Aug. 31, 2018 - Real Coffe - Scott Adams
10:57
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| Time | Text |
|---|---|
| Valentine, if you haven't heard this, that is my opening music for my Periscotes. | |
| I do it myself. It's called... | |
| Hey everybody, come on in here. | |
| We've got a very special, and it'll be kind of a short periscope on one topic. | |
| If you didn't get enough of me this morning, here's more of me. | |
| Alright, I'd like to introduce my special guest. | |
| And I'm going to do a terrible job of correctly pronouncing his last name. | |
| I hope you'll bear with me. | |
| It's Valentine Priobrazhensky. | |
| Am I close? Yeah. | |
| Okay. So, Valentine is CEO of LAToken at latoken.com, a crypto exchange which will be listing my startup's token, the WEN, on September 1st. | |
| I've got little cheat notes here, you can see. | |
| So, you can see that the token will be called the WEN. And it's WenHub is the company. | |
| The app that it's associated with is the Interface by WenHub app, where you can instantly connect to experts on all kinds of topics. | |
| Any expert can sign up, create their own cost and price, and then it's just automatic within the app. | |
| September 1st, you'll be able to buy our tokens on latoken.com. | |
| You can get them on wenhub.com, but go to latoken.com on September 1st. | |
| And then September 20th, you'll be able to trade them. | |
| If you don't know what any of that means, you're probably not involved in the crypto world, but we'll try to pull you along a little bit. | |
| Now, Valentine, how long has latoken.com been up and running? | |
| It's been over a year, right? | |
| Yes, so we launched LaToken as a tokenization and exchange platform something like one year ago but this is based on my home equity marketplace which I was running for four years and also I added my big office and risk management system for my hedge fund Which I developed for seven years. | |
| So it's a long history of the platform. | |
| Okay. Great. | |
| And how many crypto products do you handle on your exchange right now? | |
| So if somebody had a WAN token and they wanted to exchange it for some other crypto, what are the big ones on there that they could exchange it for? | |
| There are more than 100 tokens. | |
| These are new tokens. | |
| We are adding also new asset classes, especially tokens linked to assets. | |
| Okay, and what are the most popular coins or tokens that are already on the platform? | |
| Is it Bitcoin? Ethereum? | |
| Sometimes there are new altcoins which are kind of exceed by volume of classical Bitcoin or Ethereum. | |
| Recently it was BAT. I also remember Ethereum Dentecoin was leading for a while. | |
| So there are traders looking for liquidity in alternative tokens. | |
| They are coming to our platform because we are the number one Exchange by liquidity in these tokens. | |
| And this is our value proposition. | |
| The biggest liquidity. | |
| And that's why we are the best place to launch a new token. | |
| Right. And are you doing a tour of Asia right now? | |
| Where are you right now? I'm in Jakarta. | |
| So we are making our HR events. | |
| We are looking for our representatives, our partnership managers, so we want to grow our user base there. | |
| Now, I understand. I know you weren't working on this specifically, but we've been working with your team and we've set up some discounts. | |
| So anybody who thinks they might want to own one of my startup's crypto tokens called the WEN, W-H-E-N. They're going to be deeply discounted, 40% between September 1st and the 5th. | |
| Then it goes down to 30% for the next 5 days, then down to 20%, then down to 10%. | |
| So those are the discounts. | |
| The sooner you get in, the bigger your discount. | |
| Now I should tell anybody who has not been in this market before that these are not investments per se. | |
| So they don't qualify as investments. | |
| It's a high risk kind of place to put your money if you've diversified and you've got enough money to put a small portion of it in crypto. | |
| You might want to think of companies that are up and running. | |
| Because a lot of the crypto tokens that you can buy are just ideas for companies. | |
| So you'd be putting your money into something that could only be valuable if the idea comes to fruition. | |
| But we're well along. | |
| We've got an actual app that's in stores now. | |
| It's up and running, many thousands of users. | |
| And the sooner you get in, the sooner you can get the discount. | |
| Now, when they hit the market and they're freely traded in the regular market, The value can go up or down based on market forces. | |
| So just be aware of that. | |
| So the big dates, Valentine, are September 1st. | |
| Anybody can buy the WEN on latoken.com, right? | |
| Sorry, could you repeat? | |
| Oh, so I was just saying the dates. | |
| On September 1st, people will be able to buy The WEN token. | |
| There are already lots of other tokens that they can buy on the exchange. | |
| Yes, if the date is scheduled for the launch of trading, corner exchange, the date of listing is 5th September, then it shall be listed on 1st September. | |
| Alright, so September 1st you can buy them On the platform, but September 20th will be the first date that you can trade them for other currencies. | |
| So how many people work on your team, Valentine? | |
| How many people in your company? | |
| 77 people. | |
| It's a pretty big enterprise. | |
| I know that some people are going to say the sound isn't great because we have some little bit of connection problems. | |
| So we'll keep it short and I want to value your time. | |
| Is there anything you want to tell the audience while you have them here about LA Token? | |
| So we are exchange focused on liquidity in new tokens and asset classes. | |
| So we target to be number one by liquidity in 80% of tokens on our platform. | |
| So if you want to get one of these tokens, you would prefer to go to us because the biggest liquidity is here. | |
| And this is the reason why it's best place to launch a new token trade. | |
| It's on our platform. | |
| We are starting to add new asset classes, tokens representing equity. | |
| So this helps turn private companies into public. | |
| There are also venture funds, can be tokenized and tradable, real estate and so on. | |
| And we are doing KYC and qualification of investors. | |
| In each country, according to local regulations. | |
| So our goal is to make a big audience of qualified traders who can trade in compliance with security regulation. | |
| This opens the door to the crypto market for big corporates. | |
| Okay, great. | |
| Valentine, we're going to keep it short. | |
| People like these kinds of periscopes to be short. | |
| So I'm going to say thank you, and I'm going to sign off now. | |
| And thanks so much for joining us over in Jakarta, you said. | |
| And look forward to working with you in the future. | |
| Thank you. All right. | |
| Have a good lunch. Bye. | |
| Bye-bye. So I saw a question come by that I wanted to answer. | |
| Somebody said that buying tokens, they asked, does that give you equity in the company? | |
| And the answer is no. But the reason that people buy coins in a startup is that the design of the company, in our case anyway, just talking about the interface by WinHub app, If the demand for the product, | |
| the interface app, goes up and people are paying in crypto, Then the demand for it goes up and that in theory supply and demand will cause the value of your coin to go up. | |
| So it's a way to make money if the company makes money but not in an equity way and not as a qualified investment. | |
| So you should think of these as more speculative and you should think of them as something that you would only diversify. | |
| If you wanted to be in the crypto area, don't buy one of them because it's a pretty risky business. | |
| You want to buy a number of them. | |
| And if you want to lower your risk, you want to stick to companies that already have a product out, as we do. | |
| That's all for now. I'm going to keep it short. | |
| Just wanted to let you know that latoken.com, spelled this way, is where on September 1st you'll be able to buy the WEN tokens. | |
| Either just to hold or to use in the product. | |
| And on September 20th you'll be able to trade them for other cryptos. | |
| And that's all for now. |
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