Post
Topic
Board Project Development
Re: RingWallet - Wearable Hardware Wallet
by
Ringwallet
on 02/06/2024, 20:02:03 UTC
Quote
and feel free to screenshot this or whatever

Do I have your permission to post our PMs?   You wrote different things there than you are here.

Is this what you're referring to?

That's pretty much the reason I ended up deciding to go the VC route and try to raise money and then just do a normal pre-sale like the other wallet startups. Tangem is about to do one for their ring as well in the coming months I believe.

Anyway, again, I'm happy to provide any form of verification or etc, and on the topic, initially I wanted to run a kickstarter campaign but the reality is it's not really made for crypto products and rather than make a bad launch with little success I figured it's better to just do it like this. Regardless, you have my word (and feel free to screenshot this or whatever - you now also have my socials as well) that we will not be opening any form of contribution/sale/etc whatsoever before 1. We finish a fundraise and 2. We already send an initial batch of products to influencers/youtubers etc for them to review on a camera.

And it's not for any other reason than because I don't really think it would have many chances of being successful without the above 2 points to be honest so yeah, that was the plan regardless. We've already ordered the 200 rings and corresponding 800 Ace Cards that we plan to send to youtubers/influencers; they'll probably arrive around 15th of June which is why I said that earliest is probably late July to launch anything so I have some time to finish the fundraise and so the rings actually arrive to the youtubers etc and they can make video reviews beforehand.

That still stands. We're not opening any sort of contribution/sale/etc. We're raising VC funds, as I stated in our dms as well.

If you're refering to the fact that I said we're in production phase, it's the same as in our dms, when I said that we're already waiting on a batch that we can send over to people for review.

Or maybe you're refering to this?

we haven't done that because I'm in the process of trying to raise funds from some VCs in order to give some legitimacy to the project and wanted to finish this first before we launch any sort of pre-sale or etc.

Actually the main reason why we opened up the waitlist was so we could get an idea of potential interest and just generally be able to get some feedback from potential users in order to maybe make some last-minute adjustments before release.

I can also give you an approximate schedule as of right now; we're probably looking at opening a presale for an initial batch of rings sometime late July and ship them by the end of September but the launch itself might get a bit delayed, because before actually launching the presale I want to make sure that 1. We managed to raise a round and 2. Send out like 100-200 rings to some youtubers or people who would be open to do a video unboxing / review of the product so people can actually see how it works and etc, especially since the whole Ace Card concept is still a bit new and it might be a bit hard for people to figure it out without any examples so I figured making the sure there's some videos of people unboxing / using the ring would help people have a better idea.

But it's the same thing as above. We're raising from VCs as I said in our dms as well. We're not launching a sale.

If you're referring to the comment about giving some legitimacy to the project; both are true. I'm sure having some VCs who back us and did due diligence will probably put some worries at rest.