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User
Think of this like kickstarter for apps. You incentivize builders to create apps by voting with your tokens.
Most big tech companies treat you as the product. They advertise to you, and design things to get you spending money. We imagine a world where products are created for you.
Most big tech companies get about $5 / month / user in advertising revenue. Think how much damage to society this does compared to a $5 fee.
If you want a digital product not based on ads, join our revolution by becoming a member for $5 / month. Let’s build the internet we deserve.
Builder
You probably work in IT. Maybe you are frustrated with the industry. I’m going to share the problem, and how we are solving it.
Music royalties are paid to artists every time a song is played. They don’t get paid once for creating something digital. Software engineers are paid once, and value goes to corporations forever. Think about how messed up this is for a second. We are literally coding our jobs away.
We are changing this. Our goal is to be like Uber/Airbnb for software. We plan to be the biggest tech company, with no full time engineers. Instead similar to how open source lets people collabortate, we do the same. But, it’s not free for people/businesses to use. We are a platform that collects the revenues and shares it with the creators.
When you build on our platform, you get paid forever based on your contribution and people using your stuff.
This can be building apps for businesses, or building apps for users.
Look in Apps to see things to help out with and in Wallet to see how Gems/Diamonds are used to distribute revenues.
Business
Let’s be real for a second. You want software that works. You want software that is easy to use. And you want it built fast and cheap. You want software, not software engineers.
You’ve probably tried hiring engineers and a tech org only to be frustrated. Maybe you tried buying things and realized they don’t fit your business correctly.
We are changing this.
Here is how it works. Share the ideas or feature improvements you want for your business. Our community will build it for you. Because it’s on our platform, quality is enforced, and engineers are quick by using our pluggable architecture tooling.
Or you can share our platform with your engineers, and they can have our community build tasks they don’t have time to do, or tasks that don’t require thier domain expertise.
“Business Apps” are pre-built for common problems facing your industry.
Because we don’t have a management layer, and we pass on the revenue to our builders, we keep software costs extremely low.
This means you get the best software for your business at a fraction of the cost of traditional software.
Sales
You get 30% of all revenue generated from any business or person you refer during their first year.
You get 20% their second year.
You get 10% forever after that.
It’s a pretty simple comp plan. You can earn a lot of money if you are good at sales. If you are an engineer, you can earn money sharing our platform with your company, clients, or friends.
Any business you sign up. We’ll move mountains to help them succeed. This way we can earn your trust, and help you grow your reputation with your network.
Let’s go.
Investors
Want to make a solid return on your investment? We can help you. This is a different way of raising capital, designed to reward early stage investors.
Instead of raising a large fund from VCs at once, giving away 20-30% of the company at one valuation. We are raising 5 rounds starting at $100k and doubling each round. If you invest in the first round, and we reach our current target of 5 rounds, you’ll earn 16x your investment. Each round is for about 5% of the company.
We intend to comply with QSBS rules. QSBS is a tax benefit for early stage investors, your profits on this investment may be tax free.
We are able to do raise in multiple rounds because of two reasons.
The founder has skin in the game and a long runway. Eric is investing his own money in the company. This is enough to launch without any outside investment. He saved enough to spend 3 years full time on this venture without any income. His salary will be based on the growth and health of the company.
FTToken Inc is extremely capital efficient. As we hit milestones and grow our community, our value increases.
Most startups largest expense is sales and engineering. FTToken sales gets paid 100% commission for revenue they generate. Engineers get paid royalties for what they build. This means our expenses are paid post-revenue and not up-front.
Similar to Airbnb or Uber, who have low assets. We have no engineers or sales as direct employees.
Because we split revenues any potential downturn would automatically reduce our expenses. The revenue split helps ensure profitability.
Our use of capital raised will be to grow the business by increasing the community and bootstrapping the initial platform and apps.
Please see the investor page for more information.