Amazing 6 weeks for MoneyRebel!

After PRE-ICO highlights by MoneyRebel CEO

Wow! What an amazing six weeks! After successfully closing our PRE-ICO campaign with € 2,327 million raised we have immediately started to deliver on our promises to each of our 1019 supporters. The decision to split the fundraising process into 2 phases — to deliver the first milestone product first, and to continue with the ICO phase afterwards — has proved to be 100% right! Result? After only six weeks we have a development team in place, functional specification confirmed, market strategy developed — and even more funds than we raised in pre-ICO phase!

Let us start with the team

We all know the team is the most important asset of each startup. We have put all our efforts into getting the best team possible. We’ve had a good core team even before the crowdsale, but in the past six weeks we have managed to attract some of the top experts — Goran Bosankič from Croatia as Product manager and Nataša Japelj from Slovenia as CMO. Today MoneyRebel has an excellent team of 30 people working on the project! Some of them are with us full time and some of them part time. Our team of highly expert developers come from home country Slovenia (46%) as well as from abroad (54%). We are still looking for 3 highly experienced people, 2 developers and one personal finance expert who will take place as the Executive secretary in Investment Board. On top of that, we are looking for sales representatives for our main target countries in Western and Eastern Europe. Have you got an extremely good network and you could recommend top ones? Let me know and we’ll check them out.

Strategy to build bridges

We are focused to build a bridge between the fiat and crypto worlds, between clients and advisers. That is why we are building a network of wealth management and advisor companies throughout Europe. We are carefully planning the events we will attend in the upcoming months.

We want to share information about the revolutionary rebellious MoneyRebel platform with all people and all around, but the fact is that prices in crypto media and events are incredible high, and each day rising! Not reasonable enough for us that have the wealth management in our blood, believe me. Why? Because we are handling your money the way we handle our own, with most care and precaution! We made our communication strategy the rebellious way… will let you know. The best part of it is that if you are good, you are invited to the best events as a guest. Like the one in Davos — we can already confirm that we received an invitation (not a paid appearance!) to join one of the biggest conferences in Davos, Switzerland in January 2018. Besides, we will present MoneyRebel at the biggest personal finance event in Slovenia, the 4th Day of financial literacy, organized on 17 January 2018 by Institute Vem, da ne vem (I know that I don’t know).

MoneyRebel Beta will be presented in March 2018!

Regarding the product development — in the past six weeks we have made huge steps forward:

Now we are starting with development of the back-end, but also the design and user experience. The next steps are going to be big:

1. First presentation of design in the middle of January 2018.
2. Event for our supporters to give them a chance to participate in the development of the product.
3. Beta version presented in March 2018.
4. Production planned before summer break.

In the meantime, after the presentation of beta version, we will launch the ICO campaign and list MRP tokens on one of the most respected exchanges.

Financial regulative compliance

One important task is also to obtain the license for PSD2, PISP that is stated for payment initiative service provider. That is why we held a series of meetings and we established a connection with the regulator — Bank of Slovenia. We will be one of the first, maybe even the first, that will obtain the license under the new European directive that steps into force on 13th of January 2018. Banks are mostly not yet technically prepared to open connections to their databases, so the implementation of PSD2 will follow in months to come. We decided to get the PSD2 license in Slovenia with the EU passport, even though we still plan to acquire the full banking license in Germany, because of the more favourable legislation.

Raised funds — increased!

The funds raised (total of EUR 2,327 million) are invested in 2 different fields, as follows:

Because we will pay for software development services in EUR, we have converted most of the assets into Euros. But we held all the assets foreseen for the crypto arbitrage in ETH and BTC. The value of our crypto assets has more than doubled and it currently stands at around EUR 2.1 million (it depends on the daily exchange course). It is true that most of these funds is trapped because of the parity bug, and that is why we are current not able to use crypto arbitrage. The probability this will be resolved seems high, but hard fork is yet to be done. Most important for our common goal — the destiny of these funds will not change the process or timeline of project development, as the funds for completing milestone 1 functionalities have already been secured. If it should happen the locked crypto assets will not be released as expected, we already have planned for an alternative solution.

Hot news!

We can disclose another surprise. We have also collected, independently of the PREICO, another EUR 1.2 million for fiat arbitrage — this will serve as the first step towards developing the MR Kriptel.de PRO strategy. We had a plan to raise up to a limit of EUR 1 million, but the demand and trust of our customers prevailed. We are already active in the field by harvesting yield from daily changes of the most liquid ETF options. We gained 1 % in the first month, which is high for fiat world where low risks are preferred, and it is in accordance with our expectations. During the ICO we will seek support for additional funds for MR Kriptel.de and MR PRO strategy, which will be upgraded with advanced trading strategies. More on that will be available in the upgraded whitepaper, which will be published by the end of January 2018.

According to these facts, and the fact that the value of most of cryptocurrencies has risen steeply, we will have to adjust the price of our MRP tokens so it would reflect the true value of the company and that the valuation will be fair towards our PRE-ICO supporters as well. That is why we are disclosing that the price of the MRP tokens in the ICO phase will be higher than 0.05 Euro, which was the price in the PRE-ICO phase. The exact formula for calculation of value will be presented in the upgraded whitepaper.

Why are we doing this at all?

I have been asked this question numerous times in the past weeks. It is really exhausting, working all days. I can answer to all of them and you this way:

You must have heard about cases when people are collecting funds for a child to go to abroad for a specific health treatment, or how people have lost all of their money in one of the elaborate schemes. Maybe you have heard a story about a famous sportsman who invested heavily into real estate development projects and lost everything (like Boris Becker), or about all those lottery millionaires who end up after their big win with 96% less cash than they had before?

We are aware of the fact that we can help millions of people to find the way towards their financial peace. We can give them knowledge and advice on how to achieve that money will work for them — and not the other way around. Our solution is conceived for all those who wish to have control of their personal finance and gain financial independence.

Just imagine, therefore, a platform which enables you to have a 360-degree overview of your personal finance, which combines traditional (fiat) money, crypto money and all those assets that are about to come next! If you think that you would need some extra professional help or financial advice, the platform can get you in touch with the best personal financial advisors, rated as such also by other clients. Forget about the numerous applications, papers and sellers who put their own benefit ahead of yours by selling you their own financial product! MoneyRebel brings a revolution and it gives people what they deserve — more money! Doesn’t sound that exciting? It sure does for us — and that’s why we are doing it on the first place!

Thank you for your support!

Have some rebellious holidays and a prosperous new year 2018.
Mitja Vezovišek, CEO