Cynthia Huang on AltcoinFantasy's free trading simulator

0:21updates on altcoin fantasy I've been following it myself but for the viewers could you first of all explain what is altcoin fantasy and why has it gotten so popular yeah sure so we are a gamified way for people to learn about the crypto space and what we like to you know call ourselves is this idea of fantasy sports meets crypto training and we have

0:43fantasy training competitions that we host where people can actually win real prizes and real rewards and the best part is you know there's no risks they don't have to spend any money there's no risk of them losing but they you just win and they can actually get rewards for it and what we do is that we really try and make it fun and interesting for people to learn about different concepts

1:02of stone blockchain so we have a lot of educational resources like articles and videos something can we learn about things like stable coins learn about you know wallets and things like that and you know we've taken a different approach I think that there's definitely a lot of really cool things happening and the blockchain and crypto space but it can be pretty intimidating for

1:19someone just coming in because you sign up for a wallet it's like oh my gosh you better secure your keys you're never gonna find your money again if you lose it so we really trying to make it approachable by making it fun because I think that adoption is not voids happen and until people feel comfortable and the best way for people to actually get into it feel comfortable I want to keep

1:37learning it's by making it fun engaging and of course social that's great when I first started following it seemed like you know people were just trying to trade and whoever had you know the most gains or really was following the markets the best was the winner but I guess it really has to turn into more of an educational platform as you said because there's a lot of people that

1:57don't want to risk real money now starting to do the fantasy version and but they also want to learn about it so that at some point they can start trading in the markets as well have you noticed that shift yeah for sure I think that you know traditionally the crypto space has been much that you know people got into crypto with their trading and I think

2:18that there's definitely been a shift in the last year where people are looking more the technology and the fundamentals behind it which is really great because you're obviously being a long-term holder and crypto and blockchain we're looking more at the technology play rather than you know any speculative risk but what we understand is that because a lot of people do come in

2:37through trading we want to be able to get them set up and learn and feel comfortable so that they don't have a bad experience and then think that crypto is a scam and we've so we provide both the educational resources we also provide a platform where they can actually learn and practice trading without losing their own money that's great well great work so far I

2:55saw that there's been over 5,000 contests held on all coin fantasy so far with some pretty big partners which is great could you explain a little bit about your partners and maybe who you strive to work for your new partners that you're looking for yeah for sure so we've been very fortunate in being able to find really amazing partners who share our philosophy of you know

3:16education and adoption and awareness and you know some of the larger ones we worked with and tradingview okay coin and then something that we recently announced is a partnership with coin market cap so they are obviously you know the go-to for prices and trading but they're wanting to do a lot more around the education fees and so we partnered together to create a

3:37beginner's guide to cryptocurrency which will help people who are new to this space address a lot of the topics that they might be curious about but not really know how to figure out the answers to so hopefully that will help help a lot of new people in this space and in terms of who we hope to work with I think you know we're pretty committed to growing that ecosystem so whether a

3:56company is large or small like we're open to working with everybody to grow that ecosystem and really get more people in those space so you know anyone out there wants to work with us and shoot me an email and we're happy to do so that's great and I was just going to ask how big is your team where are they located in a central location and obviously you guys are looking for more

4:16people yeah so we are a pretty small and lean team we only just added a sixth person and we are fully remote which i think is pretty typical of the crypto space that is like you know really awesome and something that is really nice because our team is not limited to just staying in one place people can work wherever they want to and that also is good for

4:37us because we can bring talent in from all over the world we're not just limited to one locale which is really really awesome that's great and I would guess that because you don't actually have to bet real money the system is available to play all around the world and where are the majority of people coming from that are on all coin fantasy yeah so we're global something actually

4:56pretty cool is that we have people from all around the world in every single country and our biggest areas are probably Southeast Asia and then North America and then kind of scattered all throughout Europe yeah that's great and where did you guys start the project from how long ago did you start and is it growing as quickly as it has been the whole time so we I mean the founders so

5:20myself and Tommy we are from Vancouver and we launched there but we've been spending a lot of time in Asia just because there's a lot happening in the crypto and blockchain space there and it's you know it's been growing pretty quickly I think we've been pretty excited about all the growth happening I think in the next couple of years with a lot of the project and developments are

5:42coming out things like leave our coin then well hopefully we've are going on so but I think that's gonna do a lot for the blockchain and crypto space and I think probably you know in the next three to five years the space really is going to explode so we're obviously very excited about that and I'm sure you are too because you know what's good for us is good for

5:59everybody you got it that's great and now I saw that you guys have a lot of users what is your marketing strategy and how do you focus on people to retain those users you know once you do a contest once how do you entice them to come back yeah so we I think we're a little bit different probably in how we run our company in our startups so we don't really do advertising we focus for

6:22pretty much all on organic growth and the reason for that is because we just think it's more sustainable we get higher-quality users and we're able to you know build a more sustainable business but we focus a lot on our users and on our product so every day I'm emailing users asking them for their feedback I do a lot of support myself and we're always looking to see what

6:43people are requesting what they want what that feedback looks like and we do constant updates so you know we have a web app an iOS app and an Android app and every two weeks we're releasing updates on our mobile apps and then on web we're doing it all the time so it's just really constantly listening to what people want and that changes all the time – that's great and I know

7:07that you mentioned sustainable business and it is free to use all confound se but how are you guys as a company creating sustainable business driving revenue and you know paying the people and growing so we there's a couple of ways that we make money so one is that we work with our partners and if they want to run a marketing campaign with us and we're able to work with them on that

7:30basis and then recently this year we've also introduced premium subscriptions so our users can basically get unlimited access and the unlock all the features of our app if they become a Premium Member oh nice that's great yeah and as you guys continue to expand are you also looking for more strategic partners more investors or just more people to play

7:50the contests all of those actually so we are just starting our fundraising process but you know we're always looking for partners because as I mentioned earlier I think it's very crucial that we all work together to help grow the crypto space that we all help each other like the space is much much too small right now to you know see each other's competitors so we all have

8:12to work together to try and promote each other and make sure that the good companies and the good actors day in and then the bad ones get thrown out so I think you know we're probably pretty aligned on that and you know we work together so I think continuing to meet really great people in the space that we can help each other and then on the user side you know I think a crypto adoption

8:33is always a big topic and how do you get people into it especially people who are a little bit weary of the about the space so that's something that we're continuing to do and thinking of new and novel ways to try and reach people mm-hm agreed and now this is a tougher question what obstacles or challenges do you foresee as you continue to grow that

8:52may limit your growth potential I think the big one is regulations you know I'm not sure if you read but Indonesia recently just ban crypto and I mean and then you know there has been a huge huge usage of crypto you know we have a lot of users from Indonesia and then of course India has always been a little bit gray in terms of how they see crypto so if countries follow then

9:19obviously that's not really a great place for any of us to be in but I think that there's also been a lot of positive developments with a lot of countries and jurisdictions that want to actually come up with something that works because they can see that there's a lot of good parts to it so you know hopefully people will continue to support and petition

9:39for really good regulations and not – all right you know ban it but to actually support and figure out ways to make it work yeah I completely agree and if there are I know you guys have a couple contests that are running right now how can the viewers learn more about those and start trading and start winning yeah so our site is called up coin financial calm and then we also

10:01have an Android and iOS app so you can just look up our name altcoin fantasy we are giving away 16 hundred and seventy-five dollars in USD in this week's contest so you should definitely join you – Ashton and then maybe you can get a chance to win awesome that sounds great I'll leave those links in the description box below for the viewers and that's all the time that we have but

10:22it was a pleasure speaking with you Cynthia and it sounds like alcoa fantasy has a lot of good things in the pipeline so all the best to your growth let's follow up in the near future sounds great thanks so much Ashton