 Awesome thank you to be here. So my name is Paul from 10x. I originally from Thailand, Bangkok but I used to live here in Japan for about four years. So it's really good to be back here again. So let me get into this. I think a lot of you heard about ICO before and it's quite a big thing last year. So I think one of the reasons I'm here today is because last year we did quite an ICO one, that one of the big one. But then I think this is a really small part of what I want to share with you today because I think today we have a lot of entrepreneurs, we have a lot of people who build a company here. And I think what more important is actually to share with you what actually happened behind the scene and why we do what we do and what actually what we learn about doing all this from building a company, building a product and to what we did with the ICO. Let me start with this. So I think this is one of the really inspiring court to me. Will Economic Forum say that probably about in nine years from now 10% of world GDP would be stored and transacts on on blockchain and I think that's really inspiring and I think this really means a lot for this industry that we in that you mean 10% is probably around 7-8 trillion but if you fast forward another nine years 10 years you probably I don't end up with 10-15 million dollars. It would be on blockchain and that is something really really interesting because all the wealth and all the transaction would move there and what is really needed to speed this up. We want to speed this up and I think the way you can do is actually have a lot of people on the street it has to start from the ground up. So what we did is we just have to have a lot of people using it, start using cryptocurrency, start experiencing it and see how actually it is. So we start with our first product, bringing cryptocurrency to the debit card. So the reason we're doing that is because we want a lot more store or merchant to accept cryptocurrency but we've been going around and asked the merchant to accept it but you know it's quite time-consuming and energy-consuming too. So we found the best way to actually use something that people already know how to use which is the card. I mean I guess a lot of we here or maybe 100% we already have a card and know how to use it and on the other way around you don't have to convince the merchant to actually accept cryptocurrency or set up new machine or anything. They already know how to do this because they already accept credit card. The goal is actually really try to bring cryptocurrency to everyone and I think that's really gonna speed things up for adoption of blockchain or cryptocurrencies. The idea is if I travel here from Singapore, now I live in Singapore and if I'm gonna go to any store and I cannot use Singapore dollar even, I have to change to Japanese yen first but I imagine the world that you don't have to think about currency or any asset you want to use or spend and the version doesn't have to think about it too. They just accept anything that they want and for the user they can just travel anywhere, spend any currency, anything that they want at any store that they need to. So I think that's really the idea behind it. That's why we start the company 10x and that's lead into what we did last year which is the ICO. So I think for anyone that kind of new to ICO is one of the way that you can engage with community, a lot of customer and then you can raise your capital to build things that you really need to or to build the business that you plan to and this is probably happened quite in 2015 and then is getting quite big on 2017 and I think it's still here, it's still happening a lot and I think Japan is probably going to regulate a lot of this area but I think it's really great area to actually looking at and for regulation wise I think it's really really good to to put things in place and people can start in no way and start getting capital that they need to build their company. So we did it in June 24th in that day and then we successfully did that but I think this is really really small thing but what I want to share with you is what we actually did learn from doing this. So it's really a three thing that we think is really important for if you're going to build the company or if you're going to do ICO or actually anything that you want to do in business. The first thing is I think if you as an entrepreneur as a tech entrepreneur I think the technology is really important if you have a good technology or if you have a really interesting technology that could potentially solve a lot of problems of course you need a really good team and I think I couldn't stress it enough that the team is really important. I think the entrepreneur you always has really strengths in some area and you always have weakness in another area and you just need to find a partner or your team that kind of complete the whole system. And also the last thing is something that you can't really control which is timing but the best way to control timing is actually getting ready just be always ready. I just want to touch a bit on technology. So from our side I think one of the the technology that I personally one of the thing that I think it personally helped this is what we call Comet. So the idea of Comet is you know there's a there's a lot of blockchain in the world today probably more than a thousand blockchains from a private one that banks build or from the open blockchain one that is Sudash Bitcoin and they all work perfectly in their own system right. It's just like the internet. It's just like computer if you the idea is we have a lot of computers a lot of network in university in banks in many ways but if you actually connect all the computers together you get really a bigger network it's called the internet right and I think the idea is the same thing now we have thousands of blockchain and you just need to connect it to a bigger network where you can talk between blockchain where one blockchain can do really good things on one thing for example smart contract or those things and then you another thing that you can hold value or those kind of things and when you connect it to a bigger network then the really really interesting technology and really interesting thing is coming out of this and so that is Comet what we built so far in in our R&D and of course I want to talk about the team this is one of the example of what we try to build as a culture I think company is really something what you call organization is the company is all people in the company interacting with each other and the people in the company that actually the one who who built product who built services for the users right and the really important thing is you just have to take care of people in the company the culture that gonna translate into the product and services later down the line so this is one of the the example of our core values it's as a living thing it's keep changing all the time and and we just have to keep update based on the side of the company based on where you want people to go so and one of the really interesting thing is for the team recruiting is really interesting the new people or the people who get into the company is always influence the company in many many ways so something that you have to put a lot of energy into it and the last thing is timing is one of the factor that you cannot really control it but you know like when is the market gonna be ready you don't know technology it always always better to go into technology in the the early stage of the technology so I say so then you get familiar with it you get used to it and then you build something on that technology before the market is ready right and as I say you cannot really time the market or anything but the one factor that you can influence is is you yourself and the company if the company is getting ready always when the market timing is come when the technology is right you can do a really successful thing and that is kind of lead into I just want to share the story how we came into this point into today so in Japan about 2011 2012 I I started around three four companies before and all fail right but I think I did learn quite a lot so at that time I moved to to Bangkok and we we we into this blockchain Bitcoin for a while since 2011 we want to do something with Bitcoin technology but we just don't think the market is ready yet so one afternoon we just sit there and then we're just thinking we want to do something with this technology and we want to start at it right so again when you just fail four companies before where where and how you're going to want to start so we went to Singapore we just flew there for for a hackathon right and the the funny thing is we went we supposed to go to another hackathon but they don't let us in so we just we just have to go into this hackathon instead but it's kind of lucky because it's it's for MasterCard so it's something that we already want to do we already want to explore the idea we want to build a wallet right so and then this is a picture where where we pitched to the judge so we built a wallet and then we pitched to the judge we didn't win because we didn't pay attention enough to what the theme was so the theme was empowering the woman so so obviously we're not going to win but but we got something out of it we got an app that we showed to the judge we showed to the people there that this kind of validated our idea that hey um connecting this kind of new kind of money to normal is kind of makes sense and there's quite a lot of people who hold this currency that actually want to use it in a really convenient way so we started it but then um so the backstory is we flew to to Singapore and we think we want to do this but I think we flew in with around 200 dollars for two people right so I don't think it's not going to work for end of the month something like that but I think we max out a lot of credit cards and stuff just to survive and we went to another hackathon and this time we won it so and then we got some capital to actually start and then we decided to move to Singapore and to start a new company so this is one of the place that that's we move in I think it's around three people right and then it's not that big um I mean it's quite big if you compare to um Tokyo apartment but we would be there two people maybe three people of the most of the time and then it's quite common there but we kind of get through it um it's a lot of well when you try to build something new that you don't know it's kind of take quite a lot of time to do it and then we kind of get our first card that we wanted to do the first thing that actually working that you can actually walk into the store and then you can swipe the card or you can put in the machine and then you can pay for food or um or coffee and then it actually use a cryptocurrency to pay for that um the funny thing is this is like really sketchy card so when you walk into the store the store always asks like what is this is it actually working but then once you swipe or once you put it in it it actually works so um that's one one of the thing that um we it's like a really first experience when you use the card and then it actually works it's really really wonderful so fast forward a little bit we get the first one it actually printed that it looks proper where you can walk into the store and it actually works and then you can actually show it around right so that is one of the really major mind stone from from the idea into struggling to do something and actually have something on on the market and actually um it's quite powerful when you can hold something on your hand and then it works and then it it lead into um our early last year we did a first round of our seed funding and um a lot of success is leading into we have a product we it actually working we test with the users and I think this is probably the really the best way that I can keep advice if you want to build something I just build it until it work and I think a lot of you can prove a lot to yourself and a lot of to investor right and then this is actually lead into um in ICO later last year that that we did so we actually really moved from two three people in probably not even a garage like a bedroom into a little bit bigger space today as our office is um our main office is in Singapore we have we grew from two three people eight people at the ICO into now about 50 52 people it's quite a bit quite a journey but I think at the point I want to share is you really don't know when is the right timing for the market you don't really know when is the right timing for the technology that you want to use or you're using but what you actually can do is you can always get yourself ready and just start building and I think the time would would always come whether you you try something new technology or or you want to build something new just have to get yourself ready and actually what actually happened after we we raised this kind of capital right in what should you focusing on or what should you care I think it's three things that any companies and actually especially in the blockchain space that you really really need to care first is you have to care about your product and second is the community is something is really unique when you you raise fund this way or you raise capital this way you you kind of build a lot of communities around yourself that people that kind of believe in what you're doing and all people who want to support you on what you're doing and of course the company that itself that you have to really really take care of so the product is really easy you just need to deliver you just need to ship your product to the market so actually people can actually use it and you can you get can get a lot of feedback right that's one thing you don't have to take care of the second thing is it's a lot of communication community is almost running a public company you have a lot of public that you have to take care of in for example twitter is one of the the thing that we inform a lot of our user what's going on to the company good things bad things we always communicate you need to do a lot of meetups meetup is a lot of really good way that you can meet people face to face and I think it's really great way that you want to touch on people live and then you can interact with people face to face and it's really valuable feedback or you can actually feel what the market or what the people actually feel about the company and the product and another thing that not a lot of people mention is you can do a lot of user testing we you a lot of user just want to use the product and want to contribute right because you people kind of like the way or believe in what what the company doing so this is really interesting thing if you thinking of starting something or starting company to do this is a lot of really fast feedback group and again I just want to touch on the the company or the team that you're building is really the people is actually the one who built the product and the one who actually built the company so you really really have to take care a really good care of people all the communication all the the wellness and all the the happiness of the people in the company is really reflecting into the product that you built and at the end of the day I just want to get back to why I think why is the most important thing why you build the business why you start the company in itself and for us it's really interesting thing is if you look at money you have this so-called I would say normal money is the banknote in your in your pocket it's a coin it even numbers in your bank account but I think this is kind of the normal money that it's secure it's always there and it's just there but nothing really changed about that but this one thing new it's called new money it's actually the money that you can program it it quite smart and a lot of people developing on it and it's get actually get better every day right and this money is on blockchain or it's called cryptocurrency that a lot of people improve the protocol itself almost every day and a lot of people build on application layers that you can use it in the new ways almost every day so I think this is the thing that we call new money and it's really exciting for us because if you imagine a few years back when we still use SMS and then it costs you a few cents to to send it around right compared to today where you have live WhatsApp or any messenger it's free for you to use and it changed the the way people interact with each other and I see the same thing happen to the money where when you send money to each other it's not cost you five dollars or even a few cents anymore it it should be free the money where you should be sending we can you should be using the money the way you can use text messages video picture and I think we we're moving toward that world and our company mission is to actually get people to use more cryptocurrency and to experience this kind of new new world new kind of money so our company has a book called really cryptocurrency it's really for basic cryptocurrency a few weeks ago we we met with Elon Musk and we actually gave it to him so I have a few copies behind so you you can come to me later if you're interesting in this and really the one thing we really want to do we want people to experience cryptocurrency use it test it or even try it at the point so thank you so much for your attention thank you