Hi Team,
Can you please help clarify a few queries?
a. You mention that you are planning to make (and sell eventually for this to make sense) 40,000 devices in the first year. By the third year, the total units produced / sold is expected to be 300,000. Can you provide some numbers in terms of sales for the leading wallets like Ledger Nano?
b. To understand the scalability can you please provide a rought estimate of pastilda devices (Password manager) sold by your company?
c. Given that you are only accepting ETH cypto, when you say allocations will happen based on fiat rates (say 0.3 USD per token), how will the number of tokens be decided since the value of ETH in USD keeps fluctuating? For example, on 9th Jan 2018, say ETH is quoting at 900USD and I pay 1 ETH to your wallet for obtaining Giza Tokens, will you allocate me 3000 giza tokens (900USD/0.3 USD per token) or will the final allocation of token be decided at a later date etc?
d. Can you please explain or point to relevant links / videos which provide a clear idea of how the recovery will happen once the Giza device is lost by someone? I dont quite understand how someone can get all the relevant data lost in the old device - how and where is this getting backed up, the rentention and other details are unclear.
Thanks in anticipation. Wishing your team success.
Hello and thank for asking!
a. Ledger Nano S is planning to sell 40 000 - 60 000 pieces this year. Despite Ledger is one of the well-known existing market players, Giza Device offers more functions at a lesser price. Along with the professional Marketing Campaign and the growth of demand for hardware wallets Giza is going to sell no less than 40 000 devices during the first year.
In addition to this we're planning to win the attention of wider audience as Giza is not just a hardware wallet, but also a password manager and encrypted file storage, which means our device will find a larger market than existing hardware cryptowallets.
b. Pastilda is not a commercial item. It's made by Geeks for Geeks. There were less than 500 devices produced. Needless to say, that Pastilda hasn't got any marketing budget and it was never put in serial production. This device simply proves that our team is able to develop a high-end device like Giza.
c. If you pay 1 ETH to our wallet for obtaining Giza Tokens,on the day ETH is quoting at 900 USD, we will allocate you 3000 giza tokens (900 USD/0.3 USD per token). We allocate GIZA tokens on day to day basis.
d. The process will look similar of Ledger Nano S, the only difference is that all your data will be stored in blockchain, which means we don't have access to your personal backup.