BASE.INFO team has interviewed Oluwasegun Fashola the CEO / Founder of SUAPP project. We have asked the most topical questions to get acquainted with the project and to learn the future plans of the SUAPP team.
Please welcome, Oluwasegun Fashola.
Please describe your company/project in 2 sentences.
SUAPP a decentralized idea sharing and rewards blockchain platform aim to create decentralized idea sharing community that will add value to Africa, enhance education and drastically stir up African youths in project development by enabling students to interact and share ideas swiftly and ignite their motivation to learn and develop new skills towards economic growth. This will help them to stand a chance in the world of tomorrow.
Why did you decide that blockchain should be the basis of your project?
Blockchain is a platform that gives freedom for startup projects, a lot of opportunities are springing up on blockchain platform. SUAPP decided to establish on this new technology to bypass restrictions from every side, like financial regulator that might questions reward grants to motivate students / youth to learn and trade barriers on the continent as a result of different currency.
Why did you launch the ICO? Was it the only option to collect the funds?
Yes! We need to raise funds to support our project and create awareness in the crypto community.
Briefly describe your team. Why these people became the engine of your project?
Oluwasegun Fashola is the CEO of SUAPP project, I work and monitor day to day progress of the project;
Abdulsadiq Fatah is the COO, he ensures and monitor day-to-day operation of other team member the project;
Babajide Kayode is SUAPP project development manager while Omuya Emmanuel is the Community Manager.
What are the main centerpiece and the highlight of your project? What will attract the investors' attention?
SUAPP - a decentralized idea sharing and reward blockchain platform is introducing features like financial empowerment, crowdfunding, loyalty reward and idea sharing to solve common issues among Africans.
Platform benefit / solution offers:
1. Creation of platform for students to share innovative ideas among themselves.
2. Loyalty Rewards for platform users and investors to retain their shares of the tokens.
3. Idea marketplace: platform users will be able to monetize their work.
4. Crowdfunding for projects development: Innovative Projects will undergo voting within the community, whereas best project will be listed in the crowdfunding section for community support and donation.
5. Forum/group section will allow elites interest in investing in ideas meet/get connected with less privileged students with skills to propel idea.
This initiation will spring up new developments in the continent, enhance productivity & reduce poverty level.
What are your thoughts about ICO marketing? Can it be really effective due to all the restrictions and other phenomenas?
ICO marketing is good but exorbitant marketing charges is killing startup projects with unique ideas. I think decentralized marketing can solve ICO marketing restrictions.
Why is your project better than your competitors?
Uniqueness of SUAPP is about decentralizing idea sharing and rewards including features like crowdfunding for projects development is enough for SUAPP to be on top of the game among its competitors.
What are the major ways of monetization for your project?
Voting: SUAPP token will be used to vote for projects on the platform.
Crowdfunding: Small percentage of amount raised will be kept for the platform and management.
Employment & services: Platform as an Idea marketplace will provide jobs and services for users, every successful service attract little fee as platform changes for maintanance.
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?
Our focus is Africa for now and to solve common know problems in the continent, we might expand in the future when their is demand for it.
Describe your project in 3 years? Will it change something in the world?
Yes! It will surely change alot because it's going to reduce poverty level. Change and improve mode of education and learning. Improve technology adaptation in Africa and boost productivity.