Offramp
A simple and instant crypto offramp solution.
Hello everyone. It has been hard times. Especially since it is crypto winter, harder to raise funds to take the product live. But, something nice happened last week. Our partners finally agreed to incubate us, which means I can use their exchange Banking services for almost no cost per month for 6 months and up to 500 users.
This allows me to take the product live soon.
We have 250 people on our waitlist. 10 handpick Beta customers.
Just took my new website with enhanced looks live. I have considered all the factors for getting the messaging right after talking to 50+ potential customers.
I would like to get some feedback and thought on the website from you guys as well.
Visit: https://bringin.xyz ( previously offrampwidget.com )
Bringin is a tool ( a web app ) that anyone can sell crypto from anywhere in just 3 steps and instantly receive fiat directly into their bank account safely.
Thanks in advance for the feedback!
Offramp is now live on Smoothie. Smoothie is a web3 product discovery platform. We are participating in the Smoothie awards which last for a week ending on 27-11-2022 9pm PST.
Project link: https://smoothie.so/project/5ny9gv3w
Any support would be really helpful.
As always any feedback on the product will be appreciated.
After interacting with over 50 potential customers, we have learnt a lot about the exact pain points of web3 users when it comes to on/offramping.
Based on these learnings we have enhanced our offering to a new exciting product called Bringin.
We are on a mission to make web3 simple and convenient.
Bringin is a crypto neo-bank that can connect to any non-custodial wallet to enable web3 natives:
- Top up any crypto wallet instantly from a dedicated neo-bank
- Spedn crypto from any wallet by Bringin debit card
Link to our website: https://product.bringin.xyz/
Link to the prototype: https://app.bringin.xyz
Join our community: https://bringin.xyx
Just added a new feature to our offramp widget. A neo-bank page for users to manage the cards. Once the user liquidates their crypto to their virtual debit card and there is a need for a dashboard to manage it. That's why neo-bank.
But what's cool about it is that you get a fully-fledged IBAN account with where you add funds via wire transfer or any crypto and send money out via instant SPEA and crypto as well!
It is almost like a tool for any user to to buy, and sell crypto stored anywhere with easy and no hassle
Now users can instantly sell tokens on Ethereum L2 directly to their bank account.
We believe this is quite powerful as traditional methods involve bridging which takes up to a week or sending assets to centralized exchanges.
Due to the inconvenience of selling it to fiat instantly when needed, people do not bridge into layer 2 tokens. We providing this way to conveniently sell the tokens on L2, and are helping more people onboard to layer 2 solutions.
After talking to many customers, we understood the need for being able to sell Ethereum directly from meta mask to bank account.
It is also quite important for this solution to exist so that users don't have to hold crypto in custodial exchanges for emergency easy liquidation.
We enhanced the prototype to be not only a web app but also a decentralized app ( dapp ), that connects to a meta mask and makes a transaction to send us and we provide fiat on a debit card or withdraw to a beneficiary bank account.
We made a soft release on Reddit, Twitter, LinkedIn, slack community promotional channels, and discord groups. With of waitlist for those who would like to like to use the product. Collected feedback. Received positive response.
Got up to 35 email signups. 2 warm leads for integration requests.
Accelerators were the best way to get started as we are first-time founders.
We revamped the website, worked on the narrative, and messaging, and revamped the prototype. Applied for Y-combinator, Skydeck and Pioneer.
We proceeded with talking to users validating the exact use case. Finalizing our niche target audience. Figuring out go-to-market strategy.
We knew each other for 8 years and had worked on several side projects together. He was into crypto a year before I was into crypto. He has worked in several early-stage high-growth startups and had complementary skillset.
I had explained the idea before. He was hesitant to work on a solution that requires regulations and touched fiat. But, when got an opportunity to explain the entire product being built by partnering with regulated entities, he took a while to do proper research and accept my offer.
We started working together on this project!
I needed initial capital to set up the project and get started. My initial idea was to apply for the best accelerator. I will not only get the initial funds to get started but also get a platform to raise capital to build a team and scale.
At this point, I realized it was a company I can not bootstrap and build alone. It needs VC backing. So it was obvious I needed a co-founder. Co-founder with relevant industry experience and a complimentary skillset. And some one I can trust
Comment