About TraDove

TraDove is a B2B social network created for business professionals to buy and sell goods in a trustworthy and transparent way. Summarized by its founder, Kent Yan, as a decentralized LinkedIn-type network which utilizes authentication of users, TraDove’s main aim is to create a reliable and profitable for ecosystem for buyers and sellers to easily find each other.

This is where the core concept of TraDove stems from. During Kent’s time in businesses such as Deutsche Bank and even his own staffing firm, Braincess, Kent recognized a fundamental problem in B2B — that buyers and sellers had no reliable way of finding one another. It was from this realization that he began to find a solution to the problem, and founded TraDove.

Founded in in 2012, TraDove now hosts over 250K users from over 10K businesses worldwide. The company has grown from it office in Palo Alto, California to include offices across the world; including 16 full-time employees in China, 1 full-time employee in Taiwan, 1 full-time and 1 part-time in Switzerland, and 2 full-time and 4 part-time employees in the United States.

About Founder and CEO Kent Yan

TraDove’s Founder and CEO, Kent Yan, describes himself as a tech nerd. After completing a BA in Engineering from MIT, Kent went on to obtain an MBA from the Sloan School of Management. In subsequent years, Kent went on to work for such entities as PepsiCo and Deutsche Bank.

It was in these years that Kent made a number of important and lasting business connections, such as Phil Duff and Richard Rosenberg. Many of these influential names now serve as investors and advisors for both TraDove and its BBCoin ICO.

About the BBCoin ICO

TraDove’s BBCoin ICO introduces the world to the first B2B token. With this token, TraDove aims to create a global medium of exchange for businesses on its B2B platform.

The BBCoin concept and its ICO have been created with long-term viability in mind, not simply a ‘pump and dump’ for those looking for a quick, short-term gain. As such, TraDove has registered and is fully complying with the Securities and Exchange Commission (SEC) and has acquired Mike Rosati, chair partner of renowned tech law firm, Wilson Sonsini Goodrich and Rosati as legal counsel.

Goals of the ICO

The goals of the of TraDove’s BBCoin ICO are twofold

Firstly, this ICO allows TraDove to introduce its own cryptocurrency to the worldwide B2B marketplace to serve as a medium of global exchange. Rather than utilizing an off-brand such as Ethereum or the anonymity of Bitcoin, TraDove invites buyers and seller worldwide to made their exchanges on the blockchain in BBCoins, using TraDove’s transparent and secure smart contracts.

Secondly, TraDove aims to raise the raise capital to implement this trading infrastructure into their platform in the upcoming year. This includes using the proceeds to attain a critical mass for the platform and utilize the code developed by a highly skilled blockchain team.

Future Plans for TraDove

As highlighted in the roadmap for 2018 and 2019 found in TraDove’s White Paper, the plans for TraDove in the near future include attaining the critical mass necessary for a social network to be successful — reaching the number of users that keeps people coming back and draws in new users.

Beyond this, will be the main goal of the ICO: full implementation of the BBCoin and blockchain purchasing system into TraDove’s already-existing B2B platform.

What incentivizes buyers to participate with BBCoins?

Buyers are able to get tokens for their companies and deposit them into a shared company account for later use in targeted advertising. The network also allows both buyers and sellers to import and merge their business circles and matches users to collaborate and share knowledge, opportunity and experience.

What is TraDove’s cash burn rate?

Cash burn rate is kept low due to low labor costs. Team leaders are part-time consultants and experts, while most full-time employees are developing the product in China. This results in a 55K USD monthly burn rate.

What is the TraDove.com’s churn rate and active member retention?

Users don’t quit, they become inactive. Out of over 250K users, about 20–30K (10–15%) are active, visiting at least 2x per month.

Will TraDove’s marketplace become more autonomous in the future?

TraDove isn’t a marketplace, it’s a people network. TraDove connects people to make deals and find long-term solutions to make buying and selling better.

Some users have asked about shifting wallet addresses and moving money?

TraDove is using Coinbase for receiving payment in the ICO. Coin base randomly generates wallet addresses as part of their operating mechanism, resulting in its investors seeing numerous shifting wallets.

Additionally, TraDove is not just letting the investment capital sit and accumulate dust, but is instead putting it into action by paying its employees and consultants, as well as marketing.

Will TraDove implement a ratings system for buyers and sellers?

This has been in place for a while.

Where can we view public documents such as balance sheets and quarterly reports?

TraDove doesn’t have these documents publicly viewable at this time. Revenue is several hundred thousand and total costs are 600–800K. With the capital raised during the ICO, TraDove will spend aggressively to build out its blockchain network, encourage viral marketing and merge business circles.

Will a progress bar be added to the ICO page?

Presale phase results have been viewable on the webpage. A progress bar may be added during the public sale.

Is the hard cap too high?

B2B is a global industry with high demand. This high demand translates to higher profits, long-term investments and will inevitably open up corporate pockets for these larger goals.

Why don’t investors list their involvement?

Most of TraDove’s high-profile investors have been well entrenched in the traditional business world for many, many years. They don’t use platforms such as LinkedIn to promote themselves. Others are just too busy. However, some of TraDove’s investors did appear on video to help promote the company and its BBCoin ICO.

Why hasn’t there been much marketing?

TraDove’s CEO Kent Yan openly admits he’s not an expert in marketing, instead focusing on business planning. During this ICO, many lessons are being learned on the importance of PR. High-level marketing will be employed in the near future with the new capital raised.

Is the token price going to be regulated through a public exchange market or through the company website?

TraDove is in talks with exchanges and will be listing after the ICO concludes. Official announcements on this will come at a later date.

What stops large, established companies like Alibaba or LinkedIn from doing the same thing TraDove is doing?

Large companies like these already have their plates full. Their managers and employees already have their established incentives and prerogatives and don’t feel the need to rock the boat or take risks on something new.

Why make BBCoins instead of using an existing cryptocurrency?

In a word: relevancy. The same could be said for any project, “Why not use Bitcoin?” It’s a branding issue. With BBCoin, TraDove can design custom features and no one in the B2B world wants the anonymity associated with Bitcoin.

Why should investors not choose something more short-term?

Short-term investments are fine. However, TraDove is seeking investors who not only are looking to make a long-term profit, but also that psychological satisfaction that they are a part of something that is changing the B2B world in the long term.

Why were refunds issued?

The agreement during registration clearly stated purchases were non-refundable. However, TraDove wanted its investors to feel secure in what they were investing in and offered a refund until 15 January if they asked for one. However, many changed their minds and decided to re-invest.

Thank you for reading our AMA! If you have a question that wasn’t answered here and want to ask it, head to our Reddit Open Thread or our Telegram and ask away!

Buy BBC at:

https://www.coinall.com/market?product=bbc_btc

https://hitbtc.com/exchange/BBC-to-ETH

https://www.bit-z.com/exchange/bbc_btc

https://exchange.fcoin.com/ex/gpm/bbc-eth

Stay up to date on our project via all of our social media channels here:

Business Network: https://tradove.com/login

BBC Website: https://bbcoin.tradove.com/

Twitter: https://twitter.com/tradove_b2bcoin

Facebook: https://www.facebook.com/tradove/

Reddit: https://www.reddit.com/r/tradove/

LinkedIn: https://www.linkedin.com/company/2061291/

Telegram: https://t.me/tradoveglobalB2Btokenoffering

BitcoinTalk Forum: https://bitcointalk.org/index.php?topic=2288789.0