Recap of Livestream AMA: RioDeFi x Poolz x LABS x Lepricon

Mar 16 · 9 min read

Following the recent partnership​ between RioDeFi​ and PoolZ to act as a doorway to each of the projects hosted on RioChain​, the ability to conduct its IDO​ on the Poolz LaunchPad. We decided to organize an AMA with PoolZ’s CEO Guy Oren, LABS’ CEO, Yuen Wong, Lepricon’s COO Stephen Browne, RioDeFi’s CEO James Anderson, which was moderated by Katerina Volkova, VP at RioDeFi to talk further about fundraising activities in the DeFi space, the role of partnerships and ecosystems as well as the rise of LaunchPad.

In this article, we are covering the key topics during the AMA. The entire video including the Q&A with further details regarding the IDO on Poolz LaunchPad can be found on our YouTube channel here.

Introduction to the panelists

Katerina Volkova — RioDeFi

Question: RioDeFi is looking to bridge traditional and decentralized finance and participate in the mass adoption of cryptocurrencies. Poolz aims to provide more liquidity to dApp owners and simplify the raising funds process. LABS ambitions to make the property an asset class available to all with a min investment ticket of $100. Those 3 projects are disrupting the financial model as we know it. At which point did you realize you could provide a solution and what made you take the necessary actions to set up your own business?

Yuen Wong — LABS

I have been in the crypto space since 2017 and prior to that, I was involved in e-Commerce so I always believe in the digital economy. And because I was a partner in exchange so I tend to get in touch with a lot of projects. Coming into blockchain I start to look at how blockchain can change the real estate industry’s main key pain points such as high entry barriers, high transaction cost, and difficulty in cross-border investment and management. We believe blockchain can change this, that’s how we are partnering with RioDeFi since they believe the same ideas with LABS

Stephen Browne — Lepricon

Our CEO Joshua and I have been in the blockchain industry for four years. In that time we’ve seen a lot of gaming projects attempt to marry video game mechanics and the inherent benefits of blockchain, we felt they always came short of the mark and so much more could be done. With Joshua’s 25 years of video game space and combine our collective experience in blockchain we decided the time was right to do something in this space that could make a difference. And then we became familiar with James and the whole RioDeFi team’s effort in bringing the benefits of Rio to the blockchain space could fit with what we were trying to do with Lepricon. Which RioDeFi’s low transaction cost and high transaction speed work very well in video games.

James Anderson — RioDeFi

I’ve been in the blockchain space since 2013, where I bought my first bitcoin in 2013 and got full-time in the space in 2017 when I ran a business called Blockchain Investor teaching people about crypto investments. Back then it was the height of the ICOs, where there are lots of just trying to grasp money quickly. The thing I like about Poolz specifically is there is due diligence on projects bringing people on. When it comes to RioDeFi, we saw this need in the market wherein order for other tokens to really thrive, you can’t be spending 25 dollars to send a token. If you are a person in southeast Asia and just want to spend 100 dollars on real estate or 5 dollars on playing a game, you cannot do that when the transaction cost is 20 dollars. So this was one of the key reasons we created RioChain to be based on the substrate because we think the Polkadot network is absolutely the future of blockchain interoperability. So we are really excited to bring blockchain to the masses to make it simpler, more scalable, and more sustainable with lower transaction cost and fast speeds.

Guy Oren — Poolz

Over the last few years, we saw the growth of the DeFi industry and the ecosystem involved in every fundraising. It’s not about raising one million dollars, it’s about small amount with huge community behind you that helps you to increase the process during the time. This was the first idea of PoolZ — how we can use the ecosystem in order to accompany to increase budge for the fund trading and provide benefit to our token.

We saw the changes over the past few months, and right now in PoolZ we are very focusing in the ideal solution and we are happy to collaborate with RioDeFi projects like Lepricon and LABS.

Poolz and its dynamics with its competitors

Katerina Volkova — RioDeFi

Question: As Poolz is specialized in providing solutions for projects to organize their IDO. However, since you are managing a launchpad, how did you organize your own public token sales, manage to work with your ‘’competitors’’, and get supported by them?

Guy Oren — Poolz

There is number of competitors in the market and they did a great job. And even sometimes they can add help to us because when you have competitors and great funds in the market, you can take the achievement to your home.

And by now in terms of the public sale, we provide fully cost-effective solution. As we are working with RioDeFi which supports Ethereum projects and Polkadot projects.

Katerina Volkova — RioDeFi

Right now it’s the year of cooperation when projects are supporting each other even if they are competitors. And that’s really cool and I think that this is going to be a great change and a great step forward in comparison to 2017 when projects were so selfish and they were just going by themselves and that was probably one of the reasons why blockchain slightly collapse in 2017.

How LABS & Lepricion work with Poolz

Katerina Volkova — RioDeFi

Question: Both LABS and Lepricon chose to raise funds on Poolz. The idea of using a launchpad is to raise extra funds from retail investors who get preferential prices before a token becomes public. The number of participants is limited and they must fill up some specific requirements. LABS organized 3 pre-IDO including one on Poolz. Pat, can you take us through the process and share some data such as the amount raised, the number of participants, and if the results were aligned with your expectations? Joshua, what are your expectations with your coming pre-IDO on Poolz and other platforms?

Yuen Wong — LABS

The first time I had a zoom conference with Guy Oren, I thought this guy must be very snappish. But he turned out to be very easy-going, totally professional. And I believe that what PoolZ should be.

I did come across other launch pads, and the owners were not easy to deal with. They always ask for the market cap and think it’s too high for the community without knowing our projects, its dynamic. Because the initial market cap is only a part of the equation, it’s not everything. We need to look at the traction, the team, concept and what industry it’s addressing, what are the pain point.

So we got a chance to explain these to Guy Oren and he likes the idea, he’s always accessible. Everything was so easily handled and professional.

Stephen Browne — Lepricon

I think what Guy has created is just solving one of the problems in the industry, mainly being that there are many projects out there for the regular person who is interested in the space and wishes to participate in something.

Whether it be something real estate related or something video game-related or something separate. It’s very hard to go through the discovery process because of the number of projects both good and bad.

Unfortunately, I think we can all agree of scammers and fraudsters running projects in order just to drain people of their money, so the regular person when they want to get involved, it comes up against these type of problems.

So what he has created in PoolZ in my opinion is primarily solving that on the buyer’s side. That it gives people a trusted source of projects that they’re bringing to his community, and that have been vetted that they know are run by real people with real passion, real teams that are pursuing something serious.

And our idea is to go live on Poolz on Wednesday the 17th at 4 pm UTC, which is about midnight here in Hong Kong. And now we’re super excited about it. We have a hundred thousand US dollars worth of our token up for grabs and through the different membership tiers that the PoolZ operates.

We’re just really excited to engage with Poolz’s community. So we’re absolutely thrilled and really looking forward to Wednesday.

RioDeFi and its ecosystem

Katerina Volkova — RioDeFi

Question: James, RioDeFi is building an ecosystem and will offer products and services as well as access to external dApp built on RioChain to its users. For now, RioDeFi has incubated 3 projects: Mantra Dao, LABS, and Lepricon. Please could you share why you choose those projects to be part of your ecosystem?

James Anderson — RioDeFi

We’re super happy to be connected with PoolZ and Guy for the launch pads. Because it’s something that the industry has really needed. I think for a while, there are a few different options during 2017 and beyond.

But they were often times very expensive, it could be hard to get a connection onto those.

I think with Poolz, one of the great things is you have this large community of users that all have what Stephen mentioned different tiers of affiliation with the platform. They tend to be quite excited about the project and so they share information with their various communities.

It’s a great way of aligning the incentives. Because you have this platform for fundraising but also the people that purchase tokens through that platform are usually quite incentivized to promote the project. And then they get really excited about it they start talking about it. There are lots of cross-pollination between these telegram groups, Twitter, followings of these various

companies and so it ends up being a great way to sort of growth hack the ecosystem and really get the word out to many new users of these various decentralized applications and blockchain platforms. So, I think it’s a really nice innovation to see this year, and just quite excited about it.

So we’re very happy to partner with Poolz to help other projects within the RioDeFi ecosystem.

Because we’re incubating quite a number of projects these days, so we’re very excited for LABS to have their initial offering later this evening. We’ve been working very closely with the LABS team. We have been very happy to work side by side and also with Stephen and Joshua with the Lepricon team.

These are great guys and I see them on a weekly basis. So it’s really great to have these kinds of platforms to help do the due diligence, making sure these project teams are real, the appropriate token models, and things in place.

I’m glad to see space is maturing in that direction now. It’s great to be partnered with Poolz.

About RioDeFi

RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Our vision is a world in which everyone has access to decentralized financial (DeFi) services.

We develop solutions that connect banking institutions with blockchain systems. Our applications enable lower transaction fees, faster confirmations, more efficiency, better returns for savings account holders, and global reach.

To learn more about the latest developments regarding RioChain, visit:

Should you have any questions, please join the conversation on our social media, Telegram and Twitter.

About LABS

LABS is a digital investment platform that provides access to fractionalized property ownership and enables the continuous trading of real estate assets-backed tokenized shares on a regulated security exchange.

LABS uses blockchain technology and smart contracts to ensure complete transparency over a borderless ecosystem where property developers and investors can interact seamlessly and with unprecedented efficiency.

Real estate and blockchain professionals have brought together their expertise to devise an ecosystem of services that make property investment more accessible, more secure and more liquid.

LinkedIn | Website | Telegram | Twitter

About Lepricon

Lepricon is a community-owned and governed prediction games platform that allows stakers, developers, and gamers to enjoy the benefits of DeFi in a gamified way, backed by a vibrant community in which all participants receive rewards for positive contributions and interactions.

Lepricon is a Decentralised Autonomous Organisation (DAO) — an organization represented by rules enshrined in computer code; transparent and controlled by the network participants and not by a central authority.

For further information, please visit

LinkedIn | Website | Telegram | Twitter

About Poolz

Poolz is a decentralized cross-chain IDO platform built on top of Web 3.0 infrastructure to enable crypto projects to raise funds before listing. The Poolz platform has already integrated with many different blockchains and is in discussions with more than 10 of the biggest blockchain networks.

Follow the latest updates on Poolz and Poolz IDOs here:

Telegram | Telegram Announcements | Twitter | Website | Github | Discord


The next frontier of finance


RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Our vision is a world in which everyone has access to decentralized financial (DeFi) services. We develop solutions that connect banking institutions with blockchain systems


Written by


The Next Frontier of Finance


RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Our vision is a world in which everyone has access to decentralized financial (DeFi) services. We develop solutions that connect banking institutions with blockchain systems

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store