CryptoIndexSeries

Progress records

Stage of your startup

Prototype

When did you start

July 2018

City

Ankara, Turkey

Definition in 1 sentence

CryptoIndexSeries is an AI-Powered Digital Analysis and Trading Platform providing aggregated crypto market data, news and trading tools

Elevator pitch

Our mission is to provide investors with digital tools & institutional-grade market data (live pricing feeds) for a complete picture of the crypto markets. CryptoIndexSeries supply customers with advanced functionality, analytics & exclusive content such as proprietary crypto asset taxonomy

Are you incorporated?

Yes

Business model

Describe the problem you are solving

The cryptocoin projects, even if they aim to serve the same target group cannot be compared easily by the current tools. This causes an inefficient and insufficient performance benchmarking & portfolio analysis which prevents proper evaluation of coins and leads to sub-optimal investment decisions.
In short, crypto investors currently lack a consolidated tool that brings together key content (pricing, news, taxonomy) with sufficient functionality to monitor, analyse and manage their holdings.

How are your customers solving that problem today?

Investors need to find & read/analyse individual crypto whitepapers from Crypto sites, news from News sources and financial data from Crypto Exchanges or data providers. After doing their research, they need to interpret & classify their findings which can take weeks if not months of effort if they look to repeat the process for hundreds of Crypto assets. This process is very cumbersome and in most cases the decisions are made based on incomplete and incomprehensive research at the moment.

Target custormers - Define customers, who are they

How do you plan to acquire customers?

We will have 3 type of customers:
1. (Freemium) End users : Through digital Marketing
2. (Integration Model) Crypto Exchanges : Direct Sales
3. (API) Market Data Providers: Direct Sales

Additionally, we carry out monthly community building activities and talk almost at every Blockchain-related event in Turkey. We have contacts at market data providers such as Thomson Reuters, however, in order to increase exposure internationally, support from an investor's network would be beneficial.

What is your revenue model or expected revenue model?

- We look to setup a Subscription and a Freemium Model for End users as well as (Crypto Fund) investment firms. (Exp Income $20 - $40 per user per month)
- We will provide our tools to Crypto Exchanges which will bring in Monthly Integration Fee. (Exp Income $1000 - $5000 per license/month)
- API Service for Insititutional-Grade Market Data Feed will be provided to Financial Data & Analytics Providers (who will also act as Channel Re-sellers) (Exp Income $2000 - 5000 per license/month)

Market info

What is your target market?

End Users: 28 million wallet owners (Dec 2018, statista.com)
Exchanges : 228+ exchanges excluding local exchanges (Jan 2019 , CoinMarketCap.com)
Crypto Hedge Funds: 167+ (Dec 2017, statista.com)
Market Data Providers such as Refinitiv (previously named as Thomson Reuters)

What is your total available market size

$ 0

What steps have you taken to validate the market?

We are small investors of the crypto assets. We used many of the currently available tools and services including 10+ exchanges, financial analysis tools (such as tradeview), read 130+ whitepapers and noticed that investors currently lack tools to evaluate Crypto Market Data from different perspectives. We validated our results with many crypto investors at the events we participated including Crypto Valley Conference in Switzerland, Blockchain Hackathon in Spain, Blockchain Turkey Summit, etc.

Do you have competitors? Please write down the names

Brave New Coin

https://bravenewcoin.com

Nomics

https://nomics.com

Coinigy

https://coinigy.com

Competition: write down competitors and explain

Who are your competitors and how are you different?

Brave New Coin, Coinigy and Nomics are three main competitors. Each have Crypto Market Data, however, limited to price points and tradebook. CryptoIndexSeries will also create&provide additional proprietary Taxonomy data such as sector/sub-sector type, asset type as well as potential co-relations between news and price drops&increases,etc. Additionally, CryptoIndexSeries will provide sector-based price indices to facilitate benchmarking among similar crypto assets.

Traction / KPIs

What progress have you made in the last six months?

- Hired an AI developer and a Marketing Specialist.
- Completed the back-end of the product. We are currently integrating exchanges to increase our financial data set.
- We performed data mining in order to collect crypto asset-related data&documents from all over the web.
- We finalised sectoral classification of crytpos.
- We hold monthly meet-ups with Blockchain enthusiasts to build reputation in the field.

How many customers/users do you currently have?

The product is not released yet.

What is your monthly growth rate?

Expected 3 year Growth - 1st year after release: 200 individual users and 5 exchanges (Exp. revenue: $80K) 2nd year after release: 1000 individual users, 20 exchanges, 5 market data providers (Exp. revenue: $720K) 3rd year after release: 5000 individual users, 50 exchanges, 20 market data providers (Exp. revenue: $2.6M)

Describe traction

Finance

How much runway do you have left(Month)?

How is equity divided?

Co-Founder

Gökçe Phillips

[email protected]

Co-Founder

Richard Phillips

[email protected]

How much money raised since start?

$ 60,000

Revenue lifetime

$ 0

Last months revenue

$ 0

Investment round

Target fund to raise

$ 300,000

Equity on offer

% 15

Number of employees

Other info Write bullet points (Grants, prizes, acceleration)

Add more comments

Owner member

Yes

Member role

Co-founder

Name surname

Gökçe Phillips

Title

CEO

Education

Doctorate Degree

School name

University of York

Birthdate

07 March 1980

City

Ankara, Turkey

Short Bio

PhD in Software Eng, University of York, UK
11 years of experience @ Thomson Reuters, Maersk, Masdar, Kuehne Nagel
5 years of experience in Process/Software Optimisation and Automation
Expert in Project Man. & Community Building
Lived in Bern, Geneva, London, York (UK), Hamilton (NZ), Dubai

Meeting story with Cofounders

We met in 2003 when we were both working for Thomson Reuters (at the time the company was called Reuters).

Working together time

I've known Richard since 2003 and married since 2009 ( and have 2 kids, Ela and Sophie).

Owner member

Member role

Co-founder

Name surname

Richard Phillips

Title

CTO

Education

Bachelor Degree

School name

University of Exeter

Birthdate

06 October 1981

City

Ankara, Turkey

Short Bio

BSc in Mathematics, Exeter University UK
12 years of experience @ Thomson Reuters as a Data Specialist Team Manager, Financial Products Manager, managed teams in Geneva, Manila, London&Gdynia
8 years of experience in Software Project Imp. and Man.
Expert in Financial Products and Stock Market

Owner member

Member role

Employee

Name surname

Ozan Köse

Title

Head of AI

Short Bio

BSc in Computer Science, Bilkent University
3 years of Hard-core programming experience
Following an MSc in AI Clustering Techniques and an Expert in AI

Owner member

Member role

Employee

Name surname

Ibrahim Kiçeci

Title

Head of Marketing

Short Bio

BSc in Economics, Gazi University
Founder and Chief Editor in Teknoflasyon
Following an MSc in Economics and Expert in Digital Marketing