Safein Takes Down the ICO Battle and $250k at iCoinSummit 2018
Our co-founders Vladas and Lukas have just attended the iCoinSummit in Cyprus where pitch battles between 16 ICO projects took place. Safein CEO Vladas pitched our product 4 times to the crowd and the jury, ultimately winning the competition for $250,000 worth of prizes!
Hundreds of people gathered in Limassol, Cyprus for the great quality programme and networking events. Among the audience were startup founders, experts from a range of industries as well as prominent investors in the sphere. iCoinSummit organised a pitch battle where 16 select ICOs were able to present their projects to the audience and the jury, and Safein was one of them.
Following the first day battles where each of the 18 ICO founders took the stage for 5 minutes for a concise overview of what their projects are aiming to deliver, Vladas secured us a confident 2nd place. The next day, an intense series of pitches took place, whereby the founders had the opportunity to present in more depth their vision and ambitions, token metrics and utility, and further delve into product peculiarities to win the confidence of the audience.
Already in the round of Final 8, which was primarily about product roadmaps of the participating ICOs, we were quite sure Vladas could take us till the very end of the battles. Indeed, during the pitch it really showed that our CEO knew exactly where he is taking Safein, and that reflected in the pitch result — Safein was number 1!
We moved on to the semi-finals where 1-on-1 battles took place, and the focus points were the current state of the product and token metrics. As we are well past the MVP stage, especially compared to our competitor Behaviour Exchange, we confidently progressed to the final round securing 65% of the votes.
The finals were quite informal and did not have a specific theme to cover, but our opponent was a really capable contender with a great vision, and they also beat us by 1% in round 1 — a shout-out to Grapevine! Ultimately, however Safein identity management solution emerged victorious over Grapevine’s healthcare data sharing platform!
Following the battles, Vladas and Lukas had the chance to meet with a number of investors from iCoinSummit’s so-called Shark Tank. Safein was awarded with $250,000 worth of marketing services, and we will surely make good use of them with our upcoming token sale!
Our co-founders are now on the way to Blockchain Without Borders Summit 2018 in New York, after which we will be attending Consensus. Stay tuned!
