AMA: Ask Me Anything Session with TEND (30.01.2018)

AMA: Ask Me Anything Session with TEND (30.01.2018)

The Swiss based project TEND is doing a Token Sale at the moment. The idea of this project is allow the co-ownership of precious, special objects & unique assets, possible through tokenization.

At Tuesday the 30th of January Founder & CEO Marco Abele and COO Rasoul Jalali have been in our Telegram channel to answer all questions from the community regarding their project (Names of community members are anonymous):

Mr. A, [30.01.18 21:01]

Good evening Ladies and Gentlemen, welcome to the AMA session for TEND a Swiss project. We have here CEO Marco Abele ready for all our questions. In addition COO Rasoul Jalali.

Rasoul Jalali, [30.01.18 21:01]

Hi guys!

Mr. A, [30.01.18 21:02]

First question from my side, if you have just three sentences, can you explain your project a bit?

Marco Abele, [30.01.18 21:02]

Sure.

Marco Abele, [30.01.18 21:03]

Tend is about a new investment world, where customers can get access to high value, luxurious assets that represent in most cases a passion or certain interest of a person.

Mr. A, [30.01.18 21:04]

So it's a kind of Tokenization of Assets?

Marco Abele, [30.01.18 21:04]

We achieve access to such high return asset through co-ownership managed through blockchain technology by tokenizing assets.

Marco Abele, [30.01.18 21:05]

However, as these assets represent a certain passion or interest, next to xo-owning these, we enable a great meorable experience to touch & feel these, on top.

Mr. A, [30.01.18 21:05]

Can you give us some practical examples, so that we have a better view. Zürichsee Yachts as well?

Marco Abele, [30.01.18 21:05]

So it's a combination of owing a precious object, but also get the joy of it.

Rasoul Jalali, [30.01.18 21:06]

Imagine driving your classic, handcrafted sports

car up the San Bernardino; light flickering through

the trees, surrounded by the mountainous Swiss

countryside – pure driving pleasure.

Rasoul Jalali, [30.01.18 21:06]

Imagine enjoying a glass of fine wine, while

watching the sun setting over the rolling hills of

the exquisite French vineyard you have invested in.

Marco Abele, [30.01.18 21:06]

Importantly, the assets are only "value-increasing" assets. Not consumption assets.

Rasoul Jalali, [30.01.18 21:06]

Imagine enjoying the exuberance of hosting an

exclusive New York evening, centered around your

co-owned American pop art masterpiece.

Rasoul Jalali, [30.01.18 21:06]

Imagine expressing your personal style by wearing

a different iconic Swiss collectable watch each

season. We have created a new investment world

that makes this possible. Its name is TEND.

Marco Abele, [30.01.18 21:06]

Your yacht may qualify only if it's really not losing value but gaining. Tend is about investments, not consumption.

Mr. A, [30.01.18 21:07]

I see, many thanks, got you! Great examples, you have done your marketing homework 😉

Mr. A, [30.01.18 21:07]

So a Sportscar would be also possible. In how many fractions this would be divided?

Marco Abele, [30.01.18 21:07]

[In reply to Mr. A]

👍

Marco Abele, [30.01.18 21:08]

Fractions always depends on the asset. For a collectable sportscar we would see between 5-10 co-owners.

Marco Abele, [30.01.18 21:09]

Typically. The reason is that it is limited by the experience we can generate, and also we want still to create a feeling of like-minded people owning a great car, not just random investors.

Mr. A, [30.01.18 21:09]

I see, but if such a car is at half a Million I would need 50-100k, correct?

Mr. B, [30.01.18 21:09]

Who decides on the amount of coowners?

Marco Abele, [30.01.18 21:09]

[In reply to Mr. A]

Correct.

Marco Abele, [30.01.18 21:09]

[In reply to Mr. B]

The original owner and TEND as well as the service provider.

Mr. B, [30.01.18 21:09]

Where are your limits for items you are willing to tokenize? Is a house tokenizable? Is a plain? Is a farm?

Marco Abele, [30.01.18 21:10]

Let me explain more detailed.

Mr. B, [30.01.18 21:10]

[In reply to Marco Abele]

So original owner sells to TEND?

Marco Abele, [30.01.18 21:10]

Original owner intends to bring his high valuable asset onto the platform.

Marco Abele, [30.01.18 21:10]

We do a due diligence process, verify authenticity, value and more.

Marco Abele, [30.01.18 21:11]

We then decide what is the experience associated with it and how many tokens make sense.

Marco Abele, [30.01.18 21:11]

Then we tokenize the asset, create 10 tokens for example, and give all 10 tokens to the original owner

Mr. A, [30.01.18 21:11]

And who stores the car?

Marco Abele, [30.01.18 21:11]

Then he decided how many tokens he wants to offer and for what price each.

Marco Abele, [30.01.18 21:12]

The car (and all our assets) are always centrally stored.

Mr. B, [30.01.18 21:12]

[In reply to Marco Abele]

Why not decentralize/democratize the process?

Mr. C, [30.01.18 21:12]

[In reply to Marco Abele]

where?

Marco Abele, [30.01.18 21:12]

For example the Porsche 356A Speedster is at Porsche Zug, they take care of service and all, it's in their showroom.

Mr. B, [30.01.18 21:12]

[In reply to Marco Abele]

So how do you shift a car from London to Moskow?

Marco Abele, [30.01.18 21:13]

Any of the co-owners can - through our calendar function - book the 1 day drive we arranged for example. Pass by, get the keys, and bring it back afterwards.

Marco Abele, [30.01.18 21:13]

Our customers do not need to worry about insurance, storage, and all the housekeeping.

Mr. A, [30.01.18 21:13]

Its a kind of first come first get it, right?

Marco Abele, [30.01.18 21:14]

We do that together with opur service partners.

Mr. B, [30.01.18 21:14]

[In reply to Marco Abele]

Isnt that logistically highly inefficient?

Rasoul Jalali, [30.01.18 21:14]

[In reply to Mr. B]

We would not shift it. Our model is local, so your asset would usually be close to you.

Mr. A, [30.01.18 21:14]

So its a project in general for Swiss guys based around Lake Zürich?

Rasoul Jalali, [30.01.18 21:15]

[In reply to Mr. B]

It's hyper local, so quite efficient.

Marco Abele, [30.01.18 21:15]

Yes. Our model is always going to mega cities in the world.

Mr. A, [30.01.18 21:15]

Ah I see. Where are other Hubs planned?

Marco Abele, [30.01.18 21:15]

E.g. Sao Paulo, Mexico City, Delhi, Shanghai, Jakarta.

Marco Abele, [30.01.18 21:15]

Hong Kong, Singapore, Seoul

Mr. A, [30.01.18 21:16]

Are this plans already in execution or its a roadmap for the future, if so in which timeframe or depending on the ICO money comes in?

Marco Abele, [30.01.18 21:16]

Where you see a lot of young generation having made sufficient money and aspire to own such a beautiful thing.

Mr. B, [30.01.18 21:16]

Ok but that limits the buyers to quite a small group of in-between-rich and like-to-show-off yuppies

Mr. C, [30.01.18 21:16]

can you explain the cash flow? who pays what, to whom, and who gets what for it? and what happens if you want to quit after 5 months?

Marco Abele, [30.01.18 21:17]

We start in Switzerland, for the first 3 years we want to build out the home market, platform and technology.

Rasoul Jalali, [30.01.18 21:17]

[In reply to Mr. B]

Actually, we will increase the current market for such assets by 10x, by allowing access for way more people than today

Marco Abele, [30.01.18 21:17]

In year two we will start a first international market to explore.

Mr. B, [30.01.18 21:17]

And on the other hand people would not buy things that are investment grade (art, real estate, ...)

Rasoul Jalali, [30.01.18 21:17]

[In reply to Mr. C]

Your investment is tradable, anytime

Marco Abele, [30.01.18 21:17]

The ICO is needed to execute this roadmap. We have a detailed cost plan that shows to what topic what funding goes.

Rasoul Jalali, [30.01.18 21:18]

[In reply to Mr. B]

We're talking about almost 400m people worldwide

Mr. B, [30.01.18 21:18]

[In reply to Rasoul Jalali]

Why risk a shortage of liquidity by using a „token“ and not simply do it in cash?

Mr. B, [30.01.18 21:19]

What is your thought behind using dlt in the first place besides the financing through an ico?

Marco Abele, [30.01.18 21:19]

[In reply to Mr. B]

I assume we mix up here the ICO token, and the series of asset tokens we generate for the product. These are two different things.

Marco Abele, [30.01.18 21:19]

There are 4 key reasons to use dlt:

Mr. D, [30.01.18 21:19]

do you think a contract on a blockchain (or the "tokenized asset") will be sufficient when it comes to a dispute with the co-owners or your company?

Mr. B, [30.01.18 21:19]

[In reply to Marco Abele]

So you can sell the asset tokens for cash? Whats the influence on the ico token?

Marco Abele, [30.01.18 21:20]

a) those assets have typically been in opaque history. Creating forward a tamper free transparent ledger is of huge value for an investor (knows what he buys)

Marco Abele, [30.01.18 21:20]

b) dlt comes with a great automated transaction system out of the box

Rasoul Jalali, [30.01.18 21:21]

[In reply to Mr. B]

The ICO token and the asset tokens have not correlation at all. They're two separate things.

Marco Abele, [30.01.18 21:21]

c) we have a large ecosystem of partners (insurances, services, etc) that simply works so much easier on a dlt, where everyone has same status all the time, than creating API interfaces to all of those

Mr. B, [30.01.18 21:22]

[In reply to Rasoul Jalali]

Tbh I only skimmed your website a bit. My understanding was that the ico token is meant to be a means of trade/payment for the asset tokens, or did i get that wrong?

Marco Abele, [30.01.18 21:22]

d) No counterparty risk: These highly valuable assets are still all time in ownership of the customer, not of Tend. This lack of counterparty risk is a huge advantage againgst banks today and especially for start ups.

Mr. B, [30.01.18 21:22]

Thank you marco!

Mr. A, [30.01.18 21:22]

One question regarding the Porsche for example: What happens if I with 1/10 of the Porsche make an accident at a weekend?

Marco Abele, [30.01.18 21:22]

All insured.

Marco Abele, [30.01.18 21:23]

The point is that all assets are insured on our platform.

Rasoul Jalali, [30.01.18 21:23]

[In reply to Mr. B]

That is not the case. They are two separate things. One is an investment in a company (TND token) the other an investment into an asset on our platform (asset token). Bit confusing I know.

Mr. A, [30.01.18 21:23]

Same for watches, if I make a scratch on the Rolex?

Mr. B, [30.01.18 21:23]

[In reply to Marco Abele]

How is the value determined? Price at the split?

Marco Abele, [30.01.18 21:23]

The co-owners get reimbursed the loss.

Mr. B, [30.01.18 21:24]

[In reply to Rasoul Jalali]

Yes but thats why I ask. One token is a purely speculative asset then. More of a new currency than anything else?

Marco Abele, [30.01.18 21:24]

[In reply to Mr. A]

Yes. BUT:

When you return the asset, a report I made by our service partner. That report is available for all co-owners ... you better watch out. And plus, there is another point. Everyone co-owns it, it's not just rented. You take care; everyone.

Rasoul Jalali, [30.01.18 21:25]

[In reply to Mr. B]

Well, in facts it's a participation share

MR. E, [30.01.18 21:25]

The Porsche car is one example - What other „assets“ do you plan to offer?

Mr. F, [30.01.18 21:25]

What if a co-owner does not agree to the report or when there is a similar dispute regarding the respective asset?

Rasoul Jalali, [30.01.18 21:26]

[In reply to Rasoul Jalali]

In more detail, our token is issued as a participation certificate (without voting rights) according to the Swiss Code of Obligations. This means, that token holders are entitled to an annual dividend pursuant to Swiss corporate law.

Marco Abele, [30.01.18 21:26]

It's a bit like AirBnB when you let others get into your house. We are thinking if a rating on "how careful this person uses the objects" should be introduced. We will find out with our intial customers what they prefer

Mr. F, [30.01.18 21:26]

Or if a co-owner uses the Porsche every other weekend and others don't? Or is the usage limited to once per co-owner?

Marco Abele, [30.01.18 21:26]

[In reply to Mr. F]

We act as a final decison maker if there is a dispute, we oen teh governacne of teh platform

Rasoul Jalali, [30.01.18 21:27]

[In reply to Mr. F]

Usage is limited

Mr. F, [30.01.18 21:27]

Different limitations for different asset I guess?

Rasoul Jalali, [30.01.18 21:27]

[In reply to Rasoul Jalali]

needs to be a sensible amount. ie a classic car you can't drive too much, otherwise it looses in value

Rasoul Jalali, [30.01.18 21:27]

[In reply to Mr. F]

Yes

Mr. A, [30.01.18 21:28]

Do you have a list of Assets already available? Ancient Coins as well, for example (Zürich is the Center of the world for it, thats why Im ask)?

Mr. F, [30.01.18 21:28]

Who defines these limitations?

Mr. C, [30.01.18 21:28]

are there already enquire? future customers?

Marco Abele, [30.01.18 21:28]

[In reply to MR. E]

Two vineyards, two art products from Swiss artists, Several watches and colliers -- sourcing more and more by the week.

Marco Abele, [30.01.18 21:28]

[In reply to Mr. C]

We have already 20 pilot customers with which we test the digital interface and platform. We have an alpha product working already.

Rasoul Jalali, [30.01.18 21:28]

[In reply to Mr. F]

We will define them together with experts, ie for a Car or Winery.

Marco Abele, [30.01.18 21:29]

In April, we have already 100 customers lined up for next beta phase.

Mr. A, [30.01.18 21:29]

Can you explain the example vineyards, how would that work in usuage and amounts of Tokens? Just to do it more practical

Marco Abele, [30.01.18 21:29]

[In reply to Mr. A]

Bring them on! But Marc, what experience you give to the people?

Mr. C, [30.01.18 21:30]

[In reply to Marco Abele]

have you made a market analysis? how many potential customers do you expect? i wonder if there will be a demand. a sufficiently large one.

Mr. A, [30.01.18 21:30]

[In reply to Marco Abele]

Not a use-Experience, thats true

Rasoul Jalali, [30.01.18 21:31]

[In reply to Mr. A]

Sure. The experience you get with a vineyard is twofold: 1) You get shipped your own wine each year and 2) You get to go on vacation and special events on the vinery

Marco Abele, [30.01.18 21:31]

[In reply to Mr. B]

No Ineff. Important: Our Tend Token is a security under Swiss law, the first ever Swiss law based token.

Mr. D, [30.01.18 21:31]

Are you selling your token to US citizens? How is that compliant with the US securitys regulation? Did you obtain an SEC license?

Mr. F, [30.01.18 21:31]

Winery sounds interesting! Would I be entitled to receive the final product every season or what would the value of such an asset be in this case?

Marco Abele, [30.01.18 21:31]

[In reply to Marco Abele]

In fact, owners of the token get shareholder of Tend Tech AG. With access to dividends.

Rasoul Jalali, [30.01.18 21:32]

[In reply to Mr. F]

exactly, you get to dring your own wine, plus..

Rasoul Jalali, [30.01.18 21:32]

[In reply to Rasoul Jalali]

Go there on vacation with your friends or family and experience special events as well

Mr. A, [30.01.18 21:33]

The watches you have onboarded already, in which Price-Class they are and what amount of Token is planned for each one. Just to get a feeling for it.

Marco Abele, [30.01.18 21:33]

[In reply to Mr. D]

Re US, we need to differentiate. For the pirmary issuance, US is excluded due to capital market rules. However, US can buy teh token freely in the secondary market afterwards.

Marco Abele, [30.01.18 21:35]

[In reply to Mr. A]

Sure, it's between 50k to 200k, So the 50k watch is 4 co-owners, the 200k watch is 8 co-owners.

Rasoul Jalali, [30.01.18 21:35]

[In reply to Mr. C]

There's 35m millionaires worldwide. Our target segment are affluents and mass affluents with a total population of almost 400m people. The market is huge!

Marco Abele, [30.01.18 21:35]

We reduce the entry barrier due to co-ownership. That's why we open up an entire new huge market for such luxury, high value assets

Rasoul Jalali, [30.01.18 21:36]

[In reply to Rasoul Jalali]

Imagine you give these people investment opportunities and experiences in one they could only dream of as of yet

Mr. G, [30.01.18 21:36]

[In reply to Marco Abele]

How do you ensure identity? /fraud protection? If I think about it this way it would be possible to buy an expensive object and then sell it to a higher market price, e. g. watches rings and other wearable accessories.

Marco Abele, [30.01.18 21:36]

It's the shared economy in terms of investments.

Mr. C, [30.01.18 21:36]

[In reply to Rasoul Jalali]

but the market you are looking for is "CO"-owners. Millionaires can buy the watch and put it in the safe.

Mr. C, [30.01.18 21:36]

or what am I ignoring?

Marco Abele, [30.01.18 21:37]

[In reply to Mr. G]

Every customer will go through a KYC and AML process. You cannot sell the asset outside of our platform. We need to protect the asset and other co-owners.

Mr. A, [30.01.18 21:37]

It depends, would you buy a 200k watch if you own 1.5 mio? I doubt

Rasoul Jalali, [30.01.18 21:37]

[In reply to Mr. C]

Our target customer is somewhere between 100k and 2m net worth.

Rasoul Jalali, [30.01.18 21:38]

[In reply to Rasoul Jalali]

We're looking at people who've made it, but not quite yet.

Marco Abele, [30.01.18 21:38]

[In reply to Mr. A]

Exactly! It's about diversification.

Mr. A, [30.01.18 21:38]

Very important question regarding the cars Marco, a must question in Crypto: "When Lambo?"

Mr. H, [30.01.18 21:38]

[In reply to Mr. A]

👍

Marco Abele, [30.01.18 21:38]

In our platform, you can own for 150k a vineyard, a watch, a Porsche ...

Mr. C, [30.01.18 21:38]

[In reply to Mr. A]

agreed

Mr. B, [30.01.18 21:38]

[In reply to Marco Abele]

Like a Genussschein?

Mr. C, [30.01.18 21:38]

[In reply to Mr. A]

😂

Mr. B, [30.01.18 21:38]

[In reply to Mr. A]

😂

Marco Abele, [30.01.18 21:38]

[In reply to Mr. A]

Lambo.... yeah, I like too!!!

Mr. A, [30.01.18 21:39]

So there will be more cars, or?

Mr. A, [30.01.18 21:39]

To be honest a 60 year old porsch is not sooo interesting for some of the guys here

Marco Abele, [30.01.18 21:39]

[In reply to Mr. B]

A participation share accord. to 656a Swiss Obligation law.

Mr. C, [30.01.18 21:39]

[In reply to Marco Abele]

I'm not interested in watches, but lambo... why not?

Rasoul Jalali, [30.01.18 21:40]

[In reply to Mr. C]

there's something for everybody

Mr. B, [30.01.18 21:40]

How does the process of selling an asset work? Owners need to agree (all of them, parts of them)? Is it sold back to tend or to a direct buyer? Can participants sell their share but only through you?

Ms. A, [30.01.18 21:40]

[In reply to Mr. C]

The ladies are though :) ⏱

Marco Abele, [30.01.18 21:41]

[In reply to Mr. A]

Yes, of course, we are looking into all types of value-increasing cars, like Aston Martins, Ferraris, Lambos, etc.

Mr. C, [30.01.18 21:41]

[In reply to Ms. A]

😃

Mr. B, [30.01.18 21:41]

Doesnt the model make it way harder to protect yourself against insurance fraud? One could crash the car on purpose - whos responsible?

Rasoul Jalali, [30.01.18 21:42]

[In reply to Mr. B]

You can buy and sell the asset token any time on our platform. No need to sell the entire asset.

Mr. C, [30.01.18 21:42]

how big is your TEND-Team? now

Rasoul Jalali, [30.01.18 21:42]

[In reply to Mr. C]

8 full time at the moment, but further 7 joining in coming weeks

Mr. B, [30.01.18 21:42]

[In reply to Rasoul Jalali]

Do co-owners get a vote on who can buy the outstanding participation?

Marco Abele, [30.01.18 21:42]

[In reply to Mr. B]

Well, again I believe there is a social contract working. These are co-owners, its yours: why would you destroy intentionally your asset?

Rasoul Jalali, [30.01.18 21:43]

[In reply to Mr. B]

Well the participation shares are if you invest in the Tend token sale. This has nothing to do with the asset token on our platform.

Mr. B, [30.01.18 21:44]

[In reply to Marco Abele]

Sell asset to you, distribute ownership, destroy, claim insurance and make it impossible to determine whos accountable. Maybe a bit far fetched but you never know. Usually someone has to be the one to blame.

Mr. A, [30.01.18 21:44]

I have a question regarding the ICO itself: Is there a minimum amount you need to raise, do you have a hardcap?

Mr. B, [30.01.18 21:44]

[In reply to Rasoul Jalali]

Participation of an asset i mean

Rasoul Jalali, [30.01.18 21:44]

[In reply to Rasoul Jalali]

But to answer your question, no, the current co-owners of an asset cannot vote on a new owner

Rasoul Jalali, [30.01.18 21:46]

[In reply to Mr. A]

We don't have a minimum. Our target is 30m CHF to finance the first three years. Hard cap is set to 85m to allow a full global roll out into 12 intl markets/cities in the next 8 years.

Mr. B, [30.01.18 21:46]

[In reply to Rasoul Jalali]

So the buyer needs to make sure he is close enough to the physical asset (in case of car) to be able to use it within the set timeframe? Like someone from Lithuania buying a part of the Lambo but can’t use it at home...

Mr. C, [30.01.18 21:46]

[In reply to Rasoul Jalali]

as soon as the handling of many things comes in (such as insurances etc.), I suppose you have to grow very fast? or what is your plan?

Mr. C, [30.01.18 21:47]

is there a target for the Pre-ICO, too?

Mr. C, [30.01.18 21:47]

[ Photo ]

Marco Abele, [30.01.18 21:47]

[In reply to Mr. B]

Yes. Correct. We have a local operating model (a global tech platform though). The assets are close by locally. So we have operations in all cities we will go. In Sao Paulo, there will be different objects available than in Jakarta. And we serve people who are in that country, not from outside.

Mr. I, [30.01.18 21:47]

Can you elaborate quickly on the legal enforcability of the co-ownership? What can I do if the real owner or the asset disappears?

Rasoul Jalali, [30.01.18 21:47]

[In reply to Mr. C]

That's correct. However, we will work with first-class, certified partners as well

Mr. B, [30.01.18 21:48]

Sorry for pressing you guys so hard 😌

If 8 people co-own the Lambo and each one uses it on weekends, there is a lot of dead time and the car is in a garage. Or will the usage windows be dynamic?

Mr. C, [30.01.18 21:48]

[In reply to Rasoul Jalali]

yes, \@Mr. A did his homework in marketing. 😆

Rasoul Jalali, [30.01.18 21:48]

[In reply to Mr. C]

We did not define that target.

Mr. B, [30.01.18 21:49]

[In reply to Marco Abele]

Where do you draw the line? Can I co-own a ship in Zürich even though I live in Milano (but ready to travel).

Marco Abele, [30.01.18 21:49]

[In reply to Mr. I]

Every co-owner is a legal owner of the asset. We ensure this by the reference of the real assets within the smart contract. If a co-owner dies, his inheritants take over. if a co-owner disappears, Tend will take a fiduciary role to transfer the co-ownership.

Rasoul Jalali, [30.01.18 21:51]

[In reply to Mr. B]

To be clear on the Lambo, please be aware that we're talking about collectible classic cars which you don't want to drive too much. So as a co-owner you might get to drive your 1956 356 A Speedster once or twice a year max

Rasoul Jalali, [30.01.18 21:52]

[In reply to Rasoul Jalali]

This point is super crutial, this is an investment: If you invested in such an asset ten years ago, you'd have made 460% return. Give you treated it well.

Mr. I, [30.01.18 21:52]

[In reply to Marco Abele]

But there is no legal framework for this in the real world. Or at least there was never a legal case where a court accepted such a smart contract. Thats one of the biggest challenges so far.

Mr. H, [30.01.18 21:53]

Dear TEND team,

would you also consider assets like private-jets and/or VIP-helicopters? Thx

Rasoul Jalali, [30.01.18 21:53]

[In reply to Mr. B]

Yes, you can do that. Take the vineyard for example, it is where it is 😊

Marco Abele, [30.01.18 21:54]

[In reply to Mr. I]

Yep, but that's what we engineered. We create a real world certificate, that is hashed and referenced in the SC. Thus we bridge the real word with the digital during our asset onboarding process.

Rasoul Jalali, [30.01.18 21:54]

[In reply to Mr. H]

We would not classify private jets or helicopters. Actually quite the opposite.

Mr. C, [30.01.18 21:55]

I think the question has already been asked above. can you give us a numerical example?

as a co-owner, I want to buy a 1/4 o' clock now. how much TEND do I pay?

Marco Abele, [30.01.18 21:55]

[In reply to Mr. C]

Nothing ....

Marco Abele, [30.01.18 21:56]

[In reply to Marco Abele]

Let me explain the revenue model:

a) each user pays a monthly/yearly subscription fee, to be part of the platform and get our concierge services.

Marco Abele, [30.01.18 21:58]

[In reply to Marco Abele]

b) whenever an asset is onboarded and tokenized, we charge a "conversion" fee

c) for advanced risk management and portfolio analytics, we provide robo advisory services for such real assets on top.

d) Lending: if you need cash, we take your token as collateral and provide lending on the real asset.

Marco Abele, [30.01.18 21:59]

Lots of revenue sources ...

Marco Abele, [30.01.18 21:59]

But we don't take a transaction fee ... that's what banks are doing, stealing money from your asset

Marco Abele, [30.01.18 21:59]

And brokers by the way.....

Mr. C, [30.01.18 22:00]

okay, so far so good. but someday i'll have to buy the co-ownership?

Rasoul Jalali, [30.01.18 22:01]

[In reply to Mr. C]

Not sure I understand. Can you elaborate, please?

Rasoul Jalali, [30.01.18 22:01]

[In reply to Mr. C]

You mean how much will you pay?

Mr. C, [30.01.18 22:02]

yes

Mr. C, [30.01.18 22:02]

and how

Mr. C, [30.01.18 22:02]

how I invest in this "porsche" or "Watch"

Rasoul Jalali, [30.01.18 22:03]

Ok, so let's be clear: 1) the TND token sold in our token sale is not usable on our platform as a currency. 2) you can pay for the co-ownership of the asset in Fiat or crypto (in a second stage)

Mr. C, [30.01.18 22:04]

aaah

Mr. C, [30.01.18 22:04]

alright!

Mr. C, [30.01.18 22:05]

TND is only for finance your company, your "3-year-plan"

Marco Abele, [30.01.18 22:06]

[In reply to Mr. C]

YES! As it should be, in my view. Token sales are purpusefully for financing great new ventures

Mr. C, [30.01.18 22:06]

I wanted to ask because of the volatility of TND and assets later. But then it's clear. No connection.

Marco Abele, [30.01.18 22:07]

Regulators will have a strong crack down on "mixed up" tokens that do not clear enough represent the one or other. Therefore we decided to have a clear purpose: financing the company. And this fully in line with Swiss law.

Mr. A, [30.01.18 22:08]

Thanks Marco!

Mr. A, [30.01.18 22:08]

Last question for today:

Mr. C, [30.01.18 22:08]

[In reply to Marco Abele]

generaly good.

Marco Abele, [30.01.18 22:09]

Okay last question?

Mr. A, [30.01.18 22:10]

So no further questions, many thanks for your answers Marco and Rasoul

Mr. B, [30.01.18 22:10]

Thank you gentlemen!

Mr. C, [30.01.18 22:10]

Thank you very much from my side. and much success with your project. \@marcoabele \@RasoulDaniel

Mr. A, [30.01.18 22:10]

Very helpful

Rasoul Jalali, [30.01.18 22:10]

Thanks for your questions guys!

Marco Abele, [30.01.18 22:10]

Thanks a lot too!

Marco Abele, [30.01.18 22:10]

Great questions, great session!

Marco Abele, [30.01.18 22:10]

Get in touch with us if you need further info.

Mr. A, [30.01.18 22:11]

It was a pleasure and good luck with the project and token sale 👍

Marco Abele, [30.01.18 22:11]

Spread the word about TEND! Thanks!