CISAPP Online

Blockchain based Social Network focused on privacy
  • Sector Social Network, Blockchain
  • Country India
  • Founding date October 2018
  • Stage Users
Current social media platforms are designed to use their users as their business model. User's content, data, and attention are all incredibly valuable things.
We at CIS are building a blockchain-based Social Network, a one-stop platform which is more transparent for the world, where the value of good content gets circulated right back into sustaining the community, not corporate bottom lines.

General

Sector
Social Network, Blockchain
Category
Software
Product usage or interact
Mobile/Tablet (Android), Mobile/Tablet (iOS))

Business

Target customer
18 - 40 years, 1.8 Billion.
Customer acquisition strategy
Advertising through memes, Student network, ADS Campaigns, Events.
Revenue model
1.Commission-based- We charge a 30% commission in monthly revenues of content creators.
2. Freemium Model - $7/Yearly - For extra benefits.

Market info

Market size
$270,000,000,000
Competitors
Competitor name
Competitor website
Facebook
Competition
Facebook as the parent company, and its other companies Whats app and Instagram are our first competitors. Beechat and Social chains in blockchain space.
We are Decentralized, peer to peer, distributed network, private and public spaces in one app, one-stop platform to build all connections and features in one app rather than using many apps, safe and secure; No fake Id's can be created, no fake information, segregate people based on family, friends, work and add them into accounts.
Startup traction
There are 2 stages of our product development:
1. SAP
2. BLOCK

After we have completed the SAP building we have registered around 20k users in the initial testing phase only in android i.e specific targeted region in India.

We also started testing revenues - Now generating revenues too.

KPI/ Traction:
Registered User :22,300
Total requests : 19,202
Total Connection :12,272
Total Feed :14,348
Average Time spent in Mins:19
Monthly active users : 9,800
Daily Active Users : 4,900

Total early investment
$250,000
Shareholder structure
Owner type
Name
Equity
Bhargav Verma
Co-Founder
% 35
Imran
Founder
% 65
Investment round
Angel Investment
Investment amount
$250,000
Equity on offer
% 17.0

Team

Imran Palem  - India
Vegesna Bhargav Varma  - India
Total team member
10
Comment
Advisors - Brad Jenkins and Austin Hills from Seed Round Capital. For more details contact at [email protected]
Last update: 10.09.2020