Balashevich: Santiment offers fiat subscriptions or token staking for data access
Maxim Balashevich · 811: Crypto: After $2m ICO, He's Building the Bloomberg Terminal for Crypto · Oct 13, 2017 · at 3:34
Maxim Balashevich, founder of crypto analytics platform Santiment, explains the company's business and monetization model to Nathan Latka.
0:00 / 0:31exact quote · 31.2s
720p mp4 · rendered on demand · StarZero watermark
“Now, in order to get access to information we are generating and packaging for you or visualizing, you have basically two means of paying us. One way, normal way, you can buy our services through monthly subscriptions. Like normal paying in dollars or euros or whenever you are. And the second way, you can stake, kind of lock or deposit your digital tokens, and as long as it's staked, depending on the amount you stake, you can get access to information which is gathered in our system.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Maxim Balashevich
Most retail crypto projects merely copy traditional finance models
“Most projects doing basically the same for end customers, but they're copying already existing business models from normal, from classic financial economy, like trying to establish, well, some are doing a kind of social trading platforms.”
Balashevich sees no active direct competitors building crypto data terminals
“I don't see yet active competitors who are doing on the same level like going very deep down and trying to establish informational layer.
well, I'm sure they will emerge.”
StockTwits is pivoting to crypto to launch its own ICO
“I think they simply decided to switch or even pivot completely to cryptocurrency, and now they're moving also creating their own crowd sale and what they're doing.”
Balashevich views Polkadot as promising due to its technical architecture
“Very, well, I personally like Polkadot. Polkadot? This one? Yeah. Because of the technical background, which is very, very high level.”
Santiment does not yet sell data or generate subscription revenue
“We are just building the system, so we do not sell the data yet.”
Santiment raised $12 million in its July 2017 ICO crowdsale
“We raised at that time, and that time it was around twelve million. ... We started crowdsale on the first of July, one day for our own communities, and one day for other communities, and it was over. So at that time, yeah, it was 45,000 Ethereum.”