TimeCoin Protocol AMA Recap

03 Sep 202020:08

AMA

TimeCoin Protocol AMA Recap

Cryptodiffer Team

Hello, everyone!😁

We are glad to meet here:

Masato Kakamu. CEO at TimeCoin Protocol (@MasatoKakamu)

Masato Kakamu

Hello!!

Cryptodiffer Team

Welcome, Masato:) Thank you for taking your time today!
Our team has prepared 3 questions for you to start with:
Q1: Can you introduce yourself to our community?

Masato Kakamu

My name is Masato Kakamu. I started a company called Globalway in Tokyo about 17 years ago. Globalway runs B2C and B2B business and listed on Tokyo Stock Exchange.
TimeTicket Inc. is the group company of Globalway running skill sharing economy platform from 2016. Then, we started our blockchain project called TimeCoinProtocol as we set up subsidiary in Switzerland, TimeTicket GmbH in 2018. TimeCoinProtocol is the decentralized sharing economy platform on Ethereum blockchain which 3rd party dApp developers can easily develop and operate sharing economy services. User data can be shared among dApps on the platform under user permissions. We plan to launch NFT and DeFi functionalities on TimeCoinProtocol as well.
https://timecoinprotocol.com/

Cryptodiffer Team

Perfect, thank you for introduction!
Q2: Can you introduce TimeCoin Protocol to us?

Masato Kakamu

TimeCoinProtocol is the decentralized sharing economy platform on Ethereum blockchain which 3rd party dApp developers can easily develop and operate sharing economy services. User data can be shared among dApps on the platform under user permissions. We plan to launch NFT and DeFi functionalities on TimeCoinProtocol as well.
https://timecoinprotocol.com/

We have 2 applications, TimeTicket and eSportStars.
TimeTicket already has 400,000 users. The revenue has grown 30 times over 3 years. Our annual transaction is expected to exceed more than $5 Million USD this year and expected to grow very fast. TimeTicket currently covers Japan market and we plan to expand the business to international market.
We expect TimeTicket business to be black in this year and continue to grow the business to acquire 10,000,000 users in the future.
https://www.timeticket.jp/

We released the Alpha version of eSportStars in October, 2020. We have already acquired 10,000 users.
https://esportstars.jp/?select_lang=en
eSportStars covers Japanese, English, Chinese, Hindi and Portuguese, and we plan to expand cover more than 30 languages. Also, we plan to cover more than 1,000 games.
We are under test marketing to host many tournaments to acquire users on eSportStars in Japan. Also, we started esports tournaments in India and South America. We start contracting with esports related YouTuber and VTubers and we have more than 100,000 registration users on our YouTube Channel.

Please check our project video.
https://www.youtube.com/watch?v=_0MVP2hXLRU&t=3s

Please download our project pitch deck.
https://globalway.app.box.com/file/772630316806?s=uq7fqj6wecqs2xnttf1hhpr1ojsq84q7

Please follow us on our project and token sale information on Telegram
https://t.me/TimeCoinProtocol

Cryptodiffer Team

Amazing! The last question from our team before we open the chat for community queustions
Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?

Masato Kakamu

We will enhance eSportStars to start generating revenue and we will make a management and agency contract with many esports players, esports related video streamers and VTubers as we provide esports tournament and matching services to users. We are aiming to acquire over several million users within a year.

Our roadmap for this year
・eSportStars Additional Enhancement
To build tracking player gaming score, result, and award system
Integrating with other tournament management system and SNS besides Discord
Improving tournament management functionalities
Gaming Search Functionalities and adding over 1,000 games
Adding more than 30 languages
To build one to one online game matching functionalities
To build payment functionalities
To release apps on smartphone
Acquire over massive numbers of active users in eSportStars and TimeTicket
Add video Streaming and SNS functionalities on eSportStars
・TimeTicket Additional Enhancement
Renew registration and profile
Enhancing trading system including quotation, order, trade, settlement, review
Corporation account and trade setting
Adding video streaming functionalities

Open up TimeCoinProtocol functionalities for 3rd party dApp developers
Share active users to 3rd party dApps
It is important to acquire many users on our dApp first. Otherwise, we can not share enough users to 3rd Party dApp providers. It is vital to share enough users to be successful.

Cryptodiffer Team

Thank you for such detailed and interesting answers!

It is time to move to the community questions part.

Cryptodiffer Community

Why is TimeCoin Protocol a company focused on a decentralized esports application. Do you have a gaming experience? How well do you know and understand the gaming industry?

Masato Kakamu

Globalway, which I founded back in 2004 runs employee generated media called CareerConnection. https://careerconnection.jp/ You might know Glassdoor. We run Glassdoor like business in Japan. It is content generated media and more than 55 Million Users use our service every year. We have TimeTicket which is skill sharing economy type of business which people trade services on our platform. And, we run gaming business in Japan before. One of our investors is ex-Capcom executive who created many mega hits games. From these experiences, we came up with an idea to create esports platform service(https://esportstars.jp/) which game players, creators, and fans can play with/against games and exchange game related goods.

Cryptodiffer Community

What are some of the main differences between TimeTicket GmbH and TimeTicket? Which functions does each one have within the platform? What do they contribute to? Can this wonderful platform be used later to acquire more than just services provided by third parties?

Masato Kakamu

TimeTicket Inc. in Tokyo runs skill sharing economy platform called TimeTicket(https://www.timeticket.jp/) targeting Japanese market. We have 400,000 users and grow very fast, more than 30 times within 3 years. We also raised more than $4 Million USD in equity. The blockchain project, TimeCoinProtocol is run by TimeTicket GmbH in Swiss. We will use TimeTicket application platform to build TimeCoinProtocol and international version of TimeTicket, dApp and eSportStars. Our project was reviewed and approved by FINMA in Swiss and also reviewed by Tokyo Stock Exchange and Financial Ministry in Japan because Golobalway is a listed company.

Cryptodiffer Community

eSportstars is the First Dapp develop by TimeCoin Protocol. The objective of it is unite professional, fans and players to want to have esport Carrer, so do you any relationship with famous youtubers, gamers or professional players/teams?

Masato Kakamu

99% of esports players can not make living by just participating esports tournaments, but they have to practice more than 8 hours a day, so they have to work at the same time. esports tournaments are regulated by gaming companies and these companies set rules. Also, esports and gaming related Youtubers and VTubers are exploitated by a streaming service by Youtube and Twitch. We need to solve the problem by providing a marketplace and service trading place where they can easily make money.

Cryptodiffer Community

How is TMCN token used? How to keep the motivation for holding TMCN tokens long term?

Masato Kakamu

We plan to build DeFi and NFT like functionalities. Please download our pitch deck and check page 9 -12. https://globalway.app.box.com/file/772630316806?s=uq7fqj6wecqs2xnttf1hhpr1ojsq84q7

Cryptodiffer Community

💫TimeCoin Protocol is that kind of project that needs a attract the attention of users quickly, so can you explain what are the marketing plans that TimeCoin has to grow faster?

Masato Kakamu

esports, sharing economy, gig economy, and game streaming, DeFi, and NFT are hot market. We can capture these trend in our project. Especially, eSportStars can be enhanced very quickly. We can finish most of important development within half year. Adding more than 1,000 games and more than 30 languages. We already contracted several esports professional players, Youtubers, and VTubers. Please review ama_articles on esports insider. ◆How eSportStars plans to boost fan engagement and player revenue
https://esportsinsider.com/2020/07/masato-kakamu-esportstars/

◆Preparing to launch: How eSportStars is pivoting to facilitate success
https://esportsinsider.com/2020/09/masato-prelaunch-interview/

Cryptodiffer Community

how do you attract investors to be interested in $ TMCN ? because some investors only focus on short-term prices rather than long term?

Masato Kakamu

Besides we build DeFi and NFT functionalities, we try to attract our token holders. Since our company had raised $4 Million USD equity funding and our revenue and market value is constantly increasing, we did not need to sell our token in private sales at all. We used our equity funding side of money to build eSportStars and TimeCoinProtocol.

We launched IEO on BitForex on Nov 11th, 2020. We did not sell much token in IEO either. The IEO was just test marketing to let people know our project and create a traction of TimeCoin in crypto market. IEO was successful because TimeCoin market cap is over $2 Billion USDT.
https://www.bitforex.com/en/turbo/tmcn

Then, we decided to sell our token through our website starting from Feb 15th.
Our partner hosts the token sale on our website. No KYC is required.
https://timecoinprotocol.com/sale
The purpose of token sale is to raise money to seriously develop and run eSportStars, TimeTicket, and TimeCoinProtocol. If we have enough funding, we can make the protocol and dApp successful. Since we had not sold a lot of TimeCoin in IEO, we had bought back TimeCoin in the market and sustain the token price at the current level.
In our token sale, we give an exclusive opportunity for investors to purchase TimeCoin with 90% discount from the market price.
Actually, we are planning to be listed on some exchanges after the token sales before the lockup period is over. In this way, when investors who bought token during token sale can sell token in some exchanges and also bring new investors trading on theses exchanges as well. The exchanges are top exchanges.
Here is more information. https://timecoinprotocol.com/sale

Cryptodiffer Community

What are the main differences between the TimeCoin and other protocols? Why is TimeCoin Protocol better?

Masato Kakamu

A lot of projects could not meet users or investors expectation after IEO or ICO including our partial competitor like Origin Protocol. We are very experienced in running internet business, so we can significantly improve our project quality and deliver the result. We already have 400,000 users and generating revenue as well. And, we have already released the Alpha version of eSportStars. We are way ahead of the game. Also, eSportStars is under test marketing, but we acquire core users over 10,000. We are aiming to increase the number of users to 10 Million.
No esports platform leader exist. No esports gambling market leader exist. No decentralizing sharing economy platform exist. I think most of business application blockchain project failed because they do not think how to run the business in long run. We have proven our success in Globalway and TimeTicket. We are very experienced in balancing monetization, technology adaption including crypto and blockchain, and user expectation.
I think I cover most of topics. Please watch my interview last week. https://www.youtube.com/watch?v=M7ucGyzJ2wA&t=828s

Cryptodiffer Team

Great, thank you for your time

Masato Kakamu

Please also check
TimeCoin Telegram Account
https://t.me/TimeCoinProtocol

TimeCoin, Token Sale Information
https://timecoinprotocol.com/sale
Thank you very much

Cryptodiffer Team

Thank you to everyone who took part today! Appreciate great questions