NEXUS Startup Competition Pitch - Fountain - TOKEN2049 Singapore 2024

we are building a web 3 operating system for Enterprise and financial services we're here to help organizations secure manage and automate any treasury risk and trading operations instantly um crypto Market has been growing very aggressively growing to3 trillion doll just this past year and this growth is primarily driven by institutions 58% of them have invested in cryptocurrency but despite that there's so much interest coming from institution side um and there's a pretty straightforward way for them to engage with crypto via CI with trii interacting with anything unchange still remain to be very very challenging and why is that there are few different reasons well first of all this Market operate on 24/7 hour basis what that means is that it requires a continuous human oversight or a continuous monitoring system you need engineering res resources it's a very very volatile market and then so what that means is that you actually need to have very robust mechanism to react to any Market condition ecosystem hacks also happen all the time and so it's also non-trivial to set up safety guard rail that tailor to Smart contract with protocol and lastly it still remain to be a fairly challenging process to interact with any defi products will go through any defi workflow and specifically for this reason we have created a fountain and Fountain is a platform that allows these organizations to manage any kind of unction workflow in one place we have innovated and created the first ever NOCO workflow builder for the web 3 Industry and this NOCO uh Builder allows our users to be able to utilize if this than that logic Builder um to be able to trigger any uning action and then to be able to create any kind of uning workflows and then so let's bring up the demo okay so the user will be able to leverage any kind of data source to create a condition and then they will be able to interact and then trigger one with multiple unchain actions it will go through a approval process and then users basically will be able to manage any kind of such kind of workflows in one place and with this uh workflow Builder it doesn't require users to have to provide additional signatures when condition happen it basically will get executed automatically now a lot of our customers are leveraging these workflow Builders to tackle three categories of use cases from something as basic as treasury operation account rebalancing portfolio management right in a context of margin trading what do you worry about you worry the most about account liquidation so you will be able to build workflow that basically will track your balance number right with price data and then when condition is met it will automatically acquire specific asset and pop up your account you can also utilize the workflow Builder to be able to create any kind of safety guard real so in the context of providing liquidity for a specific token payer right what do you care the most about you care the uh about D situation so you will be able to create a condition that basically will be able to track um the pricing of a specific stable coin and when D situation start happening it can trigger a series of action to automatically remove your liquidity position swap the asset into alternative stable coin and then transfer the asset to a specific vat you can also use the workfor Builder to be able to automate any kind of like trading strategy and then to um achieve any sort of Arbitrage and the platform that we have built out basically is a smart contract based middleware solution and then so what that means is that the smart contract basically are is managing any of these workflow there's zero downtime and our user have absolute ownership we also have a native non- custodian multi mechanism and that is universally compatible with any kind of like custody signing solutions from fire block metam Mass Ledger and lastly we also have built out a unchain native policy engine and our organization will be able to use this policy engine to much more granularly control how their users will be able to interact with any protocol with daps down to the function level overall Fountain enable organization to save time managing any onchain operations stay safe interacting with any defi products and protocols out there in G Alpha by being able to engage with much more sophisticated def products and engage with much more complex def strategy I spent the past 10 years of my career in Enterprise B2B space as a engineer founding and Venture investor um I started investing in the Noco space back in 2018 with a few portfolios and so I basically am bringing my expertise um from the web to of NOCO local space and then bring these Innovations to web 3 uh we have a small team based in New York City and then we recently announced our round uh this past week we are currently in private beta um serving a few largest market makers and hedge funds out there we're here helping our users set up any workflows end to end and thank you so much thank you thank you Morgan we're going to dive straight into Q&A now with the judges thank you uh thanks uh I I was curious do you have uh plans or maybe a reason not to offer like centralized exchange uh management as well for like the hedge funds that'll have exposures on chain as well as centralized exchanges yeah I think the centralized exchange part of workflow um has been managed and done pretty well by custody solution let's say fire blocks Etc and then so the Gap that we're seeing in the market is basically interacting with anything onchain and that is also a reason why that we make a very intentional technical decision to build this entire product natively on Smart contract thanks good [Music] answer um what are the use cases that the that the market makers that you me mentioned that that are using this private bet are using this for yeah one of the most common use case is actually account rebalancing like being able to uh rebalance their trading account with even just like internal accounts to start with and then after that a lot of these funds basically also have you know their staing position liquidity position what not they will also utilize the platform to help with implementing safety guard RS and for the rebalancing they're actually swapping on assets on chain to to to rebalance and are you just using like a DEX or yeah so for account rebalancing the workflow is actually very simple they are basically just tracking the balance right if the balance fall down to specific position they basically just want to be able to do automatic transfer okay yeah from the institutional side I think they're obviously excited about crypto as a whole they've been relatively slow to do things on chain and part of that has mostly because the skepticism around onchain safety and smart contract risk how do you mitigate that for institutions yeah um it's a pretty complex uh problem to kind of like tackle like for instance they care a lot about let's say counterparty risk or like they care a lot about let's say when they engaging with specific liquidity pool they want to make sure there is no questionable liquidity coming from specific kind of like account and then so for different kind of like for different kind of like open question sometimes we need to like Leverage like chain links data to help them be able to evaluate the counterpart of the protocol that they are looking to engage with but overall it's a pretty complex kind of like problem that we need to tackle in different angles awesome thank you thank you