A Pocketful of Quarters, A Twelve Year Old Entrepreneur, And A Pitch To Tim D...
Boris interviews George, Founder of Pocketful of Quarters. Learn more about Pocketful of Quarters and their launch on Republic Crypto: ht...
“Why should coins get stuck in games I no longer want to play? I was coming home from school and my dad was explaining the new big thing, crypto. At the time, I was frustrated because whenever I quit a game I lost all my hard-work, time, effort, and worst of all, my coins. I know my friends share my frustration. With Quarters, you will have one wallet for all of your games.”
— George Weiksner, 12, CEO
George on the set of Meet of the Drapers
Virtual currencies (Coins, Gold, Gems, etc.) are used in games across genres and platforms. Players buy these currencies with real money.
Players usually don't spend all of the virtual currency. When they want to play a new game, they have to abandon their winnings and start again from scratch.
This leaves millions of dollars frozen inside games, every day!
Players have a single wallet with Quarters. When they start playing a new game, they can transfer Quarter coins to that game. When they don’t want to play that game any more, they can transfer Quarters back to their wallet, and use them in other games.
Quarters are designed specifically for playing games and not for storing value. Like classic arcade tokens (i.e. Chuck E Cheese), you can buy Quarters but you can’t redeem them outside of the gaming ecosystem.
You are investing in Q2 tokens, which pay you royalties on the sales of Quarters tokens, not the gaming-centered Quarters tokens. See “Token Economics” for more info.
1. Register to get a Quarters wallet
2. Buy Quarters with USD or ETH (Quarters have a fixed price for players)
3. Approve transfer of Quarters to developer
4. Play game, potentially earning more Quarters
Game developers compete to collect Quarters from game players. Players transfer Quarters to developers in order to play games. In turn, developers (but not players) exchange Quarters for Ether, based on a formula set in the smart contract.
Quarters can incentivize game adoption. Players get free Quarters when they sign up, and whenever the number of Quarters sold doubles. Free Quarters are a fun reward for everyone in the Quarters ecosystem.
For further detail on the Quarters ecosystem, you can read the Quarters Whitepaper.
With the core infrastructure built and key partnerships lined up, the Quarters ecosystem is prepared for rapid adoption by players and developers. Highlights include:
1. We’ve launched Quarters and the portal, pocketfulofquarters.com — tokens are already available for purchase by players with an email address and a credit card — it's that easy!
3. Technology partnership with Matic.network to enable us to scale Quarters transactions without creating congestion on the Ethereum mainnet or incurring excessive fees.
4. Distribution partnerships with influencers via Rise9 (www.rise9app.com). Rise9 influencers have over 700,000,000 followers in their community.
5. Raised $400,000 from leading media figures and investors including Michelle Phan, Ugur Koyoglu and other angel investors in a SAFE note and in a private pre-sale of Q2 tokens (same tokens you are investing in).
Investor & Advisor
An early pioneer on YouTube with over 1 billion views. Founder of Ipsy, which is valued at $1B and has over 3,000,000 paid subscribers for its beauty and wellness products.
Ugur is currently Vice Chair at Oliver Wyman. He has been steering the firm’s high-impact corporate strategy, finance and risk management projects for financial institutions across the globe. Ugur invest in innovators who reframe a customer problem and solve it with an unconventional approach. Ugur holds a PhD from Princeton University. Full Biography at Oliver Wyman
Revenue from video games is about seven times (7x) bigger than movies and music combined. One in seven people play video games globally, which is about 1.2B people.
Video games are a $138B market, growing rapidly (>10% per year).
Quarters are intended to be the first gaming token desired by players, distributed directly to players, that has a stable value and works across platforms. Meanwhile, traditional in-game currencies are stuck in each game. Other gaming cryptocurrencies that we are aware of have fixed token supplies with fluctuating values.
We’re on track to launch the Quarters Beta by December 2018.
Our version 1 was a success: we’ve collected a lot of valuable customer feedback and implemented it into an upcoming v.2, which we plan to launch at the end of 2018.
This fall, we will open up a waitlist, and let some players and their friends test our first games. Gaming influencers will play the games to get players excited about Quarters. Then we will launch the Beta to the public for mid-December 2018.
We have an amazing team backing George and his vision. This award-winning team has decades of experience in the gaming and technology industry.
Co-founder & CEO
“Why should coins get stuck in games I no longer want to play?” George founded Pocketful of Quarters to fix this problem for himself and his friends. George is also a seventh grader at Greenwich Country Day School. He is a regular speaker about cryptocurrencies and games, he has appeared in various publications, including Marketwatch, BusinessInsider, Sunrise TV, ICO Investor TV, Be Inspired, and The New York Post. He streams games on YouTube and Twitch as ThisKidCEO. LinkedIn - YouTube - Twitch - Instagram
Co-Founder & CTO
A tech investor (Rostrum Capital and Flatfooted, LLC) and a tech entrepreneur (EndlessTV and E-thePeople.org). Ph.D. in communications from Stanford University and an A.B. in Computer Science from Princeton University. LinkedIn - Github - Twitter
Chris is a gaming legend best known for designing the original Medal of Honor. Chris has designed and directed games that have been played by over 300M players and earned in excess of $6 billion in revenue. LinkedIn - Moby Credits
Devo is a 3x grammy award winner, for his work with Kanye West and John Legend. He has also collaborated with Britney Spears, Nas, Aretha Franklin, Common, and Barack Obama. Devo is founder & CEO of Adventr.tv, named one of the 100 Most Innovative Companies in the world. LinkedIn - Wikipedia - Medium
When you investing in this deal, you’re investing in Q2 tokens, not Quarters tokens.
Quarters (symbol:Q) are a token designed for game use only. They’re available for sale on PocketfulOfQuarters.com, can be earned as rewards for participating, and - by design - cannot be sold back for financial gain.
Players can use Quarters to play games within our ecosystem. Game developers compete to collect Quarters from game players. Players transfer Quarters to developers in order to play games. In turn, developers (but not players) exchange Quarters for Ether, based on a formula set in the smart contract.
Q2 (symbol: Q2) are revenue-sharing tokens, designed to attract the initial investment needed to jumpstart the Quarters ecosystem. Q2 tokens are royalty tokens that distribute the ETH dividends earned as Quarters are sold.
Q2 investors earn royalties on the sale of Quarters whenever Quarters are bought via the smart contract. When that happens:
Q2 holders will earn royalties from the sale of Quarters proportional to their ownership of the Q2 network.
Investors are offered to invest in POQ Issuer, LLC and receive a Token DPA — a debt instrument, payable by assets (Q2 Tokens).
Per the DPA Agreement:
Please consult the DPA Agreement for complete terms including timing, Republic’s and POQ Issuer’s commission, how funds are handled, what happens with the funds in case the Tokens never get distributed by POQ Issuer, LLC, etc.
This debt offering is suitable for sophisticated investors with knowledge of blockchain technology and the ability to assess its applications and their market potentials only.
POQ Issuer, LLC is conducting this debt offering, with principal plus 20% interest payable by Tokens (Q2) in lieu of cash, as per the terms of the DPA Agreement. Please carefully review the entire DPA for complete offering terms. POQ Issuer, LLC is a Delaware company and an affiliate of Pocketful of Quarters, Inc., a service company to help promote the adoption of the Quarters ecosystem.
Together, we can bring Quarters to games everywhere, and make games better for players.
Thank you for supporting my effort to make games better for me, my friends and players all around the world! — George Weiksner
The smallest investment amount that Quarters is accepting.
$100,000 – $1,070,000
Quarters needs to raise
before the deadline. The maximum amount Quarters is willing
to raise is $1.07M.
Quarters needs to reach their minimum funding goal before the deadline.
If they don’t, all investments will be refunded.
Token DPA (Late Stage with Escrow)
If the campaign is successful, you’ll receive a Token DPA for your investment.
The DPA is not equity or a token itself, but a loan that payable in tokens in
the future, with interest.
If the campaign is successful, you’ll receive a Token DPA for your investment. The DPA is not equity or a token itself, but a loan that payable in tokens in the future, with interest.
The amount of time Quarters has to pay out your investment in tokens.
If the DPA isn't repaid with tokens after that time, it will be payable in cash
The interest amount that will accumulate on your investment
if it’s paid back to you in cash.
The interest amount that will accumulate on
your investment if it’s paid back to you in tokens.
50% of net debt amount before 2 years
How much you can get back of your investment if you choose to cancel
the Token DPA before it’s paid back.
Get 7,500 Free Quarters!
Limited (41 left of 100)
Get 20,000 Free Quarters!
Sold out (0 left of 50)
You can still invest $50 without the perk.
Early access to one game that accepts Quarters and also receive 20,000 Free Quarters!
Early access to one game that accepts Quarters for you and five other friends, and also receive 20,000 Free Quarters!
An invitation-only streaming session with George and also receive 20,000 Free Quarters!
Get early access to all available Quarters games in our beta program and also receive 20,000 Free Quarters!
Play on stream with George (one on one for an hour!) and also receive 20,000 Free Quarters!
Limited (8 left of 10)
Early access to all Quarters games in the beta program for you and 10 other friends, and also receive 20,000 Free Quarters!
Design a mobile game with Chris Cross and also receive 20,000 Free Quarters!
Limited (3 left of 4)
Meet George in person in NYC and also receive 20,000 Free Quarters!
Generally, players don't directly purchase in-game assets. Instead, players buy packages of in-game coins (or gems, etc.) with USD, and then use these coins to make purchases.
Quarters replaces these in-game coins. Like in-game coins, players can buy Quarters with USD . Unlike traditional in-game coins, Quarters can be used within the original game as well as any other participating Quarters game.
We will acquire users in two ways. The first way is with a waiting list with tasks and rewards. The second way will with influencers. Influencers will play our games and their viewers will be intrigued by the games and want to learn more.
I like the idea. My sons are gamers and they will appreciate dad jumping in.DENNIS PADGETTInvested 8 days ago
This is a really awesome idea!Tyler PykeInvested 8 days ago
Because i trust you.acelin simInvested 10 days ago
Gaming is always going to expand. Being the first crypto that can be exchanged between platforms, if done right, will be valuable in a few years. So long the games are replayable!Keia Ikekai HarrisInvested 10 days ago
Seems interestingJosh EdwardsInvested 16 days ago
I want to support this team. $30Tracy DeaganInvested 18 days ago
Video games aren't going anywhere.Jeremy RamseyInvested 18 days ago
I'm not a gamer but this startup idea makes perfect sense for those who are gamers.Chris KibbeInvested 20 days ago
Gaming will always be around and with having 1 wallet to access everything will make purchases and other transactions easier to work withHECTOR HERNANDEZInvested 23 days ago
Like the concept of exchange tokens across different games.Hashim BharoochaInvested 24 days ago
Great idea!Marco MatoukInvested 25 days ago
Just a tiny investment, nothing fancyHadinata TjawInvested 25 days ago
Furthering the adoption of crypto.Rohun JauharInvested 25 days ago
I believe block chain is the future and hand held and VR tech is the next boom.Tony BackusInvested 26 days ago
my daughter is an animator for a game company. this looks like this will help their industrydaniel rohrsInvested 26 days ago
I like online gaming, think there is a future in it, and wanted to try republic.Phillip GentryInvested 28 days ago
I believe in the company to chance how game currency can now be transferred.Thanh Thảo PhạmInvested 28 days ago
I invested in an awesome idea for both investers and gamers alikeJamie CorcoranInvested 29 days ago
Forward thinking solution and incorporates new digital coin technology.Maria VasileInvested 29 days ago
Quarters has an excellent team tackling a real problem. I'm excited to help them break down silos across games!Matthew MarkusInvested 29 days ago
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