What has been the biggest success in your firm to date?
As a start-up company I cannot yet point to huge performance data or awards, but we are very proud of the fact that during our token sale we have a possible world record in the number of token buyers. 72,000 from 140 countries. Most ICOs get 3,000 to 5,000, we had 72,000. So out of approximately 1,500 token sales, we are number 1. Not bad.?
What has been the biggest failure in your firm and how did you adapt?
Our biggest challenge was driven by our biggest success, the number of token buyers and our difficulties in sending the tokens out to so many people at the same time. Tokens are prepared and sold via specially prepared platforms. We chose one of the market leaders, but it simply failed to cope with demand. It's a bit like when you try to buy a ticket for a hot concert and the site crashes. We had to almost rebuild the platform and it took us several weeks to resolve. Token buyers were naturally upset but there was little we could do until we built a platform that could cope with our volumes. In the end everybody got exactly what they bought, but not before we spent many hours of manpower time to fix a problem that shouldn't have happened.?
What blockchain leader do you admire the most and why?
It has to be Vitalik Buterin. Not only is he a visionary but he speaks common senses. I get the impression personal wealth is the least important thing? in his life therefore he says what needs to be said and does not care what the implications are for the price of the currency.?
If you were to personally invest in just one blockchain firm (other than yours), which one would it be and why?
There are many interesting projects, but I like those that are going to hit the largest number of buyers. One I particularly like is PlayChip which will link many on-line gaming sites so that its users can move their tokens from one game to the next without penalty. Many people will probably have bought an online game and then paid a little extra for a few more lives or a better looking gun?. Eventually you get bored and you give up. That hard earned digital money that you might of won or bought will be lost forever. But Playchip changes that. It can go between gaming sites. That's why Crypterium has decided to partner with them. Tens of millions of users monthly and eventually everybody wants to cash out!
Austin Kimm, IR Director and Co-Founder of Crypterium, is a definitive industry expert and a quintessential thought-leader on cryptobanks.