KYNC VerticalsRevenue
KYNC VerticalsRevenue
OVERVIEW
• Part 2: Speculate on possible near-term and long-term revenue streams, using information about each sector
and making reasonable/informed estimates as examples.
• A lot of topics from previous DD packs are brought up again, for the full context check this document for all of the
DD packs we have compiled during this journey in 2021!
• At the very least the trademark analysis and Alt5 DD pack’s are must sees to understand the full scope of this
one.
PART 1
KOINFOLD AND PAY.HOW
Koinfold is a “crypto-app suite” – a unified brand name to
connect multiple products powered by cryptocurrency tech.
WHAT IS Currently, KoinfoldPay (payment gateway for merchants) and the
KYNC has partnered with or utilized the tech of many different partners already.
Alt5, Uphold, and Artist Relations (just to name a few) are all well respected in their
industries and are setting examples. KYNC wants to team up with companies like this
and bring everything together into a “cohesive force” in the market.
These partnerships result in mutually beneficial relationships that drive more
volume through Koinfold and thus increase revenue. KYNC is entering multiple
markets by tapping into existing client bases.
KYNC WANTS TO BUILD COMPANIES AND BRANDS
Solomon replied to a twitter message, telling our discord server to check out
www.IAC.com as an example of what KYNC aspires to be… that is dreaming big!
They are focused on building brands and companies just by utilizing their resources to identify the best
verticals to build…”IAC progeny include category-defining companies such as Vimeo, Angi Inc., Match
Group, Expedia, TripAdvisor, HSN, LendingTree, Interval Leisure Group, and Live Nation (formerly
Ticketmaster); together, these market leaders have created equity value of nearly $100 billion.”
IAC is also a holding company and KYNC seems to at least somewhat be modeling
their business strategy based off of them. They have done quite well for themselves
for the last 40 years.
CRYPTOCURRENCY NEEDS MORE SOLUTIONS
Just like how the early internet needed actual websites and use-cases before the general
public realized the full potential, cryptocurrency adoption hinges on providing solutions that
enable it to actually be used like a currency, both conventially and unconventially!
Again, just like the internet, enabling the full potential of cryptocurrency will allow it to make an impact and bring
change to nearly every industry in the world (hint, its already starting(!
The pieces of the puzzle are being built before us in real-time and major companies and even
governments are jumping on board. The key value proposition for KYNC is that instead of
being focused on becoming the first to deploy a certain kind of crypto application, they are
focused on building a team of partners that already have great solutions and bringing it
all into ONE experience in a unique and custom way!
I like the name because it is easy to remember that all of your crypto assets are stored in your Koinfold , just like
money was once stored in a billfold. It is ALL about building a brand.
IAC is sitting at a $13B market cap. KYNC is at $60M. They made an entire business doing
exactly what KYNC is trying to do. IAC provides solutions, sometimes niche ones, to every
sector imaginable… KYNC wants to follow suit by deploying blockchain type solutions
built on Koinfold and allowing access to every vertical through Pay.How to create a one-
stop financial shop.
PART 2 Look at all of those
REVENUE STREAMS FROM KEY VERTICALS solutions…!
We’ve talked about how each vertical will contribute volume, and thus
revenue, to the exchange… but how much revenue can we expect from
KOINFOLD EXCHANGE people using Koinfold JUST for the standalone exchange features?
POSSIBLE REVENUE • Let’s take a look at 2 of the most popular crypto exchanges:
Coinbase and Binance.
KYNC Comparison KYNC Projected • In 2020, Binance had an annual exchange volume of $1.07
Vertical Company Revenue Annual Revenue trillion. Coinbase captured about 20% of the Binance
marketshare, recording about $200 billion.
Koinfold Coinbase, 2021
$70M • In 2021, Binance is expected to increase volume by ~7x, to
Exchange projected revenue $7B
$7 trillion. Let’s assume the same for Coinbase ($1.4T)
• Binance Revenue and Usage Statistics (2021) - Business of
Apps
• Side-note: Can you effing believe these numbers?
• Lets aim on the low side and calculate possible transaction revenue
from gaining just 1% of the 2021 Coinbase volume (0.2% of
Binance) as we head into 2022.
• Remember, Coinbase charges much higher fees and smaller
trades suffer more… but, the pure transaction fee is 0.5%
while Koinfold is confirmed to only have 0.5% spread fee
with NO commission fees. Let’s just compare revenue from
retail fiat transactions (not swaps) so the rate is the same
Revenue = 1% ($1.4 trillion * 0.5% fee) = $70M
Talking about projections is great and all… but can we calculate where
we are already at?
KOINFOLD EXCHANGE • We tried to come up with the most logical way to calculate current
Koinfold volume and make sure we are separating it from total
CURRENT REVENUE? volume on Alt5. So, we wanted to find the % increase in Alt5 total
volume after Koinfold released.
KYNC KYNC Estimated KYNC Projected • Taking the average trading volume on several coins from late
Vertical Current Revenue Annual Revenue August, mid September, and early October, Alt5’s exchange
volume was relatively the same, with the highest volume on Oct
Koinfold
$17M $70M 9… Assume Oct 9 is our pre-release baseline.
Exchange
• Compare this to average trading volume on Oct 23/24, a little
over a week after Koinfold released.
• Comparing these volumes gives a much larger % change than
Koinfold comparing volumes in Aug/Sept/Oct, around 8-10% depending on
exchange
Average volume on Alt5
KYNC Comparison KYNC Projected • Ticket Evolution is one of the largest companies in its space, owned
Vertical Company Revenue Annual Revenue by over 120 brokers, and “Was founded by brokers for brokers”.
KYN Ticketmaster, ~2B in
$20M
• Earlier this year they completed a massive merger,
Ticketing 2016 acquisition, and additional financing in one fell swoop. They
merged with DTI management, one of the industry's most
established professional ticket reseller platforms, who is also
This one is a little harder to estimate, but this report the leading reseller of live tickets to all resale marketplaces.
below says that in 2017 the online event ticketing • Additionally they acquired TicketVision, a powerful pricing
market was valued around $46.59B and growing... so it software application tailored to serve professional resellers.
is clearly a good industry to get into. • Website: https://www.ticketevolution.com/
• CEO: https://www.linkedin.com/in/curtischeng/
Just for fun, looks like Ticketmaster had about $2B in • Ticket Evolution powers over 80,000 events and 12,000 venues
recent years... if KYNC secured 1% of this marketshare worldwide for its partners resulting in over 4 billion dollars worth
together with ticket evolution, yearly revenue would be of events such as sports, concert, theatre, performing arts, and
$20M. other special events worldwide. Truly, they are one of the
Online Event Ticketing Market Size, Share | Industry industry’s premier B2B ticket exchanges. Many recognize them as
Report, 2018-2025 (grandviewresearch.com) they are shared as partners by a OTC success story, HMBL
• Home services is one of the most interesting vertical ideas and is a
natural extension of BidWilly’s business model.
• The goal of this vertical is to change the way the landscape
KYN HOME SERVICES contracting industry works!
• With Pay.How, anyone could accept and receive payments
POSSIBLE REVENUE without a bank account. All you need is an internet connection.
This would allow anyone to start their own “business” and
manage payments on their own terms.
• Cutting out banks as the middlemen has the added
benefit of providing job opportunities for homeless
people that can’t open a bank account.
• Also, business wouldn’t be determined as much by who
markets the best… in the Home Services Marketplace you
would see ratings and price of every local contractor using
Pay.How, providing a level playing field for every service!
• This business model allows costs to come WAY down because
the market will be much more efficient and fairly priced.
Right now, it is common for people to book services with the
most popular name in town, not necessarily the best-reviewed
or cheapest options.
• KYNC will also provide training to people to get them
started… more about that on the next page. It is important to
Solomon. Homeless Job Training & Hiring - YouTube
• The Pay.How Platform is Now Accepting Applications for Its Home
Services Mini-Franchising
• KYN Home Services on Twitter: "We’ve received tremendous
KYN HOME SERVICES interest in this opportunity. Please continue to share.
• KYNC wants to market Pay.How and encourage people to use it by
POSSIBLE REVENUE sprouting up home service franchises across the country. This would
have to be a community led effort (perhaps with local
KYNC Comparison KYNC Projected governments or organizations like Solomon already does?).
Vertical Company Revenue Annual Revenue • There is no good comparison to make here because it is a new
KYN Home
No good comparison $36M-???
business model… but to give you an idea lets focus on JUST lawn
Services mowing services (average annual cost per home $250).
• Say KYN Home Service Franchises end up doing well and
Think about what this number could be… there are an
there is at least one in every mainland state, each servicing
endless amount of home services to offer. Cleaning, tiling,
around 3,000 homes like BidWilly was apparently managing
painting, landscaping.. You name it.
in 2012 BidWilly (wordpress.com).
Article that explains why NFTs are a big deal for the music
industry - https://www.entrepreneur.com/article/379893
https://artistrelations.com/
https://artistrelations.com/koinfold.html
Where Bands Meet Brands - This slogan by
QODEN • This could partly explain why we can see book orders appear in Koinfold
that don’t appear on the Alt5 exchange.
• The cost is reasonable and partnering with QODEN is also in line with the
business philosophy!
BULLET POINT SUMMARY
• With the current business verticals we know about, assuming all of them begin operating in 2022 KYNC could realistically
see at least $100M in revenue by the end of 2022. The market cap as of 10/27/21 was $47M.
• KYNC is a holding company and their focus is on building brands, products, and services. Just like the previous DD packs
have all said, the value proposition of KYNC is all about bringing everything together under 1 brand for a streamlined
user experience.
• With the blockchain tech of Koinfold, KYNC can deliver custom solutions to many different sectors much like the ideas that
IAC has been able to build a multi-billion dollar company with over the past 40 years.
• In order to have the resources and knowledge necessary to provide solutions, KYNC is carefully selecting partners that
strengthen their technology stack and reputation while keeping overhead costs low.
• Koinfold and Pay.How are not the same thing. Koinfold is a suite of crypto/blockchain services, Pay.How is a super app
that is powered by Koinfold which allows integration of all key verticals (ticketing, ride sharing, home services, etc.) into
Pay.How.
• You can access Koinfold Exchange on a web browser for now until the standalone Koinfold app is released, or through
Pay.How.
• The Koinfold Exchange release was focused on getting the barebones phase 1 out into the market to start testing AND
generating revenue.
• The exchange is the heart of all the business verticals and strengthens all aspects of Pay.How by allowing currency swaps
to a continually growing list of pairs.
LAST WORDS – THROWBACK TO DD PACK 1
(BECAUSE IT IS STILL RELEVANT!)