The Tie holds exclusive crypto rights to SMA and ROI technology
Ben Latz · Wingman Hits $6k MRR, 24 Y.O Uses to Track Option Trades · Aug 27, 2020 · at 17:09
Ben Latz, co-founder of crypto intelligence platform The Tie, explains the defensibility of the platform's data scraping and sentiment technology against potential competitors.
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“Sort of the relationships we have in place and the exclusivity deals that we have, in a sense, don't even allow any other company to access either the sentiment technology or the SIG dev technology unless they come through us. So we have exclusive access to both of those. With respect to crypto.”
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More from Ben Latz
Crypto tokens typically surge 20% to 30% upon a Coinbase listing
“If a coin gets listed on Coinbase, you know, it's probably going to go up to 20 or 30%.”
The Tie's tool drives approximately 50% of breaking news in crypto
“Currently it's driving about 50% of breaking news in crypto comes from our tool.”
Latz would sell Wingman for $500,000 to take risk off the table
“If today, right now, if I was able to take all the risk off the table, you know, looking at something like 500,000, which I know is a high multiple to me, that would be like a reasonable number or where I say, okay.”
Brokerages give retail options traders no performance data beyond YTD P&L
“These options traders who are individuals they're given no data from their brokerage firms about their trading and their performance and analysis besides a single PNL number year to date.”
Wingman generates roughly $6,000 in MRR with $49 per month pricing
“So the introductory price was 25 a month and just out of respect to people who sort of latched on early, you know, I'm happy to carry them forward. But yeah, right now it's just a 49 dollar tier or four 90 for the year. And yeah, so it's currently about 6000 M…”
The Tie leverages Twitter's firehose to calculate real-time crypto sentiment
“We're an official Twitter partner. So we leverage their fire hose and calculate real time investor sentiment on, you know, hundreds of cryptocurrencies. And we feed that we sell APIs to hedge funds and other market participants.”