An Interview with Aleksandr Doronin, ODMCoin CEO

An Interview with Aleksandr Doronin, ODMCoin CEO

Q: Hi, Aleksandr, tell us about yourself
I was managing for 7 years an international distribution company with a turnover of 5 billion rubles. The duties were to manage and to open three branches. After that 1.5 years of work in the Government of the Tyumen region. I’m experienced in modernization of industrial enterprises, foreign investment projects in the oil and gas industry, localization of manufacturing of foreign companies.

Q: Tell us more about your team! Do they all have background of crypto?
The team is not from cryptoindustry, and in fact, we must admit, that it’s a new direction where everybody is still learning, but we have got experienced scientists, engineers, marketing experts as well as advisors in our team.

Q: What inspired you to do an ICO?
The idea of project came from a specific problem, which is a large accumulation of oil sludge on oil fields in Russia. In 2013 we did R&D in search of production formula for processing oil drilling mud wastes into composite material for building roads and tested it on “Rosneft” oilfields. The key point that pushed us to implement the project was the decision about waste treatment by 2030, which is now on consideration in the government. At this very time we started looking into cryptoindustry and the way we could use this new sector to raise money to manufacture the complexes.

Q: How did the idea of ODMCoin come about? Is this something you were doing before?
The abbreviation means “Oil drilling mud coin”. It’s quite meaningful as in fact we plan to make money out of “mud”.
This is not exactly what I did before but I used to work in the Investment Management Department and deal with investors that is why I’m well aware of the trends, market and production.

Q: What is the cap for your ICO and how did you come to chose that number? What do you think of unlimited ICO’s? How much money is too much money to be raised in an ICO?
There is never “too much money”. The goal is to raise $1,400,000 with a hard cap of $1,675,000. It will let us start manufacturing the complexes.

Q: If you successfully crowd sell with your ICO, where will your company be based?
Odmcoin is registered and based in accordance Russian legislation and norms for blockchain technologies.

Q: To what level of scrutiny do you feel ICO’s should be held to?
From my point of view it is absolute transparency at all stages and IT security what is important. And we do our best to provide it.

Q: Do you have a background in conducting due diligence on crowdfunded projects?
We are well informed and keep up to date as well as have a great support working with such advisers as Ludmila Golubkova, Expert in venture capital investments and Digital Finance and Dmitriy Marinichev, the Internet Ombudsman, the member of the expert Council of the “Agency for strategic initiatives” and the General Council of “Business Russia”.

Q: In addition to cybersecurity, what do you feel must be understood when performing due diligence on cryptoprojects?
We use api to pay dividends to our investors and all transactions are committed via blockchain platform.

Q: What is your “bird’s eye view” of the blockchain industry as a whole. From what you’ve seen, what aspects of token crowdsales could be improved?
active advertising

Q: You’re clearly very passionate about the crypto space! Which projects are the most exciting to you?
I can mention ZRCoin project as it is based on real production as well as our project.

Q: What kind of blockchain projects would you like to see in the future?
I would like to see useful projects for real business that can influence our life in a good way. For example our project has to do with real production and is environment friendly. Not only can our region benefit from it, but the whole country as well as the world.

Q: What current proof of concepts has (ICO Name) completed? What projects are in the pipeline?
By this time we have held PreICO, which is a preliminary raise of money, to understand the demand for our technology and to see the interest of investors. In two weeks’ time we raised about$ 200,000, sold 4 thousand of our tokens and closed PreICO ahead of time, as the required amount of money was raised.

Q: What’s in the future for ODMCoin?
We plan to hold one more ICO in 2018. The signed contracts and agreements with the oil companies like Rosneft and Surgutneftegaz make the token a more predictable investment as the project has already secured a demand for many years to come.

Q: Have you talked with any exchanges about their interested in enabling trading of your ODMCoin tokens?
Now the list of future sites where everyone can trade ODMC includes,,,,, We plan to join larger exchange houses, and we expect that this will push the ODMC rate up.

Thank you for the interview.

ICO name: ODMCoin
ICO starts on: Oct, 2, 2017 00:00:00 GMT
ICO ends on: Oct, 31, 2017 00:00:00 GMT
Total # of coins: 25 000, 22 000 crowdsale, 2 500 team, 500 bounty
Official Website:
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