Gains Associates AMA Transcript

"The World’s First Decentralized VC"

By
BSCNews
on
November 11, 2021
Category:
AMA

Andrew (BSC.News)

Hello everyone and welcome to the AMA with GAINS Associates!

Today we have Alexandre joining us today to talk about their new platform

Great to have you here :)

Alexandre Raffin | GAINS Associates 🐳

Thanks Andrew, looking forward to it

Andrew (BSC.News)

So how this will work is, the AMA will consist of two rounds. The first round will be us going through the questions that I had prepared for you before hand. And then the second round will be a community round where I will open up the room to allow questions to come in. The second round is also where we will select the two winners of our giveaway

Sound good?

Alexandre Raffin | GAINS Associates 🐳

Yup

Andrew (BSC.News)

Great! So to start things off


1. Please introduce yourself and the team behind GAINS Associates.


Alexandre Raffin | GAINS Associates 🐳

Sure, I'm Alex, I live in Paris. I've been in crypto for 4 years. I'm the founder and CEO of GAINS Associates which is one of the leading decentralized VCs in the space.

Before crypto, I was a professional League of Legends player :)

We have a team of 40 people with devs, designers, video editors, social media managers, biz devs, a research team and more

I have two co-founders: Lotfi and another Alexandre. We met in school, I've known them for close to 10 years now. We have a great synergy and can rely on each others' strengths

Andrew (BSC.News)

awesome!

And wow 40 team members is actually a lot in the crypto world

Alexandre Raffin | GAINS Associates 🐳

I would advise to go for small teams of extremely good people rather than the opposite 😉

Andrew (BSC.News)

Right


2. What is GAINS Associates? What is your overall goal/mission of this project?


Alexandre Raffin | GAINS Associates 🐳

As I was saying, GAINS is a decentralized VC. You can see it as a big investor group.

$GAINS holders (we have a token) get access to private groups and to our deal flow, which has been quite amazing to be honest

Just yesterday, one of our investments, Project Seed, did 100x+

We also had Bloktopia which did a literal 1,000x

And many many more

Octopus Network: 8x

Spores Network: 25x

BuniCorn: 25x

Nakamoto Games: 50x

Rocco Finance: 50x

IX Swap: 10x

And these are just some recent projects from the top of my head

In the past, we also offered Quant Network, Hedera Hashgraph and Avalanche, now quite legendary projects sitting well in the top 50 and worth several billions of dollars

So, compared to the traditional world where the best opportunities are only reserved to accredited investors (you need to be already rich to get even richer which doesn't make a lot of sense, under the pretense of protecting people...), we are removing the barriers of entry to investing and literally beating all the "best" hedge funds on earth that are happy with 50% returns per year 😄

We prefer 50x rather than 50% hehe

Andrew (BSC.News)

Hahaha of course, 50x is always nice

So In order to get in on these, there's one thing that you need in order to take part in these allocations

So with that...


3. Can you tell us more about the GAINS token? What are the utilities behind the token?


Alexandre Raffin | GAINS Associates 🐳

Yes, there are tiers. The more tokens you hold, the higher the tier you can get in and the more you can invest. Sometimes, there are also exclusive deals for the highest tier(s).

— GAINS Tiers —

🐳 Tier 1: GAINS Blue Whales - 200,000 GAINS required 

🦈 Tier 2: GAINS Baby Sharks - 100,000 GAINS required

🐬 Tier 3: GAINS Sleek Dolphins - 30,000 GAINS required

🐟 Tier 4: GAINS Silver Fishes - 10,000 GAINS required

Today, we'll have an exclusive deal for the whales and sharks for example

As well as another deal for all tiers

Everyone has a chance to invest and take part in this generational wealth transfer that's crypto

Andrew (BSC.News)

Okay and how much does allocation does each tier entail?

Alexandre Raffin | GAINS Associates 🐳

And for me, private sales is the most explosive way to do that

Whales share 50% of the allocations we have, Sharks 25%, Dolphins 15% and Fishes 10%

Andrew (BSC.News)

Yeah, private sales are for sure a great way to jumpstart that journey to creating generational wealth haha

Alexandre Raffin | GAINS Associates 🐳

The funny thing is that it can seem so crazy, many people read or hear this and don't take action ahah

Andrew (BSC.News)

And to be clear, 50% does not mean that everytime one whole would be able to take half the allocation, but people in that tier would be able to purchase up to 50% of the allocation

Alexandre Raffin | GAINS Associates 🐳

Indeed

Right now, we have about 70 whales, so they would share 50% of the whole allocation. If we had, say, 200k total, they would share 100k, so a bit more than 1k per person

Andrew (BSC.News)

Oh I see, so a all within a tier share that

Gotcha, I thought that each tier person had access to half each

If that makes sense haha

Alexandre Raffin | GAINS Associates 🐳

In the whale tier, allocations are almost always guaranteed but in lower tiers there is more competition because there are more people

And we don't want to give $50 allocations that aren't worth anyone's time

So, maybe 50 people in the Fish group will be able to invest $500 which is already 25k total and would mean we got a 250k allocation. 

It's not bad because we offer a lot of top tier deals. If you get in 1 deal a week, that's still 52 investments a year, which is quite insane already!

Andrew (BSC.News)

Yeah and with a potential 100x it would still be immense

Alexandre Raffin | GAINS Associates 🐳

Right, let me show you something

Andrew (BSC.News)

Go for it

Alexandre Raffin | GAINS Associates 🐳

127 people invested 1k or more with us in Bloktopia

Since it did 1,000x that's 127 people that turned millionaires thanks to GAINS

And that's just one deal

There is no concept of AUM like for a traditional fund as we do not keep custody of the tokens. Each investor decides whether they want to hold or sell

But if we had a similar metric to AUM which could be the value created, just with Bloktopia it's at +$120M from our total allocation. So if you add our other deals, it would be in excess of $1B, which actually puts us in a top league with great traditional funds, by this metric.

Just an interesting thought experiment

Andrew (BSC.News)

Right


5. What kind of features do you offer?


Alexandre Raffin | GAINS Associates 🐳

Well, deals of course. In just a few days, the process of contributing, claiming tokens and just managing your investments will happen on our website. We're in the final stages of delivering that platform. It's going to be the best quality of life improvement for our members as right now, most people have their own spreadsheet to keep track of all their deals.

Soon, they will have access to a beautiful interface with everything they need to know about their deals. Info on the projects, terms, when tokens are due, returns, etc.

We have more projects that I can talk about later, they're not really "features" per se :)

Andrew (BSC.News)

Okay I see, so it will be an all encompassing platform

So a question that I personally had when looking into GAINS was this one


6. As a decentralized VC, what is the difference between your platform and a launchpad?


Alexandre Raffin | GAINS Associates 🐳

Yes, you could say it's the same concept as a launchpad but for private sales

It's for a different kind of people as capital is locked for a bit longer (but tbh, it's really not that long compared to the traditional world, maybe a few months on average) but the upside is much higher as the tokens are priced cheaper during seed rounds and private sales than public sales.

For me, it's really the best thing on earth ahah

We will also launch a launchpad in December btw 😁

But with a twist. The market is quite saturated with launchpads and we know how these things work. They're mostly filled with people who do not care and are just there to flip each project, which is really bad when you want solid foundations to be able to build something great long term.

Knowing that, we named our launchpad, the LearnPad, and for each project featured there, we will take our members through a series of short videos that will explain what it is at a high level, who's on the team, where the token plays a role, highlight some key partners, etc. 

After each short video will be some questions to make sure people paid attention. It might sound a bit like an exam but it'll be short and fun, gamified.

Andrew (BSC.News)

Okay yeah so a learn and earn feature with the launchpad

Alexandre Raffin | GAINS Associates 🐳

This way, we hope to bring stronger holders and more unofficial ambassadors to the quality projects we'll select for our LearnPad.

Andrew (BSC.News)

Okay very nice! I think it is really important that users should learn first and rewarding them for learning is the right approach

Alexandre Raffin | GAINS Associates 🐳

Crypto moves too fast sometimes and very few people take the time to understand what's going on, which is why we believe this is something missing in this space. Sometimes slowing down and getting to know a project can allow you to go faster and higher than if you just rushed all the time :)

Andrew (BSC.News)

Right


7. What will be the vetting process for the projects you decide to onboard?


Alexandre Raffin | GAINS Associates 🐳

We'll look at a variety of criteria. We have a very strong research team of 4 people that are all seasoned investors. They're very hands on and put their money in all our deals (just like I do), so it ensures we don't serve shit just to milk money from our members, the total opposite actually.

We do heavy DD, especially these days as I have seen first hand how scary it is behind the scenes. You might think these big name VCs that you respect have a process and are super thorough in their DD. It's actually really rare, which is dangerous, as social proof is so important in crypto and many entities invest simply because they see other names. Then, only the first guy in must have done the DD, lol.

We get on calls with the teams, check for basic things like company incorporation number, ask our partners if they are truly in (something that projects do sometimes is to put logos on their website when no deal has been closed, to help with social proof) and we ask hard questions. We often get more respect from the projects simply by showing interest and trying to understand what they do in detail, asking them how they plan to get users, how they plan to really achieve what they say they'll do.

Andrew (BSC.News)

Yeah so it's almost like a KYC as well

But of course digging deeper than that


8. Can you tell us more about the lockup period for team tokens?


Alexandre Raffin | GAINS Associates 🐳

Yes, to ensure we are truly aligned and we deliver, in addition to the 1-year cliff and 1-year vesting, for each 1% of team tokens to unlock, we need to deliver 10x across our deals. So, for all the team tokens to unlock, we need a combined 1,000x

This has already been achieved btw in just a few months 😂

Andrew (BSC.News)

Hahaha very nice

So last but not least


9. Any exciting news you would like to announce here today?


Alexandre Raffin | GAINS Associates 🐳

We just announced our bridge yesterday and PancakeSwap listing, in addition to Uniswap. This is great for small holders who wanna get some GAINS without suffering from the high gas fees on Ethereum :)

$GAINS is now available on BSC by taking advantage of the Anyswap bridge, thus joining the ranks of many successful top tier projects! 🚀🔥

Anyswap has already entered into numerous partnerships, including Kyber Network, Horizen, Harmony and many other multi-billion dollar projects.

Access the $GAINS ERC20 <=> BEP20 bridge by clicking here

Buy $GAINS on Uniswap by clicking here

 Buy $GAINS on PancakeSwap by clicking here

Check the Total Value Locked in real-time by clicking here  

 Happy trading! 🥳

Oh, but that's kinda some boring crypto stuff

Watch this

Your favorite actor Johnny Sins has something special to tell you! 😉🔥

Retweet 👉

Andrew (BSC.News)

Hahaha oh man this is amazing

Would you be able to provide us with links to your social media accounts so that our community can go follow?

Alexandre Raffin | GAINS Associates 🐳

Absolutely 😊

Telegram ANN: @GainsANN

Telegram Group: @GainsChat

Twitter:

YouTube:

But the best groups are the private ones with the deals and for that you need tokens 😉

Andrew (BSC.News)

Awesome! Thank you so much make sure you guys go and check out GAINS to ensure you make some gains as well :)


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