with online social networks. Offline social networking is very important right now. So, we try to go out and then, have face-to-face conversations. I think this is important at the moment.

OkayKrypto: Which do you think has the most impact on your business now in terms of fund raising?

1) ICO Telegram Groups

2) Crypto Traditional Media

3) Private Investors Events

Chase Chang (TTC Protocol): For our business, I think crypto traditional media and private investors events are more important. Since we are dealing with a 30 million user based social network as a first step and that’s already a bigger community than Telegram. I think most of the projects are suffering because they don’t have a place to communicate to users to try our their service. That’s why Telegram has become the number one community for them. However, we are dealing with active users and social networks. Crypto traditional media is catered more towards the public. I think you’re doing an excellent job by educating the society and the public. At the same time, having a product is important because it has the power to shift directions and then, develop certain aspects faster than the others.

 

6) Uranus

 OkayKrypto: What does your company do?

Man Kit Iao (Uranus): Basically, we are a blockchain project. We’re using blockchain technology to aggregate the redundancy of the computing power surrounding society by using the distributed computing technology. It does not take a lot of computing power to do web surfing on your mobile phone, desktop or laptop. As such, a lot of the power used is redundant. As such, power usage is not optimised. But when you are using the Uranus platform, you can share your computing power through our platform and then, you can get our tokens as a reward.

Enterprises like Alibaba or Amazon or even Universities will be our target users. They need to use a lot of computing power to generate some scientific research data. Some of them even need to use a supercomputer to do the computation, but a lot of projects cannot offer to buy a super computer so they can use the Uranus platform as a solution by using the computer through a lot of people sharing their computing power on our platform.

OkayKrypto: Who is your primary target market?

Man Kit Iao (Uranus): We have two target markets for our audience. One market is the computing resource contributors. The other market is the computing resource users. The contributors will be everyone in our society because a lot of people have a mobile phone, desktop laptop which have a lot of redundancy in terms of computing resource power. For the users, we focus on institutions and enterprises, because they need to use a lot of computing power. So, they will be our main target audience.

OkayKrypto: How does your company stand out from its competitors?

Man Kit Iao (Uranus): Recently, there have been a lot of blockchain projects that are offering cloud computing related services. The CEO of Uranus has a lot of experience in the tech industry, especially in cloud computing services. He used to work for the subsidiary of a company called ZTE. It is one of the largest telecommunication companies in China. He was also the founder of a company that had made a product which was successfully used by the top 20 Chinese companies and the Chinese government. So, in terms of the team experience and the connections we have within the cloud computing industry, we are experienced and can drive our project towards success. And, our CMO has 10 years of experience in internet marketing. He has worked at the management and executive level for Alibaba and Coca Cola previously. In comparison with our competitors, most blockchain projects are young and innovative. But, we have a different feature. We are mature, well experienced and this project is ready to be made and industrialised.

OkayKrypto: How can people contact you?

Website: www.uranus.io

Telegram: @Uraners

Twitter: @Uraners

Information about our project, investment, technology as well as our WhitePaper can be found on our website. I am the Community Manager and one of the admins in our Telegram group and can be contacted there if people would like to participate in our token sales.

OkayKrypto: In the current market condition, what do you think is the most effective way to increase media visibility, reach out to investors and raise funds?

Man Kit Iao (Uranus): When we were about to start our fundraising, the market situation changed dramatically at the beginning of August. Everyone is surprised about the sudden market change. But fortunately, we have quite a significant amount of funds in order to launch our project. In this situation, we want to protect our existing investors. Our project is ready to be industrialised and be applicable. We are not just an idea. Our technology is already being made unlike a lot of projects.

OkayKrypto: Which do you think has the most impact on your business now in terms of fund raising?

1) ICO Telegram Groups

2) Crypto Traditional Media

3) Private Investors Events

Man Kit Iao (Uranus): I think all of them are impactful. I cannot choose one as the most important because all of them are mutually connected with each other – like the Telegram groups as we are going to find some potential investors from there as well. In our Telegram groups, we also need to have some news published and shared to increase our exposure. But if you really need me to pick one, it should be our community which is not just limited to Telegram. Because investors and the news is still within the ecosystem of our community. I think this is a way that our project can connect to the outside world. If you want me to pick one, it should be the community.

 

 

Continue to Part 1

Continue to Part 2

Continue to part 3

Continue to Part 4

Continue to Part 5

Continue to Part 6 

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