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Crypto Startup Investment Opportunity in George Town, Malaysia

An online portal offering its own crypto coin and various other services seeking financial investment.

Established 0-1 year(s)
Employees 5 - 10
Legal Entity Other
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Crypto
Locations  George Town
Local Time 7:44 PM Asia / Singapore
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 390 thousand for 25.0% stake (Native Currency: SGD 500,000)
Reason: The investment is required for application development and regional expansion.
Includes physical assets worth USD 15.5 thousand
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Business Overview
- We provide an interactive crypto-mining application where users can mine for coins; namely BIDcoin (BDC) after completing daily quests.
- The coins can be then used within the application itself for bidding or buying real products.
- Items available for bidding include everything from headphones, Bluetooth speakers, fridges, TV sets, motorbikes, and even cars.
- Quests may include but are not limited to, data collection, like & share posts, enlisting merchants (offline), sending referral links, watching an interstitial video advertisement. etc.
- Our application is totally free to download and use. Hence, we can expect strong growth and massive target audiences when the users start winning items from bidding activities.
- The company is seeking funds to complete the development of the application and the exchange center.
- There are several revenue models, namely advertisement revenue (from videos), sale of products (eCommerce), shipping charges (eCommerce), coin sales, exchange fees, etc.
- ROI is estimated within 12 months with a growth return rate of 150% minimum based on 50,000 daily active users. (base start of 10k users progressive increment to 50k by December 2022).
- The technical team is based in Malaysia for better costs savings. We intend to expand regionally (SEA) with projected revenue of SGD 5 million per month (SGD 60 million annually) from 2023 onwards.
Products & Services Overview
- Free to use cryptocurrency mining application.
- Bidding platform (Items will be sourced from China)
- Flash bid feature.
- Bid & burn feature.
- Highest bidder feature.
- Team bid feature.
- E-commerce (for immediate purchases instead of waiting to win the bid)
- Shipping services.
- Offline merchants to accept cryptocurrencies.
- Data analytics.
- Advertisement sales.
- Cryptocurrency exchange center for conversion.
- Trading of cryptocurrencies.
- Future coin issuance & listing on the exchange.
Assets Overview
The development team, Source codes for the application and exchange center, and Exchange license (To apply either from Singapore or Labuan)
Facilities Overview
- We have a 1500 sqft rented office in Malaysia, Penang. We intend to have a support center in Singapore. Everything else will be conducted online.
Capitalization Overview
Not Disclosed
Recent Activity
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7 Investors already contacted this Business. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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