Rich James
London, LND (UK)
Role(s):
Founder/Owner/Principal
ChitChain
Find More Startups
Startup
Location:
London
Industry:
Technology/Web
Year Founded:
2018
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Limited Partnership
Description:
OUR COMPANY
We are a tech consortium (with our Ltd acting as lead partner) formed to R&D radically-new decentralised tech as part of the EU H2020 programme, whilst also pursuing private funding. Our partners include some of the best domain experts and research institutes in their fields, as well as high-level large enterprises, including the world's #2 payments bureau.
FUNDING STRATEGY
We plan to take our tech to IEO in around 3 months (as all materials and research are in place, as well as core TRL 5 tech in back end testing), and are looking for early supporters. As we are very well connected with global/Asian exchanges we can get our token listed fast and relatively inexpensively: we are looking to raise USD$100,000 to get us listed and take us to IEO, which will net around USD$3.5MM (based on aggregate raises of the last 10 IEOs our partners were involved in).
THE OPPORTUNITY
We are offering 25% of the value of any investment in our token (at opening IEO price) as well as a 100% ROI in 6-8 months (this excludes any gains made on our token, which we conservatively predict will be 150% in 12 months) with the opportunity to reinvest in later rounds.