AlgoBlocks

AlgoBlocks

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MAKING DEFI
WORK FOR YOU
Discover, invest and automate DeFi Investments in one place. Optimize your DeFi portfolio easily and seamlessly.
To be announced
Details token
Ticker
ALGOBLK
aanvullende details
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Platform

Over AlgoBlocks

 

In recent years distributed ledger technologies have led to a blooming DeFi space and increased disruption of the traditional financial institutions. Part of this disruption is through an increased interest rate of a considerable higher return on the invested virtual assets either through innovations that can only exist within the blockchain realm, such as staking or yield farming or high interest lending to a trustless 3rd party.

The DeFi ecosystem has grown rapidly and the market is still growing at a monstrous pace of over 9% per year. In other words, users are spoilt for choices and it would be very challenging for them to even know about your product.

67.0% Bounce Rate - The rate in which users leave your site after the first page. This implies that they scan, dont interact and promptly leave. 2/3 users leave the site immediately because they dont find the DeFi app relevant to them. It is extremely difficult to engage users in DeFi.

Based on our research and discovery, we found that even simple tasks like bridging and staking are intimidating for most crypto users. Currently, most of the products are trying to remove this friction in the DeFi experience through aggregation. Aggregating multiple DeFi products or services doesn't lower the entry barrier or eliminate the need to have the technical knowledge to know how to use them.

Algoblocks envisions a personalized DeFi platform where users can access numerous DeFi protocols in one place and have curated recommendations to discover, invest and manage their DeFi products. DeFi actions that were cumbersome and complex would all be streamlined for the user so that the focus for the user would be on discovering and using great DeFi products.

The DeFi market has grown exponentially over the years but there is significant potential for the market to grow even further in the next 5 years. Even though the DeFi space offers a universe of different products or services, we observed a low number of users compared to the total number of blockchain users. For example, if we compare the number of users active on the centralized crypto exchanges such as CoinBase or Binance, the numbers are well beyond 50 Million active users; however, the numbers dwell in comparison to around 3 Million users within the DeFi space. According to Graysscale, a leading Digital Assets Fund manager, DeFi can grow 100x within 5 years.

 

 

 

% naam% Roadmap

  • Q3 2021

  • Building Core Team
    Initial Ideation & Design
    Design Review and Validation
    Initial MVP Design Demo
    Completion of MVP Demo
  • Q4 2021

  • Build core marketing team
    Token Generation Event (Postponed to Q1 2022)
    Develop Smart Contracts
    Scale Community to over 30K+
    Plan Strategic Partners
  • Q1 2022

  • Token Generation Event
    Extend chain scope to include for more chain extensions
    Community Feedback and Development Refactoring
    Security Audit for AlgoBlocks Platform
    List on Exchanges (MEXC, Bitmart and PancakeSwap)
    Anchor Partnerships
  • Q2 2022

  • Team and resource planning for H2 2022 and beyond
    MVP Design Iterations / Revisions
    Recruiting and finalising core team
    Community Engagement and Augmentation
  • Lees verder
  • Q3 2022

  • Core Technical Team
    MVP Launch
    Measured Launch by Features - for PMF
    Exploring more technical partnerships and capital raise
  • Q4 2022

  • Release all planned features of MVP
    Market testing of features
    Review and Refinement of Features through mini-releases
    External marketing and brand equity building
    Start equity fund raise
  • Q1 2023

  • Expand the Team
    Explore UpListing Options
    Equity Fund Raise Target Completion
    Scale community back to sub 100K numbers
    Concentrate on core revenue growth drivers
  • Q2 2023

  • Finalize Team Hiring
    Community feedback & Development Refactoring
    Revenue Model Refinement
    List on Exchanges (Binance, Gate.io, Kucoin)
    Secure partnerships with user growth impact
  • Q3+ 2023

  • Explore product extensions based on impact on revenue or user growth
    Explore application for licensing
    Operational expansion to other jurisdictions (SEA, Dubai)
    Explore acqui-hire opportunities in the market

AlgoBlocks Team

geverifieerd 0%

Aandacht. Het risico bestaat dat niet-geverifieerde leden feitelijk geen lid zijn van het team

Joseph Kim
CEO
geverifieerde
Kareem Elshahwe
CTO
geverifieerde
Inder Singh
Graphics and UI
geverifieerde
Ali Barış Aktaş
Community Manager
geverifieerde

AlgoBlocks Laatste nieuws

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