Choosing business area for launching project on the blockchain (Data Markteplace). Week # 2.Disclaimer: I am not PRO as a lot of people on that forum, but i try to do my best. I believe i can study in process and do it really good.
I am setting up a company on the blockchain and the main event of the past week is the rejection of the idea that was laid as a basis initially. The first half of the week I was developing the White Paper. The ideas, as well as the project’s functionality were described. I started working on Tokenomics.
The very notion was to give user a possibility to keep a journal on the service and control his way to the goals by the means of this service. He would receive service tokens for regular work on the journal.
Why have I given up on this idea?
- Projects aimed at prospective technologies are required in the crypto community. Target setting is not enough to inspire the right number of people
- Applications for target setting have low demand even without blockchain, to that end it is enough to have a look at the AppStore’s statistics
The whole next day was spent working through the new idea.
This is going to be a decentralized, uncensored marketplace connected with data sales.
Information is the core value in many businesses, but information is difficult to buy. Oftentimes it is not clear where or how can it be done.
The scope of the purchased data is extensively variable.
By way of example — a food delivery application can provide data to the new restaurant with statistics on, let’s say, selling burgers. This impersonalized statistics will show the experience of other restaurants — which burger is more popular and at what price, what else is included in check except for burger; at what time it is better to add one more cook to the kitchen and so on.
What about finding a use for marketing experts? Do you want to know which settings of an advertising company give the best result? But the main clients are companies and corporations.
Big Data is an engine of the large business.
What happened this week?
- There were changes in the team
- Straight after posting on Telegram I received a letter from technical specialist. We got acquainted and decided to project together
- I had talked to by another technical specialist who develops his product. He offered to work on his project on half-and-half basis. I took a time-out, because my personal project has the highest priority
- I hired a translator and started keeping a blog in English. I have the proficient knowledge to translate the text into English without exterior help. But this would look like “Russian” English. I want the reader to receive a fine content. I was not satisfied with work performance of the first translator, that’s why I will hire a new specialist for this post.
- I posted my blog on vc, medium, reddit and twitter
- On the site vc.ru I put an ad at the sum of 70 USD; as a result I received 400 views and 11 followers. The results are not much cop, but there is a visible feedback
- On Telegram, I put an ad at the sum of 800 USD in the crypto channel
https://t.me/Coin_Post; this is the main fail of the week. I received just 230 followers
- I changed the project name from Twins to EVIS. Briefly and laconically
- The work in study the legal aspect of project start-up was carried out
Financial statement:
800 USD for advertising on Telegram. The result is 230 followers
80 USD for advertising on vc.ru. 400 views
This week’s investments happened to be ineffective.
Plan for the new week:
1. Conduct a detail analysis of data marketplaces, highlight strengths and weaknesses
2. Make a draft describing proprietary product
3. Start working on White Paper. I estimated that writing the full version will take 3–6 weeks.
4. Create several more accounts through social media platforms. More media outreach is better.
Do you want to join my team?
I’m announcing the bounty program. Essentially, I will need the help of various specialists to create and develop this project. I can hire for a price, but working with those who are inspired by the idea of creating the data sales project is front and center.
I will post a list of vacant positions or individual tasks.
Every single one of you who helps or works on a project will receive project tokens commensurately to your contribution and will be published on the project website (if the desire exists), and I will also tell about you on my blog.
In case you want to work on the project, but exceptionally for a price — it’s all the same, contact me.
Looking for assistants:
- If you worked before in the same project
- Social Networking in Russian
- Social Networking in English
- Buying ads
- Designer
- English translator