Mini Intro & useful linksHello good folks, we aim to build a truly innovative DEX...
...another one? do we really need more exchanges?We totally agree. Why we’re better in 10 seconds: our platform shares the revenue it generates with its (active) user community using a game-like points system. Kinda like the Steemit.com of crypto exchanges.
Furthermore, CryptoArena is bound by smart contract to "self-decentralize"; by this we mean that the allocation of revenue distributed to users increases over time, from 25% until reaching 100%. At this point, the company automatically transforms into a fully self-sustained, non-profit, circular entity operating entirely for the benefit of its user community.
We call it a "Self-Decentralizing" Exchange.
Find out more by visiting these links :
cryptoarena.eu (website)
cryptoarena.eu/blog/cryptoarena-intro (intro blog)
cryptoarena.eu/blog (other blogs)
cryptoarena.eu/documents (more details) "self-decentralization explained" file particularly recommended, if you're willing to read a bit more (6 and a half pages).
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Or ask me here directly. I am Lorenzo Ferrari, cofounder of CryptoArena, feel free to AMA. This first post covers a couple key points and provides an info directory to further dive into, but the thread is mainly for promotion, engagement and interaction with anyone who is, or may be, interested in our project.
4 Key Points OverviewCryptoArena is a DEX established on commercially competitive premises, but unlike competitors, we use a tailored combination of the latest techs to redistribute incremental proportions of platform-generated revenue as activity incentives and performance rewards, in a perpetual and mutually beneficial cycle between Users and platform. Automated, transparent, immutable.
1.Fundamentally speaking, we believe:
- "Decentralized" should also mean "Free of Special-Interests".
- That a "Decentralized Exchange" should operate to benefit Users, not just shareholders.
- That services advertised as "free" actually turn Users into the products being sold.
And we came up with a feasible solution to deliver our interpretation of "decentralization", while leveraging it into both (we argue) durable competitive advantages, and a very attractive investment opportunity.
2.How
"Total Revenue Sharing" works in a nutshell:
- Users on our platform earn "Points" from all fee-bearing activity (e.g. trading).
- Your Points are tallied monthly into a "Score".
- Your Score, relative to those of other qualifying Users, determines the amount received individually from platform revenue distributions.
- The amount distributed by the platform is predetermined to increase over time, and will eventually reach 100%
CryptoArena's unique offer creates a social-competitive trading environment, in which Users compete & cooperate to grow their own shares of the revenue of the platform by maximizing their personal scores.
3.This premise provides massive incentives to involvement on behalf of users:
- Users have their own interest in the overall success of CryptoArena. The more it grows, the more goes around.
- Users earn points primarily through fee-bearing activity, but also whenever they contribute to creating value within our network through various other means (e.g. recruit a friend)
- Our "gamified" offer, social & competitive aspects, as well as our revenue sharing incentives, will make individual Users more likely to put in extra activity on our exchange than they would on a competitor's platform. We anticipate benefits to KPIs (e.g. CLV, churn, CAC) deriving from these factors.
4.We also aim to build various complementary services. We only mention a couple, those planned for Launch:
- Patrons (copier) & Champions (copied) - our own version of "Copy Trading", similar to the service offered by eToro, but featuring notable advantages. Most importantly, both categories earn bonus points from their cooperative activity, leading to greater scores, and thus profit. But also features more choice, customization, and is smart contract secured & non-custodial.
- Competitive Events - are a variety of specials events with different rules, prizes and conditions. Some run all year long and elect the best performers of different user categories (Leaderboards), others are organized in a similar manner to online Poker featuring entry fees and placement prize pools (Tournaments), others temporarily waive fees (Frenzies), and more.
Allow me a gambling metaphor to bottom-line it: sort of like a casino in which the "house" redistributes its profits to the gamblers, based on individual performance at the tables.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Present situation, Airdrop & how you can help usWe are an early stage startup (TRL3), indies with big dreams, seeking to build up our initial traction & audience, to validate our offer and consolidate our position, prior to actually launching our first major (part institutional part public) fundraising round. We have been doing the "legwork" privately for quite a while now, have consolidated our plans and have established an initial network of experts, advisers and potential investors.
CryptoArena has been well-received and liked, but
Startups depend on their capacity to build loyal communities to justify their valuation to potential investors, and therefore, ultimately, for survival.
This applies even more than usual to us, due to both the objective technical complexity of our platform and the shortcomings of our newborn organization: we have vetted plans and a really interesting offer, but lack the capital to secure the expensive specialist expertise and technical components that we (have identified, and) need to deliver CryptoArena.
CryptoArena is designed to serve you, crypto traders, enthusiasts and hodlers, and your interests. We need your support. If you like what we're doing, please spare a moment to give us a hand. Find out all the ways you can help us here:
cryptoarena.eu/supportusParticularly, there are a couple quick & free ways you can help, that make a massive difference for us:
Visit our Website and sign up for our newsletter (no spam) & fill out our brief survey (1 min)
cryptoarena.euGrowing newsletter mailing lists is a key objective for startups as it directly bolsters traction numbers, creates the basis of audience which may be grown into a community, and is overall a very useful little piece of data to present to investors when you ask them for money. And of course, the feedback from the survey is appreciated and valuable, as it helps us find out how and where to do better in the future.
To thank you for your help, for the above-stated reasons:
Register for the newsletter now and you will automatically qualify to receive an Airdrop of our unique Security Tokens: L.E.O. (Limited Equity Options) Tokens.
This offer is valid until the end of current funding round; Airdrop will be delivered at a later date when the Tokens are minted. (our first two funding rounds use custom SAFE convertibles)
Send us a Letter of Intent ("LOI")cryptoarena.eu/loiLike CryptoArena but not ready to invest yet? Too early? Too risky? Want us to develop more before committing your hard-earned money? We get ya.
With a LOI you can place a
non-binding "reservation" to purchase equity capital shares, in future rounds, if the company manages to achieve the milestones you select. It's just a statement of interest, you can change your mind anytime. And we get to show institutional investors that there's more people interested in us once we reach later stages.
Like, Share, Comment. Help us reach more people!
twitter.com/CryptoArena_CVfacebook.com/CryptoArenaCVPartnerships, Collaborations & Job applications. We are also looking for professionals of various backgrounds, to work with us, in making CryptoArena a success.
cryptoarena.eu/work-with-usThink you can contribute to CryptoArena? We'll gladly receive your candidacy. Get in touch!
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
F.A.Q.I'll start myself with a few questions we have encountered before, and add edits to this post as new questions come in.
Wait, what? all the way to 100% of revenue? how will you sustain operations?Net Revenue - meaning after operational costs, taxes and retained earnings. Distributions are automated, periodic (monthly) and run on a "next period" basis (e.g. January accrued allocation is distributed 1st of March. Feb -> Apr etc.)
Is this a charity? What do you get out it? Why are you doing this?Nope. Not a charity, albeit a kind of "for-good enterprise". We (founders) get common stock shares and fulfilling jobs. Most importantly, by "self-decentralizing", we get a fundamentally better value proposition than competitors, which we otherwise wouldn't have, and from which the aforementioned shares and jobs draw their value.
p.s. founders' shares are voluntarily locked (can't sell & run) for the full max duration of the "self-decentralization process"; to guarantee our genuine commitment and belief in CryptoArena.
But why would investors put money on "self-decentralization" if the outcome is a non-profit?Investors, by definition, invest for returns.
We require the Consensus of all Investors to our processes, terms, and objective of "self-decentralization". In exchange, we offer a unique profit opportunity featuring very favorable terms until that objective is achieved. These include all normal rights associated with Securities, and a whole extra revenue stream, and more. In a nutshell: we offer greater returns (than comparable investments) in the short/mid term, in exchange for the long-term consensus to the non-profit mission that enables our innovation.
Find out more through links, or ask us!
Basics:
cryptoarena.eu/investorsMore Details:
cryptoarena.eu/documentshmmmm OK. It does sound interesting. What's the best -free- way for me to help?LOIs (
cryptoarena.eu/loi), hands down, are the best. It's basically just a bunch of people stating "I'm not willing to invest now, but may be, IF you can actually deliver". So, they're easy to arrange and significantly reduce risk from the perspective of VCs, or other potential Lead Investors, especially if (as we hope), we manage to engage a decent amount of people. It strengthens our negotiating position enormously. To make a concrete example; think about it this way:
Our minimum target for the first Seed round is € 500K. How much easier would it be convince VCs if we had another € 500K in LOIs for Round 2? What if we had € 1 M in LOIs? More?
