Q: Hi Oliver, Tell us about yourself
I grew up in Copenhagen, where I played professional tennis through which I gained my initial exposure to, and passion for travel. I went on to the US where I studied Business and Psychology, after which I completed a Masters at King’s College London. During that period, I’ve developed my expertise in technology, and specifically in blockchain and cryptography, developing those professional interests as a Digital Consultant.
My formal bio:
As CEO of Pally, Oliver is leading product vision and strategy. As a seasoned member of the Blockchain community, Oliver has been actively involved in the technology and is passionate around the prospects of applying blockchain technology. With years of FinTech, digitalisation and technology consulting experience as well as an academic background in Behaviourism and Information Technology at world leading universities, he brings a determined mindset, a hard-working attitude and a multicultural understanding to Pally.
Could you briefly tell us several sentences about the Pally company? (F.E. What was the reason to set up Pally app? Where are the team members from? Some inside team details readers would appreciate..)
Pally was conceived out of a nagging frustration with the tourist experience, where you end up in long queues for activities that often cost a lot of money and involve other tourists. If we get lucky, we may talk to a local tour guide with a template of explanations that he has given for the 85th time that day. If we are really unlucky, we could end up on an open-top sightseeing bus with a route that is fixed within the most central parts of town.
We enjoy seeing sights in cities, but want to do more, and Pally is enabling us to do just that by connecting us with local people who are friendly, sociable and adventurous. By connecting with them, we can go beyond places like Oxford Street and Times Square when we visit major cities to experience what you would do as a person who lived there.
Behind Pally is an international team of over 10 nationalities who speak Hindi, Italian, Danish, Yoruba, Spanish, Croatian and Bulgarian. I met the co-founder as colleagues at a Consulting firm, and we built the team and concept over 18 months fuelled by coffee and ice cream
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?
We’ve capped our ICO at $4.55M, which is the amount of money we would be raising in a Series A equity round, in light of our stage/lifecycle. We can’t say how much is too much, but we have seen a few companies raise some absurdly large amounts.
Q: If you successfully crowd sell with your ICO, where will your company be based?
We will be have our operational headquarters in London, UK.
Q: To what level of scrutiny do you feel ICO’s should be held to?
Definitely a more significant level of scrutiny than they are held up to now. With even a basic level of regulation, ICOs would then be able to have somehow passed a basic ‘legitimacy test’ before they are listed for their token sales.
This would help investors by enabling them to know that projects which have been listed are legitimate, so they can focus their energy on filtering for quality, as opposed to legitimacy and then quality. It would also help projects that are legitimate to avoid worries on being branded as ‘scams,’ and their interactions can be focused on talking about their benefits, risks and roadmaps.
Q: Do you have a background in conducting due diligence on crowdfunded projects?
In a personal capacity, yes, I do carry out extensive DD on projects before I decide on making a contribution. Furthermore, my co-founder has worked on a debt crowdfunding (fairly unique) round for an investment fund where they were subject to extensive due diligence. So the team is quite familiar with the concept.
Q: In addition to cybersecurity, what do you feel must be understood when performing due diligence on cryptoprojects?
Verifying basic details such as:
• Strength of team
• Market size
• Product Roadmap
• Understanding token utility
• Understanding token structure/economics
Q: What is your “bird’s eye view” of the blockchain industry as a whole. From what you’ve seen, what aspects of token crowd-sales could be improved?
• The blockchain industry provides incredible opportunities to change and democratise many industries. One thing that could be great is more structure around how much companies should be raising based on the stage they are in.
Q: What’s in the future for Pally?
• Testing and platform-wide rollout of the smart contracts within our ecosystem
• Development of Android Pally Social app
• Taking Pally Adventures from private beta into an open beta, then an expansion outside London in 2018.
• A lot more detail in the ‘Pally’s growth’ section of our Whitepaper, our Medium Timeline Article. Please check these out!
Q: Have you talked with any exchanges about their interested in enabling trading of your Pally tokens?
• We would rather not mention all names for now, so as not to disappoint, but we can certainly assure that we have two are quite certain of (Including EtherDelta)
Great, thank you Oliver , I appreciate your time and I will be watching the crowd sale intently.
ICO name: Pally
ICO starts on: 15/10/17
ICO ends on: 13/11/17
Total # of coins: 100,000,000
Telegram channel or chat room :https://t.me/icopally
Links to interviews and articles
• Interviews: http://thebitcoinpodcast.com/episode-152/
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