Interview with Lucyd ICO Team

ICO start Oct.31. Presale is live

ICOnow: Can you briefly introduce us to the your project?

Lucyd ICO: At Lucyd we are building the first comfortable smartglasses with our 13 AR patents, and combining it with Ethereum technology for rapid growth via developer engagement.

ICOnow: How well does your team work together?

Lucyd ICO: Very well, we all love the project and are working around the clock to bring next-level smartglasses to the public.

ICOnow: Which projects were implemented by your team or part of your team earlier?

Lucyd ICO: Several of us worked together at Tekcapital, an IP investment company (LON: TEK). Tekcapital founded Lucyd around a portfolio of disruptive AR technologies.

ICOnow: How long have you been working on this idea?

Lucyd ICO: We have been working on Lucyd for just a few months, but the IP behind Lucyd was developed over years of well-funded research at UCF.

ICOnow: What risks do you see for implementing the project?

Lucyd ICO: Our biggest concern right now is the token sale—it needs to be successful so we can get to our first prototype.

ICOnow: What about competitors?

Lucyd ICO: There is no current successful AR display, although many have tried. Lucyd has 13 unique patents that will finally address the biggest problems in AR space, so we aren’t worried so much about our competitors, but our own ability to deliver the product.

ICOnow: Why do we need your tokens?

Lucyd ICO: LCD is the building block of the Lucyd world, and Lucyd is trying to evolve human vision with our next-gen smartglasses. The first 500 presale participants over 2.35 ETH automatically reserve a beta pair of Lucyd Lens. Once the Lens exists, you will be able to use LCD for instant P2P transactions, purchases from Lucyd including hardware and apps, and in-app content.

ICOnow: Where do you see the value of your tokens in the medium to long term and the ultimate benefit for token holders?

Lucyd ICO: We think the value of LCD will rise as more people join the decentralized AR revolution with Lucyd.

ICOnow: Have you secured deals with trading exchanges yet and will you want to disclose which exchanges will be trading your tokens?

Lucyd ICO: We have a few deals in the works with major exchanges like Poloniex.

ICOnow: After a successful ICO, what is the timeline for coming to market?

Lucyd ICO: We are planning to launch the beta Lens to LCD holders early 2019.

ICOnow: What about presale politics (dates, terms, discount)?

Lucyd ICO: We are offering a massive 40% discount (67% bonus) on LCD until Oct. 31! Best of all, first 500 presale contributors over 2.35 ETH automatically reserve a pair of Lucyd Lens smartglasses.

ICOnow: We point out four areas of business activity: marketing, technical, economic components, management. Who competently deals with these issues in your company?

Lucyd ICO: Marketing is our Media Lead, Harrison Gross.

Technical is our App Development Lead, Eric Cohen.

Economics is our Finance Lead, Konrad Dabrowski, CPA.

Management is a combination of our three cofounders above, and an excellent blockchain consulting team we’ve engaged.

ICOnow: Are you focused in any specific geographic areas?

Lucyd ICO: We are trying to make user-friendly smartglasses for everyone!

ICOnow: Do you already have a product or a prototype?

Lucyd ICO: We are crowdfunding to build a hardware prototype. Much of the UX, and the optical system have already been designed. We also own 13 patents embodying the tech necessary to build Lucyd Lens.

ICOnow: Can you highlight the features that are unique to you project that sets it apart from similar projects in the space?

Lucyd ICO: Our technology enables many AR firsts: first full scope enhanced field of view of 120 degrees, first smartglass that can be fitted with prescription lenses, first smartglass with flush LCD microdisplays (instead of protruding external lens), first smartglass that looks and feels like normal glasses.

ICOnow: Which permitted legal field did you choose for the company?

Lucyd ICO: Lucyd PTE Ltd is a registered company in Singapore, and is a portfolio company of Tekcapital plc (LON: TEK).

ICOnow: Did you calculate the profitability of your business?

Lucyd ICO: We think our product not only makes regular glasses obsolete, but also offers a chance to evolve human vision.

ICOnow: Tell us a bit more about your revenue model?

Lucyd ICO: Not only do we plan to generate revenue from hardware sales, we are also trying to create a new in-Lens app ecosystem, from which Lucyd will take a small portion of app revenues from 3rd party developers for our operations.

Visit Lucyd ICO site.

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