My Crypto Mine wallet and debit card delivering millions of influencers and crypto enthusiasts to Harmony

Funding Proposals Investments
1

My Crypto Mine wallet and debit card

Proposal overview

The wallet and crypto card that delivers millions of influences and enthusiasts to Harmony

Series 1 Project Funding Proposal

Proposal Summary

My Crypto Mine is to be built on the Harmony Blockchain supporting multi chain cryptocurrency trading, spending, round ups, and back-end staking and pooling with the best security available so that big time investors can ride the gains with total confidence.

My Crypto Mine will deliver social influences, high net worths, crypto enthusiasts, and the mainstream masses to Harmony in predictable large numbers based on the 105,000 subscribers who we already have confirmed via The Cheeky Crypto YouTube channel, and we expect to hit 260,000 subscribers in the next year.

We are requesting $250,000 of One Coins in funding from Harmony, which will enable us to develop the wallet and debit card, and to deliver one million important users to the Harmony Blockchain and in the process raise the awareness, intrigue, and excitement of what Harmony can deliver to the mainstream masses.

Harmony and Beyond

We believe that the Harmony Blockchain can bridge the path to take the blockchain, crypto currencies and the metaverse to billions of global citizens who have yet to engage with the crypto currencies, the blockchain or the Metaverse.

The My Crypto Mine wallet and debit card have been designed to be multi chain so to be as inclusive as possible encouraging the diverse range of coins and exchanges to link to Harmony.

My Crypto Card has a round up option and ease of sign up so the mainstream shoppers can use the wallet and debit card to shop in store and online, as they are already very comfortable doing this with their Fiat debit cards. The round up feature will be boosting their own personal crypto mine; with the app beautifully highlighting the users gains with dopamine releasing effects as their wallet increases in value. The staking and pooling behind the scenes will also boost the user’s personal mine displayed in the My Crypto Mine wallet and app.

Delivering Numbers

The My Crypto Mine team have the specific knowledge, experience, and expertise to deliver the million users to the Harmony blockchain based on the Marketing Action Plan which has been developed to deliver definable and predictable user numbers. The delivery team has access and direct engagement with the 105,000 Cheeky Crypto YouTube Subscribers. It is expected that the number of subscribers will rise to 260,000 subscribers within 1 year and each of those subscribers has a network of connections ranging from 25 people to 1 million people; and the Marketing Action Plan is designed to engage and recruit the social influences and celebrity subscribers who the My Crypto Mine delivery team already have direct personal relationships with, and through them we can engage the wider subscriber population. We then go via their networks to reach their followers and contacts. Examples of the high-profile influencers we can bring to Harmony includes Gene Simmonds (Musician), Zach Boychuk (Ice Hockey Star), and Rebecca Grant (Broadcaster) who have a combined following of 2 million people. We have access to influencers and high net worths across the globe.

Delivering Security

Crypto Currency investors are rightly concerned about being hacked and losing their well-earned investments so the My Crypto Mine wallet and card will utilise the excellent work already completed by the Harmony and 1Wallet teams. We have been impressed with the 1Wallet’s use of the 6-digit Google Authenticator set up process, and the innovation of Social Recovery via family and friends’ devices being guardians; and the 1 for Safety algorithm is a much needed security feature we want to utilise for the My Crypto Mine security protocols to be built onto the Harmony blockchain.

Delivering Compliance

Compliance and security are at the core of My Crypto Mine achieving mass market user confidence which is why gaining the Financial Conduct Authority license for the wallet and card is a key deliverable for the Series 1 funding round.

My Crypto Card will be badged with Visa or Mastercard to be accepted online and in bricks & mortar shops, hospitality, and service venues. The debit card will be fully compliant with the Financial Conduct Authority (FCA) regulations to provide compliance assurance and to give consumers, businesses, and all stakeholders confidence.

Delivering Funding

My Crypto Mine has successfully delivered the Seed Funding round which enabled the Research and Development work, the Business Case viability development, the brand creation, and trademark filing in the UK and preparation of the USA trademark confirmation.

The Series 1 funding is targeting $250,000 in Harmony One Coin tokens to enable delivery of the phase 1 brand and web infrastructure, the phase 1 wallet application development, the Financial Conduct Authority (FCA) Licences necessary for the financial products wallet and card, the organisation and brand set up costs, the legal costs, and the delivery team costs to deliver the Series 1 objectives.

Delivering The Proposal

The Executive Team which has delivered the Seed Objectives includes four key professionals;

Lee Thomas - My Crypto Mine – Founder and CEO

Lee has founded and led many companies with his excellent entrepreneurial mindset. Over the last few years Lee had led and delivered large multi-million-pound business and IT transformation programmes and projects for private and public sector organisations through his own boutique consultancy company MBC Ltd, these have included Capital One Card (US, Europe and UK), Target Financial Services, Walgreen Alliance Boots, EON and Barclaycard to name just a few. Lee is also the founder of www.trademarksforyou.com, which is a trademark and intellectual property registration and management company.

Chris Regan – My Crypto Mine – Founder and CMO

Chris is an entrepreneur with a track record of supporting business growth with his forward-thinking approach to business. Chris has a background in sales, project management & business development. Chris recently started the popular crypto based YouTube channel “Cheeky Crypto” with his brother Nicholas which covers blockchain technology and chart technical analysis daily which has seen phenomenal growth in just 12 months with over 100,000 subscribers to date.

Nicholas Regan – My Crypto Mine – Founder and CTO

Nicholas is an entrepreneur and has been building businesses since he was 16 years old, and he has a background in business analytics & business development and has been involved in the crypto space since 2015. He recently started the popular crypto based YouTube channel “Cheeky Crypto” and with his insightful knowledge and insights and on-screen presentation of forward thinking blockchain technologies and chart technical analysis on a daily basis delivering the amazing growth in subscriber numbers to top 100,000 subscribers in just 1 year since launching the channel.

Guy Williams – My Crypto Mine – CAO

Guy is a highly rated and effective strategic thinking business analyst and marketing professional with 20 years of career success in Corporate, B2C, B2B, and start-up businesses. Guy has researched, developed, and delivered business cases raising in excess of £1.8 billion in funding. Guy is also an experienced Risk and Compliance specialist having delivered Fintech IT compliance programs for global clients where value engineering strategic objectives sets Guy’s delivery apart from the average Business Analyst. Guy is a serial entrepreneurial with strategic vision having founded and developed many start up businesses.

The delivery team for the Series 1 funding will also include a team of developers who will be recruited when the funding is secured.

Delivering Success

The Business Plan and Financial Forecasts to deliver the Series 1 Objectives are available upon request and they include the Market Analysis, Competitor Analysis, Marketing and Promotional Plan, Delivery Plan, Risk and Compliance Plan, and 3 Year Financial Forecasts including the full cost plan for the project.

Proposal ask

$250,000 in One Coins

Metrics for success

The following Project Milestones are taken from the 3 Year Forecasts based on the starting point of 105,000 subscribers.
Transactions v2

Note; The number of users signed up to the wallet is the cumulative number of users we will sign up to the My Crypto Mine wallet based on recruiting 3% of the subscribers who we can reach and engage. The total value of wallets is based on a $405 average debit card spend per month of debit card users with the transaction fee being 0.6% of debit card spend.

The numbers are forecast to conservatively low based on the potential size of the population so we can exceed the plan and expectations.

External links

[My Crypto Mine Funding Proposal Presentation Deck]

3 Likes
2

This looks awesome, this would be an amazing 1 Wallet collab also.

Is it too much to ask to be able to make debit payments with crypto without having to use shady exchanges? :joy:

It’s nice to see a decent funding proposal from people with the ability to give the project the exposure it needs as soon as it hits the shelf, Chris Regan is the reason I got into Harmony protocol in the first place. If you get this project working, please allow people to get customizable Harmony branded Debit Cards :joy:

Best of luck with this. seems exciting.

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3

@giv @Jacksteroo @lij @Sam

Hi guys, I think this proposal might have been missed with the timing due to the holidays.

Make sure you guys see the presentation deck in the external links section. Interesting stuff.

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4

Sounds like an interesting implementation for the 1wallet. I would personally love to own a Harmony ONE debit card as Harmony is such an inspiring project that will really impact the world. To be able to be able to use the project to actually pay things with would be awesome.

Would love to see this idea being further developed.

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5

Thank you, will review this week :+1:

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6

I think this is a great idea, however I think “big time investors” and smaller investors (like myself!) would like the wallet and even the crypto card. If you can change that part in the summary part I think it would make the proposal much more friendly to everyone.

I hope the team is able to get the funding they need and develop the proposal further. Good luck!

7

We understand this is a major effort and the business proposition is strong. We also usually do not make investments unless there’s a lead investor identified and proof-of-concept built. For investments:

Tokens of each investment are on-chain and semi-liquid. Harmony helps evaluate technical strengths, market potentials, and ecosystem alignment. We recommend $250K-$1M for each check at maximum $10M valuation, collaborate over events and campaigns, and rebalance portfolio quarterly to diversify.

For Partners,

Owners of each partner drive business and corporate development. Harmony commits to cross-chain adoption with industry-leading projects. We recommend $3-5M for each liquidity or marketing campaign over 6-12 months, $5-10M for each acquisition of small teams, and $1-3M for seeding a regional or thematic subsidiary

This proposal fits best to the Launch grant based on the guidelines at Apply for Grants or DAO

Applications of each launch must have prototyped a feature-full product. Harmony helps incubate these founding teams with product development, fundraising, and talent recruit.
We recommend a $50K equity-free contribution each:

$10K after launching a feature-complete product on our testnet,
$10K after forming a DAO with 5-out-of-9 multisig with our DAOs,
$10K after launching on our mainnet with audit,
$10K after 1K daily active users (with launch video, full PR promotion),
$10K after 10k daily active users (with a detailed roadmap, governance process).

Moreover, we recommend a 5-out-9 multisig account on Gnosis Safe with 3 governors from the project team, 3 governors from the project community, and 3 governors from Harmony DAOs – namely, ONEcommunityDAO, ONEdeveloperDAO, ONEincubatorDAO.

In all cases, we ask for 3-month exclusive campaigns with Harmony before more porting with other chains. We also offer follow-on investments – see 50 Investments ($20M) above; but, at the moment, you must have an outside, lead investor for us to match the funding terms. All codes, development materials and production assets must be fully open, preferrably with MIT or BSD licences; weekly updates must on sent on forum; and, all server deploys or mobile apps must be easily clonable.

Can we agree to the above terms?

8

Hi Jack, thank you for your comments. We do not currently have the funding to produce a full feature prototype so we are asking for your support to get to that stage. We really want to work with Harmony so could you provide the support to help us produce the crypto wallet prototype? To build the full feature wallet prototype we would need $50k in One Coin funding or maybe you could support us by providing the technical resources to fork the 1Wallet? We’re really hoping we can find a way to work with Harmony on this. Best, Guy

9

@GuyMyCryptoMine we can provide the $50K Launch grant using these metrics, will this work?

and yes we can connect you with a 1Wallet engineer

10

Thank you for those metrics; we’re just bringing together our internal team to discuss what’s required for the DAO , the road map, and the governance so we can confirm we can achieve those metrics.

And yes please do connect us with a 1Wallet engineer; that’s really helpful; thanks Jack.

1 Like
11

Checking in again, curious to know where we stand here? We can discuss bringing in the integration details later on.

12

Hi Jack,

We’ve been discussing the funding offer metrics and we have a problem with the second point; “forming a DAO with 5-out-of-9 multisig with our DAOs”; this is because we are private limited company and this is a major project for us so we cannot give up majority control over decision making via 5-our-of-9 signatures. This means we cannot accept the funding on this basis.

We still want build on Harmony and to deliver the proposal with the initial support of a 1Wallet engineer to help us fork the 1Wallet. Can you provide us with the contact details for a 1Wallet engineer? Thanks.

13

You can still create a multisig wallet without a DAO, and with members of the private limited company be majority members of the multisig wallet.

You can contact @aaronqli for any 1Wallet questions

14

Hi Jack, that’s great news; thank you! the funding metrics based on the change you just proposed are now acceptable to us so we can proceed with the funding proposal and we accept the funding offer based on those updated metrics.; fantastic!

Is there a formal process we have to follow now to accept the funding proposal? And what are the next steps?

I’ve already reached out to Aaron Li to support in forking the 1Wallet so thank you for that contact.

16

I failed to highlight that this is a requirement for a Launch grant. Do you have something developed yet?

17

Unfortunately, your proposal is not ready for a Launch grant based on the guidelines at Apply for Grants or DAO due to the following reasons:

Applications of each launch must have prototyped a feature-full product. Harmony helps incubate these founding teams with product development, fundraising, and talent recruit. We recommend a $50K equity-free contribution each:

$10K after launching a feature-complete product on our testnet
$10K after forming a DAO with 5-out-of-9 multisig with our DAOs
$10K after launching on our mainnet with audit
$10K after 1K daily active users (with launch video, full PR promotion)
$10K after 10k daily active users (with a detailed roadmap, governance process)

We hope you continue to build on this concept and circle back when it is ready to be discussed further. Thank you for choosing Harmony.

18

Hi Jack, thanks for the message; yes we’re busy working on how best to produce the feature-complete product on the testnet so we will certainly circle back to you when we have the product ready on the testnet.

Thanks
Guy