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Eyal Hertzog

๐Ÿ‘ค Speaker
152 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO

So the foundation... Which is what you're part of?

SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO

So, yes, the foundation is the Swiss foundation.

SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO

It's called B Protocol.

SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO

And this is the foundation that got the proceeds from the crowd sale.

SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO

And the foundation actually sold 50% of the token.

SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO

And with the other 50%, it kind of have like different buckets.

SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO

For example, 20% is keeping for long-term budget.

SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO

So, you know, in a few years, if it needs more money, it can sell those.

SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO

20% of that is for other community members like BizDev and partnership and bounty program, which is a very big deal with crypto to have like a bounty program.

SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO

A lot of people like working for crypto.

SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO

Not exactly miners, because miners is something that you kind of need when you run your own blockchain.

SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO

But we are running on top of Ethereum blockchain.

SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO

So our miners are Ethereum miners.

SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO

We don't need our own miners.

SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO

But the bounty program, what it incentivizes are several, for example, bug bounty for people to find bugs in your software.

SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO

Oh, interesting.

SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO

Or social media bounty.

SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO

Yes, that's one example.

SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO

There's a bounty for translation.

SaaS Interviews with CEOs, Startups, Founders
787: Crypto: With $163m Raised, He Launched the #1 ICO

There are people that everything that we write is translated to like 30 languages and people are