BASE.INFO team has interviewed Daehyun Lim the CMO of Donocle project. We have asked the most topical questions to get acquainted with the project and to learn the future plans of the Donocle team.
Please welcome, Daehyun Lim.
Please describe your company/project in 2 sentences.
Donocle is global lottery project using more than 50 types if coins and tokens ad goods. And Donocle has an unique profit distribution system named POS System. User are stake Donocle token in POS System, they can receive profit of Donocle service.
Why did you decide that blockchain should be the basis of your project?
Globla Lottery marketing is growing in size, but exsit low creditbility and and anxiety about rigging. and high lottery commission charge, slow process of prize. So we decide developing Blockchain baesd global lottery project.
Why did you launch the ICO? Was it the only option to collect the funds?
We progress fundrasing through ICO, block deal from VC, quota investment.
Briefly describe your team. Why these people became the engine of your project?
We SportsTOTO system in Tiger Pools. It is the only lottery system the Korean government runs. We are composed of expert developers who worked in online game development fields for about 20 years and we provided the development service in the provider consortium of Nanum Lottery of the Korean government.
Also we either developed or joined in the developing of Everybody’s Marble (Serviced by Netmarble Games), Warms World Party, Operation Flash Point, Dispatch of Army, Fortress. Our IOCP based mass server technology provided over 100K concurrent users and created blockchain such as MIB Coin Blockchain. Above all, our main members are armed with experiences in market analyzing and product designing and service providing.
What are the main centerpiece and the highlight of your project? What will attract the investors' attention?
First of all, investors will receive 10% of total lottery sales through Donocle POS system. This system is not a security token according to the law and our POS system will be used to enable the system. Investors will receive total 50 kinds of coins. Once a ticket is sold, they will receive all 50 types of coins by airdrop. Many people around me are all sick of major crypto coins that rarely gives airdrop. We are going to airdrop dozens of coins every week.
The second is about the trading market. What we realized after listing MIB on global crypto exchanges is that coins/tokens that cannot run a profit business by themselves cannot survive the cryptocurrency trading market. It is impossible to survive only with marketing, good events, mou, loi that they bring to attract investors in the trading market after their public sale. And I doubt if such an artificial value is genuine or not.
After all, it will be the profitability of Donocle that will prove its value. The trading price of Donocle will increase as its winning prize becomes bigger. And we have strong partership. Also we are pushing on making partnerships with lottery companies in national project for our marketing alliance. The purpose is to construct prepaid payment system in places like SouthEast Asia.
What are your thoughts about ICO marketing? Can it be really effective due to all the restrictions and other phenomenas?
Yes. It is necessary ICO marekting. ICO listing, Community build, AD, PR etc. And more important thing is trust in team. How is effort to developing, make a business model etc. Our team have experience develop blockchain project (MIB Coin) and have 20 years of experience in developing various games in Online/Mobile game market.I think calmative developing project is best marketing to users.
Which markets are the most attractive for you right now? Do you take in consideration the USA and other countries with the legal restrictions for the crypto crowdfundings?
There are already at least five similar projects out there. But most of them are designing their structure overly complicated. They are all about buying their lottery tickets using the tokens that they issued. To focus on the utilization of issued tokens, Donocle provides easy access by allowing users to pay coins/tokens that are already circulating in the market, and the Donocle Token itself is used for the proof of our POS (Proof-of-stake) profit distribution system for its usability.
Also our system has C/S environment that is constructed between the lottery server and the clients, and the fairness is increased by transparently disclosing the purchase, deposit, withdraw, raffle, and distribution using the blockchain. We have spent more than 20 years to develop and prove our C/S environment which is now integrated with blockchain technology that brings faster speed, stability, security and transparency.
Let’s go back to the beginning of 2000. Every system that were slow and inconvenience are now all gone, whether it be fun or well-made. The answer is always here for us, a fast and well responding system, that is a hybrid base with blockchain.
Describe your project in 3 years? Will it change something in the world?
Donocle project is an entertainment content in respect of consumption and circulation of the coin market. There is no more long line of people waiting at the counter to win a lucky number, instead someone with interest in cryptocurrency will be the lucky person in this lottery system, that is what Donocle project seeks for. What we wish to see is the first winner after the completion of this project enjoy their blissful time with their beloved people.