Re: 🎮🔥HyperLoot Protocol — First eSports Monetization PaaS 🔥🎮[AIRDROP][BOUNTY]

I read an interesting article, and in General, in fact only 1% of such projects are successful, you certainly have a cool model, team, but what do you think can negatively affect your project ? and what little things can slow you down ??

Hey, as any company we have a level of uncertainty to deal with. There's a basic layout of risks that we put into 6 categories:

1. Adoption by large publishers. Large publishers may decide to never adopt our technology as providing true private property rights may spark the fear of losing revenues and profits. At the same time gamers may get so used to status quo and so addicted and powerless that nothing will happened short term. Although we believe that long term customer needs for property rights will be satisfied, this may take substantially more time then market estimates.

2. Certain legal risks related to inability to property secure required licenses, as we operate at the cross road of financial services (money transmitter, banking, brokerage) or gambling licenses, risks related to token emission or general operational risks related to absence or weak legal expertise that needs to cover a very wide area from KYC/AML to gambling laws. We are in a process of obtaining full licensing.

3. Technological risks, a certain set of technological advances is related to our project development so one things is the inability to deliver on them e.g scale. However, we do have a competent team and are working on acquiring top advisers.

4. Customer risks are related to our inability to accurately judge or change our products as the needs of our customers change. As we are at the cross roads of gaming, gambling and fintech, customer segmentation and deep understanding is critical to our survival. However, we already managed to create a starter-community.

5. Competitive risks, we have very large companies that operate in the gaming and gambling space, some have unlimited resources. If they decide to attack our products or services they have unlimited resources to do so, which posses great risk so to us. This is soimething we just have to power through and we do have a competitive go-to-market strrategy in place.

6. Execution risks, related to our ability to successfully execute our strategy. Additionally we are flat org structure and distributed, these provides us with benefits but also with additional complexities in executing our go to market plans

at the moment you have any difficulties with one of these categories ?

Hey, we've done an extensive research on the legislation part and are acively obtaining licenses, so legal risks are so far not an issue. As I mentioned our go-to-market is laid outr and we're working on partnerships. In terms of the team and technology there are no bottlenecks, on the flipside, there's a lot of developers wishing to join us. I wouldn't that as a product company we're lkacking anything. I'm super excited about our advisers, but can;'t really say anything just yet!

Why can't DAO pay in Fiat ?

The DAO utilizes the tokens it holds as a development fund. They are meant to be spent for the development of our product stack. We are not a traditional fiat company and are not holding fiat for the most part. We are strong believers in crypto and are sure that this way of self-funding is the eappropriate approach.