Retirement and crypto assets: how to optimize your future by Jiazi Guo (ETZ Soft)

so why cryptocurrency should be in retirement so we start a year and a half ago and now we're about 27 people and we actually only serving in B2B industry but we have a big announcement back end of the this talk that we actually going to launch or b2c product and today at Easter Denver and so why uh you need a crypto in your retirement and I get a lot of question about this like crypto is very volatile retirement needs to be something steady S P 500 commodity and that's actually not necessary at all if you think about you leading your money in the USD today and when you retire your purchasing power is actually much less why is that inflation if you really look at your retirement review I assume your parents you realize that this invest in your future from Fidelity and Vanguard is actually not the same with inflation at a very low it returned on the investment so what about we diversify the retirement into cryptocurrency let's look at ethereum if you first off how this deck is actually Bitcoin at first but we're at ether which into either but if you invest in Bitcoin 10 years ago invest in e3m six years ago you're looking at about 34x Roi so when anybody tell you that investing cryptocurrency is volatile you tell them that in a long-term Horizon it's actually a better asset to invest in the long term so what do etz offer here is we offer a one single platform for you to actually trade crypto with about the maximized tax advantage which is we have product where text deferred we also have product after five years you pay zero capital gain and on top of that you can actually buy sell 24 7 80 asset is hold in the cold storage with Swiss 20 million insurance now the question is that what's that different than coinbase well you tell me right a coinbase you pay one percent fee post tax asset capital gain very high and so at Etc this is where we are we serve you with tax free once again and the capital gain zero and the very minimum transaction fee and 80 Cold Storage with 220 million insurance trading platform we're going to market today for serving the b2c now with my background from hedge fund and I build the platform for only serving institutional client but when bear Market started I think the mass Market deserves something we're only offered to institutional so now let's talk a little bit about what retirement option in the U.S very known for 401k but it was something everyone don't really know about is the Ira Ira Mark is about 13 trillion is actually used for Shell tax now in Ira space you probably heard a very well known Peter tell of putting PayPal stock and at its one cents a dollar into IRA account I end up with 5 billion when he exit that's absolutely what we use all day long we have a we have a massive amount of institutional client and a wealthy individual and but today once again Etc offers us to everybody and you can open the account and free on you and we waived all the fee as for the lucky users from Easter Denver and now we have two options individual Ira which we're launching today and with our sap array sub hour we launched a while back this one is provided for the employer so yes employer if you have a startup you can provide the crypto retirement for your employee for free once again so later we will have a way for you to scan the QR code to sign up so once again we made it free just for Easter Denver and now um if you actually a money manager or your institutional client for us that you actually have a CRM you can look at your ging and loss analytics on demand statement we also help you with text reporting you no longer need to pay a couple of thousands to tax bet legible and you can actually come to us and it will file your tax we have HR integration every week every week or every month we can actually automatically deposit oh no sorry withdraw from you HR and for your payroll providers added to us so there's no household one platform so now um so just by December last year and the The Joe Biden has passed Administration where actually if you do invest in you retirement all the fee can be waived up to 5K and so it's not deductible it's actually a credit so they will send you a check with everything you spend on your retirement so what I say here is that and later you see my team we're very defied uh um focus the team but the reason why we take a step back to build this tri-fi and the identify you can call it cd5 product it's because we believe this product can do something really good for the people in the US and um a little bit about a team myself I'm a former VC and from hedge fund and also I was head of Lego Ventures I actually left at Peak my career to start Etc and because I see the opportunity of there's no asset in retirement that was fine crypto I also see the future that I think our generation deserved the opportunity an option to invest in cryptocurrency and my co-founders former CTO of Silicon Valley Bank and also a formal effective director of Morgan Stanley who built trading decks for Morgan Stanley so we have strong background in the capital market and the security security security is the number one thing at Etc why is that because a couple of competitors in the b2c market has get hacked and also I don't think you ever want to return an asset to actually saved on chain so at Etc we have ancient of Ching How We Do It eighty percent Cold Storage finger fingerprint facial recognition and voice recognition storage on top of that we use our Cold Storage cloud or borrow unchain acid tuning with hedge fund so you can trade all day long you will not notice it's a close switch or not but we guard it with a with everything we can and it was 220 million insurance so our cutoff Chief security advisor is 15 years at a public trade bank or svb it was also the current board at Greylock and or head of engineering Tavi and it's from Microsoft IBM also in D5 for about 15 years sorry for about five years together wipes 2.0 3.0 for about 15 years the problem with solving here is actually a wipe 2 plus 53 and the the last but not the least the regular turn compliance is a very important thing in our space right so what a government think about we're actually allocating retirement asset and into something that very volatile well simple or chief compliant and the regulatory officer is actually the chairman of silvergate ex-chief risk officer from coinbase the current Board of coinbase so he used to be also the regulator from Washington DC so we heard it firsthand etz once again is also fully licensed in the space so we are looking at actually from retirement industry and eventually going to the actual like um taxable trading space as well so um people ask me what's the custodians partners and so here that on the IRA side we partnered with the National Bank so when your money wired to Etc is actually the FDIC Insurance bank so one is a Fiat it's FID insurance and you can actually wait till you decide which crypto you wanted to deploy to and the ones in the cold storage it's actually with coinbase and also we have other providers as well it was very secured and um let's see if we can actually let's just leave on this page so if you want to scan the QR code and you can download or individual accounts and um we actually clearing out some of the waitlist to web about 20 000 wait list but we'll make sure we're prioritize Easter Denver folks and once again we also wouldn't make no cost on your end if you employ yours today want to join many employers has our platform and scan a second QR code and another thing is that I didn't come with empty hand we actually decided to launch our first nft collection so on a very our very rare hands it's actually made by me so that's our etz blue baby dragon and is we have a 300 available and for that what's interesting here is that we're not a NFC business not even close but it's energy collection will live in your wallet and it will be with your retirement account the more you actually deposit your retirement accounts drag it will grow with you and eventually we ask you well open to a market for you to trade digital assets such an empty using your retirement anyways thank you very much we have seven minutes left any questions from that in how do you guys make the money yeah that's very good question we actually charge onboarding fee and also amongst the subscription but the thing is that with the credit with the tax credit we actually build it to the government it's very similar to the insure models right you go to insurance doctor they claim from the uh from the insurance company very similar here with the this new legislation proved by December we actually have free money from the government that's how we make it free for you but eventually we're looking to actually pass on the cost but we'll probably Sue transaction fee and through monthly subscription fee yeah but at this moment and please take that advantage any other questions how much can you put in annually that's a very good question so for 401ks up to 21 000 and with your employer contribution and with the IRA is about 6 000 and with the sub areas about 62 000 what's the difference here that is that the 401K is often offered from employer and for the individual Ira is the individual retirement account so you can do it others other along your employer for them it's only 6 000 but there's a thing called sub array that will be actually selling it like pretty much every day is is individual retirement but if you are self-employed or you work at a startup that's less than 200 people that one's 62 000 Max for tax free at retirement so I very encourage you if you're trading today and remove to move your trading account into a tax-free environment up to 62 000 and the trading our platform with zero transaction action fee could you explain a bit more on how do you provide the security as in how do you make sure that the account won't be hackable or something like that because that is a very common thing these days yeah yeah definitely um I think a lot of Hawk today we see is ang Ching hack so the thing is about Cold Storage coasters being here for for for years years so how culture it works is that we download your asset into a UB drive a USB drive with fingerprint and we lock those USB drive under the ground in the world so if you can think about Bank of America they have all the golds and jewelries and everything that they want storage they actually storage in the ground somewhere you don't know where it's locked so imagine that now you walk to etz Wild bench USBS with fingerprints and so the thing is able to actually touch the asset this is the process you need to call us and we need to ask you to do voice voice recording to telling us your your um your account number and how much you want withdraw with official and also with recognition and from there we asked you to put a fingerprint on the USB drive that you're holding in the same time offer Ops Team games holds then someone would gather up their seat opened up actually an actual wall under the ground then get the USB drive then upload the asset onto the chain then transfer make the transfer so to able to hack that is very very difficult now why the industry don't really use cold storage right one of my dear friend Michael build a fire block I love the company but entirely Unchained it's because liquidity the thing is that every time you have to get out of my seat to get DeWalt and imagine someone's ready to trade right it's not really as it's really hard to ask to it but why retirement is something like this is because retirement is hardly touched it was the last time you actually check your Fidelity or one guard 401K right that's one thing second thing is that we actually have a very good team that actually been negotiated with a lot of liquidity provider where we can use the code search collateral which is actually something I think is where I think the beauty traffic Defy is actually you can see the asset I have why not giving me the credit line to trade and so I think that's the best combination to achieve the best security with best liquidity and I think that's the first time ever at Etc yeah so you can trade is it only in Ira or Roth IRA or can you trade as a we don't have to wait to retirement to withdraw the funds we have trading account and I don't know okay okay very good question the question is is it a trading account it's our account at et's is actually both so you can leave the money in your area without doing anything once again US Dollars up to 250k FDIC insurance and if it's on the crypto side you can just live in a cold storage if you want to use it for day trading you can trade it all around you want and so in our mobile app um so if you download etz from your app store and uh I think I'm a little far from here it's actually look very similar to the trading app you you actually used to today Buy sell transaction account and so yeah so the answer to that is yes it is a fully functional 24 7 crypto trading platform like a coinbase and it just it does not have tax another transaction fee okay well thank you very much and if you want to learn more and our website is etz soft.com and here is also our emails ended please don't forget to shoot any questions and other than that enjoy your Instagram we also have another talk on the 28th around 11 30 a.

m at the source Hotel it's actually one or a demo session so if you want to come to see more what we have built and also the back end of how we or uh sub Ledger and also how we trade in batch and how we Source the cookie from hedge funds and offer that pricing to you guys as a mass Market come to a session for the demo thank you very much have a nice day thank you