BASE.INFO team has interviewed Adrian Florea the Founder & CEO of Oracol XOR project. We have asked the most topical questions to get acquainted with the project and to learn the future plans of the Oracol XOR team.
Please welcome, Adrian Florea.
Please describe your company/project in 2 sentences.
Oracol XOR platform is promoting crypto currency mass adoption. We are going to the grass root level by developing over simplified methods of adoption and interaction with cryptocurrencies.
Why did you decide that blockchain should be the basis of your project?
We at Oracol XOR believe that blockchain technologies are the future. Building the platform around a currency that is aimed to promote mass adoption of cryptocurrencies was the logical solution.
Why did you launch the ICO? Was it the only option to collect the funds?
Having an ICO was our primary choice for funding few months ago when we were just looking at moving to the next step since a lot of our platform basic infrastructure is complete. However since then we made contact with private investors as well. Our strategy at this time is to launch Oracol XOR on exchanges as of October 1st 2018 and continue securing development seed funds via ICO or private investors.
Briefly describe your team. Why these people became the engine of your project?
Our team members are diehard crypto fans. When the original project announcement was posted in the forum in 2017, I was just exploring the idea of creating this platform. Immediately after that I could see them really believing in this project and that influenced me to continue the process with the core team.
What are the main centerpiece and the highlight of your project? What will attract the investors' attention?
Oracol XOR platform is a very ambitious project and when it wil lbe fully operational it will become a major player in few area.The main focus as I said it will always be to promote mass adoption of cryptocurrencies. We are developing a social media ( similar to Facebook) component that will integrate Oracol XOR use.I will not list here the advantages of having a succesful social media platform and the many ways it can generate income but you get the ideea.
The other main component is developing a mobile phone payments dedicated browser that will be able to function in areas of the world without data connections via Voice to Data technology. Estimates show that there are still 3 billion people using phones without data connections and the only way to to day to day "banking" is by using their phone credits as currency.And here is where Oracol XOR will enter this market.
In order to complement the mobile phone payments component of the platform we are also developing what you can best describe as Oracol XOR convenience cards that will sold in corner stores and will have the capability to be swiped directly in the phone browser via our mobile phone wallets ( this part has already been developed and is accesible ).
What are your thoughts about ICO marketing? Can it be really effective due to all the restrictions and other phenomenas?
I believe ICO will continue for a while to be the main driving force behind start up projects however as the investor are becoming more educated. The cryptocurrencies and blockchain technologies will become main stream I believe that sound projects will thrive and attract the investors attention befor the ICO stage.
Why is your project better than your competitors?
Oracol XOR is taking a look back at the grass root level. We aim to collectively atrract more people to use crypto currency. We would are not defining ourself as competitors with others but rather complementing each other.
What are the major ways of monetization for your project?
At this stage we are exporing the ICO option and possibly private funds.
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?
Oracol XOR is as a global platform.However we will make decisions based on each jurisdiction compliance rules.
Describe your project in 3 years? Will it change something in the world?
Oracol XOR social network will be a fully developed platform for people to interact and use crypto. The mobile payment system and Oracol XOR cards will be very popular as methods of payments.