Rhys's profile

Rhys

Location:

Birmingham, UK

Reputation points: 18

Rhys's co-founder search details

Why Rhys would make a good co-founder

Ambition, motivation and dedication. I am confident enough to know that I will 'make it' in life. There's no question as to whether or not I will succeed in business. I will put in blood, sweat and tears to achieve success for myself and my family, the hold up was having the idea to elevate myself to this goal. However, I truly believe that I now have the business model to achieve everything I have ever dreamt of, and look forward to taking someone along on what I am sure will be an incredible and overall beneficial journey.

Elevator pitch for startup:

My proposed business stems from my enthusiasm for cryptocurrency. I played around with crypto trading whilst it was still in its infancy, regrettably, all assets I once held I either sold years ago, or are held in wallets I most annoyingly have lost access to. I still hold some assets in the hope that their value will one day sky rocket, but I do hold reservations as to whether or not the governments of the world will allow it to continue for much longer, and fear a huge amount of people who have invested will eventually lose a huge amount of money.

My idea, whilst still technically a digital currency, I believe can piggyback on cryptocurrencies success whilst it is still fruitful, but in the event of the market crashing, continue to thrive and in fact hold the monopoly of the digital currency market.

App users don't have to be the next Swedish House Mafia to get on board with BuyNotez. The App features a game-like interface to create a track as simple or complex as the user desires. But what makes this a digital currency? Well, each track is unique, and is given a unique reference number, only being able to be on one user playlist. Your track then becomes a digital asset, which can be exchanged with other users, or used to trade against other established currencies, both Fiat and Crypto. BuyNotez Tokens (BYNTZ) will initially only be spendable on in-app features, and will only be tradeable P2P between registered app users. This is to establish real world value to the token before launching it as a stakeable asset. Once its predetermined value has been reached (BYNTZ/USD), users will then be able to stake their tokens against available trading pairs. To accommodate this, BuyNotez will feature its very own user operated Blockchain. With many unknowns in the Cryptocurrency world, BuyNotez provides a safer alternative, that will always remain separate from the Blockchain, to ensure that it will always hold value despite the fate of cryptocurrency. This is because music is a form of art, it cannot be centralised by banks or Government bodies, it cannot be regulated and therefore will remain 100% safe as a tradable asset.

Idea stage:

Planning - Business model & business plan writing

Idea industry:

Finance/ Fintech

Rhys's skills:

Marketer
Sales

Skills Rhys is looking for:

Developer
Business Development

Hours per week available to commit:

30+ hours per week