Quote from: Twinkledoe on April 14, 2020, 07:50:33 PM

Quote from: LeadWallet on April 14, 2020, 07:42:37 PM

Quote from: Ibizugbe1 on April 14, 2020, 06:25:18 PM

The project has a complex innovation. It's not just enough to write a good whitepaper and what the community should expect, the major issue here is getting liquidity for the marketplace and the swapping and coin exchange. I hope these will be looked into.

Don't worry about this. We actually have been thinking a lot about this. I understand that liquidity will be an issue for most new altcoins - but here's why we are confident we can overcome this problem:
1. First of all, we are not a non-profit organization. We are a for-profit company, and just like all for-profit companies, we will try to make money from our wallet services, which will make us profitable.
2. And once we are profitable, we will buy back our own tokens from the open market and burn them. This will easily create liquidity and natural demand for the token
3. Keep in mind that casual crypto users can easily use our wallet with ease, so the barrier entry and the learning curve are extremely minimal. And when we have more and more users in the wallet, we get back to point number 1 and 2 above (larger buybacks when there are more users in our wallet services)

This is a big difference between us and other new altcoin projects. We are not trying to "disrupt" the traditional tech industries. We do not need to be fully dependent on speculative traders to create liquidity for our token. After our wallet app is up and running, we can just focus on getting new users and keep old users in our ecosystem and that's it. When we have more users, the rest is just "rolling ball effect" because we can use our profit to buyback and burn tokens every quarter as we promise in our whitepaper. That alone can easily create demand and create a certain price floor.

How you explain it, is like very simple. But in reality, a lot more complex than that will happen. The first bottleneck is how to get users for your app once it is launched. So many crypto apps out there that you need to compete with. Given that you are offering good features, yet, you need to convince them that your security is great and their portfolio is really secured. And that will take time because they will wait for the feedback from your initial users. Also, you need to address each and every single issue that your clients submitted, in that way, they know that technical support is always there whenever they will encounter problem. It will also help in maintaining your clients if they are satisfied with the support from the team and will also endorse your app if they are happy about it.

Hello there,

You are correct that it's always more complex than how it seems. I will answer your points one by one

1."so many crypto apps out there you need to compete with" - true, but this is also true for every new startup. You can say the same thing to a new blockchain platform, to a new crypto exchange, and honestly, you can even say the same thing to every other industry out there. You can even say it to a new travel agency or a new restaurant (they have to compete with existing travel agencies or restaurants) - but you know what? competitions never stop new players to join the game..This is why we are not trying to create a new market nobody is going to use. For example, if you are creating a market for something that doesn't exist yet, you are basically betting your future into something that you don't know will ever take off.

But when you try to compete in the existing industry (in our case - crypto wallet applications), you know the market exists, and you know there's enough demand for different players. You just need to be sure your wallet application will be used by more users by looking at the competitions. We are quite confident we can get more users once our wallet is up and running, because we have tested majority of crypto wallet apps out there (including the most popular ones) and we are quite confident we will have unique selling points compared to them. We will be as simple as it gets while being creative at the same time (for example, we will have features that are not offered by these other wallet apps).

2. " Also, you need to address each and every single issue that your clients submitted, in that way, they know that technical support is always there whenever they will encounter problem. It will also help in maintaining your clients if they are satisfied with the support from the team and will also endorse your app if they are happy about it" - absolutely. I 100% agree with you. Technical support and customer support will be very crucial for us and our users' experience. We don't want to be one of those corporate guys who never listen to complaints and issues

We are thrilled to announce the upcoming IEO on the Emirex Exchange Platform!

LEAD Token IEO on EMIREX will go live in 5 days!!!

Create your account on Emirex Now!!

LEAD Wallet is a decentralized multi-crypto wallet application, and it is the world's simplest and safest multi-cryptocurrency wallet that is user-friendly for users ranging from novices, intermediates, experienced, and expert crypto enthusiasts. To make the wallet even more convenient for users, the LEAD Wallet team uses the best user interface and security system to simplify the use of the wallet's capabilities across all networks.

⚓If you wanna go for more,
check LEAD Token IEO page on EMIREX:

➡️ bit.emirex.com/tlgleadwallet ⬅️

Sign-up now for affiliate rewards: https://bit.ly/3e5lS8q

#LeadWallet #IEO #5daysleft

We are thrilled to announce the upcoming IEO on the Emirex Exchange Platform!

LEAD Token IEO on EMIREX will go live in 4 days!!!

Create your account on Emirex Now!!

LEAD Wallet is a decentralized multi-crypto wallet application, and it is the world's simplest and safest multi-cryptocurrency wallet that is user-friendly for users ranging from novices, intermediates, experienced, and expert crypto enthusiasts. To make the wallet even more convenient for users, the LEAD Wallet team uses the best user interface and security system to simplify the use of the wallet's capabilities across all networks.

⚓️If you wanna go for more,
check LEAD Token IEO page on EMIREX:

➡️ bit.emirex.com/tlgleadwallet ⬅️

Sign-up now for affiliate rewards: https://bit.ly/3e5lS8q

#LeadWallet #IEO #4daysleft

[moderator's note: consecutive posts merged]