On Tuesday, June 29th, we had the pleasure to welcome to our Telegram chat:
Elliot Hagemeijer, The CEO of Decubate.
We asked him questions about the development of Decubate.
Q~ Thanks for joining us today. Please start off by introducing yourself to the Blockchain Space community and your role in the team ?
A~ I’m Elliot, founder and CEO of Decubate.
Xiaolin : Tell us some fun facts about yourself as the CEO of Decubate so we get to know you better
Elliot : Haha alright. A few fun facts about me:
I’ve been extremely fortunate to discover my passion for blockchain and crypto over 5 years ago and decided to go all in and dedicate my life to what I still believe to be the greatest innovation of our generation.
I am still holding a single Ethereum I mined back in 2016 for under $10 — Diamond hands! ;)
I am also that annoying person that can’t shut up about blockchain and crypto during birthday parties 😅
Q~ Tell us what Decubate is, how it works, and what kind of value the investment platform adds to the ever expanding Blockchain Space ?
A~ Let’s get right into it!
Decubate is a community powered investment platform that’s bringing the $3T global startup economy on-chain.
Our platform pairs highly-vetted web2 startups with the financial and promotional capital of community members to fuel their web3 success.
The most exciting blockchain use case for me is fractional ownership. Tokenizing traditional assets is going to unlock life- changing wealth creation opportunities for billions of people.
We’re doing our part at Decubate by tokenizing traditional startups, onboarding a tremendous amount of new, uncaptured financial value. By joining Decubate and holding our DCB token, you can back and share in the future success of this new asset class.
Q~ Can you share with us detailed information on the $DCB tokenomics and it’s usecases ?
A~ Sure thing, I’ll begin with token utility
We focused on maximizing token utility from the start and DCB delivers a ton of value beyond its role as a platform currency.
Voting power, staking rewards and platform rewards are just some of the additional benefits DCB token holders receive.
As for tokenomics, I’ll share an overview image now and then callout key points.
🔑 Supply - We’re using the biggest distribution (25%) for our community and user base rewards and growth.
🔑 Vesting - Our vesting has a long term strategy to allow us to build a great product, prove the business model and gain a dedicated user base.
🔑 Scarcity - Full circulation should take around 10 years but we have a burn mechanism in place for each transaction taking place on the platform 90% will go towards our staking pool and 10% will be burned forever. No extra tokens will ever be created after the TGE.
Xiaolin : What’s the total supply?
Elliot : 1,000,000,000 (1 Billion)
Q~ Did you raise funds so far? If so, how did you handle them? Are you planning to do any future raises ?
A~ Yes, we secured our soft cap investment from a great group of Angel Investors, Influencers and Crypto VCs.
That said, these investors have a much longer vesting period. In addition, we purposefully kept that sale allocation small in order to make sure we do not have major token holder that can drastically influence our token economics.
We kept all allocation at a minimum requirement and even sent back funds to some VC’s and private investors after making major changes to our tokenomics strategy by dramatically reducing our initial market cap.
In that spirit, I’m excited to announce that Decubate IDO will take place next Tuesday, July 6th, on BSCpad and Tronpad!! Be sure to join the Decubate email list to find out the exact date and time before anyone else.
Q~ Can you give us an update on what the team at Decubate has accomplished till date and your future plans for Decubate ?
A~ This will sound a bit self-serving but I think we’ve exceeded our own expectations thus far 😎
The vision for Decubate is to become the #1 platform traditional startups choose to get on-chain, full stop. The global startup economy is massive, valued at over $3T. Securing a leadership position in this space will unlock incredible financial opportunity for us and our investors.
As previously mentioned, fundraising has gone really well but I’m also counting on all of you to participate in our public sale — July 6th on BSCPad and TronPad!
The Decubate team is extremely talented with decades of combined experience in blockchain products, startup incubators, software development, and marketing. Building this team has been one of my proudest accomplishments.
As for other milestones that are worth mentioning without making the answer SUPER LONG (sorry)
- Launched a new lead website (check it out!)
- Product is in alpha testing.
- Successfully audited our smart contracts (more on that soon)
Short term plans include our IDO, Product main-net live in August and first project to launch through our incubation also in August.
QUESTIONS FROM TELEGRAM
Q~ What is the mechanism implemented to choose the startups that will join the chain and how do they guarantee users that these startups are totally safe?
A~ Great question Jean, To ensure project quality at the start, we’re going to leverage our externsive network of traditional startup accelerators and incubators to identify the most promising companies to onboard. This has been a major priority and we have some exciting developments coming on this front post-IDO.
Q~ Decubate will use cross-chain, multi-bridge exchange solutions to maximize liquidity, impact and save high fees. But how will they actually provide solutions to the projects?
A~ Hey Jose, great question. The core Decubate team will be dedicated to ensuring the successful on-chain launch for the startups on our platform. What this looks like will vary from startup to startup depending on their needs. Our team includes experts across product development, marketing, software engineering, tokenomics, legal etc.
Q~ You say: The community will be a central part of the ecosystem, so do you have a governance portal where the community can participate in decision-making? Do you have a special plan to engage and expand the community and improve the user experience on Decubate?
A~ Hey Dary, great question. We view this answer as a short term and long term goal of the platform. In our MVP (Minimum viable product) we decided not to focus on such features so that we have the velocity of releasing a beta and launching companies/startups as soon as possible. This allows us to deliver value faster to our user base and gain insights and lessons that allow us to iterate and improve the product.
Long term, the only way we can scale up is by empowering our user base through what your question suggests to be a governance portal where community participants can vote, give feedback, ask questions and participate as advisors/influencers/team members within the company/project.
Q~ Which one of these aspects important for you?
1-Increasing Token Price&Value
2-Empowering Platform Development
3-Building Community Trust
4-Expanding Partnership Globally
In what order?
A~ Awesome question.
- Token Price (if we take care of 1–3, 4 will sort itself out)
Q~ Decubate stated that the biggest innovation of our time is fractionalizing ownership of assets by tokenizing them. Considering recent innovations like fractional NFT, what is your view on NFT’s and do you plan to launch NFT in the near future?
A~ We’re big fans of NFTs and the wide variety of use cases that are popping up beyond traditional and generative art. While we don’t have short term plans to mint NFTs ourselves, I wouldn’t be surprised if one of the startups we bring onto Decubate decides to go in that direction.
We will explore and keep options open for Q4. We’re agile 👍
Invest in the new startup economy through Decubate and let us know what you think of our company.
We’re looking forward to this journey together.
Again, thank you for having me it was a pleasure!
Stay tuned to our announcement channel. It’s gonna be a crazy week full of awesome announcements and reveals.
Minor thing, be aware of impostors claiming to be Admins DM you for whitelisting or allocation. The only official channels are the ones you kindly shared above 👍
It’s really nice having the Decubate project in here!!!
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