A few days ago, we wrote about a possible diamond in the rough we might have found: Simple user handles for crypto wallets ids, an easy way to tip or to send money the crypto way, simply said an everyday token for everyone: The Tip Token. ICOs are often a scam or just bollocks, born in the smallest room. We found this to be different for the idea of this French ICO, led by Nicolas Nups (LinkedIn), who will be my guest today, answering me all the uncomfortable questions my skeptical mind has woven. Welcome, Nicolas!
SMARTOPTIONS: Hello Nicolas, thank you for taking the time for this interview! To be straight with you from the beginning, we won’t hold back with critical questions.
Your ICO is going to make crypto payments a) much easier and b) build the option to have it integrated into many websites and portals. Are you already in negotiations with social websites, that think about an integration of The Tip Token?
NICOLAS: Exactly! Thanks to the Short Address Name (SAN) and the widget we are currently developing, crypto payments will become far more intuitive and easy to setup on any app or website.
So indeed, we are currently discussing the integration of TTT on multiple platforms and websites well known from the public. So far, we haven’t received a negative feedback from any company we have approached. For now, we work on releasing a working platform and widget so we can attract more partners. Nonetheless, we have already teamed up with a barbershop in Monroe that will start using TTT as tips as soon as the ITO is over. We have also recently partnered with a blockchain related project called TeraWATT so their users can create simple addresses name using our SAN system.
We are currently discussing several partnerships with other cryptocurrencies, one being related to students and universities and another that could spread TTT to hundreds of companies. As a conclusion to this answer, I would like to add that there are countless websites currently offering content for free and that would directly benefit from using TTT; the best example, known by almost everyone, is Wikipedia.
SMARTOPTIONS: Nico, you are a bootstrapped startup with a great vision. How does it feel to compete with all these pre-funded ICOs that spend gazillions in advertising to get the ball rolling? How do you work to get recognized and to spread the word? What are your plans?
NICOLAS: When you launch an ICO, there are 2 cases scenarios: whether you have large funds to spend on marketing, either you don’t. In TTT’s case, we started from scratch with a team of hyper-motivated people but without as many funds as projects, you can see on youtube and on TV on daily basis.
However, it doesn’t mean that our work is less valuable. On the contrary, I would say that it is even more motivating to target the top 100 Cryptocurrencies when you start from almost nothing. And I can assure you we will go there!
The amazing aspect of TTT is that we don’t come to compete with other cryptocurrencies, we come as a complementary one. Every cryptocurrency can use TTT as a side coin for tipping or simply to create a custom address name instead of the complicated current public keys. To spread the word, we are contacting blockchain related projects and websites and simply introduce our concept. It is currently working exactly as we expected, extending our followers and partnerships daily. Moreover, thanks to our numerous connections in the cryptocurrency world, we have access to exchange listings and to various websites and platforms that will allow us to expand our audience considerably the following weeks.
SMARTOPTIONS: The TTT project consists of the platform that enables us, the everyday cryptocurrency user, to use SANs (like the ability to create a handle and send cryptos to it instead of the lengthy wallet IDs. The idea is as simple as ingenious- how was the reaction of the community so far?
NICOLAS: So far, all the reactions we received were positive and enthusiastic ones. I’m myself a frequent ERC20 tokens users and in all honesty, I’m always lost with which token is stored on which public key. I have to store everything in notes and it is not really convenient.
With TTT, I can simply associate my wallet where I store my ether to the SAN “eth.nico” and I don’t need to store the public key anywhere anymore. Who wouldn’t want this for their wallets?
SMARTOPTIONS: The plan of TTT embodies the SANs, widely spread integrations into social platforms and blogs (per widget) and browser games where you can earn tokens by playing them. How do these fields of operation connect to each other?
NICOLAS: Before everything else, The Tip Token is a community token. Our goal is to allow crypto and non-crypto users to communicate and interact easily with each other. Developing games such as Cryptoriddles is a way for TTT to create a synergy between all the members of the community.
Indeed, players can earn tokens by playing TTT games that they will then spend on SAN and tips. What is better than earning tokens by playing entertaining games?
We are also working on a new product that will help every new cryptocurrency project. More information to be disclosed about it soon.
SMARTOPTIONS: A user assumed The Tip Token could be a scam and posted a warning on Github. We stumbled upon that when we did our DD before publishing a post about TTT. We can see where he is coming from but did not agree with his points as it lacks any evidence. Can you understand why he estimated your project like this? What will you do in the future to avoid such false assumptions?
NICOLAS: One day, a member of ICOCHECKER team came into our telegram group and started spamming about their article. They did not try to contact us before posting their article nor did they ask us for details or explanations about the project.
The first thing we did was giving them a detailed answer, that you can find under their article.
After that, we have worked on all the points they have stated, posting pictures of the team and the official company documents on Twitter.
However, even after everything was sorted out, they never answered our private messages nor removed their post about these “red flags”. We still do not understand this behavior and we believe they might have a specific agenda we are not aware of. Anyway, we believe anyone can do his due diligence, like you did, and see that we are a serious and competent team.
SMARTOPTIONS: You seem to plan quite a few airdrops, why should users purchase tokens in the ITO, instead of just getting them per Airdrop?
NICOLAS: We currently have one ongoing airdrop offering 150 TTT and ending on the 13th of May and which is only available for the 5000 first registered members.
We are only airdropping a small percent of TTT tokens compared to the total circulating supply so only a few people will be able to obtain a few TTT by being eligible to the airdrop. The best way to get TTT definitely remains the participation in the sales.
SMARTOPTIONS: Pease introduce your team to us – with a focus on what they have done, that is relevant to crypto – and what they will do to make TTT a success. Do some of them have experiences with ITOs/ICOs and do you think that you will need a fancy advisor to spread the word?
NICOLAS: We have a highly motivated team composed of people from all around the globe and I’ll give you a small resume of every member:
- Jon, our CTO, and co-founder is a talented developer with past experiences in the cryptocurrency world. He has coded TTT smart contract and the token sale smart contract and is also working on the platform. He is also in charge of managing the developing team in charge of the app and desktop products. Jon is the key to TTT’s success.
- Faisal, our chief community manager, is managing every social media and is in touch with a lot of potential partners. His past experience as an administrator in crypto telegram groups such as CrowdMachine is a real bonus for TTT.
- Nick, in charge of our market expansion in the US, has a lot of connections with websites and industries. He is the one who found our first TTT partner Edges, a barber shop in Monroe, and he is currently in touch with future investors and partners.
- Alex, our senior dev, is in charge of a team of several developers. His team has worked on numerous projects, crypto-related and not, and they are in charge of developing and adapting every TTT product on mobiles.
- Marc, in charge of the market expansion in the Netherlands, is currently in touch with several potential partners. He has also worked on translating the whitepaper in Dutch.
- Phurpa, our system engineer, is working closely with Jon on the website and platform development & hosting.
- Jamaal, our website designer, has built TTT’s website and is pushing it everywhere online, expanding our audience.
SMARTOPTIONS: Please explain how you compare to Steemit, where you can also”tip” authors with upvotes- Please explain your project and how it elevates from similar tokens.
There are several tokens and projects that offer a platform where people can post content and earn tips from it. However, what TTT offers is a way for content creator and services providers to earn tips directly from their website and their favorite platform.
I believe this is what elevates us from similar projects like Steemit.
There are currently no other projects like TTT and the SAN creation associated with the tipping aspect is what makes us unique.
SMARTOPTIONS: Please explain how your ICO compares to this meme
NICOLAS: Haha that’s a funny one! To be honest it’s kinda the opposite for TTT. Our whitepaper is not a technical one as we intended to write it so everyone, crypto friendly or not, could understand it. So the products we will release will be far better than what’s expected.
SMARTOPTIONS: Which major events do you plan to (besides the roadmap) once the token hits the exchanges?
NICOLAS: We have a lot of surprises coming.
The one that will help spread the word about TTT will be the “tip your city” campaign. We haven’t officially announced it yet so this is an exclusivity!
We will invite everyone to tip their favorite city SAN (“Paris”, “London”, etc.) and all the TTT collected will be used to organize an event in the city with the most tips. Depending on the funds, we plan on organizing a music festival sponsored by TTT.
SMARTOPTIONS: That is a neat idea! I hope we will be invited to this show. Nicholas, thank you for your time, and for clarifying our questions, regarding The Tip Token.
The Tip Token is currently in its seed funding phase and you can find more information on their website.
The post [ICO SCOOP] Interview with The Tip Token appeared first on Smart Options.
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