Great submission. Clear articulation of the value proposition historically, currently and planned for the future.
Eager to get into the detail on tokenomics as I’m sure interest is going to be huge on TGE. Will keep my eyes out for more info. Didn’t realise you were aiming for end of March. That sounds excitingly close!
Being the web3 liquidity layer PayPal is to EBay is a bold and thought provoking goal. Asset security will be central to progress and I’ll watch on with interest as this rolls forward.
This is awesome, just strange i haven’t heard of it until today.
Indeed! Do you have a twitter account? If so, could you please share? It would help us research your network and consequently network of your network and learn why we don’t have a good reach there. Thank you!
Would like to see an expansion of tokenomics, vesting dates and long term plan for utility. Many projects can thrive with two tokens if they serve distinct purpose within the expanding ecosystem.
Yep I posted in response below (can’t link to it since it’s getting approved still, but it’s the one with an infamous donut chart ). We will announce utilities a bit later, just to align with marketing efforts, but there is plenty already planned!
And even more, coming through the year as we expand. Just like with “sharx” we want to make sure holding $HARK is super beneficial in terms of utility, while being compliant and not being seen as a security.
Love the bold vision of providing liquidity for tokenization of web 2 assets and excited to see what is in store.
Thank you! We have a lot of meaningful partnerships there already, and with the recent capital raise, we finally can expand the team and double down on that.
Thanks! Makes sense. Will the tokenomics information be made public before it’s time for the community to vote on the next project to be launched through LFG?
It will be made available to the board on request, for the community we can run AMA and/or outline broad strokes. Here is some public information:
I have been using the Sharky platform for my loan needs. I must tell you it’s been the best of experiences for me so far. So am all in on this HARK new adventure
I am extremely bullish on Sharky. Love the plattform.
As I asked another competitor here. Will you acknowledge NFT projects for loans who are not in the Top 100 or 200 to help Founders getting isecase for their Holder.
Your story and the way you guys are connected in Solana makes menbery bullish on you.
Bulk repay, and bulk extend - will be the immediate features.
Partial repays - not sure, extensions cover most of those use cases, but maybe I am missing something.
Duplicating sharky for other chains. Potentially even introducing cross chain collateral, etc
Exactly. Expansion to Ordinals (talking to a potential partner, already hired dev who know ordinals), and probably ETH (we have finished writing smart contracts last November).
And most importantly - we will announce a new feature. Not sure pre-TGE or post-TGE, but we believe it will start a NEW META for NFT loans. Just like we started a new meta with the order book model. And the $HARK utility will be closely tied to it as well.
Will you acknowledge NFT projects for loans who are not in the Top 100 or 200 to help Founders getting isecase for their Holder.
Of course! We already support the top 463 collections (https://sharky.fi/beta/orderbooks) and we try to partner up as early as we can with every upcoming mint, because it’s a win/win. You can read about our partnership strategies here: https://partnerships.sharky.loans/
We do have requirements for liquidity for collections, but they are not hard to fulfill unless it’s a complete degen mint haha. Hope it helps!
Great layout, great description, great job holding off and building your platform for long term and making it sustainable before you ask for new investors to move in. This seems like a great plan to reward your founding investors and provide a chance for others to benefit from helping provide more ‘runway’ for your future.
Love this “Don’t do it… unless you feel like you are doing it for the right reasons”, most don’t understand how hard it can be to run any type of project.
I’m excited for your launch and think you are an excellent candidate for the LFG platfrom, and thank you for sharing the opportunity. It seems like you don’t need a launch partner for a token so kudos to you for thinking of Jupiter and it’s new holders.
can you share financial details other than revenue? what are your costs and profits looking like? how will funds from TGE be used?
Not publicly in details, but I can share the broad strokes. We are a relatively small team. 9 full-time, 4 contractors. Our burn ranged between 40k to 100k mo last year.
We are not raising a lot of funds via TGE, we only plan to sell a small portion of the supply. Most of the funds have already been raised. As usual, the vast majority will be used for product development and the growth of our business. And some of the funds for liquidity provisioning, market making, and CEX listings.
). We will announce utilities a bit later, just to align with marketing efforts, but there is plenty already planned!
