Reveel
Reveel
July 22, 2024
?Why we chose Reveel
1️⃣ Reveel is a payment omnichain infrastructure that enables one-click cross-network payments, connecting people across borders and networks. And to jumpstart this network of Reveal ID users, the team has launched a full-fledged P2P stackcoin payment app that allows them to (a) collect valuable user data, (b) offer value to Reveal ID from day one.
2️⃣ A very experienced team is behind the product development, having accumulated years of experience at Deloitte, Santader, Metamask, yAcademy, etc., and the CEO has gained deep knowledge of entertainment industry pain points and royalty payments through personal experience at BNP Paribas.
3️⃣ The product being developed has attracted the attention of some very interesting angels and even Binance - the team has raised ~$2M from Binance Labs (Lead), Outlier Ventures (Lead), Moment Ventures (Lead), Poolz Ventures, Pixelynx (Animoca Brands), Sekhar Sarukkai (UC Berkeley CS), Isaiah Washington (CoinFund), Michael Seckler (Justworks), and others.
4️⃣ ChainGPT, Seedify, Poolz Finance with confirmed listings on Bitget and MEXC will officially join the public launch of the project, and negotiations with many exchanges and lunchepads are ongoing.
5️⃣ Well, and most importantly, our terms: KOL Round with a $31.5M valuation and an initial 20% TGE split, which allows, along with the public round, to count on a body chop during the listing.
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? About the project
Reveel's mission is to offer a simple, unique identifier that can be easily integrated into any product (wallet, banking application, social networks, games) to make payments - Reveal ID.
Reveal ID is designed to collect users' personal data (email, phone, social media), web3 data (wallets, ENS) and banking data (accounts, credit cards), as well as user preferences for certain types of transactions (e.g. if I receive USDC, I deposit it in wallet 1 on chain A). This combination of data and settings allows Reveal ID to automatically direct funds to the wallet the user prefers without all the technicalities - no more Ox wallets, chains, transitions, SWIFT or IBAN codes... just tagging someone with a unique tag to send money.
By its initial purpose, the Reveel token will help accelerate product growth by rewarding early entrants to the ecosystem, offering rewards to users who attract paying users, and incentivizing developers and ecosystem partners (airdrops, staking, governance, fee discounts, grant Programs etc.).
Translated with DeepL.com (free version)
? Team
Adrien Stern - Founder & CEO, Adrien achieved success in the entertainment industry by leading the international touring band Najavibes and founding the Swiss reggae label Bridge Music (now Fruits Records). He has produced reggae legends such as Beenie Man, Tippa Irie or Mad Professor and toured Europe's biggest festivals (Montreux Jazz, Eurockéennes de Belfort, Colors of Ostrava), through which he gained an in-depth knowledge of the pain points of the entertainment industry, in particular international royalty payments.
In 2013, Adrien started a new career in banking at BNP Paribas as a project manager, driving digital transformation in the investment banking practice and reporting to a steering committee of senior executives.
With an MBA from ESADE and the University of California, Berkeley at Haas, Adrian gained significant venture creation experience at Deloitte Digital Ventures, Bragi and Haas@Work. He launched Reveal to reimagine global payments, with the goal of allowing anyone to get money anywhere quickly and cheaply.
Harriet Browning - Harriet is a seasoned banking professional with Web 3 experience. With over a decade of corporate and investment banking experience in institutions such as Bank of America Merrill Lynch, Barclays or Morgan Stanley, Harriet is a financial markets expert. She is also an experienced sales executive, having served as Head of Institutional Solutions in the UK and Ireland and provides structured solutions to clients with combined revenues of over $1 billion.
She later joined Consensus where she had the opportunity to work closely with Joe Lubin and lead large scale commercial blockchain projects in the Fortune 500 Enterprise. While working on Consensys' flagship product, Metamask, Harriet became the Global Ecosystem Strategy Lead, strengthening her extensive network at Web3.
Harriet earned her Master of Laws degree from BPP University School of Law. She is a Techstars mentor.
Tirtha Sarker - Tirtha started working on blockchain products and DLT technologies in 2017 as a full-service engineer. He quickly joined Wipiway, a California-based Web 3 development agency, as a smart contract developer building NFT trading platforms, token launching platforms, and an onchain movie studio.
He honed his crypto-security and auditing skills as a research fellow at yAcademy, a “blockchain security collective” made up of leading smart contract developers and auditors.
Tirta is a well-known technical writer, with his articles published in tech publications such as Hackernoon. He holds a Bachelor's degree in Information Technology and Engineering from Techno India College of Technology.
? Investors
Currently the project has raised ~$2M from Binance Labs (Lead), Outlier Ventures (Lead), Moment Ventures (Lead), Synergis Capital, GTS Ventures, Jets Capital, Poolz Ventures, Pixelynx (Animoca Brands), XVC Tech, ACME Innovation (Warner Bros Discovery), Sekhar Sarukkai (UC Berkeley CS), Isaiah Washington (CoinFund), Michael Seckler (Justworks).
Another $1.5 million is planned to be raised at the public sale.
? Token Metrics
Total issuance: 1,000,000,000,000
Network: ETH
IMC: ~$3.5 million.
FDV: $35 million.
Seed Round: FDV $6-15M, vesting: 0% TGE, 12mo cliff, 36mo vesting
Strategic Round: FDV $30M, vesting: 5% TGE, 6mo cliff, 12mo vesting
KOL Round: FDV $31.5M, vesting: 20% TGE, 1mo cliff, 9mo vesting
Private Round: FDV $31.5M, vesting: 20% TGE, 1mo cliff, 9mo vesting
Public Sale: FDV $35M, vesting: 20% TGE, 1mo cliff, 6mo vesting
Our round:
KOL Round: FDV $31.5M, vesting: 20% TGE, 1mo cliff, 9mo vesting
Awesome terms - unlock like a public and score like a private! ?
? IDO and TGE
Date: Sept 2024
Exchanges: Confirmed - Bitget, MEXC, Bitmart; Negotiated - Binance, OKX, Bybit, KuCoin, Gate
Launchpads: Confirmed - ChainGPT, Seedify, Poolz Finance, TrustPad; Negotiations - PAID, Polkastarter, Decubate, Ape Terminal, Finceptor, Impossible Finance, CoinList.
With metrics like these and top lunchepads, getting an extra $1.5 million to the project shouldn't be difficult.
? Official project resources:
Website | Twitter | Discord | Telegram