Stage of your startup
When did you start
Definition in 1 sentence
CryptoIndexSeries is an AI-Powered Digital Analysis and Trading Platform providing aggregated crypto market data, news and trading tools
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?
Financial & payment services, Bitcoin & cryptocurrencies, Ai
How do customers use or interact with your product?
Desktop, Mobile/Tablet (iOS), Mobile/Tablet (Android), API
Product Demo Video Adress
Why do you want to attend this program?
Crypto Markets will focus on Vertical Industries & the circulation of Crypto assets in Micro Economies once the Crypto Projects are completed. We seek Seed Funding in order to be on the market on time & feed existing platforms with intelligent data when this shift happens.
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)
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
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
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.
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)