Successful Completion of FYN Presale and Launch of first series of projects to be listed on FYN
Today, we would like to share news on the completion of our FundYourselfNow (FYN) Presale and the first series of projects that will use the FYN platform exclusively to launch their crowdsale.
Our presale closed 13th June 11am (UTC+8) and we are raised over 430k USD during the presale period. We are grateful for all the support you have shown so far.
To kick off our public crowdsale, we are very excited to share the first series of projects that will be eventually launched exclusively on our FYN platform, leveraging on the crowdfunding ecosystem provided by us:
Style.Me (style.me)
As a fashion-tech company, Style.me is on a mission to disrupt ecommerce with revolutionary technology. Their engaging virtual styling platform allows shoppers to customize their own 3D avatar, create looks and try-on outfits.
On top of that, with Style.me’s scanning rigs, retailers can now easily digitize their collections through a rapid and accurate garment scan.
This helps retailers to easily manage items, publish products, and access data from their content management system. While your business is able to reduce returns, boost conversions, increase shoppers and use real-time business intelligence.
The project is backed by Nogle, a leading Asia Venture studio based in Hong Kong and Taiwan. We are in discussion with Style.me on how they can tokenize their product and platform. Some ideas floated was that Style.me token holders can either hold the rigs themselves, or let style.me manage the leasing of rigs to retailers, who will then pay the token holders the revenue collected minus management fees.
The leaseback business model has been is used widely in real life such as the aerospace industry, in recent ICOs, such as the upcoming Primalbase ICO.. Another idea is that token would be related to the number of try-ons when a shopper uses the application on all e-commerce sites Style.me is available.
Les Petits Gaulois (www.lespetitsgaulois.com)
Les Petits is a premium French Kindergarten that serves the expatriate and local community in Singapore. It first started in 2015 and has since expanded to 2 schools with over 20 teachers. The founder of the Kindergarten is a native French, who has 20 over years of teaching experience internationally, with her last stint running French Kindergartens in china. She is currently seeking funding to support their kindergarten expansion plans to meet increasing demand for premium pre-school education, which is a highly profitable business in Singapore.
Details on the how the crowdsale token will shared later, but it could work in a similar fashion to Zrcoin, where the company will commit to buy back all the tokens after a certain period of time.
These are a few of the first series of projects that will be exclusively crowdfunded on the FYN platform! We have currently many more projects under discussion in the pipeline that we plan to share with the community in over the next few weeks. For more updates, do check it with us soon!
