ark wallet 20200716
TRANSCRIPT
The Ark WalletA trustful transaction wallet contributing back to the society
Confidential and Proprietary
Ark Wallet (The Company) is All-In-One
wallet, which facilitates
! Day to day transactions in the targeted city
! Contribution to a Foundation to donate to
charities / organisations in need
! Digital identity verification (virtual citizenship)
! Genuine blockchain voting system
What is ArkWallet
Confidential and Proprietary
Confidential and Proprietary
Our Mission
Be the Key Autonomous Treasury Function connecting all people within a certain cities
Create Value via the Wallet to further continuously support the Communities
Create a Digital Ecosystem to support the creation of dream cities
Confidential and Proprietary
Confidential and Proprietary
Day to Day Transactions
B2B Transactions
Revenue Model
Confidential and Proprietary
Day to Day Transactions
Confidential and Proprietary
Confidential and Proprietary
! A token (Stable Coin) will be issued by the Wallet, pegged with US Dollar
! The token will be the major transactional “currency” in some cities
! For every transaction, the Wallet will charge 0.2% transaction fee and 0.8% will be contributed to a Foundation
Crypto Token
Confidential and Proprietary
Confidential and Proprietary
How the Mission can be Achieved?
The Foundation
The Company
Token Spend/Collect 0.8%0.2%
Confidential and Proprietary
How the Mission can be Achieved?
The Foundation
The Company
Token Spend/Collect
$0.04
$0.01
$4.975
$5.025$5
Confidential and Proprietary
Simple Illustration
Local Shops and Cafeterias 3,000 shops
Average Monthly Sales Volume $25,000 per shop
Assume 50% transaction via the wallet
Monthly sales volume via the wallet $37.5 million
Monthly contribution to the Foundation $300,000
Yearly contribution to the Foundation $3.6 Million
Coffee ShopP R E M I U M Q U A L I T Y
& R E S T A U R A N T
E S T . 1 9 8 7
Confidential and Proprietary
Assume
! 2,000,000 users (By 2029)
! Daily spending ~$20 equivalent Token per day per person
$120 million will be contributed to the Foundation per year
$30 million will be contributed to the Company per year
Future Outlook…
Confidential and Proprietary
Goal
B2C
B2B
Goal
Confidential and Proprietary
! By 2022, Token transaction will be extended to B2B when the Wallet reaches an economy of scale
! Transactions will be further extended to the upstream (supply / trading) of the retails transacting with the token
! The transaction volume will be exponential
2000 Business
Transaction ~$1,500
per day per Business
$9M to the Foundation per
year
>$2M to the Company per
year
Ultimate B2B Model
Confidential and Proprietary
By 2025, ! Contribute at least $250M each year to the
Foundation
! Company achieve >$60 Million income per year
*$100M B2B transactions per day
By 2030, ! Achieve $200M income per year
Goal of the Company
Confidential and Proprietary
Criteria of the Crypto Token
! High circulation is required. ! Top-up for daily use; B2C and B2B transactions
! Easy to trade with fiat given the mass public participation
! T+2 deposit into fiat bank account upon sale and withdrawal of the token
Confidential and Proprietary
Win-Win Situation ! The Company receives income through
transaction fee
! The Foundation provides resources for charities and people in need
Confidential and Proprietary
Confidential and Proprietary
! Launch the Wallet in an identified city and some other cities with substantial immigrants of that city (e.g. USA, Canada, Australia) to acquire a target of 500,000 users
! The Foundation will focus at the beginning in donating to the charities in that identified city for users’ acquisition
Go To Market Strategy
Confidential and Proprietary
Show Case of the Wallet (Phase 1)
Confidential and Proprietary
Confidential and Proprietary
Basic Functions of the Wallet! Profile of the Wallet Owner ! Digital Identity Feature can be implemented
later
Profile of the Wallet Owner
Jane Ann
Wallet ID2435**
Linked Bank
Account No.016-1-2345**
Digital ID
JAnn
Confidential and Proprietary
Bank Account Opening Functions
Enter your user ID
Linked Bank
Please select
Create
3OHDVH�ƓOO�LQ�EDQN�DFFRXQWRSHQLQJ�LQIR
&RQWLQXH
Go to Bank
InterfaceApprove
Jane Ann
Wallet ID2435**
Linked Bank
Account No.016-1-2345**
Digital ID
JAnn
Confidential and Proprietary
Account Summary
Account Summary
Account Overview
Token A
26,384.93
Token B
Equivalent
98,765.43
125,150.36HKD/
16,044.91USD
Confidential and Proprietary
Payment and Collect
Scan
ScanCollectPayment
Payment
Please enter the amount
XXX Token B
HKD USD
slide to pay
Collect
Please enter the amount
XXX Token B
HKD USD
slide to pay
Confidential and Proprietary
Transaction (Spending / Collect) Summary
Transaction Summary
Transaction Summary
From
Wallet
Total HKD
Wallet ABC 93,234.32
94,937.03 94,937.03
Wallet DEF 342.16
Amount HKD
Wallet LMN 1,352.72
Wallet XYZ 7.83
93,234.32
342.16
1,352.72
7.83
HKD USD
Sort by
Date
Week
Period From / To
Token A Token B All
Confidential and Proprietary
•
Banking Collaboration! To identify an offshore bank to provide one stop bank account opening for the people,
with KYC conducted. ! To incentivize the bank, we are offering a 5 years’ exclusivity to the bank with a 0.25% (or
more) transaction fee for every fiat to crypto deposit and withdrawal. If on average there is as little as US$10M deposit and withdrawal taken place per day, it represents an annual revenue of US$9M for the bank.
! The bank also gets incentivized when they have hundreds of thousand new customers, which provide synergy for other businesses
! To solve the anti-money laundry issue, the bank should possess the identity of the wallet ID, and be able to access the transaction history of the wallet owner (preferably upon request, to be discussed with the bank)
Confidential and Proprietary
RoadmapInitial Development Phase
Confidential and Proprietary
Confidential and Proprietary
•
Phase 2020! Set up corporate structure ! Development of prototype, wallet without withdrawal
function ! Development of a self blockchain (ERC20) to issue the tokens ! Enable top up via Visa / Master / Paypal Payment Gateway ! Enhance circulation in building public confidence via KOL,
Word of Mouth and Social Media ! Identify and initiate negotiating with potential offshore bank
for collaboration
Confidential and Proprietary
Confidential and Proprietary
Key Milestone in 2020 / 2021
Oct Nov Dec Jan Jun Jul
• UAT of Blockchain • Payment Gateway
Ready
• UAT of IOS, Android APK & WEBAPP
• Youtube Video Launch • Start of Marketing
Campaign • WEBAPP Launch, APK
available for download
• IOS available for download • MOU with Bank
• Kickoff PwC Blockchain System Validation
Confidential and Proprietary
Delaware
Delaware,US
Foundation Delaware,US
Investment (Holding Company)
(Wallet IP Holding Company)
(Wallet Operation Company)
Proposed Company Structure
Confidential and Proprietary
•
! Wallet Holding Company to issue 1 million tokens at $1 per token ! For every transaction, 0.8% will be paid to the Foundation wallet,
0.2% will be paid to the Operating Company wallet ! On a monthly basis, the Holding company will write off the
tokens held by the Foundation and the Operating Company and transfer the equivalent fiat currency
! Every month, each user who has made at least 1 transaction in the wallet is eligible to vote via the voting system in the wallet to decide the top 3 entities the Foundation will donate to
! As the tokens are written off every month, the available tokens will decrease. When total available decreases to 500,000 tokens (to be adjusted) (i.e. ~$50M transaction is made in the market), another 1 million tokens will be issued
Transaction Flow
Confidential and Proprietary
Confidential and Proprietary
! 300,000 users acquired by end of Year 2021 ! Average transaction per user per week (5 days
per week) — $100 ! Monthly transaction by end of 2020 — $125 Million
Revenue to the Company = US$3 Million Donation to the Foundation = US$12 Million
Turnover Target 2021
It represents an annual transaction of $1.5 Billion
Confidential and Proprietary
Confidential and Proprietary
Top Up Flow
1. Users to download Wallet App from IOS/Android and create Wallet Account
Enter your user ID
Password
CreateConfidential and Proprietary
Confidential and Proprietary
Top Up Flow
2. Go to Website, scan via the phone wallet
Scan the QR Code
Topup
Please scan the QR Code
Go to Wallet WebAppscan via the phone wallet
Confidential and Proprietary
Top Up Flow
3. After scanning, users to top up in the laptop payment gateway
Payment
(max. US$200)Pay Amount: US$150 (equivalent HKD1,177.50)
Buy: 1,177.50 Token
Pay to: Delaware Wallet Company
Confidential and Proprietary
The wallet website will show how much money has received since inception, how much tokens are available in the market, and how much the Foundation has received. Public can reconcile the numbers to improve the transparency and ensure its integrity
Website Transparency
Total Funds Received
As at Jan 15, 2020 18:35 PST
Available Tokens in the Market
Foundations Received
Wallet Company Real Time
US$1,250,000
6,000,000 US$675,000
Confidential and Proprietary
Voting System
January 2020 Voting
1. ABC
2. DEF
3. GHI
4. JKL
5. MNO
6. PQR
7. STU
8. VWX
9. YZA
10. BDE
Which Top 3 Entities would you like the
Foundation donate to this month?
Confidential and Proprietary
Confidential and Proprietary
•
Key to Success! Circulation is most important, thus each wallet user can only purchase a maximum
US$200 per offer! As users need to pay approx. 4% transaction fee via purchase from the payment gateway,
it provides incentive for them to pay fiat currency to the restaurants / shops in exchange for the tokens. Thus it solves the issues of the restaurants / shops holding a lot of tokens who want to convert to fiat currency
! By building reputation, it triggers higher circulation. The higher the circulation is, per $1 Billion transaction, the foundation receives $9 Million and the Wallet Company receives $1 Million
! To eliminate the concerns from the public, all costs incurred by the Foundation will be bear by the Wallet Company (to avoid similar situation as most NGOs which charges high management fee)
! The wallet can further enable collaboration with other projects in the market
Confidential and Proprietary
Confidential and Proprietary
Phase 2022! Complete partnership with an offshore bank to
facilitate deposit and withdrawal ability
! Promote B2B transactions
Confidential and Proprietary
Fund RaisingConfidential and Proprietary
We are raising $3M SAFE at $15M Post Money. First close when $500K is reached.
Confidential and Proprietary
Confidential and Proprietary
Use of Funds
! Develop the Blockchain, Payment Gateway, Wallet Apps and Web Interface
! Incorporate a proper legal structure ! Engage legal firms to mitigate all the legal issues before go
live ! Outsource and In-house hiring ! Video (YouTube) creations and social media maintenance ! Other Operating Expenses
Confidential and Proprietary
Confidential and Proprietary
Use of Funds Breakdown
USD (‘K)
IT Costs
Blockchain
Project Outsource
In House Staff
Others
Legal
OPEX
Total
Total Headcounts
1-4
229
5
162
28
34
140
263
633
9
5-12
344
67
79
124
74
67
458
869
FY
574
72
241
152
108
207
722
1,502
13
494
120
-
240
134
140
864
1,498
15
1,068
192
241
392
242
347
1,585
3,000
Year 1 Year 2 Total
Confidential and Proprietary
! Approaching 20 Years of experience in Sales & Operations, Finance and Investment
! As the investment principal in the past 9 years, focusing on Venture Capital, Startups & Portfolio Managements across the US, Europe, Israel and Asia
! Bachelor of Commerce ! Executive Master of Business and Administration
About the Founder
Thank You!