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June 26, 2017, 03:37:22 PM |
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Hey everyone,
I may be a new poster here, but I have been lurking the forums for a long time. The reason for my posting is because a new opportunity has presented itself recently, so I am looking to assemble a team to help make it a reality. I figured this was the best place to find like-minded passionate crypto enthusiasts.
Quick introduction about me: I am a marketing and biz dev consultant based in Asia. Recently, one of our longtime clients, who represents a number of gambling and content operators in Asia, approached me looking for a payment solution to plug into these websites. Due to certain jurisdiction issues and legalities, these website operators are not able to accept credit card payments and often have to accept wire transfers under pseudo accounts. This is a dangerous practice for both parties, because it risks the bank accounts to be closed and funds frozen. Even so, these operators have been operating for over 5 years now and handle millions of dollars in deposits.
The client is looking for a solution that will help these operators receive payment and also credit payment when the user decides to withdraw. Rather than me recomending one of the myriad coins out there with privacy focus in mind (DASH, PIVX, etc), I figure this would be a great opportunity for a new coin in the space that targets mainly these underground operators in Asia. Through my network, I will be able to reach out to them directly and offer this solution.
As many of you know, one of the hardest to accomplish for a new coin is to penetrate the market and increase the usage. I believe there is a big opportunity here because the demand side is something I can bring to the table, with instant usage of the coin as soon as we can launch.
Whether we decide to pre-mine or hold an ICO over these coins it is not very relevant, because there are various revenue channels on top of the coins appreciating in value. We can generate additional revenue by
1. Setting up an OTC market to sell coins to the users who are looking to buy these coins to deposit on the gambling sites. Transaction fees can be charged to the end-user here both ways (deposit and withdrawal to their FIAT bank account).
2. Creating an online payment solution offered to the operators, where we also charge a transaction fee for every transaction processed on the websites. Again, this is in the millions of dollars processed. I'd rather not post the actual numbers in public, but it is a large amount.
So I hope to assemble a team here so that we can profit from this opportunity together. I have an opportunity to create a coin that will have actual usage from day one, so I hope serious applicants send me a PM if you are interested. If you are an experienced blockchain developer looking for a new opportunity, feel free to reach out to me and we can talk further.
Thank you!
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