Ibtisam and Imran on TenUp.io’s microinvestment platform

0:00I'm action Addison from event chain for investmentpitch media and FinTech news network and today on blockchain interviews we have empty Sun and Imran the lead blockchain developers of 10 up a micro investment platform utilizing blockchain technology team it's good to see you guys again and welcome to the show it's a pleasure to have you you're very welcome

0:26so if the Sun if you could start a little bit about tell us what is 10:00 up and what are the solutions that you guys are providing into the market okay well is a medium between ventures and investors let me explain then leave that every individual is blessed with some great skill set and some of those who have great passion and enthusiasm who transform their ideas into identities so

0:53to provide a push to such creative and intellectual minds Tanner has come with a complete unique and out-of-the-box function basically TANF is a block team be a venture capitals platform to connect the ideas with the investors who are ready to put their trust in highly physical proposals and also the providing that transparency interest that is currently lacking especially if

1:17end distance are involved okay that's great the primary but let me go ahead and promote the idea of Antep towards individuals group of people and businesses so this is the main idea of the donor yeah that sounds great I know that there's tons of startup companies that are looking for funding and they're

1:45looking for a platform that's easy to show people and bring exposure to their companies so I'm glad you guys are working on that and it's interesting that you're incorporating blockchain you know could you elaborate a little bit more on how this platform is unique and how you guys have actually integrated the blockchain into it well this platform is unique in the sense that

2:05every vine owner like every TANF owner will have the right to vote for the proposal that is being fished by an you know venture so that everyone can vote on it whether they seem it to be scalable or not so but the definition of voting power is a slightly different here so the voting power will depend upon the point that you are holding as it will separate the master owners there which

2:32are holding a good amount of file and the regular stickers that hold a lesser amount also the voting will be done on blockchain so to keep that transparency has food you know all the funds connected for the selected project will be safely deposited in the TANF foundation and the funds will be allocated to the candidate of the selected selected proposal for the no

2:55relook time so this way we can incorporate the blockchain into the fun transfer method also the block voting and voting power method so as this is a microfinance of the home based on the blockchain yeah that's great Imran and yeah I like the ideology behind voting on the blockchain that's one of the core principles that I think can be implemented into not just micro

3:19investing platforms but governments and all of these other industries so it's great that you guys are utilizing that and maybe we'll touch on it a little bit further in the in that latter half of this interview but are you guys utilizing the etherium blockchain no even more impressive that's great so is the platform already live right now and is the blockchain on the main net or the

3:45test net and what's the situation surrounding the development of that blockchain so I guess that will be the end of this year I hope okay that's great and how much when did you guys first start developing the blockchain for me it was two years back when I first drive

4:18into this world and ever since I've been in love with this well I guess same experience because approximately three years ago I started learning blockchain technology from different online institutions like udemy and Coursera and then I started learning how to make different platform how to make different wines on different platforms like aetherium and so I think my experience

4:44is about three years that's great and that's great that you guys have this blockchain up and running on as a main net so and is that is are there note is it running like a proof-of-work algorithm similar to Bitcoin and aetherium or is it different than that so yeah that's great if X is a great project I know about that project

5:15so that's great to hear that you guys are doing that so you guys are anticipating launching the platform near the end of this year you mentioned you know what are the milestones in your guys's roadmap which you expect throughout 2019 you know on the way to releasing the platform what what are the things you guys need to have done in the field we have three main objectives

5:48secondly gender mobile wallet so users can easily join ten as a lifetime and thirdly in this year we have to look forward to hit more exchanges to enhance that and a pigeon on block symbol so these are the objectives in this year mm-hmm that's great that's awesome and have you guys hit all of your objectives on time for your roadmap in developing the blockchain is everything going

6:12according to plan because we laid our public sale and because we stick to the private sale crowd so yeah my Natalie happened but not you know anything serious yeah and I that we'll be able to get out all our milestones this year one time that's great Imran and that's

6:41expected of any business and especially in the cryptocurrency industry with a downturn you guys sound like you're doing quite well you know despite the market conditions so I'm glad for you guys with that so are any entrepreneurs or founders able to you know utilize 10 up and just post their projects with no barriers to entry and is there are there entry costs to getting on the platform

7:05or how does that work when I want to sign up those that have open blockchain technology are enough to change the dynamics of the traditional market so I will explain you the whole scenario as mentioned earlier Deneb is providing an opportunity with stakeholders to put their business proposals on the platform

7:32to acquire funds so the proposal will then truly looked at by the look by the kind of community each one donor will have a right to vote for the project they like and their voting power will be B is number of points you are holding so in short all the funds collected funds the selected proposed LBCC be deposited in 10 a foundation the funds will be allocated to the candidate of the

7:56selected project proposal each time or a target is completed so any individual any entrepreneur we have great idea can easily join out on a platform and submit their idea people can go and and if the project is selected they can easily and fee charges yeah there would be some some small amount of B just to separate

8:25the weight out of the good ideas so we will be doing that to rectify the process further yeah that's great that's great and I I'd and thank you for reminding us at the voting platform integrated with the blockchain and that makes sense how you can differentiate between quality projects and lower quality projects so as you mentioned Imran there may be a start-up fee

8:48probably something small are you guys going to be taking a fee on the funds invested as as the platform that's being utilized or art is the main revenue source of the company just from from the initial startup fees like how was your guys's revenue model going to sustain and is that just in that the 10 up foundation or is there like a separate profits that

9:11are being derived from using the platform well the fee would act as a rectifier basically it will not be source of revenue for the foundation itself the foundation will earn to the project because the foundation will be having equity on the ventures that the foundation would be investing upon so that's great and do you guys have a marketing plan when the product goes

9:37live how do you expect that there's a lot of startups that will just flock to the platform because they need funding or do you guys have a plan to penetrate in the market throughout you know the Middle East Asia and the surrounding areas well starting from our origin we will be doing selective marketing to invite the ventures it's not like every other venture would flock into our

10:04domain will have to cordially invite them in order to make did provide a platform so we will be doing marketing yeah that's great that's great so as you mentioned there's a couple things that you guys need to do before your product gets launched do you guys foresee any challenges in the development do you need more staff or is it maybe just once the products launch

10:28there may be challenges towards marketing the product you know where do you foresee your biggest challenges ahead right not yet because you know the development of crowdfunding platform on blockchain technology is a difficult task but we believe that by the end of this year we will have a running platform and have a life funding that's great and as you guys mentioned near the

10:54beginning in run about the 10 up coins that you guys are doing a private sale and a public sale what's the situation on the coins right now is are the sales done and the token holders are being held or is the public sale still upcoming well we actually have you know somewhat scripts a public sale because for us for the start of this micro financial platform the private silver sufficient

11:22but we will fighting all the investors who are looking forward to no invest and some sort of festival points of you be looking for that but yeah the public sale won't be happening any damn sold because the private server so sufficient yeah hey and if that works that works so good for you guys for raising the capital needed throughout the private sale and that sounds like you guys are

11:46well on your way to developing the platform so if there are people either founders or people that are looking to invest that want to take a look at the projects and follow along with 10 up as you guys release your product what's the best way to stay in contact with the team and get involved community sort of there so they can join us there and

12:16contact that means which are our team members also they can contact us on this code or you know they can join us on the Bitcoin talk as well because we are activate all the social platforms including Facebook Twitter etc so you know they can link us wonderful if you saw an EM run from 10 up tot I oh I will link your guys's telegram your discord and your Bitcoin talk to 10 up in the

12:45description box below that's all the time that we have today but I'm looking forward to following up with you guys and the next interview and see the progress that you've made so thank you so much for taking the time and until next time you