#8 Investment Proposal - Depinsim

1. Project Overview

Token Information

  • Token Ticker: SIM
  • Token Type: ERC-20
  • Explorer Link: TBC
  • Total Supply: TBC
  • Current Circulation Supply: TBC
  • Smart Contract: TBC
  • Audit Report: TBC
  • Market Cap.: TBC
  • Unlock Schedule: TBC

2. Team

Executive Members:

  • Peter (CEO)
  • Benny (Managing Director)

Organization Chart: Link
History and Milestones: Check out Twitter


3. Business

Business Status

  • Project Description: World’s first cross chain connectivity DePIN protocol.
  • Problems to Solve:
    • No existing crypto eSIM network
    • Lack of decentralized protocol in the market
  • Project Features:
    • Crypto eSIMs
    • Mobile DID
    • No KYC Needed
    • Task-to-Earn
    • Travel-to-Earn
  • Key Achievements: 2M+ Users already.
  • Competitor Comparison: Google Sheets

Tokenomics

  • Token Utilities:
    • Protocol Mining
    • Marketplace Currency
    • Native Token for its own L2
  • Revenue Model of the Protocol:
    • Data Top-ups
    • Premium Subscriptions
    • Customisable Plans for Business Clients
    • Marketplace Trading Fees
    • Mobile DID/NFT Sales
  • Value to Kaia Ecosystem:
    • First DePIN on Kaia
    • 300+ Users in 3 days from Launching on Kaia

Business Plan

  • Marketing Strategy:
    • Task to Earn
    • Referrals
    • KOL Promotions
    • Offline Events
    • B2B Collaborations
  • Community Strategy: Airdrops
  • Partnership Strategy: Revenue Share with Partners (sales commissions)
  • Backer: Outlier Ventures as the lead investors for seed round.

4. Industry

  • Market Overview: eSIM market is estimated to reach $20B by 2032
  • Potentials: To become the first decentralized eSIM provider for all Web3 users

5. Investment Overview

  • Term Sheet: SAFT
  • Investment Amount Proposed: US $200,000