VIDEO LINK:
Matt Nolan and Richard Titus discuss Menlo One in Puerto Rico: https://www.youtube.com/watch?v=QDDMG5oDIaghttps://vgy.me/GNncra.pngPLATFORM FEATURES
Auto-Invest
BackgroundSome of the hottest token sales sell out in minutes. Larger investors with tech teams might buy all the tokens while most people are busy fumbling around copying and pasting contract addresses. Menlo One's Auto-Invest feature lets a retail investor schedule a token purchase days or weeks ahead of a sale. The investors simply sets how many tokens to buy or the amount of money to spend, and Menlo One buys the second the sale goes live.
How it works:
We've architected the "EarlyBird” protocol, which is a decentralized network protocol allowing startups to broadcast their contract address, sale time, and other metadata directly to investors without any intermediaries. In order to use Auto-Invest, startups simply provide anEarlyBird address on their site and Menlo One users add the EarlyBird address to their wallet.Menlo One is always listening for events on the startup’s EarlyBird channel. As soon as token information is published, the user's wallet is ready to make a token purchase.Problem it solvesInvestors often miss token sales because they can't get in early enough. With Auto-Invest, users will never miss a sale or risk mishandling their private key.
PitchboxStartups will do whatever it takes to reach an investor. Right now, they're paying a lot of money into poorly targeted indirect marketing channels such as online ads on Facebook and Google.Investors are a relatively specific audience, which means that much advertising on these channels fails to reach its target audience, wasting marketing budget.We're introducing a feature called Pitchbox. It's literally an inbox of pitches from startups.Potential investors set their contact price, and literally get paid in our Menlo One Tokens to read a pitch from a startup. Of course, investors are not obligated to invest in the token sale oreven reply to the message. But users who have an active record of investment might choose to charge more to read startup pitches.This is a validated user behavior. Many startups we surveyed are already paying to have cold messages read over LinkedIn's InMail feature. Menlo One will also provide analytics on how long investors spent reading a message and which sections they spent the most time on. This hyper-targeted marketing ultimately provides a greater ROI for startups than broad indirect advertising, as it's considerably cheaper with the highest possible resolution feedback analytics.
How it works:
Startups upload their pitch deck, white paper, and other information. They select groups of investors to submit their information to. If the investor opens it and reviews all their materials, then Menlo One Tokens are transferred from the startup to the investor.Problem it solvesInefficiencies in investor lead generation and cost in indirect marketing.
Portfolio ManagerDespite the popularity of the token sale, there is no good way to manage your portfolio of tokens. Users need to be able to view their assets and their market value, even if their tokensare safely in cold storage on a hardware wallet.How it worksMenlo One remembers the values for tokens in your portfolio. If you move your tokens safely toa hardware wallet, Menlo One monitors the values at the address of your hardware wallet evenwhen it's not connected to your machine. Menlo One pulls up-to-the-minute market data aboutyour tokens that you can view anytime, anywhere, on desktop or on mobile.Problem it solvesBeing able to view your assets and their current value anytime you wish is a basic feature ofany financial product, from a stock portfolio to your bank's website. Until Menlo One, there wasno privacy-preserving way to provide this feature for ERC20 tokens.KYC/AML WhitelistBackgroundMany startups need to ask investors for documents to satisfy KYC/AML regulations. Therecurrently is no good way to do this in blockchain. Sometimes startups roll their own solution,which may not satisfy legal requirements, or else choose to forgo investor markets to avoidpotential legal issues.
How it works:
Investors save their government-issued ID and other Personally Identifiable Information (PII) in their Menlo One wallet. We have partnered with a leading vendor for AML background checks, and the investor is screened by our partner. The data is encrypted and stored for when the investor is ready to participate in a token sale. At that time, the encrypted PII is sent to the startup company and stored in memory. The company is provided with an interface to manage the PII and associated ETH address, allowing companies to easily whitelist addresses that comply with applicable regulatory requirements.
Problem it solves:
Users no longer have to upload their ID every time they wish to buy tokens. Startups no longer have to build their own verification system. This clears up legal uncertainties and allows startups to operate in additional markets.
TownhallIt's important for potential investors to engage in a conversation with the team and other investors. Right now ICO participants have no method of exercising due diligence on deal quality. TownHall is an immutable forum in which these conversations can take place, and people are rewarded for valuable contributions.
How it works:
Users make a post to the TownHall. Posting requires a little MET, as does comment. Users can upvote or downvote comments, which also requires some MET. All MET for a given thread goes into a pool to be paid out later. After an amount of time, the most upvoted contributors are rewarded with MET from the pool. All conversations are persisted to the Menlo One Database along with a record of payment in MET for valuable contributions.
Problem it solves:
Potential investors also lack domain expertise to vet investments. TownHall provides a mechanism for domain experts to provide compensated public vetting of investments, allowing retail investors to benefit from domain knowledge they previously could not access. TownHall replaces existing startup-managed solutions, such as Slack or Telegram. These have proven to be bad tools for token sales because they're closed platforms and suffer from security vulnerabilities. TownHall also replaces public forums, such as Reddit. Some Reddit moderators have been accused of accepting payment to censor posts critical of an ICO, or posts or posts from ICOs from competing companies. An immutable forum is critical to ensure that a conversation has not been altered.
https://vgy.me/QVNLu6.pngThe Menlo One Team
Matthew Nolan CEO -
A former senior engineer at JP Morgan & IBM, also Founder of Verona & Co-founder of Speek. Matt has built some of the world's largest online casinos at High5Games. Also a TED resident.
Anthony Martin CTO -
Responsible for enterprise infrastructure development, digital marketing, and app development projects for companies such as Johnson & Johnson, Time Inc. and Kiehls. Co-founded Ultidash.
Marcie Grambeau -
A marketing & communications specialist who previously worked at Ark Advisors.
Rick Bross -
Lead developer for Menlo One. Previously worked as Lead Developer at IPsoft and was a mobile games developer at High5Games, a premier game creator of the casino industry.
Brandon Carlson -
Web Developer with over 14 years experience in the game
AdvisorsMike Hostetler -
Exp. in software engineering, delivered training to several Fortune 500 companies and has participated on the front-lines of several open source communities, including Drupal, jQuery and Node.js.
Elissa Shevinsky -
Prev. Head of product at Brave Browser, and CTO of Glimpse. She is well versed in cybersecurity and privacy policies.
Rick Dudley -
Founder of VulcanizeDB. Blockchain Architect at Omega One, OmiseGO, ConsenSys, and several other notable blockchain startups.
Richard Titus -
Has advised numerous successful ICO's including: ADEX, HIVE - PROJECT, PILLAR, PO.ET, and OMEGA ONE - raising +$200m in funding in 2017.
Jake Koval aka KoreanJew -
Recognised educator within the cryptosphere. Founded the Dojo - a popular and highly influential online crypto-community.
Marissa Kim -
Represented Fortune 500 companies in all aspects of public and private company transactional practice. Also a partner at Ark Advisors.
PartnershipsArk Advisors - Experts in ICOs. They’ve helped dozens of ICOs launch and have extensive experience and knowledge in the space.
DAOStack -
DAO stack make innovative software for creating and organizing decentralized autonomous communities which is being utilised for the Menlo One Guild feature.
Omega One -
Partnered to solve issues around liquidity and transactions.
More partnership announcements coming very soon...
