Our goal is to provide crowdfunding for all, from a small business in Japan to a 20-year-old in Taiwan who has a brilliant idea that can change the world, in both cases the lack of adequate funding impedes them to thrive and realize all their potential.
Though crowdfunding on its own will not solve all the issues along the way an entrepreneur or company can face, additional funding could be needed and investors as well should have a mechanism that allows them to securely invest and de-invest whenever required.
All of these can be easily done, through the Cardano's blockchain native multi token capabilities, facilitating the mechanisms for Tokenization of businesses by minting their Digital Assets in the Cardano blockchain, enabling funding and liquidity for both the company and the investors.
For all these to happen, we are developing and providing a platform as a service, in which companies can strategize, create, manage and sell their tokens. And for small and big investors the functionality to browse through lots of innovative ideas and choose to invest whatever amount of money they choose by purchasing their tokens.
Link to our Whitepaper:
https://drive.google.com/file/d/1UISVos_ZoCCCtyLjkZ9KgOouII8IhM-Y/view
Token Allies was funded in F7 in “Grow LATAM, Grow Cardano challenge and we are currently developing our first MVP( <https://cardano.ideascale.com/c/idea/382611> ), with an estimated delivery date in June 2022, which is a perfect timing for this continuation proposal that is focusing on the adoption and operation of our platform by targeting Asian investors.
Through different analysis, such as (<https://forum.cardano.org/t/number-of-ada-per-vote-funded-ones-catalyst2-7-list/95451>)
We realized that a big part of Catalyst voting power comes from East Asia and that reflects that there is a lot of investors´ interest in the crypto space. So we think it's a good idea to jumpstart our platform by targeting investors in that region. Achieving at the same time the goal of reaching out to people outside our ecosystem.
Our plan is to work together with the East Asia Community (Eastern Townhall, Swarm, Cardano Japanese Community and others) to articulate our value proposition to people in their communities and reach. Then we will produce promoted and targeted onboarding sessions for East Asian investors to increase our user base and platform adoption.
“East Asia is fertile ground for the adoption of Cardano. The return on intention (ROI) is likely to be high because projects in young and developing economies face less economic inertia”
Our Target is to onboard specifically East Asian Investors, not necessarily only current investors in the crypto space, bringing a new wave of conventional investors to Cardano.
Giving traditional investors the chance to get into the crypto space via our easy to understand, unique tokenization mechanism, will serve as a stepping stone in attracting them to Cardano indirectly, increasing our blockchain value and usage. If we succeed we will be impacting the following challenge KPIs
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Did we increase the participation of the Cardano community and Catalyst teams with East Asian residents?
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Was there an increase in Daily/Monthly Active Wallets (DAW/MAW) as a proxy measure of momentum and engagement
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What is the novelty and appropriateness of solutions?
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Are we on track to improve the lives of people using Cardano in East Asia?
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What is the sustainability of proposals beyond the scope of Catalyst?
We also align with the requirement that the proposal has to originate or focus on East Asia and include east Asian team members or focus on East Asian participants.
Challenge #1 - Reaching a good number of investors in East Asia. In order to deal with this challenge we will be working with communities and influencers of the region that will help us localize our message, to better fit East Asian investors needs. Our onboarding sessions will be promoted and facilitated in a way to reach out to proper investors.
Challenge #2 - Driving Interest to the existing offerings in our platform.
Our process to onboard companies that wants to tokenize their businesses or products will be focusing in what an East Asian Investor will find of interest, seeking to produce a win-win situation to all parties