Vid Camera founder Jagat Singh discusses crypto market volatility and why his startup converts crypto proceeds into fiat.
Disclosure
Singh: Vid Camera Sold Only 1% of Token Supply
“The way that our token sale works is we sold one percent of the token supply. So we own 99%.”
Assertion Supported
Singh: Vid Camera Raised Over $20M in Token Sale
“So then the token sales raise well over twenty million private and public people like Ontology, NGC, a lot of big funds have come into the token sale.”
Assertion Not checkable as stated
Singh: TikTok reached $74B valuation and 500M users via watermark distribution
“And it has the big watermark in the corner, which is how TikTok grew to their seventy four billion valuation and five hundred million users and how that face app, which I'm sure you saw like a few months ago, made everyone old, blew up to number one in a week.”
Prediction Not checkable as stated
Singh: Vid Camera will hit Apple's 100,000 TestFlight limit
“There's at least 30,000 and we haven't really pushed. We'll definitely cap out the Apple 100,000 limit on Tesla.”
Assertion Not checkable as stated
Singh: Vid Camera signed influencers with combined 375M followers
“So we have influencers signed on to the platform to use the platform from day one. They have a combined following of around 375 mil. That's across Twitter, Instagram, and YouTube.”
Assertion Not checkable as stated
Singh: Vid Camera signed creators to year-long contracts
“No, I mean, it's a real, it's a year long contract.”