Founder and CEO of Cassator Corp, Dmytro Ivanov, addressed the community and shared the latest news about the Sl8 project.
For your convenience, a text version of the video message has also been added below.
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Hi everyone! I finally had a chance to record a few video messages for you, especially for those who are upset about the price drop or feel that nothing is happening with the project. I want to explain what is happening now and what we are planning to do next. Once again, greetings from Austin, Texas!
Let me start with the most obvious point: the price has indeed fallen, and quite significantly. I do not know who is selling tokens at such a price, but I have also occasionally had to sell some of my own tokens when I needed money for various expenses. So I understand why people do it, although, of course, I now regret my own sales.
Now let me tell you what we continue to work on and what comes next. First, we are preparing our company to attract traditional investment from angel investors and venture capital firms. Over the past few months, we have significantly updated our website and prepared a professional pitch deck. We are now finalizing a detailed financial model, projections, and other materials required for due diligence and for having meaningful discussions with potential investors in a language they understand.
I also want to tell you why I feel that I have been very lucky lately. I live in a skyscraper where several concierges work. I became good friends with one of them. I told him about my company and what we are working on. I also helped him send money to his relatives who live far away through Binance without spending a large amount on fees. That is how we started talking more and became friends.
A few months ago, I was picking up some packages from him when he suddenly asked me, “Listen, there are some investor events taking place here. Would you be interested in meeting the people who attend them?” I replied, “Of course I’m interested. Tell me more.”
He then sent me the contact details of the person who organizes these events. I reached out to him, and we arranged a meeting. During our conversation, it turned out that we not only lived in the same building, but also on the same floor, just a couple of doors apart. We immediately found common ground and got along very well.
I told him what we were working on and why our project was interesting. He was very impressed because our startup is truly unusual and stands out from the other local projects. In terms of scale, we are dozens of times larger than many of them.
We met several more times, and eventually invited him to join our team. He is now our Head of Fundraising. He helps us prepare all the necessary documents and build the entire investor relations process: how we will organize meetings, present the company, and position the project to potential investors in Texas and beyond.
That is the latest news. I believe we were genuinely very lucky because he is extremely proactive and has direct, personal connections with real investors rather than just remote contacts. His network includes millionaires and even several billionaires. One of them has a net worth of around four billion dollars, and he knows these people personally.
I have already attended one of these events. We are now in discussions with several potential investors and have already made some promising progress that could bring us strong results. So we continue moving forward in this direction.
We already have potential candidates to launch on our human tokenization platform. These could be truly large and significant launches, but bringing them to life will require a substantial budget. After the launch of my token, we understand that every new project must be prepared and executed at the highest possible level. We cannot allow a situation where something goes wrong or the launch fails to gain proper momentum.
That is why every new launch must be thoroughly prepared and have the strongest possible chance of success. So we already have promising candidates to launch, and now we are preparing to raise funding.
The last time we raised money from traditional investors in exchange for equity, rather than through crypto, was more than four years ago, almost five. Wish us luck. I believe we will have great news very soon, and it will be important for you as well.
sl8.online/u/@Cassator