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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 4:49 AM Asia / Singapore
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 370 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 thousand
Interested to connect with advisors
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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.

Recent Activity
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1 Investor contacted this Business this week.
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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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