New DAO in Africa rising

[kiwi66]

Cajutel has just announced it will go full cryptocoin for its funding. Its a long term project with long term real growth and value. Infrastructure is not vaporware and thus not fiat for once. At the same time it transforms a continent. So for those who don't just play with cryptocoins but want to invest into real long term values, it might be a good idea to take a closer look.

What you think?

[mrcash02]

There is not enough information to have a concrete opinion about that.

No names, no addresses, no pictures, no portfolios...

If it's not a solid project no one will have interest investing on it.

[josephdd1]

As mrcash02 say,none will touch this if have his mind in his head.
This looks like a scam Thread already...A newbie asking what do we think for an "empty wanna be" project...

[kiwi66]

As mrcash02 say,none will touch this if have his mind in his head.
This looks like a scam Thread already...A newbie asking what do we think for an "empty wanna be" project...

This is not a wanabe project. There's 30 years of experience behind it. Done it before (just not as token)
You gotta read the full bizplan of course to understand. Its here:

http://www.cajutel.gw/investor/

And this is the guy beind it (me): https://www.linkedin.com/in/afink

[audaciousbeing]

Cajutel has just announced it will go full cryptocoin for its funding. Its a long term project with long term real growth and value. Infrastructure is not vaporware and thus not fiat for once. At the same time it transforms a continent. So for those who don't just play with cryptocoins but want to invest into real long term values, it might be a good idea to take a closer look.

What you think?

If the business is serious about raising fund in the crypto-world, then it should do it the right way by giving enough information on the project and how he intends to pull it off couple with the returns that will accrue to investors. Pasting something like this and expecting people in the crypto community to just pump their money is a form calling us people who don't think and crypto world is a place to get free money with less effort.

[kiwi66]

Cajutel has just announced it will go full cryptocoin for its funding. Its a long term project with long term real growth and value. Infrastructure is not vaporware and thus not fiat for once. At the same time it transforms a continent. So for those who don't just play with cryptocoins but want to invest into real long term values, it might be a good idea to take a closer look.

What you think?

If the business is serious about raising fund in the crypto-world, then it should do it the right way by giving enough information on the project and how he intends to pull it off couple with the returns that will accrue to investors. Pasting something like this and expecting people in the crypto community to just pump their money is a form calling us people who don't think and crypto world is a place to get free money with less effort.

Detailed enough: https://www.cajutel.gw/investor/cajutel-business-plan-1.6-financials.xls ?

[mrcash02]

Noticed the "Investors" tab now with more details...

You say you want CryptoCoins to fully cover your budget with this project, which Crypto Currency are you talking about, Bitcoin or a currency you will develop specially for this purpose? What is your experience in Crypto-Currency world?

Indeed, there are more details about the project on your documents. You need 30 Million dollars, right? I think it's too much money to get here from Crypto investors... Without guarantees it's near to impossible. Do you have any guarantee, collateral?

[kiwi66]

Noticed the "Investors" tab now with more details...

You say you want CryptoCoins to fully cover your budget with this project, which Crypto Currency are you talking about, Bitcoin or a currency you will develop specially for this purpose?

Well as a DAO, we would have to create our own token attached to ETH via smart contracts. To make sure owners get their voting rights as shareholders do in traditionally managed companies. We have hired some experts to write us the smart contracts. Even though Im a very good programmer, I have no experience in Solitity and this is something which we have to absolutely get right. Tools like aragon.one are very good and I would love to use them but they won't be ready in time.

What is your experience in Crypto-Currency world?

As owner of datacell.com I did host a lot of crypto miners. I had one customer mining BTC with 3 megawatts. That's why I understand the mining business quite well, even though I never took the risk of mining myself because I saw small fluctuations can move you out of business too easy. Other than that I use BTC as a normal currency to pay for services and to get paid from certain customers.

My focus is more on sustainable business long term. Infrastructure is what I did the last 30 years from starting up an ISP in the very very early days of the Internet over building mobile networks and products around SMS.

The project Cajutel has been well thought through and it indeed takes a lot of money but for good reasons. In any other country you can just go rent fiber from the national telco. In this case, the national telco has 5000 phone lines for the whole country and not a single fiber. The mobile operators have all the subscribers but absolutely no capacity on their totally outdated 2G network and no fiber neither. So you have to build everything from scratch no matter what. Same goes with electricity. If you want to provide a solid service you can't count on the existing power grid. You need battery backup everywhere. Now add solar panels to charge and you can skip the powergrid (which would use fossil fuel to generate your energy). So the situation is really you need to put down more money than in other places but in return you have much lower operating costs at the end as you don't need to pay 3rd parties to rent fiber and to produce electricity. In contrary you can sell your ownc capacity to others. If you look at the figures, we are profitable very quickly and the return of investment is around 3 years.

Guarantees: There are no guarantees in an Investment case. If I would have collateral , I could walk into any bank and just borrow. So the risk is always there. Assuming we build the thing and we screw up, then the company goes bankrupt and all assets get sold to the next telco. This means that if worst comes to worst, there is still value to recover. This is mostly not the case with the typical silicon valley startups who just have an idea to become the next facebook. They might become the next myspace instead and dissapear and you get no assets to recover as the investment went into building software which then becomes useless. This is not the case here. We don't develop a crazy new idea. We use existing know how and existing products and put them to work in a almost virgin market (bery rare to find these days).

Personally I would put 30M of my own money into this, but unfortunately my personal resources have been used up in a court case in Iceland (Datacell vs Valitor in regards to donations to Wikileaks). One day I will get the estimated damages there of around 1 billion ISK but this will take years to go through the courts even though we have won every single one so far. And I think this project should not wait on this.

To summarize: yes there are risk but much less than with pure fiat as there are real assets. Also there are dividends being paid to the shareholders so the investor profits as with any traditional stock. Whats different here is we skip the banks and the greedy VC's. And as a pure investment case (crypto funded or not) the figures speak for themselves. It is profitable even with only 1% market share. Having seen the mobile operators go from zero subscribers in 2004 to 70% of the population today, you can easily guess what happens in 10 yesrs with internet access. Never the less we count on less than %5 and are very profitable with that. Sinoly because youre the first to bring them really usable  internet.

[mrcash02]

Seems interesting for me. I understand you want to start everything from zero being autonomous, not depending any third-party service to supply you, that is a good point. The solar energy idea is good too. But couldn't the government of these countries start extorting you, or forbidding you to use Crypto-Currency to fund a project on their countries?

Also, 30 million dollars is a lot of money, if you start your ICO, some people invest, but you don't reach the goal, what will happen?

I will keep following this thread to see people posting their thoughts about it too.

[kiwi66]

Seems interesting for me. I understand you want to start everything from zero being autonomous, not depending any third-party service to supply you, that is a good point. The solar energy idea is good too. But couldn't the government of these countries start extorting you, or forbidding you to use Crypto-Currency to fund a project on their countries?

The country is publicly inviting investors to come and help them build up the country. So its in any case foreign currency. If its bitcoin or ether or dollars or euro doesn't really matter. And in any case when we start building, we will have to swap it against traditional forms of money to pay suppliers and contractors.

Also, 30 million dollars is a lot of money, if you start your ICO, some people invest, but you don't reach the goal, what will happen?

We can start the small version of the project with less money. We simply build slower and also get less customers. The first phase is around 12M$. With 30M$ we can extend to Guinea and build faster and get more customers quicker. So if we reach the first goal, we can start working even if we don't reach the rest yet (or ever). Just less shares would be issued. If we don't reach the minimum, everything is returned. Thats the beauty of smart contracts.

I will keep following this thread to see people posting their thoughts about it too.

I welcome any questions.

[kiwi66]

FYI: We have added a slack channel for discussions about this project.
Drop me a message with an email address in it and I send you an invite to cajutel.slack.com.

We prepare the final documents including the exact terms. We're targeting to go live in less than 10 days now. Just making sure the last few details are all correct.


Andreas Fink
CEO & Founder of Cajutel

[kiwi66]

Some questions which we got asked

    "how long this investment ICO is going to last".

The answer is difficult to say as it depends on the potential buyers, not us.
We are in the final steps to define the exact structure and times. And then it
will depends on the investors on how soon they will grab it.
We have a basic phase to cover the minimum project in Guinea-Bissau and an
extended phase to allow the extension into the next country Guinea. Having
seen ICO's like Brave (15 seconds) and Aragon (15 minutes) it could be very fast.
What I can say is that we have a few big investors who have shown serious
interest in the businessplan. ICOrating is currently in the process of analyzing
our businessplan in detail and give it a rating. We basically await their
report before announcing the exact start date. And then we hope it goes smooth
and quick.

What sets us apart from other ICO's is that we are not selling vaporware.
We don't just have an idea and nobody will know if this idea really works
in business. We have a plan to execute something which has been done by many
others in many other countries successfully. The money collected from the ICO
turns into assets of the company. So its not lost if the idea didn't work as
with "vaporware". The reality is that the businessplan shows substantial
revenues on the long run. Infrastructure projects are capital heavy but they
also give the best returns over the years. You can take our figures and compare
them with other figures from other wireless ISP's or mobile operators and you
will see that even with a 3% market share we can survive easily. And this in
a market where there is basically no competition. So we could (and probably will)
achieve a lot more that what our pessimistic businessplan predicts.


Question:
     "I want to start this in India, please guide."

The answer is not so simple. First of all our business case can not be
transplanted to India because the market situation is very very different.

1. In India you have many mobile operators who dominate the market, who have
   a lot of money in their pocket.
2. their service is not bad. In every decent city you get a 3G or even a 4G
   signal and you can surf the internet easily at reasonable speeds (if the
   prices are reasonable I can't tell but I don't think they are heavily
   overpriced).
3. Acquiring a license in India will cost you a lot of millions and I don't
   know if there is even spectrum available.
4. Due to the big population in India, the capital required would be much much
   higher.

What is really special about Guinea-Bissau and Guinea is the fact that it is a
somehow forgotten market. There are mobile operators there but they only think
of voice. Their infrastructure is 2G only and the speeds on it are 100kbits sec.
And you can use this at 65$ a month which is like half a salary for some folks.
Today you can do nothing with 100kpbs. You can not use youtube to watch videos
even in the lowest quality. You can barely make a skype voice call. I recently
read that with all the fancy stuff which is done on webpages today, the average
webpage is 2MB big. at 100kbit = 12.5kByte/sec, this takes 160 seconds to load.
Can you imagine waiting 3 minutes for a webpage to load these days? So whats
there is really unusable and thats why people dont bother using it. Now we
bring at least 5Mbit per customer into the country. That means watching full HD
videos becomes a snap. And this for only 40$. This changes the world for them.
And we calculated over time we can even go as low as 9$/month and we would still
be profitable. This means if competition raises in a year or two, we can fight
them on the price while they have the expense of paying off their infrastructure
first.

So to summarize: the biz in Africa is so good because its a untouched market and
their situation is what we had 25 years ago in Switzerland when I started my
first ISP. The technology however has advanced a lot in the meantime making a
lot easier than back then.

[Febo]

Country infrastructure should be owned by country and be rented to business owners. And not by group of people that never even heard of Guinea-Bissau.
Roads, railroads, electricity, internet, ...

[kiwi66]

Country infrastructure should be owned by country and be rented to business owners. And not by group of people that never even heard of Guinea-Bissau.
Roads, railroads, electricity, internet, ...

In the case of roads, it doesn't make sense to have 2 competing companies building roads and making money out of it. Simply because there is not the space for it. There it makes sense for the state to finance it and own it. In the case of Internet, I have not seen a single country on this planet where Internet service is in the hands of the government (with the exception maybe of a few totalitarian states). In most countries it's in the hands of a few financially powerful giants like Vodafone's, Orange's, MTN's etc and they compete against each other heavily. Telecommunications services is not a limited resource and the more competition there is, the better for the user as he gets lower prices and can choose the best service for him. Our plan is to start this competition with our project as the other two do not serve the country well today.

And if you have never heard of Guinea-Bissau, check out Wikipedia. Google for Bijagos. It's a beautiful place to be. If you like it or not, and at the end of the day, you should invest in what you believe in.

[dc81]

Reserved. Good luck with the project. Sounds promising. Good luck in Africa.

[kiwi66]

For your information

     https://www.cajutel.gw

has been updated with lots of additional information.
We hope to announce the details of the ICO price and
dates early next week and we plan to start within a
couple of days.

Sign up on the bottom of the page to get invited to our slack
and also get direct announcement when the ICO starts.

[uichain]

waiting the Ann thread update,good luck,dev

[kiwi66]

Some questions have been asked:

Question: How long will it take roughly too step up this infrastructure

Answer:  The Infrastructure is built up in a continuous phase. The first customers can be online in about 3-4 months when we connect Bissau to the sea fiber in Banjul (approx 250km away). this means we need to set up 4-5 radio towers (lateron fiber) to interconnect and plug into the highspeed connection. After that, it starts gradually expanding and the number of potential and real customers grow. The company starts to be profitable within less than a year and the return of investment is expected in less than 4 years (see exact details in excel spreadsheet of business plan).

Question:  How much is the initial starting  price of the coin

Answer: The exact coin distribution will be announced next week. The price per share will be around between 0.1 to 0.2 ether depending on the phase you get in. Every coin will represent a share in the company and is entitled to the dividend the company pays once its profitable.

[kiwi66]

Question: How those who invest will benefit from the project?

Answer:  As with any shareholding into a company you profit in two ways

a) the value of the share on the stock market raises and you can sell it later at a potentially higher price (speculation)
b) the share entitles you to a dividend once a year which is paid out of the earnings of the company.
c) you can participate in the shareholder decisions by voting on to important issues on where the company should go

In contrary to small companies issuing stock, your stock in a ICO is immediately tradeable and you don't have to wait a time consuming and expensive initial public offering (IPO) to sell your shares should you wish to do so.

This is not specific to Cajutel but all ICO's who issue shares in the form of tokens (DAO's)

[kiwi66]

Here's the official announceent

https://bitcointalk.org/index.php?topic=2091517.0


More info with exact terms & conditions to appear in a couple of hours on https://cajutel.io/