Merkletree.capital (https://merkletree.capital) is a crypto hedge fund focused on cross-border crypto payment services in the African continent.
Key Total Stats
Registered users: 595,700
Active users: 260,300/month
Unique paying users: 188,000/year
Revenue: $21,000,000/year
Key Points
Focus on the markets of the African continents
Local fiat gateway supports: South African Rands, Nigerian Naira, Ghanaian Cedis
Companies
1) Valr (https://www.valr.com/) is a reward-incentivized cross-border payment platform.
Registered users: 116,000
Active users: 43,000/month
Unique paying users: 36,000
~60% South Africa, Zimbabwe, Ghana, Nigeria), Europe(~ 15% mostly UK), North America(~10 % US, Canada), Asia(15% South East Asia)
Revenue: $15,000,000/year
2) Ovex (https://ovex.io) is South Africa’s largest OTC desk.
Registered users: 145,800
Active users: 78,800/month
Unique paying users: 42,000
Geography: African region(~75% Southern Africa, West Africa, East Africa), Europe(~ 10% UK, France, Germany), North America(~15 % US, Canada), Asia(15% South East Asia)
Revenue: $2,500,000m/year
3) Chankura (https://chankura.com) is one of the few South African crypto exchanges supporting several local fiat currencies.
Registered users: 201,000
Active users: 76,000/month
Unique paying users: 22,000
Geography: African region(~88% Southern Africa, West Africa, East Africa), Europe(~5% UK, France, Germany, Spain) North America(~6% US, Canada), Asia(1% South East Asia)
Geography: African region(~85% Southern Africa, West Africa, East Africa), Europe(~ 7% UK, France, Germany, Spain) North America(~15 % US, Canada), Asia(8% South East Asia)
Revenue: $756,000/year
Objectives
Build the infrastructure by creating custody and wallet solutions of TON for the African continent.
Execution
One-time reward of up to 10 TONs per user for up to 5% of user’s acquiring of TONs
The https://merkletree.capital/ page does not work, there is no contact information and it looks 1 on 1 like a million other pages for tricking old ladies.
Does not apply to other listed sites. It looks like an outright deception, since in 10 minutes I can create such a template and spend 3 hours on the design of the text. Where is Billy’s proof ??
It’s good that the community is against such dubious partnerships. The merkletree.capital site is the worst I’ve seen in the last year. I am sure that all the information provided on merkletree.capital is false. Davidpark11 why did you publish this?
Dear community friends, I wouldn’t rush with conclusions. Would first allow Davidpark11 to present their credentials and proposal once again in a better way.
Assuming you can answer all of the concerns the community members are voicing, you really do need to take a look at the partnering guide before asking for such numbers, especially up front. Free TON Partnering Guide If you take a close look you will quickly understand that even if you provide all of the required links and proof, there is no way to get those kind of numbers up front, and the overall cap is immense for what you are offering. Other than off-chain integration (usually runs somewhere between 20K - 100K Tons depending on complexity… sightly more in extremely difficult cases), nothing else can be considered up front. Everything must be against evident and properly presented/reported KPIs before any following batch of tokens can be distributed. You might want to think about completely reworking your proposal to fit the guidelines and again, please respond to the questions that are being asked. Thank you for your proposal.
Those are the sites that should be referenced with regards to this proposal because TON will be trading on those exchanges/platforms which are highly exposed to massive user base in Africa
Hi, please refer to the other links because https://merkletree.capital is only the landing for their hedge fund which owns the exchanges from the other links.
It is for the custody solution for African market. Neither Surf or Free TON as a whole have any meaningful userbase in Africa, and this partnership provides the single biggest userbase from Africa in the entire crypto industry today.
Do you have a better way to penetrate the African market on mind? In all my research in the African crypto communities in the past 3 years, there is no other business who has amassed such userbase other than Merkletree. Of course, happy to engage with a better business if it exists.
If you are talking about integration cost, 200k TONs for different development work required for 4 independent businesses seem reasonable. If you have a better calculation, please share in the comment so we can recalculate.
I think you’ve missed the point of this proposal. Merkletree Capital is a business that owns the other businesses linked below. The websites that matter in this proposal are the followings:
Every single comment points to this website https://merkletree.capital/ which likely means nobody really actually read this proposal. This website is simply an intro website of the parent company that owns the other independent companies who actually hold the userbase.
I fully support this proposal. Africa is strategic. The only comment is that I think community is trying to operate with 4-5 tokens given away as a maximum even for good paying users. So maybe the below offer could be restructured to give away a maximum of 4-5 tokens maybe for buying less ton crystals than 500.
Geography: African region(~75% Southern Africa, West Africa, East Africa), Europe(~ 10% UK, France, Germany), North America(~15 % US, Canada), Asia(15% South East Asia)
Revenue: $2,500,000m/year
3) Chankura (https://chankura.com ) is one of the few South African crypto exchanges supporting several local fiat currencies.
Registered users: 201,000
Active users: 76,000/month
Unique paying users: 22,000
Geography: African region(~88% Southern Africa, West Africa, East Africa), Europe(~5% UK, France, Germany, Spain) North America(~6% US, Canada), Asia(1% South East Asia)
Geography: African region(~85% Southern Africa, West Africa, East Africa), Europe(~ 7% UK, France, Germany, Spain) North America(~15 % US, Canada), Asia(8% South East Asia)
Revenue: $756,000/year
Objectives
Build the infrastructure by creating custody and wallet solutions of TON for the African continent.
Execution
One-time reward of up to 10 TONs per user for up to 5% of user’s acquiring of TONs