TrakInvest Partnerships & its network effects
TrakInvest has successfully completed its ICO crowd-sale and achieved the hard cap placing all 66 Mn tokens. The management team of TrakInvest is now squarely focused on executing existing contracts while continuing to build a healthy line of projects. The team clearly understands that the acquisition and successful completion of partnerships and products directly translates into greater demand and superior performance for the TRAK tokens.
As we get closer to the listing date and are working extensively to list on the best exchanges, TrakInvest would like to illustrate the relationship of the token demand and the price to the many partnerships and contracts that have we have announced in the last few weeks.
Our first big partnership was formed with the Andhra Pradesh Government(as also illustrated in the whitepaper), which included the training and placement of 20,000 students across the state with each student training cost at $150 — that’s a straight 3 million dollar revenue all to be paid for in tokens, directly translating to a 3 million dollar token purchase demand on the exchanges over the next 12 months!
500 of these students have already completed their trainings and given the resources and pace of trainings that continue, we should be done with 5000 by June 2018. Similarly, we have partnered with the governments of Telangana, and are pursuing the governments of other northern regions in India such as that of Punjab, Delhi and Haryana.
In a similar fashion, we have established a partnership with the largest bank of Thailand — The Siam Commercial Bank, wherein we would be setting up 20+ investment centres that use the TrakInvest platform across major universities and cities of Thailand. Students across Thailand would use the platform to learn investing as a lifeskill and pay for the services offered by the platform in TRAK tokens directly translating to token demand.
And finally, the recent partnership with the government of Oman and its sovereign wealth fund includes the setting up of a training centre in Oman for teaching investing as a life skill for the local omanis. We are also looking to build a local media asset in the form of The TrakInvest show in Oman by partnering with the local banks and universities to replicate the success we have seen in The TrakInvest Show in India.
These initiatives bring in additional customer base and branding translating into direct demand for TrakInvest services and hence revenue for the firm. The TRAK token price rides on this revenue demand generated. As months progress and initiatives take full form and shape, this demand is only set to rise. Exciting times ahead indeed!